Modern Shares & Stockbrokers Ltd

₹ 28.2 -6.12%

15 May - close price

About

Incorporated in 1939, Modern Shares & Stock Brokers Ltd is in the business of stockbroking.^[1]

Key Points

Business Overview:^[1]
MSSL is in the business of providing a range of
services covering Retail Broking, Mutual Fund
Distribution, Equity Research, and Advisory Services.

Website BSE

Market Cap ₹ 8.27 Cr.
Current Price ₹ 28.2
High / Low ₹ 53.0 / 24.7
Stock P/E 41.4
Book Value ₹ 44.2
Dividend Yield 0.00 %
ROCE 2.62 %
ROE 1.56 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.64 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 6.75% over past five years.
Company has a low return on equity of 2.17% over last 3 years.
Debtor days have increased from 33.4 to 41.7 days.
Working capital days have increased from 102 days to 146 days

* 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.61	0.72	0.88	0.85	0.95	0.89	1.12	0.91	0.78	0.99	1.04	0.83	0.73
	0.58	0.62	0.66	0.72	0.80	0.78	0.85	0.87	0.75	0.79	0.77	0.86	0.80
Operating Profit	0.03	0.10	0.22	0.13	0.15	0.11	0.27	0.04	0.03	0.20	0.27	-0.03	-0.07
OPM %	4.92%	13.89%	25.00%	15.29%	15.79%	12.36%	24.11%	4.40%	3.85%	20.20%	25.96%	-3.61%	-9.59%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	0.01	0.08	0.21	0.12	0.14	0.10	0.26	0.02	0.02	0.19	0.25	-0.04	-0.08
Tax %	200.00%	25.00%	23.81%	25.00%	28.57%	20.00%	26.92%	150.00%	350.00%	26.32%	36.00%	0.00%	-37.50%
	-0.01	0.06	0.16	0.09	0.09	0.08	0.19	-0.01	-0.05	0.15	0.16	-0.05	-0.06
EPS in Rs	-0.03	0.20	0.55	0.31	0.31	0.27	0.65	-0.03	-0.17	0.51	0.55	-0.17	-0.20
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3.52	3.12	2.88	3.14	2.52	2.27	2.59	3.26	2.97	3.39	3.71	3.59
	2.91	2.90	2.64	2.65	3.03	2.56	2.50	2.87	2.69	2.79	3.26	3.21
Operating Profit	0.61	0.22	0.24	0.49	-0.51	-0.29	0.09	0.39	0.28	0.60	0.45	0.38
OPM %	17.33%	7.05%	8.33%	15.61%	-20.24%	-12.78%	3.47%	11.96%	9.43%	17.70%	12.13%	10.58%
	0.00	0.03	0.00	-0.12	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Interest	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.02	0.02	0.01	0.02
Depreciation	0.06	0.04	0.03	0.02	0.05	0.09	0.04	0.02	0.03	0.03	0.03	0.04
Profit before tax	0.54	0.20	0.20	0.34	-0.57	-0.39	0.03	0.37	0.23	0.55	0.41	0.32
Tax %	29.63%	35.00%	30.00%	38.24%	-7.02%	2.56%	0.00%	24.32%	21.74%	25.45%	46.34%	37.50%
	0.38	0.13	0.14	0.21	-0.53	-0.40	0.03	0.28	0.18	0.40	0.22	0.20
EPS in Rs	1.30	0.44	0.48	0.72	-1.81	-1.36	0.10	0.96	0.61	1.36	0.75	0.68
Dividend Payout %	77.11%	112.69%	104.64%	69.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	1%
5 Years:	7%
3 Years:	7%
TTM:	-3%

Compounded Profit Growth
10 Years:	4%
5 Years:	46%
3 Years:	4%
TTM:	-9%

Stock Price CAGR
10 Years:	2%
5 Years:	36%
3 Years:	18%
1 Year:	-38%

Return on Equity
10 Years:	1%
5 Years:	2%
3 Years:	2%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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	9.62	9.57	9.71	9.74	9.05	8.66	8.73	9.04	9.20	9.64	9.81	10.04
	0.00	0.00	0.00	0.00	0.00	0.03	0.06	0.00	1.60	0.00	0.00	0.20
	5.22	2.88	1.51	1.68	2.68	2.76	4.35	2.57	2.87	3.61	3.89	3.72
Total Liabilities	17.77	15.38	14.15	14.35	14.66	14.38	16.07	14.54	16.60	16.18	16.63	16.89
	0.19	0.16	0.14	0.12	0.24	0.14	0.10	0.10	0.11	0.10	0.10	0.12
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	0.73	0.73	0.73	0.61	0.08	0.01	0.01	0.01	0.01	0.01	0.00	0.00
	16.85	14.49	13.28	13.62	14.34	14.23	15.96	14.43	16.48	16.07	16.53	16.77
Total Assets	17.77	15.38	14.15	14.35	14.66	14.38	16.07	14.54	16.60	16.18	16.63	16.89

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.96	-2.77	-2.15	-0.36	-4.10	0.76	-3.28	-2.45	1.89	-0.45	0.23	-2.14
	1.39	0.93	0.83	0.72	0.69	0.74	0.67	0.51	0.53	0.62	0.73	0.74
	-0.34	-0.35	-0.18	-0.18	-0.18	0.03	0.04	-0.06	1.60	-1.60	0.00	0.20
Net Cash Flow	3.01	-2.20	-1.50	0.18	-3.59	1.53	-2.57	-2.00	4.02	-1.43	0.96	-1.21
Free Cash Flow	1.94	-2.78	-2.16	-0.37	-4.26	0.76	-3.28	-2.47	1.85	-0.47	0.19	-2.20
CFO/OP	321%	-1,205%	-862%	-47%	788%	-286%	-3,589%	-615%	675%	-53%	84%	-526%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	73.62	67.85	76.04	92.99	111.53	72.36	35.23	29.11	217.53	29.07	29.51	41.69
Inventory Days
Days Payable
Cash Conversion Cycle	73.62	67.85	76.04	92.99	111.53	72.36	35.23	29.11	217.53	29.07	29.51	41.69
Working Capital Days	-430.33	-230.46	-39.29	-37.20	550.40	336.06	677.86	789.34	588.67	136.74	23.61	146.41
ROCE %	4.38%	1.68%	1.67%	3.71%	-4.54%	-3.22%	0.43%	3.12%	1.95%	4.33%	3.32%	2.62%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Fees and Commission Income
INR Lakhs

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Number of Permanent Employees
Number

Profit/(Loss) on Trading Operations
INR Lakhs

Revenue from Stockbroking Operations
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%
	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	26.99%	27.17%	27.18%	27.18%	27.17%	27.17%	27.17%	27.18%	27.17%	27.17%	27.17%	27.17%
No. of Shareholders	1,527	1,761	2,060	2,213	2,272	2,474	2,795	2,926	2,924	2,918	2,922	2,963

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%	72.83%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.26%	0.18%	0.00%	0.00%	0.00%
	27.17%	27.17%	27.17%	27.17%	27.17%	26.91%	26.98%	27.18%	27.18%	27.17%
No. of Shareholders	1,129	952	923	894	866	1,320	1,425	2,213	2,926	2,963

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Modern Shares & Stockbrokers Ltd

Modern Shares & Stockbrokers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports