Market Cap ₹454 Cr.
Stock P/E 19.9
P/B 2.3
Current Price ₹140
Book Value ₹ 61.3
Face Value 1
52W High ₹158
Dividend Yield 0.71%
52W Low ₹ 66
Modison Ltd is a dynamic and innovative company operating in the field of electrical and electronic components. With a strong global presence, Modison has established itself as a trusted manufacturer and supplier of high-quality products. Specializing in precision-made copper and copper alloy wires, Modison serves various industries such as automotive, electronics, telecommunications, and renewable energy. The company prides itself on its cutting-edge technology and state-of-the-art manufacturing facilities, enabling them to produce wires that meet the stringent requirements of their customers. Modison's commitment to quality is reflected in their adherence to international standards and certifications. In addition to their core product line, Modison also offers a range of complementary services, including customized solutions, technical support, and prompt delivery. Their team of skilled professionals and engineers work closely with clients to understand their unique requirements and provide tailored solutions. Modison Ltd continues to strive for excellence, fostering long-term partnerships and contributing to technological advancements in the industry.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 96 | 74 | 100 | 90 | 80 | 77 | 87 | 86 | 97 | 108 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Total Income | 96 | 74 | 101 | 90 | 80 | 78 | 88 | 86 | 97 | 108 |
| Total Expenditure | 87 | 69 | 91 | 85 | 78 | 70 | 76 | 79 | 90 | 99 |
| Operating Profit | 9 | 5 | 10 | 5 | 2 | 8 | 11 | 7 | 7 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 |
| Exceptional Income / Expenses | 0 | 0 | -1 | 4 | 1 | -9 | 1 | 2 | 2 | -1 |
| Profit Before Tax | 7 | 4 | 6 | 7 | 1 | -3 | 10 | 7 | 8 | 6 |
| Provision for Tax | 2 | 1 | 2 | 2 | 0 | -1 | 3 | 2 | 2 | 1 |
| Profit After Tax | 5 | 3 | 5 | 5 | 0 | -2 | 8 | 6 | 6 | 4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 5 | 3 | 5 | 5 | 0 | -2 | 8 | 6 | 6 | 4 |
| Adjusted Earnings Per Share | 1.7 | 0.9 | 1.5 | 1.6 | 0.1 | -0.6 | 2.4 | 1.7 | 1.7 | 1.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 171 | 168 | 191 | 201 | 219 | 292 | 340 | 335 | 378 |
| Other Income | 0 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 0 |
| Total Income | 172 | 169 | 191 | 203 | 222 | 294 | 341 | 336 | 379 |
| Total Expenditure | 155 | 142 | 159 | 174 | 192 | 252 | 309 | 310 | 344 |
| Operating Profit | 17 | 27 | 32 | 29 | 30 | 42 | 32 | 26 | 34 |
| Interest | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 7 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 3 | -3 | -4 | -4 | -3 | 4 |
| Profit Before Tax | 7 | 17 | 22 | 24 | 19 | 30 | 20 | 15 | 31 |
| Provision for Tax | 2 | 6 | 8 | 7 | 4 | 7 | 5 | 4 | 8 |
| Profit After Tax | 5 | 11 | 14 | 16 | 15 | 22 | 15 | 11 | 24 |
| Adjustments | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 5 | 11 | 14 | 16 | 15 | 22 | 15 | 11 | 24 |
| Adjusted Earnings Per Share | 1.4 | 3.4 | 4.4 | 5.1 | 4.7 | 6.9 | 4.5 | 3.4 | 7.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -1% | 15% | 12% | 0% |
| Operating Profit CAGR | -19% | -5% | -4% | 0% |
| PAT CAGR | -27% | -10% | -5% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 100% | 35% | 28% | 14% |
| ROE Average | 6% | 10% | 11% | 10% |
| ROCE Average | 9% | 13% | 14% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 97 | 104 | 114 | 127 | 147 | 165 | 176 | 187 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9 | 9 | 9 | 8 | 7 | 6 | 6 | 6 |
| Total Current Liabilities | 41 | 31 | 29 | 27 | 37 | 32 | 33 | 28 |
| Total Liabilities | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 |
| Fixed Assets | 57 | 61 | 58 | 58 | 56 | 60 | 67 | 65 |
| Other Non-Current Assets | 9 | 9 | 9 | 10 | 19 | 14 | 13 | 20 |
| Total Current Assets | 81 | 75 | 85 | 94 | 116 | 128 | 135 | 136 |
| Total Assets | 148 | 145 | 152 | 162 | 191 | 203 | 214 | 222 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 4 |
| Cash Flow from Operating Activities | 13 | 26 | 12 | 19 | 19 | 24 | 14 | 22 |
| Cash Flow from Investing Activities | -6 | -11 | -3 | -8 | -15 | -4 | -11 | -13 |
| Cash Flow from Financing Activities | -6 | -15 | -9 | -10 | -3 | -21 | 1 | -14 |
| Net Cash Inflow / Outflow | 0 | -0 | -0 | 0 | 1 | -1 | 4 | -4 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 1 | 1 | 0 | 4 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.42 | 3.35 | 4.4 | 5.05 | 4.66 | 6.91 | 4.51 | 3.44 |
| CEPS(Rs) | 3.46 | 5.32 | 6.37 | 6.99 | 6.56 | 8.79 | 6.55 | 5.39 |
| DPS(Rs) | 0.75 | 1 | 1 | 1.5 | 1 | 1.5 | 1 | 1 |
| Book NAV/Share(Rs) | 29.89 | 32.04 | 35.16 | 39.01 | 45.15 | 50.61 | 54.07 | 57.55 |
| Core EBITDA Margin(%) | 8.93 | 14.23 | 15.09 | 13.19 | 12.37 | 13.73 | 8.96 | 7.33 |
| EBIT Margin(%) | 5.55 | 11.32 | 12.07 | 12.47 | 9.6 | 10.95 | 6.46 | 5.12 |
| Pre Tax Margin(%) | 3.57 | 9.36 | 10.62 | 11.46 | 8.6 | 10.21 | 5.83 | 4.58 |
| PAT Margin (%) | 2.48 | 5.93 | 6.86 | 7.99 | 6.89 | 7.68 | 4.31 | 3.34 |
| Cash Profit Margin (%) | 6.04 | 9.4 | 9.94 | 11.05 | 9.71 | 9.76 | 6.26 | 5.23 |
| ROA(%) | 3.12 | 7.45 | 9.62 | 10.44 | 8.57 | 11.41 | 7.02 | 5.13 |
| ROE(%) | 4.75 | 10.83 | 13.08 | 13.63 | 11.07 | 14.44 | 8.61 | 6.17 |
| ROCE(%) | 8.34 | 16.71 | 19.52 | 18.8 | 13.48 | 18.38 | 11.9 | 8.91 |
| Receivable days | 60.02 | 59.06 | 59.78 | 72.19 | 72.29 | 65.55 | 63.38 | 60.35 |
| Inventory Days | 88.37 | 84.5 | 71.67 | 78.93 | 89.58 | 75.3 | 67.36 | 78.45 |
| Payable days | 10.94 | 13.69 | 11.91 | 12.83 | 12.89 | 9.17 | 8.63 | 10.99 |
| PER(x) | 29.36 | 14.95 | 15.11 | 11.27 | 6.94 | 6.79 | 14.67 | 15.51 |
| Price/Book(x) | 1.39 | 1.57 | 1.89 | 1.46 | 0.72 | 0.93 | 1.22 | 0.93 |
| Dividend Yield(%) | 1.8 | 1.99 | 1.51 | 2.63 | 3.09 | 3.19 | 1.51 | 1.87 |
| EV/Net Sales(x) | 0.93 | 1.08 | 1.22 | 0.97 | 0.58 | 0.56 | 0.67 | 0.53 |
| EV/Core EBITDA(x) | 9.43 | 6.69 | 7.25 | 6.8 | 4.26 | 3.92 | 7.09 | 6.81 |
| Net Sales Growth(%) | 0 | -1.93 | 13.4 | 5.48 | 8.99 | 33.22 | 16.23 | -1.42 |
| EBIT Growth(%) | 0 | 101.19 | 20.82 | 1.99 | -17.78 | 52.01 | -31.4 | -21.88 |
| PAT Growth(%) | 0 | 136.41 | 31.11 | 14.96 | -7.83 | 48.42 | -34.79 | -23.61 |
| EPS Growth(%) | 0 | 136.43 | 31.07 | 14.99 | -7.83 | 48.42 | -34.79 | -23.61 |
| Debt/Equity(x) | 0.28 | 0.2 | 0.16 | 0.11 | 0.18 | 0.07 | 0.1 | 0.03 |
| Current Ratio(x) | 1.97 | 2.4 | 2.97 | 3.53 | 3.11 | 4 | 4.13 | 4.8 |
| Quick Ratio(x) | 0.88 | 1.11 | 1.51 | 1.77 | 1.49 | 2.12 | 2.13 | 2.04 |
| Interest Cover(x) | 2.81 | 5.79 | 8.34 | 12.28 | 9.64 | 14.7 | 10.18 | 9.5 |
| Total Debt/Mcap(x) | 0.2 | 0.13 | 0.08 | 0.07 | 0.25 | 0.08 | 0.08 | 0.03 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 | 52.11 |
| FII | 0.21 | 0.17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.41 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.25 | 0 | 0 |
| Public | 47.67 | 47.71 | 47.89 | 47.89 | 47.89 | 47.89 | 47.89 | 47.64 | 47.89 | 47.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 | 1.69 |
| FII | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Public | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.54 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
Pros
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