Modern Malleables Ltd

BSE: 517336

₹ 44.1+4.03%refreshed 26 Oct, 02:56 pm ISTMarket cap: ₹ 514 crWebsite: www.modernmalleables.comUpdated: 24 Oct 2026

About

Modern Malleables Ltd makes overhead electrical conductors, hardware accessories and damping equipment for power transmission and distribution projects, with manufacturing units at Liluah, Howrah. It wins business from utilities in India for the power and telecom markets, and its products are qualified up to the highest EHV transmission class of 765KV/800KV. Revenue was 150.87 in FY26.^[1][2]

Products

Makes overhead electrical conductors, hardware accessories and damping equipment for power transmission and distribution projects (FY26 annual report).^[1]
Products are qualified up to the highest EHV transmission voltage class of 765KV/800KV (FY26).^[1]
Over the past few years the company has added structural, telecommunication and instrumentation expertise and facilities (FY26).^[1]

Operations and R&D

Manufacturing units are located at Liluah, Howrah (FY26).^[1]
Recognised by the Government of India as an R&D unit for decades, and runs an NABL-accredited laboratory (FY26).^[1]
Holds ISO-9001:2015 accreditation for its power and telecom product range (FY26).^[1]
The FY26 annual report says the R&D centre will be strengthened and updated to improve product designs so they can compete with similar products from developed countries.^[1]

Customers

Wins business from utilities in India for the power and telecom markets (FY26).^[1]

Strategy

The FY26 annual report describes a strategic expansion with a sharper focus on the needs of the growing power transmission sector.^[1]
FY26: seeking shareholder approval to make loans, give guarantees or make investments of up to Rs 150 crore under Section 186.^[1]

Recent developments

FY26: the company was relisted on BSE after a gap of almost two decades, having met all new regulatory requirements.^[1]
The Board did not recommend a dividend for the year ended 31 March 2026.^[1]
FY26: material related party transactions with promoter group entities (purchases Rs 7,140 lacs, sales Rs 1,640 lacs) are put to shareholders for approval.^[1]
FY26: no long-term borrowings; finance costs were Rs 74.02 lacs in 2025-26 vs Rs 23.20 lacs in 2024-25.^[1]

Key risks identified

The FY26 annual report names economic, geographic, competition and pricing risks, including higher raw material prices during geopolitical conflicts.^[1]

Market Cap

₹514 Cr

High / Low

₹86 / 3

Stock P/E

20.3

Price / Book

2.8

Book Value

₹15

EPS

₹1.7

No. of Shares

11.65 Cr

ROCE

15.1%

ROE

11.5%

OPM

17.6%

Debt / Equity

0.06

Sales

₹151 Cr

Net Profit

₹19 Cr

Promoter holding

59.4%

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