Modi Rubber Ltd
Incorporated in 1971, Modi Rubber Ltd manufactures automobile tyres, tubes & flaps, resin coated sand and operates salons[1]
- Market Cap ₹ 245 Cr.
- Current Price ₹ 97.8
- High / Low ₹ 120 / 66.5
- Stock P/E 8.58
- Book Value ₹ 152
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 7.82 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.65 times its book value
- Company has delivered good profit growth of 47.5% 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 4.20% over last 3 years.
- Contingent liabilities of Rs.99.2 Cr.
- Earnings include an other income of Rs.63.8 Cr.
- Company has high debtors of 182 days.
- Working capital days have increased from 1,067 days to 6,912 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 4 | 5 | 5 | 5 | 6 | 5 | 5 | 3 | 2 | 3 | 3 | |
24 | 19 | 18 | 19 | 19 | 24 | 21 | 20 | 16 | 23 | 22 | 24 | |
Operating Profit | -14 | -14 | -13 | -13 | -14 | -18 | -16 | -15 | -13 | -21 | -19 | -21 |
OPM % | -153% | -318% | -243% | -244% | -276% | -299% | -299% | -286% | -439% | -971% | -691% | -771% |
44 | 18 | 16 | 18 | 20 | 40 | 25 | 27 | 24 | 31 | 33 | 64 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 2 |
Depreciation | 2 | 1 | 2 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
Profit before tax | 28 | 3 | 1 | 4 | 4 | 19 | 5 | 8 | 7 | 7 | 11 | 38 |
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 | |
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 |
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: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 48% |
3 Years: | 29% |
TTM: | 269% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 21% |
3 Years: | 10% |
1 Year: | 43% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 8% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
5 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 6 | |
49 | 42 | 38 | 38 | 41 | 40 | 34 | 30 | 22 | 66 | 64 | 61 | |
Total Liabilities | 188 | 180 | 178 | 183 | 204 | 200 | 202 | 202 | 213 | 419 | 419 | 447 |
15 | 13 | 13 | 10 | 13 | 32 | 29 | 29 | 27 | 216 | 214 | 218 | |
CWIP | 0 | 0 | 0 | 5 | 19 | 0 | 0 | 0 | 0 | 2 | 10 | 10 |
Investments | 54 | 67 | 87 | 82 | 82 | 88 | 101 | 109 | 128 | 138 | 134 | 161 |
119 | 100 | 78 | 85 | 91 | 80 | 72 | 63 | 58 | 64 | 61 | 59 | |
Total Assets | 188 | 180 | 178 | 183 | 204 | 200 | 202 | 202 | 213 | 419 | 419 | 447 |
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 | 141 | 182 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 3 | 50 | 122 | 171 | 205 | 68 | 30 | 81 | 96 | 51 | 141 | 182 |
Working Capital Days | -67 | -748 | -1,818 | -1,604 | -2,296 | -2,088 | -1,964 | -1,660 | 1,663 | -1,784 | -1,927 | 6,912 |
ROCE % | -2% | 2% | 2% | 1% | 2% | -2% | 3% | 5% | 8% | 3% | 3% | 11% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
22 Jul - Compliance Certificate under regulation 74(5) of DP Regulations
- Closure of Trading Window 1 Jul
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Financial Results For Year Ending 31St March 2024 28 May
- Board Meeting Outcome for Outcome Of Board Meeting Held On 28 May 2024 28 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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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