MODISON LIMITED

BSE: MODISONLTD506261ISIN INE737D01021

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹357.50+11.45 (+3.31%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹555.00
52W low: ₹114.45
Off 52W high: -35.59%
1M return: -23.80%
3M return: +26.28%
6M return: +116.93%
1Y return: +147.06%
20D avg volume: 17,160
50 DMA: ₹451.61
200 DMA: ₹272.37

Key ratios Consolidated

Market cap: ₹1,160 Cr
Current price: ₹357.50
52W high / low: ₹555.00 / ₹114.45
Face value: ₹1.00
P/E: 10.25
P/B: 3.60
EPS (TTM): ₹34.88
Book value / share: ₹99.27
ROE: —
ROCE: 37.30%
Operating margin: —
Net margin: —
Debt / equity: 0.64
Net debt: ₹174.33 Cr
Interest cover: 12.13
Dividend yield: 2.66%
Dividend / share (TTM): ₹9.50
Payout: 27.24%
Cash conversion cycle: 187.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	279.03	270.47	287.32	143.71	145.16	134.14	130.07	121.21	122.48	116.48	113.58	107.78
	3.42	2.63	1.80	0.93	0.23	3.33	1.56	0.14	1.71	0.24	0.41	0.09
	282.44	273.10	289.12	144.65	145.39	137.46	131.63	121.35	124.19	116.72	113.99	107.86
	255.23	226.99	221.39	129.30	130.74	129.92	118.80	113.48	115.71	111.28	106.82	101.80
	266.64	246.47	237.20	140.84	130.81	110.15	99.73	108.88	86.33	116.23	96.16	86.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	6.91	6.78	6.94	7.28	6.49	6.48	6.36	6.31	6.31	5.91	5.50	5.29
	4.92	4.31	2.91	2.10	1.63	2.07	1.69	1.32	1.60	1.21	0.93	0.98
	2.36	2.31	2.55	2.43	2.40	2.28	2.41	2.11	1.78	1.71	1.75	1.57
	10.60	8.84	10.60	8.72	8.78	8.57	8.84	9.24	8.90	7.50	8.71	—
	27.22	46.11	67.73	15.35	14.65	7.54	12.83	7.88	8.48	5.44	7.17	6.07
	3.60	-0.28	-19.93	11.70	1.03	-1.12	0.21	-0.02	2.49	-3.76	1.39	-0.51
	30.82	45.83	47.80	27.05	15.68	6.42	13.04	7.86	10.97	1.68	8.56	5.56
	7.53	11.98	11.80	6.99	4.02	1.61	3.51	2.05	2.78	0.53	2.41	1.49
	23.29	33.84	36.00	20.06	11.66	4.81	9.53	5.81	8.19	1.15	6.16	4.08
	7.18	10.43	11.09	6.18	3.59	1.48	2.94	1.79	2.53	0.35	1.90	1.26
Key metrics
	38.10	52.45	53.26	31.58	19.71	10.77	17.14	11.29	14.35	4.60	11.24	8.11
	13.70%	19.40%	18.50%	22.00%	13.60%	8.00%	13.20%	9.30%	11.70%	3.90%	9.90%	7.50%
	8.30%	12.50%	12.50%	14.00%	8.00%	3.60%	7.30%	4.80%	6.70%	1.00%	5.40%	3.80%
	10.80%	—	17.90%	—	7.40%	—	6.60%	—	—	—	—	—
	92.20%	101.60%	120.90%	18.60%	18.50%	15.20%	14.50%	12.50%	—	—	—	—
	99.70%	603.50%	277.80%	245.30%	42.40%	318.30%	54.70%	42.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	980.53	710.33	490.24	404.56	334.71	339.52
	8.78	5.70	3.27	0.70	1.51	1.67
	989.31	716.03	493.51	405.26	336.22	341.20
	832.91	610.77	458.88	381.71	318.32	317.88
	891.15	618.99	411.17	341.70	272.19	269.94
	0.00	0.00	0.00	—	—	0.25
	27.91	27.20	24.89	21.19	20.42	18.61
	14.24	8.71	5.83	2.83	1.71	2.05
	9.65	9.65	8.02	6.28	6.33	6.61
	38.76	36.07	34.09	31.02	26.95	24.78
	156.41	105.26	34.63	23.55	17.90	23.32
	-4.91	-8.31	-1.08	5.59	-2.56	-3.54
	151.50	96.95	33.55	29.14	15.34	19.79
	38.30	24.42	8.86	7.78	4.16	5.16
	113.19	72.54	24.68	21.36	11.18	14.63
	34.88	22.35	7.61	6.58	3.44	4.51
Key metrics
	175.39	115.31	47.40	38.25	23.38	28.45
	17.89%	16.20%	9.70%	9.50%	7.00%	8.40%
	11.54%	10.20%	5.00%	5.30%	3.30%	4.30%
	—	37.30%	17.50%	—	—	—
	84.80%	44.90%	21.20%	20.90%	-1.40%	—
	255.83%	193.90%	15.50%	91.10%	-23.60%	—
	—	-79.29	-31.57	—	—	—
	—	-0.88	-0.65	—	—	—
	—	0.64	0.34	—	—	—
	—	174.33	72.62	—	—	—
	—	187.1	151.8	—	—	—
Balance sheet
	—	502.78	319.26	—	—	—
	—	398.38	219.02	—	—	—
	—	0.14	0.14	—	—	—
	—	159.97	86.13	—	—	—
	—	219.80	127.48	—	—	—
	—	14.39	2.93	—	—	—
	—	91.49	89.23	—	—	—
	—	15.58	9.64	—	—	—
	—	219.78	94.45	—	—	—
	—	174.47	72.76	—	—	—
	—	172.47	71.16	—	—	—
	—	2.00	1.60	—	—	—
	—	274.66	216.61	—	—	—
Cash flow
	—	-64.19	-16.10	—	—	—
	—	-15.45	-8.62	—	—	—
	—	79.64	24.29	—	—	—
	—	15.10	15.47	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	279.03	270.47	287.32	143.71	145.16	134.14	130.07	121.21	122.48	116.48	113.58	107.78
	3.44	2.63	1.80	0.93	0.22	3.31	1.56	0.14	1.71	0.24	0.41	0.08
	282.47	273.10	289.12	144.64	145.39	137.45	131.63	121.35	124.19	116.72	113.99	107.86
	255.22	226.99	221.39	129.30	130.74	129.92	118.80	113.47	115.71	111.28	106.82	101.79
	266.64	246.47	237.20	140.84	130.81	110.15	99.73	108.88	86.33	116.23	96.16	86.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	6.91	6.78	6.94	7.28	6.49	6.48	6.36	6.31	6.31	5.91	5.50	5.29
	4.92	4.31	2.91	2.10	1.63	2.07	1.69	1.32	1.60	1.21	0.93	0.98
	2.36	2.31	2.55	2.43	2.40	2.28	2.41	2.11	1.78	1.71	1.75	1.57
	10.59	8.84	10.60	8.71	8.78	8.56	8.84	9.24	8.89	7.50	8.71	—
	27.25	46.10	67.73	15.35	14.65	7.53	12.83	7.88	8.48	5.44	7.17	6.07
	3.60	-0.28	-19.93	11.70	1.03	-1.12	0.21	-0.02	2.49	-3.76	1.39	-0.51
	30.85	45.83	47.80	27.05	15.68	6.41	13.04	7.86	10.97	1.68	8.56	5.56
	7.53	11.98	11.77	6.99	4.02	1.61	3.50	2.05	2.78	0.53	2.41	1.49
	23.32	33.84	36.03	20.06	11.66	4.80	9.54	5.81	8.19	1.15	6.15	4.08
	7.19	10.43	11.10	6.18	3.59	1.48	2.94	1.79	2.53	0.35	1.90	1.26
Key metrics
	38.13	52.45	53.26	31.58	19.71	10.76	17.14	11.29	14.35	4.60	11.24	8.11
	13.70%	19.40%	18.50%	22.00%	13.60%	8.00%	13.20%	9.30%	11.70%	3.90%	9.90%	7.50%
	8.40%	12.50%	12.50%	14.00%	8.00%	3.60%	7.30%	4.80%	6.70%	1.00%	5.40%	3.80%
	10.80%	—	17.90%	—	7.40%	—	6.60%	—	—	—	—	—
	92.20%	101.60%	120.90%	18.60%	18.50%	15.20%	14.50%	12.50%	—	—	—	—
	100.00%	605.00%	277.70%	245.30%	42.40%	317.40%	55.10%	42.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	980.53	710.33	490.24	404.56	334.71	339.52
	8.80	5.67	3.25	0.67	1.50	1.66
	989.33	716.00	493.50	405.23	336.21	341.19
	832.90	610.76	458.87	381.70	318.31	317.87
	891.15	618.99	411.17	341.70	272.19	269.95
	0.00	0.00	0.00	—	—	0.25
	27.91	27.20	24.89	21.19	20.42	18.61
	14.24	8.71	5.83	2.83	1.71	2.05
	9.65	9.65	8.01	6.28	6.33	6.61
	38.74	36.06	34.08	31.02	26.94	24.77
	156.43	105.25	34.62	23.53	17.89	23.32
	-4.91	-8.31	-1.08	5.59	-2.56	-3.54
	151.53	96.94	33.54	29.12	15.33	19.78
	38.27	24.38	8.86	7.78	4.16	5.16
	113.25	72.55	24.68	21.34	11.17	14.62
	34.90	22.36	7.61	6.58	3.44	4.51
Key metrics
	175.42	115.30	47.38	38.23	23.37	28.44
	17.89%	16.20%	9.70%	9.40%	7.00%	8.40%
	11.55%	10.20%	5.00%	5.30%	3.30%	4.30%
	—	37.30%	17.50%	—	—	—
	84.80%	44.90%	21.20%	20.90%	-1.40%	—
	256.02%	194.00%	15.70%	91.00%	-23.60%	—
	—	-79.28	-31.57	—	—	—
	—	-0.88	-0.65	—	—	—
	—	0.64	0.34	—	—	—
	—	174.34	72.65	—	—	—
	—	187.1	151.8	—	—	—
Balance sheet
	—	502.75	319.24	—	—	—
	—	398.10	218.74	—	—	—
	—	0.13	0.11	—	—	—
	—	159.97	86.13	—	—	—
	—	219.80	127.48	—	—	—
	—	14.39	2.93	—	—	—
	—	91.49	89.23	—	—	—
	—	15.58	9.64	—	—	—
	—	219.77	94.44	—	—	—
	—	174.47	72.76	—	—	—
	—	172.47	71.16	—	—	—
	—	2.00	1.60	—	—	—
	—	274.62	216.56	—	—	—
Cash flow
	—	-64.18	-16.10	—	—	—
	—	-15.45	-8.62	—	—	—
	—	79.65	24.28	—	—	—
	—	15.10	15.47	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +28.51%
Sales CAGR 5Y: —
Profit CAGR 3Y: +86.58%
Profit CAGR 5Y: —
Sales YoY (TTM): +84.80%
Profit YoY (TTM): +256.02%

Consolidated

Sales CAGR 3Y: +28.51%
Sales CAGR 5Y: —
Profit CAGR 3Y: +86.51%
Profit CAGR 5Y: —
Sales YoY (TTM): +84.80%
Profit YoY (TTM): +255.83%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 52.23%

Quarter	September 2026	June 2026
Promoter %	52.23%	52.23%

Holder	Type	Holding	Previous	Change
GIRDHARILAL MODI	Promoter	23.37%	23.37%	0.00%
RAJKUMAR MODI	Promoter	20.79%	20.79%	0.00%
PRAKASH CHANDRA MODI	Public	14.02%	14.33%	-0.31%
KUMAR JAY GIRDHARILAL MODI	Promoter	5.58%	5.58%	0.00%
LALITADEVI MODI	Public	1.60%	1.60%	0.00%
MODISON COPPER PRIVATE LIMITED	Promoter Group	1.26%	1.26%	0.00%
SARLA GIRDHARILAL MODI	Promoter Group	0.86%	0.86%	0.00%
ANSHIKA MUKUND NEMANI .	Promoter Group	0.23%	0.23%	0.00%
PARIDHI KUMAR JAY MODI	Promoter Group	0.13%	0.13%	0.00%
MANJU KASHIPRASAD MODI	Promoter Group	0.01%	0.01%	0.00%
RASHMI R MODI	Promoter Group	0.00%	0.00%	0.00%
CHANDRAMANI DEVI MODI	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this to inform you that the Company has developed new Product Silver-Tungsten Carbide ....28 Oct 2026 · Company Update / General
Fixed October 23, 2026 as the Record date towards payment of Interim Dividend16 Oct 2026 · Corp. Action / Dividend
This is to inform you that at the meeting of the Board of Directors of the Company held today i.e. Friday, October 16, 2026, the Board inter alia has: 1. Approved the Unaudited Financial ....16 Oct 2026 · Board Meeting / Outcome of Board Meeting
Modison Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve We wish to inform you that a Meeting ....9 Oct 2026 · Board Meeting / Board Meeting
Intimation of Resignation of Company Secretary & Compliance Officer of the Company1 Oct 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Certificate issued by RTA1 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Notice of Closure of trading window26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding sale/disposal of wholly owned subsidiary w.e.f Monday, September 21, 202621 Sep 2026 · Company Update / Diversification / Disinvestment
Clarification sought by Exchnages regarding significant movement in price/vloumne of Company''s securities4 Sep 2026 · Company Update / General
The Exchange has sought clarification from Modison Ltd on September 03, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....3 Sep 2026 · Company Update / Clarification
Newspaper Publication-Unaudited Financial Results for Q1/2026-2714 Aug 2026 · Company Update / Newspaper Publication
Unaudited Financial Results for quarter ended June 30, 3026 along with Limited Review Reports13 Aug 2026 · Result / Financial Results
The outcome of Board Meeting Held on Thursday, August 13, 2026 is submitted for your review and record.13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Modison Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve approving unaudited Financial Results ....29 Jul 2026 · Board Meeting / Board Meeting
With respect to 43rd Annual General Meeting we are submitting the Voting Results along with Scrutinizers Report.22 Jul 2026 · AGM/EGM / AGM
Proceedings of 43rd Annual General Meeting held on Tuesday, July 21, 2026 at 5.30 p.m (IST)21 Jul 2026 · AGM/EGM / AGM
The Company has circulated e-Notice to all its shareholders outlinng the details pertaining to TDS and other applicable formalities.8 Jul 2026 · Company Update / General
Certificate u/r 74 (5) of SEBI (DP) Regulations, 2018 for quarter ended June 30, 20268 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Company has dispatched letters which has weblink and QR of Annual Report for 2025-26 to those Members whoes email ids are not registered with RTA or Depositories.3 Jul 2026 · Company Update / General
Newspaper Publication-Notice of 43rd AGM30 Jun 2026 · Company Update / Newspaper Publication
Annual Report along with Notice of 43rd AGM29 Jun 2026 · Company Update / General
The Annual Report For 2025-26 containing the Notice of 43rd AGM29 Jun 2026 · Others / Reg. 34 (1) Annual Report
The Notice of 43rd AGM schedule to be held on Tuesday, July 21, 2026.29 Jun 2026 · AGM/EGM / AGM
Intimation of Fixation of Record Date25 Jun 2026 · Corp. Action / Record Date
Intimation of 43rd Annual General Meeting schedule to be held on Tuesday, July 21, 2026 at 5.30 pm (IST) through VC/OAVM25 Jun 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Investor Meet schedule on Thursday June 04, 20261 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Investor Meet schedule on June 03, 202630 May 2026 · Company Update / Analyst / Investor Meet
Annual Secretarial Compliance Report-March 31, 202629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Clippings- Extract of Audited Financial Results for quarter and year ended March 31, 202624 May 2026 · Company Update / Newspaper Publication
The Board of Directors at its Meeting held today has recommended the Final Dividend for FY 2025-2622 May 2026 · Corp. Action / Dividend
Re-appointment of Cost Auditors for FY 2026-2722 May 2026 · Company Update / General
The Financial results for Quarter and Year ended March 31, 2026 is submitted herein22 May 2026 · Result / Financial Results
Outcome of Board Meeting-Financial Results, Dividend and Re-appointment of Cost Auditors22 May 2026 · Board Meeting / Outcome of Board Meeting
Modison Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2026 ,inter alia, to consider and approve the Audited Financial Results for ....14 May 2026 · Board Meeting / Board Meeting
Confirmation Certificate issued by Registrar & Share Transfer Agent for quarter ended March 31, 20263 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of closure of trading window w.e.f Wednesday, April 01, 2026.26 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
The intimation informing the restoration of operations at our Plant is submitted herein.24 Feb 2026 · Company Update / General
Intimation of fire incident at part of factory premises.7 Feb 2026 · Company Update / Strikes /Lockouts / Disturbances
The clippings from newspaper publications are enclosed herewith.3 Feb 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 4.0000	23 Oct 2026	23 Oct 2026	—
Final Dividend - Rs. - 3.0000	14 Jul 2026	14 Jul 2026	—
Interim Dividend - Rs. - 2.5000	8 Dec 2025	8 Dec 2025	—
Final Dividend - Rs. - 2.0000	2 Sep 2025	2 Sep 2025	—
Interim Dividend - Rs. - 1.5000	21 Feb 2025	21 Feb 2025	—
Final Dividend - Rs. - 2.0000	23 Jul 2024	—	—

Board meetings

16 Oct 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results