Modern Insulators Ltd (MODINSULAT) — shareholding pattern, promoter holding, financials and share price
About Modern Insulators Ltd (MODINSULAT)
Modern Insulators Ltd operates in the Other Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as MODINSULAT and on the BSE under scrip code 515008. Its ISIN is INE219W01012.
Modern Insulators is an arm of the Modern group of Industries and was set up in 1985 in collaboration with Siemens, Germany. Modern Insulators is also India’s largest manufacturer and exporter of porcelain insulators and is closely associated with National and Regional Utilities, Indian Railways, OEMs & EPC companies worldwide. [1]
Modern Insulators Limited (MIL) specializes in manufacturing high-tension insulators and terry towels. Founded in 1982, it has a rich history of collaboration with Siemens, Germany, for technical expertise.
The company has faced persistent technical and financial challenges, leading to multiple interactions with the Board for Industrial & Financial Reconstruction (BIFR) due to financial distress in the early 1990s.
Listed peers in Other Electrical Equipment: Bharat Bijlee Ltd, Yash Highvoltage Ltd, Rishabh Instruments Ltd, Advait Energy Transitions Limited, Marsons Ltd.
Valuation & Returns
10 Jul 2026At ₹541.5 a share on 10 Jul 2026, Modern Insulators Ltd (MODINSULAT) was valued at a price-to-earnings ratio of 32x against an industry P/E of 52.37x and a price-to-book of 5.51x on a book value of ₹98.28 per share as of Mar 2025. Solomo computes return on equity of 17.22% and return on capital employed of 21.84% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 32x
- Industry P/E
- 52.37x
- P/B
- 5.51x
- EPS (TTM)
- ₹16.92
- Book value / share
- ₹98.28
- ROE
- 17.22%
- ROCE
- 21.84%
- ROA
- 13.22%
- Debt / equity
- 0.05x
- Dividend yield
- 0%
- EBITDA margin
- 16.19%
- 52-week range
- ₹88.82 – ₹579
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Modern Insulators Ltd (MODINSULAT) reported revenue of ₹720 crore, net profit of ₹80 crore and earnings per share of ₹16.94. That compares with revenue of ₹503 crore and net profit of ₹39 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹203 crore and net profit ₹24 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 442 | 431 | 443 | 503 | 720 |
| Net profit (₹ cr) | 22 | 28 | 36 | 39 | 80 |
| EPS (₹) | 4.67 | 5.93 | 7.65 | 8.19 | 16.94 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -0.08% | 2.87% | 4.88% | 13.53% |
| Profit growth | 3.33% | 11.61% | 21.44% | 7.05% |
| Stock price CAGR | - | 58% | 119% | 403% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 60.18% of Modern Insulators Ltd (MODINSULAT) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.4% and domestic institutional investors (DII) hold 1.07%. Market capitalisation was ₹2,553 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2015.
Largest disclosed public shareholders in Jun 2026: VIJAY AGGARWAL 1.06%, MAHENDRA GIRDHARILAL WADHWANI 1.04%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 60.18% | - | 0.4% | 1.07% | 39.82% |
| Mar 2026 | 60.18% | - | 0.33% | 1.18% | 39.82% |
| Dec 2025 | 60.18% | - | 0.33% | 1.31% | 39.82% |
| Sep 2025 | 60.18% | - | 0.33% | 1.33% | 39.82% |
| Jun 2025 | 60.2% | - | 0.33% | 1.33% | 39.8% |
| Mar 2025 | 60.2% | - | 0.33% | 1.33% | 39.8% |
| Dec 2024 | 60.2% | - | 0.33% | 1.33% | 39.8% |
| Sep 2024 | 60.2% | - | 0.33% | 1.33% | 39.8% |