diff --git a/package/python-pymodbus/python-pymodbus.hash b/package/python-pymodbus/python-pymodbus.hash
index f6f712d6b4..7fbcfb0e13 100644
--- a/package/python-pymodbus/python-pymodbus.hash
+++ b/package/python-pymodbus/python-pymodbus.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pymodbus/json
-md5  658112be7a0ca2c9d85789a64751ece0  pymodbus-3.11.2.tar.gz
-sha256  132712baf79cae339aac694739b14551bab69b2a078570cb1350b1db0cccdba7  pymodbus-3.11.2.tar.gz
+md5  18a9929a065d545205ee62d8300884a7  pymodbus-3.11.3.tar.gz
+sha256  10c2902838ad5a233baefb64b1c1fb064fa762b22b221bf35191bf39f01449a8  pymodbus-3.11.3.tar.gz
 # Locally computed sha256 checksums
 sha256  572a4d6fa7541553f70cc6d494fbcbee7eb7d3f2fbd16080d39b20cccda26f0b  LICENSE
diff --git a/package/python-pymodbus/python-pymodbus.mk b/package/python-pymodbus/python-pymodbus.mk
index 383979ebf4..16e8323c97 100644
--- a/package/python-pymodbus/python-pymodbus.mk
+++ b/package/python-pymodbus/python-pymodbus.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYMODBUS_VERSION = 3.11.2
+PYTHON_PYMODBUS_VERSION = 3.11.3
 PYTHON_PYMODBUS_SOURCE = pymodbus-$(PYTHON_PYMODBUS_VERSION).tar.gz
-PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/d1/28/34f667085cb162ac68be849e4ea1ced4c54d97b7d8099c11b27ec1cf2fa1
+PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/2e/3b/599f812b03147f1eee357f0eb62f1753ff5bfc099da9aced63ecf6f32560
 PYTHON_PYMODBUS_SETUP_TYPE = setuptools
 PYTHON_PYMODBUS_LICENSE = BSD-3-Clause
 PYTHON_PYMODBUS_LICENSE_FILES = LICENSE