Rubfila International Limited (RUBFILA) AI Stock Analysis

Rubfila International Limited

(NSE:RUBFILA)

Select Model

Rating:65Neutral

Price Target:INR 56.00▲(5.80% Upside)

Action:reiterated

Date:09/23/26

The score is driven primarily by strong financial resilience from a very conservative balance sheet, offset by margin compression and inconsistent/free cash flow weakness. Valuation is supportive (moderate P/E and ~3% yield), while technicals are neutral-to-slightly weak due to a negative MACD and trading below key longer-term moving averages.

Positive Factors

Very low leverageExtremely low leverage gives Rubfila substantial financial flexibility and reduces exposure to interest costs or refinancing pressure. The strong equity base can support continued operations and selective investment through weaker demand cycles without relying heavily on borrowed capital.

Negative Factors

Margin compressionThe decline in both gross and net margins shows that recent revenue has translated into less profit, weakening operating leverage. If this pressure persists, Rubfila may have less capacity to fund growth, absorb input-cost changes, or deliver improving returns as its capital base expands.

Rubfila International Limited (RUBFILA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.83B
Dividend Yield: 3.80%
Average Volume (3M): 14.78K
Price to Earnings (P/E): 10.7
Beta (1Y): 1.17
Revenue Growth: 4.59%
EPS Growth: -11.30%
Country: India
Employees: 356
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Rubfila International Limited Business Overview & Revenue Model

Company Description

Established in 1993 and headquartered in Palakkad, India, Rubfila International Limited is a manufacturer and global supplier of rubber threads. The company operates through two primary divisions: Heat Resistant Latex Rubber Thread and Corrugated Car...

How the Company Makes Money

Rubfila International Limited makes money primarily by manufacturing and selling rubber thread (and related elastic/rubber-based products) to downstream manufacturers and converters. Its revenue model is largely B2B: it earns income from the volume-b...

Rubfila International Limited Financial Statement Overview

Summary

Financial stability is supported by an exceptionally strong, low-leverage balance sheet (debt-to-equity ~0.003) and steady equity growth. However, operating performance is mixed: revenue growth over FY2024–FY2026 is strong, but TTM revenue is slightly down (~-1.9%) and profitability has compressed (TTM gross margin ~19.2% and net margin ~4.4%, down vs FY2025). Cash flow quality is the main drag, with weaker and more volatile free cash flow (TTM FCF ~106m; materially below FY2025 and negative in FY2026 annual) and only moderate cash conversion.

Income Statement

62Positive

Balance Sheet

88Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.91B	6.02B	5.48B	4.68B	4.55B	3.23B
Gross Profit	1.13B	1.02B	1.44B	1.28B	1.31B	654.47M
EBITDA	421.97M	404.36M	508.54M	379.92M	439.14M	512.05M
Net Income	257.25M	266.12M	294.39M	253.99M	259.53M	334.27M
Balance Sheet
Total Assets	3.81B	3.79B	3.58B	3.30B	3.11B	2.55B
Cash, Cash Equivalents and Short-Term Investments	365.97M	330.53M	460.49M	298.13M	63.13M	114.97M
Total Debt	9.82M	10.13M	11.04M	11.83M	12.56M	6.44M
Total Liabilities	646.35M	690.00M	644.28M	592.70M	588.17M	581.81M
Stockholders Equity	3.16B	3.10B	2.94B	2.71B	2.52B	1.97B
Cash Flow
Free Cash Flow	105.79M	-2.46M	182.26M	238.43M	36.31M	-31.52M
Operating Cash Flow	265.81M	154.84M	253.96M	279.17M	304.02M	186.84M
Investing Cash Flow	-45.88M	-56.28M	-73.99M	-9.31M	-239.23M	-218.10M
Financing Cash Flow	-137.37M	-137.04M	-67.14M	-69.04M	-98.41M	97.92M

Rubfila International Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price52.93

Price Trends

50DMA62.95Negative

100DMA66.50Negative

200DMA67.25Negative

Market Momentum

MACD-3.36Positive

RSI34.47Neutral

STOCH24.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RUBFILA, the sentiment is Negative. The current price of 52.93 is below the 20-day moving average (MA) of 59.22, below the 50-day MA of 62.95, and below the 200-day MA of 67.25, indicating a bearish trend. The MACD of -3.36 indicates Positive momentum. The RSI at 34.47 is Neutral, neither overbought nor oversold. The STOCH value of 24.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RUBFILA.

Rubfila International Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:RUBFILA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DICIND	76Outperform	INR 4.99B	16.36	―	0.55%	11.71%	79.88%
IN:RUBFILA	65Neutral	INR 2.85B	10.75	―	3.80%	4.59%	-11.30%
IN:PODDARMENT	60Neutral	INR 2.79B	18.11	―	1.53%	3.55%	-21.35%
IN:HPAL	58Neutral	INR 2.78B	150.69	―	1.32%	-2.66%	-88.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SUKHJITS	49Neutral	INR 4.42B	9.62	―	0.71%	9.42%	97.19%
IN:SHALPAINTS	46Neutral	INR 6.66B	-9.59	―	―	-10.48%	0.50%

* General Sector Average

Performance Comparison

IN:RUBFILA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:RUBFILA	Rubfila International Limited	52.44	-25.40	-32.63%
IN:DICIND	DIC India Limited	544.00	28.87	5.60%
IN:HPAL	HP Adhesives Ltd.	30.27	-21.42	-41.44%
IN:PODDARMENT	Poddar Pigments Limited	262.80	-8.53	-3.14%
IN:SHALPAINTS	Shalimar Paints Ltd	79.50	1.15	1.47%
IN:SUKHJITS	Sukhjit Starch & Chemicals Ltd.	141.50	-18.52	-11.58%

Rubfila International Limited Corporate Events

Rubfila Confirms SEBI Dematerialisation Compliance for September Quarter

Oct 10, 2026

Rubfila International Limited has reported that it has obtained a compliance certificate from its registrar and share transfer agent, Integrated Registry Management Services, for the quarter ended 30 September 2026 under Regulation 74(5) of the SEBI...

Rubfila Sets Record Date for FY 2025-26 Final Dividend

Sep 16, 2026

Rubfila International Limited has announced that its board has approved a final dividend of Rs.2 per equity share with a face value of Rs.5 for the financial year 2025-26. The company has set 22 September 2026 as the record date to determine sharehol...

Rubfila Files Newspaper AGM Notice with Stock Exchanges

Sep 7, 2026

Rubfila International Limited has notified the stock exchanges that it has published newspaper advertisements related to its 33rd Annual General Meeting scheduled for September 29, 2026, in line with SEBI’s Listing Obligations and Disclosure Re...

Rubfila Publishes Q1 FY2026 Unaudited Results in Newspapers, Files Copy with Exchanges

Aug 19, 2026

Rubfila International Limited has notified the Mumbai and National Stock Exchanges that it has published its unaudited financial results for the quarter ended June 30, 2026 in leading newspapers. The results were advertised on August 13, 2026 in Hind...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 23, 2026

Rubfila International Limited AI Stock Analysis