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 ₹ 308 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 168 / 87.2
  • Stock P/E 19.6
  • Book Value ₹ 276
  • Dividend Yield 0.00 %
  • ROCE 3.28 %
  • ROE 2.89 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.44 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 3.05% over last 3 years.
  • Earnings include an other income of Rs.46.0 Cr.
  • Company has high debtors of 297 days.
  • Working capital days have increased from -97.3 days to 136 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

Consolidated Figures in Rs. Crores / View Standalone

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
1.40 2.86 4.79 4.99 7.22 5.44 5.34 6.50 10.32 7.04 7.10 7.81 7.32
6.85 7.32 8.10 8.18 11.25 13.09 8.97 10.41 15.96 14.40 12.19 11.98 14.95
Operating Profit -5.45 -4.46 -3.31 -3.19 -4.03 -7.65 -3.63 -3.91 -5.64 -7.36 -5.09 -4.17 -7.63
OPM % -389.29% -155.94% -69.10% -63.93% -55.82% -140.62% -67.98% -60.15% -54.65% -104.55% -71.69% -53.39% -104.23%
13.27 9.10 10.12 11.42 12.37 16.81 12.25 14.26 10.89 10.49 11.03 10.19 14.27
Interest 0.12 0.11 0.43 0.65 0.57 1.89 0.48 0.44 0.47 0.51 0.42 0.38 0.42
Depreciation 0.54 0.54 0.53 0.71 0.82 0.85 0.74 0.78 0.79 1.22 1.04 1.08 1.09
Profit before tax 7.16 3.99 5.85 6.87 6.95 6.42 7.40 9.13 3.99 1.40 4.48 4.56 5.13
Tax % -16.62% 19.30% 38.12% 53.71% 19.57% 50.78% 8.38% 30.78% -55.14% 17.86% -8.93% -0.22% 0.97%
8.35 3.22 3.61 3.18 5.59 3.16 6.79 6.32 6.19 1.16 4.88 4.56 5.08
EPS in Rs 3.33 1.29 1.44 1.27 2.23 1.26 2.71 2.52 2.47 0.46 1.95 1.82 2.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
5 144 146 5 6 5 5 3 5 5 22 29 29
19 119 127 20 26 21 20 17 27 25 41 50 54
Operating Profit -15 25 19 -14 -20 -16 -15 -14 -22 -19 -18 -20 -24
OPM % -331% 17% 13% -279% -339% -304% -313% -503% -425% -366% -81% -70% -83%
22 9 11 40 61 33 20 21 53 53 51 48 46
Interest 0 0 0 0 1 1 1 1 1 0 4 2 2
Depreciation 1 6 7 1 3 3 3 3 3 2 3 4 4
Profit before tax 6 27 23 23 37 13 1 4 28 31 26 22 16
Tax % 25% 42% 32% -5% 59% 31% 433% -24% 7% 12% 40% 7%
5 16 16 24 15 9 -2 5 26 28 16 20 16
EPS in Rs 1.80 6.35 6.40 9.76 6.13 3.62 -0.93 1.85 10.24 11.05 6.20 8.17 6.26
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -15%
5 Years: 43%
3 Years: 79%
TTM: 6%
Compounded Profit Growth
10 Years: 2%
5 Years: 66%
3 Years: -8%
TTM: -30%
Stock Price CAGR
10 Years: 10%
5 Years: -4%
3 Years: 22%
1 Year: 21%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 179 300 314 370 381 391 382 409 594 613 630 663 667
3 3 3 4 4 3 3 4 5 21 21 21 19
42 54 51 41 40 34 30 22 63 67 69 63 63
Total Liabilities 249 383 393 439 449 453 440 460 687 726 744 771 774
15 54 60 13 32 29 29 27 216 248 253 250 248
CWIP 0 11 7 19 0 0 0 0 2 10 10 0 0
Investments 125 186 187 291 312 347 343 370 403 377 390 411 408
108 132 139 116 105 77 68 62 67 91 91 109 119
Total Assets 249 383 393 439 449 453 440 460 687 726 744 771 774

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-6 -1 1 0 -13 21 4 -6 -25 -18 -22 -29
7 9 -3 -3 25 -25 -6 2 27 24 25 36
-0 -2 -2 1 -0 -1 -0 -1 -1 -1 -4 -6
Net Cash Flow 1 6 -4 -3 11 -4 -2 -5 1 6 -1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 27 30 205 68 30 52 104 21 1,240 365 297
Inventory Days 138 118 82 96 105 71
Days Payable 110 96 853 1,132 1,210 971
Cash Conversion Cycle 51 55 51 205 68 30 52 104 -749 204 -740 -603
Working Capital Days -1,596 0 12 -943 -891 -1,828 -1,730 1,839 -590 -482 55 136
ROCE % 2% 11% 6% 6% 4% 2% 0% 2% 5% 5% 4% 3%

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