Sharescart Research Club logo

Modern Insulators Overview

Modern Insulators Ltd manufactures and sells porcelain insulators in India. It operates in 2 segments, Insulators and Terry Towels. The corporation offers hollow porcelain insulators which are used in modern transformers, voltage transformers, capacitive voltage transformers, SF6 and non-SF6 circuit breakers, surge arresters, electricity transformer bushings, and wall through bushings; and solidcore post insulators which might be utilized in isolators, pantographs, bus bar supports, wave entice supports, capacitor financial institution helps, a...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Modern Insulators Key Financials

Market Cap ₹1584 Cr.

Stock P/E 41.1

P/B 3.1

Current Price ₹336

Book Value ₹ 110.1

Face Value 10

52W High ₹366.5

Dividend Yield 0%

52W Low ₹ 93

Modern Insulators Share Price

₹ | |

Volume
Price

Modern Insulators Quarterly Price

Show Value Show %

Modern Insulators Peer Comparison

Modern Insulators Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 106 107 140 104 115 125 160 141 176 199
Other Income 3 3 3 5 5 5 -2 5 7 4
Total Income 109 110 143 109 120 129 158 147 183 203
Total Expenditure 101 97 125 99 110 115 142 128 158 168
Operating Profit 9 13 18 10 10 15 16 18 26 35
Interest 1 1 1 1 1 1 1 1 2 1
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 1 5 0 1 0 0 0
Profit Before Tax 6 10 15 8 12 12 13 14 22 32
Provision for Tax -0 0 -1 0 -1 3 4 -1 5 8
Profit After Tax 6 10 16 8 13 9 9 15 17 24
Adjustments 0 0 0 0 -0 0 0 -0 0 0
Profit After Adjustments 6 10 16 8 13 9 9 15 17 24
Adjusted Earnings Per Share 1.3 2.1 3.4 1.6 2.8 2 1.8 3.2 3.5 5.1

Modern Insulators Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 459 418 461 440 398 442 431 443 503 676
Other Income 5 6 7 6 15 12 14 11 14 14
Total Income 464 424 468 446 413 453 445 455 517 691
Total Expenditure 419 382 420 404 359 419 407 408 466 596
Operating Profit 46 42 48 42 54 35 39 47 51 95
Interest 12 19 13 13 9 5 4 3 4 5
Depreciation 8 9 8 10 11 9 9 9 9 8
Exceptional Income / Expenses -10 0 5 0 0 0 0 0 7 1
Profit Before Tax 16 14 32 19 35 21 26 35 45 81
Provision for Tax 2 -3 2 -4 0 -1 -2 -1 6 16
Profit After Tax 14 17 29 22 34 22 28 36 39 65
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 14 17 29 22 34 22 28 36 39 65
Adjusted Earnings Per Share 6.5 7.7 13.4 4.8 7.2 4.7 5.9 7.6 8.2 13.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 4% 3% 0%
Operating Profit CAGR 9% 13% 4% 0%
PAT CAGR 8% 21% 12% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 244% 99% 49% NA%
ROE Average 9% 8% 8% 8%
ROCE Average 11% 9% 9% 10%

Modern Insulators Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 219 236 265 305 339 361 389 425 463
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 1 1 0 0 0 5
Other Non-Current Liabilities 34 31 29 49 50 50 48 46 45
Total Current Liabilities 100 113 108 176 101 95 67 82 97
Total Liabilities 353 380 402 530 491 506 504 554 610
Fixed Assets 132 138 135 192 182 175 168 163 172
Other Non-Current Assets 38 51 71 61 59 66 75 80 85
Total Current Assets 183 192 196 277 250 265 261 311 353
Total Assets 353 380 402 530 491 506 504 554 610

Modern Insulators Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 7 4 15 1 2 4 1 5
Cash Flow from Operating Activities 44 -2 9 27 53 14 23 12 40
Cash Flow from Investing Activities -19 -13 -8 -34 35 -8 -4 -16 -41
Cash Flow from Financing Activities -23 12 -1 -7 -87 -3 -22 8 2
Net Cash Inflow / Outflow 1 -3 0 -14 1 3 -3 3 0
Closing Cash & Cash Equivalent 7 4 5 1 2 4 1 5 5

Modern Insulators Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.47 7.65 13.43 4.76 7.24 4.66 5.93 7.65 8.18
CEPS(Rs) 10.26 11.97 17.23 6.96 9.5 6.51 7.77 9.47 10.04
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 100.69 108.34 121.77 64.75 71.81 76.48 82.44 90.11 98.28
Core EBITDA Margin(%) 8.11 7.87 8.12 8.14 9.94 5.16 5.67 7.91 7.39
EBIT Margin(%) 5.43 7.12 8.76 7.19 10.99 5.85 6.92 8.56 9.72
Pre Tax Margin(%) 3.12 3.05 6.24 4.25 8.66 4.67 5.96 7.79 8.87
PAT Margin (%) 2.79 3.63 5.76 5.11 8.57 4.98 6.49 8.1 7.64
Cash Profit Margin (%) 4.43 5.68 7.39 7.46 11.23 6.95 8.5 10.04 9.37
ROA(%) 3.99 4.54 7.46 4.82 6.69 4.41 5.54 6.82 6.63
ROE(%) 6.43 7.32 11.67 7.88 10.6 6.29 7.46 8.86 8.69
ROCE(%) 10.2 11.57 14.32 8.66 11.4 6.9 7.62 9.06 10.53
Receivable days 47.82 51.68 50.71 67.18 81.86 80.2 86.77 89.33 84.9
Inventory Days 53.58 66.04 60.45 85.34 112.78 98.96 101.69 91.46 83.3
Payable days 54.78 70.79 55.72 115.72 131.09 111.49 93.27 83.41 92.88
PER(x) 0 0 0 0 6.24 10.3 7.02 11.19 11.97
Price/Book(x) 0 0 0 0 0.63 0.63 0.5 0.95 1
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.14 0.19 0.17 0.33 0.58 0.55 0.46 0.93 0.95
EV/Core EBITDA(x) 1.38 1.86 1.59 3.46 4.24 7.06 5.15 8.87 9.42
Net Sales Growth(%) 0 -9.01 10.31 -4.62 -9.38 10.83 -2.41 2.86 13.53
EBIT Growth(%) 0 19.41 36.17 -28.8 38.51 -41.05 15.6 27.54 29.01
PAT Growth(%) 0 18.3 75.49 -23.13 52.03 -35.61 27.16 28.96 7.05
EPS Growth(%) 0 18.3 75.5 -64.54 52.03 -35.61 27.17 28.96 7.05
Debt/Equity(x) 0.22 0.26 0.22 0.33 0.07 0.07 0.02 0.05 0.05
Current Ratio(x) 1.83 1.69 1.81 1.58 2.48 2.8 3.88 3.77 3.63
Quick Ratio(x) 1.09 0.88 1.11 0.84 1.32 1.5 2.14 2.49 2.35
Interest Cover(x) 2.36 1.75 3.48 2.45 4.71 4.97 7.19 11.18 11.44
Total Debt/Mcap(x) 0 0 0 0 0.11 0.11 0.04 0.05 0.05

Modern Insulators Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 60.2 60.2 60.2 60.2 60.2 60.2 60.2 60.18 60.18 60.18
FII 0 0 0 0.02 0.02 0.02 0.02 0.02 0.02 0.02
DII 2.54 2.24 1.71 1.64 1.64 1.64 1.64 1.64 1.62 1.49
Public 37.26 37.55 38.09 38.13 38.13 38.13 38.13 38.15 38.18 38.3
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Modern Insulators News

Modern Insulators Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 83.41 to 92.88days.
  • Stock is trading at 3.1 times its book value.
whatsapp