Modison Ltd
Incorporated in 1975, Modison Ltd manufactures Electrical contacts in the LV, MV & HV segments[1]
- Market Cap ₹ 1,620 Cr.
- Current Price ₹ 499
- High / Low ₹ 555 / 114
- Stock P/E 13.8
- Book Value ₹ 99.3
- Dividend Yield 1.10 %
- ROCE 31.0 %
- ROE 32.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 25.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.3%
Cons
- Company might be capitalizing the interest cost
* 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
Part of BSE Industrials
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 171 | 168 | 191 | 201 | 219 | 292 | 340 | 335 | 405 | 490 | 710 | 981 | |
| 155 | 142 | 159 | 174 | 192 | 252 | 309 | 310 | 372 | 445 | 592 | 809 | |
| Operating Profit | 17 | 26 | 31 | 27 | 27 | 40 | 30 | 25 | 32 | 45 | 118 | 172 |
| OPM % | 10% | 16% | 16% | 14% | 12% | 14% | 9% | 7% | 8% | 9% | 17% | 17% |
| 0 | 1 | 0 | 4 | 0 | -2 | -2 | -1 | 6 | 2 | -3 | 4 | |
| Interest | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 9 | 14 |
| Depreciation | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 | 8 | 10 | 10 |
| Profit before tax | 7 | 17 | 22 | 24 | 19 | 30 | 20 | 15 | 29 | 34 | 97 | 152 |
| Tax % | 31% | 37% | 35% | 30% | 20% | 25% | 26% | 27% | 27% | 26% | 25% | |
| 5 | 11 | 14 | 16 | 15 | 22 | 15 | 11 | 21 | 25 | 73 | 113 | |
| EPS in Rs | 1.42 | 3.35 | 4.39 | 5.05 | 4.66 | 6.92 | 4.51 | 3.45 | 6.58 | 7.61 | 22.35 | 34.88 |
| Dividend Payout % | 53% | 30% | 23% | 30% | 21% | 22% | 22% | 29% | 38% | 46% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 19% |
| 3 Years: | 29% |
| TTM: | 85% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 26% |
| 3 Years: | 83% |
| TTM: | 269% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 47% |
| 3 Years: | 83% |
| 1 Year: | 220% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 19% |
| Last Year: | 32% |
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 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 94 | 101 | 111 | 124 | 144 | 161 | 173 | 184 | 200 | 213 | 271 | 319 |
| 27 | 21 | 18 | 13 | 26 | 12 | 17 | 5 | 32 | 73 | 174 | 222 | |
| 23 | 19 | 19 | 22 | 18 | 26 | 21 | 29 | 36 | 30 | 54 | 58 | |
| Total Liabilities | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 | 503 | 602 |
| 57 | 61 | 60 | 60 | 58 | 62 | 70 | 69 | 79 | 92 | 94 | 86 | |
| CWIP | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 10 | 10 | 4 | 3 | 7 |
| Investments | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 3 |
| 89 | 83 | 91 | 102 | 128 | 135 | 140 | 141 | 181 | 224 | 405 | 506 | |
| Total Assets | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 | 503 | 602 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 26 | 12 | 19 | 19 | 24 | 14 | 22 | -4 | -16 | -64 | |
| -6 | -11 | -3 | -8 | -15 | -4 | -11 | -13 | -15 | -9 | -15 | |
| -6 | -15 | -9 | -10 | -3 | -21 | 1 | -14 | 19 | 24 | 80 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | 1 | -1 | 4 | -4 | 0 | -0 | 0 |
| Free Cash Flow | 6 | 17 | 9 | 11 | 5 | 18 | 3 | 10 | -20 | -32 | -79 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 93% | 121% | 66% | 91% | 94% | 77% | 69% | 110% | 12% | -18% | -36% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 65 | 63 | 75 | 76 | 75 | 75 | 62 | 58 | 60 | 64 | 82 |
| Inventory Days | 130 | 132 | 120 | 124 | 146 | 104 | 90 | 109 | 109 | 121 | 152 |
| Days Payable | 11 | 15 | 11 | 16 | 11 | 10 | 9 | 13 | 11 | 9 | 11 |
| Cash Conversion Cycle | 184 | 180 | 184 | 184 | 209 | 168 | 143 | 154 | 158 | 176 | 223 |
| Working Capital Days | 81 | 90 | 104 | 119 | 126 | 119 | 105 | 117 | 97 | 92 | 91 |
| ROCE % | 17% | 20% | 17% | 20% | 14% | 10% | 12% | 15% | 31% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export revenue share % of total revenue ・Standalone data |
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| HV segment revenue share % of total revenue ・Standalone data |
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| Top 5 customer concentration % of total sales ・Standalone data |
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| Permanent employees count ・Standalone data |
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| Silver volume dispatched tonnes ・Standalone data |
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| Unexecuted order book Rs Crore ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Corporate Action-Board approves Dividend
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Board Meeting Outcome for OUTCOME OF BOARD MEETING
- Board approved Q2 FY27 results and declared Rs.4 interim dividend; record date October 23, 2026.
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Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended September 30, 2026 And To Consider The Recommendation Of Dividend, If Any
- Board meeting on October 16, 2026 to approve Q2/H1 FY27 results and consider dividend.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Ms. Pooja Birendra Sinha resigned as Company Secretary and Compliance Officer, effective October 1, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- RTA confirms Regulation 74(5) compliance for quarter ended September 30, 2026; no dematerialisation cases reported.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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.