MODIRUBBER

Modi Rubber Limited

Holding and investment company with tyre operations

Consumer Discretionary›Automobile and Auto Components›Auto Components›Tyres & Rubber Products

modirubberlimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹117.31
Market cap
293 Cr
Stock P/E
36178.7
P/B
0.43
Dividend yield
1.4%
ROE (FY26)
0.1%
ROCE (FY26)
0.6%
Operating margin (FY26)
-88.3%
Debt / equity (FY26)
0.03

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Modi Rubber is a holding and investment company with legacy tyre/rubber operations — consolidated earnings increasingly driven by dividends, associate/JV profits and fair-value movements rather than standalone manufacturing scale.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Others
82.4%
5 Cr0.74 Cr119 Cr
Real estate services
3.0%
0.19 Cr16 Cr640 Cr
Travel services
16.2%
1 Cr2 Cr37 Cr

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.9% — little room for error if costs rise.
3 more signals from the filings.Sign in free to see them all

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales5 Cr7 Cr5 Cr5 Cr7 Cr10 Cr7 Cr7 Cr8 Cr7 Cr12 Cr8 Cr
Operating expenses (approx.)8 Cr11 Cr13 Cr9 Cr10 Cr16 Cr14 Cr12 Cr12 Cr15 Cr21 Cr13 Cr
EBITDA-3 Cr-4 Cr-8 Cr-4 Cr-4 Cr-6 Cr-7 Cr-5 Cr-4 Cr-8 Cr-9 Cr-5 Cr
OPM %-64.0%-55.8%-140.5%-68.0%-60.2%-54.7%-104.5%-71.6%-53.3%-104.3%-75.5%-62.5%
Other income3 Cr5 Cr8 Cr4 Cr5 Cr4 Cr3 Cr4 Cr3 Cr9 Cr-2 Cr6 Cr
Interest0.65 Cr0.57 Cr2 Cr0.48 Cr0.44 Cr0.47 Cr0.51 Cr0.42 Cr0.38 Cr0.42 Cr0.46 Cr0.46 Cr
Depreciation0.71 Cr0.82 Cr0.85 Cr0.73 Cr0.78 Cr0.79 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.90 Cr
Profit before tax7 Cr7 Cr6 Cr7 Cr9 Cr4 Cr1 Cr4 Cr5 Cr5 Cr-11 Cr5 Cr
Tax %53.8%19.6%50.8%8.3%30.8%-55.2%17.4%-8.8%-0.0%1.0%-21.7%6.5%
Net profit3 Cr6 Cr3 Cr7 Cr6 Cr6 Cr1 Cr5 Cr5 Cr5 Cr-14 Cr4 Cr
EPS (₹)₹1.27₹2.24₹1.26₹2.71₹2.53₹2.48₹0.46₹-1.51₹1.82₹2.03₹-5.55₹1.70

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5 Cr6 Cr5 Cr5 Cr3 Cr5 Cr5 Cr22 Cr29 Cr34 CrSign in free for the trailing twelve months
Operating expenses (approx.)20 Cr26 Cr21 Cr20 Cr17 Cr27 Cr25 Cr41 Cr50 Cr60 CrSign in free for the trailing twelve months
EBITDA-14 Cr-20 Cr-16 Cr-15 Cr-14 Cr-22 Cr-19 Cr-18 Cr-21 Cr-26 CrSign in free for the trailing twelve months
OPM %-279.0%-339.6%-304.5%-313.0%-509.7%-424.9%-365.9%-81.0%-70.3%-75.8%Sign in free for the trailing twelve months
Other income9 Cr9 Cr20 Cr11 Cr13 Cr8 Cr10 Cr18 Cr17 Cr15 CrSign in free for the trailing twelve months
Interest0.47 Cr0.51 Cr0.58 Cr0.61 Cr0.64 Cr0.59 Cr0.48 Cr4 Cr2 Cr2 CrSign in free for the trailing twelve months
Depreciation1 Cr3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr3 Cr4 Cr4 CrSign in free for the trailing twelve months
Profit before tax23 Cr37 Cr13 Cr0.69 Cr4 Cr28 Cr31 Cr26 Cr22 Cr3 CrSign in free for the trailing twelve months
Tax %-4.5%58.8%30.9%435.9%-23.9%6.9%12.0%40.5%6.7%76.8%Sign in free for the trailing twelve months
Net profit24 Cr15 Cr9 Cr-2 Cr5 Cr26 Cr28 Cr16 Cr20 Cr0.64 CrSign in free for the trailing twelve months
EPS (₹)₹9.76₹6.13₹3.62₹-0.93₹1.84₹10.24₹11.06₹6.21₹8.19₹0.26Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%663.8%Sign in free for the trailing twelve months
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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves135 Cr132 Cr391 Cr382 Cr409 Cr594 Cr613 Cr630 Cr663 Cr651 Cr
Borrowings4 Cr3 Cr3 Cr3 Cr3 Cr3 Cr20 Cr17 Cr17 Cr20 Cr
Other liabilities41 Cr40 Cr33 Cr30 Cr23 Cr68 Cr67 Cr71 Cr64 Cr74 Cr
Total liabilities204 Cr200 Cr453 Cr439 Cr460 Cr689 Cr726 Cr744 Cr770 Cr771 Cr
Fixed assets (net)13 Cr32 Cr29 Cr29 Cr27 Cr216 Cr214 Cr215 Cr212 Cr209 Cr
CWIP19 Cr——0 Cr0.25 Cr2 Cr10 Cr10 Cr0 Cr0 Cr
Investments82 Cr88 Cr347 Cr343 Cr370 Cr403 Cr293 Cr390 Cr412 Cr402 Cr
Loans & advances———0.85 Cr2 Cr3 Cr0.98 Cr0.84 Cr2 Cr3 Cr
Inventories0.75 Cr0.75 Cr—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables3 Cr1 Cr0.43 Cr0.69 Cr0.79 Cr0.30 Cr18 Cr22 Cr24 Cr25 Cr
Cash & bank1 Cr12 Cr8 Cr6 Cr1 Cr2 Cr8 Cr7 Cr8 Cr11 Cr
Other assets86 Cr66 Cr68 Cr59 Cr59 Cr64 Cr181 Cr99 Cr112 Cr122 Cr
Total assets204 Cr200 Cr453 Cr439 Cr460 Cr689 Cr726 Cr744 Cr770 Cr771 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity0.02 Cr-13 Cr21 Cr4 Cr-6 Cr-25 Cr-18 Cr32 Cr-3 Cr-11 Cr
Cash from investing-3 Cr25 Cr-25 Cr-6 Cr2 Cr27 Cr24 Cr-29 Cr10 Cr17 Cr
Cash from financing0.74 Cr-0.48 Cr-0.63 Cr-0.33 Cr-0.82 Cr-0.68 Cr-0.68 Cr-4 Cr-6 Cr-4 Cr
Net cash flow-3 Cr11 Cr-4 Cr-2 Cr-5 Cr1 Cr6 Cr-1 Cr2 Cr2 Cr
Free cash flow (OCF − Capex)-17 Cr-15 Cr21 Cr3 Cr-6 Cr-30 Cr-28 Cr29 Cr-5 Cr-11 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.7%12.0%3.3%0.3%1.0%4.5%4.8%4.4%3.4%0.6%
ROE %4.3%-1.8%2.2%-0.6%1.1%4.1%4.3%2.4%3.0%0.1%
Debtor days204683051104211236365296261
Inventory days5346—0000000
Days payable31616795103182150113112109691164
Cash conversion cycle-58-53-65-52-78-129106-845-673-903
Debt / equity0.020.020.00690.00720.00600.00400.030.030.030.03
Current ratio0.671.092.162.725.363.862.702.912.862.23
Net debt / EBITDA——————————