MODISON (MODISONLTD) had a P/E of 11.4× on 6 Nov 2026, below the industry P/E of 30.0×, and the shares are 35% below their 52-week high. Sales and net profit grew 29% and 87% a year over 3 years, with ROCE of 37% and ROE of 41%. Debt is 0.69× equity, and its dividend yield is 2.3%. It is a small-cap company with a market cap of ₹1,154 Cr, ranked 48th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 145% over the past year.
- ₹345.00
- ₹358.90
- ₹338.25
- ₹352.05
- 97.8K
Health check
- ReturnsAhead
+144.9% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 11.4 vs industry 30.0.
- GrowthStrong
Sales +28.5%, profit +86.5% a year over 3 years.
- ProfitabilityStrong
ROCE 37.0% vs peer median 22.1%.
- Balance sheetFair
Debt 0.69× equity, interest covered 15.1×.
- Red flags1 to check
35% below its 52-week high.
Small cap
High beta
Key metrics
- Market cap
- ₹1,154 Cr
- Small cap
- P/E
- 11.4
- Industry 30.0
- Price to book
- 3.58
- Peers 7.24
- Dividend yield
- 2.25%
- ROE
- 41.3%
- Peers 18.0%
- ROCE
- 37.0%
- Peers 22.1%
- Debt to equity
- 0.69
- Debt ₹222 Cr
- EPS (TTM)
- ₹31.29
- Face value ₹1
- OPM (TTM)
- 16.6%
- Net margin 11.5%
- Sales growth
- +101.6%
- Latest quarter vs a year ago
- Profit growth
- +603.7%
- Latest quarter vs a year ago
- Price to sales
- 1.18
- EV/EBITDA 7.9
Strengths and risks
Strengths
- Return on equity of 41.3%.
- Return on capital employed of 37.0%.
- Dividend yield of 2.25%.
- Quarterly profit up 603.7% on a year ago.
- Quarterly sales up 101.6% on a year ago.
Risks to check
- 35% below its 52-week high.
About MODISON
Modison Limited, together with its subsidiaries, manufactures and sells electrical contacts for low, medium, and high voltage switchgear industries in India and internationally. It provides low voltage electrical contacts, such as silver tin oxide; silver brazing alloy; silver, steel, ni, and cupro nickel backed contracts; fine silver powder and granules; solid and bimetal rivets; silver cadmium oxide; silver graphite; silver inlay, edge lay, overlay,…
- Headquarters
- Vapi
- Employees
- 288
- Sector
- Industrials
- ISIN
- INE737D01021
- Website
- modisonltd.com
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- plus 144.9%
- From 52-week high
- minus 34.9%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| MODISONLTDMODISON | 355.50 | plus 0.98% | 1,154 | 11.4 | – | – | 10.3% | 0.69 | – | plus 144.9% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 134 | 145 | 144 | 287 | 270 | |
| 126 | 127 | 125 | 234 | 220 | |
| 8.6 | 18.5 | 18.9 | 53.3 | 50.1 | |
| 6.4% | 12.7% | 13.2% | 18.5% | 18.5% | |
| 3.3 | 0.2 | 0.9 | 19.9 | 2.6 | |
| 2.1 | 1.6 | 2.1 | 2.9 | 4.3 | |
| 2.3 | 2.4 | 2.4 | 2.5 | 2.3 | |
| −1.1 | 1 | 11.7 | −19.9 | −0.3 | |
| 6.4 | 15.7 | 27.1 | 47.8 | 45.8 | |
| 25.1% | 25.6% | 25.8% | 24.7% | 26.2% | |
| 4.8 | 11.7 | 20.1 | 36 | 33.8 | |
| 1.48 | 3.59 | 6.18 | 11.09 | 10.43 |
Profit & loss
- Sales CAGR 3Y
- +28.5%
- Profit CAGR 3Y
- +86.5%
- EPS CAGR 3Y
- +86.6%
- ROE
- 41.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 334 | 404 | 489 | 710 | |
| – | +20.9% | +21.2% | +45.0% | |
| 309 | 371 | 444 | 590 | |
| 24.8 | 32.7 | 45 | 119 | |
| 7.4% | 8.1% | 9.2% | 16.8% | |
| 1 | −0.2 | 1.8 | 2.4 | |
| 1.3 | 2.5 | 5.4 | 7.9 | |
| 6.3 | 6.3 | 8 | 9.7 | |
| −2.8 | 5.4 | 0.2 | −7.1 | |
| 15.3 | 29.1 | 33.5 | 97 | |
| 27.1% | 26.7% | 26.4% | 25.2% | |
| 11.2 | 21.4 | 24.7 | 72.5 | |
| – | +91.1% | +15.5% | +193.9% | |
| 3.44 | 6.58 | 7.61 | 22.35 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.2 | 3.2 | 3.2 | 3.2 | |
| 184 | 200 | 213 | 271 | |
| 5 | 31.7 | 72.8 | 174 | |
| 29.4 | 36.1 | 29.9 | 53.6 | |
| 222 | 271 | 319 | 503 | |
| 75.8 | 89.4 | 96.1 | 100 | |
| 10.3 | 13.8 | 6.8 | 8.7 | |
| 1.8 | 1.6 | – | 1.2 | |
| 0.5 | 0.8 | 0.4 | 0.4 | |
| 133 | 166 | 216 | 392 | |
| 222 | 271 | 319 | 503 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.5 | 1 | −16.1 | −64.2 | |
| −12.6 | −20.3 | −8.6 | −15.4 | |
| −13.8 | 19.4 | 24.3 | 79.6 | |
| −3.8 | 0.1 | −0.4 | 0 | |
| −12.5 | −15.8 | −15.5 | −15.1 | |
| 10 | −14.9 | −31.6 | −79.3 | |
| – | −4.9 | −11.4 | −14.6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.