Modern Insulators Ltd

Modern Insulators Ltd

₹ 118 -2.36%
21 May - close price
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 555 Cr.
  • Current Price 118
  • High / Low 139 / 45.6
  • Stock P/E 17.1
  • Book Value 84.6
  • Dividend Yield 0.00 %
  • ROCE 7.49 %
  • ROE 7.33 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 7.21% over last 3 years.
  • Earnings include an other income of Rs.11.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
106 127 99 106 115 121 101 100 107 123 90 106 107
95 113 89 102 114 114 100 97 97 111 85 101 97
Operating Profit 11 14 10 4 1 7 1 3 10 12 4 5 11
OPM % 11% 11% 10% 4% 1% 6% 1% 3% 9% 10% 5% 5% 10%
3 5 5 3 2 3 2 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 15 10 4 -0 7 0 4 10 11 3 6 10
Tax % 4% 6% 0% 25% 119% -33% -536% -17% 3% -10% -14% -7% 2%
9 14 10 3 0 9 1 5 10 12 4 6 10
EPS in Rs 1.84 3.00 2.22 0.60 0.00 1.83 0.19 0.99 2.11 2.64 0.81 1.30 2.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
459 418 461 440 398 442 431 426
418 381 419 404 359 419 408 394
Operating Profit 41 37 42 36 40 23 23 32
OPM % 9% 9% 9% 8% 10% 5% 5% 8%
-6 5 11 6 15 12 15 11
Interest 12 19 13 13 9 5 4 4
Depreciation 8 9 8 10 11 9 9 9
Profit before tax 16 14 32 19 34 21 26 31
Tax % 10% -19% 8% -20% 1% -7% -9%
14 17 29 22 34 22 28 32
EPS in Rs 4.76 7.24 4.66 5.93 6.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 41%
1 Year: 148%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 47 47 47 47 47
Reserves 197 214 243 258 291 313 342 352
49 61 59 101 24 26 8 4
85 84 78 124 128 119 107 105
Total Liabilities 353 380 402 530 491 506 504 508
132 138 135 192 182 175 168 164
CWIP 2 2 2 0 0 0 4 1
Investments 20 17 20 2 9 10 5 8
199 223 245 336 299 320 326 335
Total Assets 353 380 402 530 491 506 504 508

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
44 -2 9 27 53 14 23
-19 -13 -8 -34 35 -8 -4
-23 12 -1 -7 -87 -3 -22
Net Cash Flow 1 -3 0 -14 1 3 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 52 56 61 70 86 83 89
Inventory Days 125 214 156 415 345 332 306
Days Payable 55 66 54 147 126 108 83
Cash Conversion Cycle 122 204 163 338 305 307 312
Working Capital Days 84 103 98 163 144 146 161
ROCE % 12% 13% 10% 6% 7%

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.

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