Modi Rubber Ltd
NSE: MODIRUBBER · Tyres & Rubber Products · sector
₹108.40NSE close 2026-10-26
Key numbers
Market cap₹271 cr
Price₹108.40
52w high / low₹168 / ₹98
P/E–Sector median 20.0x
P/B0.4xSector median 2.4x
Book value₹270.3
Dividend yield1.56%Sector median 0.98%
ROE0.0%Sector median 9.0%
ROCE-2.0%Sector median 11.2%
OPM-73.7%Sector median 5.6%
Debt / equity0.03xSector median 0.37x
EV/EBITDA–Sector median 14.4x
Interest cover-8.3x
Current ratio2.23x
Sales growth 3y+86.0%Sector median +3.7%
Profit growth 3y-71.5%Sector median +13.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹72 cr vs borrowings ₹20 cr (FY26): cash is higher (net cash).
- Operating profit covered interest -8.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 1,57,000% of net profit in the last 12 months.
- Debtor days went from 365 (FY24) to 262 (FY26).
- No dividend in the last 5 financial years.
- Price ₹108.40 on 2026-10-26: -35.3% from the 52-week high, +10.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹143.14 · low ₹96.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 10 | 7 | 7 | 8 | 7 | 12 | 8 |
| EBITDA | -4 | -6 | -7 | -5 | -4 | -8 | -9 | -5 |
| OPM % | -60.2% | -54.7% | -103.8% | -71.5% | -53.3% | -104.2% | -75.5% | -62.6% |
| Other income | 5 | 4 | 3 | 4 | 3 | 9 | -2 | 6 |
| Net profit | 6 | 6 | 1 | 5 | 5 | 5 | -14 | 4 |
| EPS (₹) | 2.53 | 2.48 | 0.46 | -1.51 | 1.82 | 2.03 | -5.55 | 1.70 |
| Revenue YoY | +20.2% | -29.1% | +70.9% | +10.0% | ||||
| Profit YoY | -27.8% | -17.9% | -1,296.6% | -12.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5 | 5 | 22 | 29 | 34 | 35 |
| EBITDA | -22 | -19 | -18 | -20 | -26 | -26 |
| Net profit | 26 | 28 | 16 | 20 | 1 | 0 |
| EPS (₹) | 10.24 | 11.06 | 6.21 | 8.19 | 0.26 | – |
| Revenue growth | +3.7% | +321.8% | +30.1% | +17.3% | +12.9% | |
| Profit growth | +7.9% | -43.9% | +31.7% | -96.9% | -100.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +86.0% | +65.3% | +12.9% |
| Net profit | -71.5% | -32.6% | -100.0% |
| EPS | -71.4% | -32.4% | – |
| Share price | – | -4.3% (2y) | -8.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 638 | 655 | 688 | 676 |
| Borrowings | – | 20 | 17 | 17 | 20 |
| Cash & equivalents | – | 75 | 78 | 74 | 72 |
| Total assets | – | 726 | 744 | 770 | 771 |
| Fixed assets | – | 214 | 215 | 212 | 209 |
| Capital work in progress | – | 10 | 10 | 0 | 0 |
| Investments | – | 226 | 109 | 128 | 111 |
| Receivables | – | 18 | 22 | 24 | 25 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 9 | 9 | 10 | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -25 | -18 | 32 | -3 | -11 |
| Cash from investing | 27 | 24 | -29 | 10 | 17 |
| Cash from financing | -1 | -1 | -4 | -6 | -4 |
| Capex | 5 | 10 | 3 | 2 | 0 |
| Free cash flow | -30 | -28 | 29 | -5 | -11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.3% | 2.4% | 3.0% | 0.1% |
| ROCE % | – | -1.7% | -0.5% | -1.1% | -2.3% |
| Debtor days | – | 1,240 | 365 | 297 | 262 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 1,134 | 1,210 | 972 | 1,168 |
| Cash conversion cycle (days) | – | 106 | -845 | -675 | -906 |
| Working capital days | – | 4,592 | 1,312 | 1,049 | 749 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.69% |
| FIIs | 2.01% |
| DIIs | 0.01% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Public (non-institutions) | 35.29% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.69% | 62.69% | 62.69% | 62.69% | 62.69% | 62.69% | 62.69% | 62.69% |
| Promoter group | % |
|---|---|
| MOD Fashions and Securities Private Limited | 47.96% |
| witta International inc | 10.20% |
| M/S Modi Industries Ltd | 3.19% |
| Indofil Organic Industries Ltd | 0.86% |
| Leaf Investment Private Limited | 0.20% |
| Uniglobe MOD Travels Private Limited | 0.18% |
| A LA Mode Garments Private Limited | 0.10% |
| Public holders above 1% | % |
|---|---|
| Kinborough Limited | 22.92% |
| JP Morgan Securities Asia Pacific Ltd | 2.00% |
| Merlin Resources Private Ltd. | 1.98% |
14,033 shareholders. Pledged: 0.00% of promoter shares.
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| MODIRUBBER | ₹271 cr | – | 0.4x | 0.0% | -2.0% | -73.7% | +86.0% | 1.56% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Travel services | ₹26 cr | 74.3% | ₹5 cr | 20.6% |
| Real estate services | ₹5 cr | 13.5% | ₹3 cr | 65.0% |
| Others | ₹4 cr | 12.2% | ₹2 cr | 39.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-17 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
| 2012-03-19 | Other | Annual General Meeting |
| 2010-10-21 | Other | Annual General Meeting |
| 2009-09-18 | Other | Annual General Meeting |
| 2008-09-19 | Other | Annual General Meeting |
| 2007-10-30 | Other | Agm |
| 2006-12-21 | Other | Agm |
| 2005-09-20 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | MODIRUBBER |
| BSE code | 500890 |
| ISIN | INE832A01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.