Modi Naturals Ltd

₹ 202 0.90%
19 Aug - close price
About

Modi Naturals Limited is engaged in the business of manufacturing and marketing of Edible Oils and Fast Moving Consumer Goods (FMCG). [1]

Key Points

Brand & Product Portfolio
Edible Oil- The Co’s flagship brand is the Oleev Oil Brand which includes products like Oleev Extra Virgin Oil, Oleev Extra Light Oil, Oleev Active, Oleev Health etc. The Co’s health care brand is Olivana Wellness and other brands include Rizola and Canola Miller.
Ready-to-cook: The Co also owns the ‘PIPO Popcorn’ Brand in the ready-to-cook food category and provides a variety of flavored popcorns like Classic Salted, Chilli Surprise etc. In the non-branded segment, it manufactures and markets Rice Bran oil, Rice Bran wax and De-oiled cakes. [1]

  • Market Cap 255 Cr.
  • Current Price 202
  • High / Low 300 / 95.0
  • Stock P/E 30.6
  • Book Value 61.0
  • Dividend Yield 0.00 %
  • ROCE 13.7 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 149% CAGR over last 5 years

Cons

  • Stock is trading at 3.31 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.7% for last 3 years.

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
73.88 97.39 122.59 94.48 104.41 89.81 113.03 135.45 113.08 113.74 103.96 143.52 100.11
72.40 96.00 121.32 91.24 102.51 88.46 110.26 128.77 107.17 109.38 100.71 142.15 95.49
Operating Profit 1.48 1.39 1.27 3.24 1.90 1.35 2.77 6.68 5.91 4.36 3.25 1.37 4.62
OPM % 2.00% 1.43% 1.04% 3.43% 1.82% 1.50% 2.45% 4.93% 5.23% 3.83% 3.13% 0.95% 4.61%
0.00 0.00 0.00 0.31 0.00 0.00 0.00 3.94 0.01 0.13 0.39 0.79 0.45
Interest 0.72 0.63 0.40 0.95 0.58 0.22 0.13 0.36 0.61 0.09 0.22 0.88 1.20
Depreciation 0.34 0.32 0.31 0.41 0.37 0.36 0.36 0.30 0.37 0.37 0.37 0.30 0.38
Profit before tax 0.42 0.44 0.56 2.19 0.95 0.77 2.28 9.96 4.94 4.03 3.05 0.98 3.49
Tax % 0.00% 0.00% 44.64% -57.99% 15.79% 25.97% 28.51% 24.60% 25.71% 25.56% 23.61% 58.16% 25.21%
Net Profit 0.42 0.44 0.31 3.46 0.81 0.57 1.63 7.51 3.67 2.99 2.33 0.41 2.61
EPS in Rs 0.33 0.35 0.24 2.73 0.64 0.45 1.29 5.93 2.90 2.36 1.84 0.32 2.06

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
111 167 194 210 234 271 291 277 295 388 443 474 461
108 163 188 205 230 263 288 274 291 381 430 459 448
Operating Profit 3 4 6 5 4 9 3 3 4 8 13 15 14
OPM % 2% 2% 3% 2% 2% 3% 1% 1% 1% 2% 3% 3% 3%
-0 0 0 -0 0 0 2 1 1 0 4 1 2
Interest 1 2 2 2 3 3 3 3 2 3 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 0 0 3 2 0 4 0 0 2 4 14 13 12
Tax % -100% 62% 33% 50% -7% 53% 107% 100% 64% -28% 25% 28%
Net Profit 0 0 2 1 0 2 -0 0 1 5 11 9 8
EPS in Rs 0.04 0.17 1.83 0.74 0.14 1.77 -0.02 0.00 0.70 3.66 8.31 7.43 6.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 10%
3 Years: 17%
TTM: 2%
Compounded Profit Growth
10 Years: 48%
5 Years: 149%
3 Years: 119%
TTM: -38%
Stock Price CAGR
10 Years: 30%
5 Years: 8%
3 Years: 83%
1 Year: 60%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 11 11 11 11 11 11 11 13 13 13 13
Reserves 14 16 18 18 18 20 20 21 40 45 55 65
19 22 18 22 28 35 36 33 31 33 21 51
6 7 16 24 19 20 32 33 29 30 33 37
Total Liabilities 50 56 63 75 77 87 99 97 113 120 121 165
20 20 20 19 18 18 20 19 20 19 19 21
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 15
29 36 43 56 59 68 80 78 94 100 102 129
Total Assets 50 56 63 75 77 87 99 97 113 120 121 165

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-3 1 5 -5 -7 -7 -8 2 -7 1 9 -13
-4 -1 -1 -1 -0 0 -2 -1 -2 -1 2 -18
6 3 -5 4 6 7 11 -3 8 1 -12 30
Net Cash Flow -0 3 -1 -1 -1 -0 1 -1 -0 1 -1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 10 18 12 18 18 17 12 10 14 15 17 15
Inventory Days 86 54 68 84 75 74 94 99 109 83 72 92
Days Payable 8 9 21 30 18 10 6 7 11 9 8 12
Cash Conversion Cycle 87 64 58 73 75 80 100 103 112 88 81 94
Working Capital Days 78 56 47 54 59 61 70 70 77 65 58 73
ROCE % 4% 5% 10% 7% 6% 12% 5% 5% 6% 7% 14% 14%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
65.72 65.76 66.13 66.13 66.32 66.58 66.88 66.88 66.88 67.36 67.50 67.50
0.58 0.58 0.58 0.58 0.56 0.35 0.36 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
33.70 33.66 33.29 33.29 33.12 33.06 32.75 32.75 32.86 32.28 31.83 31.83

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