Modern Shares

Why is Modern Shares & Stockbrokers Ltd falling/rising?

As of 01-Sep, Modern Shares & Stockbrokers Ltd's stock price is rising to Rs 36.79, up 2.31%, with strong momentum and outperformance against its sector. Despite a drop in investor participation, the stock remains above key moving averages, indicating a positive trend.

As of 01-Sep, Modern Shares & Stockbrokers Ltd's stock price is rising, currently at Rs 36.79, reflecting an increase of Rs 0.83 or 2.31%. The stock has outperformed its sector by 5.19% today and has shown a consecutive gain over the last three days, with a total return of 7.49% during this period. Additionally, the stock reached an intraday high of Rs 37.3, indicating strong upward momentum.<BR><BR>Despite some challenges, such as a decline in investor participation with delivery volume dropping by 40.92% compared to the 5-day average, the stock is trading above its moving averages across various time frames (5-day, 20-day, 50-day, 100-day, and 200-day). This suggests a positive trend in the stock's performance. Overall, the combination of recent gains, outperformance against the sector, and favorable moving averages contributes to the rising stock price of Modern Shares & Stockbrokers Ltd.

Who are in the management team of Modern Shares?

The management team of Modern Shares includes Ashok T Kukreja (Chairman & Independent Director), Anil S Manghnani (Executive Director), and four Non-Executive Directors: Narendra Hira Advani, G Shewakramani, Roshan Advani Patheria, and Pankaj Rajnikant Ved (Independent Non-Executive Director).

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>If you have any more questions about the company or its management, feel free to ask!

What does Modern Shares do?

Modern Shares & Stockbrokers Ltd is a Micro Cap NBFC providing retail broking, mutual fund distribution, and equity research services. Founded in 1939, it reported net sales of 1 Cr and a net profit of 0 Cr for June 2026, with a market cap of INR 11 Cr.

Overview:<BR>Modern Shares & Stockbrokers Ltd operates in the Non Banking Financial Company (NBFC) sector, providing services in Retail Broking, Mutual Fund Distribution, and Equity Research, and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was incorporated on 1st July 1939 and transitioned from a private limited company to a public limited company on 20th November 1970. It changed its name from Modern Home Credit & Capital Limited to Modern Shares & Stockbrokers Limited in February 2001. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 11 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 93.00<BR>- Industry P/E: 21<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.02<BR>- Return on Equity: 0.85%<BR>- Price to Book: 0.79<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 the peers of the Modern Shares?

Peers of Modern Shares include Rita Finance, Libord Securitie, Svaraj Trading, Octal Credit Cap, Adcon Capital, and First Custodian. Modern Shares has a 1-year return of -17.14%, higher than Rita Finance's -51.73% but lower than GACM Tech-DVR's 11.76%.

Peers: The peers of Modern Shares are Rita Finance and, Libord Securitie, Svaraj Trading, Octal Credit Cap, Adcon Capital, and First Custodian.<BR><BR>Quality Snapshot: Excellent management risk is observed at Rita Finance and, Svaraj Trading, Modern Shares, Octal Credit Cap, Adcon Capital, and First Custodian, while Below Average management risk is found at the rest. Below Average growth is noted at Rita Finance and, Svaraj Trading, Modern Shares, Octal Credit Cap, and the rest, while Average growth is seen at Adcon Capital and First Custodian. Excellent capital structure is present in Rita Finance and, Svaraj Trading, Modern Shares, Octal Credit Cap, Adcon Capital, and First Custodian, while Libord Securitie does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is GACM Tech-DVR at 11.76%, while Rita Finance and has the lowest at -51.73%. Modern Shares has a 1-year return of -17.14%, which is higher than Rita Finance and but lower than GACM Tech-DVR. Additionally, the six-month returns for Rita Finance and, Svaraj Trading, and First Custodian are negative.

How big is Modern Shares?

As of 31st August, Modern Shares & Stockbrokers Ltd has a market capitalization of 11.00 Cr, with Net Sales of 3.47 Cr and a Net Profit of 0.11 Cr for the latest four quarters. Shareholder's Funds were 12.97 Cr, and Total Assets amounted to 16.81 Cr as of March 2026.

As of 31st August, Modern Shares & Stockbrokers Ltd has a market capitalization of 11.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 3.47 Cr and a Net Profit of 0.11 Cr.<BR><BR>As of March 2026, the Shareholder's Funds were 12.97 Cr, and the Total Assets amounted to 16.81 Cr.

Which are the latest news on Modern Shares?

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

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

Modern Shares & Stockbrokers Ltd's latest results show a return to profitability with a net profit of ₹0.06 crores, but a year-on-year revenue decline of 12.12% and a low Mojo Score of 21 indicate significant challenges, leading to a "STRONG SELL" rating and concerns about long-term viability.

The latest results for Modern Shares & Stockbrokers Ltd present a mixed picture. On one hand, the company has returned to profitability with a net profit of ₹0.06 crores in Q1 FY27, a positive shift from a loss of ₹0.06 crores in the previous quarter. Additionally, the operating margin improved significantly to 10.34%, up from negative margins in the prior quarter, indicating better cost management.<BR><BR>However, the revenue growth year-on-year is concerning, showing a decline of 12.12%, which reflects ongoing challenges in the brokerage and distribution business. While there was a sequential recovery of 19.18% from the previous quarter, the overall revenue trajectory remains troubling.<BR><BR>The company's overall performance is further highlighted by a low Mojo Score of 21 out of 100 and a "STRONG SELL" rating, indicating significant headwinds. The average return on equity is a mere 2.00%, suggesting weak capital efficiency, and the stock is considered very expensive with a P/E ratio of 93.26, which is far above the industry average.<BR><BR>In summary, while there are signs of recovery in profitability, the persistent revenue decline and high valuation metrics raise substantial concerns about the company's long-term viability and investment appeal.

When is the next results date for Modern Shares & Stockbrokers Ltd?

The next results date for Modern Shares & Stockbrokers Ltd is 28 July 2026.

The next results date for Modern Shares & Stockbrokers Ltd is scheduled for 28 July 2026.

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.

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.

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.

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.