Modi Naturals Ltd
Modi Naturals Ltd operates across branded consumer foods and edible oils, bulk rice
-bran products and grain-based ethanol.
The company's edible-oil operations trace
back to rice-bran processing. The consumer portfolio now covers premium oils and packaged foods, while ethanol is now manufactured through Modi Biotech
Pvt Ltd, a wholly owned subsidiary.[1][2][3]
- Market Cap ₹ 448 Cr.
- Current Price ₹ 337
- High / Low ₹ 526 / 252
- Stock P/E 9.22
- Book Value ₹ 129
- Dividend Yield 0.00 %
- ROCE 22.2 %
- ROE 30.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 40.0% CAGR over last 5 years
Cons
- Stock is trading at 2.60 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 443 | 474 | 418 | 399 | 663 | 719 | 720 | |
| 430 | 459 | 412 | 390 | 607 | 645 | 642 | |
| Operating Profit | 13 | 15 | 5 | 9 | 56 | 74 | 78 |
| OPM % | 2.9% | 3.2% | 1.3% | 2.3% | 8% | 10% | 11% |
| 4 | 1 | 2 | 1 | 1 | 6 | 5 | |
| Interest | 1 | 2 | 4 | 7 | 12 | 8 | 9 |
| Depreciation | 1 | 1 | 2 | 4 | 8 | 8 | 9 |
| Profit before tax | 14 | 13 | 2 | -2 | 38 | 64 | 66 |
| Tax % | 25% | 28% | 42% | -21% | 18% | 21% | |
| 11 | 9 | 1 | -1 | 31 | 50 | 52 | |
| EPS in Rs | 8.31 | 7.40 | 0.85 | -1.04 | 23.32 | 37.79 | 39.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 20% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 248% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 24% |
| 3 Years: | 12% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 22% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 55 | 65 | 69 | 77 | 108 | 159 |
| 21 | 51 | 142 | 170 | 149 | 161 | |
| 33 | 37 | 38 | 46 | 59 | 73 | |
| Total Liabilities | 121 | 165 | 263 | 306 | 330 | 407 |
| 19 | 26 | 27 | 149 | 145 | 214 | |
| CWIP | 0 | 0 | 91 | 0 | 16 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 102 | 139 | 144 | 157 | 169 | 174 | |
| Total Assets | 121 | 165 | 263 | 306 | 330 | 407 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 9 | -13 | -6 | -7 | 49 | 61 | |
| 2 | -13 | -91 | -32 | -28 | -72 | |
| -12 | 30 | 95 | 37 | -21 | 124 | |
| Net Cash Flow | -1 | 4 | -2 | -2 | -0 | 113 |
| Free Cash Flow | 11 | -26 | -96 | -40 | 21 | -19 |
| CFO/OP | 87% | -63% | -35% | -65% | 90% | 96% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 17 | 15 | 17 | 25 | 26 | 24 |
| Inventory Days | 72 | 95 | 98 | 125 | 66 | 64 |
| Days Payable | 8 | 12 | 21 | 33 | 22 | 23 |
| Cash Conversion Cycle | 81 | 98 | 94 | 117 | 70 | 65 |
| Working Capital Days | 42 | 34 | 37 | 26 | 14 | 31 |
| ROCE % | 14% | 3% | 2% | 19% | 22% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Oct 2021 | Nov 2022 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Branded Consumer Revenue Rs Cr |
|
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| Number of Manufacturing Units units |
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| Direct Retail Outlet Reach outlets |
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| Modern Retail Outlets outlets |
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| Number of Distributors distributors |
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| Ethanol Installed Capacity KLPD |
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| Ethanol Order Book from OMCs Rs Cr |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Subsidiary receives additional 1.98 crore litres ethanol allocation worth ₹140 crore for ESY 2025-26, supply till October 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Financial Results For The Quarter Ended 30Th June, 2026
- Board approved Q1 FY2027 standalone and consolidated results on 14 Aug 2026; consolidated PAT rose to ₹1,250.12 lakh.
-
Board Meeting Outcome for Outcome Of Meeting Of Board Held On 14.08.2026
- Board approved Q1 FY27 standalone and consolidated results on 14 Aug 2026; consolidated profit was ₹1,250.12 lakh.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT
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Nov 2024Transcript PPT
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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 Ltd 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.