Modison

NSE: MODISONLTD · Other Electrical Equipment

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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

₹981 Cr

TTM · consolidated

+84.8%YoY

NET PROFIT

₹113 Cr

TTM · consolidated

+255.8%YoY

EPS

₹34.88

TTM · consolidated

+255.9%YoY

RETURN ON EQUITY

41.3%

TTM · consolidated

+27.3 ppYoY

RETURN ON CAPITAL EMPLOYED

58.7%

TTM · consolidated

+37.5 ppYoY

P/E

9.5×

Q2 FY27 · consolidated

9.5 vs 54.8x5Y avg

EV/EBITDA

7.2x

Q2 FY27 · consolidated

7.2 vs 28.7x5Y avg

EBITDA MARGIN

18.4%

TTM · consolidated

+7.3 ppYoY

NET PROFIT MARGIN

8.3%

Q2 FY27 · consolidated

+0.3 ppYoY

DEBT TO EQUITY

0.7x

Q2 FY27 · consolidated

+0.31xYoY

Peers · Other Electrical Equipment

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
ModisonMODISONLTD
₹1,077 Cr9.5×7.2084.8%18.4%41.3%58.7%+118.6%
RIR Power Electronics LimitedRIR
₹1,073 Cr45.6×85.505.4%13.9%5.2%7.3%-53.2%
Indo SMCINDOSMC
₹972 Cr———15.0%———
Salzer Electronics LimitedSALZERELEC
₹850 Cr19.4×10.0020.8%7.6%7.9%17.2%-43.4%
Permanent MagnetPERMAGN
₹805 Cr45.1×16.3831.4%20.6%11.1%16.7%-2.0%
Prostarm Info Systems LimitedPROSTARM
₹730 Cr19.7×14.41—13.9%18.3%26.1%-27.8%

As of Q2 FY27

Financials