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Modis Navnirman Limited (MODIS)

📊 NSE: MODIS 🏢 Residential, Commercial Projects 📅 Last Updated: 11/13/2025 15:25

📢 Recent Corporate Announcements

Modis Navnirman releases Q1 FY27 earnings call recording link

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 10 Aug 2026, 05:13 PM

Modis Navnirman Limited has released the audio recording of its earnings conference call held on August 10, 2026, regarding the Q1 FY 2026-27 financial results. The management discussed the company's unaudited standalone and consolidated performance for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company reported revenue of ₹189.31 cr and a net profit of ₹29.18 cr. The call provides insights into the execution of its 6 active projects and the ₹250 cr redevelopment mandate won in January 2026.

Earnings conference call for Q1 FY 2026-27 held on August 10, 2026
Management discussed unaudited standalone and consolidated results for the quarter ended June 30, 2026
Company maintains a portfolio of 6 active projects including Rashmi Vasudeo and Celestia
New redevelopment mandate valued at ₹250 cr represents approximately 104% of TTM revenue
FY26 annual revenue stood at ₹189.31 cr with an operating profit margin of 18.54%

💡 Investors should review the recording for management commentary on the timeline for BMC approvals and the progress of the ₹250 cr redevelopment mandate won in early 2026.

27.9% Revenue Growth in Q1 FY27; Modis Navnirman Reports Rs 8.54 Cr PAT

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 06:09 PM

Modis Navnirman reported a strong Q1 FY27 with revenue increasing 27.9% YoY to Rs 58.26 Cr. Net profit (PAT) grew 25.8% YoY to Rs 8.54 Cr, supported by a massive 780% surge in area sold to 44,000 sq. ft. The company maintained a healthy EBITDA margin of 19.83% and secured one new redevelopment project during the quarter. With 12.11 lakh sq. ft. under construction and 10.50 lakh sq. ft. in the upcoming pipeline, the company shows strong revenue visibility.

Revenue from operations increased 27.92% YoY to Rs 58.26 Cr
Profit After Tax (PAT) rose 25.81% YoY to Rs 8.54 Cr
Area sold surged 780% YoY to 44,000 sq. ft. in Q1 FY27
Ongoing project portfolio stands at 12.11 lakh sq. ft. across 6 active projects
Upcoming project pipeline expanded to 10.50 lakh sq. ft. across 5 projects

💡 Investors should track the execution progress of the 'Rashmi Icon' and 'Rashmi Avenue' projects, which are currently at the plinth stage, and monitor the conversion of the 10.50 lakh sq. ft. upcoming pipeline into active construction.

25.8% PAT Growth: Modis Navnirman Reports Strong Q1 FY27 Results and 780% Surge in Area Sold

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 05:21 PM

Modis Navnirman reported a robust Q1 FY27 with revenue growing 27.9% YoY to ₹58.26 crore, representing approximately 24.4% of its TTM revenue. Profit After Tax (PAT) rose 25.8% YoY to ₹8.54 crore, showing a sharp sequential recovery of 92% compared to Q4 FY26. A key operational highlight was the 780% YoY surge in area sold to 44,000 sq. ft., indicating strong demand for its Mumbai redevelopment projects. The company also secured one new redevelopment project, expanding its upcoming pipeline to 10.50 lakh sq. ft. across 5 projects.

Revenue from operations increased 27.92% YoY to ₹58.26 crore in Q1 FY27
Area sold surged 780% YoY to 44,000 sq. ft. during the quarter
Profit After Tax (PAT) grew 25.81% YoY to ₹8.54 crore, with Basic EPS rising to ₹4.36
Upcoming project pipeline reached 10.50 lakh sq. ft. across 5 projects
Ongoing projects cover 12.11 lakh sq. ft. with construction reaching the 22nd slab at Rashmi Square

💡 Investors should monitor the execution timeline of the 10.50 lakh sq. ft. upcoming pipeline and the impact of BMC approvals on revenue recognition. Watch for stabilization in EBITDA margins, which contracted slightly to 19.83% from 22.33% YoY.

Modis Navnirman Q1 FY27: Net Profit Rises 26% YoY to ₹8.58 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 01:16 PM

Modis Navnirman Limited reported a strong start to FY27 with consolidated net profit growing 26.4% YoY to ₹8.58 Cr. Revenue from operations increased by 27.9% YoY to ₹58.26 Cr, reflecting steady execution in its Mumbai redevelopment portfolio. Sequentially, the performance was even stronger, with net profit nearly doubling from ₹4.41 Cr in the preceding March quarter. The company maintains a healthy EBITDA margin of approximately 20% as it operates on the Main Board following its migration from the SME platform.

Consolidated Net Profit grew 26.4% YoY to ₹8.58 Cr from ₹6.79 Cr in Q1 FY26
Revenue from operations rose 27.9% YoY to ₹58.26 Cr compared to ₹45.54 Cr in the year-ago period
Standalone EBITDA stood at ₹11.68 Cr, representing a 14.5% increase over Q1 FY26
Basic EPS for the quarter improved to ₹4.36 from ₹3.47 in the corresponding previous quarter
Quarterly revenue represents approximately 24% of the total TTM revenue of ₹239 Cr

💡 Investors should monitor the progress of the ₹250 Cr redevelopment mandate won in January 2026 and watch for any delays in BMC approvals which are critical for revenue recognition in the third project phase.

Aug 10: Modis Navnirman Schedules Q1 FY27 Earnings Call to Discuss Performance

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Aug 2026, 03:34 PM

Modis Navnirman has scheduled its Q1 FY 2026-27 earnings conference call for August 10, 2026, at 1:30 PM IST. The call will be led by Mr. Mahek Modi (Whole Time Director & CFO) to discuss financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company generated ₹189.31 Cr in revenue and ₹29.18 Cr in PAT. Investors will likely seek updates on the ₹250 Cr redevelopment mandate won in January 2026 and the progress of the Main Board migration.

Earnings conference call scheduled for Monday, August 10, 2026, at 1:30 PM IST
Management to discuss performance for the quarter ended June 30, 2026 (Q1 FY27)
Company reported FY26 annual revenue of ₹189.31 Cr and PAT of ₹29.18 Cr
Current project portfolio includes 6 active projects in the Mumbai Metropolitan Region

💡 Monitor the call for management commentary on the execution timeline of the ₹250 Cr redevelopment mandate and any updates regarding the migration from BSE SME to the Main Board.

Modis Navnirman Schedules Q1 FY27 Earnings Call for August 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 05:41 PM

Modis Navnirman Limited has scheduled its earnings conference call for Q1 FY 2026-27 on August 10, 2026, at 1:30 PM IST. The call will be led by Mr. Mahek Modi, Whole Time Director & CFO, to discuss the company's operational and financial performance for the quarter ended June 30, 2026. This follows a TTM revenue performance of Rs 239 Cr and a PAT of Rs 37 Cr. Investors will likely seek updates on the execution of the Rs 250 Cr redevelopment mandate won in early 2026 and the status of its 6 active projects.

Earnings conference call scheduled for August 10, 2026, at 1:30 PM IST
Focus on financial performance for the quarter ended June 30, 2026 (Q1 FY27)
Management representation by Whole Time Director & CFO Mr. Mahek Modi
Company currently manages a portfolio of 6 active residential and commercial projects
TTM revenue stands at Rs 239 Cr with an operating profit margin of 18.6%

💡 Investors should listen for management commentary regarding the timeline for the Rs 250 Cr Mumbai redevelopment mandate and any updates on the migration from BSE SME to the Main Board.

Modis Navnirman 5th AGM: CFO Highlights Record FY26 Growth and Debt-Free Status

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 12:45 PM

Modis Navnirman Limited held its 5th Annual General Meeting on August 5, 2026, where shareholders adopted the FY26 audited financial statements. The CFO reported that the company achieved its entire FY25 profit within the first six months of FY26, reflecting strong execution in Mumbai's redevelopment market. The company remains debt-free and has successfully completed its merger with Shree Modis Navnirman Private Limited. Management emphasized the migration to the Main Board of BSE and NSE as a key step to attract institutional capital.

FY25 full-year profit of Rs 12.25 Cr was surpassed within the first 6 months of FY26
Company maintains a debt-free balance sheet as of August 2026
FY26 annual revenue reported at Rs 189.31 Cr with a PAT of Rs 29.18 Cr
Successful migration from BSE SME to the Main Board of both BSE and NSE confirmed
New redevelopment mandate value of Rs 250 Cr highlighted as a key growth driver

💡 Investors should monitor the execution timeline of the Rs 250 Cr redevelopment mandate and the impact of Main Board migration on institutional liquidity.

Modis Navnirman reports 100% compliance with SEBI PIT regulations for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 07:23 PM

Modis Navnirman Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. The company confirmed that it captured 3 specific events involving Unpublished Price Sensitive Information (UPSI) during the quarter. The database is maintained internally, is non-tamperable, and includes an audit trail for 8 years. No non-compliances were reported, indicating adherence to SEBI (Prohibition of Insider Trading) Regulations.

Captured 3 specific events involving Unpublished Price Sensitive Information (UPSI) during the quarter ended June 30, 2026
Maintains a non-tamperable internal database with an audit trail capability for 8 years
Reported zero non-compliances for the previous quarter
Compliance certified by the Company Secretary under Regulation 3(5) and 3(6) of SEBI PIT Regulations

💡 This is a routine administrative filing. Investors should focus on upcoming Q1 FY27 financial results to understand the impact of the 3 UPSI events mentioned.

Modis Navnirman Confirms 100% Demat Holding for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 07:00 PM

Modis Navnirman Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar, Bigshare Services Pvt. Ltd., confirmed that no rematerialization requests were received during the quarter ended June 30, 2026. The filing explicitly states that the entire shareholding of the company is already held in dematerialized form, ensuring compliance with SEBI mandates.

Compliance confirmed for the quarter ended June 30, 2026
100% of the company's shares are currently held in dematerialized form
0 rematerialization requests were received during the three-month period

💡 This is a routine administrative filing; investors should focus on upcoming quarterly financial results for performance insights.

Modis Navnirman Schedules 5th AGM for Aug 5; Reports 11 Total Projects in Pipeline

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 10 Jul 2026, 08:19 PM

Modis Navnirman has released its Integrated Annual Report for FY 2025-26 and scheduled its 5th Annual General Meeting for August 5, 2026. The report details a robust pipeline consisting of 6 ongoing and 5 upcoming redevelopment projects across Mumbai's western suburbs. Financial momentum is strong, with the company achieving nearly its entire FY25 profit (Rs 12.25 Cr) within the first six months of FY26 (Rs 12.01 Cr). The company is also pursuing a migration from the BSE SME to the Main Board to enhance institutional participation.

5th Annual General Meeting scheduled for August 5, 2026, at the company's registered office
Portfolio includes 6 active ongoing projects and 5 upcoming redevelopment projects in Mumbai
H1 FY26 profit of Rs 12.01 Cr achieved, nearly matching the full FY25 profit of Rs 12.25 Cr
New redevelopment mandate won in January 2026 valued at Rs 250 Cr, representing ~104% of TTM revenue

💡 Investors should monitor the execution timelines for the 5 upcoming projects and the progress of the migration to the Main Board for improved liquidity.

August 5, 2026: Modis Navnirman Schedules 5th AGM; Re-appointment of MD on Agenda

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Jul 2026, 06:09 PM

Modis Navnirman Limited has scheduled its 5th Annual General Meeting (AGM) for August 5, 2026, to approve the audited financial statements for FY 2025-26. The agenda includes the re-appointment of Mr. Dinesh Modi, the Chairman and Managing Director, who holds a 30.78% stake in the company. Shareholders as of the July 29, 2026 cut-off date can participate in remote e-voting from August 1 to August 4. This is a routine administrative filing required under SEBI regulations.

5th Annual General Meeting scheduled for August 5, 2026, at 11:00 AM IST.
Cut-off date for e-voting eligibility is set for July 29, 2026.
Remote e-voting period runs from August 1 (9:00 AM) to August 4 (5:00 PM), 2026.
Re-appointment of Chairman Dinesh Modi, who holds 60,29,968 equity shares (30.78% stake).
Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.

💡 Investors should review the full Annual Report when available for detailed project-wise execution updates in the Mumbai redevelopment market. No specific action is required other than participating in the voting process if desired.

Modis Navnirman Issues Newspaper Notice for 5th Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 04:30 PM

Modis Navnirman Limited has published newspaper advertisements on July 7, 2026, to inform shareholders about its upcoming 5th Annual General Meeting (AGM). This is a standard procedural disclosure under SEBI (LODR) Regulations. The company currently has a market capitalization of Rs 675 Cr and reported TTM revenue of Rs 239 Cr. While the specific AGM agenda was not detailed in this filing, such meetings typically cover financial approvals and management updates.

Published newspaper advertisements on July 7, 2026, regarding the 5th AGM
Advertisements appeared in Free Press Journal (English) and Navshakti (Marathi)
Company maintains a TTM revenue of Rs 239 Cr and PAT of Rs 37 Cr
Current project portfolio includes 6 active projects in the Mumbai Metropolitan Region

💡 Investors should review the full AGM notice once available to check for updates on the proposed migration from BSE SME to the Main Board and the execution status of the Rs 250 Cr redevelopment mandate.

Modis Navnirman Approves FY26 Directors' Report and Schedules 5th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 01:38 PM

Modis Navnirman Limited held a board meeting on July 06, 2026, to approve the Directors' Report for the financial year ended March 31, 2026. The board also finalized the notice and e-voting procedures for the upcoming 5th Annual General Meeting (AGM). This is a standard procedural filing following the conclusion of the fiscal year, where the company reported a TTM revenue of 239 Cr and PAT of 37 Cr. No new material business developments or financial commitments were disclosed in this specific outcome.

Board meeting held on July 06, 2026, between 11:00 AM and 1:30 PM.
Approved the Directors' Report for the financial year ended March 31, 2026.
Authorized the convening of the 5th Annual General Meeting (AGM) of the company.
Appointed Mr. Jigarkumar Gandhi, Practicing Company Secretary, as the Scrutinizer for the e-voting process.

💡 Investors should monitor the release of the full Annual Report for FY26 to assess the progress of the 250 Cr redevelopment mandate won in January 2026.

Modis Navnirman Board Meeting on July 6, 2026, to Approve FY26 Directors' Report and AGM Notice

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 01 Jul 2026, 06:39 PM

Modis Navnirman Limited has scheduled a board meeting for July 6, 2026, to finalize the administrative requirements for its 5th Annual General Meeting (AGM). The board will consider and approve the Directors' Report for the financial year ended March 31, 2026, and set the date and venue for the AGM. This follows a fiscal year where the company reported a TTM revenue of Rs 239 Cr and a PAT of Rs 37 Cr. This is a routine regulatory procedure necessary for the conclusion of the annual reporting cycle.

Board meeting scheduled for July 6, 2026, to approve the Directors' Report for FY26.
The meeting will finalize the date, time, and venue for the 5th Annual General Meeting.
Approval of the draft Notice convening the AGM and e-voting facilities for shareholders.
Appointment of a Scrutinizer to oversee the remote e-voting process for the upcoming AGM.

💡 Investors should monitor the outcome of the July 6 meeting for the specific AGM date and the subsequent release of the full Annual Report to review detailed FY26 performance and management's future guidance.

Modis Navnirman Cancels Analyst and Institutional Investor Meeting Scheduled for June 26, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 05:24 PM

Modis Navnirman Limited has officially cancelled its meeting with analysts and institutional investors that was previously scheduled for June 26, 2026, at 10:00 AM IST. The company cited 'some exigencies' as the reason for the cancellation of the session. This meeting was originally announced via a letter dated June 23, 2026. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cancellation of the Analyst/Investor meeting scheduled for June 26, 2026, at 10:00 AM IST.
The meeting was originally notified to the exchanges on June 23, 2026.
Company cited 'exigencies' as the primary reason for the sudden cancellation.
Compliance filing submitted under Regulation 30(6) of SEBI LODR Regulations.
No immediate rescheduled date or time has been provided by the company management.

💡 Investors should treat this as a routine administrative update and monitor for any future announcements regarding a rescheduled date for the investor interaction.

View All MODIS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment of Real Estate Development. Revenue from operations grew 49.7% YoY from INR 57.78 Cr in FY24 to INR 86.54 Cr in FY25. In H1 FY26, revenue surged 127.72% YoY to INR 83.39 Cr compared to INR 36.62 Cr in H1 FY25.

Geographic Revenue Split

100% of revenue is derived from the Mumbai region, specifically focused on redevelopment projects in the Western Suburbs such as Kandivali.

Profitability Margins

Net Profit Margin improved from 11.58% in FY24 to 14.15% in FY25. In H1 FY26, PAT margin stood at 14.33%, up from 12.12% in H1 FY25, driven by higher execution efficiency in projects like Rashmi Celestia and Rashmi Signature.

EBITDA Margin

EBITDA margin for H1 FY26 was 19.15%, representing a significant improvement from 16.22% in H1 FY25. Core profitability is rising due to the strategic focus on high-margin redevelopment mandates.

Capital Expenditure

The company follows an asset-light model; however, project-specific spends for H1 FY26 totaled INR 67.34 Cr. Planned CAPEX is focused on the pipeline of redevelopment projects rather than heavy fixed asset investment.

Credit Rating & Borrowing

The company is effectively debt-free as of H1 FY26. Long-term borrowings were reduced by 42% from INR 5.79 Cr in FY24 to INR 3.34 Cr in FY25, and further reduced to INR 1.00 Cr by September 2025. Interest costs are negligible at INR 0.01 Cr.

⚙️ Operational Drivers

Raw Materials

Construction materials including Steel, Cement, and Labor, which collectively represent approximately 77% of the total revenue as per H1 FY26 raw material expenses of INR 64.47 Cr.

Import Sources

Sourced locally within Maharashtra and India to support Mumbai-based construction projects.

Capacity Expansion

Current project portfolio includes 6 active projects (Rashmi Vasudeo, Celestia, Square, Signature, Delight, Manorath). Expansion includes a new INR 250 Cr redevelopment mandate in Mumbai won in January 2026.

Raw Material Costs

Raw material expenses (including inventory changes) were INR 64.47 Cr in H1 FY26, representing 77.3% of revenue. Costs increased 124.71% YoY in line with the 127% revenue growth, indicating stable procurement pricing.

Manufacturing Efficiency

Project execution efficiency is high, with the company achieving its entire FY25 profit (INR 12.25 Cr) within the first six months of FY26 (INR 12.01 Cr).

📈 Strategic Growth

Expected Growth Rate

100%

Growth Strategy

Growth will be achieved through the migration from BSE SME to the Main Board of BSE/NSE to attract institutional capital, a strategic merger with Shree Modis Navnirman Pvt. Ltd. to enhance scale, and a focus on the Mumbai redevelopment market, evidenced by the recent INR 250 Cr mandate win. The company plans to deliver one major project (Rashmi Celestia) in H2 FY26 to boost sales.

Products & Services

Residential apartments and commercial spaces primarily through the redevelopment of old housing societies.

Brand Portfolio

Modis Navnirman, Rashmi Heights, Rashmi Vasudeo, Rashmi Celestia, Rashmi Square, Rashmi Signature, Rashmi Delight, Rashmi Manorath.

New Products/Services

New redevelopment projects in Mumbai's western suburbs with an expected mandate value of INR 250 Cr.

Market Expansion

Migration to the Main Board to increase visibility and liquidity for future expansion across the Mumbai Metropolitan Region.

Strategic Alliances

Merger with Shree Modis Navnirman Private Limited to consolidate operations and brand value.

🌍 External Factors

Industry Trends

Shift toward organized and transparent developers due to RERA; Mumbai redevelopment is a high-growth niche due to land scarcity. Urbanization in India is expected to rise from 37% to 53% by 2050.

Competitive Landscape

Competes with other Mumbai-based developers in the redevelopment space; positioning is strengthened by the recent Main Board migration.

Competitive Moat

Moat is built on a debt-free balance sheet, specialized expertise in Mumbai's complex redevelopment regulations (BMC/RERA), and a strong track record of timely delivery which builds trust with housing societies.

Macro Economic Sensitivity

Highly sensitive to Indian real estate cycles and urbanization trends; sector expected to grow to USD 5-10 trillion by 2047.

Consumer Behavior

Increasing demand for premium housing and trusted developer brands in the post-pandemic Mumbai market.

Geopolitical Risks

Low direct impact; however, global commodity price fluctuations (steel/oil) indirectly affect construction costs.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by RERA (Real Estate Regulatory Authority) and BMC (Brihanmumbai Corporation) building codes and approval processes.

Environmental Compliance

Establishing the Modi's Navnirman Foundation for sustainability and community development.

Taxation Policy Impact

Effective tax rate of approximately 25.1% in H1 FY26 (INR 4.03 Cr tax on INR 16.04 Cr PBT).

Legal Contingencies

The company has disclosed the impact of pending litigations in its financial statements as of March 31, 2025, though specific case values were not disclosed in the provided summary.