Modern Insulators Ltd

Modern Insulator Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Modern Insulators Ltd

₹ 116 -1.65%
16 Sep - close price
moderninsulators.com BSE: 515008
About

Modern Insulators is an arm of the Modern group of Industries and was set up in 1985 in collaboration with Siemens, Germany. Modern Insulators is also India’s largest manufacturer and exporter of porcelain insulators and is closely associated with National and Regional Utilities, Indian Railways, OEMs & EPC companies worldwide.[1]

Key Points

Certification[1]
Modern is an ISO 9001, 14001 & 45001 Certified Company and also India’s largest exporter of porcelain insulators.

Website BSE
  • Market Cap ₹ 549 Cr.
  • Current Price ₹ 116
  • High / Low ₹ 173 / 85.0
  • Stock P/E 13.2
  • Book Value ₹ 98.8
  • Dividend Yield 0.00 %
  • ROCE 9.13 %
  • ROE 7.49 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.18 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 2.87% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.92% over last 3 years.
  • Earnings include an other income of Rs.19.3 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
101 100 107 123 90 106 107 140 104 115 125 160 141
100 97 97 111 85 101 97 125 98 110 115 142 128
Operating Profit 1 3 10 12 4 5 11 15 5 5 10 18 13
OPM % 1% 3% 9% 10% 5% 5% 10% 11% 5% 4% 8% 11% 9%
3 4 3 3 3 3 3 3 6 10 5 -2 5
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 0 4 10 11 3 6 10 15 8 12 12 13 15
Tax % -326% -16% 3% -10% -14% -7% 2% -5% 1% -7% 22% 32% -5%
1 5 10 13 4 6 10 16 8 13 9 9 16
EPS in Rs 0.21 1.01 2.12 2.66 0.84 1.31 2.15 3.44 1.65 2.78 1.96 1.92 3.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
459 418 461 386 403 440 437 390 436 431 443 503 541
418 381 419 350 371 404 401 350 414 406 408 465 495
Operating Profit 41 37 42 36 33 36 36 41 23 25 35 38 46
OPM % 9% 9% 9% 9% 8% 8% 8% 10% 5% 6% 8% 8% 9%
-6 5 11 9 7 8 7 15 12 14 12 20 19
Interest 12 19 13 12 12 11 13 9 5 4 3 4 4
Depreciation 8 9 8 10 10 10 10 11 9 9 9 9 9
Profit before tax 16 14 32 23 18 24 19 36 21 26 35 45 53
Tax % 10% -19% 8% 32% 7% -9% -20% 1% -7% -9% -4% 13%
14 17 29 15 17 26 23 35 22 28 36 39 48
EPS in Rs 3.26 3.53 5.41 4.80 7.52 4.65 6.00 7.74 8.32 10.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 3%
3 Years: 5%
TTM: 18%
Compounded Profit Growth
10 Years: 7%
5 Years: 4%
3 Years: 21%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: 58%
3 Years: 36%
1 Year: -18%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 47 47 47 47 47 47 47 47 47
Reserves 197 214 243 194 211 236 258 293 315 343 380 419
49 61 59 78 84 93 101 24 26 8 19 19
85 84 78 108 114 105 123 128 119 106 108 114
Total Liabilities 353 380 402 427 456 481 530 491 507 505 554 599
132 138 135 202 195 190 192 182 175 168 161 157
CWIP 2 2 2 0 0 0 0 0 0 0 0 0
Investments 20 17 20 1 0 2 2 9 10 5 24 51
199 223 245 225 261 289 336 300 322 331 370 391
Total Assets 353 380 402 427 456 481 530 491 507 505 554 599

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
44 -2 9 25 36 31 34 50 10 23 11 40
-19 -13 -8 -9 -30 -15 -43 37 -4 -4 -16 -37
-23 12 -1 -17 -5 -2 -5 -87 -3 -22 8 -4
Net Cash Flow 1 -3 0 -1 0 14 -14 1 3 -3 3 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 52 56 61 99 92 76 71 88 84 89 93 88
Inventory Days 103 184 129 244 257 289 400 353 340 306 271 324
Days Payable 55 66 54 115 109 84 147 130 110 83 85 99
Cash Conversion Cycle 100 174 136 227 240 280 323 310 313 312 279 314
Working Capital Days 35 39 41 64 61 56 82 128 129 161 169 188
ROCE % 14% 12% 13% 9% 9% 10% 9% 10% 6% 8% 9% 9%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20% 60.20%
0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.31% 0.33% 0.33% 0.33% 0.33%
2.82% 2.77% 2.72% 2.51% 2.23% 2.23% 1.94% 1.40% 1.34% 1.34% 1.34% 1.34%
36.66% 36.72% 36.77% 36.98% 37.26% 37.26% 37.55% 38.08% 38.14% 38.13% 38.13% 38.13%
No. of Shareholders 1,35,1921,35,1321,35,0201,34,8491,35,1411,37,1091,37,8691,38,3581,39,5601,39,7511,39,6161,39,633

* 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.

Click on the line-items to see the names of individual entities.

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