Modi's Navnirman Ltd

Modi's Navnirman Ltd

₹ 273 2.91%
24 May - close price
About

Incorporated in 2010, Modi’s Nav Nirman Ltd is in the business of real estate development[1]

Key Points

Projects Undertaken:[1]
a) Rashmi Enclave
b) Rashmi Jewel
c) Rashmi Kavita
d) Rashmi Terrace

  • Market Cap 521 Cr.
  • Current Price 273
  • High / Low 298 / 158
  • Stock P/E 327
  • Book Value 15.2
  • Dividend Yield 0.37 %
  • ROCE 0.65 %
  • ROE 0.62 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 459 to 75.9 days.
  • Promoter holding has increased by 0.95% over last quarter.

Cons

  • Stock is trading at 18.0 times its book value
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.79 Cr.
  • Working capital days have increased from 1,104 days to 6,643 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Construction Industry: Construction

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
0.00 0.13 0.59 0.90 0.42
0.00 0.00 0.71 0.90 0.60
Operating Profit 0.00 0.13 -0.12 0.00 -0.18
OPM % 100.00% -20.34% 0.00% -42.86%
0.00 0.00 0.12 0.10 1.69
Interest 0.00 0.00 0.00 0.02 0.01
Depreciation 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.00 0.13 0.00 0.08 1.50
Tax % 30.77% -12.50% 0.00%
0.00 0.10 0.00 0.09 1.50
EPS in Rs 0.08 0.00 0.05 0.89
Raw PDF
Upcoming result date: 27 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2022 Mar 2023 TTM
2.59 21.94 0.13 1.49 1.32
2.12 19.75 0.00 1.60 1.50
Operating Profit 0.47 2.19 0.13 -0.11 -0.18
OPM % 18.15% 9.98% 100.00% -7.38% -13.64%
0.01 0.01 0.00 0.22 1.79
Interest 0.18 0.26 0.00 0.02 0.03
Depreciation 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.30 1.94 0.13 0.09 1.58
Tax % 26.67% 27.84% 30.77% -11.11%
0.23 1.40 0.10 0.09 1.59
EPS in Rs 0.08 0.05 0.94
Dividend Payout % 0.00% 0.00% 0.00% 1,880.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -59%
TTM: 83%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -60%
TTM: 1490%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 74%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.01 2.97 16.92 16.92
Reserves 0.00 0.00 0.10 8.92 8.73
9.34 2.50 0.97 4.01 5.94
4.13 7.48 2.56 1.93 7.90
Total Liabilities 13.48 9.99 6.60 31.78 39.49
0.00 0.00 0.00 0.00 0.01
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.01 0.14 0.26
13.48 9.99 6.59 31.64 39.22
Total Assets 13.48 9.99 6.60 31.78 39.49

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2022 Mar 2023
-3.20 8.29 -3.91 -23.48
0.01 0.00 -0.01 -0.19
3.53 -8.49 3.94 25.70
Net Cash Flow 0.35 -0.20 0.02 2.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2022 Mar 2023
Debtor Days 5.64 6.32 842.31 75.94
Inventory Days 555.09
Days Payable 65.77
Cash Conversion Cycle 5.64 495.64 842.31 75.94
Working Capital Days 1,265.52 18.80 -4,436.15 6,643.49
ROCE % 37.10% 0.65%

Shareholding Pattern

Numbers in percentages

Sep 2022Nov 2022Mar 2023Jun 2023Sep 2023Mar 2024Apr 2024
70.20% 70.20% 70.20% 70.20% 71.03% 71.03% 63.90%
29.81% 29.80% 29.79% 29.79% 28.96% 28.97% 36.11%
No. of Shareholders 337370395415602793851

Documents