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Modison Limited
(MODISONLTD)
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Rating:70Outperform
Price Target:
₹400.00
▲(43.91% Upside)
Action:Upgraded
Date:09/06/26
Overall score reflects strong technical momentum and reasonable valuation, tempered by financial quality concerns—particularly persistent negative operating/free cash flow and quickly rising leverage despite strong FY2026 revenue and profit growth.
Positive Factors
Accelerating Revenue Growth
Revenue growth accelerated for a third consecutive year, indicating stronger demand across the company’s electrical-contact business. Sustained top-line expansion can improve scale, support operating leverage, and reinforce Modison’s position in the power and electrical equipment supply chain over the next several quarters.
Negative Factors
Persistently Negative Cash Flow
Negative operating and free cash flow across three recent fiscal years shows that reported earnings have not translated into cash generation. That divergence can increase reliance on external funding, reduce flexibility for investment or dividends, and make growth harder to sustain if working-capital needs remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Revenue growth accelerated for a third consecutive year, indicating stronger demand across the company’s electrical-contact business. Sustained top-line expansion can improve scale, support operating leverage, and reinforce Modison’s position in the power and electrical equipment supply chain over the next several quarters.
Read all positive factors
Modison Limited (MODISONLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.79B
Dividend Yield2.66%
Average Volume (3M)11.91K
Price to Earnings (P/E)10.4
Beta (1Y)1.03
Revenue Growth84.80%
EPS Growth255.82%
CountryIN
Employees288
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)34.88
Shares Outstanding32,450,000
10 Day Avg. Volume9,506
30 Day Avg. Volume11,908
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.37
Price to Sales (P/S)0.53
P/FCF Ratio-4.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Modison Limited Business Overview & Revenue Model
Company Description
Modison Limited, founded in 1965 and headquartered in Mumbai, India, is a prominent manufacturer and global supplier of electrical contacts primarily for low, medium, and high voltage switchgear industries. Their diverse product portfolio for low ...
How the Company Makes Money
Modison Limited primarily makes money by manufacturing and selling electrical contact materials and contact-based components to other businesses (B2B) that produce or service electrical switching and protection equipment. Revenue is generated thro...
Modison Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.81B | 7.10B | 4.90B | 4.04B | 3.35B | 3.39B |
| Gross Profit | 2.01B | 1.44B | 712.77M | 815.79M | 704.21M | 664.24M |
| EBITDA | 1.53B | 1.18B | 473.89M | 383.32M | 230.02M | 283.86M |
| Net Income | 1.13B | 725.35M | 246.81M | 213.62M | 111.77M | 146.31M |
Balance Sheet | ||||||
| Total Assets | 6.02B | 5.03B | 3.19B | 2.71B | 2.22B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 44.48M | 3.74M | 12.11M | 8.09M | 4.79M | 43.20M |
| Total Debt | 2.22B | 1.74B | 727.65M | 317.11M | 50.02M | 174.23M |
| Total Liabilities | 2.80B | 2.28B | 1.03B | 678.35M | 344.04M | 384.08M |
| Stockholders Equity | 3.22B | 2.75B | 2.17B | 2.03B | 1.87B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -865.35M | -367.27M | -197.32M | 100.12M | 17.85M |
| Operating Cash Flow | 0.00 | -714.33M | -212.59M | -38.86M | 224.92M | 143.54M |
| Investing Cash Flow | 0.00 | -154.89M | -88.71M | -154.01M | -125.76M | -109.07M |
| Financing Cash Flow | 0.00 | 869.28M | 296.96M | 193.77M | -137.56M | 6.60M |
Modison Limited Technical Analysis
Negative
277.95
Price Trends
451.35
Negative
373.87
Negative
265.08
Positive
Market Momentum
-19.36
Positive
32.45
Neutral
4.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MODISONLTD, the sentiment is Negative. The current price of 277.95 is below the 20-day moving average (MA) of 457.40, below the 50-day MA of 451.35, and above the 200-day MA of 265.08, indicating a neutral trend. The MACD of -19.36 indicates Positive momentum. The RSI at 32.45 is Neutral, neither overbought nor oversold. The STOCH value of 4.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MODISONLTD.
Modison Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹2.33B | 8.54 | ― | 0.82% | 35.25% | 31.03% | |
70 Outperform | ₹11.79B | 10.39 | ― | 2.66% | 84.80% | 255.82% | |
70 Outperform | ₹2.70B | 3.35 | ― | 1.35% | -2.00% | -14.07% | |
60 Neutral | ₹3.83B | 15.79 | ― | 0.41% | 15.12% | 56.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹3.57B | -44.23 | ― | 0.61% | 14.63% | -124.81% | |
50 Neutral | ₹3.58B | 44.56 | ― | ― | 32.06% | 15313.88% |
* General Sector Average
IN:MODISONLTD
Modison Limited
363.25
217.83
149.80%
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IN:ELIN
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IN:GEEKAYWIRE
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25.88
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IN:S&SPOWER
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290.20
-78.65
-21.32%
IN:VETO
Veto Switchgears & Cables Ltd.
122.05
1.23
1.02%
Modison Limited Corporate Events
Modison Files SEBI Compliance Certificate on Dematerialisation Processes
Oct 1, 2026
Modison Limited has submitted a compliance certificate from its registrar and share transfer agent, Purva Sharegistry (India) Pvt. Ltd., confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.