What the business is, and whether it's a good one at a fair price.
Redevelops aging housing societies in Mumbai's western suburbs (Borivali, Kandivali, Malad, Goregaon) into new residential and commercial projects, and sells the resulting units. FY26 revenue of Rs 189.31 crore came from handing over two projects — Rashmi Vasudev (90 units, Borivali West) and Rashmi Celestia (81 units plus 10,500 sq ft of commercial space, Borivali) — with average selling prices (ASPs) in the Rs 25,000-27,000 per sq ft range. The company operates six ongoing projects including newly launched Rashmi Icon and Rashmi Avenue, with a future pipeline targeting higher-priced South Mumbai (Khar) projects at Rs 45,000-50,000 per sq ft. Construction materials and raw inputs dominate the cost base at 100.4% of revenue, while employee costs sit at 2.0% and other operating expenses at 1.8%. The company runs an asset-light, debt-free model, with borrowings of about Rs 6 crore against capital employed of Rs 80-90 crore.
Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MODIS NAVNIRMAN LTD's filed financials and exchange disclosures
MODIS NAVNIRMAN LTD is a Realty company listed on NSE and BSE, trading under the symbol MODIS.
Not in the latest reported year — MODIS NAVNIRMAN LTD's dividend payout for FY26 was nil.
Effectively yes. Debt stands at 0.04× equity.
On trailing P/E, MODIS NAVNIRMAN LTD ranks 37 of 57 in Residential Commercial Projects — cheaper than 36% of them, against an industry median of 21.8×. This is a position, not a valuation judgement.
On a typical session MODIS NAVNIRMAN LTD moves 1.05% — that is the median absolute close-to-close move across its last 204 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MODIS NAVNIRMAN LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
