Elgi Rubber (India) Buy Hold or Sell Recommendation
| ELGIRUBCO | 99.51 0.02 0.02% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Elgi Rubber is 'Strong Sell'. Macroaxis provides Elgi Rubber buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ELGIRUBCO positions.
Check out Elgi Rubber Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Elgi and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Elgi Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Elgi |
Execute Elgi Rubber Buy or Sell Advice
The Elgi recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elgi Rubber. Macroaxis does not own or have any residual interests in Elgi Rubber or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elgi Rubber's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Elgi Rubber Trading Alerts and Improvement Suggestions
| Elgi Rubber generated a negative expected return over the last 90 days | |
| Elgi Rubber has high historical volatility and very poor performance |
Elgi Rubber Returns Distribution Density
The distribution of Elgi Rubber's historical returns is an attempt to chart the uncertainty of Elgi Rubber's future price movements. The chart of the probability distribution of Elgi Rubber daily returns describes the distribution of returns around its average expected value. We use Elgi Rubber price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elgi Rubber returns is essential to provide solid investment advice for Elgi Rubber.
| Mean Return | 0.09 | Value At Risk | -5 | Potential Upside | 5.00 | Standard Deviation | 4.10 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elgi Rubber historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Elgi Rubber Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 67.5M | 259.1M | 102.6M | (98.2M) | (10.8M) | (11.4M) | |
| Change In Cash | (10.5M) | 55.9M | (57.2M) | (3.2M) | (2.0M) | (1.9M) | |
| Free Cash Flow | 224.6M | 608.1M | (27.7M) | (215.1M) | (187.5M) | (178.2M) | |
| Depreciation | 168.4M | 165.7M | 180.6M | 162.9M | 191.1M | 177.7M | |
| Other Non Cash Items | 127.2M | 59.6M | 54.6M | (16.4M) | (71.8M) | (68.2M) | |
| Dividends Paid | 10.2M | 800K | 350K | 272K | 310K | 294.5K | |
| Capital Expenditures | 151.8M | 23.3M | 122.5M | 482.9M | 247.8M | 288.0M | |
| Net Income | (145.2M) | 31.8M | (155.9M) | 100.6M | 116.6M | 122.4M | |
| End Period Cash Flow | 44.8M | 100.8M | 43.6M | 40.4M | 38.4M | 36.5M | |
| Investments | 39.2M | (8.7M) | 11.3M | (287.1M) | (159.7M) | (151.7M) | |
| Net Borrowings | (131.1M) | (389.1M) | 33.6M | 246.2M | 221.6M | 232.7M | |
| Change To Netincome | 125.3M | 80.6M | 62.2M | 16.7M | 15.0M | 14.3M |
Elgi Rubber Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Elgi Rubber or Automobile Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Elgi Rubber's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Elgi stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 1.46 | |
σ | Overall volatility | 4.17 | |
Ir | Information ratio | -0.0057 |
Elgi Rubber Volatility Alert
Elgi Rubber shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Elgi Rubber's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Elgi Rubber's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Elgi Rubber Fundamentals Vs Peers
Comparing Elgi Rubber's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Elgi Rubber's direct or indirect competition across all of the common fundamentals between Elgi Rubber and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elgi Rubber or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elgi Rubber's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elgi Rubber by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elgi Rubber to competition |
| Fundamentals | Elgi Rubber | Peer Average |
| Return On Equity | 0.0624 | -0.31 |
| Return On Asset | 0.0066 | -0.14 |
| Profit Margin | 0.07 % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 8.11 B | 16.62 B |
| Shares Outstanding | 50.05 M | 571.82 M |
| Price To Book | 2.68 X | 9.51 X |
| Price To Sales | 1.28 X | 11.42 X |
| Revenue | 3.86 B | 9.43 B |
| Gross Profit | 2.34 B | 27.38 B |
| EBITDA | 582.6 M | 3.9 B |
| Net Income | 116.61 M | 570.98 M |
| Total Debt | 3.07 B | 5.32 B |
| Book Value Per Share | 37.91 X | 1.93 K |
| Cash Flow From Operations | 60.24 M | 971.22 M |
| Earnings Per Share | 5.37 X | 3.12 X |
| Number Of Employees | 448 | 18.84 K |
| Beta | 0.64 | -0.15 |
| Market Capitalization | 4.98 B | 19.03 B |
| Total Asset | 5.66 B | 29.47 B |
| Retained Earnings | (201.06 M) | 9.33 B |
| Working Capital | (467.58 M) | 1.48 B |
| Net Asset | 5.66 B |
Elgi Rubber Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elgi . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2524.29 | |||
| Daily Balance Of Power | 0.0041 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 100.54 | |||
| Day Typical Price | 100.2 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (1.02) | |||
| Period Momentum Indicator | 0.02 |
About Elgi Rubber Buy or Sell Advice
When is the right time to buy or sell Elgi Rubber? Buying financial instruments such as Elgi Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Elgi Stock
Elgi Rubber financial ratios help investors to determine whether Elgi Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elgi with respect to the benefits of owning Elgi Rubber security.