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Swing Capital

Modis Navnirman Ltd

NSE: MODIS BSE: 543539Infra

Modis Navnirman Ltd (MODIS) is a Infra company listed on NSE: MODIS | BSE: 543539. With a market cap of ₹692 Cr and ROCE of 29.6%, ROE of 23.6%, it operates in the Indian Infra sector.

₹353
52W: ₹242 — ₹415
PE 23.7 · Book ₹80 · +341% vs book
Market Cap₹692 Cr
Stock P/E23.7Price to Earnings
ROCE29.6%Return on Capital
ROE23.6%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company is almost debt free.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Promoter holding has decreased over last 3 years: -6.41%

Shareholding Pattern

Promoters63.79%
FIIs8.82%
DIIs1.16%
Public26.24%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.79%63.79%63.79%63.79%63.79%63.79%63.79%63.79%
FIIs0%4.9%▲4.96.43%▲1.56.94%▲0.510.42%▲3.511.51%▲1.111.17%▼0.38.82%▼2.3
DIIs0%0%0%0%0.49%▲0.50.75%▲0.31.16%▲0.41.16%
Public36.2%31.3%▼4.929.77%▼1.529.26%▼0.525.3%▼4.023.96%▼1.323.87%▼0.126.24%▲2.4

Financial Statements

MetricDec 2024Mar 2025Sep 2025Dec 2025Mar 2026
Sales32.0219.9437.8554.4351.49
Expenses24.2616.8132.1839.7446.68
Operating Profit7.763.135.6714.694.81
OPM %24.23%15.7%14.98%26.99%9.34%
Net Profit7.011.515.212.774.45
EPS ₹3.580.772.656.522.27

AI Insights

Revenue Trend

Mar 2026 revenue at ₹189Cr, up 152% YoY. OPM at 19%.

Debt Position

Borrowings at ₹6Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Institutional Flow

DIIs: 1.16% (+1.16pp change). FIIs: 8.82% (+8.82pp change). Promoters hold 63.79%.

Margin & Efficiency

ROCE improving from 0% (Mar 2019) to 30% (Mar 2026). Working capital days: 293.

Valuation

PE 23.7x with 29.6% ROCE. Price is 341% above book value of ₹80. Dividend yield: 0%.

Recent Announcements