Modi's Navnirman Ltd.

383.15-4.85%

2026-08-21

modisnirman.comBSE: 543539NSE: MODIS
Market Cap₹ 805 Cr.
Current Price₹ 403
High / Low₹ 429 / 276
Stock P/E27.6
Book Value₹ 84
Price to Book3.71
Dividend Yield0.00 %
ROCE26.0 %
ROE20.5 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 21.7%
  • Latest quarter profit grew 5567.8% YoY, showing strong momentum
  • Company has consistently been profitable over the last 5 years
  • Working capital cycle has improved - days down from 439 to 303
  • Company comfortably covers its interest (23.0x coverage)

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Operating cash flow has been negative in recent years
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.49x)
  • Total debt has risen sharply - up 68.2% year on year
  • Free cash flow has been persistently negative
  • Operating margins have contracted to 18.5% from 21.9%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.DLF667.1037.14165128.041.20793.90-89.591280.34-52.876.8149.68
2.LODHA1206.0029.21120500.930.351373.10103.394996.7043.1016.8938.51
3.PHOENIXLTD1915.1553.5168497.970.13394.5122.951074.9412.8013.7059.77
4.PRESTIGE1575.0059.5767840.010.13271.40-12.872675.1015.9411.5131.75
5.OBEROIRLTY1859.0025.7067593.660.43543.5129.021300.8931.7317.6956.75
6.GODREJPROP1994.9537.5560093.180.50349.38-41.61506.1716.488.37-57.98
7.ANANTRAJ631.2539.2622717.230.16149.1918.50631.406.5812.2329.53
8.BRIGADE586.0527.5119120.430.26216.9437.351115.55-12.9311.0232.33
9.ABREL1395.750.0015589.920.18-34.59-27.73188.8530.95-4.54-30.02
10.SOBHA1274.4059.1013630.200.4750.85273.371278.1550.036.966.07
11.SIGNATURE785.7510.5911054.400.00-16.53-148.00551.99-36.245.56-8.10
12.MODIS411.1027.60805.390.008.5858.26192.1725.9719.15
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2025
20
17
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
2
Tax %
23.23%
Net Profit
0
1
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
46
35
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
10
Tax %
33.35%
Net Profit
7
0
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
51
47
Operating Profit
OPM %
Other Income
3
Interest
2
Depreciation
0
6
Tax %
25.25%
Net Profit
4
2
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
58
47
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
12
Tax %
25.54%
Net Profit
9
0
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
20
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
9
8
Operating Profit
1
OPM %
13
Other Income
0
Interest
0
Depreciation
0
1
Tax %
25
Net Profit
1
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2023
43
35
Operating Profit
9
OPM %
22
Other Income
1
Interest
2
Depreciation
0
8
Tax %
25
Net Profit
6
EPS
3
Dividend Payout %
29
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
58
49
Operating Profit
9
OPM %
16
Other Income
0
Interest
0
Depreciation
0
9
Tax %
26
Net Profit
7
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2025
103
76
Operating Profit
28
OPM %
28
Other Income
2
Interest
1
Depreciation
0
27
Tax %
16
Net Profit
23
EPS
12
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
12
Minority Interest
0
Share of Associates
0
Adjusted EPS
12
Mar 2026
189
154
Operating Profit
38
OPM %
20
Other Income
3
Interest
2
Depreciation
0
36
Tax %
20
Net Profit
29
EPS
15
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
TTM
175
146
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
2
30
Tax %
28
Net Profit
21
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
64%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
72%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:

RETURN ON EQUITY

10 Years:
5 Years:
22%
3 Years:
18%
Last Year:
21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2022

Nov 15

3:1

Bonus issue

Mar 2022
Equity Capital
3
1
0
Trade Payables
3
25
Total Liabilities
31
0
0
21
0
Cash & Bank
1
8
Total Assets
31
Total Debt
20
Net Working Capital
18
Contingent Liabilities
0
Book Value per Share
12.83
Face Value
10.00
Total Debt
20
Net Working Capital
18
Contingent Liabilities
0
Book Value per Share
12.83
Face Value
10.00
Mar 2023
Equity Capital
17
15
0
Trade Payables
4
23
Total Liabilities
59
0
1
52
0
Cash & Bank
3
4
Total Assets
59
Total Debt
7
Net Working Capital
39
Contingent Liabilities
0
Book Value per Share
19.06
Face Value
10.00
Total Debt
7
Net Working Capital
39
Contingent Liabilities
0
Book Value per Share
19.06
Face Value
10.00
Mar 2024
Equity Capital
19
66
0
Trade Payables
7
20
Total Liabilities
113
0
15
84
2
Cash & Bank
8
4
Total Assets
113
Total Debt
6
Net Working Capital
75
Contingent Liabilities
0
Book Value per Share
44.71
Face Value
10.00
Total Debt
6
Net Working Capital
75
Contingent Liabilities
0
Book Value per Share
44.71
Face Value
10.00
Mar 2025
Equity Capital
20
108
3
Trade Payables
23
133
Total Liabilities
286
1
3
104
1
Cash & Bank
3
174
Total Assets
286
Total Debt
3
Net Working Capital
124
Contingent Liabilities
0
Book Value per Share
65.09
Face Value
10.00
Total Debt
3
Net Working Capital
124
Contingent Liabilities
0
Book Value per Share
65.09
Face Value
10.00
Mar 2026
Equity Capital
20
137
6
Trade Payables
48
96
Total Liabilities
306
1
1
146
9
Cash & Bank
5
144
Total Assets
306
Total Debt
6
Net Working Capital
157
Contingent Liabilities
10
Book Value per Share
79.96
Face Value
10.00
Total Debt
6
Net Working Capital
157
Contingent Liabilities
10
Book Value per Share
79.96
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
-16
Cash from Investing
-0
Cash from Financing
17
1
Free Cash Flow
-16
OCF / Net Profit
-19.14
Cumulative 5-Year FCF
0
OCF / Net Profit
-19.14
Cumulative 5-Year FCF
0
Mar 2023
-7
Cash from Investing
-0
Cash from Financing
9
1
Free Cash Flow
-7
OCF / Net Profit
-1.26
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.26
Cumulative 5-Year FCF
0
Mar 2024
-6
Cash from Investing
-0
Cash from Financing
9
3
Free Cash Flow
-6
OCF / Net Profit
-0.88
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.88
Cumulative 5-Year FCF
0
Mar 2025
-20
Cash from Investing
-3
Cash from Financing
4
-19
Free Cash Flow
-22
OCF / Net Profit
-0.89
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.89
Cumulative 5-Year FCF
0
Mar 2026
-2
Cash from Investing
2
Cash from Financing
2
2
Free Cash Flow
-2
OCF / Net Profit
-0.08
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.08
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
2.83
Book Value (₹)
12.83
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.71
Operating Margin %
12.69%
Net Margin %
9.34%
ROE %
22.02%
ROCE %
4.87%
2.70%
Debtor Days
13
Inventory Days
870
Payable Days
404
479
Debt to Equity (x)
5.13x
Interest Coverage (x)
77.93x
3.28x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
3.41
Book Value (₹)
19.06
Dividend per Share (₹)
1.00
Cash EPS (₹)
3.41
Operating Margin %
21.86%
Net Margin %
13.38%
ROE %
31.96%
ROCE %
29.85%
12.73%
Debtor Days
6
Inventory Days
313
Payable Days
-59
378
Debt to Equity (x)
0.23x
Interest Coverage (x)
5.46x
2.96x
Revenue Growth %
379.28%
Operating Profit Growth %
725.51%
Net Profit Growth %
586.73%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
3.51
Book Value (₹)
44.71
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.51
Operating Margin %
15.56%
Net Margin %
11.58%
ROE %
11.38%
ROCE %
13.90%
7.78%
Debtor Days
11
Inventory Days
430
Payable Days
-91
531
Debt to Equity (x)
0.07x
Interest Coverage (x)
231.05x
4.48x
Revenue Growth %
34.16%
Operating Profit Growth %
-3.23%
Net Profit Growth %
16.10%
2.90%
P/E (x)
71.18x
P/B (x)
5.58x
Dividend Yield %
0.00%
52.08x
Mar 2025
EPS (₹)
11.80
Book Value (₹)
65.09
Dividend per Share (₹)
0.00
Cash EPS (₹)
12.00
Operating Margin %
26.07%
Net Margin %
22.46%
ROE %
21.71%
ROCE %
25.29%
11.59%
Debtor Days
7
Inventory Days
332
Payable Days
-175
513
Debt to Equity (x)
0.03x
Interest Coverage (x)
38.07x
1.81x
Revenue Growth %
78.09%
Operating Profit Growth %
212.67%
Net Profit Growth %
245.36%
236.55%
P/E (x)
23.71x
P/B (x)
4.30x
Dividend Yield %
0.00%
19.24x
Mar 2026
EPS (₹)
14.89
Book Value (₹)
79.96
Dividend per Share (₹)
0.00
Cash EPS (₹)
15.10
Operating Margin %
18.54%
Net Margin %
15.41%
ROE %
20.53%
ROCE %
25.97%
9.85%
Debtor Days
10
Inventory Days
241
Payable Days
-302
553
Debt to Equity (x)
0.04x
Interest Coverage (x)
22.98x
2.09x
Revenue Growth %
83.97%
Operating Profit Growth %
35.00%
Net Profit Growth %
26.26%
26.26%
P/E (x)
19.93x
P/B (x)
3.71x
Dividend Yield %
0.00%
15.14x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
63.79
0.00
0.00
Government
0.00
36.21
Sep 2024
63.79
4.90
0.00
Government
0.00
31.31
Dec 2024
63.79
6.43
0.00
Government
0.00
29.77
Mar 2025
63.79
6.94
0.00
Government
0.00
29.26
Jun 2025
63.79
10.42
0.49
Government
0.00
25.30
Sep 2025
63.79
11.51
0.75
Government
0.00
23.95
Dec 2025
63.79
11.17
1.16
Government
0.00
23.88
Mar 2026
63.79
8.82
1.16
Government
0.00
26.23
Jun 2026
63.79
9.50
1.37
Government
0.00
25.33

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