to approve and consider the financials results for the year ended for 31st March 2026 and Quarter ended 31st March 2026
MODIS · price
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Modis Navnirman Ltd reported FY26 standalone revenue of Rs 18,931.35 lakhs, up 84% from Rs 10,290.62 lakhs in FY25, driven primarily by the merger with Shree Modis Navnirman Private Limited (effective April 1, 2025). Profit after tax grew 26.4% to Rs 2,921.90 lakhs from Rs 2,311.05 lakhs, while EBITDA stood at Rs 3,849.80 lakhs. EPS improved to Rs 14.91 from Rs 11.80. However, operating cash flow remained negative at Rs (229.52) lakhs in FY26 (improved from Rs (2,049.59) lakhs in FY25). The company migrated from SME platform to Main Board in November 2025 and adopted Ind AS from April 1, 2025, with all prior year figures restated. Auditors DGMS & Co. issued an unmodified opinion on both standalone and consolidated results.
Strong topline and bottom-line growth reflects the post-merger enlarged entity, but two consecutive years of negative operating cash flow despite profitability raises concerns about cash conversion quality. Investors should monitor working capital management.