MODISONLTD

Modison share price & financials

Price
₹322.15
Market cap
₹1.6k Cr
Sector
Capital Goods

What Modison does

Modison Limited manufactures electrical contact materials and finished contacts — silver, copper-tungsten and copper-chromium alloy based — used inside switchgear for the power, electrical T&D, defence, railways, pharma and glass industries, covering Low, Medium, High and Extra-High Voltage applications under one roof. It also produces precious-metal compounds such as silver nitrate, silver sulphate and silver oxide, and runs a silver/copper refining operation feeding a B2C bullion and cutlery business under the Pearl, Empire, Italia and Victoria brands. Manufacturing is carried out at two plants — Modison Ltd at Vapi, Gujarat and group company Modison Copper Pvt Ltd at Silvassa — with products exported to customers across North America, South America, Europe, the Middle East and Asia. The company began in 1975 as a silver-refining unit and commenced electrical-contact manufacturing in 1978.

Segments

  • Low Voltage (LV) contacts
  • Medium Voltage (MV) contacts
  • High Voltage (HV) contacts
  • Precious Metal Compounds
  • B2C bullion & cutlery
Manufacturing plants
2 (Modison Ltd, Vapi, Gujarat; Modison Copper Pvt Ltd, Silvassa)
Manufacturing built-up area
~18,119 sq mt combined (11,783 sq mt at Vapi + 6,336 sq mt at Silvassa)
HV contact production capacity
0.4 million arcing contacts
LV processing capacity
1,000 MT (fully automated line)
MV compacting press capacity
400 tonnes
Export footprint
20+ countries across North America, South America, Europe, Middle East and Asia
Founded 1975Headquarters Mumbai, Maharashtra, IndiaEmployees 500 (FY24) Company website

Quarterly results

Q1 FY27: revenue up 101.5%, net profit up 580.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue122 121 130 134 145 +19%144 +19%287 +121%270 +101%
EBITDA10 11 15 9 18 +80%19 +73%71 +373%50 +456%
Net profit8 6 10 5 12 +50%20 +233%36 +260%34 +580%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +212.5% 1Y

₹100₹200₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹160.96 on 10 Sept 2025 → ₹503.05. High ₹520.65 (2 Sept 2026), low ₹114.59 (23 Mar 2026).

Financials, as filed

Revenue grew 28.6% a year over 3 years, FY23 to FY26. Operating margin widened to 16.5%.

Year endingFY23FY24FY25FY26
Revenue₹334 Cr₹405 Cr₹489 Cr₹710 Cr
Operating profit₹24 Cr₹32 Cr₹44 Cr₹117 Cr
Operating margin7.2%7.9%9.0%16.5%
Interest₹2 Cr₹3 Cr₹6 Cr₹9 Cr
Depreciation₹8 Cr₹6 Cr₹8 Cr₹9 Cr
Net profit₹11 Cr₹22 Cr₹25 Cr₹73 Cr
Net margin3.3%5.4%5.1%10.3%
Cash from operations₹22 Cr₹1 Cr₹-16 Cr₹-64 Cr
Free cash flow₹10 Cr₹-14 Cr₹-32 Cr₹-79 Cr
ROCE10.0%12.0%15.0%31.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr
Reserves₹161 Cr₹173 Cr₹184 Cr₹200 Cr₹223 Cr₹271 Cr
Borrowings₹12 Cr₹17 Cr₹5 Cr₹32 Cr₹85 Cr₹174 Cr
Other liabilities₹26 Cr₹21 Cr₹29 Cr₹36 Cr₹42 Cr₹54 Cr
Total liabilities₹203 Cr₹214 Cr₹222 Cr₹271 Cr₹354 Cr₹503 Cr
Fixed assets₹62 Cr₹70 Cr₹69 Cr₹79 Cr₹94 Cr₹94 Cr
Capital work in progress₹3 Cr₹3 Cr₹10 Cr₹10 Cr₹3 Cr₹3 Cr
Investments₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹0 Cr
Other assets₹135 Cr₹140 Cr₹141 Cr₹180 Cr₹255 Cr₹405 Cr
Total assets₹203 Cr₹214 Cr₹222 Cr₹271 Cr₹354 Cr₹503 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.56 pp while FIIs added +0.44 pp. The shareholder count grew 1% to 21,401.

Promoters
52.2%
FIIs
0.9%
Public
46.8%

Since Jun 2025

  • Public −0.56 pp
  • FIIs +0.44 pp
  • Promoters +0.12 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 52.1%, DIIs 0.3%, Public 47.6%.Dec '23: Promoters 52.1%, Public 47.9%.Mar '24: Promoters 52.1%, FIIs 0.4%, Public 47.5%.Jun '24: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Sep '24: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Dec '24: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Mar '25: Promoters 52.1%, FIIs 0.6%, Public 47.3%.Jun '25: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Sep '25: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Dec '25: Promoters 52.1%, FIIs 0.5%, Public 47.4%.Mar '26: Promoters 52.2%, FIIs 0.5%, Public 47.4%.Jun '26: Promoters 52.2%, FIIs 0.9%, Public 46.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Modison above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Girdharilal Modi 23.37%unchanged
Rajkumar Modi 20.79%unchanged
Prakash Chandra Modi 14.33%unchanged
Kumar Jay Girdharilal Modi 5.58%+0.06 pp
Lalitadevi Modi 1.60%unchanged
Modison Copper Private Limited 1.26%unchanged
Sarla Girdharilal Modi 0.86%unchanged
Anshika Mukund Nemani . 0.23%unchanged
Paridhi Kumar Jay Modi 0.13%unchanged
Manju Kashiprasad Modi 0.01%unchanged
Chandramani Devi Modi 0.00%unchanged
Rashmi R Modi 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Modison

Guides on how to read this kind of business and the numbers that matter.