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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Modi Rubber Ltd

About the Company - Modi Rubber Ltd

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Basic Stock Data of Modi Rubber Ltd

Last Updated: June 17, 2024, 8:22 pm

Market Cap 246 Cr.
Current Price 98.2
High / Low120/59.0
Stock P/E15.8
Book Value 262
Dividend Yield0.00 %
ROCE4.43 %
ROE2.40 %
Face Value 10.0
PEG Ratio0.30

Competitors of Modi Rubber Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
GRP Ltd 1,394 Cr. 10,47910,799/3,37557.0 1,2510.16 %15.4 %15.6 % 10.0
Vikas Ecotech Ltd 653 Cr. 3.695.65/2.8098.7 2.710.00 %4.51 %2.15 % 1.00
Industry Average1,023.50 Cr5,241.3577.85626.860.08%9.96%8.88%5.50

Modi Rubber Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.470.390.880.210.622.491.820.500.561.402.864.794.99
Expenses3.914.305.283.355.087.3611.144.945.686.857.328.108.18
Operating Profit-3.44-3.91-4.40-3.14-4.46-4.87-9.32-4.44-5.12-5.45-4.46-3.31-3.19
OPM %-731.91%-1,002.56%-500.00%-1,495.24%-719.35%-195.58%-512.09%-888.00%-914.29%-389.29%-155.94%-69.10%-63.93%
Other Income3.558.457.5210.4914.8413.7613.4314.4416.6913.279.1010.1211.42
Interest0.110.060.380.150.140.110.190.130.130.120.110.430.65
Depreciation0.670.680.670.650.660.640.660.530.520.540.540.530.71
Profit before tax-0.673.802.076.559.588.143.269.3410.927.163.995.856.87
Tax %0.00%-0.53%-42.03%0.00%-1.98%28.99%-7.98%-4.82%42.31%-16.62%19.30%38.12%53.71%
Net Profit-0.673.812.946.559.775.783.529.796.308.353.223.613.18
EPS in Rs-0.271.521.172.623.902.311.413.912.523.331.291.441.27

Last Updated: June 3, 2024, 3:49 pm

Modi Rubber Ltd Quarterly Chart

Modi Rubber Ltd Profit & Loss

MonthSep 2011Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales-795144146565535520
Expenses2724191191272026212017272535
Operating Profit-34-15-152519-14-20-16-15-14-22-19-15
OPM %-157%-331%17%13%-279%-339%-304%-313%-503%-425%-366%-75%
Other Income7648229114061332021535343
Interest2000001111102
Depreciation2216713333323
Profit before tax38316272323371314283124
Tax %-43%8%25%42%32%-5%59%31%433%-24%7%12%
Net Profit55295161624159-25262816
EPS in Rs21.8411.501.806.356.409.766.133.62-0.931.8510.2411.056.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Modi Rubber Ltd Profit & Loss Yearly Chart

Modi Rubber Ltd Growth

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:17%
5 Years:20%
3 Years:10%
1 Year:54%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:4%
Last Year:2%

Last Updated: June 17, 2024, 2:52 pm

Balkrishna Industries Ltd Balance Sheet

MonthSep 2011Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital25252525252525252525252525
Reserves146175179300314370381391382409594613622
Borrowings653334433452117
Other Liabilities56494254514140343022636769
Total Liabilities233254249383393439449453440460687726733
Fixed Assets16151554601332292927216248252
CWIP0001171900002108
Investments137129125186187291312347343370403377381
Other Assets79110108132139116105776862679192
Total Assets233254249383393439449453440460687726733

Modi Rubber Ltd Reserves and Borrowings Chart

Modi Rubber Ltd Cash Flow

MonthSep 2011Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 77-48-6-110-13214-6-25-18
Cash from Investing Activity -114679-3-325-25-622724
Cash from Financing Activity -630-0-2-21-0-1-0-1-1-1
Net Cash Flow3-116-4-311-4-2-516

Modi Rubber Ltd Financial Efficiency Indicators

MonthSep 2011Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days-13512730205683052104211,240
Inventory Days-421381188296
Days Payable110968531,132
Cash Conversion Cycle-423515551205683052104-749204
Working Capital Days-2,512-588-1,394718-943-891-1,828-1,7301,899-522370
ROCE %-11%-0%2%11%6%6%4%2%0%2%5%5%

Modi Rubber Ltd Financial Efficiency Indicators Chart

Modi Rubber Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters62.69%62.69%62.69%62.69%62.69%62.69%62.67%62.69%62.69%59.50%59.50%62.69%
FIIs0.49%0.49%0.43%0.15%0.15%2.15%2.15%2.15%2.15%2.15%2.10%2.10%
DIIs2.01%2.01%2.01%2.01%2.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public34.81%34.81%34.86%35.14%35.14%35.13%35.16%35.15%35.14%38.35%38.41%35.20%
No. of Shareholders12,94913,24713,35213,61813,61213,49613,28413,18413,11713,15613,55313,915

Modi Rubber Ltd Shareholding Pattern Chart

No. of Modi Rubber Ltd Shareholders

This stock is not held by any mutual fund

Modi Rubber Ltd ROCE Trend

Modi Rubber Ltd EPS Trend

Modi Rubber Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.2111.0410.241.84-0.93
Diluted EPS (Rs.)6.2111.0410.241.84-0.93
Cash EPS (Rs.)-5.68-5.45-6.46-1.64-2.99
Book Value[Excl.RevalReserv]/Share (Rs.)262.29196.52247.21173.26162.41
Book Value[Incl.RevalReserv]/Share (Rs.)262.29255.42247.21173.26162.41
Revenue From Operations / Share (Rs.)8.982.132.051.111.95
PBDIT / Share (Rs.)-0.04-3.75-5.46-0.32-1.54
PBIT / Share (Rs.)-1.21-4.60-6.50-1.40-2.72
PBT / Share (Rs.)-2.63-4.79-6.74-3.06-2.96
Net Profit / Share (Rs.)-6.85-6.29-7.50-2.71-4.17
NP After MI And SOA / Share (Rs.)6.2111.0610.231.84-0.93
PBDIT Margin (%)-0.48-176.18-266.80-29.54-78.60
PBIT Margin (%)-13.49-216.06-317.48-126.23-139.36
PBT Margin (%)-29.27-225.04-329.11-276.95-151.74
Net Profit Margin (%)-76.30-295.57-366.35-244.81-213.58
NP After MI And SOA Margin (%)69.20519.48499.93166.53-47.65
Return on Networth / Equity (%)2.375.634.141.06-0.57
Return on Capital Employeed (%)-0.43-1.67-2.44-0.79-1.65
Return On Assets (%)2.083.813.711.00-0.53
Long Term Debt / Equity (X)0.010.010.000.010.01
Total Debt / Equity (X)0.020.040.000.010.01
Asset Turnover Ratio (%)0.030.000.000.010.01
Current Ratio (X)2.912.703.865.362.72
Quick Ratio (X)2.912.703.865.362.72
Interest Coverage Ratio (X)-0.03-19.63-23.07-1.29-6.35
Interest Coverage Ratio (Post Tax) (X)-3.83-31.93-30.67-4.10-16.26
Enterprise Value (Cr.)231.99155.71166.85233.4268.50
EV / Net Operating Revenue (X)10.3429.2532.5484.2214.00
EV / EBITDA (X)-2120.56-16.60-12.20-285.05-17.81
MarketCap / Net Operating Revenue (X)9.8527.1533.0284.3815.07
Price / BV (X)0.330.290.270.530.18
Price / Net Operating Revenue (X)9.8527.1633.0284.4515.07
EarningsYield0.070.190.150.01-0.03

Modi Rubber Ltd Profitability Ratios (%)

Modi Rubber Ltd Liquidity Ratios

Modi Rubber Ltd Liquidity Ratios (%)

Modi Rubber Ltd Interest Coverage Ratios (%)

Modi Rubber Ltd Valuation Ratios

Fair Value

Fair Value: 101.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 3.19% compared to the current price 98.2

Intrinsic Value: 154.21

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 57.03% compared to the current price ₹98.2

Last 5 Year EPS CAGR: 52.17%

*Investments are subject to market risks

Strength and Weakness of Modi Rubber Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -212.75, which is a positive sign.
  2. The company has higher reserves (375.08 cr) compared to borrowings (6.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (27.00 cr) and profit (22.00 cr) over the years.
  1. The stock has a low average ROCE of 2.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 2.67, which may not be favorable.

FAQ

What is the latest fair value of Modi Rubber Ltd?

The latest fair value of Modi Rubber Ltd is ₹101.34.

What is the Market Cap of Modi Rubber Ltd?

The Market Cap of Modi Rubber Ltd is 246 Cr..

What is the current Stock Price of Modi Rubber Ltd as on 19 June 2024?

The current stock price of Modi Rubber Ltd as on 19 June 2024 is ₹98.2.

What is the High / Low of Modi Rubber Ltd stocks in FY 2024?

In FY 2024, the High / Low of Modi Rubber Ltd stocks is 120/59.0.

What is the Stock P/E of Modi Rubber Ltd?

The Stock P/E of Modi Rubber Ltd is 15.8.

What is the Book Value of Modi Rubber Ltd?

The Book Value of Modi Rubber Ltd is 262.

What is the Dividend Yield of Modi Rubber Ltd?

The Dividend Yield of Modi Rubber Ltd is 0.00 %.

What is the ROCE of Modi Rubber Ltd?

The ROCE of Modi Rubber Ltd is 4.43 %.

What is the ROE of Modi Rubber Ltd?

The ROE of Modi Rubber Ltd is 2.40 %.

What is the Face Value of Modi Rubber Ltd?

The Face Value of Modi Rubber Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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