Modi Rubber Ltd

About [ edit ]

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

  • Market Cap 491 Cr.
  • Current Price 196
  • High / Low 196 / 23.0
  • Stock P/E
  • Book Value 165
  • Dividend Yield 0.00 %
  • ROCE 0.26 %
  • ROE -0.45 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -49.15% over past five years.
  • Company has a low return on equity of 0.48% for last 3 years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1.23 1.23 1.35 1.34 1.23 1.01 1.25 1.40 1.03 0.47 0.39
5.18 4.69 5.49 15.77 4.69 4.86 5.68 5.60 8.10 3.91 4.30
Operating Profit -3.95 -3.46 -4.14 -14.43 -3.46 -3.85 -4.43 -4.20 -7.07 -3.44 -3.91
OPM % -321.14% -281.30% -306.67% -1,076.87% -281.30% -381.19% -354.40% -300.00% -686.41% -731.91% -1,002.56%
Other Income 2.56 2.01 5.43 7.23 2.01 18.79 4.06 1.44 1.13 3.55 8.45
Interest 0.04 0.08 0.16 0.31 0.08 0.11 0.08 0.34 0.08 0.11 0.06
Depreciation 0.82 0.72 0.83 0.86 0.72 0.72 0.76 0.77 0.66 0.67 0.68
Profit before tax -2.25 -2.25 0.30 -8.37 -2.25 14.11 -1.21 -3.87 -6.68 -0.67 3.80
Tax % 0.00% 0.00% 0.00% -48.27% 0.00% 0.00% 0.83% -78.55% 0.00% 0.00% -0.53%
Net Profit -2.25 -2.25 0.29 -12.42 -2.25 14.11 -1.20 -6.90 -6.67 -0.67 3.81
EPS in Rs -0.90 -0.90 0.12 -4.96 -0.90 5.63 -0.48 -2.76 -2.66 -0.27 1.52
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 2 358 -7 9 5 144 146 5 6 5 5 3
10 18 385 27 24 19 122 127 20 26 21 20 22
Operating Profit -10 -16 -26 -34 -15 -15 22 19 -14 -20 -16 -15 -19
OPM % -959% -7% -157% -331% 15% 13% -279% -339% -304% -313% -566%
Other Income 172 85 33 76 48 22 12 11 40 61 33 20 15
Interest 5 4 19 2 0 0 0 0 0 1 1 1 1
Depreciation 5 3 8 2 2 1 6 7 1 3 3 3 3
Profit before tax 152 61 -21 38 31 6 27 23 23 37 13 1 -7
Tax % 0% 9% 0% -43% 8% 25% 42% 32% -5% 59% 31% 433%
Net Profit 151 55 -21 55 29 5 16 16 24 15 9 -2 -10
EPS in Rs 60.48 22.12 -8.49 21.84 11.50 1.80 6.35 6.40 9.76 6.13 3.62 -0.93 -4.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-35%
5 Years:-49%
3 Years:-2%
TTM:-32%
Compounded Profit Growth
10 Years:7%
5 Years:%
3 Years:%
TTM:-345%
Stock Price CAGR
10 Years:13%
5 Years:35%
3 Years:30%
1 Year:571%
Return on Equity
10 Years:%
5 Years:2%
3 Years:0%
Last Year:-0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
25 25 25 25 25 25 25 25 25 25 25 25 25
Reserves 21 76 55 146 175 179 300 314 370 381 391 382 387
Borrowings 48 11 171 6 5 3 3 3 4 4 3 3 3
106 77 92 56 49 42 54 51 41 40 34 30 30
Total Liabilities 200 189 343 233 254 249 383 393 439 449 453 440 445
26 28 76 16 15 15 54 60 13 32 29 29 28
CWIP 43 54 7 0 0 0 11 7 19 0 0 0 0
Investments 51 42 42 137 129 125 186 187 291 312 347 343 344
80 64 218 79 110 108 132 139 116 105 77 68 72
Total Assets 200 189 343 233 254 249 383 393 439 449 453 440 445

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-13 -68 -83 77 -48 -6 -1 1 0 -13 21 4
12 45 7 -11 46 7 9 -3 -3 25 -25 -6
-0 22 74 -63 0 -0 -2 -2 1 -0 -1 -0
Net Cash Flow -1 -1 -2 3 -1 1 6 -4 -3 11 -4 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Sep 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 380% -7% -11% -12% -0% 2% 11% 6% 6% 4% 2% 0%
Debtor Days 0 60 -1 3 51 27 30 205 68 30 52
Inventory Turnover 0.00 0.05 4.96 0.01 0.97 1.21 7.83 4.61 0.14 1.47 1.88 1.81

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69 62.69
0.00 0.00 0.61 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49
2.93 2.93 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01 2.01
34.38 34.38 34.68 34.80 34.80 34.80 34.81 34.81 34.81 34.81 34.81 34.81

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