---
title: "Modex International Securities Ltd (537092) — Share Price, Financials & Analysis"
symbol: "537092"
company: "Modex International Securities Ltd"
canonical: "https://tapetide.com/stocks/537092"
isin: "INE072D01015"
bse_code: "537092"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:59:12.139Z"
---

# Modex International Securities Ltd (537092)

Canonical page: https://tapetide.com/stocks/537092

## Company

- **BSE Code:** 537092
- **ISIN:** INE072D01015
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2013-12-27
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** modexindia.com

## About

Modex International Securities is engaged in the business of sale/ purchase of shares.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.29 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 6.82% over last 3 years.
- Earnings include an other income of Rs.2.33 Cr.
- Company has high debtors of 341 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 91% | 32% |
| revenue growth | -3% | 20% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 6.33 | 4.61 | 4.41 | 7.06 | 4.44 | 4.3 |
| Expenses | 5.4 | 4.19 | 3.64 | 5.18 | 3.81 | 3.99 |
| Operating Profit | 0.93 | 0.42 | 0.77 | 1.88 | 0.63 | 0.31 |
| OPM % | 14.69 | 9.11 | 17.46 | 26.63 | 14.19 | 7.21 |
| Other Income | 0.64 | 0.56 | 0.58 | 0.63 | 0.64 | 0.48 |
| Interest | 0.62 | 0.84 | 0.97 | 1.28 | 0.75 | 0.76 |
| Depreciation | 0.26 | 0.33 | 0.3 | 0.33 | 0.2 | 0.18 |
| Profit before tax | 0.69 | -0.19 | 0.08 | 0.9 | 0.32 | -0.15 |
| Tax % | 0 | 0 | 0 | 23.33 | 0 | 0 |
| Net Profit | 0.69 | -0.18 | 0.08 | 0.69 | 0.31 | -0.15 |
| EPS in Rs | 0.58 | -0.15 | 0.07 | 0.58 | 0.26 | -0.12 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.34 | 14.45 | 22.38 | 25.46 | 24.68 | 20.21 |
| Expenses | 6.86 | 12.76 | 20.65 | 23.3 | 18.35 | 16.62 |
| Operating Profit | 1.48 | 1.69 | 1.73 | 2.16 | 6.33 | 3.59 |
| OPM % | 17.75 | 11.7 | 7.73 | 8.48 | 25.65 | 17.76 |
| Other Income | 0.06 | 0.18 | 0.16 | 0.15 | 0.08 | 2.33 |
| Interest | 0.79 | 0.51 | 0.57 | 0.98 | 3.71 | 3.76 |
| Depreciation | 0.44 | 0.48 | 0.79 | 0.72 | 1.21 | 1.01 |
| Profit before tax | 0.31 | 0.88 | 0.53 | 0.61 | 1.49 | 1.15 |
| Tax % | 29.03 | 32.95 | -7.55 | -13.11 | 14.09 | — |
| Net Profit | 0.23 | 0.6 | 0.57 | 0.69 | 1.28 | 0.93 |
| EPS in Rs | 0.19 | 0.5 | 0.48 | 0.58 | 1.07 | 0.79 |
| Dividend Payout % | 0 | 0 | 63.16 | 0 | 9.38 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 6 | 6 | 6 | 6 |
| Reserves | 8.25 | 8.85 | 6.2 | 6.82 | 7.77 | 7.68 |
| Borrowings | 5.24 | 0.83 | 0.83 | 5.38 | 6.06 | 5.85 |
| Other Liabilities | 36.43 | 51.55 | 76.41 | 81.6 | 85.79 | 86.11 |
| Total Liabilities | 52.92 | 64.23 | 89.44 | 99.8 | 105.62 | 105.64 |
| Fixed Assets | 0.82 | 3.26 | 2.7 | 3.09 | 2.68 | 2.58 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.34 | 1.41 | 1.05 | 0.03 | 0.02 | 0.02 |
| Other Assets | 51.76 | 59.56 | 85.69 | 96.68 | 102.92 | 103.04 |
| Total Assets | 52.92 | 64.23 | 89.44 | 99.8 | 105.62 | 105.64 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 19.29 | 15.53 | 27.48 | -33.09 | -2.53 |
| Cash from Investing Activity | 1.41 | -0.78 | 2.82 | 2.88 | 1.82 |
| Cash from Financing Activity | 0.91 | -5.09 | -0.58 | 3.57 | -3.03 |
| Net Cash Flow | 21.61 | 9.66 | 29.73 | -26.64 | -3.75 |
| Free Cash Flow | 19.15 | 13.53 | 27.3 | -33.92 | -3.36 |
| CFO/OP | 1315 | 919 | 1588 | -1526 | -34 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 300.23 | 172.52 | 71.27 | 182.21 | 341.04 |
| Cash Conversion Cycle | 300.23 | 172.52 | 71.27 | 182.21 | 341.04 |
| Working Capital Days | -899.37 | -810.58 | -1018.51 | -462.34 | -385.41 |
| ROCE % | — | 9.19 | 8.48 | 9.78 | 25.92 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% |
| Public | 25% | 25% | 25% | 25% |
| No. of Shareholders | 712 | 640 | 610 | 725 |

### Quarterly

| Category | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| Public | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
| No. of Shareholders | 712 | 704 | 687 | 651 | 640 | 630 | 631 | 634 | 610 | 604 | 734 | 725 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.35 | Sell |
| EMA (10) | 3.37 | Sell |
| SMA (20) | 3.56 | Sell |
| EMA (20) | 3.69 | Sell |
| SMA (50) | 4.95 | Sell |
| EMA (50) | 4.51 | Sell |
| SMA (100) | 5.15 | Sell |
| EMA (100) | 5.64 | Sell |
| SMA (200) | 8.51 | Sell |
| EMA (200) | 8.74 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.35 | Neutral |
| MACD (12,26,9) | -0.48 | Buy |
| Stochastic (14,3,3) | 21.07 | Neutral |
| ADX (14) | 65.25 | Buy |
| Williams %R (14) | -59.77 | Neutral |
| ATR (14) | 0.19 | High Volatility |
| ROC (12) | -9.76 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 45.04 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Submission of Investor Presentation on Q3FY26 results | [Announcement under Regulation 30 (LODR)-Investor Presentation 7 Feb - Submission of Investor Presentation on Q3FY26 results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32ab9779-8eac-4e6d-be5f-17ad9218a22e.pdf) |
| 7 Apr 2022 - Of Commencement of Corporate Insolvency Resolution Process in the matter of M/s. Modex International Securities Ltd. | [Intimation of Commencement of Corporate Insolvency Resolution Process 7 Apr 2022 - Of Commencement of Corporate Insolvency Resolution Process in the matter of M/s. Modex International Securities Ltd.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8AE5FAB8-7BAA-49C5-B70C-5D0439CDE818-141415.pdf) |
| 6 Feb - COO Vipin Kumar resigned effective close of business on February 6, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 6 Feb - COO Vipin Kumar resigned effective close of business on February 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0c78166-9fd9-4627-98d9-5551b24582e2.pdf) |
| 5 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review attached. | [Board Meeting Outcome for Outcome Of Board Meeting- Unaudited Financial Results For The Quarter Ended 31.12.2025 5 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended Dec 31, 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62b62e48-33b9-4feb-b775-89d8ec1aa703.pdf) |
| 26 Nov 2022 - Outcome of 6th Committe of Creditors Meeting which was held on November 23, 2022. | [Outcome of 6th Committe of Creditors Meeting 26 Nov 2022 - Outcome of 6th Committe of Creditors Meeting which was held on November 23, 2022.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/F4B99862-EF95-4159-8860-D53E72B267EF-132306.pdf) |
| 26 Aug 2022 - Resolution Professional of Modex International Securities Ltd has informed regarding Post facto intimation of 4th meeting of Committee of Creditors of Modex International Securities Ltd. | [Post facto intimation of 4th meeting of Committee of Creditors 26 Aug 2022 - Resolution Professional of Modex International Securities Ltd has informed regarding Post facto intimation of 4th meeting of Committee of Creditors of Modex International Securities Ltd.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/C50A7774-F1D5-49D4-A552-9F08E04D2B08-093740.pdf) |
| 21 Jan 2020 - Investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, Modex International Securities … | [Clarification 21 Jan 2020 - Investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, Modex International Securities …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/30E31B83_5653_4D51_A0DF_D10C70E532D8_165848.pdf) |
| 2 Mar - March 9, 2026 virtual investor meeting at Bharat Connect Conference, 02:00–03:00 PM IST. | [Announcement Under Regulation 30 (6) Of SEBI LODR Regulations 2015 2 Mar - March 9, 2026 virtual investor meeting at Bharat Connect Conference, 02:00–03:00 PM IST.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/627b08cf-1af4-41c0-8968-4fb25626c3d0.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70b020ae-0770-4d0d-8690-b82554eae7f3.pdf) |
| — | [Unaudited Financial Results For The Quarter Ended 31.12.2025 5 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c2e3783d-9ce5-4a77-8fd3-901ce0fdae0a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4839b550-3333-40be-adac-32f9f057af32.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab2e509f-1a92-448a-8cb5-f3e8b03ca8c2.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3468cc9-b35a-40e3-a90c-f314c58d2467.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e3d5241-a54b-4769-aed0-0ed9740a908a.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ecba4403-93d0-4388-b9b8-41b3eb18e6aa.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1befa1e3-b7c7-47d7-a9cc-d11c3d3f8981.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/894dffd5-0f49-4b7b-b602-f49d3ccbd301.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a1d50bc-f1b2-424b-b089-550ff97192ab.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541352/75384541352.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541352/70335541352.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541352/65321541352.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/537092/5370920319.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541352/5413520319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/537092/5370920318.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541352/5413520318.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2022-11-26 | [Outcome of 6th Committe of Creditors Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F4B99862-EF95-4159-8860-D53E72B267EF-132306.pdf) |
| 2022-09-05 | [E voting results of 4th Meeting of Committee of Creditors of the Corporate Debtor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=420F4526-A2EE-433D-8823-7C3CE10A0760-181120.pdf) |
| 2022-08-26 | [Post facto intimation of 4th meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C50A7774-F1D5-49D4-A552-9F08E04D2B08-093740.pdf) |
| 2022-04-07 | [Intimation of Commencement of Corporate Insolvency Resolution Process](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8AE5FAB8-7BAA-49C5-B70C-5D0439CDE818-141415.pdf) |
| 2020-01-21 | [Clarification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30E31B83_5653_4D51_A0DF_D10C70E532D8_165848.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:59:12.139Z.