Modern Insulators share price
BSE: 515008Electrical EquipmentSmall Cap
Last close ₹426.15down ₹22.40 (4.99%)
Share price at the BSE close on 23 Oct 2026. Previous close ₹448.55.
52-week range of traded prices to 23 Oct 2026
₹136.80Low, 31 Oct 2025₹579.00High, 25 Jun 2026
- Under BSE's long-term additional surveillance, stage IV, on the list for 22 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,009 Cr1,301st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 21.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 3.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 18.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 17.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.13
- Volume, BSEVolume. Shares traded on the last trading day.
- 35,832
Results
Standalone, as consolidated accounts are on record for only 7 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 10 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹187 Crdown 7.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹29 Crup 17.79%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 15.5%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹409 Cr, differs from its quarters added, ₹491 Cr. From the year to Mar 2026, part of the business was demerged on 31 Oct 2025, and figures before the change include the part that left.
| ₹ crore | Sep 2024Filed 16 Jan | Dec 2024Filed 14 Feb | Mar 2025Filed 16 Jun | Jun 2025Filed 16 Aug | Sep 2025Filed 10 Nov | Dec 2025Filed 10 Feb | Mar 2026Filed 29 May | Jun 2026Filed 10 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 125 | 160 | 141 | 177 | 199 | 202 | 187 |
| Net profit | 13 | 9 | 9 | 16 | 18 | 25 | 25 | 29 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 11.4% | 7.4% | 5.7% | 11.4% | 9.9% | 12.4% | 12.2% | 15.5% |
Standalone. The last eight quarters. The latest is shaded.
The quarters either side of a change of basis do not compare. From the quarter to Dec 2025, part of the business was demerged on 31 Oct 2025, and figures before the change include the part that left.
Business segments
Share of revenue, year to Mar 2026, consolidated. The demerger of 31 Oct 2025 fell inside the year to Mar 2026.Segment revenue and profit
- InsulatorsInsulators, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹670 Crup 50.07%92.8%
- Terry TowelsTerry Towels, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹49 Crdown 13.37%6.8%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2 Cr0.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 90% of 1,216 trading days over the last 5 years.
LowestHighest
Its median14.7Industry median23.3
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 92% of 1,216 trading days over the last 5 years.
LowestHighest
Its median1.1Industry median3.1
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.18.1
At or below today's level on 72% of 1,216 trading days over the last 5 years.
LowestHighest
Its median15.3Industry median15.9
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | With the demerger reinvestedReturn with the demerger reinvested. The yearly price growth with the price before the demerger multiplied by the demerger's price factor (its opening price on the ex-date over the close before it), plus the average dividend yield: the return of a holder who put the value of the shares of the company that was split off back into this share on the ex-date. | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|---|
| 1 year | +122.6% | +144.5% | +111.4% | +5.3% | 0.0% |
| 3 years | +73.7% | +79.2% | +43.1% | +21.4% | 0.0% |
| 5 years | +37.0% | +39.6% | +18.6% | +15.6% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.
Peers and competitors
Other Electrical Equipment, 84 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Modern Insulators in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Websol Energy SystemWEBELSOLAR | 2,625 | 8.4 | 4.2 | 5.9 | +76.3% | +57.6% | 69.0% | 50.5% | 0.41% |
 Ravindra EnergyRELTD | 2,583 | – | – | – | +30.0% | – | – | 11.5% | 0.00% |
 Rishabh InstrumentsRISHABH | 2,482 | 30.7 | 3.3 | 17.9 | +5.6% | +109.0% | 11.9% | 11.4% | 0.31% |
 Oriana PowerORIANA | 2,412 | 9.6 | 3.2 | – | +83.7% | +58.5% | 39.5% | – | 0.00% |
 Schneider Electric President SystemsSELECTRIC | 1,833 | – | – | – | – | – | – | – | 0.00% |
 Advait Energy TransitionsADVAIT | 1,731 | – | 6.2 | 17.9 | +69.4% | – | – | 24.0% | 0.13% |
 Alpex SolarALPEXSOLAR | 1,723 | 8.6 | 3.1 | 6.3 | – | – | 51.4% | 28.3% | 0.00% |
 HINDUSTHAN INSULATORS and INDUSTRIESHIIL | 1,473 | 11.5 | 2.9 | 9.2 | +71.8% | – | 28.3% | 24.6% | 0.02% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Aug 2026
20 Aug · Rating
10 Aug · Result For The Quarter Ended June 30, 2026
Modern Insulators share price by year
Each calendar year to 2025.Modern Insulators share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025Demerger | 217.40 | +51.0% | 217.40 | 92.28 |
| 2024 | 143.95 | +37.2% | 168.05 | 81.51 |
| 2023 | 104.92 | +157.5% | 111.52 | 39.55 |
| 2022 | 40.75 | −34.0% | 70.65 | 38.15 |
| 2021 | 61.75 | +41.6% | 78.75 | 38.50 |
| 2020 | 43.60 | – | 43.60 | 3.01 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2020 is from its first session, 1 Jul 2020. With the demerger of 31 Oct 2025 reinvested, the change in 2025 is +65.9%.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 23 Oct 2026 | 447.45 | 447.45 | 426.15 | 426.15 | 428.83 | 35,832 |
| 22 Oct 2026 | 427.15 | 467.80 | 423.50 | 448.55 | 449.84 | 27,483 |
| 21 Oct 2026 | 462.80 | 462.80 | 445.55 | 445.55 | 447.05 | 28,351 |
| 19 Oct 2026 | 482.90 | 484.40 | 464.00 | 469.00 | 471.73 | 33,550 |
| 16 Oct 2026 | 467.10 | 500.00 | 460.70 | 487.55 | 467.10 | 58,242 |
| 15 Oct 2026 | 495.60 | 510.00 | 484.90 | 484.90 | 489.91 | 48,546 |
| 14 Oct 2026 | 519.90 | 524.00 | 507.70 | 510.40 | 516.69 | 34,517 |
| 13 Oct 2026 | 515.00 | 523.00 | 502.30 | 514.05 | 512.45 | 30,594 |
| 12 Oct 2026 | 558.20 | 564.00 | 514.10 | 524.50 | 532.43 | 56,017 |
| 9 Oct 2026 | 529.95 | 540.25 | 520.00 | 540.25 | 536.27 | 1,14,415 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Demerger history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 31 Oct 2025 | Demerger | 0.9105 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- Legal name
- Modern Insulators Ltd.
- BSE code
- 515008
- ISIN
- INE219W01012
- Industry
- Electrical Equipment
- Listed
- Dec 1985
- Face value
- ₹10
- CIN
- L31300RJ1982PLC002460
- Corporate identity number, the registrar of companies' code for it