Elgi Rubber Company shareholders and shareholding pattern

NSE: ELGIRUBCOIndustrial ProductsSmall Cap

₹48.16₹2.27 (4.50%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹50.43.

52-week range of traded prices to 23 Oct 2026

₹32.72Low, 30 Mar 2026₹69.99High, 3 Nov 2025

Market cap: ₹241 Cr2,328th largest listed
P/E: Lossover the last 12 months
P/B: 3.2
Dividend yield: Nonein the last 12 months
ROE: −155.3%
ROE without one-offs: −67.6%
ROCE: −20.1%
Debt to equity: 4.13
Volume, NSE: 18,28855.7% delivered

Who owns Elgi Rubber Company, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters65.03%
Foreign institutionsNone
Indian institutions0.94%
Governments2.36%
Individuals and others31.67%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Sep 2021Filed 12 Oct	Dec 2021Filed 17 Jan	Mar 2022Filed 16 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 9 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 16 Oct
	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%
Indian promoters	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%	65.03%
	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%	34.97%
	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign portfolio investors, category I	–	–	–	–	0.00%	Under 0.01%	0.00%	Under 0.01%	Under 0.01%	0.00%	0.01%	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	–	0.05%	–	Under 0.01%	–
Foreign portfolio investors, category II	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	Under 0.01%
	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
The Hongkong And Shanghai Banking Corp.Ltd.	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
	–	–	–	–	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	1.10%	0.95%	0.95%	0.95%	0.95%	0.94%	0.94%	0.94%	0.94%	0.94%
Mutual funds	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Insurance companies	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.45%	1.10%	0.95%	0.95%	0.95%	0.95%	0.94%	0.94%	0.94%	0.94%	0.94%
	–	–	–	–	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%
State governments	–	–	–	–	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%
	–	–	–	–	31.15%	31.15%	31.15%	31.15%	31.15%	31.15%	31.14%	31.50%	31.66%	31.65%	31.66%	31.66%	31.67%	31.61%	31.67%	31.67%	31.67%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	20.10%	19.89%	20.04%	19.99%	20.32%	19.68%	20.85%	20.44%	20.17%	20.05%	19.81%	19.44%	19.35%	20.23%	21.47%	21.52%	21.67%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	3.33%	3.35%	3.33%	3.43%	2.83%	2.83%	2.83%	3.48%	3.93%	4.13%	4.71%	5.00%	5.26%	4.10%	3.44%	3.44%	3.51%
Companies	–	–	–	–	4.89%	4.97%	4.92%	4.90%	4.85%	4.80%	3.32%	3.37%	3.39%	3.17%	2.94%	3.00%	2.97%	2.98%	2.75%	2.71%	2.60%
Non-resident Indians	–	–	–	–	0.23%	0.23%	0.23%	0.21%	0.31%	0.31%	0.37%	0.35%	0.36%	0.35%	0.40%	0.43%	0.44%	0.47%	0.49%	0.49%	0.64%
Investor education fund	–	–	–	–	1.14%	1.24%	1.24%	1.24%	1.24%	1.30%	1.30%	1.30%	1.30%	1.44%	1.44%	1.44%	1.44%	1.44%	1.38%	1.36%	1.36%
Key managers	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	1.45%	1.47%	1.38%	1.38%	1.60%	2.24%	2.48%	2.57%	2.51%	2.51%	2.35%	2.34%	2.21%	2.39%	2.14%	2.14%	1.89%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%
LLP	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.14%	0.24%	0.15%	–	0.10%	0.15%	0.12%	0.08%	0.08%	0.05%	0.01%	0.08%	0.01%
Hindu undivided families	–	–	–	–	–	1.33%	1.34%	1.35%	1.43%	1.98%	2.31%	2.34%	2.39%	2.34%	2.21%	2.24%	2.10%	2.30%	2.09%	2.00%	1.83%
Clearing Members	–	–	–	–	–	0.13%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.03%	0.02%	0.05%	0.04%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	0.21%	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.51%	21.51%	21.51%
Shares in issue	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000	5,00,50,000

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Elgi Rubber Company shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021Filed 12 Oct	Dec 2021Filed 17 Jan	Mar 2022Filed 16 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 9 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 16 Oct
All shareholders	14,160	13,743	14,027	14,679	14,345	14,143	13,890	13,173	14,432	13,360	14,772	14,539	13,771	16,519	16,790	16,449	16,940	16,592	16,505	16,391	16,840
	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
Indian promoters	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10	10
	14,150	13,733	14,017	14,669	14,335	14,133	13,880	13,163	14,422	13,350	14,762	14,529	13,761	16,509	16,780	16,439	16,930	16,582	16,495	16,381	16,830
	–	–	–	–	1	2	1	2	2	1	2	3	2	3	3	3	2	2	1	2	1
Foreign portfolio investors, category I	–	–	–	–	0	1	0	1	1	0	1	2	1	1	1	1	–	1	–	1	–
Foreign portfolio investors, category II	–	–	–	–	0	0	0	0	0	0	0	0	0	1	1	1	1	–	–	–	1
	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–
The Hongkong And Shanghai Banking Corp.Ltd.	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	–
	–	–	–	–	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Mutual funds	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Insurance companies	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
State governments	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	14,329	14,126	13,874	13,156	14,415	13,344	14,755	14,521	13,754	16,501	16,772	16,431	16,923	16,575	16,489	16,374	16,824
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	13,746	13,555	13,315	12,615	13,845	12,782	14,168	13,964	13,222	15,952	16,215	15,861	16,324	15,976	15,901	15,775	16,186
Resident individuals, over ₹2 lakh at face value	–	–	–	–	6	6	6	6	5	5	5	6	5	5	6	7	8	8	6	6	6
Companies	–	–	–	–	108	107	102	98	100	102	94	85	84	86	77	78	72	73	73	71	79
Non-resident Indians	–	–	–	–	112	111	114	116	129	126	136	135	129	138	145	151	163	161	165	173	191
Investor education fund	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	355	345	335	319	334	327	350	329	312	318	327	332	354	355	342	347	360
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
LLP	–	–	–	–	–	3	3	3	5	6	5	–	10	10	9	7	8	6	4	5	3
Hindu undivided families	–	–	–	–	–	318	320	309	322	314	337	313	294	301	311	318	328	330	319	318	334
Clearing Members	–	–	–	–	–	23	10	5	5	5	6	5	5	5	5	5	17	18	18	23	22
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	8	–	–	–	–	–	–	–	–	–
Trusts	–	–	–	–	–	–	1	1	1	1	1	2	2	1	1	1	–	–	–	–	–

Elgi Rubber Company promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Sudarsan Varadaraj, 47.09%. The filing names 45 more members with no shares.Promoter buying and selling

Holder
Sudarsan VaradarajIndividuals and Hindu undivided families	47.09%	2,35,67,500	29.70%
LRG Technologies LimitedIndian companies, trusts and others	7.08%	35,41,475	0.00%
Varshini VaradarajIndividuals and Hindu undivided families	4.50%	22,52,635	0.00%
Harsha VaradarajIndividuals and Hindu undivided families	4.50%	22,52,637	0.00%
Elgi Equipments LimitedIndian companies, trusts and others	1.53%	7,63,700	0.00%
Jairam VaradarajIndividuals and Hindu undivided families	0.28%	1,41,750	0.00%
Sumanth RamamurthiIndividuals and Hindu undivided families	0.02%	8,792	0.00%
Maya Jay VaradarajIndividuals and Hindu undivided families	0.01%	7,084	0.00%
Anvar Jay VaradarajIndividuals and Hindu undivided families	0.01%	7,084	0.00%
Varun Jay VaradarajIndividuals and Hindu undivided families	0.01%	7,084	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Elgi Rubber Company, filing by filing

Per cent, on the same shares as the split above.

Holder	Sep 2021Filed 12 Oct	Dec 2021Filed 17 Jan	Mar 2022Filed 16 Apr	Jun 2022Filed 12 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 18 Jan	Mar 2023Filed 13 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 18 Jul	Sep 2024Filed 18 Oct	Dec 2024Filed 18 Jan	Mar 2025Filed 9 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 20 Jan	Mar 2026Filed 11 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 16 Oct
Tamilnadu Industrial Investment Corporation LimitedState governments	2.36%	2.36%	2.36%	2.36%	–	–	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%	2.36%
Shamyak Investment Private LimitedCompanies	2.00%	2.00%	2.00%	2.00%	–	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%
Investor Education and Protection Fund Authority Ministry of Corporate AffairsInvestor education fund	–	–	–	–	1.14%	1.14%	–	–	–	–	1.30%	1.30%	1.30%	1.44%	1.44%	1.44%	–	1.44%	1.38%	1.36%	1.36%
Zaki Abbas NasserResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	1.65%	1.85%	1.89%	1.69%	1.49%	–	–	–	–
Investor Education and Protection Fund AuthorityInvestor education fund	–	–	–	–	–	–	–	1.24%	–	–	–	–	–	–	–	–	1.44%	–	–	–	–
Prescient Wealth Management Private LimitedCompanies	1.16%	1.16%	1.16%	1.16%	–	1.16%	1.16%	1.16%	1.16%	1.16%	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.