MODISONLTD

MODISON LIMITED

Electrical equipment and industrial services provider is not correct as per rules

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

modison.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹499.25
Market cap
1,620 Cr
Stock P/E
14.3
P/B
5.03
Dividend yield
0.9%
ROE (FY26)
26.4%
ROCE (FY26)
23.5%
Operating margin (FY26)
15.2%
Debt / equity (FY26)
0.64
OCF / EBITDA (FY26)
-54.4%
OCF / EBITDA (3Y)
-43.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Modison manufactures electrical contacts, the single business segment of its group, at its works in Vapi, Gujarat.

Company snapshot

18thBy market cap

Ranked among 32 companies in Other Electrical Equipment.

What we see

Positives
  • ✓Interest coverage of 12.4x — earnings comfortably cover interest obligations.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales108 Cr114 Cr116 Cr122 Cr121 Cr130 Cr134 Cr145 Cr144 Cr287 Cr270 Cr279 Cr
Operating expenses (approx.)99 Cr104 Cr108 Cr112 Cr110 Cr115 Cr126 Cr127 Cr125 Cr216 Cr220 Cr248 Cr
EBITDA9 Cr9 Cr8 Cr10 Cr11 Cr15 Cr9 Cr18 Cr19 Cr71 Cr50 Cr31 Cr
OPM %7.9%8.3%7.0%8.3%9.2%11.8%6.4%12.7%13.2%24.8%18.5%11.1%
Other income0.09 Cr0.41 Cr0.24 Cr2 Cr0.14 Cr2 Cr3 Cr0.23 Cr0.93 Cr2 Cr3 Cr3 Cr
Interest0.98 Cr0.93 Cr1 Cr2 Cr1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr4 Cr5 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr
Profit before tax6 Cr9 Cr2 Cr11 Cr8 Cr13 Cr6 Cr16 Cr27 Cr48 Cr46 Cr31 Cr
Tax %26.7%28.1%31.7%25.3%26.0%26.9%25.1%25.6%25.8%24.7%26.2%24.4%
Net profit4 Cr6 Cr1 Cr8 Cr6 Cr10 Cr5 Cr12 Cr20 Cr36 Cr34 Cr23 Cr
EPS (₹)₹1.26₹1.90₹0.35₹2.53₹1.79₹2.94₹1.48₹3.59₹6.18₹11.09₹10.43₹7.18

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales208 Cr205 Cr219 Cr292 Cr340 Cr335 Cr405 Cr490 Cr710 CrSign in free for the trailing twelve months
Operating expenses (approx.)177 Cr178 Cr192 Cr252 Cr309 Cr310 Cr373 Cr445 Cr592 CrSign in free for the trailing twelve months
EBITDA31 Cr27 Cr27 Cr40 Cr30 Cr24 Cr32 Cr45 Cr118 CrSign in free for the trailing twelve months
OPM %14.9%13.2%12.3%13.7%8.9%7.3%7.9%9.2%16.6%Sign in free for the trailing twelve months
Other income0.62 Cr2 Cr3 Cr2 Cr2 Cr2 Cr0.70 Cr3 Cr6 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr6 Cr9 CrSign in free for the trailing twelve months
Depreciation6 Cr6 Cr6 Cr6 Cr7 Cr6 Cr6 Cr8 Cr10 CrSign in free for the trailing twelve months
Profit before tax22 Cr24 Cr19 Cr30 Cr20 Cr15 Cr29 Cr34 Cr97 CrSign in free for the trailing twelve months
Tax %35.4%30.2%19.8%24.7%26.1%27.1%26.7%26.4%25.2%Sign in free for the trailing twelve months
Net profit14 Cr16 Cr15 Cr22 Cr15 Cr11 Cr21 Cr25 Cr73 CrSign in free for the trailing twelve months
EPS (₹)₹4.40₹5.05₹4.66₹6.91₹4.51₹3.44₹6.58₹7.61₹22.35Sign in free for the trailing twelve months
Dividend payout %———21.7%22.1%11.9%22.8%46.0%20.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Reserves111 Cr124 Cr144 Cr161 Cr173 Cr184 Cr200 Cr213 Cr271 Cr
Borrowings18 Cr13 Cr25 Cr12 Cr17 Cr5 Cr32 Cr73 Cr174 Cr
Other liabilities19 Cr22 Cr18 Cr26 Cr21 Cr29 Cr36 Cr30 Cr54 Cr
Total liabilities152 Cr162 Cr191 Cr203 Cr214 Cr222 Cr271 Cr319 Cr503 Cr
Fixed assets (net)58 Cr57 Cr56 Cr60 Cr66 Cr65 Cr76 Cr89 Cr91 Cr
CWIP0.78 Cr0.75 Cr3 Cr3 Cr3 Cr10 Cr10 Cr3 Cr3 Cr
Investments—0.18 Cr4 Cr4 Cr5 Cr5 Cr5 Cr3 Cr3 Cr
Inventories42 Cr47 Cr61 Cr60 Cr65 Cr79 Cr96 Cr127 Cr220 Cr
Trade receivables39 Cr42 Cr45 Cr60 Cr58 Cr53 Cr66 Cr86 Cr160 Cr
Cash & bank0.22 Cr0.71 Cr1 Cr0.21 Cr4 Cr0.48 Cr0.57 Cr0.14 Cr0.14 Cr
Other assets12 Cr14 Cr22 Cr15 Cr12 Cr9 Cr18 Cr10 Cr25 Cr
Total assets152 Cr162 Cr191 Cr203 Cr214 Cr222 Cr271 Cr319 Cr503 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr19 Cr19 Cr24 Cr14 Cr22 Cr-4 Cr-16 Cr-64 Cr
Cash from investing-3 Cr-8 Cr-15 Cr-4 Cr-11 Cr-13 Cr-15 Cr-9 Cr-15 Cr
Cash from financing-9 Cr-10 Cr-3 Cr-21 Cr0.66 Cr-14 Cr19 Cr24 Cr80 Cr
Net cash flow-0.08 Cr0.49 Cr1 Cr-0.98 Cr4 Cr-4 Cr0.09 Cr-0.43 Cr0.0062 Cr
Free cash flow (OCF − Capex)9 Cr11 Cr5 Cr18 Cr2 Cr10 Cr-20 Cr-32 Cr-79 Cr

Ratios

MetricMar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.7%18.1%12.1%18.1%11.3%8.9%13.6%13.6%23.5%
ROE %12.4%12.9%10.3%13.6%8.3%6.0%10.5%11.4%26.4%
Debtor days697475756257606482
Inventory days11912015210188105103113129
Days payable111512109121199
Cash conversion cycle177179215166141150152168202
OCF / EBITDA %39.5%69.4%71.5%59.6%46.8%92.1%-12.2%-35.6%-54.4%
OCF / EBITDA % (3 years)————58.9%63.9%37.8%2.5%-43.1%
Debt / equity0.160.100.170.070.100.030.160.340.64
Current ratio2.973.533.114.004.134.802.742.321.81
Net debt / EBITDA0.580.450.900.280.430.190.971.611.48