MODIRUBBER

Modi Rubber financials

Market cap
₹310 Cr
Sector
Automobile and Auto Components

What Modi Rubber does

Modi Rubber Limited was originally set up to manufacture automotive tyres, tubes, flaps and other allied rubber products at plants built in 1974 at Modipuram (Meerut) and Modinagar in Uttar Pradesh. The Modinagar plant remains under the seal of a court-appointed Official Liquidator amid a pending land-lease dispute over the industrial shed and land it was built on, and no production currently takes place at either site. The company now earns its income mainly from real-estate rentals and a commercially operated Guest House at Modipuram, along with interest, dividends and management fees from a group of subsidiary, associate and joint-venture companies it holds equity stakes in.

Segments

  • Real estate & guest house operations
  • Investments & fund management
  • Subsidiary / JV holdings
Permanent employees
15 (incl. KMPs)
Manufacturing plants (non-operational)
2 — Modipuram (Meerut) & Modinagar, UP, set up in 1974
Modinagar plant status
Under seal of court-appointed Official Liquidator; repossession litigation pending before Allahabad High Court
Subsidiaries, JVs & associates
8 — incl. Gujarat Guardian Ltd, Asahi Modi Materials, Modi Marco Aldany, Vinura Beverages, Modi Iq Power, Uniglobe Mod Travels, Spin Investment India, Superior Investment India
Guest House facility
1, at Modipuram (put to commercial use)
Land parcels under dispute
Parcels acquired 1982–1986 directly from farmers, subject to district-administration notices
Founded 1971Headquarters New Delhi, IndiaEmployees 15 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 10.0%, net profit down 12.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue7 10 7 7 8 +20%7 −29%12 +71%8 +10%
EBITDA-4 -6 -7 -5 -4 −7%-8 −35%-9 −24%-5 +4%
Net profit6 6 1 5 5 −28%5 −18%-14 −1297%4 −13%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +6.4% 1Y

₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹116.43 on 10 Sept 2025 → ₹123.91. High ₹167.05 (26 Dec 2025), low ₹100.43 (18 Dec 2025).

Financials, as filed

Revenue grew 84.4% a year over 3 years, FY23 to FY26. Operating margin widened to -75.8%.

Year endingFY23FY24FY25FY26
Revenue₹5 Cr₹22 Cr₹29 Cr₹34 Cr
Operating profit₹-19 Cr₹-18 Cr₹-21 Cr₹-26 Cr
Operating margin-348.2%-81.0%-70.3%-75.8%
Interest₹0 Cr₹4 Cr₹2 Cr₹2 Cr
Depreciation₹3 Cr₹3 Cr₹4 Cr₹4 Cr
Net profit₹27 Cr₹16 Cr₹20 Cr₹1 Cr
Net margin502.6%69.3%70.1%1.9%
Cash from operations₹-18 Cr₹-22 Cr₹-29 Cr₹-23 Cr
Free cash flow₹-28 Cr₹-21 Cr₹-31 Cr₹-24 Cr
ROCE4.9%3.7%3.3%0.6%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹25 Cr₹25 Cr₹25 Cr₹25 Cr₹25 Cr₹25 Cr
Reserves₹409 Cr₹594 Cr₹613 Cr₹630 Cr₹667 Cr₹651 Cr
Borrowings₹4 Cr₹5 Cr₹21 Cr₹21 Cr₹19 Cr₹23 Cr
Other liabilities₹22 Cr₹63 Cr₹67 Cr₹69 Cr₹63 Cr₹73 Cr
Total liabilities₹460 Cr₹687 Cr₹726 Cr₹744 Cr₹774 Cr₹771 Cr
Fixed assets₹27 Cr₹216 Cr₹248 Cr₹253 Cr₹248 Cr₹246 Cr
Capital work in progress₹0 Cr₹2 Cr₹10 Cr₹10 Cr₹0 Cr₹0 Cr
Investments₹370 Cr₹403 Cr₹377 Cr₹390 Cr₹408 Cr₹402 Cr
Other assets₹62 Cr₹67 Cr₹91 Cr₹91 Cr₹119 Cr₹122 Cr
Total assets₹460 Cr₹687 Cr₹726 Cr₹744 Cr₹774 Cr₹771 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 14,023.

Promoters
62.7%
FIIs
2.0%
Public
35.3%

Since Jun 2025

  • Public +0.02 pp
  • DIIs −0.01 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window promoters went from 59.5% to 62.7% — +3.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 59.5%, FIIs 2.1%, Public 38.4%.Dec '23: Promoters 59.5%, FIIs 2.1%, Public 38.4%.Mar '24: Promoters 62.7%, FIIs 2.1%, Public 35.2%.Jun '24: Promoters 62.7%, FIIs 2.0%, Public 35.3%.Sep '24: Promoters 62.7%, FIIs 2.0%, DIIs 0.0%, Public 35.3%.Dec '24: Promoters 62.7%, FIIs 2.0%, DIIs 0.0%, Public 35.3%.Mar '25: Promoters 62.7%, FIIs 2.0%, DIIs 0.0%, Public 35.3%.Jun '25: Promoters 62.7%, FIIs 2.0%, DIIs 0.0%, Public 35.3%.Sep '25: Promoters 62.2%, FIIs 2.0%, DIIs 0.0%, Public 35.8%.Dec '25: Promoters 62.2%, FIIs 2.0%, DIIs 0.0%, Public 35.8%.Mar '26: Promoters 62.7%, FIIs 2.0%, DIIs 0.0%, Public 35.3%.Jun '26: Promoters 62.7%, FIIs 2.0%, Public 35.3%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Modi Rubber above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Mod Fashions & Securities Pvt Ltd 47.96%unchanged
Kinborough Limited 22.92%unchanged
witta International inc 10.20%unchanged
M/S Modi Industries Ltd 3.19%unchanged
Jp Morgan Securities Asia Pacific Ltd Foreign bank / ODI2.00%unchanged
Indofil Organic Industries Ltd 0.86%unchanged
Leaf Investment Pvt Ltd 0.20%unchanged
Uniglobe Mod Travels Private Limited 0.18%unchanged
A La Mode Garments Pvt Ltd 0.10%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Modi Rubber

Guides on how to read this kind of business and the numbers that matter.