Modi Rubber Ltd

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

Modi Rubber Ltd

₹ 128 1.31%
17 Jun 10:49 a.m.
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 ₹ 321 Cr.
  • Current Price ₹ 128
  • High / Low ₹ 168 / 98.4
  • Stock P/E 502
  • Book Value ₹ 270
  • Dividend Yield 0.00 %
  • ROCE 0.63 %
  • ROE 0.09 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.47 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.64% over last 3 years.
  • Earnings include an other income of Rs.34.7 Cr.
  • Company has high debtors of 262 days.
  • Working capital days have increased from 231 days to 502 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3 5 5 7 5 5 6 10 7 7 8 7 12
7 8 8 11 13 9 10 16 14 12 12 15 21
Operating Profit -4 -3 -3 -4 -8 -4 -4 -6 -7 -5 -4 -8 -9
OPM % -156% -69% -64% -56% -141% -68% -60% -55% -105% -72% -53% -104% -76%
9 10 11 12 17 12 14 11 10 11 10 14 -1
Interest 0 0 1 1 2 0 0 0 1 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 6 7 7 6 7 9 4 1 4 5 5 -11
Tax % 19% 38% 54% 20% 51% 8% 31% -55% 18% -9% -0% 1% 22%
3 4 3 6 3 7 6 6 1 5 5 5 -14
EPS in Rs 1.29 1.44 1.27 2.23 1.26 2.71 2.52 2.47 0.46 1.95 1.82 2.03 -5.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
143.78 146.37 5.15 5.93 5.24 4.89 2.77 5.13 5.32 22.44 29.20 34.25
118.98 127.16 19.53 26.05 21.19 20.20 16.70 26.92 24.80 40.55 49.64 60.21
Operating Profit 24.80 19.21 -14.38 -20.12 -15.95 -15.31 -13.93 -21.79 -19.48 -18.11 -20.44 -25.96
OPM % 17.25% 13.12% -279.22% -339.29% -304.39% -313.09% -502.89% -424.76% -366.17% -80.70% -70.00% -75.80%
8.88 11.37 39.56 61.13 32.98 19.59 20.97 52.52 53.49 50.72 47.88 34.69
Interest 0.14 0.21 0.47 0.51 0.58 0.61 0.64 0.59 0.48 3.61 1.99 1.68
Depreciation 6.25 6.90 1.32 3.22 3.34 2.97 2.68 2.60 2.12 2.92 3.52 4.29
Profit before tax 27.29 23.47 23.39 37.28 13.11 0.70 3.72 27.54 31.41 26.08 21.93 2.76
Tax % 41.77% 31.70% -4.53% 58.80% 30.82% 432.86% -23.92% 6.94% 11.94% 40.45% 6.70% 76.81%
15.89 16.03 24.45 15.36 9.06 -2.33 4.62 25.63 27.66 15.53 20.46 0.64
EPS in Rs 6.35 6.40 9.76 6.13 3.62 -0.93 1.85 10.24 11.05 6.20 8.17 0.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -14%
5 Years: 65%
3 Years: 86%
TTM: 17%
Compounded Profit Growth
10 Years: -27%
5 Years: -37%
3 Years: -71%
TTM: -97%
Stock Price CAGR
10 Years: 10%
5 Years: 11%
3 Years: 26%
1 Year: 7%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 2%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 25.04 25.04 25.04 25.04 25.04 25.04 25.04 25.04 25.00 25.00 25.00 25.00
Reserves 300.48 313.58 369.83 381.04 391.31 381.65 408.80 594.00 613.31 629.86 662.51 650.52
3.47 3.03 3.87 3.56 3.22 3.34 4.34 4.60 21.16 20.76 20.51 22.73
53.79 51.31 40.64 39.76 33.83 30.15 21.63 63.23 66.84 68.87 62.88 72.67
Total Liabilities 382.78 392.96 439.38 449.40 453.40 440.18 459.81 686.87 726.31 744.49 770.90 770.92
54.35 59.77 13.03 32.30 29.39 29.47 27.01 215.55 248.44 253.20 250.12 246.19
CWIP 11.03 7.36 19.05 0.00 0.00 0.00 0.25 1.67 10.26 9.52 0.00 0.00
Investments 185.75 186.79 291.08 311.64 346.67 343.15 370.35 402.52 376.82 390.36 411.43 402.27
131.65 139.04 116.22 105.46 77.34 67.56 62.20 67.13 90.79 91.41 109.35 122.46
Total Assets 382.78 392.96 439.38 449.40 453.40 440.18 459.81 686.87 726.31 744.49 770.90 770.92

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1.28 0.86 0.02 -13.33 21.39 4.33 -5.86 -24.64 -18.13 -22.35 -28.92 -23.44
9.29 -2.99 -3.48 24.92 -24.58 -6.32 1.55 26.60 24.47 25.03 35.98 25.71
-1.98 -2.00 0.74 -0.48 -0.63 -0.33 -0.82 -0.68 -0.68 -3.97 -5.52 0.04
Net Cash Flow 6.04 -4.13 -2.73 11.11 -3.82 -2.32 -5.13 1.28 5.67 -1.29 1.54 2.31
Free Cash Flow -11.48 -9.98 -16.64 -14.87 20.91 2.95 -6.31 -29.43 -27.69 -21.47 -30.82 -23.80
CFO/OP 43% 62% -28% 81% -145% -36% 64% 108% 74% 81% 115% 91%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 26.73 29.62 204.83 68.32 29.95 51.50 104.10 21.35 1,240.45 364.67 296.88 262.16
Inventory Days 138.31 117.51 82.21 95.72 105.29 71.29 0.00
Days Payable 110.23 96.12 852.76 1,132.01 1,210.12 971.43
Cash Conversion Cycle 54.82 51.01 204.83 68.32 29.95 51.50 104.10 -749.21 204.16 -740.15 -603.27 262.16
Working Capital Days 0.43 11.97 -942.62 -890.65 -1,827.79 -1,730.20 1,839.49 -589.83 -482.32 54.82 135.62 501.62
ROCE % 10.55% 6.16% 5.78% 3.76% 1.60% 0.26% 1.83% 5.21% 4.89% 3.72% 3.28% 0.63%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Asahi Modi Materials Pvt Ltd - Total Revenue
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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
62.69% 59.50% 59.50% 62.69% 62.69% 62.69% 62.69% 62.69% 62.69% 62.20% 62.20% 62.69%
2.15% 2.15% 2.10% 2.10% 2.03% 2.02% 2.02% 2.00% 2.01% 1.98% 1.98% 2.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
35.14% 38.35% 38.41% 35.20% 35.28% 35.27% 35.28% 35.28% 35.28% 35.81% 35.80% 35.29%
No. of Shareholders 13,11713,15613,55313,91514,09914,10514,09614,19714,46914,25814,57614,237

* 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.

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