Modern Insulators Share Price & Earnings Call Analysis
- Market cap
- ₹2,091 Cr
- P/E
- 22.20
- ROE
- 15.69%
- PEG
- 0.53
- Price to sales
- 2.73
- Debt to equity
- 0.13
- 52W high / low
- ₹572 / ₹148
- Sales growth (5Y)
- 12.56%
- EBITDA margin
- 14.81%
- Net profit margin
- 10.97%
- Promoter holding
- 60.18%
- Sales (last year)
- ₹767 Cr
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Modern Insulator
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Modern Insulator
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 107 | 123 | 90 | 106 | 107 | 140 | 104 | 115 | 125 | 160 | 141 | 176 | 199 |
| Expenses + | 97 | 111 | 85 | 101 | 97 | 125 | 99 | 110 | 115 | 142 | 128 | 158 | 168 |
| Operating Profit | 10 | 12 | 4 | 5 | 11 | 15 | 5 | 5 | 10 | 18 | 13 | 19 | 32 |
| OPM % | 9% | 10% | 5% | 5% | 10% | 11% | 5% | 4% | 8% | 11% | 9% | 11% | 16% |
| Other Income + | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 10 | 5 | -2 | 5 | 7 | 4 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 10 | 11 | 3 | 6 | 10 | 15 | 8 | 12 | 12 | 13 | 14 | 22 | 32 |
| Tax % | 3% | -10% | -14% | -7% | 2% | -5% | 1% | -6% | 21% | 34% | -6% | 23% | 24% |
| Net Profit + | 10 | 12 | 4 | 6 | 10 | 16 | 8 | 13 | 9 | 9 | 15 | 17 | 24 |
| EPS in Rs | 2.11 | 2.64 | 0.81 | 1.31 | 2.13 | 3.41 | 1.60 | 2.77 | 1.97 | 1.85 | 3.23 | 3.52 | 5.12 |
Financials of Modern Insulator
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 459 | 418 | 461 | 440 | 398 | 442 | 431 | 443 | 503 | 677 |
| Expenses + | 418 | 381 | 419 | 404 | 359 | 419 | 406 | 408 | 466 | 596 |
| Operating Profit | 41 | 37 | 42 | 36 | 40 | 23 | 25 | 35 | 37 | 81 |
| OPM % | 9% | 9% | 9% | 8% | 10% | 5% | 6% | 8% | 7% | 12% |
| Other Income + | -6 | 5 | 11 | 6 | 15 | 12 | 14 | 12 | 20 | 15 |
| 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 | 34 | 21 | 26 | 35 | 45 | 81 |
| Tax % | 10% | -19% | 8% | -20% | 1% | -7% | -9% | -4% | 14% | |
| Net Profit + | 14 | 17 | 29 | 22 | 34 | 22 | 28 | 36 | 39 | 65 |
| EPS in Rs | 4.77 | 7.25 | 4.67 | 5.93 | 7.65 | 8.19 | 13.72 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Modern Insulator
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| Reserves | 197 | 214 | 243 | 258 | 291 | 313 | 342 | 378 | 416 | 448 |
| Borrowings + | 49 | 61 | 59 | 101 | 24 | 26 | 8 | 19 | 25 | 33 |
| Other Liabilities + | 85 | 84 | 78 | 124 | 128 | 119 | 107 | 110 | 115 | 139 |
| Total Liabilities | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 | 604 | 667 |
| Fixed Assets + | 132 | 138 | 135 | 192 | 182 | 175 | 168 | 163 | 172 | 171 |
| CWIP | 2 | 2 | 2 | 0 | 0 | 0 | 4 | 2 | 1 | 4 |
| Investments | 20 | 17 | 20 | 2 | 9 | 10 | 5 | 19 | 46 | 57 |
| Other Assets + | 199 | 223 | 245 | 336 | 299 | 320 | 326 | 370 | 384 | 435 |
| Total Assets | 353 | 380 | 402 | 530 | 491 | 506 | 504 | 554 | 604 | 667 |
Financials of Modern Insulator
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 44 | -2 | 9 | 27 | 53 | 14 | 23 | 12 | 40 |
| Cash from Investing Activity + | -19 | -13 | -8 | -34 | 35 | -8 | -4 | -16 | -41 |
| Cash from Financing Activity + | -23 | 12 | -1 | -7 | -87 | -3 | -22 | 8 | 2 |
| Net Cash Flow | 1 | -3 | 0 | -14 | 1 | 3 | -3 | 3 | 0 |
| Free Cash Flow | 35 | -18 | 4 | 16 | 57 | 15 | 18 | 7 | 22 |
| CFO/OP | 105% | -5% | 22% | 77% | 133% | 61% | 92% | 33% | 120% |
Financials of Modern Insulator
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 56 | 61 | 70 | 86 | 83 | 89 | 93 | 88 |
| Inventory Days | 125 | 214 | 156 | 415 | 345 | 332 | 306 | 271 | 325 |
| Days Payable | 55 | 66 | 54 | 147 | 126 | 108 | 83 | 85 | 99 |
| Cash Conversion Cycle | 122 | 204 | 163 | 338 | 305 | 307 | 312 | 279 | 314 |
| Working Capital Days | 45 | 51 | 51 | 80 | 123 | 125 | 154 | 166 | 147 |
| ROCE % | 12% | 13% | 10% | 6% | 7% | 9% | 9% |
Momentum score · price trend
41 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +189.7% | 98% |
| Last 6 months | +20.1% | 76% |
| Last 3 months | −5.1% | 58% |
The price is 23.3% below its all-time high of ₹571.5 (24 Jun 2026). Stocks more than 20% below their peak have their score halved, so 81 became 41.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Modern Insulator: 0.4 × 98 + 0.4 × 76 + 0.2 × 58 = 81, halved to 41 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.