BSE: 543539 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Modis Navnirman Ltd is a below average quality company.
The key valuation ratios of Modis Navnirman Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Modis Navnirman Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 3.3% | 0.5% | 5.3% | - |
| Value Creation Index ⓘ | -0.8 | -1.0 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 0.1 | 0 | 20.9 | 21 |
| Sales YoY Gr. | - | -100% | NA | - |
| Adj EPS ⓘ | 0.1 | -0.6 | 1.1 | 1.3 |
| YoY Gr. | - | -800% | NA | - |
| BVPS (₹) ⓘ | 2.6 | 15.3 | 37.9 | 42.3 |
| Adj Net Profit ⓘ | 0.1 | -1 | 2.1 | 3 |
| Cash Flow from Ops. ⓘ | -3.9 | -10.2 | -33.2 | - |
| Debt/CF from Ops. ⓘ | -0.3 | -0.4 | -0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | 148.1% | ||||
| Share Price | - | - | - | 44.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 3.2 | -6.6 | 4.1 | 3.3 |
| Op. Profit Mgn % ⓘ | 99.9 | 0 | 2.2 | NAN |
| Net Profit Mgn % ⓘ | 73.9 | 0 | 9.8 | 12.3 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 0 | 946 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 628 | 0 |
Return on Equity has increased versus last 3 years average to 3.30%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.3 | 3.4 |
| TTM Sales (₹ Cr.) | 20.9 | 57.8 |
| BVPS (₹.) ⓘ | 42.3 | 48.9 |
| Reserves (₹ Cr.) ⓘ | 63 | 76 |
| P/BV ⓘ | 6.01 | 5.19 |
| PE ⓘ | 193.44 | 74.38 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 159.75 / 311.00 |
| All Time Low / High (₹) | 46.00 / 311.00 |
| Market Cap (₹ Cr.) | 498 |
| Equity (₹ Cr.) | 19.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 80.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Sales | 0 | 0 | 21 |
| Operating Expenses ⓘ | 0 | 2 | 20 |
| Manufacturing Costs | 0 | 17 | 57 |
| Material Costs | 0 | -17 | -38 |
| Employee Cost | 0 | 0 | 1 |
| Other Costs ⓘ | 0 | 1 | 1 |
| Operating Profit ⓘ | 0 | -2 | 0 |
| Operating Profit Margin (%) | 99.9% | - | 2.2% |
| Other Income ⓘ | 0 | 2 | 2 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 3 |
| Tax ⓘ | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 3 |
| PAT Margin (%) | 73.9% | - | 12.3% |
| Adjusted EPS (₹) | 0.1 | 0.1 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 1,845% | 0% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 3 | 26 | 72 | |||||||
| Share Capital ⓘ | 3 | 17 | 19 | |||||||
| Reserves ⓘ | 0 | 9 | 53 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 1 | 4 | 5 | |||||||
| Long Term Debt | 1 | 4 | 5 | |||||||
| Short Term Debt | 0 | 0 | 0 | |||||||
| Trade Payables | 2 | 0 | 5 | |||||||
| Others Liabilities ⓘ | 1 | 2 | 13 | |||||||
| Total Liabilities ⓘ | 7 | 32 | 96 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0 | |||||||
| Accumulated Depreciation | 0 | 0 | 0 | |||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 11 | |||||||
| Inventories | 0 | 17 | 58 | |||||||
| Trade Receivables | 0 | 0 | 1 | |||||||
| Cash Equivalents | 0 | 2 | 6 | |||||||
| Others Assetsⓘ | 6 | 12 | 20 | |||||||
| Total Assets ⓘ | 7 | 32 | 96 | |||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | -10 | -33 |
| PBT ⓘ | 0 | 0 | 3 |
| Adjustment ⓘ | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | -4 | -10 | -36 |
| Tax Paid ⓘ | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -10 |
| Capex | 0 | 0 | 0 |
| Net Investments | 0 | 0 | -10 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 4 | 30 | 48 |
| Net Proceeds from Shares ⓘ | 3 | 26 | 46 |
| Net Proceeds from Borrowing ⓘ | 1 | 4 | 1 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | -2 |
| Others ⓘ | 0 | 0 | 3 |
| Net Cash Flow ⓘ | 0 | 19 | 4 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.23 | 0.63 | 5.24 | |||||||
| ROCE (%) | 3.32 | 0.52 | 5.34 | |||||||
| Asset Turnover Ratio | 0.02 | 0 | 0.33 | |||||||
| PAT to CFO Conversion(x) | N/A | N/A | -11 | Working Capital Days | ||||||
| Receivable Days | 829 | 0 | 9 | |||||||
| Inventory Days | 0 | 0 | 662 | |||||||
| Payable Days | 0 | -17 | -22 | |||||||
Modi’s Navnirman was originally incorporated as a Limited Liability Partnership in the name and style of Modi’s Navnirman LLP on December 31,2015 and was subsequently converted into a Public Limited on March 04, 2022 with a view to corporatize the group’s activities in the real estate sector. Since inception, it has been focused on the mid-market and affordable housing categories as its target segment within the residential housing market. Historically, it has sought to develop its projects either through development agreements (DA) with Co-operative Housing Society (Society) / landowners of the proposed projects. It is transitioning to a real estate development model with a shift towards an asset light business strategy by doing Development Agreements.
Business area of the company
The company is engaged in the real estate sector. The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points. It has capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. It streamline its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner. It partner with top architects and design team which uses customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. Its in-house sales team is supported by a well skilled execution team which delivers precisely designed products and amenities to its customers.
Major Events, Milestone and Achievements:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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