# Modison share price today (Modison Ltd, NSE: MODISONLTD)

> Modison share price today: ₹348.30 at the NSE close on 3 November 2026, up 130.7% in a year. Modison (NSE: MODISONLTD) is worth ₹1,131 crore, trades at a P/E of 9.7 and has closed between ₹117.95 and ₹506.60 over the past 52 weeks. > Modison Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 17% of past readings. MODISONLTD · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/modison-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹348.30 (+130.7% in a year)
- P/E: 9.7× (lower than 83% of the last 11 years)
- Revenue (Sep 2026): ₹279 Cr (+92.4% on a year ago)
- Profit (Sep 2026): ₹23.0 Cr (+91.7% on a year ago)
- Operating margin: 11.0% (−2.0 points on a year ago)
- ROCE: 31%, FY26
- ROIC: 24.7%, against a 12.0% cost of capital: +12.7 points

The main question: profits are rising, but only −71% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Modison share price today? Modison Ltd's share price was ₹348.30 at the close on 3 November 2026. It has been rising for 23 weeks. That is 12.1% 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 59% of the way up from that low. 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 +561% 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. ## What changed at Modison this quarter? 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. ## What are Modison's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹279 crore | ₹145 crore | +92.4% |
| Profit | ₹23.0 crore | ₹12.0 crore | +91.7% |
| Earnings per share | ₹7.18 | ₹3.59 | +100.0% |
| Operating margin | 11.0% | 13.0% | −2.0 points |

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.)

## What is the Modison share price history? Modison closed at ₹348.30 on 3 November 2026, up 130.7% from ₹151.00 a year earlier (31 October 2025) and up 379.1% over five years. Its highest weekly close since May 2016 was ₹506.60 on 11 September 2026. ### Modison share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹409.45 | −14.9% |
| 1 month ago · 1 Oct 2026 | ₹484.30 | −28.1% |
| 6 months ago · 30 Apr 2026 | ₹167.20 | +108.3% |
| 1 year ago · 31 Oct 2025 | ₹151.00 | +130.7% |
| 3 years ago · 3 Nov 2023 | ₹88.17 | +295.0% |
| 5 years ago · 4 Nov 2021 | ₹72.70 | +379.1% |
| 10 years ago · 4 Nov 2016 | ₹48.40 | +619.6% |
| Earliest weekly close in our records · 6 May 2016 | ₹52.70 | +560.9% |
| Highest weekly close since May 2016, also the 52-week high · 11 Sep 2026 | ₹506.60 | −31.2% |
| Lowest weekly close since May 2016 · 27 Mar 2020 | ₹24.55 | +1,318.7% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹117.95 | +195.3% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (556 weekly closes from 6 May 2016 to 3 November 2026.)

## What is the latest news on Modison? 3 Nov 2026: Modison closed at ₹348.30, down 14.9% on the week and down 28.1% 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. ## What dividend does Modison pay? Modison paid ₹9.50 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 2.73% at the ₹348.30 close on 3 November 2026. The last was an interim dividend of ₹4 a share, ex-date 23 October 2026. ### Modison dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 23 Oct 2026 | ₹4 | Interim | same day |
| 14 Jul 2026 | ₹3 | Dividend | same day |
| 8 Dec 2025 | ₹2.50 | Interim | same day |
| 2 Sep 2025 | ₹2 | Dividend | same day |
| 21 Feb 2025 | ₹1.50 | Interim | same day |
| 23 Jul 2024 | ₹2 | Dividend | same day |
| 23 Feb 2024 | ₹0.50 | Interim | same day |
| 17 Jul 2023 | ₹1 | Dividend | n/a |
| 23 Feb 2022 | ₹1 | Interim | 24 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is Modison on? Modison is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 2.86](https://www.sectoralpha.in/dividend-stocks-india)

## Is Modison profitable? 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. 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. ## How much revenue does Modison make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Modison keep? 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. 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. ## Is Modison's profit turning into cash? 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. 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. ## Where does Modison's cash go? 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. 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. ## What is Modison's P/E ratio, and how does it compare with its own history? Modison Ltd's P/E is 9.7×, near the low end of its own history: it has been lower only 17% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +193.7% while the price moved +130.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +36.8% a year; about +33.7% a year came from earnings growth and about +3.1 percentage points from the multiple (the market paying more); over 10 years the price moved +21.8% a year; about +26.8% a year came from earnings growth and about −5.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Modison business getting better or worse? Modison Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 22.4%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Modison earn on its capital? Modison Ltd earned a ROCE of 31% in FY26. That is up from a low of 10% in FY23. Its return on capital used (ROIC) is 12.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.3% net margin and 1.41× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.3% net margin × 1.41× asset turnover × 1.84× leverage (assets divided by equity) ≈ 26.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 24.7% − 12.0% = +12.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 24.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 22.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Modison have too much debt? Modison Ltd has total debt of ₹222 Cr against shareholder equity of ₹322 Cr as of Sep 2026, so its debt is 0.69× its equity. Year by year, that ratio went from 0.10 in FY22 to 0.63 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Modison shareholding pattern? No group of Modison Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.1 points over the same period, to 52.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.7 points over 8 quarters, to 1.3%; Promoters: +0.1 points over 8 quarters, to 52.2%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Modison from balance-sheet trouble? For Modison Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Modison rank in its industry? 78.0 out of 100, rank 1 of 19 in Capital Goods - Electric General, with 100% of the evidence available. Modison Ltd scores 78.0 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.1 + 17.1 + 15.1 + 18.7 = 78. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Modison compared with? Modison ranks 1 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 78.0 out of 100. 1. Modison Ltd this page MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative
15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Modison in size? Modison is the 14th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Servotech Renewable Power System, IKIO Technologies and Modern Insulators. Just below it: Igarashi Motors India, Swelect Energy Systems and Salzer Electronics. ### Capital Goods - Electric General companies close in size

1. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) ₹1,402 crore
2. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) ₹1,244 crore
3. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore
4. Modison Ltd ₹1,117 crore
5. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) ₹1,112 crore
6. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) ₹885 crore
7. [Salzer Electronics Ltd](https://www.sectoralpha.in/stocks/salzer-electronics-ltd) ₹824 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore · Capital Goods - Electric General
2. [ADC India Communications Ltd](https://www.sectoralpha.in/stocks/adc-india-communications-ltd) ₹1,118 crore · Telecom Services
3. Modison Ltd ₹1,117 crore
4. [Matrimony.com Ltd](https://www.sectoralpha.in/stocks/matrimonycom-ltd) ₹1,116 crore · Platform - Matrimony
5. [3B Blackbio DX Ltd](https://www.sectoralpha.in/stocks/3b-blackbio-dx-ltd) ₹1,112 crore · Diagnostics

## What else do people ask about Modison? ### What is Modison's share price today? Modison Ltd's share price is ₹348.30, +130.7% over the past year. The whole company is worth ₹1,131 Cr on the market. In the last 52 weeks it traded between ₹118 to ₹507; today it is 59% of the way up from the low, 12.1% above its 200-day average (as of 3 November 2026). ### What were Modison's latest quarterly results? Modison Ltd reported revenue of ₹279 Cr and net profit of ₹23.0 Cr for the Sep 2026 quarter. Revenue rose 92.4% and profit rose 91.7% compared with a year earlier. Earnings per share were ₹7.18. The operating margin was 11.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Modison's market cap? Modison Ltd's market capitalisation is ₹1,131 Cr at a share price of ₹348.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Modison performing? Modison Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 92.4% and profit rose 91.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Modison's share price go up? This page does not forecast Modison Ltd's share price. What it shows instead: the share price is ₹348.30, and it has been rising for 23 weeks. Its P/E of 9.7× is higher than 17% of its own last 11 years (as of 3 November 2026). ### Does Modison have too much debt? Modison Ltd has a moderate amount of debt: its debt is 0.64× its equity, and its operating profit is 13 times its interest bill. FY26 borrowings were ₹174 Cr against equity of ₹274 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Modison in its business cycle? Modison Ltd's FY26 operating margin was 17.0%, against a 11-year range of 7.0% to 17.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Modison story? The main question: profits are rising, but only −71% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Modison a stock worth studying right now? What the numbers show: Modison Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 17% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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