Modern Insulators Ltd.

BSE: MODINSU515008ISIN INE219W01012

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹465.70+22.15 (+4.99%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹579.00
52W low: ₹142.15
Off 52W high: -19.57%
1M return: +4.76%
3M return: -8.23%
6M return: +18.24%
1Y return: +211.92%
20D avg volume: 52,287
50 DMA: ₹449.87
200 DMA: ₹380.36

Key ratios Consolidated

Market cap: ₹2,195 Cr
Current price: ₹465.70
52W high / low: ₹579.00 / ₹142.15
Face value: ₹10.00
P/E: 23.66
P/B: 4.04
EPS (TTM): ₹19.68
Book value / share: ₹115.24
ROE: —
ROCE: 17.00%
Operating margin: —
Net margin: —
Debt / equity: 0.13
Net debt: ₹62.59 Cr
Interest cover: 18.15
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 130.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24
Income statement
	188.30	202.51	199.46	141.38	159.96	124.58	114.92	103.81	140.22	107.14	106.19	89.75
	9.39	5.74	3.90	5.29	1.88	4.89	4.98	5.49	3.33	2.59	3.08	2.54
	197.68	208.25	203.37	146.66	158.08	129.48	119.90	109.30	143.55	109.73	109.27	92.30
	160.22	175.24	171.60	132.24	145.72	117.72	113.06	102.37	128.28	99.45	103.51	88.95
	50.73	53.72	61.46	39.91	46.68	39.07	40.71	35.21	36.69	32.66	33.08	31.42
	0.00	0.09	0.19	0.05	0.28	0.09	0.10	0.09	0.24	0.14	0.03	0.15
	24.18	20.26	23.99	22.51	23.02	19.32	19.34	18.07	17.70	18.23	17.97	18.59
	1.31	1.55	1.25	1.38	1.30	0.89	0.98	1.03	0.71	0.76	0.61	1.32
	2.41	2.63	2.45	2.38	2.31	2.17	2.15	2.10	2.22	2.11	2.15	2.14
	94.54	98.08	88.34	65.52	74.71	61.22	58.80	51.24	57.27	46.66	46.83	42.84
	37.47	33.01	31.76	14.42	12.36	11.76	6.84	6.93	15.27	10.28	5.76	3.34
	0.00	0.00	0.00	0.00	0.73	0.07	5.42	0.71	0.00	0.00	0.00	0.00
	37.47	33.01	31.76	14.42	13.09	11.83	12.25	7.64	15.27	10.28	5.76	3.34
	7.87	9.17	7.64	0.80	4.40	2.53	0.79	0.09	0.77	0.24	0.39	0.47
	29.60	23.84	24.13	15.22	8.69	9.29	13.04	7.55	16.04	10.04	6.14	3.81
	6.28	5.06	5.12	3.23	1.84	1.97	2.77	1.60	3.40	2.13	1.30	0.81
Key metrics
	41.19	37.19	35.46	18.18	16.70	14.89	15.38	10.77	18.20	13.15	8.52	6.80
	21.90%	18.40%	17.80%	12.90%	10.40%	12.00%	13.40%	10.40%	13.00%	12.30%	8.00%	7.60%
	15.70%	11.80%	12.10%	10.80%	5.40%	7.50%	11.30%	7.30%	11.40%	9.40%	5.80%	4.20%
	—	5.50%	—	—	2.80%	—	—	—	—	—	—	—
	33.20%	26.60%	60.10%	36.20%	14.10%	16.30%	8.20%	15.70%	—	—	—	—
	94.50%	174.30%	159.70%	101.60%	-45.80%	-7.50%	112.40%	98.20%	—	—	—	—

Metric	FY26	FY25	FY24	FY23	FY22
Income statement
	719.84	503.27	443.30	430.96	441.62
	21.88	13.58	11.50	15.10	11.88
	741.72	516.85	454.80	446.06	453.50
	640.88	478.96	420.14	420.37	432.88
	201.71	161.67	133.85	—	144.74
	0.39	0.55	0.56	—	0.34
	90.75	79.75	72.50	—	71.95
	5.88	4.29	3.41	—	5.20
	9.84	8.73	8.62	—	8.73
	334.07	245.97	193.56	—	211.98
	100.84	37.89	34.66	25.69	20.62
	0.00	6.92	0.00	0.00	0.00
	100.84	44.81	34.66	25.69	20.62
	21.05	6.23	1.39	2.26	1.36
	79.78	38.58	36.04	27.95	21.98
	16.92	8.18	7.65	—	4.66
Key metrics
	116.56	57.83	46.69	25.69	34.55
	16.20%	11.50%	10.50%	6.00%	7.80%
	11.10%	7.70%	8.10%	6.50%	5.00%
	17.00%	9.60%	—	—	—
	43.00%	13.50%	2.90%	-2.40%	—
	106.80%	7.00%	28.90%	27.20%	—
	26.15	21.03	—	—	—
	0.59	1.03	—	—	—
	0.13	0.05	—	—	—
	62.59	20.27	—	—	—
	130.0	151.5	—	—	—
Balance sheet
	761.78	603.56	—	—	—
	499.37	346.77	—	—	—
	5.58	4.94	—	—	—
	152.57	122.01	—	—	—
	159.60	124.86	—	—	—
	52.09	43.45	—	—	—
	177.54	171.49	—	—	—
	55.90	38.11	—	—	—
	133.05	90.79	—	—	—
	68.17	25.21	—	—	—
	31.90	20.56	—	—	—
	36.27	4.65	—	—	—
	543.26	463.32	—	—	—
Cash flow
	46.68	39.71	—	—	—
	-83.12	-41.18	—	—	—
	37.08	1.78	—	—	—
	20.53	18.68	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	187.20	201.86	199.39	176.51	141.37	159.93	124.58	114.92	103.83	140.21	107.14	106.19
	9.45	5.78	3.98	7.05	5.36	-1.86	4.99	5.02	5.67	3.47	2.69	3.10
	196.65	207.64	203.37	183.56	146.74	158.07	129.56	119.94	109.50	143.69	109.83	109.28
	159.87	173.97	171.13	161.07	131.45	145.47	117.85	113.08	102.31	128.25	99.45	103.51
	48.93	53.34	60.97	46.62	39.91	46.65	39.06	40.71	35.21	36.69	32.66	33.08
	0.00	0.09	0.19	0.05	0.05	0.13	0.09	0.12	0.07	0.24	0.14	0.03
	23.78	19.80	23.56	23.67	22.30	22.93	19.29	19.27	18.04	17.70	18.23	17.97
	1.04	1.35	1.08	1.51	1.21	1.20	0.89	0.94	1.12	0.71	0.76	0.61
	2.08	2.36	2.17	2.15	2.18	2.16	2.15	2.13	2.08	2.22	2.11	2.15
	94.75	97.60	88.54	82.16	65.32	74.81	61.41	58.94	51.16	57.25	46.66	46.83
	36.78	33.67	32.24	22.49	15.29	12.60	11.72	6.87	7.19	15.44	10.39	5.77
	0.00	0.00	0.00	0.00	0.00	0.73	0.07	5.42	0.71	—	—	—
	36.78	33.67	32.24	22.49	15.29	13.32	11.79	12.28	7.90	15.44	10.39	5.77
	7.81	9.07	7.58	4.96	0.85	4.25	2.54	0.82	0.10	0.79	0.24	0.39
	28.97	24.59	24.66	17.53	16.14	9.07	9.25	13.10	7.80	16.23	10.15	6.16
	6.14	5.22	5.23	3.72	3.42	1.92	1.96	2.78	1.65	3.44	2.15	1.31
Key metrics
	39.90	37.38	35.49	26.15	18.68	16.68	14.83	15.35	11.10	18.37	13.26	8.53
	21.30%	18.50%	17.80%	14.80%	13.20%	10.40%	11.90%	13.40%	10.70%	13.10%	12.40%	8.00%
	15.50%	12.20%	12.40%	9.90%	11.40%	5.70%	7.40%	11.40%	7.50%	11.60%	9.50%	5.80%
	—	5.60%	—	4.50%	—	2.80%	—	—	—	—	—	—
	32.40%	26.20%	60.00%	53.60%	36.20%	14.10%	16.30%	8.20%	—	—	—	—
	79.50%	171.10%	166.60%	33.80%	106.90%	-44.10%	-8.90%	112.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	764.96	719.14	503.25	443.29	430.96	436.22
	26.26	22.17	13.82	11.90	15.34	12.06
	791.22	741.31	517.08	455.19	446.30	448.28
	666.04	637.63	478.70	420.11	420.26	427.74
	209.86	200.85	161.63	133.85	124.69	141.92
	0.33	0.39	0.41	0.56	1.00	0.34
	90.81	89.33	79.53	72.49	69.53	71.28
	4.98	5.15	4.15	3.41	4.15	5.20
	8.76	8.86	8.52	8.62	8.68	8.73
	363.05	333.62	246.32	193.53	197.93	210.80
	125.18	103.68	38.37	35.08	26.04	20.54
	0.00	0.00	6.92	—	—	—
	125.18	103.68	45.29	35.08	26.04	20.54
	29.42	20.76	6.08	1.41	2.26	1.36
	95.75	82.93	39.22	36.49	28.30	21.90
	20.31	17.59	8.32	7.74	6.00	4.65
Key metrics
	138.92	117.69	57.96	47.11	38.87	34.47
	18.16%	16.40%	11.50%	10.60%	9.00%	7.90%
	12.52%	11.50%	7.80%	8.20%	6.60%	5.00%
	—	17.30%	9.70%	—	—	—
	41.45%	42.90%	13.50%	2.90%	-1.20%	—
	101.32%	111.40%	7.50%	28.90%	29.20%	—
	—	38.41	33.57	—	—	—
	—	0.63	1.02	—	—	—
	—	0.11	0.04	—	—	—
	—	54.65	15.67	—	—	—
	—	128.3	151.2	—	—	—
Balance sheet
	—	756.81	599.29	—	—	—
	—	511.78	354.19	—	—	—
	—	5.50	3.64	—	—	—
	—	151.90	121.98	—	—	—
	—	155.44	124.51	—	—	—
	—	49.43	42.35	—	—	—
	—	156.16	156.88	—	—	—
	—	54.49	38.05	—	—	—
	—	127.39	88.61	—	—	—
	—	60.15	19.31	—	—	—
	—	28.50	19.28	—	—	—
	—	31.65	0.03	—	—	—
	—	549.12	466.03	—	—	—
Cash flow
	—	52.46	40.07	—	—	—
	—	-86.28	-36.69	—	—	—
	—	35.68	-3.97	—	—	—
	—	14.05	6.50	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +18.61%
Sales CAGR 5Y: —
Profit CAGR 3Y: +43.10%
Profit CAGR 5Y: —
Sales YoY (TTM): +41.45%
Profit YoY (TTM): +101.32%

Consolidated

Sales CAGR 3Y: +18.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: +41.85%
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 60.17%

Quarter	September 2026	June 2026
Promoter %	60.17%	60.17%

Holder	Type	Holding	Previous	Change
Vijay Beneficiary Trust (Through Trustee Sachin Ranka)	Promoter Group	34.99%	34.99%	0.00%
Jay Beneficiary Trust (Through Trustee Sachin Ranka)	Promoter Group	13.85%	13.85%	0.00%
PRIDE MERCANTILES PVT LTD	Promoter Group	11.33%	11.33%	0.00%
VIJAY AGGARWAL	Public	1.06%	1.06%	0.00%
MAHENDRA GIRDHARILAL WADHWANI	Public	1.04%	1.04%	0.00%
Other Institutions Foreign	Public	0.11%	0.31%	-0.20%
SUVRAT RANKA	Promoter	0.00%	0.00%	0.00%
Ajaymeru Trading & Investments Private Limited	Promoter Group	0.00%	0.00%	0.00%
SACHIN RANKA	Promoter	0.00%	0.00%	0.00%
Trishul Traders Private Limited	Promoter Group	0.00%	0.00%	0.00%
SMRITI RANKA	Promoter	0.00%	0.00%	0.00%
SHREYANS RANKA	Promoter	0.00%	0.00%	0.00%
Vulvan Traders Private Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Modern Insulators Limited has informed the exchange regarding the compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulation 2018 for the quarter ended September, 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Modern Insulators Limited has informed the exchange regarding voting result and Scrutinizer''s Report of the 41st AGM of the Company.1 Oct 2026 · AGM/EGM / AGM
The Summary of the proceedings of the 41st Annual General Meeting of the Company30 Sep 2026 · AGM/EGM / AGM
Modern Insulators Limited has informed the exchange regarding the trading window closure from 1st October, 2026 till completion of 48 hours from the announcement of Unaudited Financial ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication of Notice of 41st AGM of the Company to be held on September 30, 20268 Sep 2026 · Company Update / Newspaper Publication
Please find attached Notice of 41st Annual General Meeting of Company.7 Sep 2026 · AGM/EGM / AGM
We have enclosed the Annual Report of the Company for the year ended 31st March, 20267 Sep 2026 · Others / Reg. 34 (1) Annual Report
Please refer the attached file20 Aug 2026 · Company Update / Credit Rating
Please find attached copies of Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 202612 Aug 2026 · Company Update / Newspaper Publication
Modern Insulators Limited has submitted the unaudited financial result for the quarter ended June 30, 202610 Aug 2026 · Result / Financial Results
Modern Insulators Limited has submitted the exchange the un-audited Standalone and Consolidated Financial Result for the quarter ended June 30, 202610 Aug 2026 · Board Meeting / Outcome of Board Meeting
Modern Insulators Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve The Unaudited financial results ....5 Aug 2026 · Board Meeting / Board Meeting
Please find the attached certificate dated July 04th, 2026 issued by Beetal Financial & Computer Services Private Limited, Confirming compliance under Regulation 74(5) of SEBI (Depositories ....7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please refer the attached file.26 Jun 2026 · Company Update / General
Intimation of Trading Window Closure for the quarter ended 30th June, 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached copies of Newspaper Publication of audited financial result for the quarter and year ended 31st March 202631 May 2026 · Company Update / Newspaper Publication
Please find the attached Annual Secretarial Compliance Report for the financial year 2025-2630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please refer the attached file29 May 2026 · Result / Financial Results
The Board of Directors of the Company in its meeting held today have considered and approved the Audited Financials Results for the quarter and Year ended 31st March, 2026.29 May 2026 · Board Meeting / Outcome of Board Meeting
Modern Insulators Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve The Audited financial results ....25 May 2026 · Board Meeting / Board Meeting
We wish to inform that CRISIL Ratings Limited has assigned the Credit Rating as mentioned in this disclosure.6 May 2026 · Company Update / Credit Rating
Please find the attached certificate dated April 03, 2026 issued by Beetal Financial & Computer Services Private Limited, Confirming Compliance under Regulation 74(5) of SEBI (Depositories ....6 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Initimation of Trading Window Closure for the quarter and financial year ended 31st March, 202625 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached Scrutinizer''s Report of Postal Ballot.5 Mar 2026 · AGM/EGM / Postal Ballot
We hereby submit the newspaper advertisement of the Unaudited Financial statement in pursuance of Regulation 30 and 47 of SEBI (LODR) Regulation, 2015.12 Feb 2026 · Company Update / Newspaper Publication
Please refer the attached document10 Feb 2026 · Result / Financial Results
The Board of Directors in their meeting held today i,e, 10th February, 2026 have considered and approved the Unaudited Standalone & Consolidated Financial results for the quarter and nine ....10 Feb 2026 · Board Meeting / Outcome of Board Meeting
Modern Insulators Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve Please refer the attached file5 Feb 2026 · Board Meeting / Board Meeting
Please refer the attached file4 Feb 2026 · Company Update / General
Refer the attached file31 Jan 2026 · AGM/EGM / Postal Ballot
Refer the attached file31 Jan 2026 · AGM/EGM / Postal Ballot
Please refer enclosed file23 Jan 2026 · Company Update / General
The Board of Directors in their meeting held today i,e, 08th January, 2026, has considered and approved the appointment of Shri Shreyans Ranka as Joint Managing Director of the Company ....8 Jan 2026 · Others / Outcome without intimation
Intimation of closure of Trading Window31 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
We hereby submit the newspaper advertisement of the Unaudited Financial statement in pursuance of Regulation 30 and 47 of SEBI (LODR) Regulation, 2015.8 Nov 2025 · Company Update / Newspaper Publication
The Board of Director in their meeting held today have considered and approved the Unaudited Standalone & Consolidated Results for the quarter and half year ended 30th September, 20256 Nov 2025 · Result / Financial Results
The Board of Director in their meeting held today have considered and approved the Unaduited (Consolidated & Standalone) Results for the quarter and half year ended 30.09.20256 Nov 2025 · Board Meeting / Outcome of Board Meeting
Modern Insulators Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2025 ,inter alia, to consider and approve the Unaudited (Standalone ....2 Nov 2025 · Board Meeting / Board Meeting
We wish to inform that the Company has decided to withdraw the Reclassification Application of Kakunda Investment Private Limited from the Promoter Group to the Public Group16 Oct 2025 · Company Update / General
We are pleased to inform you that the Board of directors of Modern Insulators Limited ("the Company") in consultation wth Modern Polytex Limited("MPL") have fixed 31st October, 2025 as ....13 Oct 2025 · Corp. Action / Record Date

Corporate actions

Purpose	Ex date	Record date	Payment date
Spin Off	31 Oct 2025	31 Oct 2025	—

Board meetings

10 Aug 2026 Board Meeting - Financial Results