Modi Rubber Ltd Stock Analysis

BSE: 500890 | NSE: MODIRUBBER | Miscellaneous | Small Cap

BSE Share Price 29-Nov-2022 16:55
73.35 1.50 (2.09%)

DeciZen - Make an Informed Decision on Modi Rubber

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Modi Rubber Price Chart

P/E Ratio (SA) :
20.83
Market Cap :
179.9 Cr.
52-wk low :
51.6
52-wk high :
89.3
Bole Toh?

1. Is Modi Rubber Ltd a good quality company?

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

2. Is Modi Rubber Ltd undervalued or overvalued?

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

3. Is Modi Rubber Ltd a good buy now?

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

10 Year X-Ray of Modi Rubber:

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 Rubber Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.3%0%1.8%2.4%3.7%-11.2%2%2.6%4.4%2.9%-
Value Creation Index -0.7-1.0-0.9-0.8-0.7-1.8-0.9-0.8-0.7-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.63.65.25.45.25.95.25.132.20
YoY Gr. Rt. %--45.8%45.5%3.5%-4.5%15.2%-11.6%-2.1%-41.3%-28.2%-
Adj EPS 1.5011.32.2-7.41.21.632.93.5
YoY Gr. Rt. %--100%NA35.7%62.4%-442.1%NA36.5%89.8%-2%-
BVPS (₹) 35.854.154.656.763.862.865.767.274.8139.5143.8
Adj Net Profit 3.602.53.35.4-18.52.93.97.57.39
Cash Flow from Ops. -20.3-0.57-16.1-15-21-19.5-11.3-4.1-21.4-
Debt/CF from Ops. -0.2-50.5-0.2-0.3-0.2-0.2-0.3-0.7-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.7%-16%-25.6%-28.2%
Adj EPS 8%6.2%36.4%-2%
BVPS 16.316.928.586.5
Share Price 10.3% -7.1% 25.5% -3.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.501.82.43.6-11.71.82.44.22.72.4
Op. Profit Mgn % -142.6-370.2-243.6-244.4-276-298.9-299.1-285.4-437.9-819.10
Net Profit Mgn % 55.20.24761.8105.1-312.454.976.7247.8338.70
Debt to Equity 00000000000
Working Cap Days 3,3827,0944,8714,1934,5543,9504,3054,0556,66110,0470
Cash Conv. Cycle -128-64-13357766231773480

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 36.43%

Return on Equity has declined versus last 3 years average to 2.40%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Modi Rubber Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 10.1
TTM Sales (₹ Cr.) 0 3.2
BVPS (₹.) 143.8 190.6
Reserves (₹ Cr.) 335 452
P/BV 0.50 0.38
PE 20.83 7.08
From the Market
52 Week Low / High (₹) 51.55 / 89.25
All Time Low / High (₹) 14.90 / 210.90
Market Cap (₹ Cr.) 180
Equity (₹ Cr.) 25
Face Value (₹) 10
Industry PE 25.8

Management X-Ray of Modi Rubber :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *8.208.200.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Modi Rubber

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Modi Rubber Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Modi Rubber on 29-Nov-2022 16:55 is : 73.35.
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 29-Nov-2022 16:55 the market cap of Modi Rubber stood at ₹ 179.9.
The latest PE ratio of Modi Rubber as of 29-Nov-2022 16:55 is 20.83.
The latest PB ratio of Modi Rubber as of 29-Nov-2022 16:55 is 0.50
The 52-week high of Modi Rubber is ₹ 89.25 and the 52-week low is ₹ 51.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Modi Rubber is ₹ 0.00 ( Cr.) .

About Modi Rubber Ltd

Modi Rubber was incorporated on February 27, 1971. After the Modi group split in 1979, it has become a part of the KK Modi group of companies which spans a diverse range of businesses including agro-chemicals, tobacco, education, entertainment, tea and beverages, direct selling, network marketing, gourmet restaurants, steel, sugar, textiles, chemicals, tires, computers, copiers, cosmetics, telecommunications, entertainment, pharmaceuticals, homecare, and online lottery.

The Geographical Company Operations at the company’s plants at Modipuram and Modinagar in Uttar Pradesh and Partapur in Rajasthan remain suspended since August 2001. Several centers of the nearly 66 sales and service centers all over India have been closed. The company is trying to restructure activities for revival.

The company was declared as a sick company by the Board for Industrial & Financial Reconstruction (BIFR) on May 17, 2006. A comprehensive rehabilitation scheme for revival was submitted the appointed operating agency to the BIFR, which vide its order dated April 21, 2008, sanctioned it for implementation.

The registered office of the company is located at Modinagar, Ghaziabad - 201204, Uttar Pradesh.

In 2011 Modi Rubber signed agreements with Continental Group and in 2012 Modi Rubber entered into an agreement to establish a Joint Venture with Asahi Organic Chemicals Industry Co. Ltd., Japan for manufacture and sale of Resin coated Sand.

Business area of the company

The company is engaged in the manufacture of the Modi Continental brand of tires.

Group companies

  • Godfrey Phillips India
  • Modi Tele Fibres
  • Modi Apollo International Institute
  • Men (Modi Entertainment Network)
  • Fashion TV India
  • International Institute Of Fine Arts (IIFA)
  • Sunshine India Lottery
  • Indofil Chemicals Company
  • Beacon Travels Private
  • Modicare
  • Modi Hoover International
  • Modi Healthcare Placements India
  • Royal Airways
  • Pizza Express
  • Uniglobe Travel (South Asia)
  • Uniglobe Mod Tours & Travels
  • Sampatti.com
  • Modiguard
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