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Modi Naturals Ltd (MODINATUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519003 NSE: MODINATUR Edible Oil | Small Cap | Modi Naturals Share Price

₹414.65 0.00 (0.00%)

As on 10-Jul'26 16:59

Modi Naturals Ltd (MODINATUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519003 NSE: MODINATUR Edible Oil | Small Cap | Modi Naturals Share Price

₹414.65 0.00 (0.00%)

As on 10-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹552 Cr.
Current Price
₹414.7
52-Week Low / High
₹261 / 526
TTM EPS
₹7.5
TTM Sales
₹382 Cr.
Book Value per Share
₹83.2
P/E Ratio
55.10
Higher than its 5-year historical median
Industry PE
37.5
Price to Book (P/B)
4.98
Higher than its 5-year historical median
Price to Sales (P/S)
1.45
Higher than its 5-year historical median
EV/EBITDA
30.77
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.48%
Outperforms industry median
Return on Capital Employed (ROCE)
13.14%
Outperforms industry median
Return on Assets (ROA)
6.15%
Operating Profit Margin
4%
Net Profit Margin
2.62%
Gross Profit Margin
4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-5.52%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
17.6%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.85%
Asset Quality
Promoter Holding
69.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹97 Cr.
Equity
₹13.3 Cr.
Face Value
₹10
All Time Low / High
₹0.75 / 667.00

Modi Naturals stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Modi Naturals Ltd a good quality company?
Modi Naturals Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Modi Naturals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Modi Naturals Ltd vs industry peers?
Modi Naturals Ltd revenue CAGR is -2.74%, compared to the industry median CAGR of 4.81%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Modi Naturals Ltd?
Promoters hold 69.09% of the Modi Naturals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Modi Naturals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Modi Naturals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.2%4.9%4.2%6%7.8%17.8%14%4.4%4%11.2%-
Value Creation
Index
-0.1-0.7-0.7-0.6-0.40.3-0-0.7-0.7-0.2-

Growth Parameters

Sales 272293279296388443474418358338382
Sales YoY Gr.-7.9%-5%6.3%31.1%14%7.1%-11.9%-14.4%-5.5%-
Adj EPS 2-00.20.73.76.57.20.80.65.57.5
YoY Gr.--100.5%NA195.8%418.3%75.5%10.8%-89.5%-22.7%853.5%-
BVPS (₹) 23.3252437.342.852.360.76269.975.683.2
Adj Net
Profit
2.2-00.30.94.78.29.110.87.410
Cash Flow from Ops. -7.4-7.72.3-6.60.89.3-12.712.415.719.4-
Debt/CF from Ops. -4.8-4.714.2-4.839.52.2-442.91.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.5%-2.7%-10.7%-5.5%
Adj EPS 12.3%8.5%-8.3%853.5%
BVPS14%12.1%7.6%8.1%
Share Price 13.4% 17.5% 21.7% -12.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.1-00.61.98.513.112.51.20.97.69.5
Op. Profit
Mgn %
3.41.51.71.91.92.93.21.31.644
Net Profit
Mgn %
0.8-00.10.31.21.91.90.20.22.22.6
Debt to
Equity
1.41.31.20.70.60.30.70.60.50.30
Working Cap
Days
7884969986818810711812147
Cash Conv.
Cycle
6171818169657082858326

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales293279296388443474418358338382
Operating Expenses + 289274291381430459412352325366
Manufacturing Costs19202324273032292322
Material Costs223209220301347359315252228277
Employee Cost 16171820212223232518
Other Costs 30293036344842484849
Operating Profit 54681315661316
Operating Profit Margin (%) 1.5%1.5%1.9%1.9%2.9%3.2%1.3%1.6%4.0%4.1%
Other Income + 0000412133
Exceptional Items 0000000000
Interest 3323124453
Depreciation 1111112212
Profit Before Tax 00241413211014
Tax 002-1341034
Profit After Tax -0-01511911810
PAT Margin (%) -0.0%-0.0%0.3%1.2%2.4%2.0%0.3%0.3%2.3%2.6%
Adjusted EPS (₹)-0.00.00.73.78.37.40.90.75.87.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Modi Naturals - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3232535768777993101111
Share Capital 11111313131313131313
Reserves 20214045556566808797
Debt +35323132205149453013
Long Term Debt2110000001
Short Term Debt33313032205049453012
Minority Interest0000000000
Trade Payables44778121511613
Others Liabilities 29292323252524202627
Total Liabilities 9997113120121165166169162163

Fixed Assets

Net Fixed Assets +20192019192120181718
Gross Block37373940414343434446
Accumulated Depreciation17181921222224252628
CWIP 0000000000
Investments 000001527353535
Inventories58576668689485736275
Trade Receivables1081216211919181922
Cash Equivalents 2112113112
Others Assets 10131615121613252811
Total Assets 9997113120121165166169162163

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -82-719-131216191
PBT 00241413211014
Adjustment 6327246654
Changes in Working Capital -102-10-7-3-2511138-11
Tax Paid -100-1-2-3-4-1-1-3
Cash Flow From Investing Activity + -2-1-2-12-18-14-22-416
Capex -2-1-2-12-3-0-0-1-2
Net Investments 000-00-0-1100
Others 00000-15-12-23-419
Cash Flow From Financing Activity + 11-381-123026-15-16
Net Proceeds from Shares 1001000031000
Net Proceeds from Borrowing 0000-000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others 1-3-21-1230-2-4-15-16
Net Cash Flow 1-1-01-1-01-001

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-0.07-0.022.429.1317.4813.151.511.067.99.48
ROCE (%)4.874.195.967.7917.8213.954.43411.1713.14
Asset Turnover Ratio3.152.842.813.333.673.312.522.142.042.34
PAT to CFO Conversion(x)N/AN/A-70.20.82-1.4412162.380.1
Working Capital Days
Receivable Days1411.601212.8015.1015.4016.8018.9019.8019.50
Inventory Days637575.5062.9056.2062.4077.9080.3072.7065.50
Payable Days7.906.608.908.507.9010.2015.5018.4013.7012.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Modi Naturals Ltd FAQs

The current trading price of Modi Naturals on 10-Jul-2026 16:59 is ₹414.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jul-2026 the market cap of Modi Naturals stood at ₹551.8 Cr

The latest P/E ratio of Modi Naturals as of 09-Jul-2026 is 55.10.

The latest P/B ratio of Modi Naturals as of 09-Jul-2026 is 4.98.

The 52-week high of Modi Naturals is ₹526.3 and the 52-week low is ₹261.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Modi Naturals is ₹382 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Modi Naturals Ltd is a below average quality company.

The key valuation ratios of Modi Naturals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Modi Naturals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Modi Naturals Ltd

Anil Modi Oil Industries Ltd. (AMOIL), since its inception in 1974, has emerged a leader in the edible oil and allied products industry of India. The company has won awards for processing the highest quantity of rice bran in the country for three consecutive years. The company proudly boasts of state-of-the-art technology and outstanding management through which it constantly delivers to its customers the benefit of Quality and Price.

D D Modi, of the Modi Group, was the visionary entrepreneur who established AMOIL. He began his journey in the oil industry back in 1944 with an oil plant in Punjab as part of the family business. Through the years, his knowledge gained on mustard, groundnut, cotton seed, mowrah, rice and sunflower oils has been passed on from generation to generation.

AMOIL’s manufacturing facilities are situated in the 'Tarai Region' of India at the foot of the Himalayas, giving it an exceptional location advantage. This area is the most fertile in the country, enabling AMOIL to procure high quality raw materials to deliver the best products.

AMOIL is dedicated to the research and development of the best quality of Rice Oil available. It uses latest technologies to ensure that the many good qualities Rice Oil are retained.

AMOIL’s Rice Oil is much superior to all traditional cooking oils and can be considered food as medicine. Owing to its health benefits, many snack food majors have replaced hydrogenated oils by Rice Oil for their frying needs.

Product range of the company includes:

Consumer products

  • Rice Oil: the world's healthiest oil

Industrial products

  • Refined Rice Oil
  • Refined Sunflower Oil
  • Rice Bran Wax (New!)
  • Upgraded Rice Oil
  • Solvent Extracted Rice Oil
  • De-oiled Rice Bran
  • Distilled Rice Fatty Acid
  • Solvent Extracted Sunflower Oil
  • Expeller Sunflower Oil
  • De-oiled Sunflower Cake

Benefits of AMOIL rice oil

  • Foods cooked in AMOIL's Rice Oil absorb upto 20% less oil, resulting in less calories consumed, better flavor and more economical cooking.
  • It is a good source of Vitamin E complex and antioxidants such as Gamma Oryzanol, Tocopherol, Tocotrienol, Phytosterols, Polyphenols and Squaline. These micronutrients help fight and combat the effects of aging.
  • Rice Oil has the best balance of monounsaturated, polyunsaturated and saturated fats, as recommended by National Institute of Nutrition (Hyderabad) and the World Health Organization. This helps reduce bad cholesterol and prevent heart-diseases.
  • AMOIL's Rice Oil has a high smoke point, making it ideal for frying. It is a perfect replacement for hydrogenated oils that contain unhealthy trans-fats.
  • AMOIL's Rice Oil is physically refined, unlike many other oils that are chemically (artificially) refined. This helps retain all its natural ingredients to provide a healthy and complete cooking oil.
  • The viscosity of AMOIL's Rice Oil is very low. This makes the oil feel light and enhances the flavor of food cooked in it.

Milestones:

  • 2009    -   Launch of Refined Rice Oil by up-gradation of refinery.
  • 2005    -    Establishment of oil mill in Pilibhit.
  • 2003    -    Award for 'Highest Processor of Rice Bran in India' by SEA of India.
  • 2002    -    Merger of sister concern Neha Oils Limited with AMOIL.
  • 1998    -    Expansion of Neha Oils Unit.
  • 1995    -    Expansion of refinery.
  • 1994    -    Expansion of unit 1.
  • 1992    -    Establishment of physical refinery in Pilibhit.
  • 1991    -    Rights issue at par of AMOIL equity to existing share holders.
  • 1990    -    Acquisition of Solvent plant (by sister concern Neha Oils Limited) in Pilibhit.
  • 1985    -   IPO on Bombay Stock Exchange.
  • 1985    -    Greenfield solvent extraction plant (unit 1) in Pilibhit U.P.
  • 1979    -   New, greenfield solvent extraction plant in Sunam.
  • 1974     -   The company was incorporated and an oil mill was established in Sunam, Punjab.
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