Modison Ltd. – Company Report
1. Company Overview
Modison Ltd., established in 1975 and headquartered in Mumbai, is a global leader in the manufacturing of silver-based electrical contact materials and components. It is the only company worldwide that manufactures both silver electrical contact materials and finished contacts across all voltage levels—LV, MV, HV, and EHV. Modison serves OEMs in sectors such as power, infrastructure, railways, defense, and aerospace, and exports to 40+ countries. The company is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, underlining its strong commitment to quality, environmental standards, and occupational safety. It is led by the Modi family along with a professional management structure.
- Incorporated: 1975
- Headquarters: Mumbai, Maharashtra, India
- Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Employees: Not publicly disclosed (mid-sized manufacturing workforce)
- Export Markets: 40+ countries
- Market Cap (July 2025): ~₹554 crore
2. Products and Services
Modison Ltd. provides a broad portfolio of specialized products and services built around electrical, precious metal, and industrial-grade materials:
Electrical Contacts & Contact Materials:
- Silver contacts, bimetal and copper contacts, silver-cadmium oxide components for circuit breakers, relays, and switching devices.
- Applications span low to extra-high voltage switchgear solutions.
Precious Metal Alloys & Chemicals:
- Beryllium copper, silver nitrate, silver sulfate, silver oxide, and bullion.
- Used across connectivity, electronics, and power transmission sectors.
Specialty Metal Products:
- Sputtering targets, copper alloy rods, flats, bars, and custom castings for high-performance industries.
- End-use includes automotive, defense, railways, aerospace, and engineering.
Value-Added Services:
- Refining and recycling of precious metals, silver plating, melting, assaying, and custom R&D.
- Additional capabilities include electron beam welding and technical consulting.
The company maintains a technological partnership with DODUCO KG (Europe) and continuously invests in automation and R&D to enhance product innovation and process excellence.
3. Recent News and Financial Performance (FY2025)
Business Developments:
Continued product diversification with new alloy grades and expanded contact solutions for global HV clients.
Process upgrades and automation to scale efficiently with export and domestic demand.
Maintained leadership in supplying global switchgear and OEM markets.
Entry into BESS and EV Infrastructure:
- Signed MoUs with RENERA (lithium-ion storage systems) and LDrive LLC (L-Charge) for Battery Energy Storage Systems (BESS) and off-grid EV charging infrastructure.
- Strategic move aligns with India’s clean energy and sustainability goals.
4. Financial Performance (FY2025):
| Metric | FY2025 |
|---|---|
| Net Sales | ₹490.2 crore (↑21% YoY) |
| Operating Profit | ₹45 crore |
| Operating Profit Margin | 9% |
| Net Profit | ₹24.7 crore (↑ from ₹21.3 crore YoY) |
| EPS | ₹7.61 (↑ from ₹6.58 in FY2024) |
| ROE | 12.1% |
| Dividend Payout Ratio | 46% |