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Trades about 65% below its sector, cheaper than its peers on earnings.
Modison Limited, founded in 1965 and headquartered in Mumbai, India, is a prominent manufacturer and global supplier of electrical contacts primarily for low, medium, and high voltage switchgear industries. Their diverse product portfolio for low voltage applications encompasses a wide array of silver-based contacts, including silver tin oxide, silver tungsten, and silver tungsten carbide, often provided in solid, bimetal, or backed configurations (e.g., silver/steel/Ni/cupro nickel). They also produce silver cadmium oxide "modurit," various silver brazing alloys, fine silver powders and granules, silver graphites, and intricate silver inlays, edgelays, overlays, through lays, and toplays integrated with copper or brass substrates. For the more demanding medium and high voltage systems, Modison delivers advanced materials such such as dispersion strengthened copper, eutectic brazing alloys tailored for vacuum environments, copper chromium discs, cast on plugs and segments, copper chromium zirconium contacts, and copper tungsten. Their expertise also extends to specialized electron-beam welded and brazed arcing contacts. Beyond their core electrical contact business, the company manufactures precious metal compounds like silver oxide, silver nitrate, and silver sulphate. They also cater to the consumer and investment sectors by offering silver cutlery, bars, and coins. Modison provides a comprehensive range of services, including precious metals refining and recovery, silver melting, assaying, and plating. Furthermore, they are actively involved in research and development for innovative contact materials and offer electron beam welding services. The company also supplies a broad spectrum of copper alloys, such as copper chromium, copper chromium zirconium, copper zirconium, various grades of copper (HCP, ETP), copper cadmium, copper beryllium, copper nickel, copper tellurium, silicon bronze, and silver bearing copper. The company, initially named Modison Metals Limited, officially adopted its current identity, Modison Limited, in July 2022.
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