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NSE:MODIS

MODIS NAVNIRMAN LTD

Realty › Realty
₹383.05
at close · 28 Oct 2026
▼ 2.85 (-0.74%)

Latest filings

  1. Audio recording of Q2 and H1 FY 2026-27 earnings call shared · Investor Communications
  2. September quarter profit rises 21.9%; six-month EPS reaches Rs 9.72 · Compliance
  3. H1 FY27 revenue up 53%, EBITDA margin improves to 20.5% · Investor Communications
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

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.

Operating scale
Ongoing projects
6 projectsFY26
Total portfolio
24 projectsFY26
Area delivered to date
7.25 lakh sq ftFY26
Under construction
12.5 lakh sq ftFY26
Pipeline inventory
9 lakh sq ftFY26
Base ASP
Rs 25,000-27,000 per sq ftFY26
Who pays it
Homebuyers and commercial space buyers in Mumbai, with rising interest from non-resident Indians (NRIs).
Biggest cost
Construction materials and raw inputs at 100.4% of revenue (FY26).
Kind of business
Asset-light, debt-free residential and commercial redevelopment developer in Mumbai.
Where it sits
Focused on redeveloping aging housing societies in Mumbai's western suburbs; expanding into South Mumbai (Khar) at premium price points.
Market Cap
₹750 Cr
P / E (TTM)
29.6×
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
23.6%▲
ROCE (FY26)
ROE 18.6% · margin 20.3%
Leverage
0.04·
Debt / Equity · low
Net debt ₹4.15 Cr
Revenue FY23→FY26
4.6×▲
Revenue change
₹42 Cr → ₹189 Cr
Moves on a normal day
1.14%·
Median daily move
Last 234 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#39/57
P/B#61/64
ROCE#4/66
ROE#7/64
Debt / Equity#12/64
EBITDA margin#41/66
Revenue growth#14/67

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Returns on capital 23.6%
#4 of 66 in Residential Commercial Projects on the latest reported figures · up from 20.0% in FY23
Debt at 0.04× equity
lower than 83% of its 64 Residential Commercial Projects peers
Concerns
Heavy working capital — 206 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MODIS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MODIS NAVNIRMAN LTD's filed financials and exchange disclosures

What does MODIS NAVNIRMAN LTD do?

MODIS NAVNIRMAN LTD is a Realty company listed on NSE and BSE, trading under the symbol MODIS.

Does MODIS NAVNIRMAN LTD pay a dividend?

Not in the latest reported year — MODIS NAVNIRMAN LTD's dividend payout for FY26 was nil.

Is MODIS NAVNIRMAN LTD debt-free?

No. It reported borrowings of ₹5.62 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹4.15 Cr after cash. Debt stands at 0.04× equity. That is lower than 83% of its 64 Residential Commercial Projects peers.

Is MODIS NAVNIRMAN LTD expensive compared with its peers?

On trailing P/E, MODIS NAVNIRMAN LTD ranks 39 of 57 in Residential Commercial Projects — cheaper than 32% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the MODIS NAVNIRMAN LTD share price move in a day?

On a typical session MODIS NAVNIRMAN LTD moves 1.14% — that is the median absolute close-to-close move across its last 234 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MODIS NAVNIRMAN LTD's announcements?

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.