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Modi Rubber Ltd. Stock Analysis

Small Cap
Evaluated by 219 users | BSE: 500890 | NSE: MODIRUBBER |
Miscellaneous
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Sep'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -7.21%4.29%4.34%0.01%1.77%2.37%3.72%-11.2%1.98%2.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1315.46.63.65.25.45.25.95.25.1
Y-o-Y Gr. Rt.-18.3%-57.1%-45.8%45.5%3.5%-4.5%15.2%-11.6%-2.1%
Adjusted EPS (Rs.) -3.770.931.4600.981.332.16-7.391.151.57
Y-o-Y Gr. Rt.-NA57%-100%NA35.7%62.4%-442.1%NA36.5%
Book Value per Share (Rs.) 23.128.535.7654.1454.6256.763.8362.7865.7467.16
Adjusted Net Profit -9.42.33.602.53.35.4-18.52.93.9
Net Op. Cash Flow (Rs. Cr.) -9.9-10.5-20.3-0.57-16.1-15-21-19.5-11.3
Debt to Cash Flow from Ops -6.04-0.39-0.16-4.990.45-0.19-0.26-0.17-0.17-0.3
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Modi Rubber Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -9.8%-0.3%-0.1%-2.1%
Adjusted EPS NA9.9%-10.1%36.5%
Book Value per Share 12.64.21.72.2
Share Price 1% -11% -35.2% -34.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Sep'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -14.944.074.530.011.82.393.59-11.681.792.37
Operating Profit Margin (%) -132.98-145.1-142.62-370.18-243.6-244.36-276.03-298.85-299.14-285.44
Net Profit Margin (%) -72.4715.1555.210.2147.0161.84105.1-312.3754.976.7
Debt to Equity 1.040.060.040.020.020.020.020.020.020.02
Working Capital Days 1,2219993,3827,0944,8714,1934,5543,9504,3054,055
Cash Conversion Cycle -5-85-128-64-133577662317
Entity Percentage Holding
Promoters 62.69%
Institutions 2.50%
Non-Institutions 34.81%
Pledged *8.208.208.208.208.208.208.208.208.208.20
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Modi Rubber Ltd.'s performance infers:

Modi Rubber Ltd. earnings have grown by 9.9%, whereas share price has depreciated -11% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

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.

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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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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