A DC-distributed power system consists of a large quantity of subsystems with power converters. The interaction among these subsystems will affect the operation performance of the whole system. Therefore, data communication plays a very important role in system control and equipment monitoring. The present study proposes a dual modulation method of power/signal based on Switched Reluctance Drive (SRD), which can transmit signals simultaneously with power conversion and can promise data communication of the system with lower cost. This proposed method uses the ripple inherent as the carrier of the signal in the power circuit and adopts Pulse width modulation (PWM)/frequency shift keying (FSK) composite modulation to realize the reverse transmission of signals from the load to the power supply. Results of simulations and experiments indicate that this new method is effective in data communication.