MODIRUBBERConsumer Discretionary

Modi Rubber Limited

Tyres & Rubber Products · ISIN INE832A01018 · BSE 500890 · NSE EQ · FV ₹10
Last price
₹124
+4.03%today
What this company does

Modi Rubber Limited operates in Tyres & Rubber Products, part of the Consumer Discretionary sector. It booked ₹8 cr of revenue in its latest quarter (Q1 FY27) and kept 54.3% of sales as profit. It is the 8th largest of 8 Tyres & Rubber Products companies we track, by market value.

In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns40

How much profit it earns on the money it employs

Balance sheet55

How much it owes, and whether earnings cover the interest

Cash quality13

Whether reported profit actually arrives as cash

Growth & consistency56

Whether sales and profit have grown, and how steadily

Valuation70

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 54% net margin
Sales up 10% vs last year
Promoters hold 63%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Profit down 13% vs last year
! Low 2.5% return on equity
! Operating cash flow is negative

What if I invest in MODIRUBBER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹124 +4.03%
latest close · 2026-09-17
1-year return
+99.8%
52-wk low ₹5252-wk high ₹145
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.2Average
LowAverageHigh
P/B ratio0.46Below book
Below bookModerateHigh
EV / EBITDA114.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.5%Weak
WeakFairStrong ▸15%
Return on capital-0.1%Loss
WeakFairStrong
Net margin54.3%Strong
ThinDecentStrong
EBITDA margin8.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover-0.4×Risky
RiskyOkayStrong ▸5×
Current ratio2.23Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹310 cr
Book value
₹270
EPS
₹1.70
latest quarter
Net debt
₹9 cr
owes more than its cash
Enterprise value
₹319 cr
EBITDA
₹3 cr
annualised
EBIT
₹-80.7 L
annualised
Operating margin
-2.6%
Return on assets
2.2%
Earnings yield
5.49%
P/S
9.91
Sales / share
₹12.5
Tax rate
Face value
₹10
Shares
2.5 cr
Working capital
₹70 cr
Current assets
₹127 cr
Current liabilities
₹57 cr
Delivery %
62.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about -2% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹107₹157, midpoint ₹132

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹8 cr
Other Income₹6 cr
Total Income₹13 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹5 cr
Finance Costs₹45.9 L
Depreciation & Amortisation₹90.1 L
Other Expenses₹8 cr
Total Expenses₹14 cr
Profit before Tax₹-66.1 L
Tax Expense₹29.3 L
Share of JV / Associates₹5 cr
Net Profit₹4 cr
Net margin on total income31.7%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹5 cr25.9%
Finance costs₹45.9 L2.5%
Depreciation & amortisation₹90.1 L4.8%
Other expenses₹8 cr42.4%
Tax expense₹29.3 L1.6%
Profit for the period₹4 cr22.8%
Total income ₹13 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue7 cr12 cr8 cr
Total income16 cr10 cr13 cr
Expenses16 cr23 cr14 cr
Profit before tax-17.7 L-13 cr-66.1 L
Tax5.1 L2 cr29.3 L
Net profit (owners' share)5 cr-14 cr4 cr
Net margin (owners' share, on revenue)69.4%-115.4%54.3%
EPS (₹)2.03-5.551.70
YoY (latest quarter): total income +16.0% · net profit -12.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹771 cr
Shareholder equity
₹676 cr
parent shareholders
Total debt
₹20 cr
Cash
₹11 cr
Cash flow · H1 FY26
Operating
₹-26 cr
Investing
₹18 cr
Financing
₹6 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limited₹1,24,585₹52,824 cr26.7
Balkrishna Industries Limited₹2,171₹41,962 cr23.3
Apollo Tyres Limited₹412₹26,176 cr18.7
CEAT Limited₹3,431₹13,724 cr801.7
JK Tyre & Industries Limited₹349₹10,049 cr56.2
TVS Srichakra Limited₹4,886₹3,743 cr27.5
Tolins Tyres Limited₹88₹349 cr14.0
Modi Rubber Limitedthis company₹124₹310 cr18.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
62.7%
FII / Foreign
2.0%
DII / Domestic
0.0%
Retail / others
35.3%
Promoter stake up 1.9% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldQUANTUM (M) LIMITED · NSE2.28 L @ ₹51.4530 Jul 18
BoughtMORGAN STANLEY ASIA (SINGAPORE) PTE · NSE2.28 L @ ₹51.4530 Jul 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To consider and adopt the audited financial statements (including the consolidated financial statements) of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors (‘the Board’) and auditor’s thereon.
This filing does not break the votes down by shareholder group.
2
To re-appoint Mr. Vinay Kumar Modi (DIN: 00274605) who retires by rotation and being eligible, offers himself for reappointment, as a Director.
Promoters had a personal stake in this
This filing does not break the votes down by shareholder group.
3
To consider and approve the appointment of M/s Sanjay Grover & Associates, Company Secretaries, as Secretarial Auditor of the Company.
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 62.7% between them · as of 2026-06-30
MOD FASHIONS AND SECURITIES PRIVATE LIMITED47.96%
witta International inc10.20%
M/S MODI INDUSTRIES LTD3.19%
INDOFIL ORGANIC INDUSTRIES LTD0.86%
LEAF INVESTMENT PRIVATE LIMITED0.20%
UNIGLOBE MOD TRAVELS PRIVATE LIMITED0.18%
A LA MODE GARMENTS PRIVATE LIMITED0.10%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.