Modern Shares & Stockbrokers Ltd

Modern Shares Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Modern Shares & Stockbrokers Ltd

₹ 56.0 -1.74%
23 Dec - close price
modernshares.com BSE: 509760
About

Incorporated in 1939, Modern Shares & Stock Brokers Ltd is primarily engaged in capital market consultancy and stock broking.

Key Points

Services Offered:
a) Retail Broking:[1]
Company offers dealer assisted trade execution and access to all IPOs. It offers purchase and sale of securities which includes Equity as well as Derivatives Instruments listed on National Stock Exchange of India Ltd (NSEIL), Bombay Stock Exchange Limited (BSE) at the most competitive rates.
b) Mutual Fund Distribution:[2]
Company advises in selecting Mutual fund scheme according to client's profile of funds in circulation like sectoral funds, index funds, tax plan funds, growth funds, money market funds.
c) Equity Research:[3]
Company's technical team guides its clients with precise intraday technical levels for all the BSE & NSE listed scrips. This helps in day trading in any kind of market, whether bullish or bearish.
For swing trading clients, company provides technical levels by using specialist technical tools to catch every major swing in the market.

Website BSE
  • Market Cap ₹ 16.4 Cr.
  • Current Price ₹ 56.0
  • High / Low ₹ 69.4 / 24.7
  • Stock P/E 36.5
  • Book Value ₹ 43.9
  • Dividend Yield 0.00 %
  • ROCE 4.33 %
  • ROE 3.24 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 91.9 to 29.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.11% over past five years.
  • Company has a low return on equity of 2.40% over last 3 years.

* 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: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.84 0.72 0.81 0.74 0.86 0.76 0.61 0.72 0.88 0.85 0.95 0.89 1.12
0.64 0.76 0.75 0.73 0.69 0.68 0.58 0.62 0.66 0.72 0.80 0.78 0.85
Operating Profit 0.20 -0.04 0.06 0.01 0.17 0.08 0.03 0.10 0.22 0.13 0.15 0.11 0.27
OPM % 23.81% -5.56% 7.41% 1.35% 19.77% 10.53% 4.92% 13.89% 25.00% 15.29% 15.79% 12.36% 24.11%
0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 0.19 -0.05 0.06 0.01 0.14 0.06 0.01 0.08 0.21 0.12 0.14 0.10 0.26
Tax % 26.32% -20.00% 16.67% 0.00% 28.57% 16.67% 200.00% 25.00% 23.81% 25.00% 28.57% 20.00% 26.92%
0.14 -0.03 0.05 0.01 0.11 0.04 -0.01 0.06 0.16 0.09 0.09 0.08 0.19
EPS in Rs 0.48 -0.10 0.17 0.03 0.38 0.14 -0.03 0.20 0.55 0.31 0.31 0.27 0.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3.01 0.91 3.52 3.12 2.88 3.14 2.52 2.27 2.59 3.26 2.97 3.39 3.81
2.30 0.70 2.91 2.90 2.64 2.65 3.03 2.56 2.50 2.87 2.67 2.79 3.15
Operating Profit 0.71 0.21 0.61 0.22 0.24 0.49 -0.51 -0.29 0.09 0.39 0.30 0.60 0.66
OPM % 23.59% 23.08% 17.33% 7.05% 8.33% 15.61% -20.24% -12.78% 3.47% 11.96% 10.10% 17.70% 17.32%
0.02 0.03 0.00 0.03 0.00 -0.12 0.00 0.00 0.00 0.01 -0.02 0.00 0.00
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.00
Depreciation 0.08 0.06 0.06 0.04 0.03 0.02 0.05 0.09 0.04 0.02 0.03 0.03 0.04
Profit before tax 0.64 0.17 0.54 0.20 0.20 0.34 -0.57 -0.39 0.03 0.37 0.23 0.55 0.62
Tax % 32.81% 29.41% 29.63% 35.00% 30.00% 38.24% -7.02% 2.56% 0.00% 24.32% 21.74% 25.45%
0.44 0.13 0.38 0.13 0.14 0.21 -0.53 -0.40 0.03 0.28 0.18 0.40 0.45
EPS in Rs 1.50 0.44 1.30 0.44 0.48 0.72 -1.81 -1.36 0.10 0.96 0.61 1.36 1.54
Dividend Payout % 66.59% 225.38% 77.11% 112.69% 104.64% 69.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 14%
5 Years: 6%
3 Years: 9%
TTM: 28%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 137%
TTM: 80%
Stock Price CAGR
10 Years: 15%
5 Years: 51%
3 Years: 38%
1 Year: 109%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 2%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93 2.93
Reserves 9.85 9.63 9.62 9.57 9.71 9.74 9.05 8.66 8.73 9.04 9.20 9.64 9.94
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.06 0.00 1.60 0.00 0.00
1.53 2.68 5.22 2.88 1.51 1.68 2.68 2.76 4.35 2.57 2.87 3.61 2.45
Total Liabilities 14.31 15.24 17.77 15.38 14.15 14.35 14.66 14.38 16.07 14.54 16.60 16.18 15.32
0.33 0.27 0.19 0.16 0.14 0.12 0.24 0.14 0.10 0.10 0.11 0.10 0.12
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.91 1.22 0.73 0.73 0.73 0.61 0.08 0.01 0.01 0.01 0.01 0.01 0.01
12.07 13.75 16.85 14.49 13.28 13.62 14.34 14.23 15.96 14.43 16.48 16.07 15.19
Total Assets 14.31 15.24 17.77 15.38 14.15 14.35 14.66 14.38 16.07 14.54 16.60 16.18 15.32

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.81 -0.12 1.96 -2.77 -2.15 -0.36 -4.10 0.76 -3.28 -2.45 1.89 -2.31
0.39 1.62 1.39 0.93 0.83 0.72 0.69 0.74 0.67 0.51 0.53 0.62
-0.34 -0.34 -0.34 -0.35 -0.18 -0.18 -0.18 0.03 0.04 -0.06 1.60 -1.60
Net Cash Flow -0.76 1.16 3.01 -2.20 -1.50 0.18 -3.59 1.53 -2.57 -2.00 4.02 -3.29

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 30.32 248.68 73.62 67.85 76.04 92.99 111.53 72.36 35.23 29.11 217.53 29.07
Inventory Days
Days Payable
Cash Conversion Cycle 30.32 248.68 73.62 67.85 76.04 92.99 111.53 72.36 35.23 29.11 217.53 29.07
Working Capital Days -128.54 -669.84 -430.33 -230.46 -39.29 -37.20 550.40 336.06 677.86 789.34 588.67 748.30
ROCE % 5.11% 1.42% 4.38% 1.68% 1.67% 3.71% -4.54% -3.22% 0.43% 3.12% 2.10% 4.33%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83% 72.83%
0.27% 0.26% 0.26% 0.26% 0.25% 0.18% 0.18% 0.00% 0.00% 0.00% 0.00% 0.00%
26.90% 26.91% 26.91% 26.91% 26.91% 26.98% 26.99% 27.17% 27.18% 27.18% 27.17% 27.17%
No. of Shareholders 1,0941,3201,3741,3531,3351,4251,5271,7612,0602,2132,2722,474

* 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

Announcements

Annual reports