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Modison Ltd (MODISONLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506261 NSE: MODISONLTD Electric Equipment | Small Cap | Modison Share Price

₹362.25 17.25 (5.00%)

As on 05-Jun'26 16:59

Modison Ltd (MODISONLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506261 NSE: MODISONLTD Electric Equipment | Small Cap | Modison Share Price

₹362.25 17.25 (5.00%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,120 Cr.
Current Price
₹362.3
52-Week Low / High
₹114 / 362
TTM EPS
₹22.4
TTM Sales
₹710 Cr.
Book Value per Share
₹84.6
P/E Ratio
15.43
Lower than its 5-year historical median
Industry PE
56.3
Price to Book (P/B)
4.08
Higher than its 5-year historical median
Price to Sales (P/S)
1.58
Higher than its 5-year historical median
EV/EBITDA
10.46
Higher than its 5-year historical median
Dividend Yield
2.85%
Profitability Efficiency
Return on Equity (ROE)
11.77%
Outperforms industry median
Return on Capital Employed (ROCE)
15.09%
Outperforms industry median
Return on Assets (ROA)
8.36%
Operating Profit Margin
8.9%
Net Profit Margin
5.03%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.18%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
36.85%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.65%
Asset Quality
Promoter Holding
52.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹271 Cr.
Equity
₹3.3 Cr.
Face Value
₹1
All Time Low / High
₹0.42 / 345.00

Modison stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Modison Ltd a good quality company?
Modison Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Modison Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Modison Ltd vs industry peers?
Modison Ltd revenue CAGR is 17.46%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Modison Ltd?
Promoters hold 52.16% of the Modison Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Modison Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Modison Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.7%19.5%18.8%18%12.7%18.4%11.9%8.9%15%15.1%-
Value Creation
Index
0.20.40.30.3-0.10.3-0.2-0.40.10.1-

Growth Parameters

Sales 168191201220219292340335405490710
Sales YoY Gr.-13.4%5.5%9.5%-0.5%33.2%16.2%-1.4%20.9%21.2%-
Adj EPS 3.24.54.24.54.97.65.13.85.57.522.4
YoY Gr.-40.6%-6.2%7.6%7.9%54.7%-33.3%-25.5%45.9%37.1%-
BVPS (₹) 3235.23942.345.250.654.157.562.666.684.6
Adj Net
Profit
10.414.613.714.715.924.616.412.317.924.573
Cash Flow from Ops. 26.412.518.63.819.323.814.422.51.2-16.1-
Debt/CF from Ops. 0.81.50.75.61.30.51.20.225.6-4.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.6%17.5%13%21.2%
Adj EPS 10%9%14.2%37.1%
BVPS8.5%8.1%7.2%6.5%
Share Price 21.2% 42.4% 72.1% 123.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.313.411.311.111.215.89.76.89.111.729.6
Op. Profit
Mgn %
15.516.513.513.512.413.797.38.1916.5
Net Profit
Mgn %
6.27.76.86.77.38.44.83.74.4510.2
Debt to
Equity
0.20.20.10.20.20.10.100.20.30
Working Cap
Days
16614916818120316314515014415070
Cash Conv.
Cycle
13312214215316813312313012313234

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales168191201220219292340335405490
Operating Expenses + 142159174191192252309310373446
Manufacturing Costs14151616171618192325
Material Costs111127139153152211266263320386
Employee Cost 11121314161719202125
Other Costs 66677877810
Operating Profit 26312730274030253244
Operating Profit Margin (%) 15.5%16.5%13.5%13.4%12.4%13.7%9.0%7.3%7.9%8.9%
Other Income + 1121322115
Exceptional Items 0-033-3-4-4-36-1
Interest 4322222236
Depreciation 6666667668
Profit Before Tax 17222424193020152934
Tax 6878475489
Profit After Tax 11141617152215112125
PAT Margin (%) 6.5%7.5%8.2%7.6%6.9%7.7%4.3%3.3%5.3%5.0%
Adjusted EPS (₹)3.44.45.15.14.76.94.53.46.67.6
Dividend Payout Ratio (%)29.80%22.80%29.70%29.20%21.50%21.70%22.20%29%38%46%

Valuation of Modison - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 104114127138147165176187203217
Share Capital 3333333333
Reserves 101111124134144161173184200213
Debt +2118132125121753272
Long Term Debt0010000002
Short Term Debt2118122025121753270
Minority Interest0000000000
Trade Payables546456791010
Others Liabilities 15161717142114202621
Total Liabilities 145152162180191203214222271319

Fixed Assets

Net Fixed Assets +61585856566067657689
Gross Block1186470758090103107123145
Accumulated Depreciation5761218243036424755
CWIP 111133310104
Investments 0222422220
Inventories404247656160657996127
Trade Receivables29394242456058536686
Cash Equivalents 2222304111
Others Assets 1281012201715122012
Total Assets 145152162180191203214222271319

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2612194192414221-16
PBT 17222424193020152934
Adjustment 9878910811611
Changes in Working Capital 6-10-6-21-2-9-70-26-53
Tax Paid -5-8-6-8-6-7-7-5-8-8
Cash Flow From Investing Activity + -11-3-8-4-15-4-11-12-21-9
Capex -10-3-8-4-14-5-11-12-16-15
Net Investments -2-10-0-11-00-02
Others 00000000-55
Cash Flow From Financing Activity + -15-9-100-3-211-141924
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1000000000
Interest Paid -3-2-1-2-2-2-2-1-2-5
Dividend Paid -7-4-4-6-6-5-30-5-11
Others -5-3-585-146-122741
Net Cash Flow -000-11-14-40-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.8313.0813.6312.6510.6514.448.616.1710.9511.77
ROCE (%)16.7119.5118.817.9812.7218.3711.98.9115.0215.09
Asset Turnover Ratio1.261.41.311.291.181.491.631.541.641.66
PAT to CFO Conversion(x)2.360.861.190.241.271.090.9320.05-0.64
Working Capital Days
Receivable Days59.1059.8072.2069.7072.6065.6063.4060.4053.7056.70
Inventory Days84.5071.7078.9092.60104.3075.3067.4078.5078.8083.20
Payable Days13.7011.9012.2011.80119.208.601110.909.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Modison Ltd FAQs

The current trading price of Modison on 05-Jun-2026 16:59 is ₹362.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Modison stood at ₹1,119.5 Cr

The latest P/E ratio of Modison as of 04-Jun-2026 is 15.43.

The latest P/B ratio of Modison as of 04-Jun-2026 is 4.08.

The 52-week high of Modison is ₹362.2 and the 52-week low is ₹114.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Modison is ₹710 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Modison Ltd is a good quality company.

The key valuation ratios of Modison Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Modison Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Modison 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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