(i) Mr. Shilp Chotai, aged 32 years, is the Promoter and Managing Director of the Company. He graduated in BSc Biotechnology from Bharati Vidyapeeth, Pune (Maharashtra) in 2010 & did Diploma in Event Management from Pune in 2011. He joined the family business in marketing profile for the manufacturing of Calcium Carbonate in 2008 for M/s Gayatri Minerals when he was only 18 years old. In 2008 sales of family business was 100 M. Tonnes/Month which grew 5 times to 500 M.tonnes/month within 7 years of his joining. Along with this, he also handled marketing and trading for Gypsum Plast Industries also. (ii) Mr. Utsav Chotai, aged 36 years is the Promoter and Whole-Time Director of the Company. He graduated in Bachelor of Business Administration (BBA) in Marketing from Madhvani College (Gujarat) in 2005. He joined the family business in operations profile for the manufacturing of Calcium Carbonate in 2006. In 2016, he along with his brother Mr. Shilp Chotai started a new venture under the name M/s Elements India had started business of rubber profiles and developed business all over India while purchasing rubber profiles directly from M/s Goyal Rubbers. (iii) Mr. Manoj Kumar Aggarwal, aged 43 years, is the Promoter and WholeTime Director of the Company. He is currently pursuing B.A. in Political science from IGNOU. He started doing business in rubber related products in 1996 on his own. He established M/s Goyal Rubbers in 2008 and incorporated company to Public in 2022.  

 

Particulars ( In Lakhs )	9MFY23	2022	2021	2020
Revenue from Operations	1,785	1,673	1,563	656
Other Income	0	0	0	0
Total Revenue	1,785	1,673	1,563	656
Cost of Materials Consumed	1,601	697	573	250
Purchases of Traded Goods	253	792	902	343
Changes in Inventories	-270.00	0.11	-1	0
Employee Benefits Expense	36	22	22	16
Other Expenses	58	38	39	28
EBITDA	105	122	25	96
Depreciation & Amortisation	14	4	5	7
Finance Cost	17	14	2	1
EBIT	91	118	20	10
OPM (%)	5.91%	7.31%	1.66%	14.67%
PBT	73	103	18	9
PAT	85	81	14	6
NPM (%)	4.79%	4.84%	0.93%	1.03%
No.of Shares	57	57	57	57
EPS	1.49	1.41	0.25	0.11
P/E	20.13	21.24	118.47	254.66

 

There are no listed companies in India that engage in a business similar to the Company.

Review and Recommendation of Gayatri Rubber by IZ team is 4/10 1. The company is involved in the business of manufacturing and trading Rubber profile, automobile profile, aluminium profile, and other rubber related components. 2. They supply these rubber components to the dealers of Nalco, Banco, Jindal in aluminum sector and the agents of Motherson Sumi and few other state transports in automobile sector. 3. As of December 31, 2022, they have 16 employees at various levels of the organization and around 30 contract laborers at the manufacturing site. 4. The promoter Mr. Manoj Kumar Aggarwal has over 2 decades of experience of operating in rubber related products and the promoters Mr. Utsav Chotai and Mr. Shilp Chotai both have over a decade of experience in this industry. 5. They have manufacturing unit and registered office in Faridabad at total area of 3 floors each having an area of approximately 4500 sq. ft. 6. 85% revenue comes from manufactured products and 15% comes from trading of products. 7. Revenue has gone up from ~6 Crores in Fy20 to ~16 Crores in Fy22. 8. EBITDA has gone up from ~96 Lakh in Fy20 to ~122 Lakh in Fy22. 9. PAT has gone up from ~6 lac in Fy20 to ~81 Lakh in Fy22. 10. Asking P/E is 20x, which looks fairly priced.

Gayatri Rubbers and Chemicals Limited Plot No. 11, Gali No. 3, Opp. Beri Ka Bagh, Malerna Road Ballabhgarh, Faridabad – 121004 Phone: +91 9766935377 Email: sales@gayatrirubberchemicals.com Website: https://gayatrirubberchemicals.com/