Current Price & Key Metrics −
Last Updated: November 20, 2025, 12:44 am
| Market Cap | 578 Cr. |
|---|---|
| Current Price | 441 |
| High / Low | 667/320 |
| Stock P/E | 15.8 |
| Book Value | 109 |
| Dividend Yield | 0.00 % |
| ROCE | 18.7 % |
| ROE | 29.2 % |
| Face Value | 10.0 |
| PEG Ratio | 0.52 |
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Modi Naturals Ltd operates in the Edible Oils & Solvent Extraction industry and has shown a fluctuating revenue trend over the past few quarters. The company reported sales of ₹93 Cr in September 2022, which rose to ₹114 Cr in December 2022, followed by a decline to ₹110 Cr in March 2023. The sales dipped to ₹84 Cr in June 2023 before recovering to ₹92 Cr in September 2023. In December 2023, sales increased to ₹104 Cr and are projected to rise to ₹120 Cr in March 2024, reaching ₹148 Cr in June 2024. The overall sales for the trailing twelve months stood at ₹671 Cr, indicating a significant improvement compared to the ₹418 Cr recorded in March 2023. This growth trajectory reflects the company’s ability to adapt to market demands and operational challenges, positioning it favorably within the competitive landscape of the edible oils sector.
Profitability and Efficiency Metrics
Modi Naturals Ltd’s profitability metrics depict a recovery phase, with an operating profit margin (OPM) of 10% reported in the most recent data. The operating profit showed fluctuations, with a low of ₹1 Cr in December 2022, and a robust increase to ₹16 Cr by March 2025. The profit before tax recorded a significant rise to ₹38 Cr in March 2025, up from just ₹2 Cr in March 2023, reflecting effective cost management and operational efficiency improvements. The net profit also turned around, standing at ₹31 Cr in March 2025 compared to a mere ₹1 Cr in March 2021. The return on equity (ROE) is notably high at 29.2%, indicating that the company effectively utilizes shareholder funds to generate profits. However, the cash conversion cycle (CCC) of 70 days suggests room for improvement in operational efficiency, particularly in inventory management.
Balance Sheet Strength and Financial Ratios
Modi Naturals Ltd’s balance sheet reflects a mixed picture of financial health. The company recorded total borrowings of ₹152 Cr against reserves of ₹129 Cr, indicating a leverage ratio that requires cautious monitoring. The interest coverage ratio (ICR) stood at 4.89x, which suggests that the company generates sufficient operating profit to cover its interest expenses comfortably. The current ratio of 1.22x indicates adequate liquidity to meet short-term obligations. However, the debt-to-equity ratio of 1.22x signals a reliance on debt financing, which could pose risks if cash flows do not remain stable. The book value per share increased to ₹91.35 in March 2025 from ₹53.62 in March 2021, showcasing the company’s ability to enhance shareholder value over time. Overall, while the financial ratios indicate operational capability, careful management of debt levels will be crucial to sustaining long-term growth.
Shareholding Pattern and Investor Confidence
Investor confidence in Modi Naturals Ltd is reflected in its shareholding pattern, with promoters holding a substantial 69.09% stake as of December 2023. This stable promoter ownership can instill confidence among retail investors regarding the company’s governance and strategic direction. However, the absence of Foreign Institutional Investors (FIIs) and a negligible stake of 0.06% held by Domestic Institutional Investors (DIIs) may raise concerns about institutional backing, potentially affecting market perception. The public shareholding stands at 30.90%, with a total of 6,634 shareholders as of September 2025. Although the number of shareholders has seen fluctuations, the overall stability in promoter holdings suggests a commitment to long-term growth. The increasing public stake from 30.76% in December 2022 to 30.90% in September 2025 indicates a gradual rise in retail investor interest, essential for sustaining liquidity in the stock.
Outlook, Risks, and Final Insight
Looking ahead, Modi Naturals Ltd appears poised for growth, driven by increasing sales and improving profitability metrics. However, risks remain, particularly concerning its high debt levels and dependence on the domestic market for revenue. The edible oils sector is subject to price volatility due to global supply chain dynamics, which could impact margins. Additionally, the company’s ability to maintain operational efficiency will be critical, especially in managing its cash conversion cycle. If Modi Naturals can successfully navigate these challenges while capitalizing on its growth trajectory, it may strengthen its position in the market. Conversely, failure to manage debt prudently or respond to market fluctuations could hinder its performance. Overall, the company’s current financial health and strategic focus suggest a cautiously optimistic outlook, contingent on effective risk management and operational improvements.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Modi Naturals Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Modi Naturals Ltd | 578 Cr. | 441 | 667/320 | 15.8 | 109 | 0.00 % | 18.7 % | 29.2 % | 10.0 |
| Pioneer Agro Extracts Ltd | 9.86 Cr. | 22.8 | 22.8/15.4 | 329 | 12.1 | 0.00 % | 1.72 % | 1.53 % | 10.0 |
| NK Industries Ltd (NKIND) | 40.2 Cr. | 66.9 | 98.4/48.2 | 584 | 0.00 % | % | % | 10.0 | |
| Agro Tech Foods Ltd | 2,969 Cr. | 786 | 1,152/644 | 432 | 202 | 0.38 % | 2.69 % | 1.73 % | 10.0 |
| Industry Average | 1,773.50 Cr | 329.18 | 258.93 | 226.78 | 0.10% | 7.70% | 10.82% | 10.00 |
Latest Quarterly Results −
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 93 | 114 | 110 | 84 | 92 | 104 | 120 | 148 | 147 | 179 | 190 | 155 | 147 |
| Expenses | 91 | 113 | 113 | 81 | 90 | 106 | 114 | 134 | 133 | 166 | 174 | 137 | 132 |
| Operating Profit | 2 | 1 | -2 | 2 | 2 | -1 | 6 | 13 | 13 | 13 | 16 | 18 | 15 |
| OPM % | 2% | 1% | -2% | 3% | 2% | -1% | 5% | 9% | 9% | 7% | 8% | 11% | 10% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | 0 | -3 | 1 | 1 | -5 | 1 | 9 | 9 | 9 | 11 | 13 | 12 |
| Tax % | 25% | 0% | -13% | 16% | 16% | -15% | 6% | 14% | 15% | 12% | 27% | 22% | 15% |
| Net Profit | 1 | 0 | -2 | 1 | 1 | -4 | 1 | 7 | 8 | 8 | 8 | 10 | 10 |
| EPS in Rs | 0.60 | 0.01 | -1.83 | 0.62 | 0.60 | -3.20 | 0.96 | 5.70 | 5.79 | 5.97 | 6.23 | 8.01 | 7.69 |
Last Updated: November 18, 2025, 11:33 am
Below is a detailed analysis of the quarterly data for Modi Naturals Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 147.00 Cr.. The value appears to be declining and may need further review. It has decreased from 155.00 Cr. (Jun 2025) to 147.00 Cr., marking a decrease of 8.00 Cr..
- For Expenses, as of Sep 2025, the value is 132.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 137.00 Cr. (Jun 2025) to 132.00 Cr., marking a decrease of 5.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 18.00 Cr. (Jun 2025) to 15.00 Cr., marking a decrease of 3.00 Cr..
- For OPM %, as of Sep 2025, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 11.00% (Jun 2025) to 10.00%, marking a decrease of 1.00%.
- For Other Income, as of Sep 2025, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Jun 2025) to 1.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
- For Depreciation, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Jun 2025) to 12.00 Cr., marking a decrease of 1.00 Cr..
- For Tax %, as of Sep 2025, the value is 15.00%. The value appears to be improving (decreasing) as expected. It has decreased from 22.00% (Jun 2025) to 15.00%, marking a decrease of 7.00%.
- For Net Profit, as of Sep 2025, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 10.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 7.69. The value appears to be declining and may need further review. It has decreased from 8.01 (Jun 2025) to 7.69, marking a decrease of 0.32.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss + Growth +
Last Updated: November 18, 2025, 11:33 am
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Sales | 443 | 474 | 418 | 399 | 663 | 671 |
| Expenses | 430 | 459 | 412 | 390 | 607 | 608 |
| Operating Profit | 13 | 15 | 5 | 9 | 56 | 62 |
| OPM % | 3% | 3% | 1% | 2% | 8% | 9% |
| Other Income | 4 | 1 | 2 | 1 | 1 | 2 |
| Interest | 1 | 2 | 4 | 7 | 12 | 11 |
| Depreciation | 1 | 1 | 2 | 4 | 8 | 8 |
| Profit before tax | 14 | 13 | 2 | -2 | 38 | 45 |
| Tax % | 25% | 28% | 42% | -21% | 18% | |
| Net Profit | 11 | 9 | 1 | -1 | 31 | 37 |
| EPS in Rs | 8.31 | 7.40 | 0.85 | -1.05 | 23.70 | 27.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Profit Loss Chart
YoY Net Profit Growth
| Year | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|
| YoY Net Profit Growth (%) | -18.18% | -88.89% | -200.00% | 3200.00% |
| Change in YoY Net Profit Growth (%) | 0.00% | -70.71% | -111.11% | 3400.00% |
Modi Naturals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2021-2022 to 2024-2025.
Last Updated: September 5, 2025, 3:51 pm
Balance Sheet & Cash Flow +
Balance Sheet Data Table
Last Updated: November 18, 2025, 11:33 am
| Month | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 55 | 65 | 69 | 77 | 108 | 129 |
| Borrowings | 21 | 51 | 142 | 170 | 149 | 152 |
| Other Liabilities | 33 | 37 | 38 | 46 | 59 | 59 |
| Total Liabilities | 121 | 165 | 263 | 306 | 330 | 353 |
| Fixed Assets | 19 | 26 | 27 | 149 | 145 | 141 |
| CWIP | 0 | 0 | 91 | 0 | 16 | 54 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 102 | 139 | 144 | 157 | 169 | 158 |
| Total Assets | 121 | 165 | 263 | 306 | 330 | 353 |
Below is a detailed analysis of the balance sheet data for Modi Naturals Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00 Cr..
- For Reserves, as of Sep 2025, the value is 129.00 Cr.. The value appears strong and on an upward trend. It has increased from 108.00 Cr. (Mar 2025) to 129.00 Cr., marking an increase of 21.00 Cr..
- For Borrowings, as of Sep 2025, the value is 152.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 149.00 Cr. (Mar 2025) to 152.00 Cr., marking an increase of 3.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 59.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 59.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 353.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 330.00 Cr. (Mar 2025) to 353.00 Cr., marking an increase of 23.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 141.00 Cr.. The value appears to be declining and may need further review. It has decreased from 145.00 Cr. (Mar 2025) to 141.00 Cr., marking a decrease of 4.00 Cr..
- For CWIP, as of Sep 2025, the value is 54.00 Cr.. The value appears strong and on an upward trend. It has increased from 16.00 Cr. (Mar 2025) to 54.00 Cr., marking an increase of 38.00 Cr..
- For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Other Assets, as of Sep 2025, the value is 158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 169.00 Cr. (Mar 2025) to 158.00 Cr., marking a decrease of 11.00 Cr..
- For Total Assets, as of Sep 2025, the value is 353.00 Cr.. The value appears strong and on an upward trend. It has increased from 330.00 Cr. (Mar 2025) to 353.00 Cr., marking an increase of 23.00 Cr..
However, the Borrowings (152.00 Cr.) are higher than the Reserves (129.00 Cr.), which may signal higher financial risk.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Reserves & Borrowings Chart
Cash Flow - No data available for this post.
Free Cash Flow Table
| Month | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Free Cash Flow | -8.00 | -36.00 | -137.00 | -161.00 | -93.00 |
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
Key Ratios & Efficiency +
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 23.25 | -0.89 | 0.93 | 7.38 | 8.31 |
| Diluted EPS (Rs.) | 23.25 | -0.89 | 0.93 | 7.38 | 8.31 |
| Cash EPS (Rs.) | 29.19 | 2.13 | 2.07 | 8.52 | 9.40 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 91.35 | 68.10 | 64.59 | 61.00 | 53.62 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 91.35 | 68.10 | 64.59 | 61.00 | 53.62 |
| Revenue From Operations / Share (Rs.) | 498.19 | 300.47 | 330.24 | 374.75 | 349.78 |
| PBDIT / Share (Rs.) | 43.00 | 7.68 | 5.49 | 12.78 | 13.15 |
| PBIT / Share (Rs.) | 37.12 | 4.51 | 4.26 | 11.66 | 12.06 |
| PBT / Share (Rs.) | 28.33 | -1.30 | 1.47 | 10.23 | 11.04 |
| Net Profit / Share (Rs.) | 23.32 | -1.03 | 0.84 | 7.40 | 8.31 |
| NP After MI And SOA / Share (Rs.) | 23.32 | -1.03 | 0.84 | 7.40 | 8.31 |
| PBDIT Margin (%) | 8.63 | 2.55 | 1.66 | 3.41 | 3.75 |
| PBIT Margin (%) | 7.45 | 1.50 | 1.28 | 3.11 | 3.44 |
| PBT Margin (%) | 5.68 | -0.43 | 0.44 | 2.73 | 3.15 |
| Net Profit Margin (%) | 4.68 | -0.34 | 0.25 | 1.97 | 2.37 |
| NP After MI And SOA Margin (%) | 4.68 | -0.34 | 0.25 | 1.97 | 2.37 |
| Return on Networth / Equity (%) | 25.52 | -1.52 | 1.30 | 12.13 | 15.49 |
| Return on Capital Employeed (%) | 24.71 | 3.32 | 3.09 | 17.91 | 20.85 |
| Return On Assets (%) | 9.40 | -0.45 | 0.40 | 5.66 | 8.67 |
| Long Term Debt / Equity (X) | 0.58 | 0.94 | 1.07 | 0.00 | 0.00 |
| Total Debt / Equity (X) | 1.22 | 1.87 | 1.74 | 0.66 | 0.30 |
| Asset Turnover Ratio (%) | 2.08 | 1.41 | 1.95 | 3.31 | 0.00 |
| Current Ratio (X) | 1.22 | 1.24 | 1.53 | 1.59 | 2.06 |
| Quick Ratio (X) | 0.57 | 0.47 | 0.57 | 0.46 | 0.64 |
| Inventory Turnover Ratio (X) | 5.61 | 3.28 | 3.61 | 4.70 | 0.00 |
| Interest Coverage Ratio (X) | 4.89 | 1.32 | 1.97 | 8.96 | 12.85 |
| Interest Coverage Ratio (Post Tax) (X) | 3.65 | 0.82 | 1.30 | 6.19 | 9.12 |
| Enterprise Value (Cr.) | 601.08 | 422.48 | 433.31 | 295.48 | 112.19 |
| EV / Net Operating Revenue (X) | 0.90 | 1.06 | 1.04 | 0.62 | 0.25 |
| EV / EBITDA (X) | 10.51 | 41.33 | 62.37 | 18.26 | 6.74 |
| MarketCap / Net Operating Revenue (X) | 0.68 | 0.63 | 0.70 | 0.52 | 0.20 |
| Price / BV (X) | 3.75 | 2.81 | 3.61 | 3.23 | 1.36 |
| Price / Net Operating Revenue (X) | 0.68 | 0.63 | 0.70 | 0.52 | 0.20 |
| EarningsYield | 0.06 | -0.01 | 0.00 | 0.03 | 0.11 |
After reviewing the key financial ratios for Modi Naturals Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 23.25. This value is within the healthy range. It has increased from -0.89 (Mar 24) to 23.25, marking an increase of 24.14.
- For Diluted EPS (Rs.), as of Mar 25, the value is 23.25. This value is within the healthy range. It has increased from -0.89 (Mar 24) to 23.25, marking an increase of 24.14.
- For Cash EPS (Rs.), as of Mar 25, the value is 29.19. This value is within the healthy range. It has increased from 2.13 (Mar 24) to 29.19, marking an increase of 27.06.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 91.35. It has increased from 68.10 (Mar 24) to 91.35, marking an increase of 23.25.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 91.35. It has increased from 68.10 (Mar 24) to 91.35, marking an increase of 23.25.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 498.19. It has increased from 300.47 (Mar 24) to 498.19, marking an increase of 197.72.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 43.00. This value is within the healthy range. It has increased from 7.68 (Mar 24) to 43.00, marking an increase of 35.32.
- For PBIT / Share (Rs.), as of Mar 25, the value is 37.12. This value is within the healthy range. It has increased from 4.51 (Mar 24) to 37.12, marking an increase of 32.61.
- For PBT / Share (Rs.), as of Mar 25, the value is 28.33. This value is within the healthy range. It has increased from -1.30 (Mar 24) to 28.33, marking an increase of 29.63.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 23.32. This value is within the healthy range. It has increased from -1.03 (Mar 24) to 23.32, marking an increase of 24.35.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 23.32. This value is within the healthy range. It has increased from -1.03 (Mar 24) to 23.32, marking an increase of 24.35.
- For PBDIT Margin (%), as of Mar 25, the value is 8.63. This value is below the healthy minimum of 10. It has increased from 2.55 (Mar 24) to 8.63, marking an increase of 6.08.
- For PBIT Margin (%), as of Mar 25, the value is 7.45. This value is below the healthy minimum of 10. It has increased from 1.50 (Mar 24) to 7.45, marking an increase of 5.95.
- For PBT Margin (%), as of Mar 25, the value is 5.68. This value is below the healthy minimum of 10. It has increased from -0.43 (Mar 24) to 5.68, marking an increase of 6.11.
- For Net Profit Margin (%), as of Mar 25, the value is 4.68. This value is below the healthy minimum of 5. It has increased from -0.34 (Mar 24) to 4.68, marking an increase of 5.02.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.68. This value is below the healthy minimum of 8. It has increased from -0.34 (Mar 24) to 4.68, marking an increase of 5.02.
- For Return on Networth / Equity (%), as of Mar 25, the value is 25.52. This value is within the healthy range. It has increased from -1.52 (Mar 24) to 25.52, marking an increase of 27.04.
- For Return on Capital Employeed (%), as of Mar 25, the value is 24.71. This value is within the healthy range. It has increased from 3.32 (Mar 24) to 24.71, marking an increase of 21.39.
- For Return On Assets (%), as of Mar 25, the value is 9.40. This value is within the healthy range. It has increased from -0.45 (Mar 24) to 9.40, marking an increase of 9.85.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.58. This value is within the healthy range. It has decreased from 0.94 (Mar 24) to 0.58, marking a decrease of 0.36.
- For Total Debt / Equity (X), as of Mar 25, the value is 1.22. This value exceeds the healthy maximum of 1. It has decreased from 1.87 (Mar 24) to 1.22, marking a decrease of 0.65.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 2.08. It has increased from 1.41 (Mar 24) to 2.08, marking an increase of 0.67.
- For Current Ratio (X), as of Mar 25, the value is 1.22. This value is below the healthy minimum of 1.5. It has decreased from 1.24 (Mar 24) to 1.22, marking a decrease of 0.02.
- For Quick Ratio (X), as of Mar 25, the value is 0.57. This value is below the healthy minimum of 1. It has increased from 0.47 (Mar 24) to 0.57, marking an increase of 0.10.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.61. This value is within the healthy range. It has increased from 3.28 (Mar 24) to 5.61, marking an increase of 2.33.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 4.89. This value is within the healthy range. It has increased from 1.32 (Mar 24) to 4.89, marking an increase of 3.57.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.65. This value is within the healthy range. It has increased from 0.82 (Mar 24) to 3.65, marking an increase of 2.83.
- For Enterprise Value (Cr.), as of Mar 25, the value is 601.08. It has increased from 422.48 (Mar 24) to 601.08, marking an increase of 178.60.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.90. This value is below the healthy minimum of 1. It has decreased from 1.06 (Mar 24) to 0.90, marking a decrease of 0.16.
- For EV / EBITDA (X), as of Mar 25, the value is 10.51. This value is within the healthy range. It has decreased from 41.33 (Mar 24) to 10.51, marking a decrease of 30.82.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.68. This value is below the healthy minimum of 1. It has increased from 0.63 (Mar 24) to 0.68, marking an increase of 0.05.
- For Price / BV (X), as of Mar 25, the value is 3.75. This value exceeds the healthy maximum of 3. It has increased from 2.81 (Mar 24) to 3.75, marking an increase of 0.94.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.68. This value is below the healthy minimum of 1. It has increased from 0.63 (Mar 24) to 0.68, marking an increase of 0.05.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from -0.01 (Mar 24) to 0.06, marking an increase of 0.07.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Financial Efficiency Data Table
| Month | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debtor Days | 17 | 15 | 17 | 25 | 26 |
| Inventory Days | 72 | 95 | 98 | 125 | 66 |
| Days Payable | 8 | 12 | 21 | 33 | 22 |
| Cash Conversion Cycle | 81 | 98 | 94 | 117 | 70 |
| Working Capital Days | 42 | 34 | 37 | 26 | 14 |
| ROCE % | 14% | 3% | 2% | 19% |
ROCE/ROE % Chart
EPS Chart
Profitability Ratios Chart
Valuation Ratios Chart
Shareholding Pattern +
Shareholding Pattern
| Month | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.50% | 67.50% | 67.50% | 67.50% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% |
| DIIs | 1.73% | 1.73% | 1.73% | 1.73% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 30.76% | 30.78% | 30.77% | 30.78% | 30.85% | 30.91% | 30.91% | 30.90% | 30.91% | 30.91% | 30.92% | 30.90% |
| No. of Shareholders | 6,268 | 6,205 | 5,861 | 6,135 | 6,464 | 6,338 | 6,304 | 6,102 | 6,708 | 6,558 | 6,504 | 6,634 |
Shareholding Pattern Chart
No. of Shareholders Chart
This stock is not held by any mutual fund.
Fair Value, Analysis & About Company +
Fair Value
Fair Value of Modi Naturals Ltd as of November 20, 2025 is: 410.35
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.
As of November 20, 2025, Modi Naturals Ltd is Overvalued by 6.95% compared to the current share price 441.00
Intrinsic Value of Modi Naturals Ltd as of November 20, 2025 is: 535.09
Calculation basis:
- Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
As of November 20, 2025, Modi Naturals Ltd is Undervalued by 21.34% compared to the current share price 441.00
Last 5 Year EPS CAGR: 30.40%
*Investments are subject to market risks
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- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Modi Naturals Ltd:
- Net Profit Margin: 4.68%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 24.71% (Industry Average ROCE: 7.7%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 25.52% (Industry Average ROE: 10.82%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.65
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.57
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 15.8 (Industry average Stock P/E: 258.93)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 1.22
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 4.68%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Edible Oils & Solvent Extraction | 405, Deepali Building, 92, Nehru Place, New Delhi Delhi 110019 | investors@modinaturals.com http://www.modinaturals.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Anil Modi | Chairman & Managing Director |
| Mr. Akshay Modi | Joint Managing Director |
| Mrs. Aditi Modi | Whole Time Director |
| Mr. Ankit Garg | Independent Director |
| Mrs. Ankita Singal | Independent Director |
| Mr. Udit Jain | Independent Director |
FAQ
What is the intrinsic value of Modi Naturals Ltd?
Modi Naturals Ltd's intrinsic value (as of 19 November 2025) is 410.35 which is 6.95% lower the current market price of 441.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 578 Cr. market cap, FY2025-2026 high/low of 667/320, reserves of ₹129 Cr, and liabilities of 353 Cr.
What is the Market Cap of Modi Naturals Ltd?
The Market Cap of Modi Naturals Ltd is 578 Cr..
What is the current Stock Price of Modi Naturals Ltd as on 19 November 2025?
The current stock price of Modi Naturals Ltd as on 19 November 2025 is 441.
What is the High / Low of Modi Naturals Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Modi Naturals Ltd stocks is 667/320.
What is the Stock P/E of Modi Naturals Ltd?
The Stock P/E of Modi Naturals Ltd is 15.8.
What is the Book Value of Modi Naturals Ltd?
The Book Value of Modi Naturals Ltd is 109.
What is the Dividend Yield of Modi Naturals Ltd?
The Dividend Yield of Modi Naturals Ltd is 0.00 %.
What is the ROCE of Modi Naturals Ltd?
The ROCE of Modi Naturals Ltd is 18.7 %.
What is the ROE of Modi Naturals Ltd?
The ROE of Modi Naturals Ltd is 29.2 %.
What is the Face Value of Modi Naturals Ltd?
The Face Value of Modi Naturals Ltd is 10.0.
