Modison share price today

Modison Ltd's share price was ₹356.65 at the close on 4 November 2026. It has been rising for 23 weeks. That is 14.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹118 and ₹507, and at that close it sat 61% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Modison Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 11 years the share price moved +577% while the NIFTY 500 moved +232%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) and profit up on a year earlier for 9 quarters in a row.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹279 crore, +92.4% on a year earlier.

2. Profit up on a year earlier for 9 quarters in a row

   In the September 2026 quarter profit was ₹23 crore, +91.7% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Modison reported revenue of ₹279 crore, up 92.4% from ₹145 crore a year earlier, and a profit of ₹23.0 crore, up 91.7% from ₹12.0 crore.

Modison results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Modison closed at ₹356.65 on 4 November 2026, up 151.6% from ₹141.75 a year earlier (7 November 2025) and up 390.6% over five years. Its highest weekly close since May 2016 was ₹506.60 on 11 September 2026.

Modison share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

556 weekly closes from 6 May 2016 to 4 November 2026.

4 Nov 2026: Modison closed at ₹356.65, up 3.3% on the week and down 26.4% on the month. 23 Oct 2026: ex-date for an interim dividend of ₹4 a share.

Earlier

• Results for July to September 2026: Revenue up 92.4% and profit up 91.7% on a year earlier.
• 14 Jul 2026: ex-date for a dividend of ₹3 a share.
• 8 Dec 2025: ex-date for an interim dividend of ₹2.50 a share.

Modison paid ₹9.50 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 2.66% at the ₹356.65 close on 4 November 2026. The last was an interim dividend of ₹4 a share, ex-date 23 October 2026.

Modison dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Modison Ltd paid out 25% of its profit as dividends in FY26, and it paid a dividend in each of its last 11 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Modison is on one of our India lists: Dividend stocks.

Modison Ltd earned ₹23.0 Cr of net profit in the Sep 2026 quarter, +91.7% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY26 profit was ₹73.0 Cr. Over 11 years profit has grown 27.6% a year on average. That is 8.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹12.0 Cr.

For the full year, FY26 profit was ₹73.0 Cr (+192.0% on the year before).

Why profit moved: revenue changed +92.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +291.3% and revenue +83.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Modison Ltd reported ₹279 Cr of revenue in the Sep 2026 quarter, +92.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 11 years it has grown 13.8% a year on average. The last full year, FY26, came in at ₹710 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹980 Cr.

FY26 revenue was ₹710 Cr, +44.9% on the year before.

Recent pace: the last four quarters grew +83.4% on average, against 13.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +84.9%, against +46.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +242.4%, against +143.9% a year (accelerating).

Modison Ltd's operating margin was 11.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 11 years it has been between 7.0% and 17.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −5.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years Modison Ltd's operations used more cash than they brought in, so cash conversion was −71%, a gap worth watching. In FY26 its operations used ₹64.0 Cr of cash, against ₹73.0 Cr of profit. After ₹11.0 Cr of spending on assets, free cash was −₹75.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −71% of profit came in as cash: the cash cycle got 55 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 55 days longer. The next section looks at where the cash is stuck.

Modison Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 223 days in FY26, up from 168 days in FY21. It spent ₹42.0 Cr on assets over the last 3 years. Customers take 82 days to pay, and stock sits for 152 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹710 Cr, each day of that cycle ties up about ₹1.9 Cr, so roughly ₹434 Cr is tied up in the business at any time.

FY26: customers took 82 days to pay and stock sat for 152 days, about 5.0 months of sales sitting as stock, for a full cycle of 223 days, longer than FY21's 168.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 152 days. Customers pay about 82 days after that. Suppliers are paid at 11 days. Together that makes the 223-day cycle.

Spending on assets: ₹42.0 Cr over the last 3 years, against ₹24.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹3.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Modison Ltd's P/E is 9.9×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 14.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹34.88.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.