Modern Insulators Ltd
MODINSULATModern Insulators Ltd's price has outrun its earnings. +424.3% in a year against EPS +106.8% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +424.3% in a year while annual EPS moved +106.8% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (43 weeks in) while the P/E sits at the 98th percentile of its own 6-year range. Underneath, the last four quarters read improving — profit +166.7% year on year, and 64% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Modern Insulators Ltd trades at ₹493, in a confirmed uptrend and 43 weeks into that stage. That is +57.1% against its own 200-day average. It sits at 83% of a 52-week range of ₹106 to ₹572. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 53 straight weeks.
Today the stock is in a confirmed uptrend — week 43 of stage 2, confirmed. At ₹493 it trades +57.1% versus its 200-day average and sits at 83% of its 52-week range (₹106–₹572).
Against the market, two honest reads. Cumulative: over the last 6.1 years the stock moved +16,275% while the NIFTY 500 moved +161% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 53 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 98th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Modern Insulators Ltd trades at 29.1× P/E, about the priciest it has ever traded. Its long-run median P/E is 12.2×, measured across 6.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 29.1× is about the priciest it has ever traded, against a long-run median of 12.2× measured over 6.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +106.8% against a +424.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +56.9%/yr price move, ~+18.4%/yr came from earnings growth and ~+38.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Modern Insulators Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 19.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +43.1% | +18.7% | +12.6% | +4.6% |
| Profit | +105.1% | +41.9% | +18.7% | +10.7% |
| EPS | +106.8% | +41.9% | +18.5% | — |
| Share price | +424.3% | +108.9% | +56.9% | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
67.1/100 — rank 3 of 19 in Capital Goods - Electric General · 79% evidence confidence
Modern Insulators Ltd scores 67.1 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 3. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 28 + 18.1 + 7 + 14 = 67.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Modern Insulators Ltd reported ₹203 Cr of revenue in the Mar 26 quarter, +26.9% year on year. That is the 9th straight quarter of year-on-year growth. Over 10 years it has compounded at 4.6% a year. The last full year, FY26, came in at ₹720 Cr. The last four reported quarters add to ₹719 Cr.
Modern Insulators Ltd reported ₹203 Cr of revenue in the Mar 26 quarter, +26.9% year on year. That is the 9th straight quarter of year-on-year growth. Over 10 years it has compounded at 4.6% a year. The last full year, FY26, came in at ₹720 Cr. The last four reported quarters add to ₹719 Cr.
FY26 revenue came in at ₹720 Cr (+43.1% on the year), capping 10 years at 4.6% compound. The latest quarter (Mar 26) printed ₹203 Cr, +26.9% year on year — the 9th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +43.7% growth against the decade's 4.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +42.7% over the last 4 quarters against +27.4%/yr over the last 8 — accelerating; TTM profit +105.1% vs +49.1%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (+5.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Modern Insulators Ltd's operating margin is 16.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 5.0% to 13.0%. The current quarter is running above every full year in that window.
Modern Insulators Ltd's operating margin is 16.0% in the Mar 26 quarter, +5.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 5.0% to 13.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 16.0%, +5.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–13.0%, and FY26's 13.0% is the top of that band — a record year.
Why the margin moved: operating margin went +4.4 pp year on year while gross margin went +1.7 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +166.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Modern Insulators Ltd earned ₹24.0 Cr of net profit in the Mar 26 quarter, +166.7% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹80.0 Cr. The 10-year compound rate is 10.7%. That is 11.8% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.
Modern Insulators Ltd earned ₹24.0 Cr of net profit in the Mar 26 quarter, +166.7% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹80.0 Cr. The 10-year compound rate is 10.7%. That is 11.8% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr.
Mar 26 profit was ₹24.0 Cr, +166.7% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹80.0 Cr (+105.1%), and the 10-year compound rate is 10.7%.
Why profit moved: revenue contributed +26.9% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +112.9% vs revenue +43.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 64% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 64% of Modern Insulators Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹47.0 Cr of operating cash against ₹80.0 Cr of profit. After ₹16.0 Cr of capital spending, ₹31.0 Cr was left as free cash.
FY26: operating cash of ₹47.0 Cr against reported profit of ₹80.0 Cr, leaving free cash of ₹31.0 Cr after ₹16.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 64% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 64%: the cash cycle tightened 39 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 266-day cycle and ₹35.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Modern Insulators Ltd's cash conversion cycle runs 266 days in FY26, down from 305 days in FY21. Capital spending ran ₹35.0 Cr over the last 3 years. At FY26 sales of ₹720 Cr each day of that cycle holds about ₹2.0 Cr, so roughly ₹525 Cr sits inside the business at any moment.
FY26: debtors at 77 days, inventory at 291 days — roughly 9.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 266 days, tighter than FY21's 305.
The full loop: cash goes out to suppliers and production on day 0; stock waits 291 days to sell; customers pay about 77 days after that; and suppliers themselves are paid at 102 days — netting out to the 266-day cycle.
In money terms: at FY26 sales of ₹720 Cr, each day of the cycle holds about ₹2.0 Cr — so the 266-day loop keeps roughly ₹525 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹35.0 Cr over the last 3 fiscal years against ₹28.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 19%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Modern Insulators Ltd earns a ROCE of 19% in FY26. That is up from a trough of 6% in FY22. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 11.1% net margin on 0.94× asset turns.
FY26 ROCE is 19%, recovered from a FY22 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 11.1% net margin × 0.94× asset turns × 1.40× balance-sheet leverage ≈ 14.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.13.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Modern Insulators Ltd carries ₹68.0 Cr of borrowings against ₹543 Cr of equity in FY26, a debt-to-equity of 0.13. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹24.0 Cr to ₹68.0 Cr. Capital spending ran ₹35.0 Cr across the last 3 of those years.
FY26: borrowings of ₹68.0 Cr against equity of ₹543 Cr — a debt-to-equity of 0.13. Operating profit covers the interest bill 16×. Over 5 years borrowings went from ₹24.0 Cr to ₹68.0 Cr while capital spending ran ₹35.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Modern Insulators Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.1 points over the same window, to 0.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −0.3 points over 8 quarters to 1.1%; Foreign institutions: +0.1 points over 8 quarters to 0.4%; Promoters: +0.0 points over 8 quarters to 60.2%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Modern Insulators Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Modern Insulators Ltd this page | 29.1× | ₹2,324 Cr | Consistent | |||
| Siemens Ltd | 46.8× | ₹1.3L Cr | Mixed | |||
| V-Guard Industries Ltd | 39.5× | ₹12,705 Cr | Turning around | |||
| Spectrum Electrical Industries Ltd | 80.7× | ₹3,585 Cr | No read | |||
| Ravindra Energy Ltd | 42.2× | ₹3,404 Cr | No read | |||
| Insolation Energy Ltd | 13.9× | ₹2,783 Cr | Improving | |||
| Insolation Energy Ltd | 12.4× | ₹2,482 Cr | — | — | — | — |
| Rishabh Instruments Ltd | 29.5× | ₹2,406 Cr | Improving | |||
| Exicom Tele-Systems Ltd | — | ₹2,229 Cr | No read | |||
| Servotech Renewable Power System Ltd | 57.7× | ₹2,160 Cr | Mixed | |||
| HPL Electric & Power Ltd | 22.6× | ₹2,144 Cr | Mixed | |||
| Alpex Solar Ltd | 10.6× | ₹2,136 Cr | No read | |||
| Honda India Power Products Ltd | 29.5× | ₹2,118 Cr | Mixed | |||
| IKIO Technologies Ltd | 38.2× | ₹1,583 Cr | Turning around | |||
| Igarashi Motors India Ltd | 118.0× | ₹1,436 Cr | Mixed | |||
| Modern Insulators Ltd | 16.7× | ₹1,122 Cr | Improving | |||
| Modern Insulators Ltd | 17.5× | ₹1,122 Cr | Improving | |||
| Salzer Electronics Ltd | 19.2× | ₹1,018 Cr | Mixed | |||
| Swelect Energy Systems Ltd | 19.6× | ₹930 Cr | Turning around | |||
| Modison Ltd | 11.4× | ₹897 Cr | Improving | |||
| Kirloskar Electric Company Ltd | 95.1× | ₹829 Cr | Turning around | |||
| Focus Lighting & Fixtures Ltd | 96.1× | ₹487 Cr | Turning around |
Frequently asked questions
What is Modern Insulators Ltd's share price today?
Modern Insulators Ltd trades at ₹493, +424.3% over the past year. The company is valued at ₹2,324 Cr. The stock sits at 83% of its 52-week range of ₹106–₹572, +57.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 43 weeks in. — as of 24 July 2026.
What were Modern Insulators Ltd's latest quarterly results?
Modern Insulators Ltd reported revenue of ₹203 Cr and net profit of ₹24.0 Cr for the Mar 26 quarter. Revenue rose 26.9% and profit rose 166.7% year on year. Earnings per share were ₹5.06. The operating margin was 16.0%, 5.0 pp higher than a year earlier. — as of 24 July 2026.
What is Modern Insulators Ltd's revenue?
Modern Insulators Ltd reported revenue of ₹203 Cr in the Mar 26 quarter, +26.9% year on year. For the full FY26 fiscal year, revenue was ₹720 Cr (+43.1%). Over the last 10 years revenue compounded at 4.6% a year. — as of 24 July 2026.
What is Modern Insulators Ltd's profit?
Modern Insulators Ltd earned ₹24.0 Cr of net profit in the Mar 26 quarter, +166.7% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹80.0 Cr. The operating margin ran 16.0% in the latest quarter. — as of 24 July 2026.
What is Modern Insulators Ltd's market cap?
Modern Insulators Ltd's market capitalisation is ₹2,324 Cr at a share price of ₹493. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Modern Insulators Ltd's P/E ratio?
Modern Insulators Ltd trades at a P/E of 29.1×, at the 98th percentile of its own 6-year range, against a long-run median of 12.2×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Is Modern Insulators Ltd overvalued?
On its own history, Modern Insulators Ltd looks expensive against its own history: its P/E of 29.1× sits at the 98th percentile of its 6-year range (long-run median 12.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Modern Insulators Ltd growing?
Yes — Modern Insulators Ltd is growing: latest-quarter revenue +26.9% year on year, profit +166.7%, and the margin +5.0 pp at 16.0%. The 10-year compound rates are 4.6% (revenue) and 10.7% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Modern Insulators Ltd performing?
Modern Insulators Ltd is in a confirmed uptrend, 43 weeks in. Its latest quarter's revenue rose 26.9% and profit rose 166.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 53 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Modern Insulators Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 19.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +42.7% latest, profit growth +105.1% latest, eps growth +106.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Modern Insulators Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 43 of stage 2), trading +57.1% versus its 200-day average and at 83% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Modern Insulators Ltd beating the market?
On recent form, yes — Modern Insulators Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 53 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 6.1 years the stock moved +16,275% against the NIFTY 500's +161% — ahead of the index over the full window. — as of 24 July 2026.
Will Modern Insulators Ltd's share price go up?
This page publishes no price forecast for Modern Insulators Ltd. What it measures instead: the share price is ₹493, the price is in a confirmed uptrend 43 weeks in. Its P/E of 29.1× sits at the 98th percentile of its own 6-year range. — as of 24 July 2026.
Who owns Modern Insulators Ltd?
Promoters hold 60.2% of Modern Insulators Ltd, foreign institutions 0.4%, domestic institutions 1.1% and the public 38.3% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Modern Insulators Ltd have too much debt?
No — Modern Insulators Ltd's debt-to-equity is 0.13, and operating profit covers the interest bill 16×. FY26 borrowings were ₹68.0 Cr against equity of ₹543 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Modern Insulators Ltd's capex?
Modern Insulators Ltd spent ₹35.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹16.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Modern Insulators Ltd's cash flow?
Modern Insulators Ltd generated ₹47.0 Cr of operating cash flow in FY26 and ₹31.0 Cr of free cash flow after ₹16.0 Cr of capital spending. Reported profit that year was ₹80.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Modern Insulators Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 64% of Modern Insulators Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹47.0 Cr against reported profit of ₹80.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Modern Insulators Ltd in its business cycle?
Modern Insulators Ltd's FY26 operating margin was 13.0%, against a 13-year band of 5.0%–13.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Modern Insulators Ltd story?
The sharpest disagreement: the price moved +424.3% in a year while annual EPS moved +106.8% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Modern Insulators Ltd a stock worth studying right now?
This is not investment advice. The machine read: Modern Insulators Ltd's price has outrun its earnings. +424.3% in a year against EPS +106.8% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.