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Modis Navnirman Ltd (MODIS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543539 NSE: MODIS Construction - Real Estate | Small Cap | Modis Navnirman Share Price

₹345 4.70 (1.38%)

As on 12-Jun'26 16:59

Modis Navnirman Ltd (MODIS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543539 NSE: MODIS Construction - Real Estate | Small Cap | Modis Navnirman Share Price

₹345 4.70 (1.38%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹676 Cr.
Current Price
₹345
52-Week Low / High
₹262 / 415
TTM EPS
₹14.9
TTM Sales
₹189 Cr.
Book Value per Share
₹80
P/E Ratio
23.13
Lower than its 5-year historical median
Industry PE
43
Price to Book (P/B)
4.31
Lower than its 5-year historical median
Price to Sales (P/S)
3.57
Lower than its 5-year historical median
EV/EBITDA
17.58
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
10.05%
Outperforms industry median
Return on Capital Employed (ROCE)
12.88%
Outperforms industry median
Return on Assets (ROA)
7.00%
Operating Profit Margin
11.9%
Net Profit Margin
10.93%
Gross Profit Margin
14.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
259.17%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
1843.48%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
219.07%
Asset Quality
Promoter Holding
63.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹137 Cr.
Equity
₹19.6 Cr.
Face Value
₹10
All Time Low / High
₹46.00 / 415.00

Modis Navnirman stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Modis Navnirman Ltd a good quality company?
Modis Navnirman Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Modis Navnirman Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Modis Navnirman Ltd vs industry peers?
Modis Navnirman Ltd revenue CAGR is 732.59%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Modis Navnirman Ltd?
Promoters hold 63.79% of the Modis Navnirman Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Modis Navnirman Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 25.63% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Modis Navnirman Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ3.3%0.5%5.3%12.9%-
Value Creation
Index ⓘ		-0.8-1.0-0.6-0.1-

Growth Parameters ⓘ
Sales ⓘ0.1020.975189
Sales YoY Gr.--100%NA259.2%-
Adj EPS ⓘ0.1-0.61.14.214.9
YoY Gr.--800%NA288%-
BVPS (₹) ⓘ2.615.337.946.580
Adj Net
Profit ⓘ		0.1-12.18.229
Cash Flow from Ops. ⓘ-3.9-10.2-33.2-18.5-
Debt/CF from Ops. ⓘ-0.3-0.4-0.2-0.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA732.6%259.2%
Adj EPS ⓘNANA274.2%288%
BVPSⓘNANA162.1%22.7%
Share Price - - 28.7% 24.2%

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		3.2-6.64.19.923.6
Op. Profit
Mgn % ⓘ		99.902.211.919.3
Net Profit
Mgn % ⓘ		73.909.810.915.4
Debt to
Equity ⓘ		0.30.20.100
Working Cap
Days ⓘ		00946515443
Cash Conv.
Cycle ⓘ		00628385208

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales002175
Operating Expenses ⓘ + 022066
Manufacturing Costs0175795
Material Costs0-17-38-33
Employee Cost 0013
Other Costs ⓘ 0111
Operating Profit ⓘ 0-209
Operating Profit Margin (%) 99.9%-2.2%11.9%
Other Income ⓘ + 0222
Exceptional Items ⓘ 0000
Interest ⓘ 0000
Depreciation ⓘ 0000
Profit Before Tax ⓘ 00311
Tax ⓘ 0-003
Profit After Tax 0038
PAT Margin (%) 73.9%-12.3%10.9%
Adjusted EPS (₹)0.10.11.44.2
Dividend Payout Ratio (%)0%1,845%0%0%

Valuation of Modis Navnirman - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3267291
Share Capital ⓘ 3171920
Reserves ⓘ 095371
Debt +1453
Long Term Debt1453
Short Term Debt0000
Minority Interest0000
Trade Payables20511
Others Liabilities ⓘ 121334
Total Liabilities ⓘ 73296139

Fixed Assets

Net Fixed Assets ⓘ +0000
Gross Block0000
Accumulated Depreciation0000
CWIP ⓘ 0000
Investments ⓘ 00115
Inventories01758116
Trade Receivables0011
Cash Equivalents 0262
Others Assets ⓘ 6122016
Total Assets ⓘ 73296139

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -4-10-33-18
PBT ⓘ 00311
Adjustment ⓘ 00-0-2
Changes in Working Capital ⓘ -4-10-36-25
Tax Paid ⓘ -0-0-0-3
Cash Flow From Investing Activity ⓘ + -0-0-108
Capex 00-0-0
Net Investments -0-0-106
Others ⓘ 0002
Cash Flow From Financing Activity ⓘ 430486
Net Proceeds from Shares ⓘ + 3264611
Net Proceeds from Borrowing ⓘ 141-2
Interest Paid ⓘ 00-0-0
Dividend Paid ⓘ 00-20
Others ⓘ 0-03-3
Net Cash Flow ⓘ 0194-5

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.230.635.2410.05
ROCE (%)3.320.525.3412.88
Asset Turnover Ratio0.0200.330.64
PAT to CFO Conversion(x)N/AN/A-11-2.25
Working Capital Days
Receivable Days828.7009.104.10
Inventory Days00661.60423.30
Payable Days0-17.20-21.90-82.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Modis Navnirman Ltd FAQs

The current trading price of Modis Navnirman on 12-Jun-2026 16:59 is ₹345.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Modis Navnirman stood at ₹675.9 Cr

The latest P/E ratio of Modis Navnirman as of 11-Jun-2026 is 23.13.

The latest P/B ratio of Modis Navnirman as of 11-Jun-2026 is 4.31.

The 52-week high of Modis Navnirman is ₹415.0 and the 52-week low is ₹262.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Modis Navnirman is ₹189 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Modis Navnirman Ltd is a below average quality company.

The key valuation ratios of Modis Navnirman Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Modis Navnirman Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Modis Navnirman Ltd

Modi’s Navnirman was originally incorporated as a Limited Liability Partnership in the name and style of Modi’s Navnirman LLP on December 31,2015 and was subsequently converted into a Public Limited on March 04, 2022 with a view to corporatize the group’s activities in the real estate sector. Since inception, it has been focused on the mid-market and affordable housing categories as its target segment within the residential housing market. Historically, it has sought to develop its projects either through development agreements (DA) with Co-operative Housing Society (Society) / landowners of the proposed projects. It is transitioning to a real estate development model with a shift towards an asset light business strategy by doing Development Agreements. 

Business area of the company

The company is engaged in the real estate sector. The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points. It has capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. It streamline its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner. It partner with top architects and design team which uses customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. Its in-house sales team is supported by a well skilled execution team which delivers precisely designed products and amenities to its customers.

Major Events, Milestone and Achievements:

  • 2015: Incorporation of the Company as Modi's Navnirman LLP.
  • 2017: Received Commencement Certificate and Began construction for the project Rashmi Sadhna.
  • 2018: Received Commencement Certificate and Began construction for the project Rashmi Sheela.
  • 2019: Received Completion Certificate for the project Rashmi Sadhna 2020.
  • 2019: Received Completion Certificate for the project Rashmi Sheela.
  • 2020: Acquired 100% stake in Shree Modi’s Navnirman Pvt. Ltd. (SMNPL) in September 2020 & thereby making it its subsidiary.
  • 2021: Received Commencement Certificate for the project Rashmi Jewel through wholly owned subsidiary SMNPL.
  • 2021: Received Commencement Certificate for the project Rashmi Enclave through wholly owned subsidiary SMNPL.
  • 2021: Received Commencement Certificate for the project Rashmi Terrace through wholly owned subsidiary SMNPL.
  • 2022: Conversion from Limited Liability Partnership firm to Public Limited Company.
  • 2022: Received Commencement Certificate Project Rashmi Kavita through wholly owned subsidiary SMNPL.
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