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BSE: 500890 | NSE: MODIRUBBER | Miscellaneous | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Modi Rubber Ltd is a below average quality company.
The key valuation ratios of Modi Rubber 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 Strong which suggest that the price of Modi Rubber Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.8% | 2.6% | 2.8% | 11.8% | 3.7% | 5.3% | 4.3% | 4% | 5.7% | 18.1% | - |
| Value Creation Index ⓘ | -0.9 | -0.8 | -0.8 | -0.2 | -0.7 | -0.6 | -0.7 | -0.7 | -0.6 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 5.2 | 5.4 | 5.2 | 5.9 | 5.2 | 5.1 | 3 | 2.2 | 2.7 | 2.8 | 0 |
| Sales YoY Gr. | - | 3.5% | -4.5% | 15.2% | -11.6% | -2.1% | -41.3% | -28.2% | 25.9% | 1.1% | - |
| Adj EPS ⓘ | 1 | 1.3 | 2.2 | -7.4 | 1.2 | 1.6 | 3 | 2.9 | 3.2 | 10.5 | 7.9 |
| YoY Gr. | - | 35.7% | 62.4% | -442.1% | NA | 36.5% | 89.8% | -2% | 8.9% | 230.5% | - |
| BVPS (₹) ⓘ | 54.6 | 56.7 | 63.8 | 62.8 | 65.7 | 67.2 | 74.8 | 80.7 | 81.2 | 93.3 | 92 |
| Adj Net Profit ⓘ | 2.5 | 3.3 | 5.4 | -18.5 | 2.9 | 3.9 | 7.5 | 7.3 | 8 | 26.3 | 20 |
| Cash Flow from Ops. ⓘ | 7 | -16.1 | -15 | -21 | -19.5 | -11.3 | -4.1 | -21.4 | -17 | -29.6 | - |
| Debt/CF from Ops. ⓘ | 0.5 | -0.2 | -0.3 | -0.2 | -0.2 | -0.3 | -0.7 | -0.1 | -0.2 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -6.9% | -12.1% | -3% | 1.1% | ||||
| Adj EPS ⓘ | 30.2% | 55.7% | 52.2% | 230.5% | ||||
| BVPSⓘ | 6.1% | 7.3% | 7.6% | 14.8% | ||||
| Share Price | 18.7% | 23.5% | 13.3% | 55.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.8 | 2.4 | 3.6 | -11.7 | 1.8 | 2.4 | 4.2 | 2.7 | 2.3 | 7.2 | 8.5 |
| Op. Profit Mgn % ⓘ | -243.6 | -244.4 | -276 | -298.9 | -299.1 | -285.4 | -437.9 | -819.1 | -692.1 | -772.7 | NAN |
| Net Profit Mgn % ⓘ | 47 | 61.8 | 105.1 | -312.4 | 54.9 | 76.7 | 247.8 | 338.7 | 293.2 | 958.3 | INF |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 4,871 | 4,193 | 4,554 | 3,950 | 4,305 | 4,055 | 6,661 | 10,047 | 8,302 | 7,747 | 0 |
| Cash Conv. Cycle ⓘ | -13 | 35 | 77 | 66 | 23 | 17 | 73 | -56 | -50 | 52 | 0 |
Return on Equity has increased versus last 3 years average to 8.50%
Net Profit is growing at healthy rate in last 3 years 52.22%
Sales growth has been subdued in last 3 years -2.97%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.9 | 7.5 |
| TTM Sales (₹ Cr.) | 0 | 2.8 |
| BVPS (₹.) ⓘ | 92 | 202.1 |
| Reserves (₹ Cr.) ⓘ | 205 | 481 |
| P/BV ⓘ | 1.39 | 0.63 |
| PE ⓘ | 16.26 | 17.09 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 78.11 / 156.75 |
| All Time Low / High (₹) | 14.90 / 210.90 |
| Market Cap (₹ Cr.) | 320 |
| Equity (₹ Cr.) | 25 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 12.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5 | 5 | 5 | 6 | 5 | 5 | 3 | 2 | 3 | 3 |
| Operating Expenses ⓘ | 23 | 19 | 19 | 24 | 21 | 20 | 16 | 23 | 22 | 24 |
| Manufacturing Costs | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 5 | 7 | 7 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 4 | 4 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 |
| Other Costs ⓘ | 14 | 10 | 11 | 14 | 11 | 10 | 8 | 15 | 11 | 13 |
| Operating Profit ⓘ | -17 | -13 | -14 | -18 | -16 | -15 | -13 | -21 | -19 | -21 |
| Operating Profit Margin (%) | -333.0% | -244.0% | -276.0% | -298.0% | -299.0% | -285.0% | -437.0% | -972.0% | -692.0% | -772.0% |
| Other Income ⓘ | 20 | 18 | 20 | 20 | 25 | 27 | 31 | 31 | 33 | 64 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 2 |
| Depreciation ⓘ | 2 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 21 | 0 | 0 | -7 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 4 | 4 | 19 | 5 | 8 | 7 | 7 | 11 | 38 |
| Tax ⓘ | 0 | -2 | -3 | 22 | 1 | 3 | 0 | 2 | 3 | 9 |
| Profit After Tax | 1 | 5 | 7 | -3 | 5 | 6 | 8 | 5 | 8 | 29 |
| PAT Margin (%) | 23.0% | 97.1% | 134.5% | -47.9% | 88.1% | 110.0% | 256.0% | 242.7% | 293.3% | 1,040.2% |
| Adjusted EPS (₹) | 0.5 | 2.1 | 2.8 | -1.1 | 1.8 | 2.3 | 3.1 | 2.1 | 3.2 | 11.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 137 | 142 | 160 | 157 | 165 | 168 | 187 | 349 | 351 | 380 |
| Share Capital ⓘ | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves ⓘ | 112 | 117 | 135 | 132 | 140 | 143 | 162 | 324 | 326 | 355 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Long Term Debt | 1 | 0 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Short Term Debt | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 4 | 4 | 4 | 3 | 1 | 1 | 1 | 8 | 8 | 7 |
| Others Liabilities ⓘ | 17 | 15 | 11 | 33 | 29 | 27 | 20 | 61 | 60 | 58 |
| Total Liabilities ⓘ | 161 | 165 | 179 | 197 | 198 | 199 | 211 | 421 | 421 | 447 |
Fixed Assets | ||||||||||
| Gross Block | 75 | 67 | 14 | 37 | 37 | 40 | 40 | 231 | 231 | 238 |
| Accumulated Depreciation | 62 | 57 | 1 | 4 | 8 | 11 | 13 | 16 | 18 | 20 |
| Net Fixed Assetsⓘ | 13 | 10 | 13 | 32 | 29 | 29 | 27 | 216 | 214 | 218 |
| CWIP ⓘ | 0 | 5 | 19 | 0 | 0 | 0 | 0 | 2 | 10 | 10 |
| Investmentsⓘ | 87 | 82 | 82 | 88 | 101 | 109 | 128 | 138 | 134 | 161 |
| Inventories | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 2 | 3 | 3 | 1 | 0 | 1 | 1 | 0 | 2 | 1 |
| Cash Equivalents | 2 | 2 | 1 | 12 | 8 | 6 | 1 | 2 | 3 | 2 |
| Others Assetsⓘ | 57 | 61 | 60 | 62 | 59 | 54 | 54 | 63 | 58 | 55 |
| Total Assets ⓘ | 161 | 165 | 179 | 197 | 198 | 199 | 211 | 421 | 421 | 447 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | -16 | -15 | -21 | -20 | -11 | -4 | -21 | -17 | -30 |
| PBT ⓘ | 1 | 4 | 4 | 19 | 5 | 8 | 7 | 7 | 11 | 38 |
| Adjustment ⓘ | -14 | -17 | -18 | -33 | -18 | -22 | -3 | -22 | -28 | -58 |
| Changes in Working Capital ⓘ | 21 | -2 | 2 | -10 | -7 | 3 | -11 | -5 | 3 | -2 |
| Tax Paid ⓘ | -1 | -1 | -3 | 4 | 0 | -1 | 3 | -1 | -3 | -7 |
| Cash Flow From Investing Activity ⓘ | -8 | 17 | 14 | 32 | 16 | 9 | 0 | 23 | 18 | 30 |
| Capex | 1 | -5 | -17 | -2 | 0 | -1 | 0 | -5 | -9 | 1 |
| Net Investments | -25 | 9 | 15 | 17 | -7 | -8 | -12 | -1 | -1 | -24 |
| Others ⓘ | 16 | 13 | 15 | 17 | 24 | 19 | 12 | 29 | 28 | 53 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1 | 0 | -1 | 0 | -1 | -1 | 0 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | -1 | -1 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 1 | -1 | 11 | -4 | -2 | -5 | 1 | 1 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.88 | 3.75 | 4.59 | -1.79 | 2.87 | 3.39 | 4.34 | 2.69 | 3.93 | 13.07 |
| ROCE (%) | 0.8 | 2.58 | 2.83 | 11.82 | 3.65 | 5.34 | 4.34 | 3.95 | 5.71 | 18.05 |
| Asset Turnover Ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
| PAT to CFO Conversion(x) | 7 | -3.2 | -2.14 | N/A | -4 | -1.83 | -0.5 | -4.2 | -2.13 | -1.03 | Working Capital Days |
| Receivable Days | 82 | 145 | 192 | 123 | 54 | 56 | 117 | 92 | 171 | 240 |
| Inventory Days | 53 | 51 | 53 | 46 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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