Modi Rubber Ltd

Modi Rubber Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Modi Rubber Ltd

₹ 121 0.51%
24 Feb - close price
modigroup.net BSE: 500890 NSE: MODIRUBBER
About

Incorporated in 1971, Modi Rubber Ltd manufactures automobile tyres, tubes & flaps, resin coated sand and operates salons[1]

Key Points

Business Overview:[1][2]
a) MRL is a part of Modi Group. It manufactures and sells tyres for trucks and bus.
b) It has 62 depots and 20 C&F agents, with a network of over 3000 dealers
c) Company sells products under the brand MARATHAN
d) Company also manufactures resin coated sand and operates Salons

Website BSE NSE
  • Market Cap ₹ 304 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 168 / 87.2
  • Stock P/E
  • Book Value ₹ 153
  • Dividend Yield 0.00 %
  • ROCE 0.74 %
  • ROE 0.53 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.79 times its book value
  • Debtor days have improved from 175 to 42.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.18% over last 3 years.
  • Working capital days have increased from -760 days to 252 days

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0.41 1.19 0.64 0.63 0.71 0.77 0.71 0.80 1.25 1.23 1.06 0.93 1.43
5.79 5.44 5.39 5.30 5.30 7.97 5.56 6.63 7.53 7.70 7.47 6.15 9.40
Operating Profit -5.38 -4.25 -4.75 -4.67 -4.59 -7.20 -4.85 -5.83 -6.28 -6.47 -6.41 -5.22 -7.97
OPM % -1,312.20% -357.14% -742.19% -741.27% -646.48% -935.06% -683.10% -728.75% -502.40% -526.02% -604.72% -561.29% -557.34%
1.93 2.26 13.27 30.46 3.50 16.57 3.34 23.07 2.97 1.01 3.31 2.04 7.29
Interest 0.11 0.11 0.11 0.11 0.17 1.51 0.17 0.17 0.16 0.16 0.16 0.15 0.15
Depreciation 0.54 0.54 0.47 0.65 0.79 0.79 0.68 0.71 0.72 1.13 0.99 1.03 1.04
Profit before tax -4.10 -2.64 7.94 25.03 -2.05 7.07 -2.36 16.36 -4.19 -6.75 -4.25 -4.36 -1.87
Tax % -29.51% 12.50% 26.45% 8.39% 81.46% 50.35% 30.08% 17.30% -24.34% -26.96% -11.06% 0.69% 9.63%
-2.89 -2.98 5.83 22.93 -3.72 3.51 -3.07 13.53 -3.17 -4.93 -3.79 -4.39 -2.05
EPS in Rs -1.15 -1.19 2.33 9.16 -1.49 1.40 -1.23 5.40 -1.27 -1.97 -1.51 -1.75 -0.82
Raw PDF

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
4 5 5 5 6 5 5 3 2 3 3 4 5
19 18 19 19 24 21 20 16 23 22 24 27 31
Operating Profit -14 -13 -13 -14 -18 -16 -15 -13 -21 -19 -21 -23 -26
OPM % -318% -243% -244% -276% -299% -299% -286% -439% -971% -691% -771% -586% -561%
18 16 18 20 40 25 27 24 31 33 64 30 14
Interest 0 0 0 0 0 1 1 1 1 0 2 1 1
Depreciation 1 2 1 1 3 3 3 3 3 2 3 3 4
Profit before tax 3 1 4 4 19 5 8 7 7 11 38 3 -17
Tax % 61% -9% -44% -78% 115% 15% 34% -7% 28% 29% 25% 23%
1 1 5 7 -3 5 6 8 5 8 29 2 -15
EPS in Rs 0.50 0.48 2.09 2.77 -1.13 1.84 2.26 3.08 2.09 3.18 11.41 0.94 -6.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -5%
3 Years: 23%
TTM: 32%
Compounded Profit Growth
10 Years: -3%
5 Years: -18%
3 Years: -26%
TTM: -240%
Stock Price CAGR
10 Years: 10%
5 Years: -5%
3 Years: 22%
1 Year: 21%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 3%
Last Year: 1%

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 25 25 25 25 25 25 25 25 25 25 25 25 25
Reserves 111 112 117 135 132 140 143 162 324 326 355 369 357
3 3 3 4 4 3 3 4 4 4 6 6 5
42 38 38 41 40 34 30 22 66 64 62 54 52
Total Liabilities 180 178 183 204 200 202 202 213 419 419 448 453 440
13 13 10 13 32 29 29 27 216 214 218 214 212
CWIP 0 0 5 19 0 0 0 0 2 10 10 0 0
Investments 67 87 82 82 88 101 109 128 138 134 161 170 158
100 78 85 91 80 72 63 58 64 61 60 69 70
Total Assets 180 178 183 204 200 202 202 213 419 419 448 453 440

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
-1 7 -16 -15 -21 -20 -11 -4 -21 -17 -30 -31
1 -8 17 14 32 16 9 -0 23 18 30 33
0 0 -0 1 -0 -1 -0 -1 -1 -0 -1 -1
Net Cash Flow 1 -0 0 -0 11 -4 -2 -5 1 1 -1 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 50 122 171 205 68 30 81 96 51 301 182 43
Inventory Days
Days Payable
Cash Conversion Cycle 50 122 171 205 68 30 81 96 51 301 182 43
Working Capital Days -953 -1,993 -1,773 -2,296 -2,088 -1,964 -1,660 1,608 -1,833 -1,950 -583 252
ROCE % 2% 2% 1% 2% -2% 3% 5% 8% 3% 3% 10% 1%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
62.69% 62.69% 59.50% 59.50% 62.69% 62.69% 62.69% 62.69% 62.69% 62.69% 62.20% 62.20%
2.15% 2.15% 2.15% 2.10% 2.10% 2.03% 2.02% 2.02% 2.00% 2.01% 1.98% 1.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
35.15% 35.14% 38.35% 38.41% 35.20% 35.28% 35.27% 35.28% 35.28% 35.28% 35.81% 35.80%
No. of Shareholders 13,18413,11713,15613,55313,91514,09914,10514,09614,19714,46914,25814,576

* 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

Announcements

Annual reports