MODISON LIMITED
NSE: MODISONLTDOther Electrical EquipmentASM stage 4Trade-to-trade true
Share price
₹464.40
-4.99% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
66
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,393 Cr
P/E ratio
13.0
P/B ratio
5.5
ROCE
31.0%
ROE
32.2%
Dividend yield
1.2%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 66.7% over the past year, and 18.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 7.5% to 17.3% over the last four years.
Whether it grew faster than its sector
It grew 18.3% a year against a sector median of 10.6% — 7.6 percentage points faster.
Room to re-rate, or risk of de-rating
At 13.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 59.1×, across 5 companies. It is against its own five-year median of 16.8×, the 34th percentile of its own range.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 83%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| MODISON LIMITED — this one | 83%/yr | 13.0× | ₹0.16 |
| Apar Industries Limited | 16%/yr | 59.1× | ₹3.7 |
| Waaree Energies Limited | 99%/yr | 16.6× | ₹0.17 |
| Premier Energies Limited | 365%/yr | 23.9× | — |
| Mtar Technologies Limited | -2%/yr | 180.2× | — |
| Diamond Power Infrastructure Limited | — | 113.0× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Electrical Equipment), it ranks 10 of 34 on returns, 15 of 30 on growth, 12 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 31% on capital, ahead of 71% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹48 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹17 crore to ₹174 crore. But only about 29 of every 100 rupees of profit it reported over 11 years arrived as cash — the rest is tied up. Its cash comes back faster than it used to: it went from being waiting 105 days for its cash to waiting 91 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 13 Aug 2026 · Consolidated · Unaudited
Revenue
₹270 Cr
Revenue vs last year
+101.8%
Revenue vs last quarter
-5.8%
Net profit
₹34 Cr
Profit vs last year
+576.9%
Profit vs last quarter
-6.0%
Net margin
12.5%
EPS
₹10.43
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,393 Cr
- Prev close
- ₹464.40
- 52w High
- ₹546
- 52w Low
- ₹114
- Enterprise value
- ₹1,566 Cr
- Beta
- 1.3
- Price CAGR 1y
- 208.0%
- Price CAGR 3y
- 85.0%
- Price CAGR 5y
- 46.0%
- Price CAGR 10y
- 26.0%
Ratios
- Return on assets
- 14.5%
- PEG ratio
- 0.2
- P/E ratio
- 13.0
- P/B ratio
- 5.5
- EV / EBITDA
- 9.9
- Industry P/E
- 30.9
- ROCE
- 31.0%
- ROCE 5y average
- 16.4%
- ROE
- 32.2%
- Debt / Equity
- 0.6
- Interest coverage
- 11.8
- Dividend yield
- 1.2%
- ROE 3y average
- 19.0%
- ROE last year
- 32.0%
Annual P&L
- Annual revenue
- ₹710 Cr
- Annual profit
- ₹73 Cr
- Operating margin
- 17.0%
- Net profit margin
- 10.3%
- EBITDA margin
- 16.6%
- Sales growth 3y
- 28.5%
- Sales growth 5y
- 19.4%
- Profit growth 3y
- 83.0%
- Profit growth 5y
- 26.0%
- EPS
- ₹22.4
- Sales growth TTM
- 67.0%
- Profit growth TTM
- 295.0%
- Dividend payout
- 25.0%
Quarter P&L
- Sales latest quarter
- ₹270 Cr
- Profit latest quarter
- ₹34 Cr
- YoY quarterly sales growth
- 101.6%
- YoY quarterly profit growth
- 580.0%
- OPM latest quarter
- 18.5%
Balance Sheet
- Book Value
- ₹91.3
- Face Value
- ₹1.0
- Total debt
- ₹174 Cr
- Total cash
- ₹1 Cr
- Borrowings
- ₹174 Cr
- Reserves / Equity
- 90.3
Cash Flow
- Operating cash flow
- -₹64 Cr
- Free cash flow
- -₹79 Cr
- FCF yield
- -6.3%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 52.2%
- FII holding
- 0.9%
- DII holding
- 0.0%
- Public holding
- 46.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Apar Inds. | 17,773.35 | 61.7 | 74,421 | 0.33 | 467.5 | 77.8 | 6,591.1 | 29.1 | 31.8 |
| Waaree Energies | 2,345.85 | 16.8 | 67,479 | 0.17 | 891.9 | 14.1 | 7,931.8 | 79.2 | 38.5 |
| Premier Energies | 900.00 | 24.5 | 40,856 | 0.11 | 471.9 | 50.5 | 2,462.6 | 35.3 | 32.7 |
| MTAR Technologie | 7,650.10 | 171.4 | 23,531 | 0.00 | 50.5 | 349.7 | 360.7 | 130.4 | 15.2 |
| Diamond Power | 361.75 | 116.6 | 21,635 | 0.00 | 57.1 | 197.8 | 707.3 | 133.0 | 10.4 |
| Emmvee Photovol. | 307.00 | 16.7 | 21,255 | 0.33 | 380.3 | 102.6 | 1,555.5 | 51.3 | 44.6 |
| Avalon Tech | 2,325.00 | 116.4 | 15,550 | 0.00 | 34.9 | 145.4 | 484.4 | 49.8 | 19.3 |
| Modison | 473.00 | 14.3 | 1,535 | 1.16 | 33.8 | 506.8 | 270.5 | 101.6 | 31.0 |
| Median | 297.40 | 30.6 | 756 | 0.00 | 8.1 | 29.5 | 135.6 | 32.0 | 21.5 |
Competes with: Apar Industries Limited, Avalon Technologies Limited, Diamond Power Infrastructure Limited, Emmvee Photovoltaic Power Limited, Fujiyama Power Systems Limited, Genus Power Infrastructures Limited, Mtar Technologies Limited, Premier Energies Limited, Vikram Solar Limited, Waaree Energies Limited, Waaree Renewable Technologies Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 86 | 97 | 108 | 114 | 116 | 122 | 121 | 130 | 134 | 145 | 144 | 287 | 270 |
| Expenses | 79 | 90 | 99 | 104 | 108 | 112 | 110 | 115 | 126 | 127 | 125 | 216 | 220 |
| Material Cost | 100 | 110 | 131 | 141 | 237 | 246 | |||||||
| Change in Inventories | -0.23 | 0.38 | -19 | -32 | -39 | -42 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 6.36 | 6.48 | 6.49 | 7.28 | 6.94 | 6.78 | |||||||
| Other Expenses | 8.84 | 8.57 | 8.78 | 8.72 | 11 | 8.84 | |||||||
| Operating Profit | 7 | 7 | 9 | 9 | 8 | 10 | 11 | 15 | 9 | 18 | 19 | 71 | 50 |
| OPM % | 7.75 | 7.53 | 7.92 | 8.31 | 6.97 | 8.29 | 9.22 | 12 | 6.38 | 13 | 13 | 25 | 19 |
| Other Income | 3 | 2 | -0 | 2 | -4 | 4 | 0 | 2 | 2 | 1 | 13 | -18 | 2 |
| Exceptional items (within Other Income) | 0.21 | -1.12 | 1.03 | 12 | -20 | -0.28 | |||||||
| Interest | 0 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 4 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 7 | 8 | 6 | 9 | 2 | 11 | 8 | 13 | 6 | 16 | 27 | 48 | 46 |
| Tax % | 26 | 26 | 27 | 28 | 32 | 25 | 26 | 27 | 25 | 26 | 26 | 25 | 26 |
| Net Profit | 6 | 6 | 4 | 6 | 1 | 8 | 6 | 10 | 5 | 12 | 20 | 36 | 34 |
| EPS in Rs | 1.70 | 1.73 | 1.26 | 1.90 | 0.35 | 2.52 | 1.79 | 2.94 | 1.48 | 3.59 | 6.18 | 11 | 10 |
| Diluted EPS in Rs | 2.94 | 1.48 | 3.59 | 6.18 | 11 | 10 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 171 | 168 | 191 | 201 | 219 | 292 | 340 | 335 | 405 | 490 | 710 | 847 |
| Expenses | 155 | 142 | 159 | 174 | 192 | 252 | 309 | 310 | 372 | 445 | 592 | 688 |
| Material Cost | 411 | 619 | ||||||||||
| Change in Inventories | -25 | -90 | ||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | ||||||||||
| Employee Cost | 25 | 27 | ||||||||||
| Other Expenses | 34 | 36 | ||||||||||
| Operating Profit | 17 | 26 | 31 | 27 | 27 | 40 | 30 | 25 | 32 | 45 | 118 | 159 |
| OPM % | 10 | 16 | 16 | 14 | 12 | 14 | 9 | 7 | 8 | 9 | 17 | 19 |
| Other Income | 0 | 1 | 0 | 4 | 0 | -2 | -2 | -1 | 6 | 2 | -3 | -2 |
| Exceptional items (within Other Income) | -1.08 | -8.31 | ||||||||||
| Interest | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 9 | 11 |
| 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 | 136 |
| Tax % | 31 | 37 | 35 | 30 | 20 | 25 | 26 | 27 | 27 | 26 | 25 | |
| Net Profit | 5 | 11 | 14 | 16 | 15 | 22 | 15 | 11 | 21 | 25 | 73 | 102 |
| EPS in Rs | 1.42 | 3.35 | 4.39 | 5.05 | 4.66 | 6.92 | 4.51 | 3.45 | 6.58 | 7.61 | 22 | 31 |
| Diluted EPS in Rs | 7.61 | 22 | ||||||||||
| Dividend Payout % | 53 | 30 | 23 | 30 | 21 | 22 | 22 | 29 | 38 | 46 | 25 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 15%
- 5 years
- 19%
- 3 years
- 28%
- TTM
- 67%
Compounded profit growth
- 10 years
- 22%
- 5 years
- 26%
- 3 years
- 83%
- TTM
- 295%
Stock price CAGR
- 10 years
- 26%
- 5 years
- 46%
- 3 years
- 85%
- 1 year
- 208%
Return on equity
- 10 years
- —
- 5 years
- 15%
- 3 years
- 19%
- Last year
- 32%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3.25 | 3.25 |
| Reserves | 94 | 101 | 111 | 124 | 144 | 161 | 173 | 184 | 200 | 213 | 271 |
| Borrowings | 27 | 21 | 18 | 13 | 26 | 12 | 17 | 5 | 32 | 73 | 174 |
| Other Liabilities | 23 | 19 | 19 | 22 | 18 | 26 | 21 | 29 | 36 | 30 | 54 |
| Total Liabilities | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 | 503 |
| Fixed Assets | 57 | 61 | 60 | 60 | 58 | 62 | 70 | 69 | 79 | 92 | 94 |
| CWIP | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 10 | 10 | 4 | 3 |
| Investments | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 |
| Other Assets | 89 | 83 | 91 | 102 | 128 | 135 | 140 | 141 | 181 | 224 | 405 |
| Total Assets | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 | 271 | 319 | 503 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 13 | 26 | 12 | 19 | 19 | 24 | 14 | 22 | -4 | -16 | -64 |
| Cash from Investing Activity | -6 | -11 | -3 | -8 | -15 | -4 | -11 | -13 | -15 | -9 | -15 |
| Cash from Financing Activity | -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 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | 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 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
exports as % of revenue
20.00
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
173inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about MODISON LIMITED. Open one to see why it matters.
1 Oct, 20:00 IST · Company event · medium impact
MODISON LIMITED — Resignation of Ms. Pooja Birendra Sinha as Company Secretary & Compliance Officer of the company w.e.f. October 01, 2026.
4 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in MODISON LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company.
4 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in MODISON LIMITED. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.
4 Sept, 18:05 IST · Company event · medium impact
CG Power and Industrial Solutions Limited is adding manufacturing capacity
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Apar Industries Limited
- Avalon Technologies Limited
- Diamond Power Infrastructure Limited
- Emmvee Photovoltaic Power Limited
- Fujiyama Power Systems Limited
- Genus Power Infrastructures Limited
- Mtar Technologies Limited
- Premier Energies Limited
- Vikram Solar Limited
- Waaree Energies Limited
- Waaree Renewable Technologies Limited
Uses as raw material
- Copper and copper alloys (silver-copper contact strips)
- Silver (Ag) — for silver electrical contact materials and silver flatware
- Specialty metals and alloys (nickel, graphite composites for contact materials)
- Tungsten / tungsten-carbide (for HV arcing contacts)
Depends on the price of
- copper
- silver
Sells to
- ABB India · silver electrical contacts for LV/MV/HV switchgear
- Alstom · silver electrical contacts for HV switchgear
- Anchor by Panasonic · silver electrical contacts for LV switchgear/wiring devices
- Bharat Heavy Electricals · silver electrical contacts / silver-bearing copper strips for HV switchgear
- CG Power and Industrial Solutions Limited · silver electrical contacts for MV/HV switchgear
- Clariant · silver salt / silver compound (export order, concall-named)
- Eaton · silver electrical contacts for switchgear
- Exide Industries Limited · contact components for battery segment (concall-named)
- GE Vernova T&D India Limited · silver contacts for HV/GIS switchgear (ex-AREVA GIS lone-supplier approval)
- HBL Engineering Limited · contact components for battery segment (concall-named 'HBL')
- Havells India · silver electrical contacts for LV switchgear
- Hitachi Energy India Limited · silver electrical contacts for HV/GIS switchgear (listed as 'Hitachi' in HV customer list)
- Hyosung Heavy Industries · silver electrical contacts for switchgear
- Medha Servo Drives · electrical contacts for railway/electrical applications (unlisted)
- Mitsubishi Electric · silver electrical contacts for HV switchgear
- Rolls Royce Power Systems · electrical contacts for power/engineering applications
- Schneider Electric Infrastructure Limited · silver electrical contacts for LV/MV switchgear (Schneider absorbed L&T E&A switchgear bus…
- Siemens India · silver electrical contacts / contact materials for LV/MV/HV switchgear
- Toshiba · silver electrical contacts for MV/HV switchgear
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Other Electrical Equipment
- Classification
- Capital Goods › Other Electrical Equipment
- ISIN
- INE737D01021
Plants
- Modison Copper Pvt. Ltd. Works · Silvassa, Dadra and Nagar Haveli and Daman and Diu
- Modison HV Contacts Factory
- Modison Vapi Plant (electrical contacts LV/MV)
News impact
Big market events that reach MODISON LIMITED, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 14 Jul 2026 | unspecified | ₹3 |
|---|---|---|
| 8 Dec 2025 | interim | ₹2.5 |
| 2 Sep 2025 | unspecified | ₹2 |
| 21 Feb 2025 | interim | ₹1.5 |
| 23 Jul 2024 | unspecified | ₹2 |
| 23 Feb 2024 | interim | ₹0.5 |
| 17 Jul 2023 | unspecified | ₹1 |
| 23 Feb 2022 | interim | ₹1 |
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2629 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.