Modison Ltd
MODISONLTDModison Ltd is coiled. The quarters are improving, yet the P/E sits at the 28th percentile of its own 10-year range — the business is moving before the market.
The sharpest disagreement: profits are rising, but only −71% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 28th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +260.0% year on year, and −71% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Modison Ltd trades at ₹297, in a confirmed uptrend and 8 weeks into that stage. That is +49.7% against its own 200-day average. It sits at 73% of a 52-week range of ₹118 to ₹362. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 18 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹297 it trades +49.7% versus its 200-day average and sits at 73% of its 52-week range (₹118–₹362).
Against the market, two honest reads. Cumulative: over the last 10.2 years the stock moved +463% while the NIFTY 500 moved +254% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 18 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 28th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Modison Ltd trades at 11.4× P/E, near the bottom of its own range — cheaper only 28% of the time. Its long-run median P/E is 14.6×, measured across 10.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 11.4× is near the bottom of its own range — cheaper only 28% of the time, against a long-run median of 14.6× measured over 10.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +193.7% against a +64.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +27.6%/yr price move, ~+25.8%/yr came from earnings growth and ~+1.8 pp from the multiple (expanding); over 10y, of the +17.5%/yr price move, ~+21.8%/yr came from earnings growth and ~−4.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Modison Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 7 quarters ago at −25.0% and has held its recovery at +260.0% (single-quarter readings), ROCE lifting at 31.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +44.9% | +28.5% | +19.4% | +15.5% |
| Profit | +192.0% | +87.9% | +27.1% | +20.8% |
| EPS | +193.7% | +86.4% | +26.4% | +20.9% |
| Share price | +64.7% | +53.4% | +27.6% | +17.5% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
78.9/100 — rank 1 of 19 in Capital Goods - Electric General · 83% evidence confidence
Modison Ltd scores 78.9 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 29.2 + 17.4 + 12.8 + 19.5 = 78.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Modison Ltd reported ₹287 Cr of revenue in the Mar 26 quarter, +120.8% year on year. That is the 10th straight quarter of year-on-year growth. Over 11 years it has compounded at 13.8% a year. The last full year, FY26, came in at ₹710 Cr. The last four reported quarters add to ₹710 Cr.
Modison Ltd reported ₹287 Cr of revenue in the Mar 26 quarter, +120.8% year on year. That is the 10th straight quarter of year-on-year growth. Over 11 years it has compounded at 13.8% a year. The last full year, FY26, came in at ₹710 Cr. The last four reported quarters add to ₹710 Cr.
FY26 revenue came in at ₹710 Cr (+44.9% on the year), capping 11 years at 13.8% compound. The latest quarter (Mar 26) printed ₹287 Cr, +120.8% year on year — the 10th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +43.5% growth against the decade's 13.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +45.2% over the last 4 quarters against +32.4%/yr over the last 8 — accelerating; TTM profit +192.0% vs +82.2%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 25.0% this quarter (+13.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Modison Ltd's operating margin is 25.0% in the Mar 26 quarter, +13.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 11 fiscal years the operating margin has ranged 7.0% to 17.0%. The current quarter is running above every full year in that window.
Modison Ltd's operating margin is 25.0% in the Mar 26 quarter, +13.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 11 fiscal years the operating margin has ranged 7.0% to 17.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 25.0%, +13.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 7.0%–17.0%, and FY26's 17.0% is the top of that band — a record year.
Why the margin moved: operating margin went +13.0 pp year on year while gross margin went +7.4 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +260.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Modison Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +260.0% year on year. It is the 7th consecutive quarter of growth. Full-year FY26 profit was ₹73.0 Cr. The 11-year compound rate is 27.6%. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.
Modison Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +260.0% year on year. It is the 7th consecutive quarter of growth. Full-year FY26 profit was ₹73.0 Cr. The 11-year compound rate is 27.6%. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.
Mar 26 profit was ₹36.0 Cr, +260.0% year on year — the 7th consecutive quarter of growth. On the full year, FY26 printed ₹73.0 Cr (+192.0%), and the 11-year compound rate is 27.6%.
Why profit moved: revenue contributed +120.8% and the margin +13.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +235.8% vs revenue +43.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −71% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −71% of Modison Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−64.0 Cr of operating cash against ₹73.0 Cr of profit. After ₹11.0 Cr of capital spending, ₹−75.0 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.
FY26: operating cash of ₹−64.0 Cr against reported profit of ₹73.0 Cr, leaving free cash of ₹−75.0 Cr after ₹11.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −71% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −71%: the cash cycle stretched 55 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 55 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 223-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Modison Ltd's cash conversion cycle runs 223 days in FY26, up from 168 days in FY21. Capital spending ran ₹42.0 Cr over the last 3 years. At FY26 sales of ₹710 Cr each day of that cycle holds about ₹1.9 Cr, so roughly ₹434 Cr sits inside the business at any moment.
FY26: debtors at 82 days, inventory at 152 days — roughly 5.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 223 days, looser than FY21's 168.
The full loop: cash goes out to suppliers and production on day 0; stock waits 152 days to sell; customers pay about 82 days after that; and suppliers themselves are paid at 11 days — netting out to the 223-day cycle.
In money terms: at FY26 sales of ₹710 Cr, each day of the cycle holds about ₹1.9 Cr — so the 223-day loop keeps roughly ₹434 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹42.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹3.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 31% and the ROIC − WACC spread is +9.6 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Modison Ltd earns a ROCE of 31% in FY26. That is up from a trough of 10% in FY23. Return on invested capital clears the cost of that capital by +9.6 percentage points, so growth here adds value rather than only size. The wiring behind it is 10.3% net margin on 1.41× asset turns.
FY26 ROCE is 31%, recovered from a FY23 trough of 10% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 10.3% net margin × 1.41× asset turns × 1.84× balance-sheet leverage ≈ 26.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 21.6% − 12.0% = a +9.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.64.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Modison Ltd carries total debt of ₹174 Cr against shareholder equity of ₹275 Cr as of Mar 26, a debt-to-equity of 0.63. On the annual view that ratio went from 0.10 in FY22 to 0.63 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹174 Cr against shareholder equity of ₹275 Cr — a debt-to-equity of 0.63. On the annual view, debt-to-equity went from 0.10 (FY22) to 0.63 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Modison Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.1 points over the same window, to 52.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.4 points over 8 quarters to 0.9%; Promoters: +0.1 points over 8 quarters to 52.2%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Modison Ltd: the Z-score reads 4.59. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 4.59 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 4.59.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Modison Ltd this page | 11.4× | ₹897 Cr | Improving | |||
| Siemens Ltd | 46.8× | ₹1.3L Cr | Mixed | |||
| V-Guard Industries Ltd | 39.5× | ₹12,705 Cr | Turning around | |||
| Spectrum Electrical Industries Ltd | 80.7× | ₹3,585 Cr | No read | |||
| Ravindra Energy Ltd | 42.2× | ₹3,404 Cr | No read | |||
| Insolation Energy Ltd | 13.9× | ₹2,783 Cr | Improving | |||
| Insolation Energy Ltd | 12.4× | ₹2,482 Cr | — | — | — | — |
| Rishabh Instruments Ltd | 29.5× | ₹2,406 Cr | Improving | |||
| Modern Insulators Ltd | 29.1× | ₹2,324 Cr | Consistent | |||
| Exicom Tele-Systems Ltd | — | ₹2,229 Cr | No read | |||
| Servotech Renewable Power System Ltd | 57.7× | ₹2,160 Cr | Mixed | |||
| HPL Electric & Power Ltd | 22.6× | ₹2,144 Cr | Mixed | |||
| Alpex Solar Ltd | 10.6× | ₹2,136 Cr | No read | |||
| Honda India Power Products Ltd | 29.5× | ₹2,118 Cr | Mixed | |||
| IKIO Technologies Ltd | 38.2× | ₹1,583 Cr | Turning around | |||
| Igarashi Motors India Ltd | 118.0× | ₹1,436 Cr | Mixed | |||
| Modern Insulators Ltd | 16.7× | ₹1,122 Cr | Improving | |||
| Modern Insulators Ltd | 17.5× | ₹1,122 Cr | Improving | |||
| Salzer Electronics Ltd | 19.2× | ₹1,018 Cr | Mixed | |||
| Swelect Energy Systems Ltd | 19.6× | ₹930 Cr | Turning around | |||
| Kirloskar Electric Company Ltd | 95.1× | ₹829 Cr | Turning around | |||
| Focus Lighting & Fixtures Ltd | 96.1× | ₹487 Cr | Turning around |
Frequently asked questions
What is Modison Ltd's share price today?
Modison Ltd trades at ₹297, +64.7% over the past year. The company is valued at ₹897 Cr. The stock sits at 73% of its 52-week range of ₹118–₹362, +49.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 24 July 2026.
What were Modison Ltd's latest quarterly results?
Modison Ltd reported revenue of ₹287 Cr and net profit of ₹36.0 Cr for the Mar 26 quarter. Revenue rose 120.8% and profit rose 260.0% year on year. Earnings per share were ₹11.09. The operating margin was 25.0%, 13.0 pp higher than a year earlier. — as of 24 July 2026.
What is Modison Ltd's revenue?
Modison Ltd reported revenue of ₹287 Cr in the Mar 26 quarter, +120.8% year on year. For the full FY26 fiscal year, revenue was ₹710 Cr (+44.9%). Over the last 11 years revenue compounded at 13.8% a year. — as of 24 July 2026.
What is Modison Ltd's profit?
Modison Ltd earned ₹36.0 Cr of net profit in the Mar 26 quarter, +260.0% year on year — the 7th straight quarter of growth. Full-year FY26 profit was ₹73.0 Cr. The operating margin ran 25.0% in the latest quarter. — as of 24 July 2026.
What is Modison Ltd's market cap?
Modison Ltd's market capitalisation is ₹897 Cr at a share price of ₹297. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Modison Ltd's P/E ratio?
Modison Ltd trades at a P/E of 11.4×, at the 28th percentile of its own 10-year range, against a long-run median of 14.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Modison Ltd pay a dividend?
Yes — Modison Ltd's dividend payout was 25% of profit in FY26, and it recorded a payout in each of its last 11 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Modison Ltd overvalued?
On its own history, Modison Ltd looks cheap against its own history: its P/E of 11.4× has been cheaper only 28% of the time in 10 years (long-run median 14.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Modison Ltd growing?
Yes — Modison Ltd is growing: latest-quarter revenue +120.8% year on year, profit +260.0%, and the margin +13.0 pp at 25.0%. The 11-year compound rates are 13.8% (revenue) and 27.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Modison Ltd performing?
Modison Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 120.8% and profit rose 260.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 18 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Modison Ltd in?
Improving — profit growth bottomed 7 quarters ago at −25.0% and has held its recovery at +260.0% (single-quarter readings), ROCE lifting at 31.0%. The read comes from the last 12 quarters of growth (revenue growth +120.8% latest, profit growth +260.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Modison Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +49.7% versus its 200-day average and at 73% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Modison Ltd beating the market?
On recent form, yes — Modison Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 18 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.2 years the stock moved +463% against the NIFTY 500's +254% — ahead of the index over the full window. — as of 24 July 2026.
Will Modison Ltd's share price go up?
This page publishes no price forecast for Modison Ltd. What it measures instead: the share price is ₹297, the price is in a confirmed uptrend 8 weeks in. Its P/E of 11.4× sits at the 28th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Modison Ltd?
Promoters hold 52.2% of Modison Ltd, foreign institutions 0.9%, domestic institutions 0.0% and the public 46.8% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Modison Ltd have too much debt?
It is moderate — Modison Ltd's debt-to-equity is 0.64, and operating profit covers the interest bill 13×. FY26 borrowings were ₹174 Cr against equity of ₹274 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Modison Ltd's capex?
Modison Ltd spent ₹42.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹11.0 Cr, with ₹3.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Modison Ltd's cash flow?
Modison Ltd generated ₹−64.0 Cr of operating cash flow in FY26 and ₹−75.0 Cr of free cash flow after ₹11.0 Cr of capital spending. Reported profit that year was ₹73.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Modison Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −71% of Modison Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−64.0 Cr against reported profit of ₹73.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Modison Ltd?
On the balance sheet, the Z-score reads 4.59 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Modison Ltd in its business cycle?
Modison Ltd's FY26 operating margin was 17.0%, against a 11-year band of 7.0%–17.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 25.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Modison Ltd story?
The sharpest disagreement: profits are rising, but only −71% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Modison Ltd a stock worth studying right now?
This is not investment advice. The machine read: Modison Ltd is coiled. The quarters are improving, yet the P/E sits at the 28th percentile of its own 10-year range — the business is moving before the market. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.