MODISONLTDIndustrials

MODISON LIMITED

Other Electrical Equipment · ISIN INE737D01021 · BSE 506261 · NSE BE · FV ₹1
Last price
₹357
+2.40%today
What this company does

MODISON LIMITED operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹279 cr of revenue in its latest quarter (Q2 FY27) and kept 8.3% of sales as profit.

“The Company is a leading manufacturer of Electrical contacts in all the three segments,LV,MV&HV.TheequitysharesoftheCompanyarelistedonBSELimited(“BSE”)&NSELimited ("NSE").”
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 52–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality31

Whether reported profit actually arrives as cash

Growth & consistency94

Whether sales and profit have grown, and how steadily

Valuation10

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 92% vs last year
✓ Profit up 100% vs last year
✓ Promoters hold 52%
✓ No promoter shares pledged
✓ Strong 29% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in MODISONLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹357▲ +2.40%
latest close · 2026-11-04
1-year return
+394.7%
52-wk low ₹5052-wk high ₹546
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.4Low
LowAverageHigh
P/B ratio3.59High
Below bookModerateHigh
EV / EBITDA9.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity28.9%Strong
WeakFairStrong ▸15%
Return on capital43.3%Strong
WeakFairStrong
Net margin8.3%Decent
ThinDecentStrong
EBITDA margin13.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.69Moderate
LowModerateHigh ▸1
Interest cover7.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.83Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,157 cr
Book value
₹99
EPS
₹7.18
latest quarter
Net debt
₹222 cr
owes more than its cash
Enterprise value
₹1,380 cr
EBITDA
₹152 cr
annualised
EBIT
₹143 cr
annualised
Operating margin
12.8%
Return on assets
15.5%
Earnings yield
8.05%
P/S
1.04
Sales / share
₹343.9
Tax rate
24.4%
Face value
₹1
Shares
3.2 cr
Working capital
₹227 cr
Current assets
₹499 cr
Current liabilities
₹272 cr
Delivery %
48.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹151 vs market price ₹357 — price is 137% above it
Safety cushion-136.7%(target ≥ +20%)
Models span ₹105–₹196, midpoint ₹151
Model ₹151
Price ₹357
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹279 cr
Other Income₹3 cr
Total Income₹282 cr
Cost of Materials₹267 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-36 cr
Employee Benefit Expense₹7 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹11 cr
Total Expenses₹255 cr
Exceptional Items₹4 cr
Profit before Tax₹31 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income8.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹230 cr80.6%
Employee benefit expense₹7 cr2.4%
Finance costs₹5 cr1.7%
Depreciation & amortisation₹2 cr0.8%
Other expenses₹11 cr3.7%
Tax expense₹8 cr2.6%
Profit for the period₹23 cr8.1%
Total income ₹282 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue287 cr270 cr279 cr
Total income289 cr273 cr282 cr
Expenses221 cr227 cr255 cr
Profit before tax48 cr46 cr31 cr
Tax12 cr12 cr8 cr
Net profit (owners' share)36 cr34 cr23 cr
Net margin (owners' share, on revenue)12.5%12.5%8.3%
EPS (₹)11.0910.437.18
YoY (latest quarter): total income +94.3% · net profit +99.7%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹602 cr
Shareholder equity
₹322 cr
parent shareholders
Total debt
₹222 cr
Cash
₹21.2 L
Cash flow · H1 FY27
Operating
₹-27 cr
Investing
₹-3 cr
Financing
₹30 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Waaree Energies Limited₹2,318₹66,677 cr23.2
Apar Industries Limited₹15,523₹64,995 cr35.2
Premier Energies Limited₹890₹40,402 cr21.3
Diamond Power Infrastructure Limited₹368₹21,979 cr49.1
Mtar Technologies Limited₹6,313₹19,417 cr96.6
Emmvee Photovoltaic Power Limited₹231₹16,011 cr10.5
Avalon Technologies Limited₹1,991₹13,303 cr95.4
Fujiyama Power Systems Limited₹366₹11,231 cr48.7
Genus Power Infrastructures Limited₹271₹7,496 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.66%
trailing 12 months
Dividend / share (TTM)
₹9.5
Last dividend
₹4
ex 23 Oct 2026
ActionDetailEx-date
Dividend₹4 / share23 Oct 2026
Dividend₹3 / share14 Jul 2026
Dividend₹2.5 / share8 Dec 2025
Dividend₹2 / share2 Sep 2025
Dividend₹1.5 / share21 Feb 2025
Dividend₹2 / share23 Jul 2024
Who owns it · 2026-09-30
No pledge
Promoter
52.2%
FII / Foreign
1.3%
DII / Domestic
—
Retail / others
46.5%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVIJAY KUMAR MODI · Employees/Designated Employees8.14 L20 Dec 22
BoughtVIJAY KUMAR MODI · Employees/Designated Employees8.14 L · ₹8.1 L1 Sep 22
BoughtMANISH KUMAR SRIVASTAVA · Director300 · ₹17,77314 Jun 22
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.77 L @ ₹222.9918 Sep 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE2.77 L @ ₹223.0518 Sep 24
BoughtAAKRAYA RESEARCH LLP · NSE2.64 L @ ₹223.0618 Sep 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 25 Oct 2025
See the official result
1
To approve the appointment of Mr. Nandkishore Bafna (Din: 00019372) as Director in the category of Non-Executive Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 75%
7.91 L votes for, 930 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 52.2% between them · as of 2026-09-30
GIRDHARILAL MODI23.37%
RAJKUMAR MODI20.79%
KUMAR JAY GIRDHARILAL MODI5.58%
MODISON COPPER PRIVATE LIMITED1.26%
SARLA GIRDHARILAL MODI0.86%
ANSHIKA MUKUND NEMANI .0.23%
PARIDHI KUMAR JAY MODI0.13%
MANJU KASHIPRASAD MODI0.01%
Business done with them
FY2025 · 3 of the group
The company paid ₹42 cr to companies in the promoter group last year — about 8.6% of its ₹490 cr revenue and received ₹7 cr back from them.
Modison Copper Pvt Ltd
Bought goods from them · Purchase of Goods 2,646.57 Purchase of Plant & Machinery 1.28 Sale of Goods/Other Operative Revenue 310.75 Sale of Plant & Machinery 3.51 Service Rendered - Service Received/Maintenance Charges 149.87
also owns 1.26% of the company
₹39 cr
company paid
Modison Copper Pvt Ltd
Sold goods to them · Purchase of Goods 2,646.57 Purchase of Plant & Machinery 1.28 Sale of Goods/Other Operative Revenue 310.75 Sale of Plant & Machinery 3.51 Service Rendered - Service Received/Maintenance Charges 149.87
also owns 1.26% of the company
₹5 cr
company received
Mr. Girdharilal Modi
Other payments to them · Short-term employee benefits 235.93 Post retirement benefits 5.84
also owns 23.37% of the company
₹4 cr
company paid
Modison Copper Pvt Ltd
Sold property or assets to them · Purchase of Goods 2,646.57 Purchase of Plant & Machinery 1.28 Sale of Goods/Other Operative Revenue 310.75 Sale of Plant & Machinery 3.51 Service Rendered - Service Received/Maintenance Charges 149.87
also owns 1.26% of the company
₹2 cr
company received
Mrs. Chandramani Devi Modi
Leases As Lessor · Rent Paid 3.00
₹3 L
company received

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.