Modison Ltd

Modison Ltd

₹ 130 -1.59%
28 May - 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 422 Cr.
  • Current Price 130
  • High / Low 159 / 67.6
  • Stock P/E 22.5
  • Book Value 60.1
  • Dividend Yield 0.77 %
  • ROCE 10.2 %
  • ROE 7.10 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.3%

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

Consolidated Figures in Rs. Crores / View Standalone

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
73.16 94.15 62.78 86.58 68.99 91.07 85.47 78.35 70.08 76.36 79.38 89.83 99.24
Operating Profit 10.99 11.16 6.60 9.04 5.14 8.88 4.18 1.79 7.40 11.07 6.67 7.32 8.53
OPM % 13.06% 10.60% 9.51% 9.45% 6.93% 8.88% 4.66% 2.23% 9.55% 12.66% 7.75% 7.53% 7.92%
-4.08 3.92 -2.05 0.50 0.55 -0.22 4.63 0.71 -7.89 1.50 2.57 2.33 -0.42
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 2.28 7.45 3.71 6.35 6.88 0.71 -2.63 10.39 7.44 7.58 5.56
Tax % 25.68% 23.36% 27.19% 26.44% 25.34% 25.51% 25.87% 35.21% 22.43% 26.18% 25.67% 25.99% 26.62%
3.54 9.67 1.66 5.48 2.77 4.73 5.09 0.46 -2.05 7.67 5.52 5.61 4.08
EPS in Rs 1.09 2.98 0.51 1.69 0.85 1.46 1.57 0.14 -0.63 2.36 1.70 1.73 1.26
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Upcoming result date: today

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 TTM
171 168 191 201 219 292 340 335 378
155 142 159 174 192 252 309 310 345
Operating Profit 17 26 31 27 27 40 30 25 34
OPM % 10% 16% 16% 14% 12% 14% 9% 7% 9%
0 1 0 4 0 -2 -2 -1 6
Interest 4 4 3 2 2 2 2 2 2
Depreciation 7 6 6 6 6 6 7 6 6
Profit before tax 7 17 22 24 19 30 20 15 31
Tax % 31% 37% 35% 30% 20% 25% 26% 27%
5 11 14 16 15 22 15 11 23
EPS in Rs 1.42 3.35 4.39 5.05 4.66 6.92 4.51 3.45 7.05
Dividend Payout % 53% 30% 23% 30% 21% 22% 22% 29%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 15%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: -9%
TTM: 34%
Stock Price CAGR
10 Years: 12%
5 Years: 22%
3 Years: 28%
1 Year: 90%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 7%

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 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3
Reserves 94 101 111 124 144 161 173 184 192
27 21 18 13 26 12 17 5 26
23 19 19 22 18 26 21 29 30
Total Liabilities 148 145 152 162 191 203 214 222 251
57 61 60 60 58 62 70 69 66
CWIP 2 1 1 1 3 3 3 10 17
Investments 0 0 0 0 2 2 2 2 2
89 83 91 102 128 135 140 141 166
Total Assets 148 145 152 162 191 203 214 222 251

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
13 26 12 19 19 24 14 22
-6 -11 -3 -8 -15 -4 -11 -13
-6 -15 -9 -10 -3 -21 1 -14
Net Cash Flow 0 -0 -0 0 1 -1 4 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 63 75 76 75 75 62 58
Inventory Days 130 132 120 124 146 104 90 109
Days Payable 11 15 11 16 11 10 9 13
Cash Conversion Cycle 184 180 184 184 209 168 143 154
Working Capital Days 136 135 139 141 169 134 124 122
ROCE % 17% 20% 17% 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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