Modern Insulators Ltd
Incorporated in 1982, Modern Insulators
Ltd is in the business of manufacturing insulators, terry towels and EPC projects[1]
- 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.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 31% |
1 Year: | 123% |
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% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr
- Closure of Trading Window 30 Mar
- Closure of Trading Window 30 Mar
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
29 Mar - Mr. Gaje Singh Solanki has tendered his resignation from the post of Company Secretary & Compliance officer of the Company w.e.f closing of business hours …
- Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 20 Mar
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 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 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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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