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Modern Insulators (BSE 515008)₹467.55+1.08%Other Electrical Equipment
In the Jun 2026 quarter (consolidated), Modern Insulators reported sales of ₹188 Cr, up 33.4% from Jun 2025, and net profit of ₹30.10 Cr, up 100.0% year on year. For the year to Mar 2026, sales were ₹720 Cr and net profit ₹80.32 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 106 | 107 | 140 | 104 | 115 | 125 | 160 | 141 | 176 | 199 | 203 | 188 |
| Expenses | 101 | 97.13 | 125 | 99.07 | 110 | 115 | 142 | 128 | 158 | 168 | 171 | 157 |
| Operating Profit | 4.99 | 10.98 | 14.97 | 4.99 | 4.99 | 9.98 | 17.94 | 12.97 | 18.96 | 31.92 | 30.92 | 31.91 |
| OPM % | 5.0% | 10.0% | 11.0% | 5.0% | 4.3% | 8.0% | 11.0% | 9.0% | 11.0% | 16.0% | 16.0% | 17.0% |
| Other Income | 3.01 | 3.01 | 3.01 | 6.02 | 10.02 | 5.02 | −1.01 | 5.01 | 7.01 | 4.01 | 6.01 | 9.02 |
| Interest | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 1.01 | 2.01 | 1.01 |
| Depreciation | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 1.99 |
| Profit before tax | 6.01 | 10.02 | 15.02 | 8.01 | 12.01 | 12.03 | 13.02 | 14.01 | 22.03 | 32.05 | 33.05 | 37.03 |
| Tax % | −7.0% | 2.0% | −5.0% | 1.0% | −6.0% | 21.0% | 34.0% | −6.0% | 23.0% | 24.0% | 28.0% | 21.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 1.01 | 5.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 6.02 | 10.04 | 16.06 | 8.02 | 13.05 | 9.02 | 9.03 | 15.05 | 17.05 | 24.09 | 24.10 | 30.10 |
| EPS (Rs) | 1.30 | 2.12 | 3.40 | 1.59 | 2.76 | 1.96 | 1.84 | 3.22 | 3.51 | 5.11 | 5.05 | 6.27 |
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 417 | 461 | 440 | 398 | 442 | 431 | 443 | 503 | 720 | 765 |
| Expenses | 381 | 420 | 405 | 360 | 419 | 408 | 409 | 467 | 626 | 655 |
| Operating Profit | 36.92 | 41.93 | 35.91 | 39.91 | 22.95 | 22.94 | 34.94 | 36.89 | 94.75 | 114 |
| OPM % | 9.0% | 9.0% | 8.0% | 10.0% | 5.0% | 5.0% | 8.0% | 7.0% | 13.0% | 14.9% |
| Other Income | 5.01 | 11.03 | 6.02 | 15.04 | 12.03 | 15.05 | 12.02 | 20.06 | 22.05 | 26.05 |
| Interest | 19.04 | 13.03 | 13.02 | 9.02 | 5.01 | 4.01 | 3.01 | 4.01 | 6.01 | 6.04 |
| Depreciation | 8.97 | 7.97 | 9.96 | 10.97 | 8.98 | 8.97 | 8.96 | 8.96 | 9.97 | 8.96 |
| Profit before tax | 14.02 | 32.03 | 19.02 | 34.06 | 21.03 | 26.02 | 35.05 | 45.08 | 101 | 124 |
| Tax % | −19.0% | 8.0% | −20.0% | 1.0% | −7.0% | −9.0% | −4.0% | 14.0% | 21.0% | — |
| Exceptional items | 0.00 | 4.02 | −5.02 | 5.02 | 3.01 | 0.00 | 0.00 | 6.02 | 0.00 | 0.00 |
| Net Profit | 17.05 | 29.12 | 22.09 | 34.13 | 22.08 | 28.11 | 36.12 | 39.14 | 80.32 | 95.34 |
| EPS (Rs) | — | — | 4.76 | 7.24 | 4.66 | 5.92 | 7.64 | 8.18 | 16.93 | 19.94 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22.00 | 21.96 | 46.95 | 47.01 | 46.94 | 46.96 | 47.03 | 46.99 | 46.95 |
| Reserves | 214 | 243 | 258 | 291 | 313 | 342 | 379 | 416 | 496 |
| Borrowings | 61.20 | 59.12 | 101 | 24.07 | 26.07 | 8.03 | 19.06 | 25.07 | 68.15 |
| Other Liabilities | 84.41 | 78.37 | 125 | 129 | 120 | 108 | 111 | 116 | 151 |
| Total Liabilities | 381 | 403 | 531 | 492 | 507 | 505 | 555 | 605 | 763 |
| Fixed Assets | 138 | 135 | 192 | 182 | 175 | 168 | 163 | 172 | 178 |
| CWIP | 2.01 | 2.01 | 0.00 | 0.00 | 0.00 | 4.01 | 2.01 | 1.01 | 1.01 |
| Investments | 17.02 | 20.01 | 2.01 | 9.02 | 10.01 | 5.01 | 19.01 | 46.04 | 114 |
| Other Assets | 224 | 245 | 337 | 300 | 320 | 326 | 371 | 385 | 470 |
| Inventories | 92.21 | 76.23 | 130 | 117 | 123 | 117 | 106 | 125 | 160 |
| Trade receivables | 64.04 | 77.08 | 85.05 | 94.12 | 100 | 105 | 113 | 122 | 153 |
| Cash & equivalents | 4.01 | 5.02 | 3.01 | 6.02 | 8.03 | 6.02 | 8.03 | 7.02 | 17.05 |
| Total Assets | 381 | 403 | 531 | 492 | 507 | 505 | 555 | 605 | 763 |
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −2.01 | 9.03 | 27.09 | 53.15 | 14.04 | 23.08 | 12.03 | 40.11 | 47.13 |
| Cash from investing activity | −13.01 | −8.01 | −34.02 | 35.03 | −8.01 | −4.01 | −16.02 | −41.04 | −83.10 |
| Cash from financing activity | 12.01 | −1.01 | −7.01 | −86.98 | −3.01 | −21.99 | 7.99 | 2.01 | 36.99 |
| Net cash flow | −3.01 | 0.00 | −14.03 | 1.01 | 3.01 | −3.01 | 3.01 | 0.00 | 1.01 |
| Capex | 16.04 | 5.01 | 12.03 | 1.01 | 2.01 | 6.01 | 6.01 | 19.05 | 21.05 |
| Free cash flow | −17.95 | 3.99 | 15.93 | 56.79 | 14.93 | 17.92 | 6.97 | 21.92 | 31.90 |
| CFO / OP % | −5.0% | 22.0% | 77.0% | 133.0% | 61.0% | 98.0% | 33.0% | 120.0% | 74.0% |
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 56 | 61 | 70 | 86 | 83 | 89 | 93 | 88 | 77 |
| Inventory days | 214 | 156 | 415 | 345 | 332 | 306 | 271 | 325 | 291 |
| Days payable | 66 | 54 | 147 | 126 | 108 | 83 | 85 | 99 | 102 |
| Cash conversion cycle | 204 | 163 | 338 | 305 | 307 | 312 | 279 | 314 | 266 |
| Working capital days | 51 | 51 | 80 | 123 | 125 | 154 | 166 | 147 | 177 |
| ROCE % | 12.0% | 13.0% | — | 10.0% | 6.0% | 7.0% | 9.0% | 9.0% | 19.0% |
For the Jun 2026 quarter, Modern Insulators reported sales of ₹188 Cr, up 33.4% year on year and net profit of ₹30.10 Cr, up 100.0% year on year. The operating margin was 17.0%.
Modern Insulators' sales for the year to Mar 2026 were ₹720 Cr; over the last twelve months they were ₹765 Cr.
Net profit for the year to Mar 2026 was ₹80.32 Cr, and ₹95.34 Cr over the last twelve months. Earnings per share over the same trailing period were ₹19.94.
Modern Insulators reported borrowings of ₹68.15 Cr at Mar 2026, against cash and equivalents of ₹17.05 Cr.
Cash from operations was ₹47.13 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹31.90 Cr.