Is Modi Naturals the Best Stock in Its Sector? A Look at the Numbers
- October 1, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Modi Naturals CMP Rs 336 (01 Oct 2026). Market cap Rs 438 Cr. ROE 29.21%. P/E 8.38x versus Industry P/E 10.89x.
Quick Answer
Modi Naturals is one of the names investors compare when screening the FMCG sector, built on a 29.21% return on equity and a P/E of 8.38x against an Industry P/E of 10.89x. Whether Modi Naturals is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named FMCG sector peers, so you can judge that for yourself.
Is Modi Naturals the best stock in its sector? The stock trades on the NSE at Rs 336 as of 01 October 2026, within its 52-week range of Rs 252.30 to Rs 524.80. Modi Naturals Ltd manufactures edible oils, including rice bran oil, under the Rasidanta brand.
Modi Naturals sits in the FMCG sector, and its 29.21% ROE and 8.38x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Modi Naturals
Modi Naturals Ltd manufactures edible oils, including rice bran oil, under the Rasidanta brand. The stock is trading in the lower half of its 52-week range, well below its high. At a market capitalisation of Rs 438 Cr, it is tracked as part of the FMCG sector on Univest.
Is Modi Naturals the Best Stock in Its Sector?
Modi Naturals makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 29.21% ROE with a 8.38x P/E against the sector’s 10.89x Industry P/E. Modi Naturals trades close to its 10.89x Industry P/E despite an exceptional 29.21% ROE, one of the stronger quality-to-valuation combinations in this entire series, though the stock has fallen sharply from its 52-week high.
| Metric | Modi Naturals |
|---|---|
| CMP (NSE) | Rs 336.00 |
| 52-Week High / Low | Rs 524.80 / Rs 252.30 |
| Market Cap | Rs 438 Cr |
| P/E (TTM) vs Industry P/E | 8.38x vs 10.89x |
| P/B | 2.54 |
| ROE | 29.21% |
| EPS (TTM) | Rs 39.30 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.94 |
Compare Modi Naturals Against Other FMCG Sector Stocks
How Modi Naturals Compares Against Its FMCG Sector Peers
The table below sets Modi Naturals against 2 other FMCG sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Modi Naturals | 438 | 8.38 | 29.21% | 0.94 |
| Mawana Sugars | 567 | 20.58 | 7.83% | 0.80 |
| Magadh Sugar and Energy | 748 | 14.64 | 7.22% | 0.79 |
| Peer average (2 companies) | – | 17.61 | 7.53% | 0.80 |
Against this peer set, Modi Naturals’s 29.21% ROE is above the 7.53% peer average, and its P/E of 8.38x runs below the peer average of 17.61x. Modi Naturals trades close to its 10.89x Industry P/E despite an exceptional 29.21% ROE, one of the stronger quality-to-valuation combinations in this entire series, though the stock has fallen sharply from its 52-week high.
What Makes Modi Naturals Worth Watching in FMCG
- Close to Industry P/E: An 8.38x P/E versus a 10.89x Industry P/E shows the stock trading near sector norms despite an exceptional 29.21% ROE.
- Exceptional ROE: A 29.21% ROE is one of the strongest in this entire series.
- Edible oil and rice bran oil scale: Manufacturing edible oils, including rice bran oil, under the Rasidanta brand gives Modi Naturals a branded FMCG presence.
Modi Naturals Valuation: Is It Justified?
Modi Naturals trades close to its 10.89x Industry P/E despite an exceptional 29.21% ROE, one of the stronger quality-to-valuation combinations in this entire series, though the stock has fallen sharply from its 52-week high. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Mayur Uniquoters the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Modi Naturals and other FMCG sector stocks.
How to Track Modi Naturals Before You Invest
Before deciding whether Modi Naturals deserves its label as the best stock in its sector for your own portfolio, compare it directly against FMCG sector peers using the steps below.
- Open the Univest Screener and search for Modi Naturals to view live price, valuation ratios, and peer comparisons within the FMCG sector.
- Compare its P/E, P/B, and ROE against other FMCG sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Modi Naturals earns a place in the best stock in its sector conversation on the strength of a 29.21% ROE and a P/E of 8.38x against a 10.89x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Modi Naturals the best stock in its sector?
Ans. Modi Naturals has a 29.21% ROE and trades at 8.38x P/E against a 10.89x Industry P/E, and compares above the peer average ROE of 7.53% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Modi Naturals?
Ans. Modi Naturals was trading at Rs 336.00 on the NSE as of 01 October 2026, within its 52-week range of Rs 252.30 to Rs 524.80.
What sector does Modi Naturals belong to?
Ans. Modi Naturals is classified under the FMCG sector on Univest.
How does Modi Naturals compare to its sector peers on P/E?
Ans. Modi Naturals’s P/E of 8.38x is below the 17.61x average of the 2 named peers compared in this article.
What is Modi Naturals’s return on equity?
Ans. Modi Naturals reported a return on equity of 29.21%, which is above the 7.53% average of its named peers in this comparison.
Should I invest in Modi Naturals based on its sector position?
Ans. Modi Naturals’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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