Modi Rubber Ltd
MODI

Modi Rubber Ltd (MODIRUBBER)

₹61.10.74%

Key Stats

₹61
Day's Price Range
₹61.45
₹58
52-Week Price Range
₹116.7
1 Month Return-9.42 %
3 Month Return-8.68 %
1 Year Return-17.66 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 11
6.14
EPS
Rank 30
₹10.01
BVPS
Rank 14
₹173.26
Dividend Yield
Rank 36
ROE
Rank 80
7.49%
Price To Book Ratio
Rank 10
0.35
Debt To Asset
Rank 119
0.07

Company Information

Incorporated in Feb.71 Modi Rubber MRL a B K Modi group company manufactures automobile tyres. It has entered into a technical collaboration with the German tyre major Continental Aktiengesellschaft to manufacture steel radial tyres for trucks. The company has a stateoftheart plant at Modipuram which is one of the most modern tyre manufacturing plants in Asia. The company has a 12.4 market share and is doing well on the export front. It has also won the CAPEXIL export award for its excellent export performance. MRL exports to countries like Vietnam the Philippines Singapore the US the UK Bangladesh Afghanistan Syria Sri Lanka and the Latin American countries. However exports to Pakistan and Afganistan received a set back due to political condition and a stiff competition from China. The company has set up the facilities for manufacture of automobile tubes at Partapur UP.The company expansion plans for manufacture of radial tyres for passenger cars and light commercial vehicles with latest technology from collaborator has been very supportive. The company has been successful in launching new range of Truck LCV tyres as well as premium tractor tyres which are finding better acceptance in the market. It has introduced a number of new tyres for super heavy and heavy load areas under the brand name Multilife 2000 and Marathon 2000. The company is planning to tap normal load areas like South India and part of West Zone in India with upgraded technology tyres to further increase its market share in these regions.In a move that would aid the existing promoters of the company in coming up with an open offer for buying out the 44 stake of the financial institutions in the company the promoters have spoken to various NRI investors to bring in investments to the tune of 810 million the open offer by purchasing a maximum of 52.58 lakh shares representing 21 of the companys paid up equity. The proposal is awaiting a final approval from the Industry Minister.
OrganisationModi Rubber Ltd
HeadquartersGhaziabad
IndustryMiscellaneous