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Modern Insulators

515008 BSE
₹465.70

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P/E
22.91
View as Markdown
MCP
Close 4 Nov 2026 ₹465.70 +308.95 +197% 1Y
Start ₹156.75

Key Fundamentals

MicrocapElectrical EquipmentCapital Goods

Price-based figures at the close · EPS basis: Consolidated · TTM

ROCE
19.80%
Debt to Equity
0.11
EPS (TTM)
₹20.33
Book Value
₹115.24
Market Cap
—
P/E (TTM)
22.91
P/B
4.04
ROE
16.20%
Dividend Yield
0.00%
EBITDA
₹117 Cr
52W High
₹579.00
52W Low
₹142.15

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
51
Average
Cheap vs sector & own history 24% weight
Growth
85
Strong
Sales & profit trajectory 9% weight
Financial Health
82
Strong
Solvency, leverage, coverage 9% weight
Momentum
66
Good
Trend strength, vol-adjusted 12% weight
Ownership
42
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.2% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 3.66 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish568
OscillatorsBearish360
Moving AveragesStrong Bullish208

Key readings

RSI (14)
52.89
Neutral
MACD (12,26,9)
−5.18
Bearish
SMA (50)
449.86
Bullish
SMA (200)
380.35
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+4.54%
5Y+13.01%
3Y+18.60%
1Y+42.94%
TTM+41.40%

Net profit

Net profit growth by window
10Y+11.09%
5Y+18.85%
3Y+43.65%
1Y+112.82%
TTM+106.38%

Operating cash flow

Operating cash flow growth by window
10Y+19.17%
5Y+0.79%
3Y+31.25%
1Y+30.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.10 pp
5Y+2.70 pp
3Y+7.64 pp
1Y+5.66 pp
TTM+6.27 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹386 Cr
Mar 2018₹403 Cr
Mar 2019₹440 Cr
Mar 2020₹437 Cr
Mar 2021₹390 Cr
Mar 2022₹436 Cr
Mar 2023₹431 Cr
Mar 2024₹443 Cr
Mar 2025₹503 Cr
Mar 2026₹719 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹15.00 Cr
Mar 2018₹17.00 Cr
Mar 2019₹26.00 Cr
Mar 2020₹23.00 Cr
Mar 2021₹35.00 Cr
Mar 2022₹22.00 Cr
Mar 2023₹28.00 Cr
Mar 2024₹36.00 Cr
Mar 2025₹39.00 Cr
Mar 2026₹83.00 Cr

Quarterly Results

₹ Cr
515008 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
90
106
107
140
104
115
125
160
141
177
199
202
187
Expenses
85
101
97
125
98
110
115
142
128
157
168
170
157
Operating Profit
4
5
11
15
5
5
10
18
13
19
32
32
30
OPM %
4.8%
5%
10%
11%
5%
4.3%
8%
11%
9%
11%
16%
16%
16%
Other Income
3
3
3
3
6
10
5
−1
5
7
4
6
9
Interest
1
1
1
1
1
1
1
1
1
2
1
1
1
Depreciation
2
2
2
2
2
2
2
2
2
2
2
2
2
PBT
3
6
10
15
8
12
12
13
15
22
32
34
37
Tax %
−14%
−7%
2%
−5%
1%
−7%
22%
32%
−5%
22%
23%
27%
21%
Net Profit
4
6
10
16
8
13
9
9
16
18
25
25
29
EPS (₹)
0.84
1.31
2.15
3.45
1.66
2.78
1.96
1.93
3.43
3.72
5.24
5.22
6.15

Profit & Loss

₹ Cr
515008 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
418
461
386
403
440
437
390
436
431
443
503
719
765
Expenses
381
419
350
371
404
401
350
414
407
408
465
624
652
Operating Profit
37
42
36
33
36
36
41
23
24
35
38
95
113
OPM %
9%
9%
9%
8%
8%
8%
10%
5%
5%
8%
8%
13%
15%
Other Income
5
11
9
7
8
7
15
12
15
12
20
22
26
Interest
19
13
12
12
11
13
9
5
4
3
4
5
5
Depreciation
9
8
10
10
10
10
11
9
9
9
9
9
9
PBT
14
32
23
18
24
19
36
21
26
35
45
104
125
Tax %
−19%
8%
32%
7%
−9%
−20%
1%
−7%
−9%
−4%
13%
20%
—
Net Profit
17
29
15
17
26
23
35
22
28
36
39
83
96
EPS (₹)
—
—
3.26
3.53
5.42
4.81
7.52
4.65
6.01
7.75
8.33
17.61
20.33
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
515008 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
22
22
47
47
47
47
47
47
47
47
47
47
Reserves
214
243
194
211
236
258
293
315
343
380
419
502
Borrowings
61
59
78
84
93
101
24
26
8
19
19
60
Other Liabilities
84
78
108
114
105
123
128
119
106
108
114
148
Total Liabilities
380
402
427
456
481
530
491
507
505
554
599
757
Fixed Assets
138
135
202
195
190
192
182
175
168
161
157
156
CWIP
2
2
0
0
0
0
0
0
0
0
0
1
Investments
17
20
1
0
2
2
9
10
5
24
51
119
Other Assets
223
245
225
261
289
336
300
322
331
370
391
481
Total Assets
380
402
427
456
481
530
491
507
505
554
599
757

Cash Flow

₹ Cr
515008 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−2
9
25
36
31
34
50
10
23
11
40
52
Investing
−13
−8
−9
−30
−15
−43
37
−4
−4
−16
−37
−86
Financing
12
−1
−17
−5
−2
−5
−87
−3
−22
8
−4
36
Net Cash Flow
−3
0
−1
0
14
−14
1
3
−3
3
−1
2
Free Cash Flow
−17
4
17
33
26
23
55
11
22
10
35
44
CFO/EBITDA
−5
22
70
110
84
96
123
43
100
31
119
80

Ratios

515008 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
56
61
99
92
76
71
88
84
89
93
88
77
Inventory Days
184
129
244
257
289
400
353
340
306
271
324
283
Days Payable
66
54
115
109
84
147
130
110
83
85
99
99
Cash Conversion Cycle
174
136
227
240
280
323
310
313
312
279
314
261
Working Capital Days
39
41
64
61
56
82
128
129
161
169
155
128
ROCE %
12%
13%
9%
9%
10%
9%
10%
6%
8%
9%
9%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Modern Insulators insights

58 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.18%
  • Public 31.64%
  • Others 6.80%
  • DIIs 1.06%
  • FIIs 0.31%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Modern Insulators

What does Modern Insulators Ltd do?
Modern Insulators is an arm of the Modern group of Industries and was set up in 1985 in collaboration with Siemens, Germany. Modern Insulators is also India’s largest manufacturer and exporter of porcelain insulators and is closely associated with National and Regional Utilities, Indian Railways…
Where is Modern Insulators Ltd (MODINSU) listed?
Modern Insulators Ltd trades under code 515008 on the BSE.
Which sector does Modern Insulators Ltd belong to?
Modern Insulators Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the PE ratio of Modern Insulators Ltd?
Modern Insulators Ltd trades at a PE ratio of 22.91 as of 4 Nov 2026, on earnings per share of ₹20.33, against a book value of ₹115.24 per share.
What is the 52-week high and low of Modern Insulators Ltd?
Over the last 52 weeks Modern Insulators Ltd has traded between ₹142.15 and ₹579 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Modern Insulators Ltd?
Modern Insulators Ltd reported a return on equity of 16.20%. Its debt-to-equity ratio is 0.11.

Company Information

Modern Insulators is an arm of the Modern group of Industries and was set up in 1985 in collaboration with Siemens, Germany. Modern Insulators is also India’s largest manufacturer and exporter of porcelain insulators and is closely associated with National and Regional Utilities, Indian Railways, OEMs & EPC companies worldwide.

Website moderninsulators.com
Listed 1 Jul 2020
Face Value ₹10

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