Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 92 | 104 | 120 | 148 | 147 | 179 | 190 | 155 | 147 | 174 | 243 | 156 |
| Expenses | 90 | 106 | 114 | 134 | 133 | 166 | 174 | 137 | 132 | 158 | 219 | 133 |
| Operating Profit | 2 | -1 | 6 | 13 | 13 | 13 | 16 | 18 | 15 | 16 | 24 | 22 |
| OPM % | 2.5% | -1.2% | 4.7% | 9% | 9% | 7% | 8% | 11% | 10% | 9% | 10% | 14% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 5 | -0 |
| Interest | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 1 | 3 |
| Depreciation | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 1 | -5 | 1 | 9 | 9 | 9 | 11 | 13 | 12 | 12 | 26 | 16 |
| Tax % | 16% | -15% | 6% | 14% | 15% | 12% | 27% | 22% | 15% | 17% | 25% | 22% |
| Net Profit | 1 | -4 | 1 | 7 | 8 | 8 | 8 | 10 | 10 | 10 | 20 | 12 |
| EPS in Rs | 0.60 | -3.15 | 0.95 | 5.61 | 5.70 | 5.88 | 6.13 | 7.88 | 7.57 | 7.55 | 14.78 | 9.39 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 443 | 474 | 418 | 399 | 663 | 719 | 720 |
| Expenses | 430 | 459 | 412 | 390 | 607 | 645 | 642 |
| Operating Profit | 13 | 15 | 5 | 9 | 56 | 74 | 78 |
| OPM % | 2.9% | 3.2% | 1.3% | 2.3% | 8% | 10% | 11% |
| Other Income | 4 | 1 | 2 | 1 | 1 | 6 | 5 |
| Interest | 1 | 2 | 4 | 7 | 12 | 8 | 9 |
| Depreciation | 1 | 1 | 2 | 4 | 8 | 8 | 9 |
| Profit before tax | 14 | 13 | 2 | -2 | 38 | 64 | 66 |
| Tax % | 25% | 28% | 42% | -21% | 18% | 21% | |
| Net Profit | 11 | 9 | 1 | -1 | 31 | 50 | 52 |
| EPS in Rs | 8.31 | 7.40 | 0.85 | -1.04 | 23.32 | 37.79 | 39.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 10% | 20% | 7% | ||
| Compounded Profit Growth | % | 40% | 248% | 43% | ||
| Stock Price CAGR | 10% | 24% | 5% | -23% | ||
| Return on Equity | % | 17% | 22% | 30% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 55 | 65 | 69 | 77 | 108 | 159 |
| Borrowings | 21 | 51 | 142 | 170 | 149 | 161 |
| Other Liabilities | 33 | 37 | 38 | 46 | 59 | 73 |
| Total Liabilities | 121 | 165 | 263 | 306 | 330 | 407 |
| Fixed Assets | 19 | 26 | 27 | 149 | 145 | 214 |
| CWIP | 0 | 0 | 91 | 0 | 16 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 102 | 139 | 144 | 157 | 169 | 174 |
| Total Assets | 121 | 165 | 263 | 306 | 330 | 407 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 9 | -13 | -6 | -7 | 49 | 61 |
| Cash from Investing Activity | 2 | -13 | -91 | -32 | -28 | -72 |
| Cash from Financing Activity | -12 | 30 | 95 | 37 | -21 | 124 |
| Net Cash Flow | -1 | 4 | -2 | -2 | -0 | 113 |
| Free Cash Flow | 11 | -26 | -96 | -40 | 21 | -19 |
| CFO/OP | 87% | -63% | -35% | -65% | 90% | 96% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 17 | 15 | 17 | 25 | 26 | 24 |
| Inventory Days | 72 | 95 | 98 | 125 | 66 | 64 |
| Days Payable | 8 | 12 | 21 | 33 | 22 | 23 |
| Cash Conversion Cycle | 81 | 98 | 94 | 117 | 70 | 65 |
| Working Capital Days | 42 | 34 | 37 | 26 | 14 | 31 |
| ROCE % | 14% | 3% | 2% | 19% | 22% |
| 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 | 67.50% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% | 69.09% |
| DIIs | 1.73% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 30.78% | 30.85% | 30.91% | 30.91% | 30.90% | 30.91% | 30.91% | 30.92% | 30.91% | 30.91% | 30.91% | 30.90% |
| No. of Shareholders | 6,135 | 6,464 | 6,338 | 6,304 | 6,102 | 6,708 | 6,558 | 6,504 | 6,794 | 6,859 | 6,886 | 6,980 |
Fundamentals
Market Cap₹ 453 Cr.
Current Price₹ 340
Stock P/E9.31
Book Value₹ 129
ROCE22.2 %
ROE30.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)43%
Consolidated figures.
Valuation
Market capRs 411 Cr
Enterprise valueRs 457 Cr
P/E (TTM)7.85x
Price to book5.32x
Price to sales0.57x
EV / EBITDA5.47x
EV / EBIT6.12x
EV / sales0.63x
Earnings yield12.73%
Profitability
Operating margin (excl. other income)3.17%
Operating margin (incl. other income)3.45%
EBITDA margin11.60%
Pre-tax margin9.18%
Net profit margin7.26%
Net margin, latest quarter8.03%
ROE12.92%
ROCE13.79%
ROA6.54%
ROIC (approx.)43.70%
Tax rate27.72%
Other income / net worth1.70%
Growth
Sales growth (latest year)7.11%
Profit growth (latest year)-10.93%
Sales growth QoQ-35.98%
Profit growth QoQ-36.45%
Sales growth YoY (latest quarter)0.37%
Profit growth YoY (latest quarter)19.16%
Per share
EPS (TTM)Rs 41.31
EPS (latest year)Rs 7.40
EPS (latest quarter)Rs 9.88
Book value per shareRs 61.00
Sales per shareRs 568.70
Cash flow per shareRs -10.27
Free cash flow per shareRs -15.01
Efficiency
Asset turnover2.87x
Fixed asset turnover18.39x
Inventory turnover4.14x
Inventory days88 days
Debtor days15 days
Debtors turnover24.95x
Creditor days23 days
Cash conversion cycle65 days
Working capital days31 days
Leverage
Total debtRs 51 Cr
Cash and bankRs 5 Cr
Net debtRs 46 Cr
Debt to equity0.66x
Net debt / EBITDA0.55x
Interest coverage8.75x
Current ratio (filing 2026-03-31)1.66x
Quick ratio (filing 2026-03-31)0.80x
Trade payables (filing 2026-03-31)Rs 32 Cr
Owners' fund to total sources46.73%
Debt to assets30.84%
Cash flow
Cash from Operating Activity (latest year)Rs -13 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs 30 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -19 Cr
FCFE (approx.: FCF + change in debt)Rs 11 Cr
Cash from ops / profit, 5 years0.93x
Statement figures
Net sales (TTM)Rs 720 Cr
Net sales (latest year)Rs 474 Cr
Sales (latest quarter)Rs 156 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 83 Cr
PBDT (TTM)Rs 75 Cr
Profit before tax (TTM)Rs 66 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 52 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 389 Cr
Total expenditure (latest year)Rs 459 Cr
Total income (latest year)Rs 475 Cr
Share capitalRs 13 Cr
ReservesRs 65 Cr
Shareholders' fundsRs 77 Cr
Total assetsRs 165 Cr
Net blockRs 26 Cr
ReceivablesRs 19 Cr
InventoryRs 94 Cr
Other liabilitiesRs 37 Cr
Shares outstanding (crore)1.27
Ownership
Promoter holding69.09% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MODINATUR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.2% | -2.8% | -1.4 pts |
| 1 month | -4.2% | -6.8% | +2.6 pts |
| 3 months | -24.8% | -7.6% | -17.2 pts |
| 6 months | +13.0% | +0.4% | +12.6 pts |
| 3 years | +11.3% | +14.2% | -2.9 pts |
| 5 years | +179.2% | +27.9% | +151.3 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -19% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 148% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 38% vs sales +7% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹156 Cr +0.6% vs Jun 2025.
Net profit ₹12 Cr +20.0%.
Against our estimate for Jun 2026: sales -10.6%, profit +3.8% in line. Our estimate for Sep 2026: sales Rs 168 Cr, profit Rs 12 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| L T Foods Ltd | 13,987 | 21.8 | 17.6 % |
| KRBL Ltd | 8,840 | 11.7 | 15.2 % |
| Gujarat Ambuja Exports Ltd | 7,419 | 17.7 | 12.5 % |
| TruAlt Bioenergy Ltd | 3,940 | 25.2 | 10.4 % |
| Kaveri Seed Company Ltd | 3,801 | 15.2 | 15.8 % |
| Sanstar Ltd | 2,122 | 48.2 | 5.69 % |
| Amir Chand Jagdish Kumar (Exports) Ltd | 2,091 | 16.9 | 15.7 % |
| GRM Overseas Ltd | 1,632 | 21.3 | 14.0 % |
| AVT Natural Products Ltd | 1,403 | 16.7 | 14.2 % |
| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
| Gulshan Polyols Ltd | 1,027 | 6.96 | 18.6 % |
| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
| True Green Bio Energy Ltd | 622 | 11.6 | 13.8 % |
| Mangalam Global Enterprise Ltd | 533 | 14.4 | 17.0 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Modi Naturals Ltd?
Modi Naturals Ltd (MODINATUR) has a market capitalisation of Rs 453 Cr. at the 2026-10-01 close.
What is the P/E ratio of Modi Naturals Ltd?
Modi Naturals Ltd trades at a P/E of 9.31 on trailing twelve-month profit, at the 2026-10-01 close.
What were Modi Naturals Ltd's latest quarterly results?
In the Jun 2026 quarter, Modi Naturals Ltd sales was Rs 156 Cr (+0.6% vs Jun 2025) and net profit was Rs 12 Cr.
What is the 52-week high and low of Modi Naturals Ltd?
The 52-week high is Rs 524.80 and the 52-week low is Rs 252.30.