(i) Modern Insulators Limited is the leading porcelain insulator manufacturer in India. It 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.
(ii) Modern is an ISO 9001 & ISO 14001 Certified Company and also India’s largest exporter of porcelain insulators with exports exceeding USD 15 million to more than 50 countries. Their plant has also undergone extensive modernization to ensure our products meet the safety and life cycle requirements of utilities, industries, and OEMs globally.
(iii) They were the first company to introduce porcelain Long rod insulators in India – a superior alternative to disc insulators with an unbeatable pollution performance. MIL also introduced an exclusive aluminous body for porcelain insulators- proven for its improved mechanical and electrical strength.
(iv) Modern Insulators’ manufacturing plant is situated in Abu Road, Rajasthan, and has a current installed capacity of 26,000 metric tonnes per annum and exports account to about 30% of its annual turnover. Modern has the most sophisticated manufacturing plant with machinery imported from Germany along with the required testing and inspection facilities and an in-house R&D setup recognized by the Government of India for the development of new products & process improvements.
Products of the Company:
1. Hollow Insulators
2. Solid-Core Insulators
3. Long-Road Insulators
Industry Overview:
The power generation, transmission, and distribution sector is the key growth driver for the Insulators industry. The Government of India is putting emphasis on power sector reforms to overcome impediments; it will, however, take some time before on-ground demand improvement is visible. Over the past few years, demand in the domestic insulators market has been sluggish, primarily due to the poor or financial health of state utilities, which has impacted new projects and delay in the execution of on-going projects.
Total Available Shares: | 1381 |
Face Value: | ₹ 10 Per Equity Share |
Retail Discount: | Bulk Deal (1%) |
Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS | CE | RoCE |
2016 | 46750 | 4810 | 10% | 2920.6 | 6% | 471.44 | 10 | 6.20 | 29404 | 10% |
2017 | 52002 | 4424 | 9% | 2988 | 6% | 471.44 | 10 | 6.34 | 28828 | 10% |
2018 | 41598 | 3957 | 10% | 1663 | 4% | 471.44 | 10 | 3.53 | 30916 | 5% |
2019 | 44834 | 4461 | 10% | 2552 | 6% | 471.44 | 10 | 5.41 | 33477 | 8% |
2020 | 44888 | 4215 | 9.3% | 2233 | 4.97% | 471.44 | 10 | 4.80 | 35491 | 8.9% |
Year | Long-Term Debt | Short-Term Debt | Total Debt | NW | Debt/NW | RONW |
2016 | 24.86 | 5904.60 | 5929.46 | 26477 | 0.22 | 11% |
2017 | 37.20 | 7277.67 | 7314.87 | 26092 | 0.28 | 11% |
2018 | 32.96 | 8339.11 | 8372.07 | 25827 | 0.32 | 6% |
2019 | 90.10 | 9195.82 | 9285.92 | 28313 | 0.33 | 9% |
2020 | 83.62 | 9975.79 | 10059.41 | 30546 | 0.32 | 7.3% |
Year | CA | CL | Current Ratio | Receivable Days | CFO | Capital Exp. | FCF |
2016 | 18312 | 10818 | 1.69 | 61 | 908 | 465 | 442 |
2017 | 24486 | 14124 | 1.73 | 78 | -865 | 952 | -1817 |
2018 | 21740 | 14732 | 1.48 | 91 | 3584 | 347 | 3237 |
2019 | 23956 | 14744 | 1.62 | 76 | 3093 | 510 | 2582 |
2020 | 27688 | 17490 | 1.58 | 70 | 3424 | 1237 | 2187 |
Please find below the procedure for buying Modern Insulator Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Modern Insulator Limited Unlisted Shares at UnlistedZone.
Lock-in period of Modern Insulator Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Modern Insulator Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Modern Insulator Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Modern Insulator Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Modern Insulator Limited Unlisted Shares Instantly?
The Modern Insulator Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Modern Insulator Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Modern Insulator Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Modern Insulator Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Modern Insulator Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.
You must be logged in to post a comment.
Market Wizard
Business Performance in 2017-18
Operation:
During the year under review, the performance of the Company has been satisfactory looking at the overall global scenario of the Industry. During the year, despite a challenging environment; the company has registered a growth of 4.42%. The revenue from operations (net of excise duty) for the ya ear has been 403.19 crores as against Rs. 386.14 crores.
Exports:
The company is one of the major exporters of H.T. Porcelain Insulators from India. The Company has achieved an export turnover of 92 Cr during the year as compared to 101 Cr in the previous year. The export has been impacted mainly because of stiff competition from China and the slowdown of the global economy. However, during the year the company has been able to sustain exports at a satisfactory level because of good quality and timely delivery. In addition, they also tapped & revived potential customers especially from Europe, the USA, Turkey and Russia. The company has concluded a yearly contract with Siemens to cater to its worldwide requirement for units in Germany, Brazil, and Mexico.
Market Wizard
December 2019 Quarterly Results link
https://dyvmwwyqozzzb.cloudfront.net/main/10bc5088-c445-4c74-9b90-a08af36bf25f.pdf
Market Wizard
During the FY17-18 the Scheme of arrangement between Modern Insulators Limited (“Demerged Company” or “MIL”) and Modern Polytex Limited (“Resulting Company” or “MPL”) and their respective shareholders and creditors under sections 391 and 394 of the Companies Act, 1956 (Presently sections 230 to 232 of the Companies Act, 2013) for demerger of the Yarn division of the Company into MPL, was approved by the Hon’ble National Company Law Tribunal, Principal Bench at New Delhi vide its order dated December 12, 2017,
Pursuant to the Scheme, yarn division of MIL has been transferred to and vested in MPL who shall issue one equity shares of MPL for every two equity shares to the shareholders of MIL i.e. 1,08,71,750 equity shares of Rs. 10 each as fully paid up. Your Company and MPL are in the process of completing the formalities relating to allotment of shares of MPL to the eligible shareholders and listing the same.
Market Wizard
The shares of the Company were listed in BSE and but trading is suspended by BSE. The company has already filed an appeal with BSE to revoke the suspension.
Company has filed application for revocation of suspension of trading on 07.02.2017 and it is noted that the company has initiated and made some compliances of listing and SEBI Regulations However, the application of revocation is in process and trading is still suspended of the company