Overview

Detailed Summary

Modi Rubber Ltd. (MRL) is a key player in the manufacturing of automobile tyres, exporting to various international markets while maintaining a strategic technical collaboration with Continental Aktiengesellschaft.
MRL operates one of Asia's most modern tyre manufacturing plants in Modipuram, producing steel radial tyres for trucks and other vehicles.
The company is expanding into radial tyres for passenger cars with new technology, launching successful product lines like Multilife 2000 and Marathon 2000, reflecting its adaptability to market demands.
MRL has faced operational challenges, notably the legal and financial restructuring issues with its Modinagar plant under the BIFR scheme, highlighting risks tied to regulatory and legal frameworks.
Strategic moves by promoters to secure NRI investment for an open offer indicate a focus on consolidating ownership and strengthening the company's financial position.

Sector: Auto Components
Industry: Tyres & Rubber Products
Market Cap: 302 Cr
Volatility: Low Risk
P/E Ratio: 471.5
Industry P/E: 37.8
PEG Ratio: 14.6
P/B Ratio: 0.6
52W High: 167.80
52W Low: 100.25

Sales CAGR

1Y: 30.12%
3Y: 22.84%
5Y: -4.89%
10Y: -3.26%

Profit CAGR

1Y: 31.75%
3Y: -23.31%
5Y: -16.01%
10Y: -8.46%

ROE

TTM: 0.09%
3Y: 3.21%
5Y: 3.09%
10Y: 3.13%

ROCE

TTM: 0.64%
3Y: 4.04%
5Y: 3.67%
10Y: 4.20%

Technicals

‌

Forecasts

Peers

Consumer Discretionary Auto Components Tyres & Rubber Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
VRWODAR		144.80	410 Cr	65.94	12.14	0.00	17.15	11.85	6.62
TOLINS		102.40	402 Cr	11.26	1.11	0.00	9.88	12.47	9.09
MODIRUBBER		120.00	302 Cr	471.45	0.57	0.00	0.09	0.64	0.08
INDAG		97.80	255 Cr	25.48	1.10	2.47	4.41	4.95	2.58
DOLFIN		170.85	171 Cr	30.80	4.38	0.00	14.23	11.94	6.71
ITTL		69.25	69 Cr	-36.26	0.00	0.00	9.40	0.56	-3.11
TTIL		6.36	47 Cr	72.95	0.46	0.00	1.17	1.43	0.31
Median: 7 Co.	—	102.40	255 Cr	30.80	1.10	0.00	9.40	4.95	2.58

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	7.22	5.44	5.34	6.50	10	7.04	7.10	7.81	7.32	12
Expenses	11	13	8.97	10	16	14	12	12	15	21
Operating Profit	-4.04	-7.65	-3.63	-3.91	-5.64	-7.36	-5.08	-4.16	-7.63	-9.08
OPM %	-55.96	-140.63	-67.98	-60.15	-54.65	-104.55	-71.55	-53.27	-104.23	-75.48
Other Income	12	17	12	14	11	10	11	10	14	-0.80
Interest	0.57	1.89	0.48	0.44	0.47	0.51	0.42	0.38	0.42	0.46
Depreciation	0.82	0.85	0.74	0.78	0.79	1.22	1.04	1.08	1.09	1.07
Profit Before Tax	6.95	6.42	7.40	9.13	3.99	1.41	4.48	4.56	5.13	-11
Tax %	19.57	50.78	8.38	30.78	-55.14	17.02	-8.93	0.00	0.97	-21.65
Net Profit	5.59	3.16	6.79	6.32	6.19	1.16	4.88	4.56	5.08	-14
EPS in Rs	2.24	1.26	2.71	2.53	2.48	0.46	1.95	1.83	2.05	-5.55

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	5.15	5.93	5.24	4.89	2.77	5.13	5.32	22	29	31
Expenses	20	26	21	20	17	27	25	41	50	53
Operating Profit	-14	-20	-16	-15	-14	-22	-19	-18	-21	-22
OPM %	-279.04	-339.62	-304.51	-313.05	-509.67	-424.95	-365.95	-81.04	-70.35	-71.03
Other Income	40	61	33	20	21	53	53	51	48	47
Interest	0.47	0.51	0.58	0.61	0.64	0.59	0.48	3.54	1.90	1.84
Depreciation	1.32	3.22	3.34	2.97	2.68	2.60	2.12	2.92	3.52	3.83
Profit Before Tax	23	37	13	0.69	3.73	28	31	26	22	19
Tax %	-4.51	58.81	30.87	435.88	-23.92	6.93	11.95	40.46	6.70	2.42
Net Profit	24	15	9.06	-2.33	4.62	26	28	16	20	19
EPS in Rs	—	—	-6.64	1.49	-0.23	10.24	11.04	6.21	8.18	0.28
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	25	25	25	25	25	25	25	25	25	25
Reserves	314	370	381	391	382	409	594	613	630	663
Borrowings	2.90	3.56	3.22	2.87	2.92	4.34	4.60	21	21	21
Other Liabilities	51	41	40	33	30	22	62	66	68	62
Total Liabilities	393	439	449	453	439	460	686	726	744	770
Fixed Assets	60	13	32	29	29	27	216	248	253	250
CWIP	7.36	19	0.00	0.00	0.00	0.25	1.67	10	9.52	0.00
Investments	187	291	312	347	343	370	403	377	390	412
Other Assets	139	116	105	77	67	62	66	90	91	109
Total Assets	393	439	449	453	439	460	686	726	744	770

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.86	0.02	-13	21	4.33	-5.86	-25	-18	-22	-29
Cash from Investing Activity	-2.99	-3.48	25	-25	-6.32	1.55	27	24	25	36
Cash from Financing Activity	-2.00	0.74	-0.48	-0.63	-0.33	-0.82	-0.68	-0.68	-3.97	-5.52
Net Cash Flow	-4.13	-2.73	11	-3.82	-2.32	-5.13	1.28	5.67	-1.29	1.54

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	59.50%	59.50%	62.69%	62.69%	62.69%	62.69%	62.69%	62.69%	62.20%	62.20%	62.69%	62.69%
FIIs	0.15%	0.10%	0.10%	0.03%	0.02%	0.02%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%
DIIs	2.04%	2.01%	2.01%	2.01%	2.01%	2.01%	2.01%	2.01%	2.00%	2.00%	2.01%	2.01%
Public	38.31%	38.39%	35.19%	35.26%	35.27%	35.27%	35.29%	35.29%	35.80%	35.80%	35.29%	35.29%
Total Shareholders	13,156	13,553	13,915	14,099	14,105	14,096	14,197	14,469	14,258	14,576	14,237	14,023

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

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Actions

Action Type

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Announcements

Last 7 days

Sentiment

Partnership/JV

1 day ago

Modi Rubber approves JV support for GGL expansion

Modi Rubber Ltd approved by circulation the execution of a Letter of Comfort and Undertaking and an Inter Se Agreement with Guardian International for Gujarat Guardian Ltd's expansion (second float glass line) and authorised officials to sign documents.

Partnership/JV

1 day ago

Modi Rubber approves Letter of Comfort for GGL expansion

Modi Rubber Ltd board approved execution of a Letter of Comfort, Undertaking and Inter-Se Agreement with JV partner Guardian International LLC USA for Gujarat Guardian Limited's expansion; financing to include borrowings and internal accruals.

AGM/EGM Notice

3 days ago

Modi Rubber: Postal Ballot for Independent Director

Modi Rubber Ltd issued a postal ballot notice to appoint Mr Ajay Kumar Jain as an Independent Director for five years. E-voting open from 09:00 on 2026-07-29 to 17:00 on 2026-08-27; results to be announced within 48 hours thereafter.

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Frequently Asked Questions about Modi Rubber Ltd

Modi Rubber Ltd (MODIRUBBER) is currently trading at 120.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Modi Rubber Ltd. (MRL) is a key player in the manufacturing of automobile tyres, exporting to various international markets while maintaining a strategic technical collaboration with Continental Aktiengesellschaft. MRL operates one of Asia's most modern tyre manufacturing plants in Modipuram, producing steel radial tyres for trucks and other vehicles. The company is expanding into radial tyres for passenger cars with new technology, launching successful product lines like Multilife 2000 and Marathon 2000, reflecting its adaptability to market demands. MRL has faced operational challenges, notably the legal and financial restructuring issues with its Modinagar plant under the BIFR scheme, highlighting risks tied to regulatory and legal frameworks. Strategic moves by promoters to secure NRI investment for an open offer indicate a focus on consolidating ownership and strengthening the company's financial position.

Over the past 52 weeks, Modi Rubber Ltd has traded between a low of ₹100.25 and a high of ₹167.80. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Modi Rubber Ltd has a market capitalization of approximately 301.73. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Modi Rubber Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 471.45 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 301.73 Cr, Modi Rubber Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Modi Rubber Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Modi Rubber Ltd is 471.45. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Modi Rubber Ltd

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