Modern Insulators Limited (MODINSU.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-78.5%

₹95.84

vs ₹446.05 price

Levered DCF

₹127.17

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	12.89×	12.16×	11.74×	7.06×	10.3×	6.24×	0.63×	0.56×
P/B	1.89×	1.01×	1×	0.51×	0.63×	0.63×	0.05×	0.05×
P/S	1.43×	0.93×	0.97×	0.47×	0.52×	0.54×	0.03×	0.03×
EV / EBITDA	9.26×	8.47×	9.64×	5.29×	7.47×	4.32×	2.83×	2.17×
Gross margin	58.2%	72.1%	30.8%	28.2%	27.6%	32.8%	11.6%	10.8%
Operating margin	11.8%	5.7%	6.2%	4.0%	3.5%	6.1%	4.6%	5.2%
Net margin	11.1%	7.7%	8.2%	6.6%	5.0%	8.7%	5.2%	5.9%
Current ratio	3.75×	3.82×	3.77×	3.88×	2.8×	2.48×	1.58×	1.62×
Debt / equity	0.13×	0.05×	0.05×	0.02×	0.07×	0.07×	0.33×	0.33×
Interest coverage	14.43×	6.67×	7.92×	4.09×	2.97×	2.59×	1.55×	2.06×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.7%	8.3%	8.5%	7.2%	6.1%	10.1%	7.4%	9.0%
Return on invested capital	10.2%	4.6%	5.5%	3.8%	3.5%	5.8%	4.4%	5.3%
Return on assets	10.5%	6.4%	6.5%	5.5%	4.3%	7.0%	4.2%	5.3%
Free cash flow yield	2.3%	4.5%	1.3%	8.6%	5.1%	24.2%	106.0%	182.0%
Earnings yield	7.8%	8.2%	8.5%	14.2%	9.7%	16.0%	158.2%	179.9%
Enterprise value	₹10.8B	₹4.9B	₹4.4B	₹2B	₹2.5B	₹2.4B	₹1.1B	₹927.6M
Net debt / EBITDA	0.44×	0.35×	0.32×	0.17×	0.65×	0.41×	2.48×	1.84×
Cash conversion cycle (days)	203	314	225	203	205	201	153	139