Modern Insulators Ltd
Incorporated in 1982, Modern Insulators
Ltd is in the business of manufacturing insulators, terry towels and EPC projects[1]
- Market Cap ₹ 756 Cr.
- Current Price ₹ 160
- High / Low ₹ 176 / 57.5
- Stock P/E 21.0
- Book Value ₹ 90.1
- Dividend Yield 0.00 %
- ROCE 9.06 %
- ROE 8.86 %
- Face Value ₹ 10.0
Pros
- 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 7.30% 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
459 | 418 | 461 | 440 | 398 | 442 | 431 | 443 | |
418 | 381 | 419 | 404 | 359 | 419 | 408 | 408 | |
Operating Profit | 41 | 37 | 42 | 36 | 40 | 23 | 23 | 35 |
OPM % | 9% | 9% | 9% | 8% | 10% | 5% | 5% | 8% |
-6 | 5 | 11 | 6 | 15 | 12 | 15 | 12 | |
Interest | 12 | 19 | 13 | 13 | 9 | 5 | 4 | 3 |
Depreciation | 8 | 9 | 8 | 10 | 11 | 9 | 9 | 9 |
Profit before tax | 16 | 14 | 32 | 19 | 34 | 21 | 26 | 35 |
Tax % | 10% | -19% | 8% | -20% | 1% | -7% | -9% | -4% |
14 | 17 | 29 | 22 | 34 | 22 | 28 | 36 | |
EPS in Rs | 4.76 | 7.24 | 4.66 | 5.93 | 7.64 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | % |
3 Years: | 4% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | % |
3 Years: | 8% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 43% |
1 Year: | 161% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 47 | 47 | 47 | 47 | 47 |
Reserves | 197 | 214 | 243 | 258 | 291 | 313 | 342 | 378 |
49 | 61 | 59 | 101 | 24 | 26 | 8 | 19 | |
85 | 84 | 78 | 124 | 128 | 119 | 107 | 110 | |
Total Liabilities | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 |
132 | 138 | 135 | 192 | 182 | 175 | 168 | 163 | |
CWIP | 2 | 2 | 2 | 0 | 0 | 0 | 4 | 2 |
Investments | 20 | 17 | 20 | 2 | 9 | 10 | 5 | 19 |
199 | 223 | 245 | 336 | 299 | 320 | 326 | 370 | |
Total Assets | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
44 | -2 | 9 | 27 | 53 | 14 | 23 | 12 | |
-19 | -13 | -8 | -34 | 35 | -8 | -4 | -16 | |
-23 | 12 | -1 | -7 | -87 | -3 | -22 | 8 | |
Net Cash Flow | 1 | -3 | 0 | -14 | 1 | 3 | -3 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 56 | 61 | 70 | 86 | 83 | 89 | 93 |
Inventory Days | 125 | 214 | 156 | 415 | 345 | 332 | 306 | 271 |
Days Payable | 55 | 66 | 54 | 147 | 126 | 108 | 83 | 85 |
Cash Conversion Cycle | 122 | 204 | 163 | 338 | 305 | 307 | 312 | 279 |
Working Capital Days | 84 | 103 | 98 | 163 | 144 | 146 | 161 | 197 |
ROCE % | 12% | 13% | 10% | 6% | 7% | 9% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Company has approved the appointment of Shri Pradeep Kumar Gokhroo as Additional Director and Shri Ganapathy Viishwanathan Kalpathy as Additional director in the capacity of …
-
Announcement under Regulation 30 (LODR)-Resignation of Director
24 Jul - Mr. Vikas Sharma, Executive Director of the Company has tendered his resignation with effect from the close of business hours on July 31st, 2024 due …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Weare enclosing herewith Compliance certificate received from M/s Beetal Financial & Computer Services Private Limited, Registrar & Share Transfer Agent in compliance with Regulation 74(5) …
- Closure of Trading Window 29 Jun
-
Appointment of Company Secretary and Compliance Officer
25 Jun - Disclosure in reference to our earlier intimation dated June 24, 2024 regarding the appointment of Ms. Harshita Hetawal (M. No. A60561) as Company Secretary & …
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2009
from bse
-
Financial Year 2008
from bse
-
Financial Year 2007
from bse
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