Modi Rubber's Q1 FY25 financials show mixed results, with declining profits and high non-operating income
Modi Rubber, a microcap company in the tyre industry, recently announced its financial results for the quarter ending June 2024. The stock call by MarketsMOJO for the company is ‘Sell’. The company has seen a negative financial performance in the quarter, with a score of -9 compared to -2 in the previous quarter.
However, there are some positive aspects to the company’s financials. The net sales for the quarter have grown by 201.4% compared to the average net sales of the previous four quarters. This indicates a positive sales trend in the near term.
On the other hand, there are some areas of concern for Modi Rubber. The profit before tax less other income (PBT) for the quarter has fallen by -149.4% compared to the average PBT of the previous four quarters. The interest cost has also increased significantly, indicating increased borrowings by the company.
The profit after tax (PAT) for the quarter has also seen a decline of -19.0% compared to the average PAT of the previous four quarters. The company’s pace of settling its debtors has slowed down, with the debtors turnover ratio at its lowest in the last five half-yearly periods.
The operating profit (PBDIT) for the quarter is at its lowest in the last five quarters, and the non-operating income is 119.94% of the PBT. This suggests that the company’s income from non-business activities is high, which may not be a sustainable business model.
The earnings per share (EPS) for the quarter are also at its lowest in the last five quarters, indicating declining profitability and lower earnings for shareholders. The non-operating income for the quarter is at its highest in the last five quarters, which may not be sustainable in the long run.
Overall, Modi Rubber’s financial performance for the quarter ending June 2024 has been negative, with some positive and negative aspects. Investors are advised to carefully consider these factors before making any investment decisions.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
