Modi Naturals Limited · NSE:MODINATUR
Modi Naturals — FY2025 Earnings Presentation
47 slides from Modi Naturals's earnings presentation, May 28, 2025
Slide 1: Investor Presentation – May 2025 cover letter to BSE
28th May 2025 Corporate Relationship Department Scrip Code: 519003 BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai - 400 001 Dear Sir / Madam, Sub: Investor Presentation – May 2025 We are forwarding you a copy of Investor Presentation – May 2025 of the Company. This is for your kind information
Slide 2: Modi Naturals Limited Investor Presentation: May'25
Modi Naturals Limited Investor Presentation: May’25 Website
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Modi Naturals Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or ind
Slide 4: Q4 & FY25 Result Highlights
Q4 & FY25 Result Highlights
Slide 5: Key Parameters for FY25
Key Parameters for FY25 Revenue from Operations EBITDA PAT Rs 31.0 cr Rs 662.9 cr Rs 56.0 cr Loss of Rs 1.4 cr in FY24 +65.8% YoY +6.2x YoY Networth Cash Flow from Operations ROCE Rs 121.6 cr Rs 48.8 cr 18.3% Negative Rs 6.8 cr in FY24 vs 2.1% FY24 ROE Debt/Equity Net Working Capital Days 25.5% 1.22
Slide 6: FY25 Achievement vs Guidance, and FY26 Target
FY25 Achievement vs Guidance, and FY26 Target Guidance Actual Guidance Particulars (Rs in Cr) FY24 Achievement FY25* FY25 FY26E Total Revenue 400 680 663 850 - 880 Branded 169 210 179 - Bulk Ethanol 189 41 215 275 159 325 ✓ - - EBITDA 9.1 50 56 80-85 PAT -1.4 30 31 42-48 Margins & Profitability Bran
Slide 7: Management Commentary
Management Commentary Commenting on the performance, Mr. Akshay Modi, Joint Managing Director, of Modi Naturals, said, “We are delighted to share that FY25 has been a landmark year for us, marking the strongest performance in our company's history. This year has been about setting new benchmarks and
Slide 8: Strengthening Performance
Strengthening Performance ROCE (%) ROE (%) 18.3% 25.5% 2.1% -1.5% FY24 FY25 FY24 FY25 Working capital cycle Inventory Days Debtor Days Creditor Days Net Working Capital Days 117 25 26 31 111 20 66 60 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 7 ROCE = EBIT/Debt + Networth ROE = PAT/ Networth
Slide 9: Ethanol Division Performance- FY25
Ethanol Division Performance- FY25 Rs in Cr KEY HIGHLIGHTS Revenue EBITDA The distillery is operating at optimum 01 capacity 85.3 324.9 13.0 42.7 Received order of Rs 300 cr for 41,600 KL from 02 various OMCs in October’25 35.1 3.5 Second phase of expansion of ethanol facility, with a 42.1 capacity
Slide 10: Consumer Division Performance- FY25
Consumer Division Performance- FY25 Rs in Cr KEY HIGHLIGHTS Revenue EBITDA Ventured into ready to cook snacks and beverage 01 with product like oleev kitchen and Jynx 4.9 18.0 48.5 179.4 169.1 42.1 15.1 Enhanced distribution reach driven by continuous innovation and the introduction of 3.0 02 new pr
Slide 11: Bulk Division Performance- FY25
Bulk Division Performance- FY25 Rs in Cr KEY HIGHLIGHTS Revenue EBITDA Turnaround in divisional performance in FY25 driven by improved demand and stabilization of 01 commodity prices, following inventory losses in FY24 due to declining oil prices 56.1 188.6 0.9 1.7 158.6 42.7 Improvement in EBITDA d
Slide 12: Transforming Into A Multi Brand FMCG Company
Transforming Into A Multi Brand FMCG Company Rs in Crs Segment Sales Branded Sales FY12 FY25 +15% 169 179 162 158 128 100.0% 46.9% 53.1% VS 43 FY15 FY21 FY22 FY23 FY24 FY25 Strategy Going Ahead Bulk Oil Branded • Traditional commodity • Premium grocery ▪ Increase revenue from branded sales business
Slide 13: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Profit and Loss (in Rs. Crs) Q4FY25 Q4FY24 YoY Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 189.9 119.8 58.5% 178.9 6.1% 662.9 399.8 65.8% Cost of Goods Sold 145.4 88.2 141.3 511.2 300.0 Gross Profit 44.5 31.6 40.8% 37.6 18.4% 151.7 99.8 52.0% Gross Profit
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in Rs. Crs) Mar-25 Mar-24 Equity & Liabilities (in Rs. Crs) Mar-25 Mar-24 Non - Current Assets 170.9 150.4 Total Equity 121.6 90.6 Property Plant & Equipments 144.8 148.9 Share Capital 13.3 13.3 CWIP 16.1 0.0 Other Equity 108.2 77.3 Other Intangible Assets 0.1 0.0
Slide 15: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) FY25 FY24 Net Profit Before Tax 37.7 -1.7 Adjustments for: Non-Cash Items / Other Investment or Financial Items 20.8 12.1 Operating profit before working capital changes 58.5 10.4 Changes in working capital 5.1 -9.1 Cash generated from/(used in)
Slide 16: Standalone Profit & Loss Account
Standalone Profit & Loss Account Profit and Loss (in Rs. Crs) Q4FY25 Q4FY24 YoY Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 104.6 84.7 23.5% 97.3 7.5% 338.0 357.8 -5.5% Cost of Goods Sold 75.8 59.2 73.0 240.0 265.4 Gross Profit 28.8 25.6 12.7% 24.3 18.5% 98.0 92.4 6.1% Gross Profit Margin 2
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet Assets (in Rs. Crs) Mar-25 Mar-24 Equity & Liabilities (in Rs. Crs) Mar-25 Mar-24 Non - Current Assets 63.1 54.7 Total Equity 100.5 93.0 Property Plant & Equipment 17.3 18.3 Share Capital 13.3 13.3 CWIP 0.1 0.0 Other Equity 87.2 79.7 Other Intangible Assets 0.1 0.0 Non-Curre
Slide 18: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. Crs) FY25 FY24 Net Profit Before Tax 10.3 1.0 Adjustments for: Non-Cash Items / Other Investment or Financial Items 5.4 6.0 Operating profit before working capital changes 15.6 6.9 Changes in working capital 8.4 13.5 Cash generated from/(used in) opera
Slide 19: Our Business
Our Business
Slide 20: Business Verticals
Business Verticals • Preference to Olive Oil with Consumer Shift to Consumer • 3rd Largest Premium Edible Oil Brand Healthy Products • Largest player in " Goodness of olive oil“ • Expanding Presence in Food Products Division • 2nd Ranked Super-Premium Refined Oil • Leveraging Distribution Network fo
Slide 21: Modi Naturals - At A Glance
Modi Naturals - At A Glance Position • 3rd Largest Super Premium INTEGRATED VALUE-ADDED PLAYER OFFERS COMPREHENSIVE RICE RANGE Edible Oil Brand FROM OIL TO ETHANOL • Largest in the Goodness of Rice Olive Oil Space Only Player Making Unique Proposition Multi-Source Olive Oil • • Rice Bran Oil (Bulk O
Slide 22: New Launches in the Food Business
New Launches in the Food Business • We are extending our range of ready to cook pasta and adding new shapes i.e., macaroni and spaghetti • With our commitment to innovation in the food category, we are launching a one of its kind multi-grain pasta with the goodness of 4 Pasta grains, in the premium
Slide 23: Product Portfolio
Product Portfolio Edible Oil BRANDED Ready To Cook Segment Ready To Eat Segment Rice bran oil Rice bran de- oiled cakes BULK OIL ETHANOL Rice bran wax 22
Slide 24: Consumer Business
Consumer Business Modi Natural’s Presence Super Premium Olivana, Extra Virgin Olive Oil, Olive Pomace Edible Oil Oil, Miller Canola Oil (Canola Oil, Olive Oil) Premium Multisource Oil Oleev Active, Oleev Health, Oleev Smart (Rice Bran + Olive Oil, Rice Bran + Canola Oil) Commodity Based Edible Oil (
Slide 25: Flagship Product – Oleev Active
Flagship Product – Oleev Active Health Benefits High Smoke Point Oleev Active's high smoke point makes it suitable for frying. It Multisource Oil Immune Booster prevents fatty acid degradation at high temperatures, making food Multisource Healthy Oil with a Rich in oryzanol that boost healthier uniq
Slide 26: Sneak Peak Of The Oleev Brand
Sneak Peak Of The Oleev Brand • Low on SFA that • Vitamin E in Oleev • Contains Omega • Rich in vitamins A, D, • Easily digested ensures a smooth Pomace shields the 3, 6, 9 along with E & K, which are vital and helps with blood flow and body from goodness of for smooth weight loss higher energy leve
Slide 27: Sneak Peak Of The Oleev Brand
Sneak Peak Of The Oleev Brand • 26gm protein per • Natural Olive Oil • Omega 3 & 6 helps • Low absorption • Rich in protein 100gm serving with Vitamin E & Pro to improve the technology, up to • Source of fibre • Source of Calcium, vitamin A nutrition value of 20% low fat intake • Untouched by hand P
Slide 28: From Rice To Oil
From Rice To Oil Rice Bran Air Separator Broken Rice Animal Feeds Steam Cooking & Drying Solvent Solvent Storage Solvent Extraction Desolventizing Deoiled Bran Refined Rice Bran Oil Condenser Distillation Crude Rice Bran Oil Degumming Decoloration Dewaxing Deodorization Degrease Modi Naturals Produc
Slide 29: From Rice To Ethanol
From Rice To Ethanol Grain Storage Milling Cooking Liquefaction DDGS* Distillation Fermentation To Fuel Market Storage 28 *Dried Distillers Grains Used for Animal Feed
Slide 30: De-coding the Ethanol Business
De-coding the Ethanol Business • Received an approval for 310 KLD distillery High Margin Product • 1st phase of 130 KLPD commenced in Q3FY24 with a capital expenditure of Rs 150 cr Large Demand Supply gap • 2nd Phase of 180 KLPD is in progress with an estimated capital expenditure of Rs ~100 cr Key
Slide 31: Ethanol – a step Towards Growth
Ethanol – a step Towards “Growth…..!” Increased Production ADVANTAGES Increasing Blending Rate has led to Capacity 01 Environment Friendly Molasses Grain Total (Cr Litre) Growth Opportunity for Modi Naturals Supports sugarcane, 02 maize & rice 2x 3.5x 3x 20% farmers 760 740 1,500 10% 426 Cuts Oil 65
Slide 32: Grain-Based Ethanol Distillery
Grain-Based Ethanol Distillery Operating Capacity Capex Incurred Power Plant 130 KLD 5.5 MW Rs. 150 cr (Phase 1) Fermentation Distillation Silo Powerhouse Storage Tank Commenting on the commercialisation of the plant, Mr. Akshay Modi, Managing Director of Modi Naturals Ltd., said, “The commissioning
Slide 33: Manufacturing Units
Manufacturing Units Pilibhit (Uttar Pradesh) Hyderabad Sonipat (Haryana) Rice Bran Oil & Oil Packing Line Popcorn Unit Oil Packing Line Solvent Extraction - 800 TPD Packing Line - 25 TPD Packing Line - 5 TPD Refinery - 100 TPD Packing Line - 50 TPD Leased and thus Leased and thus Asset Light Asset L
Slide 34: Our Journey
Our Journey 1974: Incorporation of 1992: Establishment of the 2009:Launch of Refined 2015: Started new consumer Incorporated Modi Biotech the Company edible oil refinery in Rice Oil by up-gradation brands: Rizolo, Olivana Capacity Pvt. Ltd (W.O.S) for the expansion 1985: Listed on BSE & Pilibhit, U.
Slide 35: Marketing Strategy
Marketing Strategy
Slide 36: The Modi Naturals Advantage
The Modi Naturals Advantage Oleev Branded Products – Healthy Food Category Only company in India refining olive oil & Oleev Kitchen - Peanut Butter Oleev Kitchen - Pasta selling blended olive oil Gluten Free & High Protein 0% Maida Premium Grocery Product Market Size growing at Extension to 30% CAGR
Slide 37: Distribution Channels
Distribution Channels Modern Trade Channels Retail Sales Canteen Store Department Direct Reach 50,000+ outlets Modern Retail Outlets 3,000+ E-Commerce Platforms Sales Depot 20+ Distributors 450+ 36
Slide 38: Strategy Building
Strategy Building Leverage Multi– Strong & Competitive 01 06 Brand Distribution Portfolio 02 05 Digital First Approach to Focused Social Media brand building & Content Strategy 03 04 In-house D2C Fitness Icon As Platform Brand Ambassador 37
Slide 39: Key Focus Areas
Key Focus Areas Multi – Brand Health With Approach Taste New Product Ethanol to be the Development in Branded growth driver Segment 38
Slide 40: Management Team
Management Team
Slide 41: Visionaries Driving The Business
Visionaries Driving The Business Mr. Anil Modi- Chairperson & Managing Director • Mr. Anil Modi, aged 63, is one of the founding members of Modi Naturals Limited • He is on the Board of the Company since 1976 • He has over 3 decades of invaluable experience in the line of the business of the Company
Slide 42: Board of Directors
Board of Directors Aditi Modi Udit Jain Ankita Singal Ankit Garg Whole Time Director Independent Director Independent Director Independent Director • She is B.Com (H) from • He is a Commerce • Ms. Aditi Modi is a finance • He is a commerce Lady Sriram College for Graduate and having professional wit
Slide 43: Historical Financials
Historical Financials
Slide 44: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement Profit and Loss (in Rs. Crs) FY25* FY24* FY23 FY22 FY21 Revenue from Operations 662.9 399.8 418.0 474.3 442.7 Cost of Goods Solds 511.2 300.0 329.5 373.9 360.8 Gross Profit 151.7 99.8 88.4 100.4 81.9 Gross Profit Margin 22.9% 25.0% 21.2% 21.2% 18.5% Employee Co
Slide 45: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (in Rs. Crs) Mar-25* Mar-24* Mar-23 Mar-22 Mar-21 Equity & Liabilities (in Rs. Crs) Mar-25* Mar-24* Mar-23 Mar-22 Mar-21 Non - Current Assets 170.9 150.4 47.9 33.1 22.1 Total Equity 121.6 90.6 81.9 77.2 67.9 Property Plant & Equipments 144.8 148.9 19.5 25.8 19.2 Sha
Slide 46: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) FY25* FY24* FY23 FY22 FY21 Net Profit Before Tax 37.7 -1.7 2.0 13.0 14.0 Adjustments for: Non-Cash Items / Other Investment or Financial Items 20.8 12.1 5.9 4.3 1.7 Operating profit before working capital changes 58.5 10.4 7.9 17.3 15.7 Changes
Slide 47: For further information, please contact
For further information, please contact Company: Modi Naturals Limited CIN - L15142DL1974PLC007349 Mr. Akshay Modi cs.mnl@modinaturals.org www.modinaturals.com Investor Relations Advisors : Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Rahul Agarwal mandar.c