Income Statement Modi's Navnirman Limited

Equities

MODIS

INE0L0L01012

Homebuilding

Market Closed - Bombay S.E. Other stock markets 03:30:45 06/02/2026 pm IST			5-day change	1st Jan Change
396.70 ^INR	+19.99%		+20.21%	+16.49%

01/01	Modi's Navnirman wins 2.50 billion rupees redevelopment mandate in Mumbai	RE
01/01	Modis Navnirman Limited Wins INR 2500 Million Housing Society Redevelopment Mandate in Mumbai	CI

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Published financial data: MODI'S NAVNIRMAN LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	13Cr	11Cr	43Cr	58Cr	87Cr
Other Revenues, Total	1T	-	60.76L	5L	53.71L
Total Revenues	13Cr	11Cr	44Cr	58Cr	87Cr
Cost of Goods Sold, Total	11Cr	6.96Cr	12Cr	39Cr	66Cr
Gross Profit	2.65Cr	4.29Cr	32Cr	18Cr	21Cr
Selling General & Admin Expenses, Total	95.83L	1.29Cr	1.81Cr	1.01Cr	3.42Cr
Depreciation & Amortization - (IS)	3T	28T	13T	80T	1L
Other Operating Expenses	1.13Cr	1.14Cr	20Cr	8.37Cr	1.23Cr
Other Operating Expenses, Total	2.09Cr	2.43Cr	22Cr	9.39Cr	4.67Cr
Operating Income	56.83L	1.86Cr	9.3Cr	9.03Cr	16Cr
Interest Expense, Total	-6L	-2L	-1.7Cr	-84T	-22.13L
Interest And Investment Income	58T	2L	11.98L	7L	65.25L
Net Interest Expenses	-6L	73T	-1.58Cr	6L	43.12L
Other Non Operating Income (Expenses)	1T	-	-3L	-3L	-2L
EBT, Excl. Unusual Items	51.14L	1.87Cr	7.69Cr	9.06Cr	16Cr
EBT, Incl. Unusual Items	51.14L	1.87Cr	7.69Cr	9.06Cr	16Cr
Income Tax Expense	13.31L	54.23L	1.93Cr	2.37Cr	4.24Cr
Earnings From Continuing Operations	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Net Income to Company	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Net Income - (IS)	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Net Income to Common Incl Extra Items	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Net Income to Common Excl. Extra Items	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Per Share Items
Net EPS - Basic	0.32	1.12	3.41	3.48	6.25
Basic EPS - Continuing Operations	0.32	1.12	3.41	3.48	6.25
Basic Weighted Average Shares Outstanding	1.19Cr	1.19Cr	1.69Cr	1.92Cr	1.96Cr
Net EPS - Diluted	0.32	1.12	3.41	3.48	6.25
Diluted EPS - Continuing Operations	0.32	1.12	3.41	3.48	6.25
Diluted Weighted Average Shares Outstanding	1.19Cr	1.19Cr	1.69Cr	1.92Cr	1.96Cr
Normalized Basic EPS	0.27	0.98	2.84	2.95	5.26
Normalized Diluted EPS	0.27	0.98	2.84	2.95	5.26
Dividend Per Share	-	-	1	-	-
Payout Ratio	-	-	-	25.29	-
Supplemental Items
EBITDA	56.86L	1.86Cr	9.3Cr	9.04Cr	16Cr
EBITA	56.83L	1.86Cr	9.3Cr	9.03Cr	16Cr
EBIT	56.83L	1.86Cr	9.3Cr	9.03Cr	16Cr
EBITDAR	-	-	9.55Cr	9.48Cr	17Cr
Total Revenues (As Reported)	13Cr	12Cr	44Cr	58Cr	89Cr
Effective Tax Rate - (Ratio)	26.03	29.01	25.06	26.17	25.72
Total Current Taxes	13.3L	54.26L	1.94Cr	2.33Cr	4.28Cr
Total Deferred Taxes	1T	-3T	-1T	-8T	-7L
Normalized Net Income	31.96L	1.17Cr	4.81Cr	5.66Cr	10Cr
Supplemental Operating Expense Items
Advertising Expense	41T	4L	59T	76T	20T
Selling and Marketing Expenses	41T	4L	59T	76T	20T
Net Rental Expense, Total	-	-	25.2L	44.46L	51L
Imputed Operating Lease Interest Expense	-	-	25.33L	45.06T	19.79L
Imputed Operating Lease Depreciation	-	-	-13.39T	44.01L	31.21L

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	54.48L	27.91L	1.85Cr	7.55Cr	1.78Cr
Short Term Investments	-	1.01Cr	77.16L	11.36L	11.36L
Total Cash And Short Term Investments	54.48L	1.29Cr	2.62Cr	7.67Cr	1.89Cr
Accounts Receivable, Total	31.5L	27.76L	1Cr	2.8Cr	1.17Cr
Other Receivables	13.17L	37.91L	3L	1L	1L
Notes Receivable	32.79L	34L	33.5L	-	-
Total Receivables	77.46L	99.67L	1.36Cr	2.82Cr	1.18Cr
Inventory	80.71L	21Cr	52Cr	84Cr	146.7Cr
Deferred Tax Assets Current	-	3T	-	-	-
Other Current Assets, Total	-	1.19Cr	1.86Cr	1.99Cr	2.86Cr
Total Current Assets	2.13Cr	25Cr	58Cr	96Cr	152.63Cr
Gross Property Plant And Equipment	34T	65T	65T	-	4L
Accumulated Depreciation	-3T	-31T	-44T	-	-2L
Net Property Plant And Equipment	31T	34T	21T	1L	2L
Long-term Investments	-	11.36L	53.48L	15Cr	4.69Cr
Deferred Tax Assets Long-Term	-	-	3T	12T	7L
Other Long-Term Assets, Total	5.22Cr	5.97Cr	55L	1.71Cr	1.74Cr
Total Assets	7.35Cr	31Cr	59Cr	112.69Cr	159.14Cr
Liabilities
Accounts Payable, Total	2.01Cr	2.66Cr	4.37Cr	7.13Cr	12Cr
Accrued Expenses, Total	82.26L	1.98Cr	1.14Cr	1.1Cr	3.22Cr
Current Income Taxes Payable	-	54.2L	1.94Cr	2.33Cr	4.28Cr
Unearned Revenue Current, Total	68.11L	2.84Cr	11Cr	11Cr	30Cr
Other Current Liabilities	33.93L	26.55L	98.53L	28.12L	25.93L
Total Current Liabilities	3.85Cr	8.3Cr	20Cr	21Cr	50Cr
Long-Term Debt	53.5L	19Cr	7.47Cr	5.79Cr	3.34Cr
Other Non Current Liabilities	-1T	-	-	-	3T
Total Liabilities	4.39Cr	27Cr	27Cr	27Cr	54Cr
Preferred Stock Non Redeemable	-	-	-	2.17Cr	-
Total Preferred Equity	-	-	-	2.17Cr	-
Common Stock, Total	2.97Cr	2.97Cr	17Cr	17Cr	20Cr
Additional Paid In Capital	-	-	8.73Cr	55Cr	62Cr
Retained Earnings	-77T	84.25L	6.61Cr	-	-
Comprehensive Income and Other	-	-	-	12Cr	24Cr
Total Common Equity	2.96Cr	3.81Cr	32Cr	83Cr	105.6Cr
Total Equity	2.96Cr	3.81Cr	32Cr	85Cr	105.6Cr
Total Liabilities And Equity	7.35Cr	31Cr	59Cr	112.69Cr	159.14Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.19Cr	1.19Cr	1.69Cr	1.96Cr	1.96Cr
ECS Total Common Shares Outstanding	1.19Cr	1.19Cr	1.69Cr	1.92Cr	1.96Cr
Book Value / Share	2.49	3.21	19.06	43.35	53.9
Tangible Book Value	2.96Cr	3.81Cr	32Cr	83Cr	105.6Cr
Tangible Book Value Per Share	2.49	3.21	19.06	43.35	53.9
Total Debt	53.5L	19Cr	7.47Cr	5.79Cr	3.34Cr
Net Debt	-98T	18Cr	4.85Cr	-1.88Cr	1.45Cr
Debt Equivalent Oper. Leases	-	-	2.02Cr	3.56Cr	4.08Cr
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Work In Process, Total	80.71L	21Cr	52Cr	84Cr	146.7Cr
Machinery, Total	34T	65T	65T	-	4L
Full Time Employees	-	11	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	37.83L	1.33Cr	5.76Cr	6.69Cr	12Cr
Depreciation & Amortization - CF	3T	28T	13T	80T	1L
Depreciation & Amortization, Total	3T	28T	13T	80T	1L
Other Operating Activities, Total	6L	-92T	1.6Cr	-3L	-31.03L
Change In Accounts Receivable	6L	4L	-67.36L	-1.37Cr	1.2Cr
Change In Inventories	6.87Cr	-21Cr	-31Cr	-31Cr	-63Cr
Change In Accounts Payable	1.1Cr	65.01L	1.71Cr	2.76Cr	4.85Cr
Change in Other Net Operating Assets	-8.65Cr	1.59Cr	15Cr	-2.39Cr	23Cr
Cash from Operations	-17.21L	-17Cr	-7.26Cr	-25Cr	-22Cr
Capital Expenditure	-34T	-31T	-	-2L	-2L
Investment in Marketable and Equity Securities, Total	-	-11.36L	-53.48L	-14Cr	10Cr
Other Investing Activities, Total	58T	2L	12.21L	6L	48.81L
Cash from Investing	24T	-9L	-41.27L	-14Cr	11Cr
Long-Term Debt Issued, Total	-	18Cr	-	-	-
Total Debt Issued	-	18Cr	-	-	-
Long-Term Debt Repaid, Total	-2.35Cr	-	-12Cr	-1.68Cr	-2.45Cr
Total Debt Repaid	-2.35Cr	-	-12Cr	-1.68Cr	-2.45Cr
Issuance of Common Stock	2.96Cr	-	23Cr	4.8Cr	10Cr
Issuance of Preferred Stock	-	-	-	43Cr	-
Common Dividends Paid	-	-	-	-1.69Cr	-
Common & Preferred Stock Dividends Paid	-	-	-	-1.69Cr	-
Other Financing Activities, Total	-6L	-1L	-1.72Cr	-4L	-2.37Cr
Cash from Financing	54.97L	18Cr	8.89Cr	45Cr	5.18Cr
Miscellaneous Cash Flow Adjustments	-1T	-	1T	-1T	-
Net Change in Cash	37.99L	74.63L	1.22Cr	5.04Cr	-5.77Cr
Supplemental Items
Cash Interest Paid	6L	1L	1.7Cr	84T	22.13L
Cash Income Tax Paid (Refund)	13.31L	54.23L	1.93Cr	2.37Cr	4.31Cr
Levered Free Cash Flow	3.72Cr	-16Cr	-15Cr	-25Cr	-24Cr
Unlevered Free Cash Flow	3.76Cr	-16Cr	-14Cr	-25Cr	-24Cr
Change In Net Working Capital	-3.4Cr	18Cr	20Cr	31Cr	34Cr
Net Debt Issued / Repaid	-2.35Cr	18Cr	-12Cr	-1.68Cr	-2.45Cr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.1	6.07	12.83	6.56	7.4
Return on Total Capital	11.83	8.89	18.42	8.62	10.04
Return On Equity %	25.5	39.17	31.96	11.37	12.82
Return on Common Equity	25.5	39.17	31.96	13.01	12.97
Margin Analysis
Gross Profit Margin %	20.08	38.14	72.33	31.85	23.83
SG&A Margin	7.25	11.46	4.15	1.75	3.93
EBITDA Margin %	4.3	16.58	21.29	15.63	18.49
EBITA Margin %	4.3	16.55	21.28	15.62	18.47
EBIT Margin %	4.3	16.55	21.28	15.62	18.47
Income From Continuing Operations Margin %	2.86	11.8	13.2	11.57	14.07
Net Income Margin %	2.86	11.8	13.2	11.57	14.07
Net Avail. For Common Margin %	2.86	11.8	13.2	11.57	14.07
Normalized Net Income Margin	2.42	10.39	11.01	9.8	11.84
Levered Free Cash Flow Margin	28.12	-146.01	-34.16	-43.81	-27.16
Unlevered Free Cash Flow Margin	28.42	-145.93	-31.73	-43.8	-27
Asset Turnover
Asset Turnover	1.52	0.59	0.96	0.67	0.64
Fixed Assets Turnover	-	3.46T	15.88T	8.9T	5.82T
Receivables Turnover (Average Receivables)	38.1	37.96	64.73	28.06	48.94
Inventory Turnover (Average Inventory)	2.49	0.63	0.33	0.58	0.58
Short Term Liquidity
Current Ratio	0.55	3	2.96	4.48	3.04
Quick Ratio	0.26	0.23	0.19	0.49	0.06
Operating Cash Flow to Current Liabilities	-0.04	-2.05	-0.37	-1.19	-0.43
Days Sales Outstanding (Average Receivables)	9.58	9.61	5.64	13.05	7.46
Days Outstanding Inventory (Average Inventory)	146.65	582.76	1.12T	631.85	633.7
Average Days Payable Outstanding	144.53	30.94	29.75	29.84	26.95
Cash Conversion Cycle (Average Days)	11.7	561.43	1.09T	615.06	614.21
Long Term Solvency
Total Debt/Equity	18.06	495.07	23.16	6.77	3.16
Total Debt / Total Capital	15.3	83.2	18.8	6.34	3.07
LT Debt/Equity	18.06	495.07	23.16	6.77	3.16
Long-Term Debt / Total Capital	15.3	83.2	18.8	6.34	3.07
Total Liabilities / Total Assets	59.71	87.69	45.71	24.15	33.64
EBIT / Interest Expense	9.05	116.38	5.48	1.08T	72.68
EBITDA / Interest Expense	9.05	116.55	5.48	1.08T	72.74
(EBITDA - Capex) / Interest Expense	9	116.36	5.48	1.07T	72.65
Total Debt / EBITDA	0.94	10.12	0.8	0.64	0.21
Net Debt / EBITDA	-0.02	9.43	0.52	-0.21	0.09
Total Debt / (EBITDA - Capex)	0.95	10.14	0.8	0.64	0.21
Net Debt / (EBITDA - Capex)	-0.02	9.44	0.52	-0.21	0.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-39.76	-14.89	386.04	31.93	50.69
Gross Profit, 1 Yr. Growth %	-11.9	61.63	221.71	-41.99	91.74
EBITDA, 1 Yr. Growth %	-	227.96	732.18	-2.73	78.19
EBITA, 1 Yr. Growth %	-73.94	227.64	734.16	-2.8	78.08
EBIT, 1 Yr. Growth %	-73.94	227.64	734.16	-2.8	78.08
Earnings From Cont. Operations, 1 Yr. Growth %	-72.94	250.78	586.73	16.1	83.08
Net Income, 1 Yr. Growth %	-72.94	250.78	586.73	16.1	83.08
Normalized Net Income, 1 Yr. Growth %	-73.59	265.53	584.78	17.85	81.97
Diluted EPS Before Extra, 1 Yr. Growth %	-73.02	251.81	382.17	2.23	78.41
Accounts Receivable, 1 Yr. Growth %	-16.86	-11.87	204.9	113.11	-50.7
Inventory, 1 Yr. Growth %	-89.49	2.55T	145.06	59.32	75.46
Net Property, Plant and Equip., 1 Yr. Growth %	-	9.68	-38.24	419.05	74.31
Total Assets, 1 Yr. Growth %	-26.37	321.42	90.87	89.67	41.22
Tangible Book Value, 1 Yr. Growth %	59.15T	28.7	746.24	325.77	26.76
Common Equity, 1 Yr. Growth %	59.15T	28.7	746.24	325.77	26.76
Cash From Operations, 1 Yr. Growth %	-102.08	9.78T	-54.83	250.76	267.57
Capital Expenditures, 1 Yr. Growth %	-	-8.82	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-	-541.9	-16.74	69.79	-6.62
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-537.01	-22.66	82.73	-7.15
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-28.4	81.79	153.68	40.94
Gross Profit, 2 Yr. CAGR %	-	19.33	245.01	36.96	-19.16
EBITDA, 2 Yr. CAGR %	-	-	304.38	184.45	31.6
EBITA, 2 Yr. CAGR %	-	-7.6	304.46	184.68	31.56
EBIT, 2 Yr. CAGR %	-	-7.6	304.46	184.68	31.56
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-2.57	290.33	182.36	45.8
Net Income, 2 Yr. CAGR %	-	-2.57	290.33	182.36	45.8
Normalized Net Income, 2 Yr. CAGR %	-	-1.75	287.81	184.07	46.44
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-2.57	227.55	122.02	35.49
Accounts Receivable, 2 Yr. CAGR %	-	-14.41	78.37	192.06	-5.79
Inventory, 2 Yr. CAGR %	-	66.97	706.35	97.59	67.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-17.69	79.05	200.79
Total Assets, 2 Yr. CAGR %	-	76.15	184.28	90.27	63.66
Tangible Book Value, 2 Yr. CAGR %	-	2.66T	229.98	367.5	132.32
Common Equity, 2 Yr. CAGR %	-	2.66T	229.98	367.5	132.32
Cash From Operations, 2 Yr. CAGR %	-	43.28	549.37	25.88	72.64
Capital Expenditures, 2 Yr. CAGR %	-	-	-	132.8	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	100.35	18.9	25.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	92.09	18.89	30.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	25.8	63.56	113.19
Gross Profit, 3 Yr. CAGR %	-	-	118.88	90.74	28.32
EBITDA, 3 Yr. CAGR %	-	-	-	151.45	143.32
EBITA, 3 Yr. CAGR %	-	-	62.14	151.42	143.47
EBIT, 3 Yr. CAGR %	-	-	62.14	151.42	143.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	60.36	160.56	144.39
Net Income, 3 Yr. CAGR %	-	-	60.36	160.56	144.39
Normalized Net Income, 3 Yr. CAGR %	-	-	58.37	160.73	144.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	42.52	122.18	106.86
Accounts Receivable, 3 Yr. CAGR %	-	-	38.3	107.24	52.58
Inventory, 3 Yr. CAGR %	-	-	89.75	369.65	89.92
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	52.06	77.46
Total Assets, 3 Yr. CAGR %	-	-	81.21	148.4	72.27
Tangible Book Value, 3 Yr. CAGR %	-	-	1.76T	204.1	202.59
Common Equity, 3 Yr. CAGR %	-	-	1.76T	204.1	202.59
Cash From Operations, 3 Yr. CAGR %	-	-	-4.32	428.85	10.42
Capital Expenditures, 3 Yr. CAGR %	-	-	-	70.32	86.16
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	89.6	9.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	88.93	9.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	31.74
Gross Profit, 5 Yr. CAGR %	-	-	-	-	47.1
EBITA, 5 Yr. CAGR %	-	-	-	-	49.13
EBIT, 5 Yr. CAGR %	-	-	-	-	49.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	54.37
Net Income, 5 Yr. CAGR %	-	-	-	-	54.37
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	53.48
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	39.67
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	25.25
Inventory, 5 Yr. CAGR %	-	-	-	-	80.38
Total Assets, 5 Yr. CAGR %	-	-	-	-	73.98
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	632.72
Common Equity, 5 Yr. CAGR %	-	-	-	-	632.72
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	21.16