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Last Updated: April 2, 2026, 3:21 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500890 | NSE: MODIRUBBER

Modi Rubber Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹119.11Fairly Valued by 3.57%vs CMP ₹115.00

P/E (18.3) × ROE (2.9%) × BV (₹276.00) × DY (2.00%)

₹115.68Fairly Valued by 0.59%vs CMP ₹115.00
MoS: +0.6% (Thin)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹107.9527%Fair (-6.1%)
Graham NumberEarnings₹197.1720%Under (+71.5%)
Earnings PowerEarnings₹61.4013%Over (-46.6%)
DCFCash Flow₹55.6116%Over (-51.6%)
Net Asset ValueAssets₹277.289%Under (+141.1%)
Earnings YieldEarnings₹62.609%Over (-45.6%)
Revenue MultipleRevenue₹17.437%Over (-84.8%)
Consensus (7 models)₹115.68100%Fairly Valued
Key Drivers: ROE 2.9% is below cost of equity. | Wide model spread (₹17–₹277) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -9.4%

*Investments are subject to market risks

Investment Snapshot

52
Modi Rubber Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 3.3% WeakROE 2.9% WeakD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 62.2% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-396% → -76%) ImprovingWorking capital: 907 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -30% YoY DecliningOPM: -104.2% (down 49.6% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 18.3 vs industry 30.7 Cheaper than peersROCE 3.3% vs industry 8.2% Below peersROE 2.9% vs industry 9.1% Below peers3Y sales CAGR: 80% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:21 am

Market Cap 287 Cr.
Current Price 115
Intrinsic Value₹115.68
High / Low 168/87.2
Stock P/E18.3
Book Value 276
Dividend Yield0.00 %
ROCE3.28 %
ROE2.89 %
Face Value 10.0
PEG Ratio-1.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Modi Rubber Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modi Rubber Ltd 287 Cr. 115 168/87.218.3 2760.00 %3.28 %2.89 % 10.0
Harrisons Malayalam Ltd 328 Cr. 178 238/15413.0 89.20.00 %11.0 %9.54 % 10.0
Indag Rubber Ltd 246 Cr. 93.6 153/84.628.6 87.82.56 %2.93 %2.86 % 2.00
Vikas Ecotech Ltd 200 Cr. 1.13 2.78/0.9562.3 2.220.00 %2.75 %1.37 % 1.00
Elgi Rubber Company Ltd 194 Cr. 38.8 90.5/32.7 33.30.00 %0.47 %12.2 % 1.00
Industry Average528.25 Cr317.7330.71111.340.58%8.24%9.09%6.22

All Competitor Stocks of Modi Rubber Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1.402.864.794.997.225.445.346.5010.327.047.107.817.32
Expenses 6.857.328.108.1811.2513.098.9710.4115.9614.4012.1911.9814.95
Operating Profit -5.45-4.46-3.31-3.19-4.03-7.65-3.63-3.91-5.64-7.36-5.09-4.17-7.63
OPM % -389.29%-155.94%-69.10%-63.93%-55.82%-140.62%-67.98%-60.15%-54.65%-104.55%-71.69%-53.39%-104.23%
Other Income 13.279.1010.1211.4212.3716.8112.2514.2610.8910.4911.0310.1914.27
Interest 0.120.110.430.650.571.890.480.440.470.510.420.380.42
Depreciation 0.540.540.530.710.820.850.740.780.791.221.041.081.09
Profit before tax 7.163.995.856.876.956.427.409.133.991.404.484.565.13
Tax % -16.62%19.30%38.12%53.71%19.57%50.78%8.38%30.78%-55.14%17.86%-8.93%-0.22%0.97%
Net Profit 8.353.223.613.185.593.166.796.326.191.164.884.565.08
EPS in Rs 3.331.291.441.272.231.262.712.522.470.461.951.822.03

Last Updated: March 3, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 51441465655355222929
Expenses 1911912720262120172725415054
Operating Profit -152519-14-20-16-15-14-22-19-18-20-24
OPM % -331%17%13%-279%-339%-304%-313%-503%-425%-366%-81%-70%-83%
Other Income 2291140613320215353514846
Interest 0000111110422
Depreciation 1671333332344
Profit before tax 62723233713142831262216
Tax % 25%42%32%-5%59%31%433%-24%7%12%40%7%
Net Profit 5161624159-252628162016
EPS in Rs 1.806.356.409.766.133.62-0.931.8510.2411.056.208.176.26
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)220.00%0.00%50.00%-37.50%-40.00%-122.22%350.00%420.00%7.69%-42.86%25.00%
Change in YoY Net Profit Growth (%)0.00%-220.00%50.00%-87.50%-2.50%-82.22%472.22%70.00%-412.31%-50.55%67.86%

Modi Rubber Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:39 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 25252525252525252525252525
Reserves 179300314370381391382409594613630663667
Borrowings 33344334521212119
Other Liabilities 42545141403430226367696363
Total Liabilities 249383393439449453440460687726744771774
Fixed Assets 1554601332292927216248253250248
CWIP 01171900002101000
Investments 125186187291312347343370403377390411408
Other Assets 108132139116105776862679191109119
Total Assets 249383393439449453440460687726744771774

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6-110-13214-6-25-18-22-29
Cash from Investing Activity + 79-3-325-25-6227242536
Cash from Financing Activity + -0-2-21-0-1-0-1-1-1-4-6
Net Cash Flow 16-4-311-4-2-516-12
Free Cash Flow -8-11-10-17-15213-6-29-28-21-31
CFO/OP 31%43%62%-28%81%-145%-36%64%108%74%81%115%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-18.0022.0016.00-18.00-24.00-19.00-18.00-18.00-27.00-40.00-39.00-41.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 512730205683052104211,240365297
Inventory Days 13811882961050
Days Payable 110968531,1321,210
Cash Conversion Cycle 515551205683052104-749204-740297
Working Capital Days -1,596012-943-891-1,828-1,7301,839-590-48255907
ROCE %2%11%6%6%4%2%0%2%5%5%4%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.69%62.69%59.50%59.50%62.69%62.69%62.69%62.69%62.69%62.69%62.20%62.20%
FIIs 2.15%2.15%2.15%2.10%2.10%2.03%2.02%2.02%2.00%2.01%1.98%1.98%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
Public 35.15%35.14%38.35%38.41%35.20%35.28%35.27%35.28%35.28%35.28%35.81%35.80%
No. of Shareholders 13,18413,11713,15613,55313,91514,09914,10514,09614,19714,46914,25814,576

Shareholding Pattern Chart

No. of Shareholders

Modi Rubber Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.176.2011.0410.241.84
Diluted EPS (Rs.) 8.176.2011.0410.241.84
Cash EPS (Rs.) -2.92-5.68-5.45-6.46-1.64
Book Value[Excl.RevalReserv]/Share (Rs.) 217.33203.08196.52247.21173.26
Book Value[Incl.RevalReserv]/Share (Rs.) 275.05261.99255.42247.21173.26
Revenue From Operations / Share (Rs.) 11.688.982.132.051.11
PBDIT / Share (Rs.) -1.59-0.04-3.75-5.46-0.32
PBIT / Share (Rs.) -3.00-1.21-4.60-6.50-1.40
PBT / Share (Rs.) -3.74-2.63-4.79-6.74-3.06
Net Profit / Share (Rs.) -4.33-6.85-6.29-7.50-2.71
NP After MI And SOA / Share (Rs.) 8.196.2111.0610.231.84
PBDIT Margin (%) -13.60-0.48-176.18-266.80-29.54
PBIT Margin (%) -25.66-13.49-216.06-317.48-126.23
PBT Margin (%) -32.00-29.27-225.04-329.11-276.95
Net Profit Margin (%) -37.03-76.30-295.57-366.35-244.81
NP After MI And SOA Margin (%) 70.0669.20519.48499.93166.53
Return on Networth / Equity (%) 3.763.055.634.141.06
Return on Capital Employeed (%) -1.03-0.43-1.67-2.44-0.79
Return On Assets (%) 2.652.083.813.711.00
Long Term Debt / Equity (X) 0.010.010.010.000.01
Total Debt / Equity (X) 0.030.030.040.000.01
Asset Turnover Ratio (%) 0.030.030.000.000.01
Current Ratio (X) 2.862.912.703.865.36
Quick Ratio (X) 2.862.912.703.865.36
Interest Coverage Ratio (X) -2.09-0.03-19.63-23.07-1.29
Interest Coverage Ratio (Post Tax) (X) -4.72-3.83-31.93-30.67-4.10
Enterprise Value (Cr.) 272.70231.99155.71166.85233.42
EV / Net Operating Revenue (X) 9.3410.3429.2532.5484.22
EV / EBITDA (X) -68.62-2120.56-16.60-12.20-285.05
MarketCap / Net Operating Revenue (X) 9.099.8527.1533.0284.38
Price / BV (X) 0.480.430.290.270.53
Price / Net Operating Revenue (X) 9.099.8527.1633.0284.45
EarningsYield 0.070.070.190.150.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Modi Rubber Ltd. is a Public Limited Listed company incorporated on 27/02/1971 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L25199UP1971PLC003392 and registration number is 003392. Currently company belongs to the Industry of Rubber Processing/Rubber Products. Company's Total Operating Revenue is Rs. 4.00 Cr. and Equity Capital is Rs. 25.04 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber ProductsModinagar, Ghaziabad District Uttar Pradesh 201204Contact not found
Management
NamePosition Held
Mr. Vinay Kumar ModiChairman
Mr. Alok ModiManaging Director
Ms. Piya ModiWhole Time Director
Ms. Nadira Faraz HamidIndependent Director
Mr. Umesh Kumar KhaitanIndependent Director
Mr. Tarun AgarwalIndependent Director

FAQ

What is the intrinsic value of Modi Rubber Ltd and is it undervalued?

As of 14 April 2026, Modi Rubber Ltd's intrinsic value is ₹115.68, which is 0.59% higher than the current market price of ₹115.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.89 %), book value (₹276), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Modi Rubber Ltd?

Modi Rubber Ltd is trading at ₹115.00 as of 14 April 2026, with a FY2026-2027 high of ₹168 and low of ₹87.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹287 Cr..

How does Modi Rubber Ltd's P/E ratio compare to its industry?

Modi Rubber Ltd has a P/E ratio of 18.3, which is below the industry average of 30.71. This is broadly in line with or below the industry average.

Is Modi Rubber Ltd financially healthy?

Key indicators for Modi Rubber Ltd: ROCE of 3.28 % is on the lower side compared to the industry average of 8.24%; ROE of 2.89 % is below ideal levels (industry average: 9.09%). Dividend yield is 0.00 %.

Is Modi Rubber Ltd profitable and how is the profit trend?

Modi Rubber Ltd reported a net profit of ₹20 Cr in Mar 2025 on revenue of ₹29 Cr. Compared to ₹26 Cr in Mar 2022, the net profit shows a declining trend.

Does Modi Rubber Ltd pay dividends?

Modi Rubber Ltd has a dividend yield of 0.00 % at the current price of ₹115.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Modi Rubber Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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