Modern Shares & Stockbrokers Ltd
₹ 46.0
2.06%
16 Jun
2:29 p.m.
About
Incorporated in 1939, Modern Shares & Stock Brokers Ltd is primarily engaged in capital market consultancy and stock broking.
Key Points
- Market Cap ₹ 13.5 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 69.4 / 36.4
- Stock P/E 61.3
- Book Value ₹ 43.5
- Dividend Yield 0.00 %
- ROCE 3.32 %
- ROE 1.74 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.08 times its book value
- Debtor days have improved from 92.0 to 29.5 days.
- Company's working capital requirements have reduced from 453 days to 22.6 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 2.16% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.91 | 3.52 | 3.12 | 2.88 | 3.14 | 2.52 | 2.27 | 2.59 | 3.26 | 2.97 | 3.39 | 3.71 | |
| 0.70 | 2.91 | 2.90 | 2.64 | 2.65 | 3.03 | 2.56 | 2.50 | 2.87 | 2.69 | 2.79 | 3.26 | |
| Operating Profit | 0.21 | 0.61 | 0.22 | 0.24 | 0.49 | -0.51 | -0.29 | 0.09 | 0.39 | 0.28 | 0.60 | 0.45 |
| OPM % | 23.08% | 17.33% | 7.05% | 8.33% | 15.61% | -20.24% | -12.78% | 3.47% | 11.96% | 9.43% | 17.70% | 12.13% |
| 0.03 | 0.00 | 0.03 | 0.00 | -0.12 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 |
| Depreciation | 0.06 | 0.06 | 0.04 | 0.03 | 0.02 | 0.05 | 0.09 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 |
| Profit before tax | 0.17 | 0.54 | 0.20 | 0.20 | 0.34 | -0.57 | -0.39 | 0.03 | 0.37 | 0.23 | 0.55 | 0.41 |
| Tax % | 29.41% | 29.63% | 35.00% | 30.00% | 38.24% | -7.02% | 2.56% | 0.00% | 24.32% | 21.74% | 25.45% | 46.34% |
| 0.13 | 0.38 | 0.13 | 0.14 | 0.21 | -0.53 | -0.40 | 0.03 | 0.28 | 0.18 | 0.40 | 0.22 | |
| EPS in Rs | 0.44 | 1.30 | 0.44 | 0.48 | 0.72 | -1.81 | -1.36 | 0.10 | 0.96 | 0.61 | 1.36 | 0.75 |
| Dividend Payout % | 225.38% | 77.11% | 112.69% | 104.64% | 69.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 10% |
| 3 Years: | 4% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 21% |
| 3 Years: | -8% |
| TTM: | -45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 49% |
| 3 Years: | 30% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 | 2.93 |
| Reserves | 9.63 | 9.62 | 9.57 | 9.71 | 9.74 | 9.05 | 8.66 | 8.73 | 9.04 | 9.20 | 9.64 | 9.81 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 | 0.00 | 1.60 | 0.00 | 0.00 | |
| 2.68 | 5.22 | 2.88 | 1.51 | 1.68 | 2.68 | 2.76 | 4.35 | 2.57 | 2.87 | 3.61 | 3.88 | |
| Total Liabilities | 15.24 | 17.77 | 15.38 | 14.15 | 14.35 | 14.66 | 14.38 | 16.07 | 14.54 | 16.60 | 16.18 | 16.62 |
| 0.27 | 0.19 | 0.16 | 0.14 | 0.12 | 0.24 | 0.14 | 0.10 | 0.10 | 0.11 | 0.10 | 0.10 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.22 | 0.73 | 0.73 | 0.73 | 0.61 | 0.08 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| 13.75 | 16.85 | 14.49 | 13.28 | 13.62 | 14.34 | 14.23 | 15.96 | 14.43 | 16.48 | 16.07 | 16.52 | |
| Total Assets | 15.24 | 17.77 | 15.38 | 14.15 | 14.35 | 14.66 | 14.38 | 16.07 | 14.54 | 16.60 | 16.18 | 16.62 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.12 | 1.96 | -2.77 | -2.15 | -0.36 | -4.10 | 0.76 | -3.28 | -2.45 | 1.89 | -2.31 | 0.23 | |
| 1.62 | 1.39 | 0.93 | 0.83 | 0.72 | 0.69 | 0.74 | 0.67 | 0.51 | 0.53 | 0.62 | 0.73 | |
| -0.34 | -0.34 | -0.35 | -0.18 | -0.18 | -0.18 | 0.03 | 0.04 | -0.06 | 1.60 | -1.60 | 0.00 | |
| Net Cash Flow | 1.16 | 3.01 | -2.20 | -1.50 | 0.18 | -3.59 | 1.53 | -2.57 | -2.00 | 4.02 | -3.29 | 0.96 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 248.68 | 73.62 | 67.85 | 76.04 | 92.99 | 111.53 | 72.36 | 35.23 | 29.11 | 217.53 | 29.07 | 29.51 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 248.68 | 73.62 | 67.85 | 76.04 | 92.99 | 111.53 | 72.36 | 35.23 | 29.11 | 217.53 | 29.07 | 29.51 |
| Working Capital Days | -669.84 | -430.33 | -230.46 | -39.29 | -37.20 | 550.40 | 336.06 | 677.86 | 789.34 | 588.67 | 748.30 | 22.63 |
| ROCE % | 1.42% | 4.38% | 1.68% | 1.67% | 3.71% | -4.54% | -3.22% | 0.43% | 3.12% | 1.95% | 4.33% | 3.32% |
Documents
Announcements
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Newspaper Extracts - Audited Financial Results Of The Company
29 May - Published audited financial results for Q4 and FY ended March 31, 2025 in newspapers.
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Intimation Of Appointment Of Internal Auditors- Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)
28 May - Re-appointment of Jayant & Associates as internal auditors for FY 2025-2026.
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Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI (LODR) Regulations, 2015
28 May - Audited FY25 results approved; net profit Rs 22.09L; no dividend; internal auditor re-appointed for FY26.
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Board Meeting Intimation for To Approve And Take On Record The Audited Financial Results For The Quarter And Year Ended March 31, 2025.
2 May - Board meeting on May 28, 2025, to approve audited results for quarter/year ended March 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate confirming compliance with SEBI regulations.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Services Offered:
a) Retail Broking:[1]
Company offers dealer assisted trade execution and access to all IPOs. It offers purchase and sale of securities which includes Equity as well as Derivatives Instruments listed on National Stock Exchange of India Ltd (NSEIL), Bombay Stock Exchange Limited (BSE) at the most competitive rates.
b) Mutual Fund Distribution:[2]
Company advises in selecting Mutual fund scheme according to client's profile of funds in circulation like sectoral funds, index funds, tax plan funds, growth funds, money market funds.
c) Equity Research:[3]
Company's technical team guides its clients with precise intraday technical levels for all the BSE & NSE listed scrips. This helps in day trading in any kind of market, whether bullish or bearish.
For swing trading clients, company provides technical levels by using specialist technical tools to catch every major swing in the market.