Modison Ltd
Incorporated in 1975, Modison Ltd manufactures Electrical contacts in the LV, MV & HV segments[1]
- Market Cap ₹ 484 Cr.
- Current Price ₹ 149
- High / Low ₹ 211 / 108
- Stock P/E 15.3
- Book Value ₹ 69.8
- Dividend Yield 2.35 %
- ROCE 15.5 %
- ROE 12.1 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 37.8%
Cons
- Company has a low return on equity of 9.50% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 184 | 171 | 168 | 191 | 201 | 220 | 219 | 292 | 340 | 335 | 405 | 490 | 531 | |
| 158 | 155 | 142 | 159 | 174 | 191 | 192 | 252 | 309 | 310 | 372 | 445 | 477 | |
| Operating Profit | 26 | 17 | 26 | 31 | 27 | 30 | 27 | 40 | 30 | 25 | 32 | 45 | 54 |
| OPM % | 14% | 10% | 16% | 16% | 14% | 13% | 12% | 14% | 9% | 7% | 8% | 9% | 10% |
| 2 | 0 | 1 | 0 | 4 | 4 | 0 | -2 | -2 | -1 | 6 | 2 | 5 | |
| Interest | 3 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 7 |
| Depreciation | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 | 8 | 9 |
| Profit before tax | 18 | 7 | 17 | 22 | 24 | 24 | 19 | 30 | 20 | 15 | 29 | 34 | 43 |
| Tax % | 34% | 31% | 37% | 35% | 30% | 32% | 20% | 25% | 26% | 27% | 27% | 26% | |
| 12 | 5 | 11 | 14 | 16 | 17 | 15 | 22 | 15 | 11 | 21 | 25 | 32 | |
| EPS in Rs | 3.75 | 1.42 | 3.35 | 4.39 | 5.05 | 5.14 | 4.66 | 6.91 | 4.51 | 3.44 | 6.58 | 7.61 | 9.80 |
| Dividend Payout % | 33% | 53% | 30% | 23% | 30% | 29% | 22% | 22% | 22% | 29% | 38% | 46% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 13% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 29% |
| 3 Years: | 34% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 93 | 94 | 101 | 111 | 124 | 134 | 144 | 161 | 173 | 184 | 200 | 213 | 223 |
| 26 | 27 | 21 | 18 | 13 | 21 | 26 | 12 | 17 | 5 | 32 | 73 | 85 | |
| 26 | 23 | 19 | 19 | 22 | 21 | 18 | 26 | 21 | 29 | 36 | 30 | 42 | |
| Total Liabilities | 147 | 147 | 145 | 152 | 162 | 180 | 191 | 203 | 214 | 222 | 271 | 319 | 354 |
| 60 | 57 | 61 | 60 | 60 | 58 | 58 | 62 | 70 | 69 | 79 | 92 | 94 | |
| CWIP | 1 | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 10 | 10 | 4 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 2 |
| 86 | 88 | 82 | 91 | 101 | 121 | 128 | 135 | 140 | 141 | 180 | 223 | 255 | |
| Total Assets | 147 | 147 | 145 | 152 | 162 | 180 | 191 | 203 | 214 | 222 | 271 | 319 | 354 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 13 | 26 | 12 | 19 | 4 | 19 | 24 | 14 | 22 | 1 | -16 | |
| -6 | -6 | -11 | -3 | -8 | -4 | -15 | -4 | -11 | -12 | -21 | -9 | |
| -4 | -6 | -15 | -9 | -10 | 0 | -3 | -21 | 1 | -14 | 19 | 24 | |
| Net Cash Flow | -7 | 0 | -0 | 0 | 0 | -1 | 1 | -1 | 4 | -4 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 65 | 63 | 75 | 76 | 70 | 75 | 75 | 62 | 58 | 60 | 64 |
| Inventory Days | 122 | 130 | 132 | 120 | 124 | 154 | 146 | 104 | 90 | 109 | 109 | 121 |
| Days Payable | 8 | 11 | 15 | 11 | 14 | 11 | 11 | 10 | 9 | 13 | 11 | 9 |
| Cash Conversion Cycle | 179 | 184 | 180 | 184 | 185 | 214 | 209 | 168 | 143 | 154 | 158 | 176 |
| Working Capital Days | 75 | 81 | 90 | 104 | 119 | 130 | 126 | 119 | 105 | 117 | 97 | 92 |
| ROCE % | 18% | 8% | 17% | 20% | 17% | 16% | 14% | 20% | 14% | 10% | 12% | 15% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
-
Finanacial Results For Quarter And Half Year Ended September 30, 2025
14 Nov - Unaudited standalone and consolidated results for quarter and half-year ended Sep 30, 2025; Limited Review reports enclosed.
-
Board Meeting Outcome for For Approval Of Unaudited Financial Results And Other Matters
14 Nov - Board approved Q2/H1 Sep30,2025 results; sale of 28,320 sq.m Silvassa land for Rs.9,92,08,000 to promoter-group.
-
Board Meeting Intimation for Approval Of Financial Results
4 Nov - Board meeting on Nov 14, 2025 to approve Q2/H1 unaudited results for period ended Sep 30, 2025.
-
Reconstitution Of Committees
1 Nov - Modison reconstituted board committees effective Nov 1, 2025 after Ashok Jatia's tenure ended.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Mar 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
Jun 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Oct 2022TranscriptPPT
-
Aug 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Dec 2020TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Feb 2016TranscriptNotesPPT
-
Dec 2015TranscriptNotesPPT
Business Overview:[1]
Modison is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 accredited company. It has a technical collaboration with DODUCO KG, Pforzheim, Germany, and is one of the few companies globally manufacturing silver electrical contact materials and finished contacts for the Low, Medium, High & Extra High Voltage switchgear industries.