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Last Updated: April 2, 2026, 4:53 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506261 | NSE: MODISONLTD

Modison Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹75.71Overvalued by 39.43%vs CMP ₹125.00

P/E (10.9) × ROE (12.1%) × BV (₹69.80) × DY (2.80%)

₹130.35Fairly Valued by 4.28%vs CMP ₹125.00
MoS: +4.1% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹95.2222%Over (-23.8%)
Graham NumberEarnings₹149.2816%Under (+19.4%)
Earnings PowerEarnings₹25.1413%Over (-79.9%)
DCFCash Flow₹321.3011%Under (+157%)
Net Asset ValueAssets₹69.587%Over (-44.3%)
EV/EBITDAEnterprise₹104.379%Over (-16.5%)
Earnings YieldEarnings₹141.907%Under (+13.5%)
ROCE CapitalReturns₹165.819%Under (+32.6%)
Revenue MultipleRevenue₹150.865%Under (+20.7%)
Consensus (9 models)₹130.35100%Fairly Valued
Key Drivers: EPS CAGR 25.8% lifts DCF — verify sustainability. | Wide model spread (₹25–₹321) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.8%

*Investments are subject to market risks

Investment Snapshot

68
Modison Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 15.5% GoodROE 12.1% GoodD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 52.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +124% YoY StrongOPM: 13.0% (up 4.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 10.9 vs industry 61.2 Cheaper than peersROCE 15.5% vs industry 16.4% Average3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:53 am

Market Cap 406 Cr.
Current Price 125
Intrinsic Value₹130.35
High / Low 197/109
Stock P/E10.9
Book Value 69.8
Dividend Yield2.80 %
ROCE15.5 %
ROE12.1 %
Face Value 1.00
PEG Ratio0.42

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Modison Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modison Ltd 406 Cr. 125 197/10910.9 69.82.80 %15.5 %12.1 % 1.00
Artemis Electricals & Projects Ltd 396 Cr. 15.8 28.0/13.041.3 3.650.03 %11.7 %9.26 % 1.00
Urja Global Ltd 472 Cr. 8.98 17.5/8.00366 3.350.00 %1.36 %0.73 % 1.00
WS Industries (India) Ltd 519 Cr. 68.4 102/59.2 31.30.00 %5.30 %10.6 % 10.0
Aaron Industries Ltd 257 Cr. 123 258/10735.6 21.10.49 %18.6 %21.0 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Modison Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 77878697108114116122121130134145144
Expenses 7076799099104108112110115126127125
Operating Profit 7117799810111591819
OPM % 10%13%8%8%8%8%7%8%9%12%6%13%13%
Other Income -8232-02-44022113
Interest 1101111212222
Depreciation 2211222222222
Profit before tax -310786921181361627
Tax % -22%26%26%26%27%28%32%25%26%27%25%26%26%
Net Profit -2866461861051220
EPS in Rs -0.632.361.701.731.261.900.352.521.792.941.483.596.18

Last Updated: March 3, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 14, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 184171168191201220219292340335405490553
Expenses 158155142159174191192252309310372445492
Operating Profit 26172631273027403025324561
OPM % 14%10%16%16%14%13%12%14%9%7%8%9%11%
Other Income 2010440-2-2-16218
Interest 3443222222367
Depreciation 67666666766810
Profit before tax 1871722242419302015293462
Tax % 34%31%37%35%30%32%20%25%26%27%27%26%
Net Profit 1251114161715221511212546
EPS in Rs 3.751.423.354.395.055.144.666.914.513.446.587.6114.19
Dividend Payout % 33%53%30%23%30%29%22%22%22%29%38%46%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-58.33%120.00%27.27%14.29%6.25%-11.76%46.67%-31.82%-26.67%90.91%19.05%
Change in YoY Net Profit Growth (%)0.00%178.33%-92.73%-12.99%-8.04%-18.01%58.43%-78.48%5.15%117.58%-71.86%

Modison Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:17%
3 Years:13%
TTM:17%
Compounded Profit Growth
10 Years:19%
5 Years:8%
3 Years:15%
TTM:52%
Stock Price CAGR
10 Years:16%
5 Years:35%
3 Years:34%
1 Year:-1%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:10%
Last Year:12%

Last Updated: September 5, 2025, 3:51 pm

Balance Sheet

Last Updated: March 3, 2026, 1:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333333333333
Reserves 9394101111124134144161173184200213223
Borrowings 2627211813212612175327385
Other Liabilities 26231919222118262129363042
Total Liabilities 147147145152162180191203214222271319354
Fixed Assets 60576160605858627069799294
CWIP 121111333101043
Investments 0000002222202
Other Assets 86888291101121128135140141180223255
Total Assets 147147145152162180191203214222271319354

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3132612194192414221-16
Cash from Investing Activity + -6-6-11-3-8-4-15-4-11-12-21-9
Cash from Financing Activity + -4-6-15-9-100-3-211-141924
Net Cash Flow -70-000-11-14-40-0
Free Cash Flow -3617911-0518310-14-32
CFO/OP 32%93%121%67%90%39%94%77%69%110%28%-18%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-10.005.0013.0014.009.001.0028.0013.0020.000.00-28.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 656563757670757562586064
Inventory Days 12213013212012415414610490109109121
Days Payable 811151114111110913119
Cash Conversion Cycle 179184180184185214209168143154158176
Working Capital Days 7581901041191301261191051179792
ROCE %18%8%17%20%17%16%14%20%14%10%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%52.11%
FIIs 0.00%0.00%0.00%0.00%0.41%0.48%0.53%0.48%0.55%0.48%0.48%0.48%
DIIs 0.00%0.00%0.25%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 47.90%47.88%47.64%47.88%47.47%47.40%47.35%47.39%47.33%47.40%47.40%47.42%
No. of Shareholders 15,73614,99614,63918,20519,04018,38021,67021,83621,26721,11521,55321,549

Shareholding Pattern Chart

No. of Shareholders

Modison Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 7.616.583.444.516.91
Diluted EPS (Rs.) 7.616.583.444.516.91
Cash EPS (Rs.) 10.088.525.396.558.79
Book Value[Excl.RevalReserv]/Share (Rs.) 66.6562.5857.5554.0750.61
Book Value[Incl.RevalReserv]/Share (Rs.) 66.7562.6857.6654.1750.72
Revenue From Operations / Share (Rs.) 151.08124.67103.15104.6390.02
PBDIT / Share (Rs.) 14.9410.067.999.8612.80
PBIT / Share (Rs.) 12.478.136.047.8210.92
PBT / Share (Rs.) 10.348.984.736.109.19
Net Profit / Share (Rs.) 7.616.583.444.516.91
NP After MI And SOA / Share (Rs.) 7.616.583.444.516.91
PBDIT Margin (%) 9.888.077.749.4114.21
PBIT Margin (%) 8.256.515.857.4712.13
PBT Margin (%) 6.847.204.585.8210.20
Net Profit Margin (%) 5.035.283.334.307.68
NP After MI And SOA Margin (%) 5.035.283.334.307.68
Return on Networth / Equity (%) 11.4110.525.988.3313.66
Return on Capital Employeed (%) 17.9912.6210.1513.9720.78
Return On Assets (%) 7.737.875.046.8311.07
Long Term Debt / Equity (X) 0.010.000.000.000.00
Total Debt / Equity (X) 0.330.150.020.090.07
Asset Turnover Ratio (%) 1.661.641.541.631.49
Current Ratio (X) 2.322.744.804.134.00
Quick Ratio (X) 0.961.202.042.132.12
Inventory Turnover Ratio (X) 4.394.633.784.313.59
Dividend Payout Ratio (NP) (%) 46.0122.780.0022.1721.69
Dividend Payout Ratio (CP) (%) 34.7317.600.0015.2717.06
Earning Retention Ratio (%) 53.9977.220.0077.8378.31
Cash Earning Retention Ratio (%) 65.2782.400.0084.7382.94
Interest Coverage Ratio (X) 8.3211.5515.1415.6120.27
Interest Coverage Ratio (Post Tax) (X) 5.426.589.029.8713.70
Enterprise Value (Cr.) 470.20410.95177.26227.52163.45
EV / Net Operating Revenue (X) 0.951.020.520.670.55
EV / EBITDA (X) 9.7012.596.837.113.94
MarketCap / Net Operating Revenue (X) 0.810.940.510.630.52
Retention Ratios (%) 53.9877.210.0077.8278.30
Price / BV (X) 1.841.870.921.220.92
Price / Net Operating Revenue (X) 0.810.940.510.630.52
EarningsYield 0.060.050.060.060.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Modison Ltd. is a Public Limited Listed company incorporated on 13/04/1983 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L51900MH1983PLC029783 and registration number is 029783. Currently company belongs to the Industry of Electric Equipment - General. Company's Total Operating Revenue is Rs. 490.24 Cr. and Equity Capital is Rs. 3.25 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - General33 Nariman Bhavan, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Girdhari Lal ModiManaging Director
Mr. Rajkumar Mohanlal ModiJoint Managing Director
Mr. Kumar Jay ModiJoint Managing Director
Mr. Jayant Govindrao KulkarniInd. Non-Executive Director
Mr. Ashok Shantilal JatiaInd. Non-Executive Director
Ms. Preeti Arvind ShahInd. Non-Executive Director

FAQ

What is the intrinsic value of Modison Ltd and is it undervalued?

As of 20 April 2026, Modison Ltd's intrinsic value is ₹130.35, which is 4.28% higher than the current market price of ₹125.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (12.1 %), book value (₹69.8), dividend yield (2.80 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Modison Ltd?

Modison Ltd is trading at ₹125.00 as of 20 April 2026, with a FY2026-2027 high of ₹197 and low of ₹109. The stock is currently near its 52-week low. Market cap stands at ₹406 Cr..

How does Modison Ltd's P/E ratio compare to its industry?

Modison Ltd has a P/E ratio of 10.9, which is below the industry average of 61.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Modison Ltd financially healthy?

Key indicators for Modison Ltd: ROCE of 15.5 % indicates efficient capital utilization. Dividend yield is 2.80 %.

Is Modison Ltd profitable and how is the profit trend?

Modison Ltd reported a net profit of ₹25 Cr in Mar 2025 on revenue of ₹490 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows an improving trend.

Does Modison Ltd pay dividends?

Modison Ltd has a dividend yield of 2.80 % at the current price of ₹125.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Modison Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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