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Modern Insulators (BSE: MODINSU) had a P/E of 22.9× on 6 Nov 2026, below the industry P/E of 63.0×, and the shares are 21% below their 52-week high. Sales and net profit grew 18% and 42% a year over 3 years, with ROCE of 17% and ROE of 16%. Debt is 0.13× equity. It is a small-cap company with a market cap of ₹2,155 Cr, ranked 7th of 20 Electronic Components companies by market cap; the shares rose 213% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹470.00
Day high
₹475.05
Day low
₹452.00
Prev. close
₹468.05
Volume
30.7K

Health check

4 good · 2 fair
  • ReturnsAhead

    +213.5% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/E 22.9 vs industry 63.0.

  • GrowthSteady

    Sales +18.5%, profit +41.8% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.7% vs peer median 13.3%.

  • Balance sheetSolid

    Debt 0.13× equity, interest covered 25.2×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electronic Components

19 listed peers. Screen the industry

Small cap

₹2,155 Cr, #7 of 20 in its industry by size.

Defensive

Beta 0.74 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹767 Cr · profit ₹94 Cr
Market cap
₹2,155 Cr
Small cap
P/E
22.9
Industry 63.0
Price to book
3.97
Peers 6.25
Dividend yield
0.00%
ROE
15.9%
Peers 9.6%
ROCE
16.7%
Peers 13.3%
Debt to equity
0.13
Debt ₹68 Cr
EPS (TTM)
₹19.98
OPM (TTM)
14.8%
Net margin 12.3%
Sales growth
+33.2%
Latest quarter vs a year ago
Profit growth
+94.4%
Latest quarter vs a year ago
Price to sales
2.81
EV/EBITDA 18.4

Strengths and risks

Strengths

  • Quarterly profit up 94.4% on a year ago.
  • Quarterly sales up 33.2% on a year ago.
  • P/E of 22.9 against an industry P/E of 63.0.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Modern Insulators

Modern Insulators Limited manufactures and sells porcelain insulators in India and internationally. It operates through two segments: Insulators and Terry Towels. The company offers hollow porcelain insulators that are used in current transformers, voltage transformers, capacitive voltage transformers, SF6 and non-SF6 circuit breakers, surge arresters, power transformer bushings, and wall through bushings; and solid core post insulators that are used in…

Headquarters
Mumbai
Employees
1,540
Sector
Technology
ISIN
INE219W01012
Website
moderninsulators.com

Price range

52 weeks

₹142.15₹579.00

Today

₹452.00₹475.05
Avg volume (3M)
48.3K
1-year return
plus 213.5%
From 52-week high
minus 21.1%

Peers · Electronic Components

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
SYRMASyrma SGS Technology1,459.30minus 3.68%28,11066.747.614.7%10.9%0.2432.8%plus 93.2%
KAYNESKaynes Technology India3,233.00minus 1.81%21,73363.037.512.0%15.6%0.1947.7%minus 50.6%
PGELPG Electroplast546.15minus 0.55%15,66172.537.08.7%7.3%0.2533.8%minus 3.4%
AVALONAvalon Technologies1,893.60minus 9.83%12,66895.072.821.7%11.4%0.3019.3%plus 82.6%
KRNKRN Heat Exchanger and Refrigeration939.80minus 4.99%6,15251.9––13.0%0.16–plus 24.9%
CENTUMCentum Electronics4,069.20minus 0.88%6,007374.441.537.9%10.5%0.382.4%plus 67.0%
MODINSUModern Insulators457.10minus 2.34%2,15522.920.216.7%14.8%0.1318.5%plus 213.5%
IKIOIKIO Technologies196.69plus 13.11%1,52031.919.48.9%13.7%0.1118.4%minus 16.5%
Median of 7 peers–−1.81%12,66866.739.513.3%11.4%0.2426.0%24.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
141176199203188
128158168171156
12.918.831.631.531.8
9.1%10.6%15.8%15.5%16.9%
5.373.95.79.4
1.41.71.31.61.3
2.42.42.42.62.4
14.421.631.83337.5
−5.6%23.3%24.0%27.8%21.0%
15.216.624.123.829.6
3.233.525.125.066.28

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+18.5%
Profit CAGR 3Y
+41.8%
EPS CAGR 3Y
+41.8%
ROE
15.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
424437494706
–+3.0%+13.1%+42.8%
399402456602
25.735.238.4104
6.0%8.1%7.8%14.7%
13.79.39.819.6
3.22.12.84.2
8.78.68.79.8
−1.70.98.1−8.6
25.734.744.8101
−8.8%−4.0%13.9%20.9%
27.93638.679.8
–+29.0%+7.0%+106.8%
5.937.658.1816.92

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
47.147.147.147.1
342378416496
819.125.268.2
107110115150
504554604762
173169173180
4.56.41.82.2
0000
723.547120
320355382460
504554604762

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2311.739.746.7
−3.8−16−41.2−83.1
−227.71.837.1
−2.73.40.30.6
−6−6.1−18.7−20.5
175.72126.2

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you