Modi Naturals Ltd

Modi Naturals Ltd

₹ 219 1.77%
24 Apr 3:08 p.m.
About

Incorporated in 1974, Modi Naturals Ltd manufactures and markets oils and deoiled cakes[1]

Key Points

Business Verticals[1]
a) Consumer Division:
Premium Edible Oils, Super-Premium Refined Oils, etc.
b) Bulk Business Division:
Rice Bran Oil
c) Ethanol Division:
One of the First Greenfield Grain based Ethanol Distilleries in Chattisgarh

  • Market Cap 287 Cr.
  • Current Price 219
  • High / Low 341 / 188
  • Stock P/E
  • Book Value 61.2
  • Dividend Yield 0.00 %
  • ROCE 4.44 %
  • ROE 1.46 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 1.59% over last quarter.

Cons

  • Stock is trading at 3.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.53% over past five years.
  • Company has a low return on equity of 8.82% over last 3 years.
  • Earnings include an other income of Rs.1.25 Cr.

* 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.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
113.03 135.45 113.08 113.74 103.96 143.52 100.11 93.36 114.07 110.42 83.70 91.86 97.49
110.26 128.77 107.17 109.38 100.71 142.15 95.49 91.49 113.16 112.52 81.18 89.56 98.74
Operating Profit 2.77 6.68 5.91 4.36 3.25 1.37 4.62 1.87 0.91 -2.10 2.52 2.30 -1.25
OPM % 2.45% 4.93% 5.23% 3.83% 3.13% 0.95% 4.61% 2.00% 0.80% -1.90% 3.01% 2.50% -1.28%
0.00 3.94 0.01 0.13 0.39 0.79 0.45 0.18 0.11 1.00 0.16 0.02 0.07
Interest 0.13 0.36 0.61 0.09 0.22 0.88 1.20 0.65 0.59 1.10 1.31 1.01 0.95
Depreciation 0.36 0.30 0.37 0.37 0.37 0.30 0.38 0.38 0.38 0.39 0.36 0.36 0.36
Profit before tax 2.28 9.96 4.94 4.03 3.05 0.98 3.49 1.02 0.05 -2.59 1.01 0.95 -2.49
Tax % 28.51% 24.60% 25.71% 25.56% 23.61% 58.16% 25.21% 24.51% 0.00% 13.13% 14.85% 15.79% 12.05%
1.63 7.51 3.67 2.99 2.33 0.41 2.61 0.77 0.05 -2.26 0.86 0.80 -2.19
EPS in Rs 1.29 5.93 2.90 2.36 1.84 0.32 2.06 0.61 0.04 -1.79 0.68 0.63 -1.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
167 194 210 234 271 291 277 295 388 443 474 418 383
163 188 205 230 263 288 274 291 381 430 459 412 382
Operating Profit 4 6 5 4 9 3 3 4 8 13 15 6 1
OPM % 2% 3% 2% 2% 3% 1% 1% 1% 2% 3% 3% 1% 0%
0 0 -0 0 0 2 1 1 0 4 1 2 1
Interest 2 2 2 3 3 3 3 2 3 1 2 4 4
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 1
Profit before tax 0 3 2 0 4 0 0 2 4 14 13 2 -3
Tax % 62% 33% 50% -7% 53% 107% 100% 64% -28% 25% 28% 40%
0 2 1 0 2 -0 0 1 5 11 9 1 -3
EPS in Rs 0.17 1.83 0.74 0.14 1.77 -0.02 0.00 0.70 3.66 8.31 7.43 0.92 -2.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 2%
TTM: -15%
Compounded Profit Growth
10 Years: -6%
5 Years: %
3 Years: -37%
TTM: -173%
Stock Price CAGR
10 Years: 30%
5 Years: 20%
3 Years: 43%
1 Year: -6%
Return on Equity
10 Years: 6%
5 Years: 8%
3 Years: 9%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 11 11 11 11 11 11 11 13 13 13 13 13 13
Reserves 16 18 18 18 20 20 21 40 45 55 65 66 68
22 18 22 28 35 36 33 31 33 21 51 49 43
7 16 24 19 20 32 33 29 30 33 37 38 33
Total Liabilities 56 63 75 77 87 99 97 113 120 121 165 166 156
20 20 19 18 18 20 19 20 19 19 21 20 19
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 15 27 35
36 43 56 59 68 80 78 94 100 102 129 119 102
Total Assets 56 63 75 77 87 99 97 113 120 121 165 166 156

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 5 -5 -7 -7 -8 2 -7 1 9 -13 12
-1 -1 -1 -0 0 -2 -1 -2 -1 2 -18 -14
3 -5 4 6 7 11 -3 8 1 -12 30 2
Net Cash Flow 3 -1 -1 -1 -0 1 -1 -0 1 -1 -0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 18 12 18 18 17 12 10 14 15 17 15 17
Inventory Days 54 68 84 75 74 94 99 109 83 72 95 98
Days Payable 9 21 30 18 10 6 7 11 9 8 12 17
Cash Conversion Cycle 64 58 73 75 80 100 103 112 88 81 98 98
Working Capital Days 56 47 54 59 61 70 70 77 65 58 73 75
ROCE % 5% 10% 7% 6% 12% 5% 5% 6% 7% 14% 14% 4%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.88% 66.88% 67.36% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 69.09% 69.09%
0.36% 0.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.36% 0.67% 0.67% 1.05% 1.73% 1.73% 1.73% 1.73% 0.06% 0.00%
32.75% 32.86% 32.28% 31.83% 31.83% 31.45% 30.76% 30.78% 30.77% 30.78% 30.85% 30.91%
No. of Shareholders 5,0525,6856,0316,6386,7126,4456,2686,2055,8616,1356,4646,338

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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