Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 106 | 107 | 140 | 104 | 115 | 125 | 160 | 141 | 176 | 199 | 203 | 188 |
| Expenses | 101 | 97 | 125 | 99 | 110 | 115 | 142 | 128 | 158 | 168 | 171 | 157 |
| Operating Profit | 5 | 11 | 15 | 5 | 5 | 10 | 18 | 13 | 19 | 32 | 31 | 32 |
| OPM % | 5% | 10% | 11% | 5.0% | 4.3% | 8% | 11% | 9% | 11% | 16% | 16% | 17% |
| Other Income | 3 | 3 | 3 | 6 | 10 | 5 | -1 | 5 | 7 | 4 | 6 | 9 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 6 | 10 | 15 | 8 | 12 | 12 | 13 | 14 | 22 | 32 | 33 | 37 |
| Tax % | -7% | 2% | -5% | 1% | -6% | 21% | 34% | -6% | 23% | 24% | 28% | 21% |
| Net Profit | 6 | 10 | 16 | 8 | 13 | 9 | 9 | 15 | 17 | 24 | 24 | 30 |
| EPS in Rs | 1.31 | 2.13 | 3.41 | 1.60 | 2.77 | 1.97 | 1.85 | 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 459 | 418 | 461 | 440 | 398 | 442 | 431 | 443 | 503 | 720 | 767 |
| Expenses | 418 | 381 | 419 | 404 | 359 | 419 | 408 | 408 | 465 | 625 | 653 |
| Operating Profit | 41 | 37 | 42 | 36 | 40 | 23 | 23 | 35 | 38 | 95 | 114 |
| OPM % | 9% | 9% | 9% | 8% | 10% | 5% | 5% | 8% | 8% | 13% | 15% |
| Other Income | -6 | 5 | 11 | 6 | 15 | 12 | 15 | 12 | 19 | 22 | 26 |
| Interest | 12 | 19 | 13 | 13 | 9 | 5 | 4 | 3 | 4 | 6 | 6 |
| Depreciation | 8 | 9 | 8 | 10 | 11 | 9 | 9 | 9 | 9 | 10 | 10 |
| Profit before tax | 16 | 14 | 32 | 19 | 34 | 21 | 26 | 35 | 45 | 101 | 124 |
| Tax % | 10% | -19% | 8% | -20% | 1% | -7% | -9% | -4% | 14% | 21% | |
| Net Profit | 14 | 17 | 29 | 22 | 34 | 22 | 28 | 36 | 39 | 80 | 94 |
| EPS in Rs | 4.77 | 7.25 | 4.67 | 5.93 | 7.65 | 8.19 | 16.94 | 19.98 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | 13% | 19% | 42% | ||
| Compounded Profit Growth | 12% | 22% | 42% | 133% | ||
| Stock Price CAGR | % | 47% | 83% | 288% | ||
| Return on Equity | % | 9% | 11% | 16% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| Reserves | 197 | 214 | 243 | 258 | 291 | 313 | 342 | 378 | 416 | 496 |
| Borrowings | 49 | 61 | 59 | 101 | 24 | 26 | 8 | 19 | 25 | 68 |
| Other Liabilities | 85 | 84 | 78 | 124 | 128 | 119 | 107 | 110 | 115 | 150 |
| Total Liabilities | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 | 604 | 762 |
| Fixed Assets | 132 | 138 | 135 | 192 | 182 | 175 | 168 | 163 | 172 | 178 |
| CWIP | 2 | 2 | 2 | 0 | 0 | 0 | 4 | 2 | 1 | 1 |
| Investments | 20 | 17 | 20 | 2 | 9 | 10 | 5 | 19 | 46 | 114 |
| Other Assets | 199 | 223 | 245 | 336 | 299 | 320 | 326 | 370 | 384 | 469 |
| Total Assets | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 | 604 | 762 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 44 | -2 | 9 | 27 | 53 | 14 | 23 | 12 | 40 | 47 |
| Cash from Investing Activity | -19 | -13 | -8 | -34 | 35 | -8 | -4 | -16 | -41 | -83 |
| Cash from Financing Activity | -23 | 12 | -1 | -7 | -87 | -3 | -22 | 8 | 2 | 37 |
| Net Cash Flow | 1 | -3 | 0 | -14 | 1 | 3 | -3 | 3 | 0 | 1 |
| Free Cash Flow | 35 | -18 | 4 | 16 | 57 | 15 | 18 | 7 | 22 | 32 |
| CFO/OP | 105% | -5% | 22% | 77% | 133% | 61% | 98% | 33% | 117% | 74% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 56 | 61 | 70 | 86 | 83 | 89 | 93 | 88 | 77 |
| Inventory Days | 125 | 214 | 156 | 415 | 345 | 332 | 306 | 271 | 325 | 291 |
| Days Payable | 55 | 66 | 54 | 147 | 126 | 108 | 83 | 85 | 99 | 102 |
| Cash Conversion Cycle | 122 | 204 | 163 | 338 | 305 | 307 | 312 | 279 | 314 | 266 |
| Working Capital Days | 45 | 51 | 51 | 80 | 123 | 125 | 154 | 166 | 147 | 119 |
| ROCE % | 12% | 13% | 10% | 6% | 7% | 9% | 9% | 19% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 60.20% | 60.20% | 60.20% | 60.20% | 60.20% | 60.20% | 60.20% | 60.20% | 60.18% | 60.18% | 60.18% | 60.18% |
| FIIs | 0.31% | 0.31% | 0.31% | 0.31% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% | 0.40% |
| DIIs | 2.23% | 2.23% | 1.94% | 1.40% | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% | 1.31% | 1.19% | 1.08% |
| Public | 37.26% | 37.26% | 37.55% | 38.08% | 38.14% | 38.13% | 38.13% | 38.13% | 38.15% | 38.18% | 38.31% | 38.34% |
| No. of Shareholders | 1,35,141 | 1,37,109 | 1,37,869 | 1,38,358 | 1,39,560 | 1,39,751 | 1,39,616 | 1,39,633 | 1,39,727 | 1,40,159 | 1,40,264 | 1,40,887 |
Fundamentals
Market Cap₹ 2,071 Cr.
Current Price₹ 439
Stock P/E22.0
Book Value₹ 115
ROCE19.3 %
ROE15.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)133%
Consolidated figures.
Valuation
Market capRs 1,996 Cr
Enterprise valueRs 2,047 Cr
P/E (TTM)21.20x
Price to book3.67x
Price to sales2.60x
EV / EBITDA14.67x
EV / EBIT15.79x
EV / sales2.67x
Price to cash flow42.76x
Earnings yield4.72%
P/E, 3-year average11.33x
P/B, 3-year average1.22x
P/E, 5-year average9.95x
P/B, 5-year average0.94x
Profitability
Operating margin (excl. other income)13.15%
Operating margin (incl. other income)16.19%
EBITDA margin18.20%
Pre-tax margin16.16%
Net profit margin12.28%
Net margin, latest quarter15.72%
ROE15.85%
ROCE19.40%
ROA11.69%
ROE, 3-year average11.13%
ROCE, 3-year average13.00%
ROA, 3-year average8.39%
ROE, 5-year average9.43%
ROCE, 5-year average10.70%
ROA, 5-year average7.02%
ROIC (approx.)17.26%
Tax rate20.88%
Other income / net worth4.04%
Growth
Sales growth (latest year)43.03%
Profit growth (latest year)106.79%
Sales CAGR, 3 years18.65%
Sales CAGR, 5 years12.56%
Profit CAGR, 3 years41.85%
Profit CAGR, 5 years18.51%
Sales growth QoQ-7.02%
Profit growth QoQ24.16%
Sales growth YoY (latest quarter)33.19%
Profit growth YoY (latest quarter)94.48%
Per share
EPS (TTM)Rs 19.97
EPS (latest year)Rs 16.92
EPS (latest quarter)Rs 6.28
EPS, 3-year averageRs 10.92
EPS, 5-year averageRs 8.67
Book value per shareRs 115.23
Sales per shareRs 162.64
Cash flow per shareRs 9.90
Free cash flow per shareRs 6.79
Efficiency
Asset turnover0.94x
Fixed asset turnover4.05x
Inventory turnover2.94x
Inventory days124 days
Debtor days77 days
Debtors turnover4.72x
Creditor days102 days
Cash conversion cycle266 days
Working capital days119 days
Leverage
Total debtRs 68 Cr
Cash and bankRs 17 Cr
Net debtRs 51 Cr
Debt to equity0.13x
Net debt / EBITDA0.37x
Interest coverage22.32x
Owners' fund to total sources71.31%
Debt to assets8.95%
Cash flow
Cash from Operating Activity (latest year)Rs 47 Cr
Cash from Investing Activity (latest year)Rs -83 Cr
Cash from Financing Activity (latest year)Rs 37 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 32 Cr
FCFE (approx.: FCF + change in debt)Rs 75 Cr
Cash from ops / profit, 5 years0.66x
Sales to cash flow15.42x
Statement figures
Net sales (TTM)Rs 767 Cr
Net sales (latest year)Rs 720 Cr
Sales (latest quarter)Rs 188 Cr
Operating profit excl. other income (latest year)Rs 95 Cr
Operating profit (latest quarter)Rs 32 Cr
Other income (TTM)Rs 26 Cr
EBITDA (TTM)Rs 140 Cr
PBDT (TTM)Rs 134 Cr
Profit before tax (TTM)Rs 124 Cr
Tax (latest year)Rs 21 Cr
Net profit (TTM)Rs 94 Cr
Net profit (latest year)Rs 80 Cr
Net profit (latest quarter)Rs 30 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 469 Cr
Total expenditure (latest year)Rs 625 Cr
Total income (latest year)Rs 742 Cr
Share capitalRs 47 Cr
ReservesRs 496 Cr
Shareholders' fundsRs 543 Cr
Total assetsRs 762 Cr
Net blockRs 178 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 114 Cr
ReceivablesRs 153 Cr
InventoryRs 160 Cr
Other liabilitiesRs 150 Cr
Shares outstanding (crore)4.71
Ownership
Promoter holding60.18% (-0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.2 is at the 91th percentile of its own 6.3-year range
(median 9.2, low 1.3, high 31.8).
P/B 3.67 is at the 92th percentile (median 0.83).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 515008 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.3% | -2.8% | -5.5 pts |
| 1 month | +4.4% | -6.8% | +11.2 pts |
| 3 months | -21.2% | -7.6% | -13.6 pts |
| 3 years | +487.0% | +14.2% | +472.8 pts |
| 5 years | +520.0% | +27.9% | +492.1 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹188 Cr +33.3% vs Jun 2025.
Net profit ₹30 Cr +100.0%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Modern Insulators Ltd?
Modern Insulators Ltd (515008) has a market capitalisation of Rs 2,071 Cr. at the 2026-10-01 close.
What is the P/E ratio of Modern Insulators Ltd?
Modern Insulators Ltd trades at a P/E of 22.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Modern Insulators Ltd's latest quarterly results?
In the Jun 2026 quarter, Modern Insulators Ltd sales was Rs 188 Cr (+33.3% vs Jun 2025) and net profit was Rs 30 Cr.