
About Modison Limited
Data last updated:
Modison Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 April 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51900MH1983PLC029783. Its GSTIN is 27AAACA3768N1ZA (Maharashtra). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 506261 and NSE: MODISONLTD.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.25 Cr. It was formerly known as Anuj Commercial Limited. It is led by directors including Girdhari Lal Modi (Managing Director) and Kumar Jay Modi (Managing Director).
Its last annual general meeting (AGM) was held on 21 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 33 Nariman Bhavan 227 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹710.33 Cr, a growth of 44.9% compared to the previous year. For the same year it recorded a net profit of ₹78.71 Cr (net margin 11.1%) and EBITDA of ₹107.45 Cr (EBITDA margin 15.1%). The net worth stands at ₹274.66 Cr (up 26.8% YoY). Total assets are valued at ₹451.22 Cr (up 54.9% YoY).
The company has about 279 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Modison. As per MCA filings, the company has open charges of ₹281.06 Cr and satisfied charges of ₹304.54 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 27 deals on record (27 market trades); the latest was in September 2024. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 108 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modison.com.
Company details
CIN history
Modison has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51900MH1983PLC029783, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51900MH1983PLC029783 | Current |
| U51900MH1983PLC029783 | Previous |
| U51900MH1983PTC029783 | Previous |
Contact details
Modison Limited's registered office is in Mumbai, Maharashtra. Its website is modison.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address33 Nariman Bhavan 227 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Modison Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Modison operates one associated brand: Modison. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturers and exporters of electrical products & metal recovery services | modison.com |
Business activity
The main business activity of Modison is manufacturing. In detail, this covers manufacture of electrical equipment and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Modison Limited, buy the company report.
Financials of Modison Limited
FY 2025-26 filings availableModison Limited reported revenue of ₹710.33 Cr (up 44.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 710 | 490 | 405 | 335 | 340 | 292 | 219 |
| Revenue growth | +44.9% | +21.2% | +20.9% | -1.4% | +16.2% | +33.2% | - |
| EBITDA | 107 | 43.66 | 32.05 | 21.57 | 26.88 | 36.54 | 24.29 |
| EBITDA margin | +15.1% | +8.9% | +7.9% | +6.4% | +7.9% | +12.5% | +11.1% |
| Profit before tax | 96.96 | 33.56 | 29.14 | 15.34 | 19.78 | 29.82 | 18.85 |
| Net profit | 78.71 | 25.49 | 17.37 | 12.88 | 16.96 | 24.93 | 17.10 |
| Net profit margin | +11.1% | +5.2% | +4.3% | +3.9% | +5.0% | +8.5% | +7.8% |
| EPS (₹) | 22.35 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Balance sheet | |||||||
| Total assets | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Net worth | 275 | 217 | 203 | 187 | 176 | 165 | 147 |
| Total debt | 174 | 72.76 | 31.71 | 5.00 | 17.42 | 11.56 | 25.82 |
| Cash & bank | 1.49 | 1.21 | 1.24 | 1.09 | 4.56 | 0.44 | 2.82 |
| Net working capital | 351 | 196 | 140 | 113 | 120 | 108 | 105 |
| Cash flow | |||||||
| Cash from operations | (64.19) | (16.10) | (3.89) | 22.49 | 14.19 | 23.83 | 19.23 |
| Cash from investing | (15.45) | (8.62) | (15.40) | (12.58) | (10.75) | (3.85) | (15.03) |
| Cash from financing | 79.64 | 24.29 | 19.38 | (13.76) | 0.66 | (20.96) | (3.09) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 279 | 270 | 287 | 144 | 145 | 134 | 130 | 121 |
| Revenue growth (YoY) | +92.2% | +101.6% | +120.9% | +18.6% | +18.5% | +15.2% | - | - |
| Other income | 7.02 | 2.63 | 1.80 | 12.64 | 1.26 | 3.33 | 1.77 | 0.14 |
| EBITDA | 31.09 | 49.82 | 51.46 | 18.94 | 18.45 | 7.45 | 15.38 | 11.15 |
| EBITDA margin | +11.1% | +18.4% | +17.9% | +13.2% | +12.7% | +5.6% | +11.8% | +9.2% |
| Depreciation | 2.36 | 2.31 | 2.55 | 2.43 | 2.40 | 2.28 | 2.41 | 2.11 |
| Interest | 4.92 | 4.31 | 2.91 | 2.10 | 1.63 | 2.07 | 1.69 | 1.32 |
| Profit before tax | 30.83 | 45.83 | 47.80 | 27.05 | 15.68 | 6.43 | 13.05 | 7.86 |
| Tax | 7.53 | 11.98 | 11.80 | 6.99 | 4.02 | 1.62 | 3.51 | 2.04 |
| Net profit | 23.30 | 33.85 | 36.00 | 20.06 | 11.66 | 4.81 | 9.54 | 5.82 |
| EPS (₹) | 7.18 | 10.43 | 11.09 | 6.18 | 3.59 | 1.48 | 2.94 | 1.79 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 710 | 490 | 405 | 335 | 340 | 292 | 219 |
| Revenue growth | +44.9% | +21.2% | +20.9% | -1.4% | +16.2% | +33.2% | - |
| EBITDA | 107 | 43.67 | 32.06 | 21.96 | 26.89 | 36.54 | 24.30 |
| EBITDA margin | +15.1% | +8.9% | +7.9% | +6.6% | +7.9% | +12.5% | +11.1% |
| Profit before tax | 96.94 | 33.56 | 29.12 | 15.33 | 19.78 | 29.81 | 18.85 |
| Net profit | 78.74 | 25.50 | 17.38 | 12.87 | 16.96 | 24.93 | 17.11 |
| Net profit margin | +11.1% | +5.2% | +4.3% | +3.9% | +5.0% | +8.5% | +7.8% |
| EPS (₹) | 22.36 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Balance sheet | |||||||
| Total assets | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Net worth | 275 | 217 | 203 | 187 | 176 | 165 | 147 |
| Total debt | 174 | 72.76 | 31.71 | 5.00 | 17.42 | 11.56 | 25.82 |
| Cash & bank | 1.24 | 0.95 | 0.97 | 1.07 | 4.32 | 0.41 | 2.79 |
| Net working capital | 351 | 195 | 140 | 113 | 120 | 108 | 104 |
| Cash flow | |||||||
| Cash from operations | (64.18) | (16.10) | 1.24 | 22.50 | 14.19 | 23.83 | 19.26 |
| Cash from investing | (15.45) | (8.62) | (20.54) | (12.36) | (10.96) | (3.85) | (15.09) |
| Cash from financing | 79.65 | 24.28 | 19.38 | (13.76) | 0.66 | (20.96) | (3.09) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 279 | 270 | 287 | 144 | 145 | 134 | 130 | 121 |
| Revenue growth (YoY) | +92.2% | +101.6% | +120.9% | +18.6% | +18.5% | +15.2% | - | - |
| Other income | 7.05 | 2.63 | 1.80 | 12.63 | 1.25 | 3.31 | 1.77 | 0.14 |
| Total expenses | 248 | 221 | 236 | 125 | 127 | 127 | 115 | 110 |
| EBITDA | 31.09 | 49.82 | 51.46 | 18.94 | 18.45 | 7.45 | 15.38 | 11.16 |
| EBITDA margin | +11.1% | +18.4% | +17.9% | +13.2% | +12.7% | +5.6% | +11.8% | +9.2% |
| Depreciation | 2.36 | 2.31 | 2.55 | 2.43 | 2.40 | 2.28 | 2.41 | 2.11 |
| Interest | 4.92 | 4.31 | 2.91 | 2.10 | 1.63 | 2.07 | 1.69 | 1.32 |
| Profit before tax | 30.86 | 45.83 | 47.80 | 27.04 | 15.67 | 6.41 | 13.05 | 7.87 |
| Tax | 7.53 | 11.98 | 11.77 | 6.99 | 4.02 | 1.62 | 3.50 | 2.05 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 279 | 270 | 287 | 144 | 145 | 134 | 130 | 121 |
| Revenue growth (YoY) | +92.2% | +101.6% | +120.9% | +18.6% | +18.5% | +15.2% | - | - |
| Other income | 7.02 | 2.63 | 1.80 | 12.64 | 1.26 | 3.33 | 1.77 | 0.14 |
| EBITDA | 31.09 | 49.82 | 51.46 | 18.94 | 18.45 | 7.45 | 15.38 | 11.15 |
| EBITDA margin | +11.1% | +18.4% | +17.9% | +13.2% | +12.7% | +5.6% | +11.8% | +9.2% |
| Depreciation | 2.36 | 2.31 | 2.55 | 2.43 | 2.40 | 2.28 | 2.41 | 2.11 |
| Interest | 4.92 | 4.31 | 2.91 | 2.10 | 1.63 | 2.07 | 1.69 | 1.32 |
| Profit before tax | 30.83 | 45.83 | 47.80 | 27.05 | 15.68 | 6.43 | 13.05 | 7.86 |
| Tax | 7.53 | 11.98 | 11.80 | 6.99 | 4.02 | 1.62 | 3.51 | 2.04 |
| Net profit | 23.30 | 33.85 | 36.00 | 20.06 | 11.66 | 4.81 | 9.54 | 5.82 |
| EPS (₹) | 7.18 | 10.43 | 11.09 | 6.18 | 3.59 | 1.48 | 2.94 | 1.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 710 | 490 | 405 | 335 | 340 | 292 | 219 |
| Revenue growth | +44.9% | +21.2% | +20.9% | -1.4% | +16.2% | +33.2% | - |
| Other income | 8.31 | 3.88 | 6.29 | 1.90 | 1.67 | 1.54 | 2.92 |
| Total expenses | 603 | 447 | 373 | 313 | 313 | 256 | 195 |
| Employee cost | 27.20 | 24.89 | 21.19 | 20.42 | 18.61 | 16.63 | 16.40 |
| EBITDA | 107 | 43.66 | 32.05 | 21.57 | 26.88 | 36.54 | 24.29 |
| EBITDA margin | +15.1% | +8.9% | +7.9% | +6.4% | +7.9% | +12.5% | +11.1% |
| Depreciation | 9.65 | 8.01 | 6.28 | 6.33 | 6.61 | 6.08 | 6.18 |
| Interest | 9.15 | 5.97 | 2.92 | 1.80 | 2.16 | 2.18 | 2.18 |
| Profit before tax | 96.96 | 33.56 | 29.14 | 15.34 | 19.78 | 29.82 | 18.85 |
| Tax | 24.42 | 8.87 | 7.78 | 4.16 | 5.15 | 7.38 | 3.75 |
| Net profit | 78.71 | 25.49 | 17.37 | 12.88 | 16.96 | 24.93 | 17.10 |
| Net profit margin | +11.1% | +5.2% | +4.3% | +3.9% | +5.0% | +8.5% | +7.8% |
| EPS (₹) | 22.35 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves & surplus | 271 | 213 | 200 | 184 | 173 | 161 | 144 |
| Shareholders' funds (net worth) | 275 | 217 | 203 | 187 | 176 | 165 | 147 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 174 | 72.76 | 21.71 | 5.00 | 17.42 | 1.53 | 25.82 |
| Unsecured loans | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 | 10.03 | 0.00 |
| Total debt | 174 | 72.76 | 31.71 | 5.00 | 17.42 | 11.56 | 25.82 |
| Total liabilities | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Assets | |||||||
| Gross block | 159 | 148 | 127 | 111 | 106 | 92.62 | 82.13 |
| Net block | 94.44 | 92.07 | 78.53 | 68.54 | 69.83 | 62.33 | 57.83 |
| Capital work in progress | 3.49 | 3.56 | 10.45 | 10.35 | 3.03 | 3.08 | 2.89 |
| Investments | 0.00 | 0.00 | 1.56 | 1.76 | 1.50 | 1.70 | 1.67 |
| Inventories | 220 | 127 | 96.11 | 78.52 | 65.37 | 59.95 | 60.57 |
| Sundry debtors | 160 | 86.13 | 66.20 | 52.74 | 57.94 | 59.97 | 44.96 |
| Cash & bank balances | 1.49 | 1.21 | 1.24 | 1.09 | 4.56 | 0.44 | 2.82 |
| Loans & advances | 17.12 | 4.19 | 7.52 | 4.04 | 7.16 | 7.65 | 7.69 |
| Total current assets | 398 | 219 | 171 | 136 | 135 | 128 | 116 |
| Total current liabilities | 47.31 | 23.28 | 30.66 | 23.43 | 15.27 | 20.48 | 11.52 |
| Net working capital | 351 | 196 | 140 | 113 | 120 | 108 | 105 |
| Total assets | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.14 | 0.57 | 0.48 | 4.32 | 0.21 | 1.19 | 0.09 |
| Net cash from operating activities | (64.19) | (16.10) | (3.89) | 22.49 | 14.19 | 23.83 | 19.23 |
| Net cash from investing activities | (15.45) | (8.62) | (15.40) | (12.58) | (10.75) | (3.85) | (15.03) |
| Net cash from financing activities | 79.64 | 24.29 | 19.38 | (13.76) | 0.66 | (20.96) | (3.09) |
| Net change in cash | 0.01 | (0.43) | 0.09 | (3.84) | 4.11 | (0.98) | 1.10 |
| Closing cash | 1.49 | 1.21 | 1.24 | 1.09 | 4.56 | 0.44 | 2.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.50 | 0.25 | 0.09 | 0.06 | 0.09 | 0.12 | 0.18 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 9.36 | 16.75 | 11.33 | 11.81 | 10.66 | 7.16 | 12.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.64 | 3.57 | 3.40 | 3.08 | 3.41 | 3.35 | 2.68 |
| Inventory turnover | 4.09 | 4.39 | 4.63 | 4.65 | 5.42 | 4.85 | 3.62 |
| Debtors turnover | 5.77 | 6.44 | 6.80 | 6.05 | 5.76 | 5.57 | 4.88 |
| EPS (₹) | 22.35 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Dividend per share (₹) | 5.50 | 3.50 | 2.50 | 1.00 | 1.00 | 1.50 | 1.00 |
| Book value per share (₹) | 84.53 | 66.65 | 62.68 | 57.66 | 54.17 | 50.72 | 45.15 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 279 | 270 | 287 | 144 | 145 | 134 | 130 | 121 |
| Revenue growth (YoY) | +92.2% | +101.6% | +120.9% | +18.6% | +18.5% | +15.2% | - | - |
| Other income | 7.05 | 2.63 | 1.80 | 12.63 | 1.25 | 3.31 | 1.77 | 0.14 |
| Total expenses | 248 | 221 | 236 | 125 | 127 | 127 | 115 | 110 |
| EBITDA | 31.09 | 49.82 | 51.46 | 18.94 | 18.45 | 7.45 | 15.38 | 11.16 |
| EBITDA margin | +11.1% | +18.4% | +17.9% | +13.2% | +12.7% | +5.6% | +11.8% | +9.2% |
| Depreciation | 2.36 | 2.31 | 2.55 | 2.43 | 2.40 | 2.28 | 2.41 | 2.11 |
| Interest | 4.92 | 4.31 | 2.91 | 2.10 | 1.63 | 2.07 | 1.69 | 1.32 |
| Profit before tax | 30.86 | 45.83 | 47.80 | 27.04 | 15.67 | 6.41 | 13.05 | 7.87 |
| Tax | 7.53 | 11.98 | 11.77 | 6.99 | 4.02 | 1.62 | 3.50 | 2.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 710 | 490 | 405 | 335 | 340 | 292 | 219 |
| Revenue growth | +44.9% | +21.2% | +20.9% | -1.4% | +16.2% | +33.2% | - |
| Other income | 8.28 | 3.87 | 6.26 | 1.50 | 1.66 | 1.53 | 2.91 |
| Total expenses | 603 | 447 | 372 | 313 | 313 | 256 | 195 |
| Employee cost | 27.20 | 24.89 | 21.19 | 20.42 | 18.61 | 16.63 | 16.40 |
| EBITDA | 107 | 43.67 | 32.06 | 21.96 | 26.89 | 36.54 | 24.30 |
| EBITDA margin | +15.1% | +8.9% | +7.9% | +6.6% | +7.9% | +12.5% | +11.1% |
| Depreciation | 9.65 | 8.01 | 6.28 | 6.33 | 6.61 | 6.08 | 6.18 |
| Interest | 9.15 | 5.97 | 2.92 | 1.80 | 2.16 | 2.18 | 2.18 |
| Profit before tax | 96.94 | 33.56 | 29.12 | 15.33 | 19.78 | 29.81 | 18.85 |
| Tax | 24.38 | 8.86 | 7.77 | 4.16 | 5.16 | 7.37 | 3.74 |
| Net profit | 78.74 | 25.50 | 17.38 | 12.87 | 16.96 | 24.93 | 17.11 |
| Net profit margin | +11.1% | +5.2% | +4.3% | +3.9% | +5.0% | +8.5% | +7.8% |
| EPS (₹) | 22.36 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves & surplus | 271 | 213 | 200 | 184 | 173 | 161 | 144 |
| Shareholders' funds (net worth) | 275 | 217 | 203 | 187 | 176 | 165 | 147 |
| Secured loans | 174 | 72.76 | 21.71 | 5.00 | 17.42 | 1.53 | 25.82 |
| Unsecured loans | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 | 10.03 | 0.00 |
| Total debt | 174 | 72.76 | 31.71 | 5.00 | 17.42 | 11.56 | 25.82 |
| Total liabilities | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Assets | |||||||
| Gross block | 159 | 148 | 127 | 111 | 106 | 92.62 | 82.13 |
| Net block | 94.44 | 92.07 | 78.53 | 68.54 | 69.83 | 62.33 | 57.83 |
| Capital work in progress | 3.49 | 3.56 | 10.45 | 10.35 | 3.03 | 3.08 | 2.89 |
| Investments | 0.25 | 0.26 | 1.82 | 1.78 | 1.75 | 1.74 | 1.71 |
| Inventories | 220 | 127 | 96.11 | 78.52 | 65.37 | 59.95 | 60.57 |
| Sundry debtors | 160 | 86.13 | 66.20 | 52.74 | 57.94 | 59.97 | 44.96 |
| Cash & bank balances | 1.24 | 0.95 | 0.97 | 1.07 | 4.32 | 0.41 | 2.79 |
| Loans & advances | 17.08 | 4.18 | 7.51 | 4.04 | 7.16 | 7.65 | 7.69 |
| Total current assets | 398 | 219 | 171 | 136 | 135 | 128 | 116 |
| Total current liabilities | 47.30 | 23.28 | 30.64 | 23.43 | 15.27 | 20.47 | 11.52 |
| Net working capital | 351 | 195 | 140 | 113 | 120 | 108 | 104 |
| Total assets | 451 | 291 | 237 | 195 | 195 | 177 | 174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.11 | 0.54 | 0.46 | 4.08 | 0.19 | 1.16 | 0.09 |
| Net cash from operating activities | (64.18) | (16.10) | 1.24 | 22.50 | 14.19 | 23.83 | 19.26 |
| Net cash from investing activities | (15.45) | (8.62) | (20.54) | (12.36) | (10.96) | (3.85) | (15.09) |
| Net cash from financing activities | 79.65 | 24.28 | 19.38 | (13.76) | 0.66 | (20.96) | (3.09) |
| Net change in cash | 0.02 | (0.43) | 0.08 | (3.62) | 3.89 | (0.97) | 1.07 |
| Closing cash | 1.24 | 0.95 | 0.97 | 1.07 | 4.32 | 0.41 | 2.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.50 | 0.25 | 0.09 | 0.06 | 0.09 | 0.12 | 0.17 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 9.35 | 16.74 | 11.33 | 11.52 | 10.65 | 7.16 | 12.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.64 | 3.57 | 3.41 | 3.08 | 3.41 | 3.35 | 2.77 |
| Inventory turnover | 4.09 | 4.39 | 4.63 | 4.65 | 5.42 | 4.85 | 3.50 |
| Debtors turnover | 5.77 | 6.44 | 6.80 | 6.05 | 5.76 | 5.57 | 5.03 |
| EPS (₹) | 22.36 | 7.61 | 6.58 | 3.44 | 4.51 | 6.91 | 4.66 |
| Dividend per share (₹) | 5.50 | 3.50 | 2.50 | 1.00 | 1.00 | 1.50 | 1.00 |
| Book value per share (₹) | 84.52 | 66.63 | 62.56 | 57.65 | 54.17 | 50.71 | 45.15 |
To see the full year-wise statements and ratios of Modison Limited, buy the company report.
Board of directors of Modison Limited
Modison has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girdhari Lal Modi Also directs: Modison Chemtech Private Limited, Modison Minex Private Limited, Modison HV Private Limited and 5 more | Managing Director | 09 Jul 2015 | 11 Years 4 Months | Current |
| Kumar Jay Modi Also directs: Modison Chemtech Private Limited, Modison Minex Private Limited, Modison HV Private Limited and 4 more | Managing Director | 01 Apr 2012 | 14 Years 7 Months | Current |
| Jayant Govindrao Kulkarni | Director | 09 Nov 2022 | 4 Years 0 Months | Current |
| Rajkumar Mohanlal Modi Also directs: Modison Chemtech Private Limited, Hydrogenium Plus Technology Private Limited, Somluna LLP and 2 more | Managing Director | 09 Jun 1998 | 28 Years 5 Months | Current |
| Nandkishore Bafna Also directs: GTN Textiles Limited, New Line Buildtech Private Limited | Director | 01 Nov 2025 | 1 Years 0 Months | Current |
| Preeti Arvind Shah Also directs: Shree Naman Hotels Private Limited, Eknath Constructions Private Limited, Sujay Infraprojects Private Limited and 3 more | Director | 13 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Modison Limited is audited by M L BHUWANIA AND CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M L BHUWANIA AND CO LLP | FY 2025 | 101484W / W100197 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 52.20%, foreign institutional investors hold 0.90%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 46.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 52.20% | 52.20% | 52.10% | 52.10% |
| Public | 47.80% | 47.80% | 47.90% | 47.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2026 | 101388705 | Citi Bank N.A. | ₹50 Cr | Open | |
| 06 Jun 2017 | 100107164 | Hdfc Bank Limited | ₹230.5 Cr | Open | |
| 17 Oct 1994 | 90239984 | Gujarat Indsutries Investment Corp. Ltd. | ₹56 Lakh | Open | |
| 18 Nov 2021 | 100504063 | Others | ₹20 Cr | Satisfied | |
| 11 Sep 2013 | 10452124 | Bank of India | ₹3.87 Cr | Satisfied |
To see the full charge records of Modison Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Modison Limited has 27 deals on record (27 market trades); the latest was in September 2024.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹12.08 Cr | Buyer: Graviton Research Capital LLP , Aakraya Research LLP Seller: Graviton Research Capital LLP , Aakraya Research LLP |
| Sep 2024 | Market trade | ₹22.38 Cr | Buyer: Graviton Research Capital LLP , Qe Securities LLP , NK Securities Research Private Limited Seller: Qe Securities LLP , Graviton Research Capital LLP , NK Securities Research Private Limited |
| May 2021 | Market trade | ₹4.39 Cr | Buyer: Nirman Commodities Private Limited Seller: Nirman Commodities Private Limited |
| Mar 2012 | Market trade | ₹6.74 Cr | Buyer: Nupoor Capitals Private Limited Seller: Indianivesh Securities Limited |
| Apr 2010 | Market trade | ₹5.11 Cr | Buyer: an individual Seller: Neha Investments Private Limited |
To see the full deal history of Modison Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Modison Limited has 3 court cases on record: 2 filed by Modison, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
Cases on record (4 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Modison Ltd. | Disposed |
| Bombay High Court | Company petition | Filed by the company against And Modison Ltd and 1 other | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against The State of Maharashtra and Anr | Disposed |
| Bombay High Court | Company petition | Filed against the company by Modison Silver Alloys P. Ltd. | Disposed |
To see the full case history of Modison Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Modison Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Modison Limited, buy the company report.
MSME payment delays
Modison Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 108 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Hi-Tech Calibration | |||
| Naxport Trading Company | |||
| Anu Overseas Private Limited | |||
| DG Industries. |
To see the full MSME payment records of Modison Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Modison has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Modison Hitech Private Limited | U24201MH2023PTC406560 | |
| Modison HV Private Limited | U26912MH1982PTC027005 |
To see the full group structure of Modison Limited, buy the company report.
Employees & EPFO
Modison Limited has a workforce of 279 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 279 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Modison Limited, buy the company report.
GST
Modison has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA3768N1ZA | Maharashtra | Active | 01 Jul 2017 |
| 27AAACA3768N2Z9 | Maharashtra | Active | 29 Mar 2025 |
| 24AAACA3768N1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modison Limited, buy the company report.
Recent activity
Modison Limited has 36 board changes on record since 1997: 21 appointments and 15 cessations. The latest: Nandkishore Bafna was appointed as Director on 01 Nov 2025.
69 earlier events are in the company report.
News
Frequently asked questions
Modison is an active public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 April 1983 (43+ years old) and is registered under CIN L51900MH1983PLC029783. Listed on BSE: 506261 and NSE: MODISONLTD.
Modison reported revenue of ₹710.33 Cr for FY 2025-26 (up 44.9% YoY) based on consolidated financials.
Modison has 6 current directors:
- Girdhari Lal Modi - Managing Director
- Kumar Jay Modi - Managing Director
- Rajkumar Mohanlal Modi - Managing Director
- Jayant Govindrao Kulkarni - Director
- Nandkishore Bafna - Director
- Preeti Arvind Shah - Director
The latest financial statements of Modison on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Modison is 27AAACA3768N1ZA, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACA3768N2Z9 (Maharashtra), 24AAACA3768N1ZG (Gujarat).
The CIN (Corporate Identification Number) of Modison is L51900MH1983PLC029783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Modison is a listed company as per MCA records. Its shares are listed on both BSE (code: 506261) and NSE (symbol: MODISONLTD).
Modison has 3 court cases on record: 2 filed by the company and 2 filed against it.
Modison was incorporated on 13 April 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Modison has 27 deals on record (27 market trades); the latest was in September 2024.
Nandkishore Bafna was appointed as Director on 01 Nov 2025. Rita Dilip Bhatia ceased to be Director on 26 Oct 2024. Preeti Arvind Shah was appointed as Director on 13 Aug 2024. Modison has 36 board changes on record in total.

