Indag Rubber Share Price Target 2026, 2027, 2030, 2040, 2050
Indag Rubber is a well-known Indian company that makes materials used to repair and reuse old tyres using cold retreading technology. The company makes products like tread rubber, bonding gum, rubber cement, and other materials needed to fix worn-out tyres. It also gives technical help and advice to tyre repair businesses and fleet owners so they can improve tyre life and reduce cost per kilometre. Indag has a strong network across India with more than 1200 retreaders, over 200 dealers, and many depots, so its products are easily available.
What is Indag Rubber Ltd NSE: INDAG?
Indag Rubber, established in 1978 and situated in New Delhi, India, was started by the Khemka Group, including S. K. Khemka. It is an Indian company that works in tyre retreading, which means it makes old tyres useful again instead of making new ones. The company makes products like tread rubber and bonding materials that are used to repair worn-out tyres, mainly for trucks and commercial vehicles. It also gives technical support and has a wide network across India to help its customers. This helps transport businesses save money, use tyres for a longer time, and reduce waste, which is good for the environment.
It makes materials that help repair old tyres so they can be used again instead of buying new ones. Its main products are tread rubber, bonding gum, rubber cement, and other items used in tyre repair. These products help make tyres strong again and increase their life after fixing. The company focuses on good quality so that repaired tyres can run safely on roads. In 2026, its share price target would be ₹192, as per stock market analysts.
According to stock market analysts, its share price would be between ₹71 to ₹192 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 71 | 192 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 102 | 128 |
| February | 95 | 119 |
| March | 84 | 103 |
| April | 87 | 99 |
| May | 76 | 111 |
| June | 71 | 115 |
| July | 73 | 130 |
| August | 75 | 149 |
| September | 80 | 158 |
| October | 92 | 166 |
| November | 100 | 179 |
| December | 135 | 192 |
It is famous for bringing cold retreading technology to India. This method changed how tyres are repaired. It uses normal heat and pressure instead of very high heat, which makes the process safer and better. It also helps keep the tyre strong like before. Because of this, the company became a leader in tyre retreading. Many transport companies started using this method to reuse tyres. In 2027, its share price target would be ₹305, as per stock market analysts.
According to stock market analysts, its share price would be between ₹178 to ₹305 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 178 | 305 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 178 | 220 |
| February | 181 | 224 |
| March | 185 | 230 |
| April | 190 | 237 |
| May | 194 | 244 |
| June | 197 | 256 |
| July | 200 | 261 |
| August | 214 | 267 |
| September | 221 | 272 |
| October | 227 | 281 |
| November | 235 | 288 |
| December | 245 | 305 |
New tyres cost a lot, especially for trucks and big vehicles that need many tyres. Retreading helps use old tyres again at a much lower cost. At the same time, properly repaired tyres can give almost the same performance and mileage. This helps reduce the cost per kilometre for vehicle owners. That is why many transport businesses prefer retreading to manage their expenses in a better way. In 2028, its share price target would be ₹403, as per stock market analysts.
According to stock market analysts, its share price would be between ₹290 to ₹403 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 290 | 403 |
It also helps in protecting the environment. Tyres are made from materials like rubber and oil, which are limited. So by repairing and reusing tyres, these materials are saved instead of being wasted. This also reduces the number of tyres thrown in garbage or landfills. It helps lower pollution and reduces harmful gases from making new tyres. The company promotes eco-friendly practices and encourages people to make better choices. In 2029, its share price target would be ₹500, as per stock market analysts.
According to stock market analysts, its share price would be between ₹387 to ₹500 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 387 | 500 |
It also provides helpful services to its customers. It gives technical support and proper guidance to tyre repair shops and vehicle owners so they can follow the correct repair process. The company also helps in choosing the right machines and tools for tyre repair. This makes sure the tyres are fixed safely and correctly. So the company builds trust with its customers and improves the quality of tyre repair work across the country. In 2030, its share price target would be ₹610, as per stock market analysts.
According to stock market analysts, its share price would be between ₹488 to ₹610 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 488 | 610 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 488 | 533 |
| February | 492 | 547 |
| March | 500 | 555 |
| April | 505 | 561 |
| May | 514 | 567 |
| June | 524 | 573 |
| July | 530 | 580 |
| August | 547 | 583 |
| September | 558 | 587 |
| October | 561 | 594 |
| November | 566 | 605 |
| December | 568 | 610 |
It has a strong network across India. It works with more than 1200 retreaders and has over 200 dealers in different places. This large network helps the company reach customers easily and give quick service. It also has many depots to supply products smoothly. Because of this, people in different parts of India can easily get Indag’s products and services. This strong network is an important reason for the company’s growth. In 2040, its share price target would be ₹1526, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1323 to ₹1526 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 1323 | 1526 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1323 | 1368 |
| February | 1335 | 1387 |
| March | 1339 | 1400 |
| April | 1344 | 1411 |
| May | 1356 | 1425 |
| June | 1367 | 1445 |
| July | 1375 | 1462 |
| August | 1382 | 1470 |
| September | 1388 | 1478 |
| October | 1400 | 1490 |
| November | 1425 | 1505 |
| December | 1441 | 1526 |
Its products are used for many types of vehicles like trucks, buses, cars, tractors, and heavy machines used in mining and construction. The company offers different types of tread designs for different road conditions, like highways, city roads, hills, and rough areas. This makes its products useful for many customers. The company makes sure that repaired tyres work well in all conditions. This is why many transport and logistics companies prefer Indag. In 2050, its share price target would be ₹2752, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2545 to ₹2752 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 2545 | 2752 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2545 | 2608 |
| February | 2557 | 2621 |
| March | 2563 | 2632 |
| April | 2578 | 2645 |
| May | 2590 | 2659 |
| June | 2605 | 2674 |
| July | 2612 | 2686 |
| August | 2625 | 2700 |
| September | 2635 | 2711 |
| October | 2647 | 2725 |
| November | 2656 | 2733 |
| December | 2677 | 2752 |
Should I buy Indag Rubber stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 71 | 192 |
| 2027 | 178 | 305 |
| 2028 | 290 | 403 |
| 2029 | 387 | 500 |
| 2030 | 488 | 610 |
| 2040 | 1323 | 1526 |
| 2050 | 2545 | 2752 |
The company has low debt, a regular dividend, and recently better profits, but its main business is growing slowly, sales have been weak, and profit margins are low. It also does not use its money very efficiently, which is a negative point. Overall, the business is stable but not growing much, so it may be suitable only for long-term investors who are comfortable with slow returns and some risk, while others may wait for better performance or choose stronger companies.
Indag Rubber earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 187 | 170 | 167 | 251 | 228 | 209 |
| Expenses + | 171 | 154 | 167 | 234 | 227 | 203 |
| Operating Profit | 16 | 16 | 0 | 17 | 2 | 6 |
| OPM % | 9% | 9% | 0% | 7% | 1% | 3% |
| Other Income + | 5 | -9 | 7 | 10 | 12 | 11 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 4 | 3 | 4 | 5 | 7 | 7 |
| Profit before tax | 17 | 4 | 3 | 20 | 6 | 9 |
| Tax % | 20% | 21% | 18% | 24% | 21% | |
| Net Profit + | 14 | 3 | 2 | 16 | 5 | 7 |
| EPS in Rs | 5.12 | 0.97 | 0.79 | 6.15 | 2.49 | 3.27 |
| Dividend Payout % | 47% | 248% | 304% | 49% | 96% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 28.04 | 1.04 | 2.62% | 40.46 | 5.84 | 0.68% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Indag Rubber Ltd | 36.84 | 1.04 | 2.62% |
| Samvardhana Motherson International Ltd | 33.29 | 3.41 | 0.47% |
| Bosch Ltd | 52.47 | 7.65 | 1.43% |
| Schaeffler India Ltd | 56.72 | 10.79 | 0.84% |
Is Indag Rubber stock good to buy? (bull case & bear case)
Bull Case:
- It has very low or almost no debt, which makes the company safer.
- The company earns around ₹180–₹220+ crore revenue, so the business is stable.
- Profit has improved in recent quarters, which is a good sign.
- It gives around 2–2.5% dividend, so investors get regular income.
- The business is eco-friendly because it helps reuse old tyres and reduce waste.
- It has a strong network of 1200+ retreaders and 200+ dealers across India.
- The stock price is close to its book value, so downside risk may be less.
Bear Case:
- Sales have fallen by around 9–11% recently, which is not a good sign.
- Profit margin is low at around 4–6%, so earnings growth is limited.
- ROE is only around 3–4%, which means returns are not very good.
- Long-term growth is slow at around 4–5%, so the business is not growing fast.
- Some profit comes from other income, not from the main business.
Conclusion
Indag Rubber is a growing company that has low debt, pays regular dividends, has eco-friendly operations, and a wide network across India, but it also has weak areas, such as declining sales, low profit margins, and poor return ratios. Its business is useful and steady, but growth is limited, which means the share price may not increase very fast in the future. Overall, it can be considered a moderate-risk stock that may suit long-term investors who are comfortable with slow and steady returns.
