Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
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
₹364 6.40 (1.79%)
As on 24-Sep'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
₹364 6.40 (1.79%)
As on 24-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹713 Cr.
Current Price
₹364
52-Week Low / High
₹290 / 426
TTM EPS
₹14.9
TTM Sales
₹189 Cr.
Book Value per Share
₹84.3
P/E Ratio
24.44
Lower than its 5-year historical median
Industry PE
44.1
Price to Book (P/B)
4.32
Lower than its 5-year historical median
Price to Sales (P/S)
3.77
Lower than its 5-year historical median
EV/EBITDA
18.56
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
20.53%
Outperforms industry median
Return on Capital Employed (ROCE)
25.97%
Outperforms industry median
Return on Assets (ROA)
9.85%
Operating Profit Margin
18.5%
Net Profit Margin
15.41%
Gross Profit Margin
19.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
83.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.79%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
26.27%
Asset Quality
Promoter Holding
63.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹146 Cr.
Equity
₹19.6 Cr.
Face Value
₹10
All Time Low / High
₹46.00 / 426.45
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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.
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.
How does Modis Navnirman Ltd performance compare with that of its Peers?
Revenue growth of Modis Navnirman Ltd vs industry peers?
Modis Navnirman Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
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.
Stock return of Modis Navnirman Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 28.41% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 0% | 3.3% | 0.5% | 5.3% | 26.6% | 26% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | -0.8 | -1.0 | -0.6 | 0.9 | 0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 20.9 | 103 | 189 | 189 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | -100% | NA | 392.6% | 84% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0 | 0.1 | -0.6 | 1.1 | 11.8 | 14.9 | 14.9 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -800% | NA | 992.6% | 25.9% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 0 | 2.6 | 15.3 | 37.9 | 65.1 | 80 | 84.4 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0 | 0.1 | -1 | 2.1 | 23.1 | 29.1 | 29 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | -3.9 | -10.2 | -33.2 | -20.5 | -2.3 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0 | -0.3 | -0.4 | -0.2 | -0.2 | -2.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 84% | ||||
| Adj EPS ⓘ | NA | NA | NA | 25.9% | ||||
| BVPSⓘ | NA | NA | 73.7% | 22.9% | ||||
| Share Price | - | - | 28.6% | 10.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 0 | 3.2 | -6.6 | 4.1 | 22.8 | 20.5 | 18.1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 99.9 | 0 | 2.2 | 26.1 | 18.6 | 19.4 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | 73.9 | 0 | 9.8 | 22.5 | 15.4 | 15.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.2 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 946 | 634 | 558 | 131 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 628 | 223 | 164 | 69 |
Valuation of Modis Navnirman - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 9 | 43 | 58 | 103 | 189 |
| Operating Expenses ⓘ + | 8 | 35 | 49 | 76 | 154 |
| Operating Profit ⓘ | 1 | 9 | 9 | 27 | 35 |
| Operating Profit Margin (%) | 12.4% | 19.8% | 15.6% | 26.1% | 18.5% |
| Other Income ⓘ + | 0 | 1 | 0 | 2 | 3 |
| Interest ⓘ | 0 | 2 | 0 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 8 | 9 | 27 | 36 |
| Tax ⓘ | 0 | 2 | 2 | 4 | 7 |
| Profit After Tax | 1 | 6 | 7 | 23 | 29 |
| PAT Margin (%) | 9.3% | 13.4% | 11.6% | 22.5% | 15.4% |
| Adjusted EPS (₹) | 0.7 | 3.4 | 3.5 | 11.8 | 14.9 |
| Dividend Payout Ratio (%) | 0% | 29.40% | 0% | 0% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 4 | 32 | 85 | 128 | 157 | ||||||
| Debt + | 20 | 7 | 6 | 3 | 6 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 3 | 4 | 7 | 23 | 48 | ||||||
| Others Liabilities ⓘ | 5 | 15 | 14 | 133 | 96 | ||||||
| Total Liabilities ⓘ | 31 | 59 | 113 | 286 | 306 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 0 | 0 | 0 | 1 | 1 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | ||||||
| Investments ⓘ | 0 | 1 | 15 | 3 | 1 | ||||||
| Inventories | 21 | 52 | 84 | 104 | 146 | ||||||
| Trade Receivables | 0 | 1 | 2 | 1 | 9 | ||||||
| Cash Equivalents | 1 | 3 | 8 | 3 | 5 | ||||||
| Others Assets ⓘ | 8 | 3 | 4 | 174 | 144 | ||||||
| Total Assets ⓘ | 31 | 59 | 113 | 286 | 306 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -16 | -7 | -6 | -20 | -2 |
| Cash Flow From Investing Activity ⓘ + | -0 | -0 | -0 | -3 | 2 |
| Cash Flow From Financing Activity ⓘ | 17 | 9 | 9 | 4 | 2 |
| Net Proceeds from Shares ⓘ + | 0 | 2 | 14 | 1 | 0 |
| Net Cash Flow ⓘ | 1 | 1 | 3 | -19 | 2 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 22.02 | 31.96 | 11.38 | 21.71 | 20.53 | |||||
| ROCE (%) | 4.87 | 29.85 | 13.9 | 25.29 | 25.97 | |||||
| Asset Turnover Ratio | 0.29 | 0.95 | 0.67 | 0.52 | 0.64 | |||||
| PAT to CFO Conversion(x) | -16 | -1.17 | -0.86 | -0.87 | -0.07 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 13.40 | 5.60 | 10.70 | 6.50 | 9.80 | |||||
| Inventory Days | 869.80 | 313.10 | 429.80 | 331.90 | 241 | |||||
| Payable Days | 403.90 | -59.50 | -91 | -174.70 | -302.30 | |||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Modis Navnirman Ltd FAQs
The current trading price of Modis Navnirman on 24-Sep-2026 16:59 is ₹364.0.
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 23-Sep-2026 the market cap of Modis Navnirman stood at ₹713.1 Cr
The latest P/E ratio of Modis Navnirman as of 23-Sep-2026 is 24.41.
The latest P/B ratio of Modis Navnirman as of 23-Sep-2026 is 4.31.
The 52-week high of Modis Navnirman is ₹426.4 and the 52-week low is ₹290.0.
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.
You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
