Modern Insulators Ltd

Modern Insulators Ltd

₹ 100 -1.27%
18 Apr 4:01 p.m.
About

Incorporated in 1982, Modern Insulators
Ltd is in the business of manufacturing insulators, terry towels and EPC projects[1]

Key Points

Business Overview:[1]
MIL is a part of the Modern Group of Industries which was set up in collaboration with Siemens, Germany. Company is an ISO 9001, 14001 & 45001 Certified manufacturer and exporter of porcelain insulators to National and Regional Utilities, Indian Railways, OEMs & EPC companies

  • Market Cap 472 Cr.
  • Current Price 100
  • High / Low 123 / 42.0
  • Stock P/E 14.4
  • Book Value 85.0
  • Dividend Yield 0.00 %
  • ROCE 7.55 %
  • ROE 7.39 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • 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 1.34% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.33% over last 3 years.
  • Earnings include an other income of Rs.11.4 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
105 125 97 105 115 119 101 100 107 123 90 106 107
94 110 87 100 113 113 100 97 97 111 85 101 97
Operating Profit 12 15 10 5 2 5 1 3 10 12 4 5 11
OPM % 11% 12% 10% 5% 2% 4% 1% 3% 9% 10% 5% 5% 10%
3 5 5 3 1 2 3 4 3 3 3 3 3
Interest 2 2 1 1 1 1 1 1 1 1 1 1 1
Depreciation 3 3 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 9 16 11 5 0 5 0 4 10 11 3 6 10
Tax % 4% 6% 0% 20% -190% -45% -326% -16% 3% -10% -14% -7% 2%
9 15 11 4 0 7 1 5 10 13 4 6 10
EPS in Rs 1.93 3.23 2.32 0.80 0.06 1.46 0.21 1.01 2.12 2.66 0.84 1.31 2.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
383 392 459 418 461 386 403 440 437 390 436 431 426
346 355 418 381 419 350 371 404 401 350 414 407 394
Operating Profit 37 37 41 37 42 36 33 36 36 41 23 24 32
OPM % 10% 9% 9% 9% 9% 9% 8% 8% 8% 10% 5% 5% 8%
6 5 -6 5 11 9 7 8 7 15 12 15 11
Interest 13 13 12 19 13 12 12 11 13 9 5 4 4
Depreciation 8 8 8 9 8 10 10 10 10 11 9 9 9
Profit before tax 22 21 16 14 32 23 18 24 19 36 21 26 31
Tax % -1% -2% 10% -19% 8% 32% 7% -9% -20% 1% -7% -9%
22 21 14 17 29 15 17 26 23 35 22 28 33
EPS in Rs 3.26 3.53 5.41 4.80 7.52 4.65 6.00 6.96
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 1%
3 Years: 0%
TTM: 0%
Compounded Profit Growth
10 Years: 3%
5 Years: 11%
3 Years: 0%
TTM: 45%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 33%
1 Year: 124%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 22 22 47 47 47 47 47 47 47 47
Reserves 162 183 197 214 243 194 211 236 258 293 315 343 353
91 72 49 61 59 78 84 93 101 24 26 8 4
67 75 85 84 78 108 114 105 123 128 119 106 105
Total Liabilities 342 352 353 380 402 427 456 481 530 491 507 505 510
134 132 132 138 135 202 195 190 192 182 175 168 164
CWIP 2 2 2 2 2 0 0 0 0 0 0 0 1
Investments 10 10 20 17 20 1 0 2 2 9 10 5 8
196 208 199 223 245 225 261 289 336 300 322 331 336
Total Assets 342 352 353 380 402 427 456 481 530 491 507 505 510

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 20 44 -2 9 25 36 31 34 50 10 23
-14 -6 -19 -13 -8 -9 -30 -15 -43 37 -4 -4
-13 -19 -23 12 -1 -17 -5 -2 -5 -87 -3 -22
Net Cash Flow 4 -5 1 -3 0 -1 0 14 -14 1 3 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 46 53 52 56 61 99 92 76 71 88 84 89
Inventory Days 103 131 103 184 129 244 257 289 400 353 340 306
Days Payable 43 60 55 66 54 115 109 84 147 130 110 83
Cash Conversion Cycle 106 124 100 174 136 227 240 280 323 310 313 312
Working Capital Days 59 80 74 92 88 137 137 132 165 150 150 167
ROCE % 13% 12% 14% 12% 13% 9% 9% 10% 9% 10% 6% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.28% 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% 0.31% 0.31% 0.31% 0.31%
6.10% 4.15% 3.97% 3.59% 2.22% 2.82% 2.77% 2.72% 2.51% 2.23% 2.23% 1.94%
33.31% 35.33% 35.52% 35.89% 37.26% 36.66% 36.72% 36.77% 36.98% 37.26% 37.26% 37.55%
No. of Shareholders 1,34,2931,34,6351,34,9941,35,1471,35,1501,35,1921,35,1321,35,0201,34,8491,35,1411,37,1091,37,869

* 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.

Documents