Modison

NSE: MODISONLTD · Other Electrical Equipment

52W Range₹114 ₹365

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.

Price

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Key Metrics

REVENUE

₹710 Cr

TTM · consolidated

+44.9%YoY

NET PROFIT

₹73 Cr

TTM · consolidated

+193.9%YoY

EPS

₹22.34

TTM · consolidated

+193.6%YoY

RETURN ON EQUITY

31.4%

TTM · consolidated

+19.5 ppYoY

RETURN ON CAPITAL EMPLOYED

44.1%

TTM · consolidated

+25.6 ppYoY

P/E

13.5x

Q4 FY26 · consolidated

13.5 vs 53.5x5Y avg

EV/EBITDA

9.3x

Q4 FY26 · consolidated

9.3 vs 27.9x5Y avg

EBITDA MARGIN

17.4%

TTM · consolidated

+7.5 ppYoY

NET PROFIT MARGIN

12.5%

Q4 FY26 · consolidated

+5.2 ppYoY

DEBT TO EQUITY

0.6x

Q4 FY26 · consolidated

+0.30xYoY

Peers · Other Electrical Equipment

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ModisonMODISONLTD
39713.549.3544.9%17.4%31.4%44.1%+66.9%
RMC SwitchgearsRMC
42312.0%-65.2%
Artemis Electri.AEPL
41347.1830.78-82.9%308.0%15.9%21.0%-37.8%
S & S Power SwitS&SPOWER
40240.7721.817.4%13.6%13.1%-22.0%
Magnus SteelMAGNUS
36946.08570.40283.6%12.6%-56.2%-950.0%
Hind.Urban InfraHUIL
3531.166.1618.9%19.4%18.4%18.0%

As of Q4 FY26

Financials