Modi Naturals Ltd
₹ 407
-0.81%
04 Dec
- close price
About
Incorporated in 1974, Modi Naturals Ltd manufactures and markets oils and deoiled cakes[1]
Key Points
- Market Cap ₹ 541 Cr.
- Current Price ₹ 407
- High / Low ₹ 667 / 320
- Stock P/E 64.6
- Book Value ₹ 79.9
- Dividend Yield 0.00 %
- ROCE 11.2 %
- ROE 7.88 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 5.09 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -2.74% over past five years.
- Company has a low return on equity of 3.67% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 210 | 234 | 271 | 291 | 277 | 295 | 388 | 443 | 474 | 418 | 357 | 338 | 340 | |
| 205 | 230 | 263 | 288 | 274 | 291 | 381 | 430 | 459 | 412 | 352 | 324 | 326 | |
| Operating Profit | 5 | 4 | 9 | 3 | 3 | 4 | 8 | 13 | 15 | 6 | 6 | 13 | 13 |
| OPM % | 2% | 2% | 3% | 1% | 1% | 1% | 2% | 3% | 3% | 1% | 2% | 4% | 4% |
| -0 | 0 | 0 | 2 | 1 | 1 | 0 | 4 | 1 | 2 | 1 | 3 | 3 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 1 | 2 | 4 | 4 | 5 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Profit before tax | 2 | 0 | 4 | 0 | 0 | 2 | 4 | 14 | 13 | 2 | 1 | 10 | 11 |
| Tax % | 50% | -7% | 53% | 107% | 100% | 64% | -28% | 25% | 28% | 40% | 4% | 26% | |
| 1 | 0 | 2 | -0 | 0 | 1 | 5 | 11 | 9 | 1 | 1 | 8 | 8 | |
| EPS in Rs | 0.74 | 0.14 | 1.77 | -0.02 | 0.00 | 0.70 | 3.66 | 8.31 | 7.43 | 0.92 | 0.68 | 5.75 | 6.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -3% |
| 3 Years: | -11% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 47% |
| 5 Years: | 11% |
| 3 Years: | -7% |
| TTM: | 91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 49% |
| 3 Years: | 27% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 4% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 18 | 18 | 20 | 30 | 31 | 40 | 45 | 55 | 65 | 69 | 80 | 87 | 93 |
| 22 | 28 | 35 | 36 | 33 | 31 | 33 | 21 | 51 | 49 | 45 | 30 | 13 | |
| 24 | 19 | 20 | 22 | 23 | 29 | 30 | 33 | 37 | 35 | 31 | 32 | 31 | |
| Total Liabilities | 75 | 77 | 87 | 99 | 97 | 113 | 120 | 121 | 165 | 166 | 169 | 162 | 151 |
| 19 | 18 | 18 | 20 | 19 | 20 | 19 | 19 | 21 | 20 | 18 | 17 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 27 | 35 | 35 | 35 |
| 56 | 59 | 68 | 80 | 78 | 94 | 100 | 102 | 129 | 119 | 116 | 110 | 99 | |
| Total Assets | 75 | 77 | 87 | 99 | 97 | 113 | 120 | 121 | 165 | 166 | 169 | 162 | 151 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5 | -7 | -7 | -8 | 2 | -7 | 1 | 9 | -13 | 12 | 16 | 19 | |
| -1 | -0 | 0 | -2 | -1 | -2 | -1 | 2 | -18 | -14 | -22 | -4 | |
| 4 | 6 | 7 | 11 | -3 | 8 | 1 | -12 | 30 | 2 | 6 | -15 | |
| Net Cash Flow | -1 | -1 | -0 | 1 | -1 | -0 | 1 | -1 | -0 | 1 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18 | 18 | 17 | 12 | 10 | 14 | 15 | 17 | 15 | 17 | 18 | 20 |
| Inventory Days | 84 | 75 | 74 | 94 | 99 | 109 | 83 | 72 | 95 | 98 | 106 | 99 |
| Days Payable | 30 | 18 | 10 | 6 | 7 | 11 | 9 | 8 | 12 | 17 | 16 | 10 |
| Cash Conversion Cycle | 73 | 75 | 80 | 100 | 103 | 112 | 88 | 81 | 98 | 98 | 108 | 109 |
| Working Capital Days | 17 | 16 | 15 | 28 | 29 | 40 | 36 | 42 | 34 | 32 | 43 | 45 |
| ROCE % | 7% | 6% | 12% | 4% | 4% | 6% | 7% | 14% | 14% | 4% | 4% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Nov - Earnings conference call recording uploaded 17 Nov 2025 on Modi Naturals website (link provided).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper publication of Financial Result for the quarter and half year ended 30.09.2025
- Investor Presentation. 14 Nov
- Financial Results For The Quarter And Half Year Ended 30Th September, 2025 14 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT
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Jan 2025TranscriptAI SummaryPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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Jul 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Mar 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Dec 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Mar 2018TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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Jun 2016TranscriptAI SummaryPPT
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Jun 2016TranscriptAI SummaryPPT
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Jan 2016TranscriptAI SummaryPPT
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Dec 2015TranscriptAI SummaryPPT
Business Profile[1]
Modi Naturals Limited is a diversified FMCG and renewable energy company engaged in edible oils, healthy foods, and ethanol production. It is the 3rd Largest Premium Edible Oil Brand and one of the largest makers of Rice Bran Oil in India.