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Modern Insulators Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹148.97Overvalued by 55.13%vs CMP ₹332.00

P/E (23.4) × ROE (7.4%) × BV (₹106.00) × DY (2.00%)

₹155.85Overvalued by 53.06%vs CMP ₹332.00
MoS: -113% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹186.5523%Over (-43.8%)
Graham NumberEarnings₹184.8116%Over (-44.3%)
Earnings PowerEarnings₹56.5814%Over (-83%)
DCFCash Flow₹342.7611%Fair (+3.2%)
Net Asset ValueAssets₹105.937%Over (-68.1%)
EV/EBITDAEnterprise₹72.469%Over (-78.2%)
Earnings YieldEarnings₹143.207%Over (-56.9%)
ROCE CapitalReturns₹104.297%Over (-68.6%)
Revenue MultipleRevenue₹106.575%Over (-67.9%)
Consensus (9 models)₹155.85100%Overvalued
Key Drivers: EPS CAGR 25.2% lifts DCF — verify sustainability. | Wide model spread (₹57–₹343) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.2%

*Investments are subject to market risks

Analyst Summary

Modern Insulators Ltd operates in the Electric Equipment - General segment, NSE: MODINSU | BSE: 515008, current market price is ₹332.00, market cap is 1,567 Cr.. At a glance, stock P/E is 23.4, ROE is 7.36 %, ROCE is 8.98 %, book value is 106, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹155.85, around 53.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹503 Cr versus the prior period change of 13.5%, while latest net profit is about ₹39 Cr with a prior-period change of 8.3%. The 52-week range shown on this page is 338/84.7, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisModern Insulators Ltd. is a Public Limited Listed company incorporated on 01/05/1982 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Modern Insulators Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

62
Modern Insulators Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 9.0% AverageROE 7.4% AverageD/E 0.06 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 60.2% Stable
Earnings Quality40/100 · Moderate
OPM stable around 8% SteadyWorking capital: 188 days Capital intensive
Quarterly Momentum100/100 · Strong
Revenue (4Q): +40% YoY AcceleratingProfit (4Q): +48% YoY StrongOPM: 16.0% (up 8.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 23.4 vs industry 73.5 Cheaper than peersROCE 9.0% vs industry 16.5% Below peersROE 7.4% vs industry 16.0% Below peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 1:53 am

Market Cap 1,567 Cr.
Current Price 332
Intrinsic Value₹155.85
High / Low 338/84.7
Stock P/E23.4
Book Value 106
Dividend Yield0.00 %
ROCE8.98 %
ROE7.36 %
Face Value 10.0
PEG Ratio0.93

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Modern Insulators Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Insulators Ltd 1,567 Cr. 332 338/84.723.4 1060.00 %8.98 %7.36 % 10.0
Spectrum Electrical Industries Ltd 1,781 Cr. 1,134 1,900/95848.6 1370.00 %15.7 %13.7 % 10.0
Igarashi Motors India Ltd 1,214 Cr. 386 665/27189.2 1480.65 %7.73 %5.30 % 10.0
Salzer Electronics Ltd 1,100 Cr. 622 1,127/48921.1 3150.40 %12.8 %10.6 % 10.0
Servotech Power Systems Ltd 2,038 Cr. 90.2 168/57.563.0 10.70.06 %20.8 %19.0 % 1.00
Industry Average14,781.87 Cr607.6473.4998.000.28%16.47%16.01%6.47

All Competitor Stocks of Modern Insulators Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10712390106107140104115125160141177199
Expenses 97111851019712598110115142128157168
Operating Profit 1012451115551018131932
OPM % 9%10%5%5%10%11%5%4%8%11%9%11%16%
Other Income 3333336105-2574
Interest 1111111111121
Depreciation 2222222222222
Profit before tax 10113610158121213152232
Tax % 3%-10%-14%-7%2%-5%1%-7%22%32%-5%22%23%
Net Profit 101346101681399161825
EPS in Rs 2.132.670.841.312.153.451.662.781.961.933.433.725.24

Last Updated: March 3, 2026, 6:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 13, 2026, 5:43 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 459418461386403440437390436431443503677
Expenses 418381419350371404401350414406408466595
Operating Profit 41374236333636412325353782
OPM % 9%9%9%9%8%8%8%10%5%6%8%7%12%
Other Income -65119787151214122115
Interest 12191312121113954345
Depreciation 898101010101199999
Profit before tax 16143223182419362126354583
Tax % 10%-19%8%32%7%-9%-20%1%-7%-9%-4%13%
Net Profit 14172915172623352228363967
EPS in Rs 3.263.535.424.817.524.656.017.758.3314.32
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)21.43%70.59%-48.28%13.33%52.94%-11.54%52.17%-37.14%27.27%28.57%8.33%
Change in YoY Net Profit Growth (%)0.00%49.16%-118.86%61.61%39.61%-64.48%63.71%-89.32%64.42%1.30%-20.24%

Modern Insulators Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:3%
3 Years:5%
TTM:18%
Compounded Profit Growth
10 Years:7%
5 Years:4%
3 Years:21%
TTM:5%
Stock Price CAGR
10 Years:%
5 Years:65%
3 Years:44%
1 Year:-17%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:8%
Last Year:7%

Last Updated: September 5, 2025, 3:55 pm

Balance Sheet

Last Updated: December 4, 2025, 3:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222247474747474747474747
Reserves 197214243194211236258293315343380419453
Borrowings 49615978849310124268191926
Other Liabilities 858478108114105123128119106108114138
Total Liabilities 353380402427456481530491507505554599664
Fixed Assets 132138135202195190192182175168161157153
CWIP 2220000000002
Investments 20172010229105245162
Other Assets 199223245225261289336300322331370391447
Total Assets 353380402427456481530491507505554599664

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 44-29253631345010231140
Cash from Investing Activity + -19-13-8-9-30-15-4337-4-4-16-37
Cash from Financing Activity + -2312-1-17-5-2-5-87-3-228-4
Net Cash Flow 1-30-1014-1413-33-1
Free Cash Flow 35-174173326235511221035
CFO/OP 105%-5%22%70%110%84%96%123%43%94%31%121%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-8.00-24.00-17.00-42.00-51.00-57.00-65.0017.00-3.0017.0016.0018.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 525661999276718884899388
Inventory Days 103184129244257289400353340306271324
Days Payable 55665411510984147130110838599
Cash Conversion Cycle 100174136227240280323310313312279314
Working Capital Days 35394164615682128129161169188
ROCE %14%12%13%9%9%10%9%10%6%8%9%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 60.20%60.20%60.20%60.20%60.20%60.20%60.20%60.20%60.20%60.20%60.18%60.18%
FIIs 0.31%0.31%0.31%0.31%0.31%0.31%0.33%0.33%0.33%0.33%0.33%0.33%
DIIs 2.72%2.51%2.23%2.23%1.94%1.40%1.34%1.34%1.34%1.34%1.34%1.31%
Public 36.77%36.98%37.26%37.26%37.55%38.08%38.14%38.13%38.13%38.13%38.15%38.18%
No. of Shareholders 1,35,0201,34,8491,35,1411,37,1091,37,8691,38,3581,39,5601,39,7511,39,6161,39,6331,39,7271,40,159

Shareholding Pattern Chart

No. of Shareholders

Modern Insulators Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.187.655.934.667.24
Diluted EPS (Rs.) 8.187.655.934.667.24
Cash EPS (Rs.) 10.049.477.776.519.49
Book Value[Excl.RevalReserv]/Share (Rs.) 98.2890.1182.4476.4871.81
Book Value[Incl.RevalReserv]/Share (Rs.) 98.2890.1182.4476.4871.81
Revenue From Operations / Share (Rs.) 106.7594.0391.4193.6784.52
PBDIT / Share (Rs.) 10.809.908.177.3311.55
PBIT / Share (Rs.) 8.958.076.335.489.29
PBT / Share (Rs.) 9.517.355.454.377.32
Net Profit / Share (Rs.) 8.187.645.934.667.24
NP After MI And SOA / Share (Rs.) 8.187.645.934.667.24
PBDIT Margin (%) 10.1110.538.937.8213.65
PBIT Margin (%) 8.388.586.925.8410.99
PBT Margin (%) 8.907.815.964.668.65
Net Profit Margin (%) 7.668.136.484.978.56
NP After MI And SOA Margin (%) 7.668.136.484.978.56
Return on Networth / Equity (%) 8.328.487.196.0910.08
Return on Capital Employeed (%) 8.228.076.836.2811.23
Return On Assets (%) 6.396.505.544.346.95
Long Term Debt / Equity (X) 0.010.000.000.000.00
Total Debt / Equity (X) 0.050.040.020.070.06
Asset Turnover Ratio (%) 0.860.830.850.870.76
Current Ratio (X) 3.823.773.882.802.48
Quick Ratio (X) 2.442.492.141.501.32
Inventory Turnover Ratio (X) 4.371.201.041.190.89
Interest Coverage Ratio (X) 11.8713.719.286.655.86
Interest Coverage Ratio (Post Tax) (X) 8.3811.587.735.234.67
Enterprise Value (Cr.) 479.83414.01198.35244.10230.34
EV / Net Operating Revenue (X) 0.950.930.460.550.57
EV / EBITDA (X) 9.428.875.157.064.23
MarketCap / Net Operating Revenue (X) 0.910.900.450.510.53
Price / BV (X) 0.990.940.500.620.62
Price / Net Operating Revenue (X) 0.910.900.450.510.53
EarningsYield 0.080.080.140.090.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Modern Insulators Ltd. is a Public Limited Listed company incorporated on 01/05/1982 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L31300RJ1982PLC002460 and registration number is 002460. Currently company belongs to the Industry of Electric Equipment - General. Company's Total Operating Revenue is Rs. 503.25 Cr. and Equity Capital is Rs. 47.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralTalheti, Village Karoli, Sirohi District Rajasthan 307510Contact not found
Management
NamePosition Held
Mr. Sachin RankaChairman & Managing Director
Mr. Shreyans RankaWhole Time Director
Mr. Animesh BanerjeeExecutive Director
Mr. P SridharanExecutive Director
Mrs. Meenu SachetiIndependent Director
Mr. S K SharmaIndependent Director
Mr. Rahul SinghviIndependent Director
Mr. Ganpathy Vishwanathan KalpathyIndependent Director

FAQ

What is the intrinsic value of Modern Insulators Ltd and is it undervalued?

As of 29 April 2026, Modern Insulators Ltd's intrinsic value is ₹155.85, which is 53.06% lower than the current market price of ₹332.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.36 %), book value (₹106), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Modern Insulators Ltd?

Modern Insulators Ltd is trading at ₹332.00 as of 29 April 2026, with a FY2026-2027 high of ₹338 and low of ₹84.7. The stock is currently near its 52-week high. Market cap stands at ₹1,567 Cr..

How does Modern Insulators Ltd's P/E ratio compare to its industry?

Modern Insulators Ltd has a P/E ratio of 23.4, which is below the industry average of 73.49. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Modern Insulators Ltd financially healthy?

Key indicators for Modern Insulators Ltd: ROCE of 8.98 % is on the lower side compared to the industry average of 16.47%; ROE of 7.36 % is below ideal levels (industry average: 16.01%). Dividend yield is 0.00 %.

Is Modern Insulators Ltd profitable and how is the profit trend?

Modern Insulators Ltd reported a net profit of ₹39 Cr in Mar 2025 on revenue of ₹503 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows an improving trend.

Does Modern Insulators Ltd pay dividends?

Modern Insulators Ltd has a dividend yield of 0.00 % at the current price of ₹332.00. The company is currently not paying meaningful dividends.

Last Updated: April 26, 2026, 1:53 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 515008 | NSE: MODINSU
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Modern Insulators Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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