WEBSITE BSE:509760 NSE: MODERN SHARE Inc. Year: 1939 Industry: Finance - Stock Broking My Bucket: Add Stock
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Modern Shares & Stockbrokers Ltd. is an Indian public limited company that operates in the financial services and stock broking sector. The company has a long history, originally incorporated in 1939 and later converted into a public limited company in 1970, reflecting its focus on stock broking and related financial services. The company is listed on the Bombay Stock Exchange (BSE) and is recognised as a micro-cap financial services entity. Its headquarters is in Mumbai, Maharashtra. Modern Shares specializes in a range of brokerage and finan...Read More
Modern Shares & Stockbrokers Ltd. is an Indian public limited company that operates in the financial services and stock broking sector. The company has a long history, originally incorporated in 1939 and later converted into a public limited company in 1970, reflecting its focus on stock broking and related financial services. The company is listed on the Bombay Stock Exchange (BSE) and is recognised as a micro-cap financial services entity. Its headquarters is in Mumbai, Maharashtra. Modern Shares specializes in a range of brokerage and financial services tailored to both individual and institutional investors. Its retail broking business provides execution services for buying and selling equities and derivatives instruments listed on major Indian stock exchanges. The company also provides dealer-assisted trade execution, enabling investors to participate in trading across various market segments. In addition to stock broking, Modern Shares engages in mutual fund distribution, helping clients select and invest in mutual fund schemes. It provides equity research and technical analysis, including intraday technical levels for listed securities, supporting informed investment decisions. Some services are also extended to non-resident Indian (NRI) investors, offering access to Indian market opportunities. Over its corporate history, the company has diversified aspects of its financial services beyond broking. It has been involved in investment activities, inter-corporate deposits, bill discounting, leasing, loan syndication, and hire purchase arrangements, broadening its engagement within the financial sector. This diversified activity complements its primary role as a financial services firm. The company’s leadership comprises professionals with experience in financial markets, broking, investments, and technical analysis. Its organisational team includes chartered accountants, MBA-qualified professionals, and technical analysts who handle research and transaction execution. In terms of financial performance, Modern Shares reports modest revenue and profit levels consistent with its micro-cap and niche market position. Recent quarterly results have shown revenue of just over a crore of rupees and net profits in the range of a few lakhs, illustrating the relatively limited scale of operations compared with larger broking firms. Market performance has exhibited volatility typical of smaller listed financial services firms, with share price fluctuations influenced by broader market trends and investor sentiment. Promoter shareholding remains significant, and retail shareholding is modest, reflecting a stable ownership structure. Overall, Modern Shares & Stockbrokers Ltd. is a long-established Indian financial services company focused on stock broking, mutual fund distribution, equity research, and complementary investment and credit-related activities. Its sustained presence in the market reflects a commitment to serving a niche segment of investors while navigating the competitive dynamics of India’s capital markets. ...Read Less
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Market Cap ₹10 Cr.
Stock P/E 45.7
P/B 0.8
Current Price ₹34.5
Book Value ₹ 44.2
Face Value 10
52W High ₹53
Dividend Yield 0%
52W Low ₹ 24.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Expenditure | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 |
| Adjusted Earnings Per Share | 0.5 | 0.3 | 0.3 | 0.3 | 0.7 | -0 | -0.2 | 0.5 | 0.5 | -0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 3 | 2 | 2 | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Other Income | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 4 | 3 | 3 | 5 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Total Expenditure | 3 | 3 | 3 | 4 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 4 |
| Operating Profit | 1 | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 1.3 | 0.4 | 0.5 | 0.7 | -1.8 | -1.4 | 0.1 | 1 | 0.6 | 1.4 | 0.8 | 0.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 33% | 10% | 15% | 3% |
| Operating Profit CAGR | -100% | 0% | 0% | -100% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -19% | 24% | 43% | 5% |
| ROE Average | 2% | 2% | 2% | 1% |
| ROCE Average | 3% | 3% | 3% | 1% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 13 | 13 | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Liability | 5 | 3 | 2 | 2 | 3 | 3 | 4 | 3 | 4 | 4 | 4 |
| Other Liabilities & Provisions | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Liabilities | 18 | 15 | 14 | 14 | 15 | 14 | 16 | 14 | 17 | 16 | 17 |
| Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Loans | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Other Non Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 3 | 6 | 6 |
| Current Assets | 16 | 14 | 12 | 13 | 13 | 13 | 15 | 7 | 12 | 10 | 11 |
| Total Assets | 18 | 15 | 14 | 14 | 15 | 14 | 16 | 14 | 17 | 16 | 17 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 15 | 13 | 11 | 11 | 8 | 9 | 7 | 5 | 2 | 0 |
| Cash Flow from Operating Activities | 2 | -3 | -2 | -0 | -4 | 1 | -3 | -2 | 2 | -0 | 0 |
| Cash Flow from Investing Activities | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Cash Flow from Financing Activities | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | 2 | -2 | 0 |
| Net Cash Inflow / Outflow | 3 | -2 | -2 | 0 | -4 | 2 | -3 | -2 | 4 | -1 | 1 |
| Closing Cash & Cash Equivalent | 15 | 13 | 11 | 11 | 8 | 9 | 7 | 5 | 9 | 0 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.28 | 0.45 | 0.47 | 0.71 | -1.8 | -1.38 | 0.11 | 0.96 | 0.62 | 1.35 | 0.75 |
| CEPS(Rs) | 1.5 | 0.59 | 0.58 | 0.78 | -1.64 | -1.06 | 0.24 | 1.03 | 0.72 | 1.46 | 0.87 |
| DPS(Rs) | 1 | 0.5 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 42.81 | 42.66 | 43.13 | 43.23 | 40.88 | 39.56 | 39.78 | 40.85 | 41.39 | 42.9 | 43.46 |
| Net Profit Margin | 13.9 | 5.54 | 5.78 | 4.92 | -20.96 | -17.74 | 1.26 | 8.66 | 6.17 | 11.69 | 5.96 |
| Operating Margin | 20.18 | 8.93 | 8.76 | 8.37 | -22.03 | -16.95 | 1.95 | 11.9 | 8.53 | 16.52 | 11.22 |
| PBT Margin | 19.69 | 8.37 | 8.15 | 8.11 | -22.41 | -17.46 | 1.27 | 11.48 | 7.74 | 16.02 | 10.86 |
| ROA(%) | 2.28 | 0.8 | 0.94 | 1.46 | -3.66 | -2.79 | 0.22 | 1.85 | 1.18 | 2.43 | 1.35 |
| ROE(%) | 2.99 | 1.05 | 1.09 | 1.64 | -4.29 | -3.42 | 0.28 | 2.39 | 1.52 | 3.21 | 1.75 |
| ROCE(%) | 4.35 | 1.69 | 1.66 | 2.79 | -4.51 | -3.26 | 0.43 | 3.27 | 1.97 | 4.26 | 3.28 |
| Price/Earnings(x) | 16.46 | 49.44 | 52.19 | 22.69 | 0 | 0 | 51.7 | 21 | 25.42 | 26.22 | 62.94 |
| Price/Book(x) | 0.49 | 0.52 | 0.57 | 0.37 | 0 | 0 | 0.15 | 0.49 | 0.38 | 0.83 | 1.09 |
| Dividend Yield(%) | 4.74 | 2.25 | 2.04 | 3.12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | -3.21 | -2.59 | -1.67 | -1.57 | -1.91 | -2.78 | -1.91 | 0.38 | -0.83 | 1.46 | 0.44 |
| EV/Core EBITDA(x) | -14.25 | -24.2 | -16.51 | -13.42 | 9.48 | 21.6 | -55.52 | 2.99 | -8.79 | 8.39 | 3.65 |
| Interest Earned Growth(%) | 46.57 | -12.17 | 0.28 | 76.99 | -40.18 | -9.86 | 13.82 | 25.86 | -8.84 | 14.37 | 9.15 |
| Net Profit Growth | 187.87 | -64.98 | 4.54 | 50.7 | -354.9 | 23.69 | 108.11 | 762.39 | -35.07 | 116.66 | -44.29 |
| EPS Growth(%) | 187.86 | -64.98 | 4.54 | 50.7 | -354.91 | 23.7 | 108.11 | 762.1 | -35.07 | 116.65 | -44.29 |
| Interest Coverage(x) % | 41.58 | 16.03 | 14.2 | 31.38 | -57.33 | -33.18 | 2.88 | 28.09 | 10.77 | 32.99 | 31.26 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 | 72.83 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 | 27.17 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
* The pros and cons are machine generated.
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