Modi Rubber Ltd

About

Modi Rubber Limited is an India-based company engaged in operating rental and real estate, guest house, and tubes and tires businesses.

  • Market Cap 205 Cr.
  • Current Price 81.8
  • High / Low 216 / 25.4
  • Stock P/E 12.5
  • Book Value 173
  • Dividend Yield 0.00 %
  • ROCE 1.87 %
  • ROE 1.56 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.47 times its book value

Cons

  • The company has delivered a poor sales growth of -54.77% over past five years.
  • Company has a low return on equity of 0.70% for last 3 years.
  • Contingent liabilities of Rs.138.10 Cr.
  • Earnings include an other income of Rs.30.01 Cr.
  • Debtor days have increased from 61.85 to 104.10 days.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
1.23 1.35 1.34 1.23 1.01 1.25 1.40 1.03 0.47 0.39 0.88 0.21
4.69 5.49 15.77 4.69 4.86 5.68 5.60 8.10 3.91 4.30 5.28 3.35
Operating Profit -3.46 -4.14 -14.43 -3.46 -3.85 -4.43 -4.20 -7.07 -3.44 -3.91 -4.40 -3.14
OPM % -281.30% -306.67% -1,076.87% -281.30% -381.19% -354.40% -300.00% -686.41% -731.91% -1,002.56% -500.00% -1,495.24%
Other Income 2.01 5.43 7.23 2.01 18.79 4.06 1.44 1.13 3.55 8.45 7.52 10.49
Interest 0.08 0.16 0.31 0.08 0.11 0.08 0.34 0.08 0.11 0.06 0.38 0.15
Depreciation 0.72 0.83 0.86 0.72 0.72 0.76 0.77 0.66 0.67 0.68 0.67 0.65
Profit before tax -2.25 0.30 -8.37 -2.25 14.11 -1.21 -3.87 -6.68 -0.67 3.80 2.07 6.55
Tax % -0.00% -0.00% -48.27% -0.00% -0.00% 0.83% -78.55% -0.00% -0.00% -0.53% -42.03% -0.00%
Net Profit -2.25 0.29 -12.42 -2.25 14.11 -1.20 -6.90 -6.67 -0.67 3.81 2.94 6.55
EPS in Rs -0.90 0.12 -4.96 -0.90 5.63 -0.48 -2.76 -2.66 -0.27 1.52 1.17 2.62

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
2 358 -7 9 5 144 146 5 6 5 5 3 2
91 403 27 24 19 119 127 20 26 21 20 17 17
Operating Profit -89 -45 -34 -15 -15 25 19 -14 -20 -16 -15 -14 -15
OPM % -5,194% -13% -157% -331% 17% 13% -279% -339% -304% -313% -510% -764%
Other Income 157 51 76 48 22 9 11 40 61 33 20 21 30
Interest 4 19 2 0 0 0 0 0 1 1 1 1 1
Depreciation 3 8 2 2 1 6 7 1 3 3 3 3 3
Profit before tax 61 -21 38 31 6 27 23 23 37 13 1 4 12
Tax % 9% -0% -43% 8% 25% 42% 32% -5% 59% 31% 433% -24%
Net Profit 55 -21 55 29 5 16 16 24 15 9 -2 5 13
EPS in Rs 22.12 -8.49 21.84 11.50 1.80 6.35 6.40 9.76 6.13 3.62 -0.93 1.85 5.04
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:%
5 Years:-55%
3 Years:-22%
TTM:-58%
Compounded Profit Growth
10 Years:%
5 Years:-14%
3 Years:20%
TTM:2579%
Stock Price CAGR
10 Years:10%
5 Years:15%
3 Years:13%
1 Year:208%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:1%
Last Year:2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
25 25 25 25 25 25 25 25 25 25 25 25
Reserves 76 55 146 175 179 300 314 370 381 391 382 409
Borrowings 11 171 6 5 3 3 3 4 4 3 3 3
77 92 56 49 42 54 51 41 40 34 30 23
Total Liabilities 189 343 233 254 249 383 393 439 449 453 440 460
28 76 16 15 15 54 60 13 32 29 29 27
CWIP 54 7 -0 -0 0 11 7 19 -0 -0 -0 0
Investments 42 42 137 129 125 186 187 291 312 347 343 370
64 218 79 110 108 132 139 116 105 77 68 62
Total Assets 189 343 233 254 249 383 393 439 449 453 440 460

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-68 -83 77 -48 -6 -1 1 0 -13 21 4 -6
45 7 -11 46 7 9 -3 -3 25 -25 -6 2
22 74 -63 0 -0 -2 -2 1 -0 -1 -0 -1
Net Cash Flow -1 -2 3 -1 1 6 -4 -3 11 -4 -2 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days -0 60 -1 3 51 27 30 205 68 30 52 104
Inventory Days 7,007 128 -42 138 118
Days Payable 8,422 65 110 96
Cash Conversion Cycle -1,414 123 -42 3 51 55 51 205 68 30 52 104
Working Capital Days -3,701 126 -2,510 -586 -1,387 7 19 -921 -870 -1,856 -1,755 12,166
ROCE % -7% -11% -12% -0% 2% 11% 6% 6% 4% 2% 0% 2%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69
0.61 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49
2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01
34.68 34.80 34.80 34.80 34.81 34.81 34.81 34.81 34.81 34.81 34.81 34.81

Documents