BSE: 515008 · ISIN INE219W01012
Modern Insulators Ltd. stock analysis
Modern Insulators Ltd. ranks #620 in the TickerSutra evidence-ranked universe with a score of 62/100 and 95% data confidence. The latest captured fundamentals show ROCE of 19.4%, quarterly sales growth of 33.2% and quarterly profit growth of 94.5%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.13×
- 18.7% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹442cr | ₹23cr | ₹22cr | 5.0% |
| 2023 | ₹431cr | ₹23cr | ₹28cr | 5.0% |
| 2024 | ₹443cr | ₹35cr | ₹36cr | 8.0% |
| 2025 | ₹503cr | ₹37cr | ₹39cr | 7.0% |
| 2026 | ₹720cr | ₹95cr | ₹80cr | 13.0% |
| TTM | ₹767cr | ₹114cr | ₹94cr | 15.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
The Company continued to maintain its leadership position in the manufacture of Extra High V oltage (EHV) porcelain insulators in India. The Division benefited from robust domestic demand, supported by continued investments in transmission infrastructure and renewable energy integration, along with healthy growth in export orders across key international markets. The Company's established manufacturing capabilities,
The Company continues to invest in innovation and advanced manufacturing technologies to enhance operational excellence. In view of the strong demand outlook for porcelain insulators in both domestic and international markets, the Company has undertaken phased capacity expansion to support future growth. During the year, one additional kiln was successfully commissioned, enhancing production capacity, while work on t
These initiatives are expected to enhance the Company's ability to serve a broader range of transmission and substation projects across international markets. The Company also continues to expand its global customer base through product approvals and strategic engagement with overseas utilities and EPC contractors. During the year, it secured approval from a leading utility in the Gulf region and received a significa
47143900 47143900 Nominal value per share 10 10 Earnings Per Share: – Basic 16.92 8.18 – Diluted 16.92 8.18 Note No. Income Tax Department has completed assessment for Assessment Year 2017-18 and 2018-19 and has disallowed such losses claimed pursuant to proposed amalgamation pending approval from concerned authorities. However, the Holding Company has filed appeal against the said order before CIT (Appeals).
Under this agreement, the Modern Insulators Limited has committed to provide continuous financial and operational support to the subsidiary Company to enable it to meet its liabilities as and when they fall due for atleast the next twelve months from the date of approval of these financial statements. Management is confident that with this support and projected operational improvements, the subsidiary Company will be
• There has been no change in the nature of business of the Company. Appreciation Your Directors place on record their sincere appreciation for the continued guidance, cooperation, and support received from the Company's bankers, business partners, stakeholders, Central and State Governments, and regulatory authorities during the year under review. Their trust and encouragement remain vital to the Company's growth jo
Profit before interest and depreciation (PBID) stood at 1.13 crores against 1.39 crores in the previous year. The Division's performance was impacted by prevailing market conditions and pricing pressures during the year. With a focus on strengthening its long-term competitiveness, the Company made strategic capital expenditure towards modernization, process improvements and capacity enhancement of the Terry Towels Di
The Company also continues to expand its global customer base through product approvals and strategic engagement with overseas utilities and EPC contractors. During the year, it secured approval from a leading utility in the Gulf region and received a significant order for RTV coated porcelain long rod insulators. It has also been awarded a framework contract by a European utility following the successful completion
Vehicles 2-10 Years Based on technical evaluation, management believes that the useful life as given above best represent the period over which the management expects to use these assets. Depreciation on additions is provided on a pro-rata basis from the date of installation or acquisition and in case of Projects from the date of commencement of commercial production. Depreciation on deductions/disposals is provided
The basic information about the Company is provided on the Company's website and the same is updated regularly. d) Presentations made to institutional investors or to the analysts The Company is committed to maintaining transparency and open communication with all its stakeholders. During the Financial Year 2025-26, the Company did not make any formal presentations to institutional investors or to equity research ana
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…