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Modison Limited
(MODISONLTD)
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Rating:70Outperform
Price Target:
₹517.00
▲(86.00% 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
Strong Revenue Growth
Accelerating revenue growth indicates stronger demand across Modison’s electrical contact and component activities. If sustained, this expands the operating base, supports greater customer reach, and gives the company more capacity to leverage fixed costs over the next several quarters.
Negative Factors
Persistent Negative Cash Flow
Three consecutive years of negative operating and free cash flow show that reported earnings are not currently converting into liquidity. This increases reliance on external funding, limits financial flexibility, and could constrain investment or resilience if working-capital needs remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Accelerating revenue growth indicates stronger demand across Modison’s electrical contact and component activities. If sustained, this expands the operating base, supports greater customer reach, and gives the company more capacity to leverage fixed costs over the next several quarters.
Read all positive factors
Modison Limited (MODISONLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.24B
Dividend Yield1.18%
Average Volume (3M)39.37K
Price to Earnings (P/E)15.0
Beta (1Y)1.05
Revenue Growth66.70%
EPS Growth258.37%
CountryIN
Employees288
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)31.29
Shares Outstanding32,450,000
10 Day Avg. Volume31,065
30 Day Avg. Volume39,370
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 | 8.47B | 7.10B | 4.90B | 4.04B | 3.35B | 3.39B |
| Gross Profit | 1.86B | 1.44B | 712.77M | 815.79M | 704.21M | 664.24M |
| EBITDA | 1.42B | 1.18B | 473.89M | 381.81M | 230.02M | 283.86M |
| Net Income | 1.02B | 725.35M | 246.81M | 213.62M | 111.77M | 146.31M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.03B | 3.19B | 2.71B | 2.22B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 3.74M | 3.74M | 12.11M | 8.09M | 4.79M | 43.20M |
| Total Debt | 0.00 | 1.74B | 727.65M | 317.11M | 50.02M | 174.23M |
| Total Liabilities | -2.75B | 2.28B | 1.03B | 678.35M | 344.04M | 384.08M |
| Stockholders Equity | 2.75B | 2.75B | 2.17B | 2.03B | 1.87B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | -6.39M | -865.35M | -367.27M | -197.32M | 100.12M | 17.85M |
| Operating Cash Flow | 57.14M | -714.33M | -212.59M | -38.86M | 224.92M | 143.54M |
| Investing Cash Flow | -85.39M | -154.89M | -88.71M | -154.01M | -125.76M | -109.07M |
| Financing Cash Flow | 28.56M | 869.28M | 296.96M | 193.77M | -137.56M | 6.60M |
Modison Limited Technical Analysis
Positive
277.95
Price Trends
331.76
Positive
278.96
Positive
209.57
Positive
Market Momentum
48.14
Negative
68.97
Neutral
69.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MODISONLTD, the sentiment is Positive. The current price of 277.95 is below the 20-day moving average (MA) of 398.69, below the 50-day MA of 331.76, and above the 200-day MA of 209.57, indicating a bullish trend. The MACD of 48.14 indicates Negative momentum. The RSI at 68.97 is Neutral, neither overbought nor oversold. The STOCH value of 69.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹2.45B | 8.76 | ― | 0.78% | 35.25% | 30.99% | |
70 Outperform | ₹15.24B | 15.02 | ― | 1.18% | 66.70% | 258.37% | |
69 Neutral | ₹3.09B | 3.84 | ― | 1.18% | -2.00% | -14.07% | |
63 Neutral | ₹4.73B | -58.89 | ― | 0.61% | 14.63% | -124.81% | |
62 Neutral | ₹4.11B | 16.74 | ― | 0.32% | 15.12% | 56.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹3.91B | 49.46 | ― | ― | 32.06% | 15310.12% |
* General Sector Average
IN:MODISONLTD
Modison Limited
469.60
312.11
198.17%
IN:CORDSCABLE
Cords Cable Industries Limited
317.55
142.99
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IN:ELIN
Elin Electronics Limited
95.25
-122.90
-56.34%
IN:GEEKAYWIRE
Geekay Wires Ltd.
29.61
-8.31
-21.91%
IN:S&SPOWER
S&S Power Switchgear Ltd.
317.00
-88.90
-21.90%
IN:VETO
Veto Switchgears & Cables Ltd.
127.95
16.63
14.94%
Modison Limited Corporate Events
Modison sets detailed TDS rules ahead of FY27 dividend payouts
Jul 8, 2026
Modison Limited has notified exchanges that it has circulated an electronic notice to shareholders detailing procedures for tax deducted at source on dividends that may be declared and paid during financial year 2026-27. The communication aims to ...
Modison Publishes 43rd AGM Notice, Highlights Governance Compliance
Jun 30, 2026
Modison Limited, a manufacturer of electrical contact materials and components for utilities and industrial users, is listed on the BSE and NSE and adheres to India’s evolving corporate governance and disclosure framework.The company has ann...
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.