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MODERN SHARES & STOCKBROKERS L

Financial Services › Finance
₹30.00
at close · 28 Oct 2026
▼ 1.50 (-4.76%)
ThemesArtificial Intelligence· mention

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Board meeting on Oct 30, 2026 to approve Q2 and H1 FY26-27 results · Results
  2. Not classified as Large Corporate under SEBI debt circular · Compliance
  3. Filer exempt from Related Party Transaction disclosure under SEBI norms · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates as a small stockbroking firm, earning brokerage and commission by executing trades on BSE and NSE where it is a member. FY26 total income came in at Rs 3.5865 crore, with brokerage and commission as the main revenue line. The business has no materials cost but is heavily people-driven — employee expenses are the single largest cost at 46.2% of revenue, with other operating expenses at 39.2% and depreciation at 1.2%. Results have been uneven across quarters: PAT of Rs 19.84 lakh for FY26, but a Q3 FY26 net loss of Rs 4.78 lakh and Q4 FY26 loss of Rs 6.20 lakh. The company has no outstanding debt securities, is not classified as a large corporate under SEBI rules, and is led by Whole Time Director Anil S Manghnani, with promoter holdings of 21,34,784 equity shares as of March 31, 2026.

Operating scale
Total assets
Rs 16.8902 croreFY26
Q1 FY27 brokerage and commission
Rs 59.86 lakh (down from Rs 73.65 lakh YoY)Q1 FY27
Q1 FY27 total income
Rs 86.71 lakhQ1 FY27
FY26 operating cash flow
-Rs 214.35 lakhFY26
Cash and cash equivalents at FY26 end
Rs 18.46 lakh (down from Rs 139.72 lakh)FY26
Paid-up equity share capital
Rs 2.93 croreFY25
Who pays it
Retail and institutional investors executing trades on BSE and NSE
Biggest cost
Employee costs at 46.2% of revenue
Kind of business
Small, fee-based cyclical stockbroking with no manufacturing or materials cost
Where it sits
Member of BSE (Scrip Code 509760) and NSE; a small Mumbai-based stockbroking firm with net worth of Rs 12.03 crore
Market Cap
₹9 Cr
P / E (TTM)
96.8×
EV / EBITDA
—
Div Yield
—
Growth
6.8%▲
Revenue 5y CAGR
PAT +43.4% · EBITDA +33.2%
Quality
—·
ROCE (FY26)
ROE 1.7% (5y median) · margin 10.4%
Leverage
—·
Debt / Equity · borrowings not filed
Revenue FY21→FY26
1.4×▲
Margin +4.3 pts
₹3 Cr → ₹4 Cr
Cash conversion
-3.83×▼
Operating cash ÷ profit · 5 yrs
₹-5 Cr on ₹1 Cr
Moves on a normal day
2.59%·
Median daily move
Last 264 sessions · the yardstick for filing-day moves
Where it sits among 120 Other Financial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#67/76
P/B#42/105
ROE#52/111
EBITDA margin#76/91
Revenue growth#48/85
Profit growth#64/109

Scorecard

Measured from the filed financials, judged against its Other Financial Services peers · as of FY26 — not investment advice

Strengths
Profit compounding 43% a year over 5 years
Concerns
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹1.25 Cr of profit and an operating cash outflow of ₹4.78 Cr — -3.83×
Less than 60p of every ₹1 of profit arrived as cash
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MODERN SHARES & STOCKBROKERS L's filed financials and exchange disclosures

What does MODERN SHARES & STOCKBROKERS L do?

MODERN SHARES & STOCKBROKERS L is a Finance company listed on BSE.

Is MODERN SHARES & STOCKBROKERS L profitable?

Yes. Over the trailing twelve months MODERN SHARES & STOCKBROKERS L reported a net profit of ₹0.20 Cr on revenue of ₹3.59 Cr.

Does MODERN SHARES & STOCKBROKERS L pay a dividend?

Not in the latest reported year — MODERN SHARES & STOCKBROKERS L's dividend payout for FY26 was nil.

Is MODERN SHARES & STOCKBROKERS L expensive compared with its peers?

On trailing P/E, MODERN SHARES & STOCKBROKERS L ranks 67 of 76 in Other Financial Services — cheaper than 12% of them, against an industry median of 19.0×. This is a position, not a valuation judgement.

How much does the MODERN SHARES & STOCKBROKERS L share price move in a day?

On a typical session MODERN SHARES & STOCKBROKERS L moves 2.59% — that is the median absolute close-to-close move across its last 264 trading days. MarketPing measures each filing's price reaction against it.

When are MODERN SHARES & STOCKBROKERS L's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track MODERN SHARES & STOCKBROKERS L's announcements?

Every NSE and BSE filing by MODERN SHARES & STOCKBROKERS L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.