Modison Ltd
Incorporated in 1975, Modison Ltd manufactures Electrical contacts in the LV, MV & HV segments[1]
- Market Cap ₹ 493 Cr.
- Current Price ₹ 152
- High / Low ₹ 211 / 108
- Stock P/E 18.1
- Book Value ₹ 66.8
- Dividend Yield 2.31 %
- ROCE 15.5 %
- ROE 12.1 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 37.7%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 171 | 168 | 191 | 201 | 219 | 292 | 340 | 335 | 405 | 490 | 508 | |
| 155 | 142 | 159 | 174 | 192 | 252 | 309 | 310 | 372 | 445 | 463 | |
| Operating Profit | 17 | 26 | 31 | 27 | 27 | 40 | 30 | 25 | 32 | 45 | 45 |
| OPM % | 10% | 16% | 16% | 14% | 12% | 14% | 9% | 7% | 8% | 9% | 9% |
| 0 | 1 | 0 | 4 | 0 | -2 | -2 | -1 | 6 | 2 | 8 | |
| Interest | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 7 |
| Depreciation | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 | 8 | 9 |
| Profit before tax | 7 | 17 | 22 | 24 | 19 | 30 | 20 | 15 | 29 | 34 | 38 |
| Tax % | 31% | 37% | 35% | 30% | 20% | 25% | 26% | 27% | 27% | 26% | |
| 5 | 11 | 14 | 16 | 15 | 22 | 15 | 11 | 21 | 25 | 28 | |
| EPS in Rs | 1.42 | 3.35 | 4.39 | 5.05 | 4.66 | 6.92 | 4.51 | 3.45 | 6.58 | 7.61 | 8.73 |
| Dividend Payout % | 53% | 30% | 23% | 30% | 21% | 22% | 22% | 29% | 38% | 46% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 13% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 35% |
| 3 Years: | 27% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 94 | 101 | 111 | 124 | 144 | 161 | 173 | 184 | 200 | 213 |
| 27 | 21 | 18 | 13 | 26 | 12 | 17 | 5 | 32 | 73 | |
| 23 | 19 | 19 | 22 | 18 | 26 | 21 | 29 | 36 | 30 | |
| Total Liabilities | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 |
| 57 | 61 | 60 | 60 | 58 | 62 | 70 | 69 | 79 | 92 | |
| CWIP | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 10 | 10 | 4 |
| Investments | -0 | -0 | -0 | 0 | 2 | 2 | 2 | 2 | 2 | -0 |
| 89 | 83 | 91 | 102 | 128 | 135 | 140 | 141 | 181 | 224 | |
| Total Assets | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 26 | 12 | 19 | 19 | 24 | 14 | 22 | 1 | -16 | |
| -6 | -11 | -3 | -8 | -15 | -4 | -11 | -13 | -20 | -9 | |
| -6 | -15 | -9 | -10 | -3 | -21 | 1 | -14 | 19 | 24 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | 1 | -1 | 4 | -4 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 63 | 75 | 76 | 75 | 75 | 62 | 58 | 60 | 64 |
| Inventory Days | 130 | 132 | 120 | 124 | 146 | 104 | 90 | 109 | 109 | 121 |
| Days Payable | 11 | 15 | 11 | 16 | 11 | 10 | 9 | 13 | 11 | 9 |
| Cash Conversion Cycle | 184 | 180 | 184 | 184 | 209 | 168 | 143 | 154 | 158 | 176 |
| Working Capital Days | 81 | 90 | 104 | 119 | 126 | 119 | 105 | 117 | 97 | 92 |
| ROCE % | 17% | 20% | 17% | 20% | 14% | 10% | 12% | 15% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 27 Oct
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Enclose Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for quarter ended September 30,2025
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Closure of Trading Window
25 Sep - Trading window closed from October 1, 2025 until 48 hours after unaudited Q2/H1 results declaration.
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Receipt Of Communication GST Authority
25 Sep - Deputy Commissioner demands Rs.11,67,229 for FY2021-22 GST discrepancies; company plans appeal.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Sep - Newspaper Advertisement- Issuance of Postal Ballot Notice & other related matter
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Mar 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Oct 2022TranscriptPPT
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Aug 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Dec 2020TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
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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.