Price
Financials
Standalone, Rs crore| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 32.02 | 19.94 | 45.54 | 37.85 | 54.43 | 51.49 | 58.26 |
| Expenses | 24.26 | 16.81 | 35.47 | 32.18 | 39.74 | 46.68 | 47.07 |
| Operating Profit | 7.76 | 3.13 | 10.07 | 5.67 | 14.69 | 4.81 | 11.19 |
| OPM % | 24.23% | 15.70% | 22.11% | 14.98% | 26.99% | 9.34% | 19.21% |
| Other Income | 0.27 | 0.78 | 0.13 | 0.29 | 0.16 | 2.79 | 0.49 |
| Interest | 0.05 | 0.46 | 0.01 | 0.02 | 0.08 | 1.57 | 0.02 |
| Depreciation | 0.10 | 1.48 | 0.00 | 0.10 | 0.30 | 0.09 | 0.11 |
| Profit before tax | 7.88 | 1.97 | 10.19 | 5.84 | 14.47 | 5.94 | 11.55 |
| Tax % | 11.04% | 23.86% | 33.37% | 10.96% | 11.75% | 25.08% | 25.45% |
| Net Profit | 7.01 | 1.51 | 6.79 | 5.20 | 12.77 | 4.45 | 8.61 |
| EPS in Rs | 3.58 | 0.77 | 3.47 | 2.65 | 6.52 | 2.27 | 4.39 |
| Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 3 | 22 | 0 | 0 | 21 | 103 | 189 | 202 |
| Expenses | 2 | 20 | 0 | 2 | 20 | 76 | 154 | 166 |
| Operating Profit | 0 | 2 | 0 | -2 | 0 | 27 | 35 | 36 |
| OPM % | 18% | 10% | 100% | -7% | 2.2% | 26% | 19% | 18% |
| Other Income | 0 | 0 | 0 | 2 | 2 | 2 | 3 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 2 | 0 | 0 | 3 | 27 | 36 | 38 |
| Tax % | 27% | 28% | 31% | -11% | 11% | 16% | 20% | |
| Net Profit | 0 | 1 | 0 | 0 | 3 | 23 | 29 | 31 |
| EPS in Rs | 0.08 | 0.05 | 1.35 | 11.80 | 14.91 | 15.83 | ||
| Dividend Payout % | 0% | 0% | 0% | 1,880% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | % | 84% | ||
| Compounded Profit Growth | % | % | 587% | 26% | ||
| Stock Price CAGR | % | % | 29% | 10% | ||
| Return on Equity | % | 18% | 19% | 21% |
| Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 3 | 17 | 19 | 20 | 20 |
| Reserves | 0 | 0 | 0 | 9 | 56 | 108 | 137 |
| Borrowings | 9 | 2 | 1 | 4 | 5 | 4 | 6 |
| Other Liabilities | 4 | 7 | 3 | 2 | 15 | 150 | 142 |
| Total Liabilities | 13 | 10 | 7 | 32 | 96 | 282 | 305 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 11 | 3 | 1 |
| Other Assets | 13 | 10 | 7 | 32 | 85 | 278 | 303 |
| Total Assets | 13 | 10 | 7 | 32 | 96 | 282 | 305 |
| Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | 8 | -4 | -10 | -33 | -20 | -2 |
| Cash from Investing Activity | 0 | 0 | -0 | -0 | -10 | -3 | 2 |
| Cash from Financing Activity | 4 | -8 | 4 | 30 | 48 | 4 | 2 |
| Net Cash Flow | 0 | -0 | 0 | 19 | 4 | -19 | 2 |
| Free Cash Flow | -3 | 8 | -4 | -10 | -33 | -20 | -2 |
| CFO/OP | -664% | 403% | -2,977% | 631% | -7,146% | -59% | 8% |
| Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 6 | 842 | 13 | 5 | 17 | |
| Inventory Days | 555 | 1,134 | |||||
| Days Payable | 66 | 87 | |||||
| Cash Conversion Cycle | 6 | 496 | 842 | 1,060 | 5 | 17 | |
| Working Capital Days | 1,266 | 19 | -4,436 | 783 | 428 | 293 | |
| ROCE % | 37% | 1% | 5% | 26% | 26% |
| Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.20% | 71.03% | 71.03% | 63.79% | 63.79% | 63.79% | 63.79% | 63.79% | 63.79% | 63.79% | 63.79% | 63.79% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 4.90% | 6.43% | 6.94% | 10.42% | 11.51% | 11.17% | 8.82% | 9.50% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.49% | 0.75% | 1.16% | 1.16% | 1.37% |
| Public | 29.79% | 28.96% | 28.97% | 36.20% | 31.30% | 29.77% | 29.26% | 25.30% | 23.96% | 23.87% | 26.24% | 25.33% |
| No. of Shareholders | 415 | 602 | 793 | 897 | 826 | 856 | 797 | 1,088 | 1,005 | 1,158 | 1,218 | 1,380 |
Fundamentals
Market Cap₹ 724 Cr.
Current Price₹ 367
Stock P/E23.4
Book Value₹ 80.0
ROCE25.8 %
ROE20.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)84%
Compounded Profit Growth (TTM)26%
Standalone figures.
Valuation
Market capRs 622 Cr
Enterprise valueRs 624 Cr
P/E (TTM)30.35x
Price to book24.09x
Price to sales4.60x
EV / EBITDA23.63x
EV / EBIT23.63x
EV / sales4.61x
Earnings yield3.30%
Dividend yield0.27%
P/E, 3-year average2838.80x
P/B, 3-year average9.89x
Profitability
EBITDA margin19.52%
Pre-tax margin19.12%
Net profit margin15.15%
Net margin, latest quarter13.74%
ROE0.62%
ROCE0.53%
ROA0.47%
ROE, 3-year average1.94%
ROCE, 3-year average1.87%
ROA, 3-year average4.53%
ROIC (approx.)105.60%
Tax rate-11.11%
Other income / net worth6.62%
Growth
Profit growth (latest year)-10.00%
Profit CAGR, 3 years-26.86%
Sales growth QoQ-16.89%
Profit growth QoQ-23.42%
Per share
EPS (TTM)Rs 12.12
EPS (latest year)Rs 0.05
EPS (latest quarter)Rs 3.07
EPS, 3-year averageRs 933.46
Book value per shareRs 15.27
Sales per shareRs 79.99
Cash flow per shareRs -6.05
Free cash flow per shareRs -1.18
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividends
Dividend payout1877.78%
Dividend payout, 3-year average1877.78%
Efficiency
Inventory turnover0.00x
Inventory days633640 days
Creditor days87 days
Cash conversion cycle17 days
Working capital days293 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 2 Cr
Net debtRs 2 Cr
Debt to equity0.16x
Net debt / EBITDA0.07x
Interest coverage48.93x
Current ratio (filing 2026-03-31)2.09x
Quick ratio (filing 2026-03-31)1.07x
Trade payables (filing 2026-03-31)Rs 48 Cr
Owners' fund to total sources81.31%
Debt to assets12.62%
Cash flow
Cash from Operating Activity (latest year)Rs -10 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 30 Cr
Net Cash Flow (latest year)Rs 19 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years-1.25x
Statement figures
Net sales (TTM)Rs 135 Cr
Sales (latest quarter)Rs 38 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 26 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 21 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 17 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 26 Cr
Total assetsRs 32 Cr
InvestmentsRs 0 Cr
ReceivablesRs 0 Cr
InventoryRs 17 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.69
Ownership
Promoter holding63.79% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MODIS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.3% | -2.8% | +4.1 pts |
| 1 month | -2.7% | -6.8% | +4.1 pts |
| 3 months | +9.8% | -7.6% | +17.4 pts |
| 6 months | +22.7% | +0.4% | +22.3 pts |
| 3 years | +115.1% | +14.2% | +100.9 pts |
Red flags
F-score 2 of 6| explain | Weak cash conversion Cash from operations was -369% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 33% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 313% while net profit fell in 2026 |
| look | Share dilution Share count up 42% in a year, -100% in three |
| look | Profit leans on other income Other income was 1900% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹58 Cr +27.9% vs Jun 2025.
Net profit ₹9 Cr +26.8%.
Against our estimate for Jun 2026: sales -20.0%, profit -17.5%. Our estimate for Sep 2026: sales Rs 61 Cr, profit Rs 9 Cr (how).
Activity
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| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Modis Navnirman Ltd?
Modis Navnirman Ltd (MODIS) has a market capitalisation of Rs 724 Cr. at the 2026-10-01 close.
What is the P/E ratio of Modis Navnirman Ltd?
Modis Navnirman Ltd trades at a P/E of 23.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Modis Navnirman Ltd's latest quarterly results?
In the Jun 2026 quarter, Modis Navnirman Ltd sales was Rs 58 Cr (+27.9% vs Jun 2025) and net profit was Rs 9 Cr.
What is the 52-week high and low of Modis Navnirman Ltd?
The 52-week high is Rs 429.05 and the 52-week low is Rs 276.00.