MODINATUR
Modi Naturals Limited
Consumer food products, bulk oils, and ethanol manufacturer
Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Other Agricultural Products
modinaturals.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Modi Naturals sells branded edible oils and packaged foods to Indian consumers, sells bulk oils, and runs a grain-based ethanol distillery that supplies oil marketing companies.
Company snapshot
15thBy market cap
Ranked among 23 companies in Other Agricultural Products.
What we see
- ✓Return on equity of 29.2% — the company generates strong returns on shareholders' money.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92 Cr | 104 Cr | 120 Cr | 148 Cr | 147 Cr | 179 Cr | 190 Cr | 155 Cr | 147 Cr | 174 Cr | 243 Cr | 156 Cr |
| Operating expenses (approx.) | 90 Cr | 106 Cr | 114 Cr | 134 Cr | 133 Cr | 166 Cr | 174 Cr | 137 Cr | 132 Cr | 158 Cr | 219 Cr | 133 Cr |
| EBITDA | 2 Cr | -1 Cr | 6 Cr | 13 Cr | 13 Cr | 13 Cr | 16 Cr | 18 Cr | 15 Cr | 16 Cr | 24 Cr | 22 Cr |
| OPM % | 2.5% | -1.2% | 4.7% | 9.0% | 9.1% | 7.4% | 8.5% | 11.4% | 10.4% | 9.2% | 10.1% | 14.2% |
| Other income | 0.02 Cr | 0.08 Cr | 0.89 Cr | 0.56 Cr | 0.72 Cr | 0.06 Cr | 0.14 Cr | 0.04 Cr | 0.71 Cr | 0.03 Cr | 0.21 Cr | -0.33 Cr |
| Interest | 1 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 1 Cr | 3 Cr |
| Depreciation | 0.39 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr |
| Profit before tax | 0.90 Cr | -5 Cr | 1 Cr | 9 Cr | 9 Cr | 8 Cr | 11 Cr | 13 Cr | 12 Cr | 12 Cr | 26 Cr | 16 Cr |
| Tax % | 16.0% | 14.8% | 6.4% | 14.5% | 14.9% | 14.2% | 26.7% | 21.9% | 15.2% | 17.3% | 24.6% | 21.6% |
| Net profit | 0.76 Cr | -4 Cr | 1 Cr | 7 Cr | 8 Cr | 7 Cr | 8 Cr | 10 Cr | 10 Cr | 10 Cr | 20 Cr | 13 Cr |
| EPS (₹) | ₹0.60 | ₹-3.15 | ₹1.11 | ₹5.61 | ₹5.70 | ₹5.88 | ₹6.05 | ₹7.87 | ₹7.58 | ₹7.56 | ₹15.00 | ₹9.44 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 474 Cr | 418 Cr | 400 Cr | 663 Cr | 719 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 459 Cr | 413 Cr | 391 Cr | 607 Cr | 646 Cr | Sign in free for the trailing twelve months |
| EBITDA | 15 Cr | 5 Cr | 9 Cr | 56 Cr | 73 Cr | Sign in free for the trailing twelve months |
| OPM % | 3.1% | 1.2% | 2.3% | 8.4% | 10.2% | Sign in free for the trailing twelve months |
| Other income | 1 Cr | 2 Cr | 1 Cr | 1 Cr | 0.98 Cr | Sign in free for the trailing twelve months |
| Interest | 2 Cr | 4 Cr | 8 Cr | 12 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Depreciation | 1 Cr | 2 Cr | 4 Cr | 8 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 13 Cr | 2 Cr | -2 Cr | 38 Cr | 64 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.7% | 42.5% | 20.3% | 17.7% | 20.9% | Sign in free for the trailing twelve months |
| Net profit | 9 Cr | 1 Cr | -1 Cr | 31 Cr | 50 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹7.38 | ₹0.93 | ₹-0.89 | ₹23.25 | ₹38.01 | Sign in free for the trailing twelve months |
| Dividend payout % | 0.0% | 0.0% | — | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr |
| Reserves | 65 Cr | 69 Cr | 77 Cr | 108 Cr | 159 Cr |
| Borrowings | 51 Cr | 143 Cr | 170 Cr | 149 Cr | 161 Cr |
| Other liabilities | 37 Cr | 38 Cr | 46 Cr | 59 Cr | 73 Cr |
| Total liabilities | 165 Cr | 263 Cr | 306 Cr | 330 Cr | 407 Cr |
| Fixed assets (net) | 26 Cr | 27 Cr | 149 Cr | 145 Cr | 214 Cr |
| CWIP | 0 Cr | 91 Cr | 0.03 Cr | 16 Cr | 19 Cr |
| Investments | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Inventories | 94 Cr | 85 Cr | 96 Cr | 84 Cr | 89 Cr |
| Trade receivables | 19 Cr | 19 Cr | 27 Cr | 48 Cr | 47 Cr |
| Cash & bank | 4 Cr | 2 Cr | 0.35 Cr | 0.28 Cr | 2 Cr |
| Other assets | 22 Cr | 38 Cr | 34 Cr | 37 Cr | 36 Cr |
| Total assets | 165 Cr | 263 Cr | 306 Cr | 330 Cr | 407 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operating activity | -13 Cr | -6 Cr | -7 Cr | 49 Cr | 61 Cr |
| Cash from investing | -13 Cr | -91 Cr | -32 Cr | -28 Cr | -72 Cr |
| Cash from financing | 30 Cr | 95 Cr | 37 Cr | -21 Cr | 12 Cr |
| Net cash flow | 4 Cr | -2 Cr | -2 Cr | -0.07 Cr | 2 Cr |
| Free cash flow (OCF − Capex) | -22 Cr | -96 Cr | -40 Cr | 29 Cr | -19 Cr |
Ratios
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | 11.5% | 2.4% | 2.3% | 18.3% | 21.4% |
| ROE % | 12.1% | 1.3% | -1.5% | 25.5% | 29.2% |
| Debtor days | 15 | 17 | 25 | 26 | 24 |
| Inventory days | 90 | 95 | 118 | 60 | 61 |
| Days payable | 12 | 20 | 31 | 20 | 22 |
| Cash conversion cycle | 93 | 92 | 112 | 66 | 63 |
| OCF / EBITDA % | -87.5% | n.m. | n.m. | 87.1% | 83.1% |
| OCF / EBITDA % (3 years) | — | — | n.m. | 51.6% | 74.4% |
| Debt / equity | 0.66 | 1.74 | 1.87 | 1.22 | 0.94 |
| Current ratio | 1.59 | 1.53 | 1.24 | 1.22 | 1.66 |
| Net debt / EBITDA | 3.13 | 26.89 | 18.66 | 2.65 | 2.17 |