Modi Naturals Ltd

Modi Naturals Ltd

₹ 248 1.18%
27 Feb 2:57 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 325 Cr.
  • Current Price 248
  • High / Low 341 / 195
  • Stock P/E
  • Book Value 61.0
  • Dividend Yield 0.00 %
  • ROCE 3.20 %
  • ROE 1.35 %
  • Face Value 10.0

Pros

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

Cons

  • Stock is trading at 4.12 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.26 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
113.08 113.74 103.96 143.52 100.11 93.36 114.07 110.42 83.70 91.86 104.47
107.17 109.41 100.71 142.16 95.49 91.48 113.19 112.57 81.23 89.58 105.72
Operating Profit 5.91 4.33 3.25 1.36 4.62 1.88 0.88 -2.15 2.47 2.28 -1.25
OPM % 5.23% 3.81% 3.13% 0.95% 4.61% 2.01% 0.77% -1.95% 2.95% 2.48% -1.20%
0.01 0.13 0.39 0.79 0.45 0.17 0.11 1.00 0.16 0.02 0.08
Interest 0.61 0.09 0.22 0.88 1.20 0.65 0.59 1.10 1.31 1.01 2.02
Depreciation 0.37 0.37 0.37 0.30 0.38 0.38 0.39 0.41 0.38 0.39 1.72
Profit before tax 4.94 4.00 3.05 0.97 3.49 1.02 0.01 -2.66 0.94 0.90 -4.91
Tax % 25.71% 25.75% 23.61% 58.76% 25.21% 24.51% 0.00% 12.78% 15.96% 15.56% 14.87%
3.67 2.96 2.33 0.41 2.61 0.76 0.01 -2.32 0.79 0.76 -4.19
EPS in Rs 2.90 2.34 1.84 0.32 2.06 0.60 0.01 -1.83 0.62 0.60 -3.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
443 474 418 390
430 459 412 389
Operating Profit 13 15 5 1
OPM % 3% 3% 1% 0%
4 1 2 1
Interest 1 2 4 5
Depreciation 1 1 2 3
Profit before tax 14 13 2 -6
Tax % 25% 28% 42%
11 9 1 -5
EPS in Rs 8.31 7.40 0.85 -3.81
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -231%
Stock Price CAGR
10 Years: 32%
5 Years: 30%
3 Years: 53%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 13 13 13
Reserves 55 65 66 67
21 51 142 148
33 37 42 37
Total Liabilities 121 165 263 265
19 26 27 27
CWIP 0 0 91 108
Investments 0 0 0 0
102 139 144 130
Total Assets 121 165 263 265

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
9 -13 -6
2 -13 -91
-12 30 95
Net Cash Flow -1 4 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 15 17
Inventory Days 72 95 98
Days Payable 8 12 21
Cash Conversion Cycle 81 98 94
Working Capital Days 58 73 85
ROCE % 14% 3%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
66.88% 66.88% 66.88% 67.36% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 69.09%
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% 1.05% 1.73% 1.73% 1.73% 1.73% 0.06%
32.75% 32.75% 32.86% 32.28% 31.83% 31.83% 31.45% 30.76% 30.78% 30.77% 30.78% 30.85%
No. of Shareholders 4,6935,0525,6856,0316,6386,7126,4456,2686,2055,8616,1356,464

* 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.

Documents

Concalls