Modern Shares

Who are the top shareholders of the Modern Shares?

The top shareholder of Modern Shares is Bhagwanti Exports Private Limited, holding 36.68%. Public shareholder Angelina Vivek Daswani has 3.41%, while individual investors collectively own 14.63%, with no mutual funds or foreign institutional investors involved.

The top shareholders of Modern Shares include Bhagwanti Exports Private Limited, which holds the largest stake at 36.68%. The company is primarily owned by promoters, and there are no pledged promoter holdings. In terms of public shareholders, Angelina Vivek Daswani is the highest with a holding of 3.41%. Additionally, individual investors collectively hold 14.63% of the shares. There are currently no mutual funds or foreign institutional investors (FIIs) holding shares in the company.

What does Modern Shares do?

Modern Shares & Stockbrokers Ltd is a Micro Cap stock broking firm established in 1939, with recent quarterly net sales of 1 Cr and a market cap of Rs 14 Cr. The company operates within the Non Banking Financial Company sector and has a P/E ratio of 13.00.

Overview:<BR>Modern Shares & Stockbrokers Ltd is primarily engaged in stock broking and operates within the Non Banking Financial Company (NBFC) sector, categorized as a Micro Cap.<BR><BR>History:<BR>The company was established as a private limited company in 1939 and converted into a public limited company in 1970. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 1 Cr (Quarterly Results - Mar 2025)<BR>- Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 14 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 85<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.00<BR>- Return on Equity: 1.65%<BR>- Price to Book: 1.06<BR><BR>Contact Details:<BR>Address: Wankhede Stadium North Stand, Staircase No 13 D Rd Churchgat Mumbai Maharashtra : 400020<BR>Tel: 91-22-42122400<BR>Email: modernshares@hotmail.com<BR>Website: http://www.modernshares.com

Who are in the management team of Modern Shares?

As of March 2023, the management team of Modern Shares includes Ashok T Kukreja (Chairman), Anil S Manghnani (Executive Director), and four Non-Executive Directors: Narendra Hira Advani, G Shewakramani, Roshan Advani Patheria, and Pankaj Rajnikant Ved. Only Anil S Manghnani receives remuneration, totaling 10.81 lacs.

As of March 2023, the management team of Modern Shares includes the following individuals:<BR><BR>1. **Ashok T Kukreja** - Chairman & Independent Director<BR>2. **Anil S Manghnani** - Executive Director & Wholetime Director<BR>3. **Narendra Hira Advani** - Non-Executive Director<BR>4. **G Shewakramani** - Non-Executive Director<BR>5. **Roshan Advani Patheria** - Non-Executive Director<BR>6. **Pankaj Rajnikant Ved** - Independent Non-Executive Director<BR><BR>Anil S Manghnani is the only member of the management team who receives remuneration, amounting to 10.81 lacs.

Has Modern Shares declared dividend?

Modern Shares & Stockbrokers Ltd has declared a 5% dividend, amounting to 0.5 per share, but the dividend yield is 0%. While the company has shown significant price appreciation over various periods, the dividend payments have not contributed to returns recently.

Modern Shares & Stockbrokers Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: Jul-24-2018<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -14.44%, the dividend return was 0%, resulting in a total return of -14.44%.<BR><BR>For the 1-year period, the price return was 3.83%, the dividend return was 0%, leading to a total return of 3.83%.<BR><BR>Over the 2-year period, the price return was 186.74%, with a dividend return of 0%, culminating in a total return of 186.74%.<BR><BR>In the 3-year period, the price return was 130.22%, the dividend return was 0%, which resulted in a total return of 130.22%.<BR><BR>For the 4-year period, the price return was 562.98%, with a dividend return of 0%, giving a total return of 562.98%.<BR><BR>Lastly, in the 5-year period, the price return was 686.89%, the dividend return was 0%, resulting in a total return of 686.89%.<BR><BR>Overall, while Modern Shares has declared a dividend, the dividend yield remains at 0%, indicating that the dividend payments have not contributed to returns in recent periods. The total returns over various periods show significant price appreciation, particularly over longer time frames.

Who are the peers of the Modern Shares?

Peers of Modern Shares include Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, Econo Trade Indi, FGP, Inani Securities, and BFL Asset Finves. Modern Shares has average growth and management risk, with a 1-year return of 5.33%, higher than Jio Financial but lower than FGP.

Peers: The peers of Modern Shares are Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, Econo Trade Indi, FGP, Inani Securities, and BFL Asset Finves.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finance, Cholaman.Inv.&Fn, and Muthoot Finance, while Average management risk is found at Jio Financial and Shriram Finance. Good management risk is noted at BFL Asset Finves, and the rest have Below Average management risk, including Econo Trade Indi, FGP, Inani Securities, and Modern Shares. For Growth, Excellent growth is seen at Jio Financial and Econo Trade Indi, Good growth at Bajaj Finance, Cholaman.Inv.&Fn, and BFL Asset Finves, while Average growth is noted at Modern Shares, and the rest have either Below Average or Average growth. In terms of Capital Structure, Excellent capital structure is held by Bajaj Finance, Jio Financial, Shriram Finance, Muthoot Finance, and Modern Shares, while Good capital structure is at Cholaman.Inv.&Fn, and Average capital structure is found at BFL Asset Finves, with the rest having Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is FGP at 45.83%, while the lowest is Jio Financial at -20.19%. Modern Shares has a 1-year return of 5.33%, which is higher than Jio Financial but lower than FGP. Additionally, Econo Trade Indi and BFL Asset Finves have negative six-month returns.

Is Modern Shares overvalued or undervalued?

As of February 21, 2024, Modern Shares is considered very expensive and overvalued with a PE ratio of 14.07, an EV to EBIT of 1.80, and a ROCE of 40.00%, despite a strong historical return of 690.16% over five years, it has underperformed year-to-date with a 24.69% decline compared to the Sensex's 5.63% gain.

As of 21 February 2024, the valuation grade for Modern Shares has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE Ratio of 14.07, an EV to EBIT of 1.80, and a ROCE of 40.00%. <BR><BR>In comparison to its peers, Modern Shares has a higher PE ratio than Life Insurance, which stands at 12.54, and a similar EV to EBITDA ratio compared to Bajaj Finserv at 13.37. While Modern Shares has shown strong historical returns, including a 690.16% increase over the past five years, its recent performance has lagged behind the Sensex, with a year-to-date decline of 24.69% compared to the index's 5.63% gain.

What is the technical trend for Modern Shares?

As of June 6, 2025, Modern Shares exhibit a neutral trend with mixed indicators, showing a mildly bullish weekly MACD and bullish Bollinger Bands, but a mildly bearish monthly MACD and daily moving averages, reflecting market uncertainty.

As of 6 June 2025, the technical trend for Modern Shares has changed from mildly bearish to sideways. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The Bollinger Bands are bullish on both weekly and monthly time frames, which supports a positive outlook. However, the daily moving averages are mildly bearish, indicating short-term weakness. The KST shows a mildly bullish trend weekly but is bearish monthly, and there is no clear trend according to Dow Theory on both weekly and monthly charts. Overall, the current stance is neutral with mixed indicators, reflecting uncertainty in the market.

How big is Modern Shares?

As of 24th July, Modern Shares & Stockbrokers Ltd has a market capitalization of 13.00 Cr, with recent net sales of 3.70 Cr and a net profit of 0.21 Cr. The balance sheet for March 2024 shows shareholder's funds of 12.57 Cr and total assets of 16.10 Cr.

As of 24th July, Modern Shares & Stockbrokers Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 3.70 Cr and a Net Profit of 0.21 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 12.57 Cr and Total Assets of 16.10 Cr.

When is the next results date for Modern Shares?

The next results date for Modern Shares is November 7, 2025.

The next results date for Modern Shares is scheduled for November 7, 2025.

How has been the historical performance of Modern Shares?

Modern Shares has shown consistent growth in net sales, reaching 3.71 Cr in March 2025, but profitability metrics declined, with profit after tax falling to 0.22 Cr. Despite this, the company improved its liquidity position, with cash and cash equivalents increasing to 12.27 Cr.

Answer:<BR>The historical performance of Modern Shares shows a gradual improvement in net sales and profitability over the years, with a notable increase in the most recent fiscal year.<BR><BR>Breakdown:<BR>Modern Shares reported net sales of 3.71 Cr in March 2025, up from 3.39 Cr in March 2024 and 2.97 Cr in March 2023, indicating a consistent upward trend in revenue. Total operating income mirrored this growth, reaching 3.71 Cr in March 2025. The company's total expenditure also increased to 3.27 Cr in March 2025 from 2.82 Cr in March 2024, yet the operating profit (PBDIT) remained positive at 0.44 Cr, although it decreased from 0.57 Cr in the previous year. Profit before tax was recorded at 0.40 Cr in March 2025, down from 0.54 Cr in March 2024, while profit after tax was 0.22 Cr, a decline from 0.40 Cr. The earnings per share (EPS) for March 2025 stood at 0.75, down from 1.37 in March 2024. The company maintained a stable book value per share of 43.46 in March 2025, reflecting a slight increase from 42.90 in March 2024. Total assets rose to 16.53 Cr in March 2025, consistent with the previous year, while total liabilities also increased slightly to 16.53 Cr. Cash and cash equivalents improved significantly to 12.27 Cr in March 2025, compared to 11.11 Cr in March 2024, indicating a stronger liquidity position. Overall, while Modern Shares has shown growth in sales and assets, there has been a decline in profitability metrics in the latest fiscal year.

Are Modern Shares & Stockbrokers Ltd latest results good or bad?

Modern Shares & Stockbrokers Ltd's latest results are concerning, showing a net loss of ₹0.05 crores in Q3 FY26, a significant decline from a profit in the previous quarter, along with a 20.19% drop in revenue. The company's low return on equity and poor stock performance indicate substantial operational challenges and an unfavorable outlook for investors.

The latest results for Modern Shares & Stockbrokers Ltd are concerning. In Q3 FY26, the company reported a net loss of ₹0.05 crores, a significant decline from a profit of ₹0.16 crores in the previous quarter (Q2 FY26). This marks a troubling reversal in profitability.<BR><BR>Revenue also saw a sharp decline, falling by 20.19% quarter-on-quarter to ₹0.83 crores, and an 8.79% decrease year-on-year. The operating profit margin turned negative at -3.61%, a drastic drop from 25.96% in Q2 FY26. These metrics indicate serious operational challenges and volatility in earnings.<BR><BR>Additionally, the return on equity (ROE) is low at 1.92%, which raises concerns about the company's ability to generate adequate returns on shareholder capital. The stock has underperformed significantly compared to the broader NBFC sector, declining 30.62% over the past year.<BR><BR>Overall, the results suggest that Modern Shares is facing substantial difficulties, and the outlook appears unfavorable, leading to a recommendation for investors to reconsider their positions in the company.

Should I buy, sell or hold Modern Shares & Stockbrokers Ltd?

Why is Modern Shares & Stockbrokers Ltd falling/rising?

As of 04-Mar, Modern Shares & Stockbrokers Ltd is facing a stock price decline to Rs. 25.99, down 2.0%, and has reached a 52-week low of Rs. 25.25. The stock has underperformed significantly, with a year-to-date drop of 34.24%, contrasting with a 7.16% decline in the Sensex, amidst a challenging market environment.

As of 04-Mar, Modern Shares & Stockbrokers Ltd is experiencing a decline in its stock price, currently at Rs. 25.99, which reflects a decrease of Rs. 0.53 or 2.0%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 25.72% during this period. Additionally, the stock has reached a new 52-week low of Rs. 25.25 today.<BR><BR>The performance of Modern Shares is significantly lagging behind the broader market, with a year-to-date decline of 34.24% compared to a 7.16% drop in the Sensex. Over the past month, the stock has decreased by 31.46%, while the Sensex has only fallen by 5.61%. This underperformance is further highlighted by the fact that the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.<BR><BR>Moreover, the finance/NBFC sector, in which Modern Shares operates, has also seen a decline of 2.86%, contributing to the negative sentiment surrounding the stock. Despite a notable increase in investor participation, with delivery volume rising by 254.31% against the 5-day average, the overall market conditions and the stock's persistent decline indicate a challenging environment for Modern Shares & Stockbrokers Ltd.

Which are the latest news on Modern Shares?