Modi Rubber

: MODIRUBBER · Tyres & Rubber Products

52W Range₹98 ₹168

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Snapshot

Unlock Modi Rubber's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Modi Rubber Limited is a diversified entity within the Modi Group that manufactures automobile tyres, tubes, and flaps, alongside resin-coated sand. Additionally, the company maintains a presence in the services sector through the operation of salons.

Business Model

The company generates revenue through the manufacturing and distribution of automotive components sold under the MARATHAN brand. Its distribution network comprises 62 depots, 20 C&F agents, and over 3,000 dealers across India.

  • Depots:62
  • C&F Agents:20
  • Dealer Network:3000+

Growth Outlook

Growth is primarily driven by the demand for commercial vehicle tyres in the truck and bus segments. The company continues to leverage its established brand presence and extensive distribution network to maintain market reach.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of natural rubber and crude oil derivatives significantly impact manufacturing margins.
  • Intense Competition. The tyre industry is highly competitive, with pressure from both domestic players and low-cost imports.
  • Cyclical Demand. The company's performance is closely tied to the cyclical nature of the automotive and transportation sectors.

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Peers · Tyres & Rubber Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Modi RubberMODIRUBBER
₹332 Cr-41.32-29.96-33.3%0.1%-2.2%+18.3%
JK Tyre & Industries Ltd.JKTYRE
₹10,962 Cr16.418.009.9%11.8%12.0%13.5%+18.5%
TVS Srichakra LimitedTVSSRICHAK
₹4,052 Cr43.8714.1618.6%8.7%7.8%10.7%+86.4%
Goodyear India LimitedGOODYEAR
₹1,730 Cr28.129.52-5.1%6.4%10.2%13.3%-23.5%
Megamont LimitedVRWODAR
₹442 Cr328.30407.95-101.2%-49.1%+205.4%
Tolins TyresTOLINS
₹375 Cr11.578.383.5%14.4%9.5%12.1%-38.0%

As of Q4 FY26

Financials