Modison

NSE: MODISONLTD · Other Electrical Equipment

52W Range₹114 ₹546

Snapshot

Unlock Modison's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Modison Limited is a manufacturer of electrical contacts for low, medium, and high voltage switchgear industries. The company also engages in precious metals refining, recovery, and the production of silver-based compounds and investment products.

Business Model

The company generates revenue through the sale of specialised electrical contact materials, precious metal compounds, and value-added services such as silver plating and electron beam welding. It serves both domestic and international markets across the switchgear and industrial sectors.

Growth Outlook

Growth is driven by the ongoing expansion of electrical infrastructure and the increasing demand for high-performance switchgear components. The company continues to invest in research and development to create specialised contact materials for emerging industrial applications.

Key Risks

  • Commodity Price Volatility. The company is highly exposed to fluctuations in the prices of precious metals, particularly silver, which is a primary raw material.
  • Cyclicality of Switchgear Industry. Demand for electrical contacts is closely tied to capital expenditure in the power and infrastructure sectors, which can be cyclical.
  • Regulatory and Environmental Compliance. Operations involving precious metal refining and chemical compounds are subject to stringent environmental and safety regulations.
  • Foreign Exchange Risk. As an exporter of electrical components, the company faces risks related to currency fluctuations affecting international trade margins.

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Key Metrics

REVENUE

₹847 Cr

TTM · consolidated

+66.7%YoY

NET PROFIT

₹102 Cr

TTM · consolidated

+258.4%YoY

EPS

₹31.29

TTM · consolidated

+258.0%YoY

RETURN ON EQUITY

41.3%

TTM · consolidated

+28.2 ppYoY

RETURN ON CAPITAL EMPLOYED

58.0%

TTM · consolidated

+38.0 ppYoY

P/E

15.0x

Q1 FY27 · consolidated

15.0 vs 80.7x5Y avg

EV/EBITDA

10.3x

Q1 FY27 · consolidated

10.3 vs 41.7x5Y avg

EBITDA MARGIN

19.4%

TTM · consolidated

+9.2 ppYoY

NET PROFIT MARGIN

12.5%

Q1 FY27 · consolidated

+8.9 ppYoY

DEBT TO EQUITY

0.6x

Q1 FY27 · consolidated

+0.30xYoY

Peers · Other Electrical Equipment

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ModisonMODISONLTD
₹1,525 Cr15.0210.3366.7%19.4%41.3%58.0%+186.4%
Modern InsulatorMODINSU
₹2,063 Cr13.0%+265.1%
Servotech Renewable Power System LimitedSERVOTECH
₹1,798 Cr47.9624.737.4%10.8%13.4%18.9%-35.6%
RIR Power Electronics LimitedRIR
₹1,352 Cr11.2%-33.6%
Indo SMCINDOSMC
₹1,082 Cr15.0%
HINDUSTHAN INSULATORS and INDUSTRIES LIMITEDHUIL
₹1,002 Cr1.1616.7218.9%19.4%18.4%18.0%-80.5%

As of Q1 FY27

Financials