Modern Malleables Ltd
MODERNMALModern Malleables Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: profits are rising, but only 5% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (50 weeks in) while the P/E sits at the 39th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +206.1% year on year, and 5% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
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 Malleables Ltd trades at ₹35.7, in a confirmed uptrend and 50 weeks into that stage. That is −2.4% against its own 200-day average. It sits at 43% of a 52-week range of ₹3 to ₹80. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (12 weeks and counting).
Today the stock is in a confirmed uptrend — week 50 of stage 2, confirmed. At ₹35.7 it trades −2.4% versus its 200-day average and sits at 43% of its 52-week range (₹3–₹80).
Against the market, two honest reads. Cumulative: over the last 1.1 years the stock moved +2,064% while the NIFTY 500 moved +0% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (12 weeks and counting; last ahead the week of 2026-07-01) — 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.
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 Malleables Ltd trades at 17.1× P/E, mid-range by its own standards (39th percentile). Its long-run median P/E is 21.9×, measured across 1.1 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 17.1× is mid-range by its own standards (39th percentile), against a long-run median of 21.9× measured over 1.1 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 +72.9% against a +1,394.1% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Modern Malleables Ltd was paying for profit growth of about 25.1% a year. Today the market pays 17.1× P/E, the 39th percentile of its own 1-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is the whole of what a buyer is backing.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 18 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed 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 Malleables Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +332.5% at its peak to +129.5% but is still expanding, ROCE lifting at 15.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
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 | +190.4% | +42.7% | +31.8% | +11.9% |
| Profit | +72.7% | +28.3% | +36.6% | +34.2% |
| EPS | +72.9% | +28.1% | +40.8% | +37.2% |
| Share price | +1,394.1% | — | — | — |
4-Factor Sector Score
71.1/100 — rank 1 of 2 in Transmission Line Towers/Equipment · 57% evidence confidence
Modern Malleables Ltd scores 71.1 out of 100 against the 2 companies it is compared with in Transmission Line Towers/Equipment, ranking 1. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 33.4 + 15.2 + 10 + 12.5 = 71.1. 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 Malleables Ltd reported ₹55.2 Cr of revenue in the Jun 26 quarter, +98.5% year on year. That is the 7th straight quarter of year-on-year growth. Over 13 years it has compounded at 6.2% a year. The last full year, FY26, came in at ₹151 Cr. The last four reported quarters add to ₹178 Cr.
FY26 revenue came in at ₹151 Cr (+190.4% on the year), capping 13 years at 6.2% compound. The latest quarter (Jun 26) printed ₹55.2 Cr, +98.5% year on year — the 7th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +151.1% growth against the decade's 6.2% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +129.5% over the last 4 quarters against +93.6%/yr over the last 8 — accelerating; TTM profit +88.4% vs +44.2%/yr — accelerating.
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 Malleables Ltd's operating margin is 19.4% in the Jun 26 quarter, +6.5 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −19.0% to 41.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 19.4%, +6.5 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −19.0%–41.0%.
Why the margin moved: operating margin went +6.5 pp year on year while gross margin went +0.9 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Modern Malleables Ltd earned ₹7.5 Cr of net profit in the Jun 26 quarter, +206.1% year on year. Full-year FY26 profit was ₹19.0 Cr. That is 13.6% of the quarter's revenue. The same quarter a year earlier earned ₹2.5 Cr. 2 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹7.5 Cr, +206.1% year on year. On the full year, FY26 printed ₹19.0 Cr (+72.7%).
Why profit moved: revenue contributed +98.5% and the margin +6.5 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +513.1% vs revenue +151.1%. 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.
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 5% of Modern Malleables Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹7.0 Cr of operating cash against ₹19.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹6.0 Cr was left as free cash.
FY26: operating cash of ₹7.0 Cr against reported profit of ₹19.0 Cr, leaving free cash of ₹6.0 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 5% 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 5%: the cash cycle stretched 187 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 187 days — the next section's job is to find where the cash is stuck.
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 Malleables Ltd's cash conversion cycle runs 128 days in FY26, up from −59 days in FY21. Capital spending ran ₹3.0 Cr over the last 3 years. At FY26 sales of ₹151 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹53.0 Cr sits inside the business at any moment.
FY26: debtors at 93 days, inventory at 131 days — roughly 4.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 128 days, looser than FY21's −59.
The full loop: cash goes out to suppliers and production on day 0; stock waits 131 days to sell; customers pay about 93 days after that; and suppliers themselves are paid at 97 days — netting out to the 128-day cycle.
In money terms: at FY26 sales of ₹151 Cr, each day of the cycle holds about ₹0.4 Cr — so the 128-day loop keeps roughly ₹53.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹3.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
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 Malleables Ltd earns a ROCE of 15% in FY26. That is up from a trough of −68% in FY10. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 12.6% net margin on 0.67× asset turns.
FY26 ROCE is 15%, recovered from a FY10 trough of −68% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 12.6% net margin × 0.67× asset turns × 1.26× balance-sheet leverage ≈ 10.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
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 Malleables Ltd carries ₹12.0 Cr of borrowings against ₹178 Cr of equity in FY26, a debt-to-equity of 0.07. Operating profit covers the interest bill 27×. Over 5 years borrowings went from ₹1.0 Cr to ₹12.0 Cr. Capital spending ran ₹3.0 Cr across the last 3 of those years.
FY26: borrowings of ₹12.0 Cr against equity of ₹178 Cr — a debt-to-equity of 0.07. Operating profit covers the interest bill 27×. Over 5 years borrowings went from ₹1.0 Cr to ₹12.0 Cr while capital spending ran ₹3.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
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 Malleables Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 59.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 59.4%; Domestic institutions: +0.0 points over 8 quarters to 0.2%.
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 Malleables 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 | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Modern Malleables Ltdthis pageMODERNMAL | 71.1/100Thin evidence · provisional57% evidence | ASLEEP | 33.4/35 Revenue 100% · PAT 93.1% · OPM change 6.5 pp 95% evidence | 15.2/25 ROCE 15% · OPM 19.4% 76% evidence | 10.0/20 P/E 17.1× · PEG — 0% evidence | 12.5/20 RS sector — · RS bench 23.6% · 1Y 1538.1%4 of 12 weeks ahead 25% evidence |
| Exact sum: 33.4 + 15.2 + 10 + 12.5 = 71.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2Vikran Engineering LtdVIKRAN | 43.9/100Mixed-negative evidence62% evidence | ASLEEP | 14.1/35 Revenue 31.2% · PAT 13.2% · OPM change -6.3 pp 95% evidence | 12.3/25 ROCE 16.8% · OPM 8% 95% evidence | 10.0/20 P/E 16× · PEG — 0% evidence | 7.5/20 RS sector — · RS bench -27.5% · 1Y -47%0 of 10 weeks ahead 25% evidence |
| Exact sum: 14.1 + 12.3 + 10 + 7.5 = 43.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Modern Malleables Ltd's share price today?
Modern Malleables Ltd trades at ₹35.7, +1,394.1% over the past year. The company is valued at ₹416 Cr. The stock sits at 43% of its 52-week range of ₹3–₹80, −2.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 50 weeks in. — as of 18 September 2026.
What were Modern Malleables Ltd's latest quarterly results?
Modern Malleables Ltd reported revenue of ₹55.2 Cr and net profit of ₹7.5 Cr for the Jun 26 quarter. Revenue rose 98.5% and profit rose 206.1% year on year. Earnings per share were ₹0.64. The operating margin was 19.4%, 6.5 pp higher than a year earlier. — as of 18 September 2026.
What is Modern Malleables Ltd's revenue?
Modern Malleables Ltd reported revenue of ₹55.2 Cr in the Jun 26 quarter, +98.5% year on year. For the full FY26 fiscal year, revenue was ₹151 Cr (+190.4%). Over the last 13 years revenue compounded at 6.2% a year. — as of 18 September 2026.
What is Modern Malleables Ltd's profit?
Modern Malleables Ltd earned ₹7.5 Cr of net profit in the Jun 26 quarter, +206.1% year on year. Full-year FY26 profit was ₹19.0 Cr. The operating margin ran 19.4% in the latest quarter. — as of 18 September 2026.
What is Modern Malleables Ltd's market cap?
Modern Malleables Ltd's market capitalisation is ₹416 Cr at a share price of ₹35.7. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 18 September 2026.
What is Modern Malleables Ltd's P/E ratio?
Modern Malleables Ltd trades at a P/E of 17.1×, at the 39th percentile of its own 1-year range, against a long-run median of 21.9×. This is a comparison with the stock's own history, not a value call — as of 18 September 2026.
Does Modern Malleables Ltd pay a dividend?
No — Modern Malleables Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 18 September 2026.
Is Modern Malleables Ltd overvalued?
On its own history, Modern Malleables Ltd looks mid-range: its P/E of 17.1× sits at the 39th percentile of its 1-year range (long-run median 21.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 18 September 2026.
Is Modern Malleables Ltd growing?
Yes — Modern Malleables Ltd is growing: latest-quarter revenue +98.5% year on year, profit +206.1%, and the margin +6.5 pp at 19.4%. The earnings engine currently reads: improving — as of 18 September 2026.
How is Modern Malleables Ltd performing?
Modern Malleables Ltd is in a confirmed uptrend, 50 weeks in. Its latest quarter's revenue rose 98.5% and profit rose 206.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 12 weeks. This describes what the data did, not a rating. — as of 18 September 2026.
What stage is Modern Malleables Ltd in?
Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +332.5% at its peak to +129.5% but is still expanding, ROCE lifting at 15.0%. The read comes from the last 12 quarters of growth (revenue growth +129.5% latest, profit growth +88.4% latest, eps growth +88.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 18 September 2026.
Is Modern Malleables Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 50 of stage 2), trading −2.4% versus its 200-day average and at 43% 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 18 September 2026.
Is Modern Malleables Ltd beating the market?
Not lately — on a trailing-13-week view Modern Malleables Ltd is currently behind the NIFTY 500 (12 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.1 years the stock moved +2,064% against the NIFTY 500's +0% — ahead of the index over the full window. — as of 18 September 2026.
Will Modern Malleables Ltd's share price go up?
This page publishes no price forecast for Modern Malleables Ltd. What it measures instead: the share price is ₹35.7, the price is in a confirmed uptrend 50 weeks in. Its P/E of 17.1× sits at the 39th percentile of its own 1-year range. — as of 18 September 2026.
Who owns Modern Malleables Ltd?
Promoters hold 59.4% of Modern Malleables Ltd, foreign institutions 0.1%, domestic institutions 0.2% and the public 40.4% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 18 September 2026.
Does Modern Malleables Ltd have too much debt?
No — Modern Malleables Ltd's debt-to-equity is 0.07, and operating profit covers the interest bill 27×. FY26 borrowings were ₹12.0 Cr against equity of ₹178 Cr. The returns on this page are earned, not borrowed — as of 18 September 2026.
What is Modern Malleables Ltd's capex?
Modern Malleables Ltd spent ₹3.0 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 ₹1.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 18 September 2026.
What is Modern Malleables Ltd's cash flow?
Modern Malleables Ltd generated ₹7.0 Cr of operating cash flow in FY26 and ₹6.0 Cr of free cash flow after ₹1.0 Cr of capital spending. Reported profit that year was ₹19.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 18 September 2026.
Is Modern Malleables Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 5% of Modern Malleables Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹7.0 Cr against reported profit of ₹19.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 18 September 2026.
Where is Modern Malleables Ltd in its business cycle?
Modern Malleables Ltd's FY26 operating margin was 18.0%, against a 13-year band of −19.0%–41.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 19.4%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 18 September 2026.
What growth does Modern Malleables Ltd's price assume?
At its price on 13 June 2026, Modern Malleables Ltd was priced for profit growth of about 25.1% a year. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 18 September 2026.
What could break the Modern Malleables Ltd story?
The sharpest disagreement: profits are rising, but only 5% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. 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 18 September 2026.
Is Modern Malleables Ltd a stock worth studying right now?
This is not investment advice. The machine read: Modern Malleables Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 18 September 2026.
Not SEBI Registered !! Not Investment advice !!