Modison Ltd

Modison Ltd

₹ 146 -1.15%
18 Apr - close price
About

Incorporated in 1975, Modison Ltd manufactures Electrical contacts in the LV, MV & HV segments[1]

Key Points

Business Overview:[1]
Modison is an ISO 9001:2015, ISO 14001:2015, 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 Low, Medium, High & Extra High Voltage switchgear industry

  • Market Cap 473 Cr.
  • Current Price 146
  • High / Low 159 / 58.0
  • Stock P/E 25.2
  • Book Value 60.1
  • Dividend Yield 0.69 %
  • ROCE 10.2 %
  • ROE 7.09 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.4%

Cons

  • Company has a low return on equity of 10.8% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
84.15 105.31 69.38 95.62 74.13 99.95 89.65 80.14 77.48 87.43 86.05 97.15 107.77
73.15 94.15 62.79 86.58 68.98 91.06 85.47 78.34 70.08 76.36 79.39 89.83 99.23
Operating Profit 11.00 11.16 6.59 9.04 5.15 8.89 4.18 1.80 7.40 11.07 6.66 7.32 8.54
OPM % 13.07% 10.60% 9.50% 9.45% 6.95% 8.89% 4.66% 2.25% 9.55% 12.66% 7.74% 7.53% 7.92%
-4.09 3.92 -2.05 0.49 0.54 -0.23 4.63 0.70 -7.90 1.50 2.56 2.33 -0.43
Interest 0.60 0.85 0.75 0.48 0.35 0.46 0.36 0.22 0.56 0.58 0.32 0.59 0.98
Depreciation 1.56 1.60 1.52 1.61 1.63 1.85 1.57 1.57 1.58 1.60 1.48 1.48 1.57
Profit before tax 4.75 12.63 2.27 7.44 3.71 6.35 6.88 0.71 -2.64 10.39 7.42 7.58 5.56
Tax % 25.68% 23.36% 27.31% 26.48% 25.34% 25.67% 25.87% 35.21% 22.35% 26.18% 25.74% 25.99% 26.62%
3.53 9.67 1.66 5.47 2.77 4.72 5.10 0.46 -2.05 7.67 5.51 5.61 4.08
EPS in Rs 1.09 2.98 0.51 1.69 0.85 1.45 1.57 0.14 -0.63 2.36 1.70 1.73 1.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
163 159 184 171 168 191 201 220 219 292 340 335 378
131 140 158 155 142 159 174 191 192 252 309 310 345
Operating Profit 32 19 26 17 26 31 27 30 27 40 30 25 34
OPM % 20% 12% 14% 10% 16% 16% 14% 13% 12% 14% 9% 7% 9%
-0 0 2 0 1 0 4 4 0 -2 -2 -1 6
Interest 3 3 3 4 4 3 2 2 2 2 2 2 2
Depreciation 5 6 6 7 6 6 6 6 6 6 7 6 6
Profit before tax 24 10 18 7 17 22 24 24 19 30 20 15 31
Tax % 32% 36% 34% 31% 37% 35% 30% 32% 20% 25% 26% 27%
16 7 12 5 11 14 16 17 15 22 15 11 23
EPS in Rs 4.92 2.02 3.75 1.42 3.35 4.39 5.05 5.14 4.66 6.91 4.51 3.44 7.05
Dividend Payout % 20% 50% 33% 53% 30% 23% 30% 29% 22% 22% 22% 29%
Compounded Sales Growth
10 Years: 8%
5 Years: 11%
3 Years: 15%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: -2%
3 Years: -9%
TTM: 34%
Stock Price CAGR
10 Years: 15%
5 Years: 27%
3 Years: 47%
1 Year: 130%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 83 85 93 94 101 111 124 134 144 161 173 184 192
22 24 26 27 21 18 13 21 26 12 17 5 26
25 31 26 23 19 19 22 21 18 26 21 29 30
Total Liabilities 132 144 147 147 145 152 162 180 191 203 214 222 251
53 61 60 57 61 60 60 58 58 62 70 69 66
CWIP 1 1 1 2 1 1 1 1 3 3 3 10 17
Investments -0 -0 -0 0 0 0 0 -0 2 2 2 2 2
78 82 86 88 82 91 101 121 128 135 140 141 166
Total Assets 132 144 147 147 145 152 162 180 191 203 214 222 251

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 24 3 13 26 12 19 4 19 24 14 22
-14 -12 -6 -6 -11 -3 -8 -4 -15 -4 -11 -12
7 -4 -4 -6 -15 -9 -10 0 -3 -21 1 -14
Net Cash Flow -1 7 -7 0 -0 0 0 -1 1 -1 4 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 36 45 65 65 63 75 76 70 75 75 62 58
Inventory Days 166 145 122 130 132 120 124 154 146 104 90 109
Days Payable 9 9 8 11 15 11 14 11 11 10 9 13
Cash Conversion Cycle 193 181 179 184 180 184 185 214 209 168 143 154
Working Capital Days 108 96 120 136 135 139 141 163 169 134 124 122
ROCE % 29% 13% 18% 8% 17% 20% 17% 16% 14% 20% 14% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.69% 52.69% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11% 52.11%
0.00% 0.02% 0.21% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.00% 0.00%
47.31% 47.29% 47.67% 47.71% 47.89% 47.89% 47.90% 47.90% 47.88% 47.64% 47.88% 47.47%
No. of Shareholders 10,30019,73316,93816,92717,06516,85316,32715,73614,99614,63918,20519,040

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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