Modern Shares & Stockbrokers Ltd
Incorporated in 1939, Modern Shares & Stock Brokers Ltd is primarily engaged in capital market consultancy and stock broking.
- Market Cap ₹ 12.4 Cr.
- Current Price ₹ 42.4
- High / Low ₹ 45.0 / 15.0
- Stock P/E 41.5
- Book Value ₹ 42.1
- Dividend Yield 0.00 %
- ROCE 2.10 %
- ROE 1.58 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.01 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 -1.11% over past five years.
- Company has a low return on equity of 1.41% over last 3 years.
- Company has high debtors of 218 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
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2.90 | 3.01 | 0.91 | 3.52 | 3.12 | 2.88 | 3.14 | 2.52 | 2.27 | 2.59 | 3.26 | 2.97 | 3.06 | |
2.29 | 2.30 | 0.70 | 2.91 | 2.90 | 2.64 | 2.65 | 3.03 | 2.56 | 2.50 | 2.87 | 2.67 | 2.58 | |
Operating Profit | 0.61 | 0.71 | 0.21 | 0.61 | 0.22 | 0.24 | 0.49 | -0.51 | -0.29 | 0.09 | 0.39 | 0.30 | 0.48 |
OPM % | 21.03% | 23.59% | 23.08% | 17.33% | 7.05% | 8.33% | 15.61% | -20.24% | -12.78% | 3.47% | 11.96% | 10.10% | 15.69% |
2.54 | 0.02 | 0.03 | 0.00 | 0.03 | 0.00 | -0.12 | 0.00 | 0.00 | 0.00 | 0.01 | -0.02 | 0.00 | |
Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 |
Depreciation | 0.07 | 0.08 | 0.06 | 0.06 | 0.04 | 0.03 | 0.02 | 0.05 | 0.09 | 0.04 | 0.02 | 0.03 | 0.04 |
Profit before tax | 3.07 | 0.64 | 0.17 | 0.54 | 0.20 | 0.20 | 0.34 | -0.57 | -0.39 | 0.03 | 0.37 | 0.23 | 0.42 |
Tax % | 17.92% | 32.81% | 29.41% | 29.63% | 35.00% | 30.00% | 38.24% | 7.02% | -2.56% | 0.00% | 24.32% | 21.74% | |
2.52 | 0.44 | 0.13 | 0.38 | 0.13 | 0.14 | 0.21 | -0.53 | -0.40 | 0.03 | 0.28 | 0.18 | 0.30 | |
EPS in Rs | 8.60 | 1.50 | 0.44 | 1.30 | 0.44 | 0.48 | 0.72 | -1.81 | -1.36 | 0.10 | 0.96 | 0.61 | 1.03 |
Dividend Payout % | 11.63% | 66.59% | 225.38% | 77.11% | 112.69% | 104.64% | 69.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -1% |
3 Years: | 9% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | -8% |
5 Years: | -7% |
3 Years: | 35% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 34% |
3 Years: | 95% |
1 Year: | 143% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -1% |
3 Years: | 1% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 2.93 |
Reserves | 9.75 | 9.85 | 9.63 | 9.62 | 9.57 | 9.71 | 9.74 | 9.05 | 8.66 | 8.73 | 9.04 | 9.20 | 9.41 |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.06 | 0.00 | 1.60 | 0.00 | |
2.36 | 1.53 | 2.68 | 5.22 | 2.88 | 1.51 | 1.68 | 2.68 | 2.76 | 4.35 | 2.57 | 2.87 | 3.29 | |
Total Liabilities | 15.04 | 14.31 | 15.24 | 17.77 | 15.38 | 14.15 | 14.35 | 14.66 | 14.38 | 16.07 | 14.54 | 16.60 | 15.63 |
0.31 | 0.33 | 0.27 | 0.19 | 0.16 | 0.14 | 0.12 | 0.24 | 0.14 | 0.10 | 0.10 | 0.11 | 0.11 | |
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 | 0.00 |
Investments | 1.40 | 1.91 | 1.22 | 0.73 | 0.73 | 0.73 | 0.61 | 0.08 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
13.33 | 12.07 | 13.75 | 16.85 | 14.49 | 13.28 | 13.62 | 14.34 | 14.23 | 15.96 | 14.43 | 16.48 | 15.51 | |
Total Assets | 15.04 | 14.31 | 15.24 | 17.77 | 15.38 | 14.15 | 14.35 | 14.66 | 14.38 | 16.07 | 14.54 | 16.60 | 15.63 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.98 | -0.81 | -0.12 | 1.96 | -2.77 | -2.15 | -0.36 | -4.10 | 0.76 | -3.28 | -2.45 | 1.89 | |
2.80 | 0.39 | 1.62 | 1.39 | 0.93 | 0.83 | 0.72 | 0.69 | 0.74 | 0.67 | 0.51 | 0.53 | |
-0.34 | -0.34 | -0.34 | -0.34 | -0.35 | -0.18 | -0.18 | -0.18 | 0.03 | 0.04 | -0.06 | 1.60 | |
Net Cash Flow | 1.48 | -0.76 | 1.16 | 3.01 | -2.20 | -1.50 | 0.18 | -3.59 | 1.53 | -2.57 | -2.00 | 4.02 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 66.71 | 30.32 | 248.68 | 73.62 | 67.85 | 76.04 | 92.99 | 111.53 | 72.36 | 35.23 | 29.11 | 217.53 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 66.71 | 30.32 | 248.68 | 73.62 | 67.85 | 76.04 | 92.99 | 111.53 | 72.36 | 35.23 | 29.11 | 217.53 |
Working Capital Days | -169.91 | -128.54 | -669.84 | -430.33 | -230.46 | -39.29 | -37.20 | 550.40 | 336.06 | 677.86 | 789.34 | 588.67 |
ROCE % | 5.00% | 5.11% | 1.42% | 4.38% | 1.68% | 1.67% | 3.71% | -4.54% | -3.22% | 0.43% | 3.12% | 2.10% |
Documents
Announcements
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Certificate Under Clause 40(9) Of SEBI (LODR) Regulations 2015
18 Apr - Under clause 40 (9) of SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015 we herby enclose the Certificate obtained by the Practicing Company Secretary for …
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Compliance Certificate For The Period April 2023 To March 2024
15 Apr - All activities relation to physical and electronic share transfer facility are maintained by M/s. Link Intime India Pvt Ltd during the period April 2023 to …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate dated April 6, 2024 issued by Link Intime India Pvt Ltd Registrar and transfer agents of our company confirming the compliance of Reg 74 …
- Non-Applicability Of Disclosure Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015- Disclosure Of Related Party Transactions On A Consolidated Basis For The Year Ended March 31, 2024. 1 Apr
- Submission Under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26, 2018 Regarding Submitting Of Initial Disclosure/Confirmation Within Prescribed Due Date 1 Apr
Annual reports
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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 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.