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Modern Insulators Ltd

Company details

46.55
50.30
36.60
65.60
6M Return 11.26%
1Y Return -24.06%
Mkt Cap.(Cr) 232.89
Volume 264,071
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 264,071

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 360.55 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

INFORMATION

Stock PE (TTM)

16.35

Promoter Holding

60.2%

Book Value

77.6589

ROCE

5.76%

ROE

5.46%

Description

  • Incorporated as a public limited company in May `82, Modern Insulators (MIL), a member of the Modern group, was promoted in the joint sector by H S Ranka and the Rajasthan State Industrial Corporation (RSICO). It manufactures various types of high-tension (HT) insulators upto 400 kV (inst. cap. : 6000 tpa) producing sectional and post insulators, solid core insulators for the Railways and bushings for transformers, apparatus insulators, solid core insulators including long rod and line post insulators in technical collaboration with Siemens, Germany. Since inception, MIL has been facing technical problems resulting in a high degree of rejection at various stages of manufacture. With a view to help MIL overcome its resultant liquidity problems and stabilise operations on a viable footing, institutions have been extending relief by way of interest deferments and reschedulement of principal repayments. However, despite grants of reliefs / concessions, there was no appreciable improvement in the performance of MIL and it continued to incur losses. Based on the audited results for Apr.`91, a reference was made to the BIFR on the basis of which it was registered with the BIFR. However, another reference made to the BIFR on the basis of its audited accounts for the period ending 31 Oct.`92 which indicated a positive net worth, led to the case being deregistered. MIL came out with a rights issue in Oct.`95 to implement its project involving capacity expansion from 5000 tpa to 6000 tpa. The company was awarded the certificate of merit by CAPEXIL for the year 1997-98 for outstanding export performance. The company had received orders from global electrical equipments manufacturers and it is planning to increase the exports in the countries like Mexico,China,Egypt.

Registered Address

Telheti Village Karoli, Tehsil Abu Road, Sirohi, Rajasthan, 302004

Tel : 02974-228044
Email : compliance:moderninsulators.com
Website : http://www.modern-group.com/insu.htm

Registrar

Beetal Fin.&Computer Ser.P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 515008
NSE Code : MODINSULAT
Book Closure Date (Month) : Sep
BSE Group : XT
ISIN : INE219W01012

ICICIdirect Modern Insulators Ltd FAQ

You can buy Modern Insulators Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Modern Insulators Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 03, 2023 04:01 PM the closing price of Modern Insulators Ltd was ₹ 49.40.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 03, 2023 04:01 PM, the market cap of Modern Insulators Ltd stood at ₹ 232.89.
The latest PE ratio of Modern Insulators Ltd as of Feb 03, 2023 04:01 PM is 16.35
The latest PB ratio of Modern Insulators Ltd as of Feb 03, 2023 04:01 PM is 1.57
The 52-week high of Modern Insulators Ltd is ₹ 65.60 while the 52-week low is ₹ 36.60

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