Modison Limited

NSE: MODISONLTD · Other Electrical Equipment · sector

Compare with peers

₹389.70NSE close 2026-10-27

Key numbers

Market cap₹1,265 cr

Price₹389.70

52w high / low₹546 / ₹114

P/E11.2xSector median 20.6x

P/B3.9xSector median 3.5x

Book value₹99.3

Dividend yield1.15%Sector median 0.24%

ROE41.3%Sector median 15.5%

ROCE30.4%Sector median 16.4%

OPM17.0%Sector median 11.7%

Debt / equity0.69xSector median 0.32x

EV/EBITDA8.9xSector median 13.3x

Interest cover11.6x

Current ratio1.83x

Sales growth 3y+27.9%Sector median +17.8%

Profit growth 3y+70.5%Sector median +15.2%

PEG0.15x

Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹174 cr (FY26): borrowings are higher by ₹173 cr.
Operating profit covered interest 11.6x in the last 12 months.
Operating cash flow was below net profit in 3 of the last 4 years (FY26, FY25, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 8% of net profit in the last 12 months.
Debtor days went from 58 (FY23) to 82 (FY26).
Dividend paid in 3 of the last 5 financial years.
Price ₹389.70 on 2026-10-27: -28.6% from the 52-week high, +241.8% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹514.80 · low ₹120.25

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	121	130	134	145	144	287	270	279
EBITDA	11	16	7	19	31	51	50	35
OPM %	9.2%	12.0%	5.5%	13.4%	21.3%	17.9%	18.4%	12.4%
Other income	0	2	3	0	1	2	3	3
Net profit	6	10	5	12	20	36	34	23
EPS (₹)	1.79	2.94	1.48	3.59	6.18	11.09	10.43	7.18
Revenue YoY					+18.6%	+120.9%	+101.6%	+92.2%
Profit YoY					+245.3%	+277.8%	+603.5%	+99.7%

Consolidated figures where filed. Latest quarter Sep 2026.

Profit & loss (yearly)

₹ cr	FY21	FY22	FY23	FY25	FY26	TTM
Revenue	292	340	335	490	710	981
EBITDA	36	27	22	44	110	167
Net profit	22	15	11	25	73	113
EPS (₹)	6.91	4.51	3.44	7.61	22.35	34.88
Revenue growth		+16.2%	-1.4%	+46.5%	+44.9%	+84.8%
Profit growth		-34.8%	-23.6%	+120.8%	+193.9%	+255.8%
Dividend / share (₹)	–	1.00	–	3.50	4.50

Compounded growth	3 years	5 years	Last 12 months
Sales	+27.9%	–	+84.8%
Net profit	+70.5%	–	+255.8%
EPS	+70.5%	–	–
Share price	–	+62.0% (2y)	+187.5%

Balance sheet

₹ cr	FY22	FY23	FY25	FY26
Shareholders' equity	–	187	217	275
Borrowings	–	5	73	174
Cash & equivalents	–	1	1	1
Total assets	–	222	319	503
Fixed assets	–	65	89	91
Capital work in progress	–	10	3	3
Investments	–	2	0	0
Receivables	–	53	86	160
Inventory	–	79	127	220
Payables	–	9	10	16

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY25	FY26
Cash from operations	14	22	-16	-64
Cash from investing	-11	-13	-9	-15
Cash from financing	1	-14	24	80
Capex	13	12	15	15
Free cash flow	2	10	-32	-79

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY25	FY26
ROE %	–	6.0%	11.4%	26.4%
ROCE %	–	8.9%	13.6%	23.5%
Debtor days	–	58	64	82
Inventory days	–	109	121	152
Payable days	–	13	9	11
Cash conversion cycle (days)	–	154	176	223
Working capital days	–	118	93	92

Shareholding

Holder (% of shares)	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	Change since Sep 2025
Promoters	52.11%	–	52.16%	52.23%	52.23%	+0.12 pts
FIIs	0.48%	–	0.48%	0.92%	1.27%	+0.79 pts
Public (non-institutions)	47.41%	–	47.35%	46.85%	46.51%	-0.90 pts
No. of shareholders	21,553	–	21,079	21,401	23,008	+6.8%

PromotersFIIsPublic (non-institutions)

Promoter group	%
Girdharilal Modi	23.37%
Rajkumar Modi	20.79%
Kumar JAY Girdharilal Modi	5.58%
Modison Copper Private Limited	1.26%
Sarla Girdharilal Modi	0.86%
Anshika Mukund Nemani .	0.23%
Paridhi Kumar JAY Modi	0.13%
Manju Kashiprasad Modi	0.01%
Chandramani Devi Modi	0.00%
Rashmi R Modi	0.00%

Public holders above 1%	%
Prakash Chandra Modi	14.02%
Lalitadevi Modi	1.60%

23,008 shareholders. Pledged: – of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).

Peers in Other Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
WAAREEENER	₹65,440 cr	17.1x	4.5x	23.0%	33.2%	20.2%	–	0.09%
APARINDS	₹60,870 cr	51.5x	11.3x	11.6%	32.9%	8.7%	+16.9%	0.34%
PREMIERENE	₹39,130 cr	23.2x	9.1x	46.7%	29.7%	30.0%	–	0.08%
MTARTECH	₹20,738 cr	155.4x	25.2x	17.2%	18.3%	20.7%	+15.2%	–
DIACABS	₹17,638 cr	89.7x	–	–	13.0%	11.7%	–	–
EMMVEE	₹16,661 cr	11.6x	3.8x	53.0%	34.1%	34.7%	–	–
AVALON	₹14,490 cr	108.3x	20.1x	20.0%	21.9%	11.4%	+19.3%	0.00%
UTLSOLAR	₹11,331 cr	36.6x	8.9x	23.1%	25.4%	14.6%	–	–
GENUSPOWER	₹7,411 cr	11.4x	3.3x	31.9%	22.2%	18.8%	+80.5%	0.82%
MODISONLTD	₹1,265 cr	11.2x	3.9x	41.3%	30.4%	17.0%	+27.9%	1.15%

All 59 companies in Other Electrical Equipment →

Dividends & corporate actions

Ex-date	Action	Detail
2026-10-23	Dividend	Interim Dividend - Rs 4 Per Share
2026-07-14	Dividend	Dividend - Rs 3 Per Share
2025-12-08	Dividend	Interim Dividend - Rs 2.50 Per Share
2025-09-02	Dividend	Dividend - Rs 2 Per Share
2025-02-21	Dividend	Interim Dividend - Rs 1.50 Per Share
2024-07-23	Other	Annual General Meeting
2024-07-23	Dividend	Dividend - Rs 2 Per Share
2024-02-23	Dividend	Interim Dividend - Rs 0.50 Per Share
2023-07-17	Dividend	Annual General Meeting/Dividend - Re 1 Per Share
2022-06-28	Other	Annual General Meeting
2022-02-23	Dividend	Interim Dividend - Re 1 Per Share
2021-07-26	Other	Annual General Meeting

Latest filings

16 Oct 2026
Record Date
MODISON LIMITED has informed the Exchange that Record date for the purpose of Dividend is 23-Oct-2026.
16 Oct 2026
Outcome of Board Meeting
MODISON LIMITED has submitted to the Exchange, the financial results for the period ended September 30, 2026.
1 Oct 2026
Resignation
MODISON LIMITED has informed the Exchange regarding Resignation of Ms. Pooja Birendra Sinha as Company Secretary & Compliance Officer of the company w.e.f. October 01, 2026.
21 Sep 2026
General Updates
MODISON LIMITED has informed the Exchange about - Sale/Disposal of Wholly Owned Subsidiary with effect from Monday, September 21, 2026
4 Sep 2026
Price movement
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…
4 Sep 2026
Price movement
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…
13 Aug 2026
Outcome of Board Meeting
MODISON LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Other Electrical Equipment
Sub-industry	Other Electrical Equipment
Symbol	MODISONLTD
BSE code	506261
ISIN	INE737D01021
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.