Graph not available
Graph not available

Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

Modern Insulators Ltd Performance

Today's Low
116.00
arrowIcon
Today's High
120.00
52 Wk Low
42.85
arrowIcon
52 Wk High
139.00


Open

120

Traded Value (Cr)

10.76 L

Prev. Close

119.8

VWAP

118.19

Volume

9,199

Face Value

10

Modern Insulators Ltd Fundamentals

Market Cap
₹ 589 Cr
P/E Ratio (TTM)
18.18
P/B Ratio
1.48
Debt to Equity
0.01
ROE
8.12 %
EPS (TTM)
6.88
Dividend Yield
0.00%
Book Value
84.59

Click here to know more about Fundamentals

Modern Insulators Ltd Financials

Modern Insulators Ltd Financials

Modern Insulators Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 60.20 % 60.20 % 60.20 % 60.20 %
Retail 32.34 % 31.63 % 31.14 % 30.99 %
Others 7.14 % 8.16 % 8.65 % 8.81 %
FII 0.31 % 0.00 % 0.00 % 0.00 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

60.20%

Retail

32.34%

Others

7.14%

FII

0.31%

Mutual Funds

0.00%

Promoters

60.20%

Retail

31.63%

Others

8.16%

FII

0.00%

Mutual Funds

0.00%

Promoters

60.20%

Retail

31.14%

Others

8.65%

FII

0.00%

Mutual Funds

0.00%

Promoters

60.20%

Retail

30.99%

Others

8.81%

FII

0.00%

Mutual Funds

0.00%

Resistance and Support

₹126.03

PIVOT

resistance-arrow
Resistance
First Resistance₹129.567
Second Resistance₹134.033
Third Resistance₹137.567
support-arrow
Support
First Resistance₹121.567
Second Resistance₹118.033
Third Resistance₹113.567
RSI66.650
MACD12.930
ADX55.042
CCI9.206

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day59,07835,81660.62
Week56,51843,26275.36
1 Month78,45662,61180.92
6 Months000.00

About Modern Insulators Ltd

Incorporated as a public limited company in May '82, Modern Insulators Limited (MIL), a member of the Modern group, was promoted in the joint sector by H S Ranka and the Rajasthan State Industrial Corporation (RSICO). It manufactures various types of high-tension (HT) insulators upto 400 kV (inst. cap. : 6000 tpa) producing sectional and post insulators, solid core insulators for the Railways and bushings for transformers, apparatus insulators, solid core insulators including long rod and line post insulators in technical collaboration with Siemens, Germany. The Company is primarily engaged in the business of manufacturing insulators and terry towels. Since inception, MIL has been facing technical problems resulting in a high degree of rejection at various stages of manufacture. With a view to help MIL overcome its resultant liquidity problems and stabilise operations on a viable footing, institutions have been extending relief by way of interest deferments and reschedulement of principal repayments. However, despite grants of reliefs / concessions, there was no appreciable improvement in the performance of MIL and it continued to incur losses. Based on the audited results for Apr.'91, a reference was made to the BIFR on the basis of which it was registered with the BIFR. However, another reference made to the BIFR on the basis of its audited accounts for the period ending 31 Oct.'92 which indicated a positive net worth, led to the case being deregistered. MIL came out with a rights issue in Oct.'95 to implement its project involving capacity expansion from 5000 tpa to 6000 tpa. The company was awarded the certificate of merit by CAPEXIL for the year 1997-98 for outstanding export performance. During the year 2017, the Hon'ble Board for Industrial & Financial Reconstruction (BIFR) sanctioned the Scheme of Amalgamation of Modern Terry Towels Limited (MTTL) with the Company, which became effective on 15th September, 2016. The Company further allotted 25400400 Equity Shares of the Company to the eligible shareholders of erstwhile Modern Terry Towels Limited thru' the scheme of Amalgamation. Further, the Company sold Investments in Subsidiary Company i.e. M/s Motile Power Trade Private Limited and therefore ceased to be a subsidiary of the Company during 2016-17. During the year 2017-18, the Scheme of Arrangement between the Company (MIL) and Modern Polytex Limited (MPL) for demerger of the Yarn Division of the Company into MPL, was made effective from 01.04.2011. Pursuant to the Scheme, Yarn Division of MIL was transferred to and vested in MPL who issued one equity shares of MPL for every two equity shares to the shareholders of MIL i.e. 1,08,71,750 equity shares of Rs. 10 each as fully paid up. Modern Metal High-Tech Components Private Limited ceased to be a wholly owned subsidiary company effective from 19.06.2023.

Managing Director

Sachin Ranka

Founded

1982

NSE Symbol

MODINSULAT

Modern Insulators Ltd Management

NameDesignation
R RainwalaIndependent Director
Sachin RankaChairman & Managing Director
Meenu SachetiIndependent Director
S K SharmaIndependent Director
Shreyans RankaWhole-time Director
Rahul SinghviIndependent Director
Pradeep Kumar GokhrooNon Executive Director
Gaje Singh SolankiCompany Sec. & Compli. Officer

Modern Insulators Ltd News

Modern Insulators consolidated net profit rises 0.90% in the December 2023 quarter
Sales rise 0.14% to Rs 107.14 crore
Modern Insulators to discuss results
On 12 February 2024
Modern Insulators consolidated net profit rises 32.26% in the September 2023 quarter
Sales rise 5.71% to Rs 106.19 crore
Modern Insulators to announce Quarterly Result
On 8 November 2023
Modern Insulators to convene AGM
On 28 September 2023
Modern Insulators consolidated net profit rises 323.33% in the June 2023 quarter
Sales decline 10.93% to Rs 89.75 crore
Modern Insulators to hold board meeting
On 10 August 2023
Modern Insulators consolidated net profit rises 44.10% in the March 2023 quarter
Sales rise 1.18% to Rs 122.76 crore
Modern Insulators to conduct board meeting
On 29 May 2023
Modern Insulators consolidated net profit rises 49650.00% in the December 2022 quarter
Sales decline 7.15% to Rs 106.99 crore

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
SIEMENS₹ 2,18,280 Cr
₹ 6,129.40
(-2.88 %)
112.69
ABB₹ 1,48,104 Cr
₹ 6,989.10
(-2.79 %)
118.74
BHEL₹ 95,095 Cr
₹ 273.10
(-4.61 %)
0.00
CGPOWER₹ 88,822 Cr
₹ 581.55
(-0.08 %)
99.41
SUZLON₹ 53,434 Cr
₹ 39.60
(-0.90 %)
0.00

Modern Insulators Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Modern Insulators Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Modern Insulators Ltd's share price is ₹117.00 as of May 10, 2024

Modern Insulators Ltd's P/E ratio is 18.18 times as of May 10, 2024.

Modern Insulators Ltd's most recent financial reports indicate a price-to-book ratio of 1.48, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Modern Insulators Ltd's market is 590 Cr as on May 10, 2024.

The current financial records of Modern Insulators Ltd show a 8.12% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Modern Insulators Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Modern Insulators Ltd's 52-week high and low as of May 10, 2024 are ₹120 and ₹116 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Modern Insulators Ltd stands at 60.20%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.00% to 0.31%.