Modison Limited is a prominent India-based company specializing in the manufacturing of electrical contact materials and finished contacts for the low, medium, high, and extra-high voltage switchgear industry. Founded in 1965 by Girdharilal Madanlal Modi, the company is headquartered in Mumbai, India. The company was formerly known as `Modison Metals Limited` and was renamed `Modison Limited` on July 22, 2022.
With a strong focus on specialization, Modison has established technical collaborations, notably with DODUCO KG, Pforzheim, Germany. This partnership positions Modison as one of the select global manufacturers of silver electrical contact materials and finished contacts for various voltage switchgear applications. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 accreditations, underscoring its commitment to quality, environmental, and occupational health and safety standards.
Modison Limited operates across two primary business segments:
- Electrical Contacts: Manufacturing specialized contacts for diverse electrical applications.
- Silver Flatware: Producing items related to silver flatware.
The company also caters to other critical sectors including automotive, engineering, aerospace, marine, defense, and railways. Its extensive product portfolio is segmented by voltage applications:
- Low Voltage Electrical Contacts: Includes Silver Tin Oxide Contact, Silver Brazing Alloy, and Fine Silver- Powder/Granules, among others.
- Medium and High Voltage Electrical Contacts: Features products like Brazed Arcing Contacts, Electron-Beam Welding, and Copper Tungsten Contacts.
- Precious Metal Compounds: Such as Silver Oxide and Silver Nitrate.
The Modison Group operates manufacturing plants at two strategic locations in Western India: Vapi and Silvassa. The company's origins trace back to 1975 when Mr. G.L. Modi established the first manufacturing facility in Mumbai dedicated to silver refining, subsequently exporting refined silver to major bankers and dealers in Europe and the U.S.A.
A significant milestone in its technical development was the collaboration with DODUCO KG, Germany, a global leader in contact materials, which commenced in 1983 and continued until 1996. This collaboration fostered strong technical foundations and enhanced Modison's expertise in its specialized domain.
As of recent data, Modison Limited holds a Market Capitalization of ₹420 Crore. The company's stock has experienced volatility, with its 52-week high share price recorded at ₹232.15 and a 52-week low at ₹108.30.
- Q3 FY2024-25 (Quarter ended December 2024):
- Net Profit: ₹5.81 crore, an increase of 42.40% compared to ₹4.08 crore in Q3 FY2023-24.
- Sales: ₹121.21 crore, up 12.47% from ₹107.77 crore in Q3 FY2023-24.
- Q2 FY2024-25 (Quarter ended September 2024):
- Net Profit: ₹8.19 crore, a rise of 45.99% compared to ₹5.61 crore in Q2 FY2023-24.
- Sales: ₹122.48 crore, an increase of 26.07% from ₹97.15 crore in Q2 FY2023-24.
- Annual FY2023-24:
- Profit: ₹21.36 crore
- Total Income: ₹404.56 crore
The company's current financial standing is characterized by the following performance indicators:
- Dividend Yield: 1.92
- P/E Ratio (Price-to-Earnings): 19.78
- P/B Ratio (Price-to-Book): 2.08
- Return on Equity (ROE): 8.62% over the last 3 years, indicating a relatively low ROE.
The Board of Directors of Modison Limited, in their meeting held on February 13, 2025, recommended an interim dividend of ₹1.5 per equity share (150%), subject to shareholder approval.
The promoter holding in Modison Ltd remained stable at 52.11% as of March 2025, consistent with the figure from June 2024. This stable promoter stake suggests sustained management commitment to the company's business operations.
Modison Limited (MODISONLTD) operates within the Industrials sector, specifically in the Electrical Components & Equipment sub-sector, often categorized under Capital Goods - Electrical Equipment. The company has carved a niche in manufacturing electrical contacts, serving crucial infrastructure and industrial applications. Its established presence, combined with technical collaborations and a diversified product range, solidifies its position as a significant player in the specialized manufacturing landscape. With consistent financial results and robust operational capabilities across its manufacturing sites, Modison continues to be a key supplier of high-quality electrical contact solutions across various industries.
