Modern Insulators consolidated net profit rises 136.65% in the June 2021 quarter

Modern Insulators consolidated net profit rises 92.12% in the March 2021 quarter

The rating on non-fund-based working capital limits (Rs60cr) of the company was assigned IND A3+.

Ind-Ra assigns BBB / Stable rating to Modern Insulators’ fund-based working capital limits

BRIEF-Modern Insulators Dec-Qtr Profit Rises

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Modern Insulators Limited is an India-based company engaged in manufacturing of switchgear, high voltage alumina porcelain insulators in India. The company’s products can be used in transmission lines, sub-station, railway electrification,etc