Modison Ltd Q3 FY23 Share Price & Earnings Call Analysis

Financials of Modison Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Modison Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +878697108114116122121130134145144287
Expenses +76799099104108112110115126127125216
Operating Profit11779981011159181971
OPM %13%8%8%8%8%7%8%9%12%6%13%13%25%
Other Income +232-02-44022113-18
Interest1011112122223
Depreciation2112222222223
Profit before tax1078692118136162748
Tax %26%26%26%27%28%32%25%26%27%25%26%26%25%
Net Profit +86646186105122036
EPS in Rs2.361.701.731.261.900.352.521.792.941.483.596.1811.09

Financials of Modison Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +171168191201219292340335405490710
Expenses +155142159174192252309310372445592
Operating Profit17263127274030253245118
OPM %10%16%16%14%12%14%9%7%8%9%17%
Other Income +01040-2-2-162-3
Interest44322222369
Depreciation766666766810
Profit before tax717222419302015293497
Tax %31%37%35%30%20%25%26%27%27%26%25%
Net Profit +511141615221511212573
EPS in Rs1.423.354.395.054.666.924.513.456.587.6122.35
Dividend Payout %53%30%23%30%21%22%22%29%38%46%0%

Financials of Modison Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital33333333333
Reserves94101111124144161173184200213271
Borrowings +2721181326121753273174
Other Liabilities +2319192218262129363054
Total Liabilities148145152162191203214222271319503
Fixed Assets +5761606058627069799294
CWIP2111333101043
Investments00002222200
Other Assets +898391102128135140141181224405
Total Assets148145152162191203214222271319503

Financials of Modison Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +13261219192414221-16-64
Cash from Investing Activity +-6-11-3-8-15-4-11-13-20-9-15
Cash from Financing Activity +-6-15-9-10-3-211-14192480
Net Cash Flow0-0-001-14-40-00
Free Cash Flow617911518310-15-32-79
CFO/OP93%121%66%91%94%77%69%110%27%-18%-36%

Financials of Modison Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6563757675756258606482
Inventory Days13013212012414610490109109121152
Days Payable11151116111091311911
Cash Conversion Cycle184180184184209168143154158176223
Working Capital Days8190104119126119105117979291
ROCE %17%20%17%20%14%10%12%15%31%