Modex International Securities share price

BSE: 537092Finance

MODEX INTERNATIONAL SECURITIES LTD. · Face value ₹10 · Listed Dec 2013

Trading suspended since 14 Dec 2021

Last traded ₹3.33 on 13 Dec 2021

Latest announcements

Routine notices left out.

  1. Nov 2022

  2. Sep 2022

  3. Aug 2022

  4. Apr 2022

  5. Jan 2020

Share price history

Daily closes since Dec 2013, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Sep 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹3.68 Cr−13.3% on a year ago · +10.8% on the quarter before
Operating profit
₹0.50 Cr−18.9% on a year ago · +36.0% on the quarter before
Net profit
₹0.03 Cr−13.1% on a year ago · −65.9% on the quarter before
Earnings per share
₹0.05+66.7% on a year ago · −33.3% on the quarter before
Operating margin
13.7%
Net margin
0.8%

From revenue to net profit, ₹ crore

  1. Revenue3.7
  2. Employee costs−1.1
  3. Other expenses−2.1
  4. Operating profit0.5
  5. Depreciation−0.2
  6. Other income+0.5
  7. Finance costs−0.8
  8. Profit before tax0.0
  9. Tax0.0
  10. Net profit0.0

Modex International Securities results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2019. Results for the quarter to Dec 2019 were due by 14 Feb 2020, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
5.20.6Dec 166.8−0.3Mar 174.50.5Jun 174.50.1Sep 174.70.1Dec 176.6−0.2Mar 185.40.0Jun 184.20.0Sep 184.10.0Dec 185.00.5Mar 193.30.1Jun 193.70.0Sep 19
Peak revenue ₹6.78 Cr, quarter to Mar 2017; lowest ₹3.32 Cr, quarter to Jun 2019A loss in 2 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
28.0%−17.9%−3.5%−17.9%−14.5%−1.3%−6.3%14.6%17.4%28.0%11.2%13.7%11.1%−5.0%11.3%1.3%1.1%−3.0%0.8%0.8%0.2%9.4%2.6%0.8%Dec 16Jun 17Dec 17Jun 18Dec 18Jun 19Sep 19
₹ croreDec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019
Revenue from operations1.482.511.612.202.37–2.902.825.156.784.554.534.726.585.444.244.075.003.323.68
1.472.421.92–––3.363.895.337.99––5.416.665.793.623.363.602.953.17
Materials and goods bought––––––––––––––0.000.000.000.000.000.00
Employee costs––––––––––––––0.981.111.101.271.171.11
Other expenses––––––––––––––4.812.512.262.331.772.06
Operating profit before depreciation0.020.09−0.31–––−0.46−1.07−0.18−1.22––−0.69−0.08−0.340.620.711.400.370.50
Operating margin1.3%3.4%−18.9%–––−15.8%−37.9%−3.5%−17.9%––−14.5%−1.3%−6.3%14.6%17.4%28.0%11.2%13.7%
Depreciation and amortisation0.080.220.07–––0.210.190.190.210.130.140.170.240.250.300.310.320.200.17
Other income0.460.590.59–––1.081.541.081.181.121.171.160.690.640.560.570.630.640.48
Finance costs0.300.260.110.130.10–0.150.150.140.13––0.250.390.000.840.971.280.720.78
One-off items––––––––––––––0.000.000.000.000.000.00
Profit before tax0.100.210.100.040.02–0.270.140.57−0.380.510.060.05−0.020.040.030.010.420.090.03
–0.09–––––––−0.03–––0.180.000.000.00−0.050.000.00
Tax rate–41.5%––––––––––––0.0%0.0%0.0%−11.3%0.0%0.0%
Net profit0.100.120.100.040.02–0.270.140.57−0.340.510.060.05−0.190.040.030.010.470.090.03
Other comprehensive income––––––––––––––0.000.000.00−0.010.000.00
Total comprehensive income––––––––––––––0.040.030.010.470.090.03
Net margin6.4%4.8%6.1%1.7%0.8%–9.1%5.0%11.1%−5.0%11.3%1.3%1.1%−3.0%0.8%0.8%0.2%9.4%2.6%0.8%
Earnings per share₹0.08–––₹0.02–₹0.22₹0.12₹0.48−₹0.29₹0.43₹0.05₹0.05−₹0.16₹0.04₹0.03₹0.01₹0.39₹0.08₹0.05
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

6 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
7.70.2Mar 146.90.2Mar 15Mar 16180.6Mar 17200.4Mar 18190.66.1Mar 19
Peak revenue ₹20 Cr, year to Mar 2018; lowest ₹6.88 Cr, year to Mar 2015

Operating and net margin, per cent

  • Operating margin
  • Net margin
16.0%−16.6%15.7%0.4%−16.6%−9.3%16.0%3.0%3.3%3.6%2.1%3.0%Mar 14Mar 15Mar 16Mar 17Mar 18Mar 19

Results for the year to Mar 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue19
  2. Employee costs−4.5
  3. Other expenses−11
  4. Operating profit3.0
  5. Depreciation−1.2
  6. Other income+2.4
  7. One-off items0.0
  8. Finance costs−3.7
  9. Profit before tax0.5
  10. Tax0.0
  11. Net profit0.6

What the company owns

  • Cash and bank₹41 Cr
  • Receivables₹22 Cr
  • Plant, investments and other assets₹22 Cr
  • Inventory₹12 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹58 Cr
  • Owed to suppliers₹21 Cr
  • Net worth₹13 Cr
  • Borrowings₹6 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016. The last column is the twelve months to Sep 2019, the latest four quarters added.

₹ croreMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019Twelve months
Revenue from operations7.76.9–17.720.418.816.1
6.56.9–20.622.315.813.1
Materials and goods bought–––––0.00.0
Employee costs–––––4.54.7
Other expenses–––––11.38.4
Operating profit before depreciation1.20.0–−2.9−1.93.03.0
Operating margin15.7%0.4%–−16.6%−9.3%16.0%18.6%
Materials, % of revenue–––––0.0%0.0%
Employee costs, % of revenue–––––23.8%29.0%
Other expenses, % of revenue–––––60.2%52.4%
Depreciation and amortisation0.40.4–0.80.71.21.0
Operating profit after depreciation0.8−0.4–−3.7−2.61.82.0
Other income0.51.5–4.94.12.42.3
Finance costs1.00.8–0.61.03.73.8
One-off items–––––0.00.0
Profit before tax0.40.3–0.60.60.50.5
0.10.1–0.00.20.00.0
Net profit0.20.2–0.60.40.60.6
Other comprehensive income–––––0.00.0
Total comprehensive income–––––0.50.6
Net margin3.0%3.3%–3.6%2.1%3.0%3.7%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2014, Mar 2015, Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
13.1
Share capital6.0
Reserves7.1
6.1
78.2
6.0
Total assets97.3
6.8
90.5
Net debt−35.3
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
₹0.19––₹0.53₹0.36₹0.46
As stated that year₹0.77––₹1.06₹0.72₹0.91
₹0.19––₹0.53₹0.36–
–––₹0.15–₹0.10
–––––₹10.91
Dividend payout–––––21.7%
Market cap at the year end (₹ crore)6.09.8–18.1–31.2
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth–−10.6%––15.4%−8.0%
Operating profit growth–−97.9%––––
Net profit growth–−2.2%––−32.4%28.8%
Earnings per share growth––––−32.1%26.4%
Return on equity–––––4.2%
Return on capital employed–––––9.5%
Interest cover0.8––––0.5
Debt to equity–––––0.46
Receivable days–––––430
Working capital days–––––−553
Asset turnover–––––0.19
Assets per rupee of net worth–––––7.43
Sales per rupee of plant–––––7.69
Plant being built, % of plant in use–––––0.0%
Interest cover is left blank for the years to Mar 2015, Mar 2017 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2014, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Return on assets, latest year
0.6%
Measure5 years3 years
Revenue growth, yearly rate19.5%–
Profit growth, yearly rate19.0%–
Operating margin, average−2.4%−3.3%
Net margin, average3.0%2.9%

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1–––––1.53
Effective tax ratePublished threshold 17.16 per cent35.5627.24–−5.6529.32−9.47
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, EQUITY, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+37.2%+26.4%+8.3%0.4%
3 years+37.1%––0.5%
5 years+39.1%+18.8%+16.9%0.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Modex International Securities dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2019.

  • Paid 1 year running, from the year to Mar 2019
Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2019₹0.20Not added up
2016₹0.60Not added up

Interim or final dividendSpecial dividendNone that month

Dividends by year

The share of each year's profit paid out, for the year it was paid for.

Share of profit paid out, %, where the year's results are on record

Mar 17Mar 1822Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Highest 22% of profit, year to Mar 2019.

Modex International Securities dividend history

Every payment with its ex-date and record date, year by year.

2019

  • Sep5Thu

    ₹0.20Final

    Ex-date 5 Sep 2019 · record date 7 Sep 2019

    0.42%of the price

2016

  • Jul26Tue

    ₹0.60Interim

    Ex-date 26 Jul 2016 · record date 27 Jul 2016

    0.57%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date.

Modex International Securities share price by year

Each calendar year to 2021.

YearClose at year endChangeHighest closeLowest close
20213.33−9.8%3.803.13
20203.69−77.8%15.803.13
201916.60−24.5%32.0015.55
201822.00−1.1%23.0018.10
201722.25+3.5%25.4812.95
201621.50+110.3%37.999.00
201510.23+55.8%18.006.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2021 close is its last trade, on 13 Dec 2021.

Recent sessions

The 10 trading days to 13 Dec 2021, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
13 Dec 20213.183.333.183.333.334,606
6 Dec 20212.983.222.983.183.134,872
29 Nov 20213.293.293.133.13–60
3 May 20213.293.293.293.293.2931
26 Apr 20213.143.292.993.293.20800
5 Apr 20213.143.143.143.143.1410
22 Mar 20213.303.303.303.303.30346
15 Mar 20213.643.643.473.473.54709
8 Mar 20213.303.643.303.64–74
22 Feb 20213.473.473.473.473.4791
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
6 Dec 2019Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
26 Sep 2019Bonus0.5000Holders received 1 bonus share for every 1 held.
20 Oct 2016Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

BSE code
537092
ISIN
INE072D01015
Industry
Finance
CIN
L74899DL1995PLC065153
Corporate identity number, the registrar of companies' code for it
Incorporated
1995
Registered office
507, Padma Tower-II, 22, Rajendra Place, New Delhi 110008, Delhi
Share registrar
MAS Services Ltd
Keeps the register of shareholders and handles transfers and dividend payments