Modern Insulators Ltd.

•

moderninsulators.comBSE: -NSE: MODINSULAT

Market Cap₹ 2,119 Cr.

Current Price

High / Low—

Stock P/E22.5

Book Value₹ 122

Price to Book1.00

Dividend Yield0.00 %

ROCE10.5 %

ROE8.7 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Insulators: 88.7% • Terry Towels: 11.3% • Others: 0.0%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 94.4% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company comfortably covers its interest (11.4x coverage)

CONS

A large part of profit comes from other income (30.3% of PBT)
Company has a low return on capital employed of 9.1%
Company has a low return on equity of 8.3% over last 3 years
Company has delivered a poor sales growth of 2.7% over past five years
Total debt has risen sharply - up 31.7% year on year
Effective tax rate is unusually low at 13.9% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsElectronics - Components

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SYRMA	1588.65	83.22	30634.01	0.09	105.69	111.72	1588.62	68.29	17.70	10.17
2.	KAYNES	3500.00	67.87	23462.13	0.00	56.43	-24.37	946.02	40.47	13.38	15.60
3.	AVALON	2265.95	113.44	15155.19	0.00	34.87	145.31	484.41	49.83	20.34	11.96
4.	UTLSOLAR	446.70	46.58	13709.30	0.00	577.94	—	13456.93	—	36.46	18.94
5.	CYIENTDLM	904.15	87.42	7177.45	0.00	16.29	118.21	373.80	34.25	10.41	9.93
6.	VIKRAMSOLR	166.80	16.94	6044.07	0.00	19.78	-85.17	1563.09	37.89	34.07	8.06
7.	SAATVIKGL	396.30	20.30	5037.17	0.00	5.36	-95.49	511.01	-44.20	55.18	6.62
8.	WEBELSOLAR	75.79	10.86	3290.52	0.33	77.79	—	372.60	115.39	63.74	33.70
9.	KERNEX	1734.35	15.28	2914.34	0.00	109.85	1382.00	503.58	800.38	23.69	32.33
10.	MODINSULAT	449.50	22.51	2119.12	0.00	29.60	94.43	188.30	33.19	10.53	16.89
11.	INA	93.04	10.24	2051.08	0.00	380.25	796.94	7406.98	1766.82	34.98	9.74
12.	IKIO	224.45	37.30	1734.57	0.00	11.05	364.51	169.29	40.91	10.02	12.97

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90	106	107	140	104	115	125	160	141	176	199	203	188
	85	101	97	125	99	110	115	142	128	158	168	171	160
Operating Profit	4	5	11	15	5	5	10	18	13	19	32	31	28
OPM %	4.75%	5.16%	9.86%	10.65%	4.99%	4.34%	7.96%	11.16%	9.12%	10.64%	15.82%	15.53%	14.91%
	3	3	3	3	6	10	5	-1	5	7	4	6	9
Interest	1	1	1	1	1	1	1	1	1	2	1	2	1
Depreciation	2	2	2	2	2	2	2	2	2	2	2	3	2
Profit before Tax	3	6	10	15	8	12	12	13	14	22	32	33	37
Tax %	-14.03%	-6.77%	2.33%	-5.04%	1.18%	-6.44%	21.39%	33.61%	-5.55%	23.34%	24.06%	27.78%	20.99%
Net Profit	0	0	0	0	8	13	9	9	15	17	24	24	30
	0.81	1.30	2.13	3.40	1.60	2.77	1.97	1.84	3.23	3.52	5.12	5.06	6.28

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	Mar 2025	TTM
	459	418	461	440	398	442	431	443	503	767
	419	382	420	404	359	419	407	408	466	657
Operating Profit	41	36	41	36	40	23	24	35	37	110
OPM %	8.88%	8.62%	8.92%	8.14%	9.94%	5.16%	5.67%	7.94%	7.42%	14.33%
	-5	6	12	6	15	12	14	11	20	26
Interest	12	19	13	13	9	5	4	3	4	6
Depreciation	8	9	8	10	11	9	9	9	9	10
Profit before Tax	16	14	32	19	35	21	26	35	45	124
Tax %	10.49%	-19.16%	7.67%	-20.07%	1.07%	-6.59%	-8.79%	-4.00%	13.90%	24.00%
Net Profit	14	17	29	22	34	22	28	36	39	94
EPS	0.00	0.00	0.00	0.00	7.24	4.66	5.93	7.65	8.18	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 3%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 11%
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: 8%
3 Years:: 8%
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	Mar 2025
Equity Capital	22	22	22	47	47	47	47	47	47
	197	214	243	258	291	313	342	378	416
	59	69	62	101	24	26	8	19	24
Trade Payables	32	28	26	46	43	40	32	33	38
	43	48	50	78	85	79	75	76	85
Total Liabilities	353	380	402	530	491	506	504	554	610
	132	138	135	192	182	175	168	163	172
Capital Work in Progress	2	2	2	0	0	0	4	2	1
	20	17	20	2	9	10	5	19	46
	74	92	76	130	117	123	117	106	125
	0	0	0	0	0	0	0	113	122
Cash & Bank	7	4	5	3	6	8	6	8	7
	118	127	165	203	177	189	203	143	137
Total Assets	353	380	402	530	491	506	504	554	610

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	Mar 2025
	66	11	11	27	53	14	23	12	40
Cash from Investing	-19	-13	-8	-34	35	-8	-4	-16	-41
Cash from Financing	-23	12	-1	-7	-87	-3	-22	8	2
	1	-3	0	-14	1	3	-3	3	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.20	60.20	60.20	60.20	60.20	60.18	60.18	60.18	60.18
	0.00	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.09
	1.40	1.34	1.34	1.34	1.34	1.34	1.31	1.19	1.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.09	38.13	38.13	38.13	38.13	38.15	38.18	38.30	38.34

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MODINSULAT

Loading news…

🤖

AI Stock Analyst

Modern Insulators Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

SYRMA

1588.65

83.22

30634.01

0.09

105.69

111.72

1588.62

68.29

17.70

10.17

KAYNES

3500.00

67.87

23462.13

0.00

56.43

-24.37

946.02

40.47

13.38

15.60

AVALON

2265.95

113.44

15155.19

0.00

34.87

145.31

484.41

49.83

20.34

11.96

UTLSOLAR

446.70

46.58

13709.30

0.00

577.94

—

13456.93

—

36.46

18.94

CYIENTDLM

904.15

87.42

7177.45

0.00

16.29

118.21

373.80

34.25

10.41

9.93

VIKRAMSOLR

166.80

16.94

6044.07

0.00

19.78

-85.17

1563.09

37.89

34.07

8.06

SAATVIKGL

396.30

20.30

5037.17

0.00

5.36

-95.49

511.01

-44.20

55.18

6.62

WEBELSOLAR

75.79

10.86

3290.52

0.33

77.79

—

372.60

115.39

63.74

33.70

KERNEX

1734.35

15.28

2914.34

0.00

109.85

1382.00

503.58

800.38

23.69

32.33

MODINSULAT

449.50

22.51

2119.12

0.00

29.60

94.43

188.30

33.19

10.53

16.89

INA

93.04

10.24

2051.08

0.00

380.25

796.94

7406.98

1766.82

34.98

9.74

IKIO

224.45

37.30

1734.57

0.00

11.05

364.51

169.29

40.91

10.02

12.97

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

106

107

140

104

115

125

160

141

176

199

203

188

101

125

110

115

142

128

158

168

171

160

Operating Profit

OPM %

4.75%

5.16%

9.86%

10.65%

4.99%

4.34%

7.96%

11.16%

9.12%

10.64%

15.82%

15.53%

14.91%

-1

Interest

Depreciation

Profit before Tax

Tax %

-14.03%

-6.77%

2.33%

-5.04%

1.18%

-6.44%

21.39%

33.61%

-5.55%

23.34%

24.06%

27.78%

20.99%

Net Profit

0.81

1.30

2.13

3.40

1.60

2.77

1.97

1.84

3.23

3.52

5.12

5.06

6.28

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

459

418

461

440

398

442

431

443

503

767

419

382

420

404

359

419

407

408

466

657

Operating Profit

110

OPM %

8.88%

8.62%

8.92%

8.14%

9.94%

5.16%

5.67%

7.94%

7.42%

14.33%

-5

Interest

Depreciation

Profit before Tax

124

Tax %

10.49%

-19.16%

7.67%

-20.07%

1.07%

-6.59%

-8.79%

-4.00%

13.90%

24.00%

Net Profit

EPS

0.00

7.24

4.66

5.93

7.65

8.18

—

Dividend Payout %

0.00%

—

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

197

214

243

258

291

313

342

378

416

101

Trade Payables

Total Liabilities

353

380

402

530

491

506

504

554

610

132

138

135

192

182

175

168

163

172

Capital Work in Progress

130

117

123

117

106

125

113

122

Cash & Bank

118

127

165

203

177

189

203

143

137

Total Assets

353

380

402

530

491

506

504

554

610

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cash from Investing

-19

-13

-8

-34

-8

-4

-16

-41

Cash from Financing

-23

-1

-7

-87

-3

-22

-3

-14

-3

Mar 2014

Mar 2015

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.20

60.18

0.00

0.02

0.09

1.40

1.34

1.31

1.19

1.08

Government

0.00

38.09

38.13

38.15

38.18

38.30

38.34

Modern Insulators Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Modern Insulators Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI