Modern Insulators Ltd

Modern Insulators Ltd (MODINSULAT)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-16.33 %
3 Month Return-15.64 %
1 Year Return9.69 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 2
Rank 12
Rank 13
Dividend Yield
Rank 20
Rank 19
Price To Book Ratio
Rank 5
Debt To Asset
Rank 35

Company Information

Incorporated as a public limited company in May 82 Modern Insulators MIL a member of the Modern group was promoted in the joint sector by H S Ranka and the Rajasthan State Industrial Corporation RSICO. It manufactures various types of hightension HT insulators upto 400 kV inst. cap. : 6000 tpa producing sectional and post insulators solid core insulators for the Railways and bushings for transformers apparatus insulators solid core insulators including long rod and line post insulators in technical collaboration with Siemens Germany.Since inception MIL has been facing technical problems resulting in a high degree of rejection at various stages of manufacture. With a view to help MIL overcome its resultant liquidity problems and stabilise operations on a viable footing institutions have been extending relief by way of interest deferments and reschedulement of principal repayments. However despite grants of reliefs / concessions there was no appreciable improvement in the performance of MIL and it continued to incur losses. Based on the audited results for Apr.91 a reference was made to the BIFR on the basis of which it was registered with the BIFR. However another reference made to the BIFR on the basis of its audited accounts for the period ending 31 Oct.92 which indicated a positive net worth led to the case being deregistered.MIL came out with a rights issue in Oct.95 to implement its project involving capacity expansion from 5000 tpa to 6000 tpa. The company was awarded the certificate of merit by CAPEXIL for the year 199798 for outstanding export performance.The company had received orders from global electrical equipments manufacturers and it is planning to increase the exports in the countries like MexicoChinaEgypt.
OrganisationModern Insulators Ltd
IndustryCapital Goods - Electrical Equipment