Modison Metals Ltd Stock Analysis

BSE: 506261 | NSE: MODISNME | Electric Equipment | Small Cap

BSE Share Price Jan 20, 12:33
90.50 0.55 (0.61%)

DeciZen - Make an Informed Decision on Modison Metals

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

10 Year X-Ray of Modison Metals:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 19.3%8%11.5%6.1%10.3%13%11.1%11%10.5%15%-
Value Creation Index 0.4-0.4-0.2-0.6-0.3-0.1-0.2-0.2-0.30.1-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 163159184171168191201220219292354
YoY Gr. Rt. %--2.2%15.4%-6.6%-1.9%13.4%5.5%9.5%-0.5%33.2%-
Adj EPS 523.51.53.24.54.24.54.97.66.3
YoY Gr. Rt. %--60.2%75.3%-56.2%110.5%40.6%-6.2%7.6%7.9%54.7%-
BVPS (₹) 26.327.129.429.93235.23942.345.250.652.8
Adj Net Profit 16.26.411.34.910.414.613.714.715.924.620
Cash Flow from Ops. 6.123.82.612.726.412.518.63.819.323.8-
Debt/CF from Ops. 3.51102.10.81.50.75.61.30.5-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 6.7%11.7%13.2%33.2%
Adj EPS 4.8%18.8%21.6%54.7%
BVPS 7.69.69.112.1
Share Price 9.8% 9% 25% 69%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 20.37.412.25.110.313.411.311.111.215.812.1
Op. Profit Mgn % 19.712.113.91015.516.513.513.512.413.710.6
Net Profit Mgn % 9.946.12.96.27.76.86.77.38.45.7
Debt to Equity 0.30.30.30.30.20.20.10.20.20.10
Working Cap Days 176196160168166149168181203163123
Cash Conv. Cycle 11613012314213312214215316813391

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.24%

Net Profit is growing at healthy rate in last 3 years 21.56%

Sales growth is good in last 4 quarters at 67.31%

Return on Equity has declined versus last 3 years average to 12.10%

Latest Financials - Modison Metals Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 6.3
TTM Sales (₹ Cr.) 354 354
BVPS (₹.) 52.8 52.8
Reserves (₹ Cr.) 168 168
P/BV 1.70 1.71
PE 14.36 14.38
From the Market
52 Week Low / High (₹) 43.20 / 104.70
All Time Low / High (₹) 0.42 / 104.70
Market Cap (₹ Cr.) 292
Equity (₹ Cr.) 3.3
Face Value (₹) 1
Industry PE 65.1

Management X-Ray of Modison Metals :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Modison Metals Ltd

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.   

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