Modern Insulators Ltd

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

Modern Insulators Ltd

₹ 137 -0.55%
22 Nov - close price
moderninsulators.com BSE: 515008
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

Website BSE
  • Market Cap ₹ 644 Cr.
  • Current Price ₹ 137
  • High / Low ₹ 176 / 79.7
  • Stock P/E 15.6
  • Book Value ₹ 95.0
  • Dividend Yield 0.00 %
  • ROCE 9.06 %
  • ROE 8.87 %
  • Face Value ₹ 10.0
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Pros

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

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.15% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.31% over last 3 years.
  • Earnings include an other income of Rs.23.0 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
105 115 119 101 100 107 123 90 106 107 140 104 115
100 113 113 100 97 97 111 85 101 97 125 99 110
Operating Profit 5 2 5 1 3 10 12 4 5 11 15 5 5
OPM % 5% 2% 4% 1% 3% 9% 10% 5% 5% 10% 11% 5% 4%
3 1 2 3 4 3 3 3 3 3 3 6 10
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 5 0 5 0 4 10 11 3 6 10 15 8 12
Tax % 20% -190% -45% -326% -16% 3% -10% -14% -7% 2% -5% 1% -7%
4 0 7 1 5 10 13 4 6 10 16 8 13
EPS in Rs 0.80 0.06 1.46 0.21 1.01 2.12 2.66 0.84 1.31 2.15 3.44 1.65 2.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
392 459 418 461 386 403 440 437 390 436 431 443 466
355 418 381 419 350 371 404 401 350 414 406 408 431
Operating Profit 37 41 37 42 36 33 36 36 41 23 25 35 35
OPM % 9% 9% 9% 9% 9% 8% 8% 8% 10% 5% 6% 8% 8%
5 -6 5 11 9 7 8 7 15 12 14 12 23
Interest 13 12 19 13 12 12 11 13 9 5 4 3 4
Depreciation 8 8 9 8 10 10 10 10 11 9 9 9 9
Profit before tax 21 16 14 32 23 18 24 19 36 21 26 35 46
Tax % -2% 10% -19% 8% 32% 7% -9% -20% 1% -7% -9% -4%
21 14 17 29 15 17 26 23 35 22 28 36 47
EPS in Rs 3.26 3.53 5.41 4.80 7.52 4.65 6.00 7.74 10.02
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 0%
3 Years: 4%
TTM: 9%
Compounded Profit Growth
10 Years: 4%
5 Years: 7%
3 Years: 6%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 31%
1 Year: 55%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 22 47 47 47 47 47 47 47 47 47
Reserves 183 197 214 243 194 211 236 258 293 315 343 380 401
72 49 61 59 78 84 93 101 24 26 8 19 5
75 85 84 78 108 114 105 123 128 119 106 108 114
Total Liabilities 352 353 380 402 427 456 481 530 491 507 505 554 567
132 132 138 135 202 195 190 192 182 175 168 161 158
CWIP 2 2 2 2 0 0 0 0 0 0 0 0 2
Investments 10 20 17 20 1 0 2 2 9 10 5 24 41
208 199 223 245 225 261 289 336 300 322 331 370 367
Total Assets 352 353 380 402 427 456 481 530 491 507 505 554 567

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 44 -2 9 25 36 31 34 50 10 23 11
-6 -19 -13 -8 -9 -30 -15 -43 37 -4 -4 -16
-19 -23 12 -1 -17 -5 -2 -5 -87 -3 -22 8
Net Cash Flow -5 1 -3 0 -1 0 14 -14 1 3 -3 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 53 52 56 61 99 92 76 71 88 84 89 93
Inventory Days 131 103 184 129 244 257 289 400 353 340 306 271
Days Payable 60 55 66 54 115 109 84 147 130 110 83 85
Cash Conversion Cycle 124 100 174 136 227 240 280 323 310 313 312 279
Working Capital Days 80 74 92 88 137 137 132 165 150 150 167 184
ROCE % 12% 14% 12% 13% 9% 9% 10% 9% 10% 6% 8% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.20% 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% 0.33%
3.97% 3.59% 2.22% 2.82% 2.77% 2.72% 2.51% 2.23% 2.23% 1.94% 1.40% 1.34%
35.52% 35.89% 37.26% 36.66% 36.72% 36.77% 36.98% 37.26% 37.26% 37.55% 38.08% 38.14%
No. of Shareholders 1,34,9941,35,1471,35,1501,35,1921,35,1321,35,0201,34,8491,35,1411,37,1091,37,8691,38,3581,39,560

* 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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