Modison

Mumbai, India Founded: 1965 • Age: 61 yrs Listed
Manufacturers and exporters of electrical products metal recovery services
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About Modison

Modison is a publicly listed company based in Mumbai (India) founded in 1965 by G L Modi. Manufacturers and exporters of electrical products metal recovery services. The company has 559 employees. Its chief executive, as recorded, is Murli Nikam. Its Indian entity Modison Limited reported revenue of ₹719 Cr. Its focus areas include Semiconductors, Electronic Components and Diversified.

Company details

Modison, based in Mumbai, focuses on semiconductors, electronic components, and diversified. Manufacturers and exporters of electrical products metal recovery services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.

  • Headquarters Mumbai, India
  • Employees 559
  • Founders G L Modi
  • Stage Public
  • Sectors
    Technology
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website modison.com
  • Social LinkedIn X Facebook
  • Legal Name Modison Limited
Operational Areas
Technology → Electronic Manufacturing & Components
Key Metrics
  • Market Cap
    ₹1,153 Cr

    MODISONLTD · NSE

  • Share Price
    ₹361.65

    +1.82% today

  • Revenue
    ₹710 Cr

    FY 2025-26 · +44.9% YoY

  • EBITDA
    ₹107 Cr

    Margin 15.1%

  • Net Profit
    ₹78.71 Cr

    FY 2025-26 · +208.8% YoY

  • P/E (TTM)
    9.8x

    P/B 3.6x

  • ROE
    29.6%

    ROCE 28.6%

  • Debt / Equity
    0.50

    Interest cover 9.4x

  • Employee Count
    559

Board of directors of Modison Limited (Modison)

Modison Limited is the primary company behind Modison. The board of Modison Limited currently have 6 directors; the longest-serving is Rajkumar Mohanlal Modi, appointed in 1998. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajkumar Mohanlal Modi
DIN 00027449
Managing Director09 Jun 199828 yrs 5 moModison Limited
Kumar Jay Modi
DIN 00059396
Managing Director01 Apr 201214 yrs 7 moModison Limited
Girdhari Lal Modi
DIN 00027373
Managing Director09 Jul 201511 yrs 4 moModison Limited
Jayant Govindrao Kulkarni
DIN 00348942
Director09 Nov 20224 yrsModison Limited
Preeti Arvind Shah
DIN 00020287
Director13 Aug 20242 yrs 2 moModison Limited
Nandkishore Bafna
DIN 00019372
Director01 Nov 20251 yrModison Limited

People of Modison

6 people are tracked at Modison (3 in leadership, 3 in team); the tracked headcount is 559.

NameRoleGroup
G L Modi
FounderLeadership
Murli Nikam
Chief Executive OfficerLeadership
Rajkumar Modi
Joint Managing DirectorLeadership
Keyur Patel
Senior Engineer - Engineering & New Product DevelopmentTeam
Piyush Patel
Assistant ManagerTeam
Dhawal Prajapati
DGM OperationsTeam
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Complete people profiles for Modison

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

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  • Team structure
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IPO & Listings of Modison

Modison is a publicly listed company on the NSE with ticker symbol MODISONLTD in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date03 May 2021
  • Listed onNSE: MODISONLTD
  • Listed entityModison Limited
  • Exchange sectorIndustrial services
  • ISININE737D01021
  • Share price₹545.30 (+4.96% on the day) · 2026-10-14
  • Market capitalisation₹1,707 Cr
  • Price to earnings17.4
  • EPS (diluted, trailing year)₹31.30
  • Dividend yield1.05%
  • Volume (last session)193,413

Financials of Modison

Exchange-reported figures of Modison Limited, the listed company behind Modison (NSE: MODISONLTD).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹710 Cr
+44.9% YoY
EBITDA
₹107 Cr
+146.1% YoY
Profit After Tax
₹78.71 Cr
+208.8% YoY
Net Worth
₹275 Cr
+26.8% YoY
Total Assets
₹451 Cr
+54.9% YoY
Total Debt
₹174 Cr
+139.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue710490405335340292219
Revenue growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
EBITDA10743.6632.0521.5726.8836.5424.29
EBITDA margin+15.1%+8.9%+7.9%+6.4%+7.9%+12.5%+11.1%
Profit before tax96.9633.5629.1415.3419.7829.8218.85
Net profit78.7125.4917.3712.8816.9624.9317.10
Net profit margin+11.1%+5.2%+4.3%+3.9%+5.0%+8.5%+7.8%
EPS (₹)22.357.616.583.444.516.914.66
Balance sheet
Total assets451291237195195177174
Net worth275217203187176165147
Total debt17472.7631.715.0017.4211.5625.82
Cash & bank1.491.211.241.094.560.442.82
Net working capital351196140113120108105
Cash flow
Cash from operations(64.19)(16.10)(3.89)22.4914.1923.8319.23
Cash from investing(15.45)(8.62)(15.40)(12.58)(10.75)(3.85)(15.03)
Cash from financing79.6424.2919.38(13.76)0.66(20.96)(3.09)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279270287144145134130121
Revenue growth (YoY)+92.2%+101.6%+120.9%+18.6%+18.5%+15.2%--
Other income7.022.631.8012.641.263.331.770.14
EBITDA31.0949.8251.4618.9418.457.4515.3811.15
EBITDA margin+11.1%+18.4%+17.9%+13.2%+12.7%+5.6%+11.8%+9.2%
Depreciation2.362.312.552.432.402.282.412.11
Interest4.924.312.912.101.632.071.691.32
Profit before tax30.8345.8347.8027.0515.686.4313.057.86
Tax7.5311.9811.806.994.021.623.512.04
Net profit23.3033.8536.0020.0611.664.819.545.82
EPS (₹)7.1810.4311.096.183.591.482.941.79
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue710490405335340292219
Revenue growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
EBITDA10743.6732.0621.9626.8936.5424.30
EBITDA margin+15.1%+8.9%+7.9%+6.6%+7.9%+12.5%+11.1%
Profit before tax96.9433.5629.1215.3319.7829.8118.85
Net profit78.7425.5017.3812.8716.9624.9317.11
Net profit margin+11.1%+5.2%+4.3%+3.9%+5.0%+8.5%+7.8%
EPS (₹)22.367.616.583.444.516.914.66
Balance sheet
Total assets451291237195195177174
Net worth275217203187176165147
Total debt17472.7631.715.0017.4211.5625.82
Cash & bank1.240.950.971.074.320.412.79
Net working capital351195140113120108104
Cash flow
Cash from operations(64.18)(16.10)1.2422.5014.1923.8319.26
Cash from investing(15.45)(8.62)(20.54)(12.36)(10.96)(3.85)(15.09)
Cash from financing79.6524.2819.38(13.76)0.66(20.96)(3.09)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279270287144145134130121
Revenue growth (YoY)+92.2%+101.6%+120.9%+18.6%+18.5%+15.2%--
Other income7.052.631.8012.631.253.311.770.14
Total expenses248221236125127127115110
EBITDA31.0949.8251.4618.9418.457.4515.3811.16
EBITDA margin+11.1%+18.4%+17.9%+13.2%+12.7%+5.6%+11.8%+9.2%
Depreciation2.362.312.552.432.402.282.412.11
Interest4.924.312.912.101.632.071.691.32
Profit before tax30.8645.8347.8027.0415.676.4113.057.87
Tax7.5311.9811.776.994.021.623.502.05

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279270287144145134130121
Revenue growth (YoY)+92.2%+101.6%+120.9%+18.6%+18.5%+15.2%--
Other income7.022.631.8012.641.263.331.770.14
EBITDA31.0949.8251.4618.9418.457.4515.3811.15
EBITDA margin+11.1%+18.4%+17.9%+13.2%+12.7%+5.6%+11.8%+9.2%
Depreciation2.362.312.552.432.402.282.412.11
Interest4.924.312.912.101.632.071.691.32
Profit before tax30.8345.8347.8027.0515.686.4313.057.86
Tax7.5311.9811.806.994.021.623.512.04
Net profit23.3033.8536.0020.0611.664.819.545.82
EPS (₹)7.1810.4311.096.183.591.482.941.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue710490405335340292219
Revenue growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
Other income8.313.886.291.901.671.542.92
Total expenses603447373313313256195
Employee cost27.2024.8921.1920.4218.6116.6316.40
EBITDA10743.6632.0521.5726.8836.5424.29
EBITDA margin+15.1%+8.9%+7.9%+6.4%+7.9%+12.5%+11.1%
Depreciation9.658.016.286.336.616.086.18
Interest9.155.972.921.802.162.182.18
Profit before tax96.9633.5629.1415.3419.7829.8218.85
Tax24.428.877.784.165.157.383.75
Net profit78.7125.4917.3712.8816.9624.9317.10
Net profit margin+11.1%+5.2%+4.3%+3.9%+5.0%+8.5%+7.8%
EPS (₹)22.357.616.583.444.516.914.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.253.253.253.253.253.253.25
Reserves & surplus271213200184173161144
Shareholders' funds (net worth)275217203187176165147
Minority interest0.000.000.000.000.000.000.00
Secured loans17472.7621.715.0017.421.5325.82
Unsecured loans0.000.0010.000.000.0010.030.00
Total debt17472.7631.715.0017.4211.5625.82
Total liabilities451291237195195177174
Assets
Gross block15914812711110692.6282.13
Net block94.4492.0778.5368.5469.8362.3357.83
Capital work in progress3.493.5610.4510.353.033.082.89
Investments0.000.001.561.761.501.701.67
Inventories22012796.1178.5265.3759.9560.57
Sundry debtors16086.1366.2052.7457.9459.9744.96
Cash & bank balances1.491.211.241.094.560.442.82
Loans & advances17.124.197.524.047.167.657.69
Total current assets398219171136135128116
Total current liabilities47.3123.2830.6623.4315.2720.4811.52
Net working capital351196140113120108105
Total assets451291237195195177174
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.140.570.484.320.211.190.09
Net cash from operating activities(64.19)(16.10)(3.89)22.4914.1923.8319.23
Net cash from investing activities(15.45)(8.62)(15.40)(12.58)(10.75)(3.85)(15.03)
Net cash from financing activities79.6424.2919.38(13.76)0.66(20.96)(3.09)
Net change in cash0.01(0.43)0.09(3.84)4.11(0.98)1.10
Closing cash1.491.211.241.094.560.442.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
EBITDA growth+146.1%+36.2%+48.6%-19.8%-26.4%+50.4%-
PBT growth+188.9%+15.2%+90.0%-22.5%-33.7%+58.2%-19.9%
Net income growth+208.8%+46.8%+34.9%-24.1%-32.0%+45.8%-
Revenue CAGR (3Y)+28.5%+13.0%+11.5%+15.1%+19.1%+15.3%+9.2%
EBITDA CAGR (3Y)+70.8%+17.6%-4.3%-3.9%-0.5%+5.8%-2.4%
Profitability & leverage
Net income margin+10.2%+5.0%+5.3%+3.3%+4.3%+7.7%+6.9%
Return on capital employed+28.6%+15.0%+12.3%+10.1%+13.5%+20.2%+13.7%
Return on net worth+29.6%+11.8%+8.9%+7.1%+10.0%+16.0%+11.7%
Debt / equity0.500.250.090.060.090.120.18
Long-term debt / equity0.010.000.000.000.000.000.00
Interest cover9.3616.7511.3311.8110.667.1612.04
Efficiency & per share
Fixed asset turnover4.643.573.403.083.413.352.68
Inventory turnover4.094.394.634.655.424.853.62
Debtors turnover5.776.446.806.055.765.574.88
EPS (₹)22.357.616.583.444.516.914.66
Dividend per share (₹)5.503.502.501.001.001.501.00
Book value per share (₹)84.5366.6562.6857.6654.1750.7245.15
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue279270287144145134130121
Revenue growth (YoY)+92.2%+101.6%+120.9%+18.6%+18.5%+15.2%--
Other income7.052.631.8012.631.253.311.770.14
Total expenses248221236125127127115110
EBITDA31.0949.8251.4618.9418.457.4515.3811.16
EBITDA margin+11.1%+18.4%+17.9%+13.2%+12.7%+5.6%+11.8%+9.2%
Depreciation2.362.312.552.432.402.282.412.11
Interest4.924.312.912.101.632.071.691.32
Profit before tax30.8645.8347.8027.0415.676.4113.057.87
Tax7.5311.9811.776.994.021.623.502.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue710490405335340292219
Revenue growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
Other income8.283.876.261.501.661.532.91
Total expenses603447372313313256195
Employee cost27.2024.8921.1920.4218.6116.6316.40
EBITDA10743.6732.0621.9626.8936.5424.30
EBITDA margin+15.1%+8.9%+7.9%+6.6%+7.9%+12.5%+11.1%
Depreciation9.658.016.286.336.616.086.18
Interest9.155.972.921.802.162.182.18
Profit before tax96.9433.5629.1215.3319.7829.8118.85
Tax24.388.867.774.165.167.373.74
Net profit78.7425.5017.3812.8716.9624.9317.11
Net profit margin+11.1%+5.2%+4.3%+3.9%+5.0%+8.5%+7.8%
EPS (₹)22.367.616.583.444.516.914.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.253.253.253.253.253.253.25
Reserves & surplus271213200184173161144
Shareholders' funds (net worth)275217203187176165147
Secured loans17472.7621.715.0017.421.5325.82
Unsecured loans0.000.0010.000.000.0010.030.00
Total debt17472.7631.715.0017.4211.5625.82
Total liabilities451291237195195177174
Assets
Gross block15914812711110692.6282.13
Net block94.4492.0778.5368.5469.8362.3357.83
Capital work in progress3.493.5610.4510.353.033.082.89
Investments0.250.261.821.781.751.741.71
Inventories22012796.1178.5265.3759.9560.57
Sundry debtors16086.1366.2052.7457.9459.9744.96
Cash & bank balances1.240.950.971.074.320.412.79
Loans & advances17.084.187.514.047.167.657.69
Total current assets398219171136135128116
Total current liabilities47.3023.2830.6423.4315.2720.4711.52
Net working capital351195140113120108104
Total assets451291237195195177174
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.110.540.464.080.191.160.09
Net cash from operating activities(64.18)(16.10)1.2422.5014.1923.8319.26
Net cash from investing activities(15.45)(8.62)(20.54)(12.36)(10.96)(3.85)(15.09)
Net cash from financing activities79.6524.2819.38(13.76)0.66(20.96)(3.09)
Net change in cash0.02(0.43)0.08(3.62)3.89(0.97)1.07
Closing cash1.240.950.971.074.320.412.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+44.9%+21.2%+20.9%-1.4%+16.2%+33.2%-
EBITDA growth+146.1%+36.2%+46.0%-18.3%-26.4%+50.4%-
PBT growth+188.9%+15.3%+90.0%-22.5%-33.7%+58.1%-22.9%
Net income growth+208.8%+46.7%+35.0%-24.1%-32.0%+45.7%-
Revenue CAGR (3Y)+28.5%+13.0%+11.5%+15.1%+15.5%+13.2%+4.8%
EBITDA CAGR (3Y)+69.8%+17.5%-4.3%-3.3%-3.1%+10.2%-7.7%
Profitability & leverage
Net income margin+10.2%+5.0%+5.3%+3.3%+4.3%+7.7%+6.9%
Return on capital employed+28.6%+15.0%+12.3%+10.1%+13.5%+20.2%+14.3%
Return on net worth+29.6%+11.8%+8.9%+7.1%+10.0%+16.0%+12.1%
Debt / equity0.500.250.090.060.090.120.17
Long-term debt / equity0.010.000.000.000.000.000.00
Interest cover9.3516.7411.3311.5210.657.1612.03
Efficiency & per share
Fixed asset turnover4.643.573.413.083.413.352.77
Inventory turnover4.094.394.634.655.424.853.50
Debtors turnover5.776.446.806.055.765.575.03
EPS (₹)22.367.616.583.444.516.914.66
Dividend per share (₹)5.503.502.501.001.001.501.00
Book value per share (₹)84.5266.6362.5657.6554.1750.7145.15

Web traffic of Modison

The website of Modison (modison.com) receives about 1.7K visits a month.

  • Monthly visits
    1.7K

    ▼ 64.6% vs previous month

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Frequently Asked Questions about Modison

Modison was founded in 1965.

Modison is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Murli Nikam is the CEO of Modison, as recorded in our data.

Modison has 559 employees.

The primary company behind Modison, Modison Limited, reported revenue of ₹719 Cr for FY 2026, up 45% year on year.

Modison, based in Mumbai, focuses on semiconductors, electronic components, and diversified. Manufacturers and exporters of electrical products metal recovery services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.

Yes, Modison is publicly traded on NSE under the ticker symbol MODISONLTD.

Modison operates through Modison Limited.

The legal entities of Modison currently have 8 directors, including Girdhari Lal Modi, Kumar Jay Modi, Ramesh Mangilal Kothari and others.

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