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Modison Metals Ltd. Stock Analysis

Small Cap
Evaluated by 248 users | BSE: 506261 | NSE: |
Electric Equipment
Modison Metals Ltd was founded in 1965 by Girdharilal Madanlal Modi, Rajkumar Mohanlal Modi and Sureshchandra Purshottamdas Modi.The company is an established manufacturer of electrical contacts made of silver and silver alloys for low, medium and high voltage switchgear industry. It makes...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.84%19.28%7.98%11.48%6.12%10.34%12.96%11.1%10.97%10.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 127163159184171168191201220219
Y-o-Y Gr. Rt.-28.1%-2.2%15.4%-6.6%-1.9%13.4%5.5%9.5%-0.5%
Adjusted EPS (Rs.) 4.854.981.983.471.523.24.54.224.544.9
Y-o-Y Gr. Rt.-2.7%-60.2%75.3%-56.2%110.5%40.6%-6.2%7.6%7.9%
Book Value per Share (Rs.) 22.5126.2827.1329.4229.8932.0435.1639.0142.345.15
Adjusted Net Profit 15.816.26.411.34.910.414.613.714.715.9
Net Op. Cash Flow (Rs. Cr.) 7.96.123.82.612.726.412.518.63.819.3
Debt to Cash Flow from Ops 1.053.54110.012.110.791.460.725.571.34
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Modison Metals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.3%5%4.8%-0.5%
Adjusted EPS 0.1%26.4%2.9%7.9%
Book Value per Share 88.68.76.7
Share Price -0.6% -2.2% -20.2% -5.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 23.2820.267.3612.215.1110.313.3511.3411.1411.17
Operating Profit Margin (%) 23.2219.7112.0613.889.9815.5316.4613.5213.4912.37
Net Profit Margin (%) 12.419.934.036.132.886.177.666.86.697.25
Debt to Equity 0.110.250.270.270.280.20.160.110.150.18
Working Capital Days 169176196160168166149168181203
Cash Conversion Cycle 111116130123142133122142153168
Entity Percentage Holding
Promoters 52.84%
Institutions 0.09%
Non-Institutions 47.06%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Modison Metals's performance infers:

Modison Metals earnings have grown by 26.4%, whereas share price has depreciated -2.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Modison Metals share prices over the last 10 years. Here is what we found out:

Modison Metals share price has depreciated 0.2% annually over the past ten years.

Modison Metals Ltd was founded in 1965 by Girdharilal Madanlal Modi, Rajkumar Mohanlal Modi and Sureshchandra Purshottamdas Modi.

The company is an established manufacturer of electrical contacts made of silver and silver alloys for low, medium and high voltage switchgear industry. It makes contacts like pure silver, silver copper, silver cadmium, silver cadmium oxide (by powder metallurgy and internal oxidation), silver nickel, silver graphite, silver tungsten, silver tungsten carbide

Modison Metals Ltd was founded in 1965 by Girdharilal Madanlal Modi, Rajkumar Mohanlal Modi and Sureshchandra Purshottamdas Modi.

The company is an established manufacturer of electrical contacts made of silver and silver alloys for low, medium and high voltage switchgear industry. It makes contacts like pure silver, silver copper, silver cadmium, silver cadmium oxide (by powder metallurgy and internal oxidation), silver nickel, silver graphite, silver tungsten, silver tungsten carbide etc. These contacts are manufactured in various forms and sizes as per customer s drawings and specifications.

Situated at Vapi in Gujarat, Modison Metals offers total solution for complete range of contact parts both for arcing and main current carrying contacts; for medium and high tension switchgears. Right from silver refining to producing all the semis like oxygen free copper, CuCr / Cu CrZr, Ag Alloys, extruded sections and profiles are carried out in house.

In addition, Modison Metals also has state-of-the-art Electron Beam Welding machines, VIM furnaces, CNC machining centres and Ag platting plant all under one roof, is an added competitive edge.

Modison has dedicated in house R&D for development of leading switchgear manufacturers all over the world.

Product range of the company includes:

LV Contacts

  • Silver Cadmium Oxide Contacts
  • Modurit 10ZH / 15ZH
  • Silver Graphite AgC 2-5
  • Silver Tungsten & Silver Tungsten Carbide Contacts
  • Button Contacts - Steel Back
  • Copper Tungsten
  • Precision Stamped Parts with AgNi Wire Welded and Formed Contacts
  • Stamped Parts of Silver Inlay, Overlay, Through Lay 
  • Brazed Contact 

Semis for LV / MV 

  • Silver Inlay / Overlay / Through Lay in Copper / Silver bearing Copper / Silver Bronze
  • Silver Bronze – Strips / Plates
  • Silver Bearing Copper
  • Oxygen Free Copper

Silver Targets : 4N for CD - R

  • HV Contact Parts for MV, HV, EHV (SF6) Circuit Breakers 

Articles Of Silver  

  • Sterling Silver Flatware  

Achievements/ recognition:

  • The company has been certified ISO 9001 - 2000 from   DNV.   

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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