MODISON Share Price Target 2027, 2028 and 2030: Long Term Analyst Forecast

MODISON in FY26, revenue jumped 45 percent to Rs 716.03 crore and net profit nearly tripled to Rs 72.54 crore, as a combination of higher silver prices, expanded capacity utilisation, and better product mix lifted operating margins from 9.7 percent to 16.3 percent. The TTM EPS now stands at Rs 31.3 not Rs 11.1 as some older sources claim and the Q1 FY27 (June 2026) quarterly EPS alone came in at Rs 10.43, annualised to roughly Rs 41.70 per year.

The more striking data point: MODISON trades at 11.43x TTM earnings while its industry PE sits at 46.9x. This is a 75 percent discount to peers. This article covers the MODISON share price target for 2027, 2028, and 2030 using verified data as of 18 August 2026, with forward estimates built on actual published financials.

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MODISON Share Price Target 2027, 2028 and 2030: Company Overview

Metric	Details
NSE Ticker	MODISONLTD
Sector	Electrical Components (Silver Electrical Contacts)
CMP (18 Aug 2026)	Rs 373.9 (NSE) | +17.80 (+5.00%) today
Market Cap	Rs 1,161 Cr
FY26 Revenue	Rs 716.03 Cr (+45% YoY from Rs 493.51 Cr)
FY26 Net Profit	Rs 72.54 Cr (+194% YoY from Rs 24.68 Cr)
FY26 EPS	Rs 22.35 (vs Rs 7.61 in FY25)
TTM EPS (Jul 25 to Jun 26)	Rs 31.3
Q1 FY27 EPS (Jun 26)	Rs 10.43 (approximately Rs 41.70 annualised)
PE Ratio (TTM)	11.43x (Industry PE: 46.9x 75% discount)
PB Ratio	4.23x | Book Value Rs 84.53
ROE	26.41%
Debt to Equity	0.64x
FY26 Dividend Per Share	Rs 5.5 | Yield: 1.54%
Promoter Holding (Jun 26)	52.23% (stable)
FII Holding (Jun 26)	0.92% (up from 0.48% in Mar 26)
MODISON Share Price Target 2027	Rs 600 (+60.5%)
MODISON Share Price Target 2028	Rs 750 (+100.6%)
MODISON Share Price Target 2030	Rs 1080 (+188.8%)
Bull Case 2030	Rs 1440 (+285%)
Bear Case 2030	Rs 720 (+93%)

What most investors miss about MODISON: MODISON is the only company globally that manufactures electrical contact materials and contacts for low, medium, and high voltage switchgear under one roof, with a German technical collaboration (DODUCO KG Pforzheim) dating to 1983. While this niche is well-known, what screens miss is the valuation gap: the stock trades at 11.43x TTM earnings while the industry average is 46.9x. At the same time, operating margins doubled from 9.7 percent to 16.3 percent in FY26, and FII holding has started rising from 0.48 percent in March 2026 to 0.92 percent in June 2026.

Modison Limited (formerly Modison Metals Limited) was founded in 1965 and listed on NSE/BSE. The company manufactures silver-based electrical contacts used in switchgear, railway, defence, aerospace, EV charging infrastructure, and pharmaceutical equipment. It runs two plants in Western India with over 350 employees and holds ISO 9001, ISO 14001, and OHSAS certifications. Promoters hold 52.23 percent, with the remainder broadly held by retail and foreign institutions.

Why the MODISON Share Price Target Has Room to Run Despite the Rally

FY26 Was a Structural Earnings Inflection, Not a One-Off

MODISON's FY26 net profit of Rs 72.54 crore was not driven by a single exceptional quarter. The EPS trajectory Rs 1.48 in Q1 FY26, Rs 3.59 in Q2, Rs 6.18 in Q3, Rs 11.09 in Q4, and Rs 10.43 in Q1 FY27 shows a consistent acceleration, not a spike-and-revert. Operating margins held above 19 percent in Q1 FY27 even as silver prices moderated from peak levels, suggesting the margin improvement has a structural cost-efficiency component alongside the commodity tailwind. This earnings trajectory is the primary driver behind the MODISON share price target of Rs 600 for 2027.

Trading at a 75 Percent Discount to Industry PE Is the Core Investment Case

The electrical components and switchgear industry trades at a PE of 46.9x. MODISON trades at 11.43x TTM earnings a 75 percent discount. Even at half the industry multiple (23.5x on TTM EPS of Rs 31.3), the implied price would be Rs 735. The MODISON share price target of Rs 600 for 2027 uses a conservative 15x multiple on forward EPS of Rs 40 well below both the current TTM multiple and the industry average. The gap between these numbers is the upside case.

Silver Electrification Demand Is a Multi-Year Structural Tailwind

Silver electrical contacts are core components in EV charging stations, industrial automation switchgear, power distribution equipment, and railway signalling. All of these segments are growing rapidly in India and globally. MODISON's global positioning the only manufacturer covering LMH switchgear contacts under one roof gives it pricing power in a market where alternatives are few. This structural demand backdrop supports the long-term MODISON share price target for 2030.

ROE of 26.41 Percent at a Single-Digit PE Is Rare

A company with 26.41 percent ROE normally commands a premium multiple. MODISON's low current PE reflects either market unfamiliarity with the stock (small-cap, low institutional coverage) or concerns about earnings sustainability. As FII holding begins to rise (up from 0.48 percent to 0.92 percent in one quarter) and the quarterly earnings run rate stays above Rs 10 per share, institutional re-rating toward industry multiples is a credible scenario for the MODISON share price target 2028 of Rs 750.

FY26 Margin Expansion Was Real Operating Leverage Is Intact

Operating margins went from 9.7 percent in FY25 to 16.3 percent in FY26. Revenue grew 45 percent but operating profit grew 168 percent that is classic operating leverage. In Q1 FY27, operating margins held at 19.39 percent even as revenue moderated slightly from the exceptional Rs 289 crore March quarter. This margin resilience is a key assumption behind the MODISON share price target model for 2027 and 2028.

MODISON Share Price Target 2027, 2028 and 2030: Year-Wise Breakdown

2027 Target: Rs 600

The MODISON share price target for 2027 is Rs 600, implying approximately 60.5 percent upside from CMP Rs 373.9. This is based on a forward EPS estimate of Rs 40 for FY27 derived from the Q1 FY27 annualised run rate of Rs 41.70, with a modest moderation buffer capitalised at 15x forward earnings. At 15x, this target multiple sits at less than one-third of the industry PE of 46.9x, making it an inherently conservative estimate. If the multiple re-rates even to 20x, the implied price would be Rs 800. The 2027 milestone is achievable if MODISON sustains Q1 FY27 level EPS through the financial year.

2028 Target: Rs 750

The MODISON share price target for 2028 is Rs 750, approximately 100.6 percent above the current price, based on FY28E EPS of Rs 50 at 15x. The 25 percent EPS growth from FY27 to FY28 is supported by: continued silver contact demand from EV and power infrastructure, steady operating leverage on the expanded revenue base, and the Deutsche collaboration enabling product mix upgrades. By FY29, two years of post-inflection earnings should attract domestic institutional attention currently absent from the stock.

2030 Target: Rs 1080

The MODISON share price target for 2030 is Rs 1080, implying approximately 188.8 percent upside from CMP and a 4-year CAGR of approximately 30.4 percent from current levels. FY30E EPS of Rs 72 at 15x drives this target. By FY31, MODISON should be operating at scale across all verticals switchgear, EV, defence, railway with cumulative dividend income of approximately Rs 25 to Rs 30 per share adding to total return. Always verify data at NSE and BSE before investing.

Bull Case and Bear Case for MODISON by 2030

Bull Case: Rs 1440

The bull case for MODISON by 2030 is Rs 1440 (+285%), applying 20x to FY30E EPS of Rs 72. This requires: silver electrical contact demand to accelerate beyond base assumptions as India's EV and power infra build-out outpaces projections; margins staying above 15 percent through normalisation; and the market re-rating the stock to 20x still less than half the current industry PE of 46.9x. None of these conditions are extreme. These are forward estimates, not guaranteed returns.

Bear Case: Rs 720

The bear case is Rs 720 (+93%), applying 10x to the same FY30 EPS of Rs 72. This scenario applies if silver prices correct sharply (reducing the inventory valuation tailwind), operating margins revert to the FY25 level of around 10 percent, and FY30 EPS comes in at Rs 45 to Rs 50 rather than Rs 72. Even in this scenario, Rs 720 represents approximately 93 percent upside from today.

Scenario	Target 2030	Return from CMP	Key Assumption
Bull Case	Rs 1440	+285%	FY30E EPS Rs 72 at 20x; EV and infra demand accelerates
Base Case	Rs 1080	+188.8%	FY30E EPS Rs 72 at 15x; conservative multiple vs industry
Bear Case	Rs 720	+93%	Silver price correction; margins revert to 10%; EPS Rs 45 to 50

Key Risks to the MODISON Forecast

Silver Price Dependence Is the Primary Earnings Risk

A meaningful portion of MODISON's FY26 earnings improvement was linked to higher silver prices, which boosted realisations and inventory values. The FY26 operating cash flow was negative Rs 64 crore, partly because higher silver prices locked up working capital in inventory. If silver prices correct significantly, MODISON's EBITDA per tonne and inventory gains would compress, reducing EPS below the current forward run rate and affecting the MODISON share price target timeline.

Negative Operating Cash Flow Is a Yellow Flag

Despite reporting Rs 72.54 crore net profit in FY26, operating cash flow was negative Rs 64 crore one of the most important divergences in MODISON's financials. This is common for commodity-adjacent manufacturers during price upswings (working capital ties up cash), but it must normalise. Investors should track whether operating cash flow turns positive in FY27 as an indicator that earnings quality is genuine and the MODISON share price target thesis is financially sound.

Small Market Cap Means Limited Institutional Coverage

MODISON's Rs 1,161 crore market cap makes it a small-cap stock with limited analyst coverage and low mutual fund participation (0 percent as of June 2026). This is partly why the PE discount to industry persists. The absence of institutional coverage also means earnings surprises are less efficiently priced in, creating both opportunity and volatility risk around quarterly results.

Earnings Concentration in a Niche Product

Virtually all of MODISON's revenue comes from silver-based electrical contacts a highly specialised product. Any disruption to this niche, whether from alternative materials, a shift in switchgear technology, or a key customer consolidation, would have an outsized impact on earnings and the MODISON share price target 2027 and beyond.

How to Invest in MODISON

Track MODISON's quarterly EPS and operating cash flow conversion as the two most critical data points for the investment thesis. The Univest Screener gives you live fundamentals, price alerts, and tracking for NSE ticker MODISONLTD. Given the rally from Rs 114 to Rs 373.90 over the past year, new investors should consider staggered entry rather than a lump-sum position, monitoring whether operating cash flow turns positive in Q2 and Q3 FY27. Consult a SEBI-registered financial advisor before investing.

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Conclusion

The MODISON share price target of Rs 600 for 2027, Rs 750 for 2028, and Rs 1080 for 2030 is built on verified data as of 18 August 2026: TTM EPS of Rs 31.3, a PE of 11.43x versus industry 46.9x, and a Q1 FY27 quarterly EPS of Rs 10.43. MODISON is one of the cheapest profitable companies in its sector, and the forward earnings trajectory, if sustained, offers meaningful upside even at a conservative 15x multiple. Always verify financial data at NSE India and BSE India before any investment decision.

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Frequently Asked Questions on MODISON Share Price Target 2027 2028 and 2030

What is the MODISON share price target for 2027?

Ans. The MODISON share price target for 2027 is Rs 600, approximately 60.5 percent above the current price of Rs 373.9. This is based on a forward EPS estimate of Rs 40 for FY27 at a conservative 15x multiple . Verify all data at NSE India before investing.

What is the MODISON share price target for 2030?

Ans. The MODISON share price target for 2030 is Rs 1080, implying approximately 188.8 percent upside from CMP Rs 373.9. This uses FY30E EPS of Rs 72 at 15x forward earnings a 4-year CAGR of approximately 30.4 percent. These are forward estimates subject to significant uncertainty. Always verify data at NSE and BSE before investing.

What is the MODISON share price target for 2028?

Ans. The MODISON share price target for 2028 is Rs 750, approximately 100.6 percent above CMP. This is based on FY28E EPS of Rs 50 at 15x, assuming 25 percent EPS growth from FY27 driven by continued silver contact demand and operating leverage on the expanded revenue base.

Is MODISON overvalued at Rs 373.9?

Ans. At 11.43x TTM earnings versus an industry PE of 46.9x, MODISON appears significantly undervalued on a relative basis. At the same forward EPS and industry PE, the implied price would be Rs 1,955. At a conservative 15x, the FY27 target is Rs 600. However, the negative operating cash flow in FY26 is a risk factor that investors should monitor before concluding the earnings are fully sustainable.

What drove MODISON's FY26 profit growth of 194 percent?

Ans. MODISON's FY26 net profit surged from Rs 24.68 crore to Rs 72.54 crore, driven by: a 45 percent jump in revenue to Rs 716 crore; operating margin expansion from 9.7 percent to 16.3 percent (operating leverage and silver price tailwind); and a step-change in Q3 and Q4 FY26 volumes. Revenue per quarter roughly doubled from around Rs 137 crore in Q1 FY26 to Rs 289 crore in Q4 FY26, reflecting both organic demand growth and silver pricing benefits.

What are the key risks to MODISON's earnings outlook?

Ans. The two most important risks are silver price dependence (if silver prices correct, EBITDA per tonne and inventory gains will compress) and negative operating cash flow (FY26 operating cash outflow was Rs 64 crore despite Rs 72 crore profit a divergence that must normalise in FY27). Product concentration in silver electrical contacts and limited institutional coverage are secondary risks.

How can I track and invest in MODISON?

Ans. You can buy MODISON shares through any SEBI-registered broker using NSE ticker MODISONLTD. Track quarterly EPS delivery and operating cash flow conversion using the Univest Screener for live fundamentals and price alerts. Given the stock has surged from Rs 114 to Rs 373.9 over the past year, consider staggered entry and always consult a SEBI-registered financial advisor before investing.