BSE: 506261 | NSE: MODISONLTD | Electric Equipment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Modison Ltd is a good quality company.
The key valuation ratios of Modison Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Modison Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 16.7% | 19.5% | 18.8% | 18% | 12.7% | 18.4% | 11.9% | 8.9% | 15% | - |
| Value Creation Index ⓘ | -0.4 | 0.2 | 0.4 | 0.3 | 0.3 | -0.1 | 0.3 | -0.2 | -0.4 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 171 | 168 | 191 | 201 | 220 | 219 | 292 | 340 | 335 | 405 | 460 |
| Sales YoY Gr. | - | -1.9% | 13.4% | 5.5% | 9.5% | -0.5% | 33.2% | 16.2% | -1.4% | 20.9% | - |
| Adj EPS ⓘ | 1.5 | 3.2 | 4.5 | 4.2 | 4.5 | 4.9 | 7.6 | 5.1 | 3.8 | 5.5 | 6 |
| YoY Gr. | - | 110.5% | 40.6% | -6.2% | 7.6% | 7.9% | 54.7% | -33.3% | -25.5% | 45.9% | - |
| BVPS (₹) ⓘ | 29.9 | 32 | 35.2 | 39 | 42.3 | 45.2 | 50.6 | 54.1 | 57.5 | 62.6 | 63.4 |
| Adj Net Profit ⓘ | 4.9 | 10.4 | 14.6 | 13.7 | 14.7 | 15.9 | 24.6 | 16.4 | 12.3 | 17.9 | 20 |
| Cash Flow from Ops. ⓘ | 12.7 | 26.4 | 12.5 | 18.6 | 3.8 | 19.3 | 23.8 | 14.4 | 22.5 | -3.6 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 0.8 | 1.5 | 0.7 | 5.6 | 1.3 | 0.5 | 1.2 | 0.2 | -8.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10% | 12.9% | 11.5% | 20.9% | ||||
| Adj EPS ⓘ | 15.4% | 3.9% | -10.1% | 45.9% | ||||
| BVPSⓘ | 8.6% | 8.1% | 7.3% | 8.7% | ||||
| Share Price | 10.6% | 39.9% | 34.5% | 44.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.1 | 10.3 | 13.4 | 11.3 | 11.1 | 11.2 | 15.8 | 9.7 | 6.8 | 9.1 | 9.6 |
| Op. Profit Mgn % ⓘ | 10 | 15.5 | 16.5 | 13.5 | 13.5 | 12.4 | 13.7 | 9 | 7.3 | 8.1 | 7.9 |
| Net Profit Mgn % ⓘ | 2.9 | 6.2 | 7.7 | 6.8 | 6.7 | 7.3 | 8.4 | 4.8 | 3.7 | 4.4 | 4.3 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0 | 0.2 | 0 |
| Working Cap Days ⓘ | 168 | 166 | 149 | 168 | 181 | 203 | 163 | 145 | 150 | 144 | 67 |
| Cash Conv. Cycle ⓘ | 142 | 133 | 122 | 142 | 153 | 168 | 133 | 123 | 130 | 123 | 42 |
Return on Equity has increased versus last 3 years average to 9.60%
Sales growth is growing at healthy rate in last 3 years 11.47%
Sales growth is good in last 4 quarters at 32.61%
Net Profit has been subdued in last 3 years -10.14%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6 | 6 |
| TTM Sales (₹ Cr.) | 460 | 460 |
| BVPS (₹.) ⓘ | 63.4 | 63.4 |
| Reserves (₹ Cr.) ⓘ | 202 | 203 |
| P/BV ⓘ | 2.63 | 2.63 |
| PE ⓘ | 27.61 | 27.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 95.20 / 232.15 |
| All Time Low / High (₹) | 0.42 / 232.15 |
| Market Cap (₹ Cr.) | 540 |
| Equity (₹ Cr.) | 3.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 171 | 168 | 191 | 201 | 220 | 219 | 292 | 340 | 335 | 405 |
| Operating Expenses ⓘ | 155 | 142 | 159 | 174 | 191 | 192 | 252 | 309 | 310 | 373 |
| Manufacturing Costs | 13 | 14 | 15 | 16 | 16 | 17 | 16 | 18 | 19 | 23 |
| Material Costs | 126 | 111 | 127 | 139 | 153 | 152 | 211 | 266 | 263 | 320 |
| Employee Cost | 10 | 11 | 12 | 13 | 14 | 16 | 17 | 19 | 20 | 21 |
| Other Costs ⓘ | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 7 | 7 | 8 |
| Operating Profit ⓘ | 17 | 26 | 31 | 27 | 30 | 27 | 40 | 30 | 25 | 32 |
| Operating Profit Margin (%) | 9.7% | 15.5% | 16.5% | 13.5% | 13.4% | 12.4% | 13.7% | 9.0% | 7.3% | 7.9% |
| Other Income ⓘ | 0 | 1 | 1 | 2 | 1 | 3 | 2 | 2 | 1 | 1 |
| Interest ⓘ | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Depreciation ⓘ | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 3 | 3 | -3 | -4 | -4 | -3 | 6 |
| Profit Before Tax ⓘ | 7 | 17 | 22 | 24 | 24 | 19 | 30 | 20 | 15 | 29 |
| Tax ⓘ | 2 | 6 | 8 | 7 | 8 | 4 | 7 | 5 | 4 | 8 |
| Profit After Tax | 5 | 11 | 14 | 16 | 17 | 15 | 22 | 15 | 11 | 21 |
| PAT Margin (%) | 2.7% | 6.5% | 7.5% | 8.2% | 7.6% | 6.9% | 7.7% | 4.3% | 3.3% | 5.3% |
| Adjusted EPS (₹) | 1.4 | 3.4 | 4.4 | 5.1 | 5.1 | 4.7 | 6.9 | 4.5 | 3.4 | 6.6 |
| Dividend Payout Ratio (%) | 53% | 30% | 23% | 30% | 29% | 21% | 22% | 22% | 29% | 38% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 97 | 104 | 114 | 127 | 138 | 147 | 165 | 176 | 187 | 203 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 94 | 101 | 111 | 124 | 134 | 144 | 161 | 173 | 184 | 200 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 26 | 21 | 18 | 13 | 21 | 25 | 12 | 17 | 5 | 32 |
| Long Term Debt | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 26 | 21 | 18 | 12 | 20 | 25 | 12 | 17 | 5 | 32 |
| Trade Payables | 4 | 5 | 4 | 6 | 4 | 5 | 6 | 7 | 9 | 10 |
| Others Liabilities ⓘ | 20 | 15 | 16 | 17 | 17 | 14 | 21 | 14 | 20 | 26 |
| Total Liabilities ⓘ | 147 | 145 | 152 | 162 | 180 | 191 | 203 | 214 | 222 | 271 |
Fixed Assets | ||||||||||
| Gross Block | 108 | 118 | 64 | 70 | 75 | 80 | 90 | 103 | 107 | 123 |
| Accumulated Depreciation | 51 | 57 | 6 | 12 | 18 | 24 | 30 | 36 | 42 | 47 |
| Net Fixed Assetsⓘ | 57 | 61 | 58 | 58 | 56 | 56 | 60 | 67 | 65 | 76 |
| CWIP ⓘ | 2 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 10 | 10 |
| Investmentsⓘ | 0 | 0 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 2 |
| Inventories | 45 | 40 | 42 | 47 | 65 | 61 | 60 | 65 | 79 | 96 |
| Trade Receivables | 31 | 29 | 39 | 42 | 42 | 45 | 60 | 58 | 53 | 66 |
| Cash Equivalents | 2 | 2 | 2 | 2 | 2 | 3 | 0 | 4 | 1 | 1 |
| Others Assetsⓘ | 11 | 12 | 8 | 10 | 12 | 20 | 17 | 15 | 12 | 20 |
| Total Assets ⓘ | 147 | 145 | 152 | 162 | 180 | 191 | 203 | 214 | 222 | 271 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 13 | 26 | 12 | 19 | 4 | 19 | 24 | 14 | 22 | -4 |
| PBT ⓘ | 7 | 17 | 22 | 24 | 24 | 19 | 30 | 20 | 15 | 29 |
| Adjustment ⓘ | 10 | 9 | 8 | 7 | 8 | 9 | 10 | 8 | 11 | 6 |
| Changes in Working Capital ⓘ | -1 | 6 | -10 | -6 | -21 | -2 | -9 | -7 | 0 | -31 |
| Tax Paid ⓘ | -3 | -5 | -8 | -6 | -8 | -6 | -7 | -7 | -5 | -8 |
| Cash Flow From Investing Activity ⓘ | -6 | -11 | -3 | -8 | -4 | -15 | -4 | -11 | -12 | -16 |
| Capex | -6 | -10 | -3 | -8 | -4 | -14 | -5 | -11 | -12 | -16 |
| Net Investments | 0 | -2 | -1 | 0 | 0 | -1 | 1 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -6 | -15 | -9 | -10 | 0 | -3 | -21 | 1 | -14 | 19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -3 | -3 | -2 | -1 | -2 | -2 | -2 | -2 | -1 | -2 |
| Dividend Paid ⓘ | -4 | -7 | -4 | -4 | -6 | -6 | -5 | -3 | 0 | -5 |
| Others ⓘ | 3 | -5 | -3 | -5 | 8 | 5 | -14 | 6 | -12 | 27 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | -1 | 1 | -1 | 4 | -4 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.78 | 10.83 | 13.08 | 13.63 | 12.65 | 10.65 | 14.44 | 8.61 | 6.17 | 10.95 |
| ROCE (%) | 8.43 | 16.71 | 19.51 | 18.8 | 17.98 | 12.72 | 18.37 | 11.9 | 8.91 | 15.02 |
| Asset Turnover Ratio | 1.26 | 1.26 | 1.4 | 1.31 | 1.29 | 1.18 | 1.49 | 1.63 | 1.54 | 1.64 |
| PAT to CFO Conversion(x) | 2.6 | 2.36 | 0.86 | 1.19 | 0.24 | 1.27 | 1.09 | 0.93 | 2 | -0.19 | Working Capital Days |
| Receivable Days | 62 | 59 | 60 | 72 | 70 | 73 | 66 | 63 | 60 | 54 |
| Inventory Days | 87 | 85 | 72 | 79 | 93 | 104 | 75 | 67 | 78 | 79 |
| Payable Days | 10 | 14 | 12 | 12 | 12 | 11 | 9 | 9 | 11 | 11 |
Modison Metals Ltd was founded in 1965 by Girdharilal Madanlal Modi, Rajkumar Mohanlal Modi and Sureshchandra Purshottamdas Modi.
The company is an established manufacturer of electrical contacts made of silver and silver alloys for low, medium and high voltage switchgear industry. It makes contacts like pure silver, silver copper, silver cadmium, silver cadmium oxide (by powder metallurgy and internal oxidation), silver nickel, silver graphite, silver tungsten, silver tungsten carbide etc. These contacts are manufactured in various forms and sizes as per customer s drawings and specifications.
Situated at Vapi in Gujarat, Modison Metals offers total solution for complete range of contact parts both for arcing and main current carrying contacts; for medium and high tension switchgears. Right from silver refining to producing all the semis like oxygen free copper, CuCr / Cu CrZr, Ag Alloys, extruded sections and profiles are carried out in house.
In addition, Modison Metals also has state-of-the-art Electron Beam Welding machines, VIM furnaces, CNC machining centres and Ag platting plant all under one roof, is an added competitive edge.
Modison has dedicated in house R&D for development of leading switchgear manufacturers all over the world.
Product range of the company includes:
LV Contacts
Semis for LV / MV Silver Inlay / Overlay / Through Lay in Copper / Silver bearing Copper / Silver Bronze
Silver Targets : 4N for CD - R
Articles Of Silver
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
