Modi Rubber Ltd

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

Modi Rubber Ltd

₹ 97.8 -0.55%
26 Jul - 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
  • Market Cap ₹ 245 Cr.
  • Current Price ₹ 97.8
  • High / Low ₹ 120 / 66.5
  • Stock P/E 15.8
  • Book Value ₹ 262
  • Dividend Yield 0.00 %
  • ROCE 4.43 %
  • ROE 2.40 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.37 times its book value
  • Company has delivered good profit growth of 31.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.77% over last 3 years.
  • Contingent liabilities of Rs.99.3 Cr.
  • Earnings include an other income of Rs.50.7 Cr.
  • Company has high debtors of 365 days.
  • Working capital days have increased from 419 days to 1,411 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.88 0.21 0.62 2.49 1.82 0.50 0.56 1.40 2.86 4.79 4.99 7.22 5.44
5.28 3.35 5.08 7.36 11.14 4.94 5.68 6.85 7.32 8.10 8.18 11.25 13.09
Operating Profit -4.40 -3.14 -4.46 -4.87 -9.32 -4.44 -5.12 -5.45 -4.46 -3.31 -3.19 -4.03 -7.65
OPM % -500.00% -1,495.24% -719.35% -195.58% -512.09% -888.00% -914.29% -389.29% -155.94% -69.10% -63.93% -55.82% -140.62%
7.52 10.49 14.84 13.76 13.43 14.44 16.69 13.27 9.10 10.12 11.42 12.37 16.81
Interest 0.38 0.15 0.14 0.11 0.19 0.13 0.13 0.12 0.11 0.43 0.65 0.57 1.89
Depreciation 0.67 0.65 0.66 0.64 0.66 0.53 0.52 0.54 0.54 0.53 0.71 0.82 0.85
Profit before tax 2.07 6.55 9.58 8.14 3.26 9.34 10.92 7.16 3.99 5.85 6.87 6.95 6.42
Tax % -42.03% 0.00% -1.98% 28.99% -7.98% -4.82% 42.31% -16.62% 19.30% 38.12% 53.71% 19.57% 50.78%
2.94 6.55 9.77 5.78 3.52 9.79 6.30 8.35 3.22 3.61 3.18 5.59 3.16
EPS in Rs 1.17 2.62 3.90 2.31 1.41 3.91 2.52 3.33 1.29 1.44 1.27 2.23 1.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 5 144 146 5 6 5 5 3 5 5 22
24 19 119 127 20 26 21 20 17 27 25 41
Operating Profit -15 -15 25 19 -14 -20 -16 -15 -14 -22 -19 -18
OPM % -157% -331% 17% 13% -279% -339% -304% -313% -503% -425% -366% -81%
48 22 9 11 40 61 33 20 21 53 53 51
Interest 0 0 0 0 0 1 1 1 1 1 0 4
Depreciation 2 1 6 7 1 3 3 3 3 3 2 3
Profit before tax 31 6 27 23 23 37 13 1 4 28 31 26
Tax % 8% 25% 42% 32% -5% 59% 31% 433% -24% 7% 12% 40%
29 5 16 16 24 15 9 -2 5 26 28 16
EPS in Rs 11.50 1.80 6.35 6.40 9.76 6.13 3.62 -0.93 1.85 10.24 11.05 6.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 34%
3 Years: 101%
TTM: 322%
Compounded Profit Growth
10 Years: 17%
5 Years: 32%
3 Years: 34%
TTM: -43%
Stock Price CAGR
10 Years: 18%
5 Years: 21%
3 Years: 10%
1 Year: 43%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 175 179 300 314 370 381 391 382 409 594 613 630
5 3 3 3 4 4 3 3 4 5 21 21
49 42 54 51 41 40 34 30 22 63 67 68
Total Liabilities 254 249 383 393 439 449 453 440 460 687 726 744
15 15 54 60 13 32 29 29 27 216 248 253
CWIP 0 0 11 7 19 0 0 0 0 2 10 10
Investments 129 125 186 187 291 312 347 343 370 403 377 390
110 108 132 139 116 105 77 68 62 67 91 91
Total Assets 254 249 383 393 439 449 453 440 460 687 726 744

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-48 -6 -1 1 0 -13 21 4 -6 -25 -18 -22
46 7 9 -3 -3 25 -25 -6 2 27 24 25
0 -0 -2 -2 1 -0 -1 -0 -1 -1 -1 -4
Net Cash Flow -1 1 6 -4 -3 11 -4 -2 -5 1 6 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 27 30 205 68 30 52 104 21 1,240 365
Inventory Days 138 118 82 96 0
Days Payable 110 96 853 1,132
Cash Conversion Cycle 3 51 55 51 205 68 30 52 104 -749 204 365
Working Capital Days -588 -1,394 7 18 -943 -891 -1,828 -1,730 1,899 -522 370 1,411
ROCE % -0% 2% 11% 6% 6% 4% 2% 0% 2% 5% 5% 4%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.69% 62.69% 62.69% 62.69% 62.69% 62.67% 62.69% 62.69% 59.50% 59.50% 62.69% 62.69%
0.49% 0.43% 0.15% 0.15% 2.15% 2.15% 2.15% 2.15% 2.15% 2.10% 2.10% 2.03%
2.01% 2.01% 2.01% 2.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.81% 34.86% 35.14% 35.14% 35.13% 35.16% 35.15% 35.14% 38.35% 38.41% 35.20% 35.28%
No. of Shareholders 13,24713,35213,61813,61213,49613,28413,18413,11713,15613,55313,91514,099

* 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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Documents

Announcements

Annual reports