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Modis Navnirman (MODIS) had a P/E of 23.2× on 6 Nov 2026, above the industry P/E of 22.1×. Its ROCE of 24% is the highest among the 7 largest Real Estate (Development) peers, and sales and net profit grew 70% and 72% a year over 3 years. Debt is 0.14× equity. It is a small-cap company with a market cap of ₹840 Cr, ranked 39th of 112 Real Estate (Development) companies by market cap; the shares rose 8.7% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹436.80
Day high
₹437.00
Day low
₹420.80
Prev. close
₹431.00
Volume
70.7K

Health check

4 good · 2 fair
  • ReturnsAhead

    +8.7% over a year, better than 7 of 7 peers.

  • Price tagIn line

    P/E 23.2 vs industry 22.1.

  • GrowthStrong

    Sales +69.7%, profit +71.7% a year over 3 years.

  • ProfitabilityStrong

    ROCE 23.6% vs peer median 10.4%.

  • Balance sheetFair

    Debt 0.14× equity, interest covered 23.0×, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹840 Cr, #39 of 112 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹234 Cr · profit ₹36 Cr
Market cap
₹840 Cr
Small cap
P/E
23.2
Industry 22.1
Price to book
4.78
Peers 2.88
Dividend yield
0.00%
ROE
20.5%
Peers 11.1%
ROCE
23.6%
Peers 10.4%
Debt to equity
0.14
Debt ₹24 Cr
EPS (TTM)
₹18.44
Face value ₹10
OPM (TTM)
19.3%
Net margin 15.5%
Sales growth
+19.1%
Latest quarter vs a year ago
Profit growth
+21.9%
Latest quarter vs a year ago
Price to sales
3.60
EV/EBITDA 18.0

Strengths and risks

Strengths

  • Return on equity of 20.5%.
  • Return on capital employed of 23.6%.
  • Quarterly profit up 21.9% on a year ago.
  • Quarterly sales up 19.1% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Modis Navnirman

Modi's Navnirman Limited engages in the real estate business in India. The company develops residential and commercial and other projects. Modi's Navnirman Limited was founded in 2010 and is based in Mumbai, India.

Headquarters
Mumbai
Employees
28
Sector
Real Estate
ISIN
INE0L0L01012
Website
modisnirman.com

Price range

52 weeks

₹276.00₹449.00

Today

₹420.80₹437.00
Avg volume (3M)
75.8K
1-year return
plus 8.7%
From 52-week high
minus 4.5%

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
DLFDLF752.90plus 1.03%1,86,36640.8127.66.3%15.3%0.0111.3%minus 3.8%
LODHALodha Developers1,179.00plus 0.27%1,17,81227.125.218.2%33.1%0.4120.4%minus 3.9%
OBEROIRLTYOberoi Realty1,739.00minus 0.13%63,23024.018.816.7%57.5%0.1412.9%minus 2.2%
GODREJPROPGodrej Properties1,809.30minus 0.31%54,50140.4–11.1%−6.5%1.0232.4%minus 20.9%
BRIGADEBrigade Enterprises558.15minus 0.89%18,20525.115.69.8%29.2%0.8318.5%minus 26.2%
ANANTRAJAnant Raj445.45minus 4.41%16,03126.524.110.4%27.8%0.1337.9%minus 27.8%
SOBHASobha1,275.40minus 1.28%13,64271.446.77.4%6.5%0.3316.3%minus 20.2%
MODISModis Navnirman428.65minus 0.55%84023.223.823.6%19.3%0.1469.7%plus 8.7%
Median of 7 peers–−0.31%54,50127.124.710.4%27.8%0.3318.5%−20.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
58.354.451.558.369.4
47.139.746.747.155
11.214.74.811.214.4
19.2%27.0%9.3%19.2%20.7%
0.50.22.80.50.2
00.11.601.2
0.10.30.10.10.1
11.514.55.911.513.3
25.5%11.7%25.3%25.5%21.1%
8.612.84.48.610.5
4.366.472.254.365.34

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+69.7%
Profit CAGR 3Y
+71.7%
EPS CAGR 3Y
+63.4%
ROE
20.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
38.757.8103189
–+49.3%+78.1%+84.0%
3048.875.9154
8.792735.4
22.4%15.6%26.2%18.7%
0.701.62.9
1.700.71.7
000.40.4
−0–−0.10.2
7.79.127.436.4
25.1%26.2%15.5%19.8%
5.86.723.129.2
–+16.1%+245.4%+26.3%
3.413.5111.8014.89

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.919.119.619.6
15.377.6108137
7.57.24.46.3
19.7100150142
59.4204282305
0210.6
0.503.21.2
2.6223.45
56.3180275298
59.4204282305

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−7.3−5.9−20.5−2.3
−0.4−0.4−2.62.2
8.98.94.51.7
1.22.6−18.71.6
–−0−0−0
−7.3−5.9−20.5−2.4
–−1.7––

Shareholding pattern

Source: NSE filings
63.8%
promoters
  • Promoters63.79%
  • Public36.21%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202663.79%36.21%0.00
30 Jun 202663.79%36.21%0.00
31 Mar 202663.79%36.21%0.00
31 Dec 202563.79%36.21%0.00
14 Nov 202563.79%36.21%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you