Modern Insulator Limited Unlisted Shares

(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.

Modern Insulator Limited Unlisted Shares Details:

Total Available Shares:	1381
Face Value:	₹ 10 Per Equity Share
Lot Size:	200 Shares
Current Unlisted Share Price:	₹ 65 Per Equity Share
Retail Discount:	Bulk Deal (1%)

Promoters And Management:

(i) Shri Sachin Ranka – Chairman & Managing Director. (ii) Shri Shreyans Ranka – Whole Time Director. Qualification: Bachelor in Industrial Engineering from University of Illinois at Urbana Champaign, USA & Masters in Management at Imperial Business School, London and have expertise in Finance and Corporate Management. He is 30 Year old. (iii) Shri D.B. Deshpande – Executive Director. Qualification: B.E Electricals and he looks after Electrical Engineering and Corporate Management. He is 68 Years old. (iv) Shri T.C. Chejara – Non-Executive Director Qualification: Chartered Accountant and he looks after Finance and Accounts. He is 67 Years old.

Financials of Modern Insulator Limited Unlisted Shares:

(Fig. in Lakhs) 1. Revenue, PAT and EPS Analysis

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%

2. Debt and Net-worth Analysis

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%

3. Current Ratio, Receivable days and Cash-flow Analysis

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

UnlistedZone Analysis of 2018-19 Financials 1. The revenue from operation for the year has been 440.05 crores as against 408.94 crores in the previous year and net profit for the year stood at 24.86 crores as against 16.86 crores as compared to the previous year. So, overall a decent set of numbers for Modern Insulators. 2. The company has done the business of 392 Cr from Insulator division and 47 Cr from Terry Towels. The Insulator business has shown a profit of 50 Cr while Terry Towels has shown a loss of 6.14 Cr at the EBITDA level. The Terry Towels division has shown marginal improvement in performance however incurred losses mainly due to lower capacity utilization. 3. Export Division The company is one of the major exporters of H.T. Porcelain Insulators from India. The Company has achieved an export turnover of 98 crores as compared to 92 crores in the previous year. The company in 2018-19 has tapped & revived potential customers especially from Europe, the USA, Turkey, and Russian market. To become competitive in the international market, the company is doing tremendous efforts by exploring the new markets for insulators with RTV coating & by developing high strength insulators. This would help the company to strengthen the ability to cater to the diverse needs of global customers and strengthen its presence in all corners of the global market. The company is also continuously focusing on economizing the manufacturing by way of R&D activities. 4. Oppurtunities The future of the Insulator industry looks promising as insulator demand is expected to improve in medium-term with Central Electrical authority targeting to upgrade the distribution lines and adding new substations. Railway electrification in the country also is on full swing and the company is expecting substantial growth in the current year and coming years. Modern Insulator Annual Report 2019-20 Modern Insulator Annual Report 2018-19 Modern Insulator Annual Report 2017-18

Company Address:

A-4, Vijay Path, Tilak Nagar, Jaipur - 302 004 (Rajasthan) Ph. : 0141-4113645 E-mail : modernjaipuroffice@gmail.com

Frequently Asked Questions:

Please find below the procedure for buying Modern Insulator Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Modern Insulator Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Modern Insulator Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Modern Insulator Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Modern Insulator Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Modern Insulator Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Modern Insulator Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Modern Insulator Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Modern Insulator Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Modern Insulator Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Modern Insulator Limited Unlisted Shares.
2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Modern Insulator Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Modern Insulator Limited Unlisted Shares.
- b. Name of Modern Insulator Limited Unlisted Shares
- c. Quantity of Modern Insulator Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Modern Insulator Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Modern Insulator Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

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.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not 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?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Modern Insulator Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

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.

1. We check the last funding that is being done in the Modern Insulator Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Modern Insulator Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

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.

Discussion on Modern Insulator Limited Unlisted Shares:

4 Comments

Market Wizard

12:16 PM, 18 March 2020

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.

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Market Wizard

7:26 AM, 15 February 2020

December 2019 Quarterly Results link

https://dyvmwwyqozzzb.cloudfront.net/main/10bc5088-c445-4c74-9b90-a08af36bf25f.pdf

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Market Wizard

3:19 AM, 24 March 2019

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.

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Market Wizard

3:14 AM, 24 March 2019

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

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Modern Insulator Limited Unlisted Shares

Modern Insulator Limited Unlisted Shares Details:

Promoters And Management:

Financials of Modern Insulator Limited Unlisted Shares:

Company Address:

Frequently Asked Questions:

Discussion on Modern Insulator Limited Unlisted Shares:

4 Comments

Market Wizard

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