Modi Rubber Ltd

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

Modi Rubber Ltd

₹ 127 0.06%
22 Nov - 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 - BE
  • Market Cap ₹ 318 Cr.
  • Current Price ₹ 127
  • High / Low ₹ 157 / 79.1
  • Stock P/E 31.0
  • Book Value ₹ 166
  • Dividend Yield 0.00 %
  • ROCE 9.53 %
  • ROE 6.92 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.77 times its book value
  • Company has delivered good profit growth of 43.9% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -12.1% over past five years.
  • Company has a low return on equity of 3.87% over last 3 years.
  • Earnings include an other income of Rs.46.5 Cr.
  • Company has high debtors of 182 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1 1 1 1 1 0 1 1 1 1 1 1 1
5 5 10 5 5 6 5 5 5 5 8 6 7
Operating Profit -4 -5 -9 -4 -5 -5 -4 -5 -5 -5 -7 -5 -6
OPM % -632% -653% -1,752% -762% -871% -1,312% -357% -742% -741% -646% -935% -683% -729%
18 2 10 1 27 2 2 13 30 4 17 3 23
Interest 0 0 0 0 0 0 0 0 0 0 2 0 0
Depreciation 1 1 1 1 1 1 1 0 1 1 1 1 1
Profit before tax 13 -3 0 -4 22 -4 -3 8 25 -2 7 -2 16
Tax % -1% 67% -48% -12% 21% -30% 12% 26% 8% 81% 50% 30% 17%
13 -6 0 -3 17 -3 -3 6 23 -4 4 -3 14
EPS in Rs 5.05 -2.24 0.17 -1.37 6.89 -1.15 -1.19 2.33 9.16 -1.49 1.40 -1.23 5.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 18m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
9 4 5 5 5 6 5 5 3 2 3 3 3
24 19 18 19 19 24 21 20 16 23 22 24 25
Operating Profit -14 -14 -13 -13 -14 -18 -16 -15 -13 -21 -19 -21 -22
OPM % -153% -318% -243% -244% -276% -299% -299% -286% -439% -971% -691% -771% -752%
44 18 16 18 20 40 25 27 24 31 33 64 46
Interest 0 0 0 0 0 0 1 1 1 1 0 2 2
Depreciation 2 1 2 1 1 3 3 3 3 3 2 3 3
Profit before tax 28 3 1 4 4 19 5 8 7 7 11 38 19
Tax % 4% 61% -9% -44% -78% 115% 15% 34% -7% 28% 29% 25%
27 1 1 5 7 -3 5 6 8 5 8 29 10
EPS in Rs 10.89 0.50 0.48 2.09 2.77 -1.13 1.84 2.26 3.08 2.09 3.18 11.41 4.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -12%
3 Years: -3%
TTM: 4%
Compounded Profit Growth
10 Years: 35%
5 Years: 44%
3 Years: 24%
TTM: -55%
Stock Price CAGR
10 Years: 20%
5 Years: 28%
3 Years: 17%
1 Year: 42%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 4%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 25 25 25 25 25 25 25 25 25 25 25 25 25
Reserves 109 111 112 117 135 132 140 143 162 324 326 355 390
5 3 3 3 4 4 3 3 4 4 4 6 6
49 42 38 38 41 40 34 30 22 66 64 62 67
Total Liabilities 188 180 178 183 204 200 202 202 213 419 419 448 487
15 13 13 10 13 32 29 29 27 216 214 218 217
CWIP 0 0 0 5 19 0 0 0 0 2 10 10 10
Investments 54 67 87 82 82 88 101 109 128 138 134 161 194
119 100 78 85 91 80 72 63 58 64 61 60 67
Total Assets 188 180 178 183 204 200 202 202 213 419 419 448 487

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-30 -1 7 -16 -15 -21 -20 -11 -4 -21 -17 -30
28 1 -8 17 14 32 16 9 -0 23 18 30
-0 0 0 -0 1 -0 -1 -0 -1 -1 -0 -1
Net Cash Flow -3 1 -0 0 -0 11 -4 -2 -5 1 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3 50 122 171 205 68 30 81 96 51 301 182
Inventory Days
Days Payable
Cash Conversion Cycle 3 50 122 171 205 68 30 81 96 51 301 182
Working Capital Days -67 -748 -1,818 -1,604 -2,296 -2,088 -1,964 -1,660 1,663 -1,784 -1,927 -480
ROCE % -2% 2% 2% 1% 2% -2% 3% 5% 8% 3% 3% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.69% 62.69% 62.69% 62.69% 62.67% 62.69% 62.69% 59.50% 59.50% 62.69% 62.69% 62.69%
0.43% 0.15% 0.15% 2.15% 2.15% 2.15% 2.15% 2.15% 2.10% 2.10% 2.03% 2.02%
2.01% 2.01% 2.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
34.86% 35.14% 35.14% 35.13% 35.16% 35.15% 35.14% 38.35% 38.41% 35.20% 35.28% 35.27%
No. of Shareholders 13,35213,61813,61213,49613,28413,18413,11713,15613,55313,91514,09914,105

* 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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