Modi Rubber

₹101 4 | 4.1%

WEBSITE BSE:500890 NSE : MODI RUBBER 17 May, 09:01

Market Cap ₹253 Cr.

Stock P/E 16.2

P/B 0.5

Current Price ₹101

Book Value ₹ 198.7

Face Value 10

52W High ₹119

Dividend Yield 0%

52W Low ₹ 59

Edit Ratio

Modi Rubber Research see more...

Overview Inc. Year: 1971Industry: Miscellaneous

Modi Rubber Ltd. is a renowned Indian company with a rich history in the rubber manufacturing industry. Established several decades ago, the company has emerged as a leading player in producing a diverse range of rubber products. From automotive components such as tires, tubes, and conveyor belts to industrial rubber goods, Modi Rubber has successfully catered to both domestic and international markets. The company's commitment to innovation, quality, and sustainability has garnered it a solid reputation and a loyal customer base. With state-of-the-art manufacturing facilities and a skilled workforce, Modi Rubber continues to thrive in the competitive market, setting new standards for excellence in the rubber industry.

Modi Rubber Share Price

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Peer Comparison

Modi Rubber Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1	2	2	1	1	1	3	5	5	7
Other Income	2	3	2	1	3	3	3	3	3	5
Total Income	3	5	3	2	4	4	6	7	8	12
Total Expenditure	5	7	11	5	6	7	7	8	8	11
Operating Profit	-3	-2	-8	-3	-2	-3	-2	-1	0	1
Interest	0	0	0	0	0	0	0	0	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	-0	0	0	0	0	0	0	0
Profit Before Tax	-3	-3	-9	-4	-2	-4	-2	-2	-1	-1
Provision for Tax	-0	2	-0	-0	5	-1	1	2	4	1
Profit After Tax	-3	-5	-8	-3	-7	-2	-3	-4	-5	-2
Adjustments	13	11	12	13	13	11	6	8	8	8
Profit After Adjustments	10	6	4	10	6	8	3	4	3	6
Adjusted Earnings Per Share	3.9	2.3	1.4	3.9	2.5	3.3	1.3	1.4	1.3	2.2

Modi Rubber Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	10	5	147	150	5	6	5	5	3	5	5	20
Other Income	48	22	13	11	9	9	20	11	13	8	10	14
Total Income	58	27	160	161	15	15	25	16	16	13	15	33
Total Expenditure	24	19	126	130	20	26	21	20	17	27	25	34
Operating Profit	33	7	34	31	-5	-11	4	-4	-1	-14	-9	-2
Interest	0	0	0	0	0	1	1	1	1	1	0	2
Depreciation	2	1	6	7	1	3	3	3	3	3	2	4
Exceptional Income / Expenses	0	0	0	0	0	21	0	0	-4	-0	0	0
Profit Before Tax	31	6	27	23	-7	6	-0	-7	4	28	31	-6
Provision for Tax	3	1	11	7	-1	22	4	3	-1	2	4	8
Profit After Tax	29	5	16	16	-6	-16	-4	-10	5	26	28	-14
Adjustments	0	0	0	0	30	31	13	8	0	0	0	30
Profit After Adjustments	29	5	16	16	24	15	9	-2	5	26	28	16
Adjusted Earnings Per Share	11.5	1.8	6.3	6.4	9.8	6.1	3.6	-0.9	1.8	10.2	11.1	6.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	0%	-4%	-7%
Operating Profit CAGR	0%	0%	0%	NAN%
PAT CAGR	8%	0%	0%	-0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	60%	10%	21%	19%
ROE Average	6%	4%	2%	3%
ROCE Average	6%	5%	2%	4%

Modi Rubber Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	200	204	326	339	395	406	416	407	434	619	638
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	1	0	4	3	3	3	3	3	7
Other Non-Current Liabilities	-19	-17	-10	-15	-29	-6	-4	-2	-2	40	40
Total Current Liabilities	53	44	56	53	40	40	32	28	22	27	42
Total Liabilities	234	231	372	377	409	443	448	436	456	688	728
Fixed Assets	15	15	54	60	13	32	29	29	27	216	248
Other Non-Current Assets	133	121	155	156	330	322	348	330	312	373	371
Total Current Assets	86	95	164	161	66	88	70	77	117	100	109
Total Assets	234	231	372	377	409	443	448	436	456	688	728

Modi Rubber Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	3	3	9	4	1	12	8	6	1	2
Cash Flow from Operating Activities	-48	-6	-1	1	0	-13	21	4	-6	-25	-18
Cash Flow from Investing Activities	46	-8	-5	-3	-3	25	-25	-6	2	27	24
Cash Flow from Financing Activities	0	-0	-2	-2	1	-0	-1	-0	-1	-1	-1
Net Cash Inflow / Outflow	-1	-13	-9	-4	-3	11	-4	-2	-5	1	6
Closing Cash & Cash Equivalent	3	3	9	5	1	12	8	6	1	2	8

Modi Rubber Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	11.5	1.8	6.35	6.4	9.76	6.13	3.62	-0.93	1.84	10.24	11.06
CEPS(Rs)	12.21	2.28	8.84	9.16	-1.72	-4.99	-0.33	-2.99	2.91	11.27	11.91
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	79.73	81.48	130	135.23	157.69	162.17	166.27	162.42	173.26	188.42	196.46
Core EBITDA Margin(%)	-146.78	-330.13	12.98	11.66	-279.04	-339.62	-304.51	-313.04	-509.67	-424.95	-365.93
EBIT Margin(%)	317.48	133.42	16.89	14.37	-120.64	113.25	8.94	-139.36	157.36	548.74	599
Pre Tax Margin(%)	316.99	132.41	16.8	14.24	-129.84	104.6	-2.19	-151.74	134.39	537.17	590.01
PAT Margin (%)	290.72	99.59	9.78	9.73	-109.34	-265.33	-79.49	-213.58	166.54	499.94	519.48
Cash Profit Margin (%)	308.67	126.04	13.63	13.92	-83.72	-211.03	-15.77	-152.83	263.22	550.61	559.36
ROA(%)	12.74	1.94	5.26	4.28	-1.43	-3.69	-0.93	-2.37	1.03	4.48	3.9
ROE(%)	15.54	2.23	6	4.83	-1.54	-3.93	-1.01	-2.54	1.1	5.66	5.74
ROCE(%)	16.47	2.94	10.24	7.06	-1.68	1.66	0.11	-1.64	1.03	6.17	6.47
Receivable days	1.4	28.06	12.53	24.81	523.35	123.08	53.5	41.62	97.2	38.76	629.99
Inventory Days	27.8	62.82	18.61	33.82	550.4	46.45	0	0	0	0	0
Payable days	0	1672.73	92.99	116.81	0	0	0	0	0	503.28	1064.05
PER(x)	2.05	10.19	4.59	6.93	9.46	13.73	10.94	0	50.67	6.6	5.23
Price/Book(x)	0.3	0.23	0.22	0.33	0.59	0.52	0.24	0.18	0.54	0.36	0.29
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	5.47	6.84	0.42	0.69	45.44	33.77	17.55	14.09	84.34	33.21	29.22
EV/Core EBITDA(x)	1.63	4.28	1.84	3.4	-47.82	-17.8	24.15	-17.92	-285.46	-12.45	-16.59
Net Sales Growth(%)	-57.1	-54.26	3151.24	1.58	-96.56	15.05	-11.63	-6.56	-43.36	84.97	3.84
EBIT Growth(%)	-22.44	-80.78	353.97	-13.67	-126.24	208	-93.02	-1556.51	163.96	545.04	13.35
PAT Growth(%)	-47.36	-84.33	252.24	0.9	-135.13	-179.18	73.52	-151.08	144.16	455.28	7.9
EPS Growth(%)	-47.36	-84.33	252.24	0.9	52.51	-37.19	-40.98	-125.73	297.94	455.27	8.09
Debt/Equity(x)	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.04
Current Ratio(x)	1.6	2.16	2.94	3.01	1.65	2.2	2.16	2.72	5.36	3.72	2.59
Quick Ratio(x)	1.59	2.14	2.65	2.74	1.63	2.18	2.16	2.72	5.36	3.72	2.59
Interest Cover(x)	644.24	132.8	192.5	112.44	-13.11	13.1	0.8	-11.25	6.85	47.44	66.61
Total Debt/Mcap(x)	0.09	0.06	0.05	0.03	0.02	0.02	0.03	0.05	0.01	0.02	0.14

Modi Rubber Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.69	62.69	62.69	62.69	62.67	62.69	62.69	59.5	59.5	62.69
FII	0.43	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.1	0.1
DII	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01
Public	34.86	35.14	35.14	35.14	35.17	35.14	35.14	38.34	38.39	35.2
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.49	1.49	1.57
FII	0.01	0	0	0	0	0	0	0	0	0
DII	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Public	0.87	0.88	0.88	0.88	0.88	0.88	0.88	0.96	0.96	0.88
Others	0	0	0	0	0	0	0	0	0	0
Total	2.5	2.5	2.5	2.5	2.51	2.5	2.5	2.5	2.5	2.5

Pros

Stock is trading at 0.5 times its book value
Company is almost debt free.

Cons

Company has a low return on equity of 4% over the last 3 years.
Debtor days have increased from 503.28 to 1064.05days.
Earnings include an other income of Rs. 10 Cr.

* 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.

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Modi Rubber

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Modi Rubber Research see more...

Overview Inc. Year: 1971Industry: Miscellaneous

Modi Rubber Share Price

Alert Data

Quarterly Price

Peer Comparison

Modi Rubber Quarterly Results

Modi Rubber Profit & Loss

Growth Rates

Modi Rubber Balance Sheet

Modi Rubber Cash Flow

Modi Rubber Ratios

Modi Rubber Shareholding Pattern

Modi Rubber News

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