Modis Nirman

Mumbai, India Founded: 2010 • Age: 16 yrs Listed
Residential real estate development services are provided in India.
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About Modis Nirman

Modis Nirman is a publicly listed company based in Mumbai (India) founded in 2010. Residential real estate development services are provided in India. Its Indian entity Modi's Navnirman Limited reported revenue of ₹193 Cr. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Residential. Similar companies include Shriram Properties, Puravankara and VBHC; 2 of its 3 listed similar companies have raised funding.

Company details

Modis Nirman was established in 2010 and is headquartered in Mumbai, India. Residential real estate development services are offered by the company within the property sector. Operations focus on constructing and managing housing projects in the Mumbai region. Leadership is provided by Managing Director Dinesh Modi, with activities centered on local market needs and regulatory compliance in Indian real estate.

  • Headquarters Mumbai, India
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website modisnirman.com
  • Social Facebook Instagram
  • Legal Name Modi's Navnirman Ltd.
Operational Areas
Real Estate & Construction → Real Estate Developers & Builders
Key Metrics
  • Market Cap
    ₹844 Cr

    MODIS · NSE

  • Share Price
    ₹428.65

    -0.55% today

  • Revenue
    ₹189 Cr

    FY 2025-26 · +84.0% YoY

  • EBITDA
    ₹35.09 Cr

    Margin 18.5%

  • Net Profit
    ₹29.13 Cr

    FY 2025-26 · +26.1% YoY

  • P/E (TTM)
    21.1x

    P/B 4.4x

  • ROE
    20.5%

    ROCE 25.3%

  • Debt / Equity
    0.04

    Interest cover 4.8x

Board of directors of Modi's Navnirman Limited (Modis Nirman)

Modi's Navnirman Limited is the primary company behind Modis Nirman. The board of Modi's Navnirman Limited currently have 8 directors; the longest-serving is Dinesh Chunilal Modi, appointed in 2022. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dinesh Chunilal Modi
DIN 02793201
Managing Director04 Mar 20224 yrs 8 moModi's Navnirman Limited
Rashmi Dineshkumar Modi
DIN 02808164
Whole-time director04 Mar 20224 yrs 8 moModi's Navnirman Limited
Mahek Dinesh Modi
DIN 06705998
Whole-time director04 Mar 20224 yrs 8 moModi's Navnirman Limited
Payal Samir Sheth
DIN 09520424
Director14 Mar 20224 yrs 7 moModi's Navnirman Limited
Hiren Ramniklal Rupani
DIN 09531398
Director04 Apr 20224 yrs 7 moModi's Navnirman Limited
Vinit Laxmikant Mehta
DIN 09579523
Director20 Apr 20224 yrs 6 moModi's Navnirman Limited
Chintan Suresh Shah
DIN 05288038
Director10 Jul 20251 yr 3 moModi's Navnirman Limited
Anil Suresh Kapasi
DIN 03524165
Director10 Jul 20251 yr 3 moModi's Navnirman Limited

People of Modis Nirman

1 people are tracked at Modis Nirman (1 in leadership).

NameRoleGroup
Dinesh Modi
Managing DirectorLeadership
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IPO & Listings of Modis Nirman

Modis Nirman is a publicly listed company on the BSE with ticker symbol MODIS in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date06 Jul 2022
  • Listed onBSE: 543539
  • Listed entityModi's Navnirman Ltd.
  • Exchange sectorFinance
  • ISININE0L0L01012
  • Share price₹367.15 (+1.14% on the day) · 2026-05-11
  • Market capitalisation₹717 Cr
  • Price to earnings36.1
  • EPS (diluted, trailing year)₹10.18
  • Volume (last session)1,741
  • Analyst consensusNo rating

Financials of Modis Nirman

Exchange-reported figures of Modi's Navnirman Limited, the listed company behind Modis Nirman (NSE: MODIS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹189 Cr
+84.0% YoY
EBITDA
₹35.09 Cr
+30.8% YoY
Profit After Tax
₹29.13 Cr
+26.0% YoY
Net Worth
₹157 Cr
+22.9% YoY
Total Assets
₹167 Cr
+25.2% YoY
Total Debt
₹6.31 Cr
+42.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue18910320.8943.078.9913.22
Revenue growth+84.0%+392.6%-51.5%+379.1%-32.0%-
EBITDA35.0926.830.478.531.120.57
EBITDA margin+18.5%+26.1%+2.3%+19.8%+12.5%+4.3%
Profit before tax36.4027.352.917.701.130.52
Net profit29.1323.112.585.770.850.39
Net profit margin+15.4%+22.5%+12.4%+13.4%+9.5%+3.0%
EPS (₹)14.8911.801.353.412.831.27
Balance sheet
Total assets16713480.2839.7323.353.50
Net worth15712874.9532.263.812.96
Total debt6.314.445.347.4719.540.54
Cash & bank4.913.316.202.511.290.54
Net working capital16312850.7238.5217.63(1.73)
Cash flow
Cash from operations(2.33)(20.50)(33.20)(7.26)(16.07)(0.18)
Cash from investing2.25(2.65)(10.46)(0.41)(0.09)0.00
Cash from financing1.704.4847.828.8916.910.56
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue69.3858.2651.4954.4337.8545.5419.9429.98
Revenue growth (YoY)+83.3%+27.9%+158.2%+81.6%----
Other income0.160.492.790.160.290.130.780.38
EBITDA14.3811.164.7714.695.6810.063.136.36
EBITDA margin+20.7%+19.2%+9.3%+27.0%+15.0%+22.1%+15.7%+21.2%
Depreciation0.120.110.090.300.100.001.48(1.47)
Interest1.160.021.570.080.020.010.46(0.23)
Profit before tax13.2611.525.9014.475.8510.181.978.44
Tax2.812.941.491.700.643.400.472.23
Net profit10.458.584.4112.775.216.781.506.21
EPS (₹)5.344.362.256.522.663.470.770.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2019-20FY 2018-19
Income statement
Revenue18910320.890.000.1321.942.59
Revenue growth+84.0%+392.6%--100.0%-+747.1%-
EBITDA35.1326.830.47(1.62)0.132.190.47
EBITDA margin+18.6%+26.1%+2.3%-+100.0%+10.0%+18.2%
Profit before tax36.4427.352.910.090.131.940.30
Net profit29.1723.112.580.100.091.400.22
Net profit margin+15.4%+22.5%+12.4%-+69.2%+6.4%+8.5%
EPS (₹)14.9111.801.350.050.332,795.60450.40
Balance sheet
Total assets16713480.2829.854.042.519.34
Net worth15712874.9525.843.070.010.01
Total debt6.314.445.344.010.972.509.34
Cash & bank4.853.316.202.050.020.160.36
Net working capital16312850.7218.14(1.57)1.299.34
Cash flow
Cash from operations(2.30)(20.50)(33.20)(10.24)(3.91)8.29(3.20)
Cash from investing2.15(2.65)(10.46)(0.14)(0.01)0.000.01
Cash from financing1.704.4847.8229.663.94(8.49)3.53
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue69.3858.2651.4954.4337.8545.5419.9432.02
Revenue growth (YoY)+83.3%+27.9%+158.2%+70.0%----
Other income0.060.492.790.160.290.130.780.27
Total expenses54.9147.0746.6839.7432.1735.4816.8124.25
EBITDA14.4711.194.8114.695.6810.063.137.77
EBITDA margin+20.9%+19.2%+9.3%+27.0%+15.0%+22.1%+15.7%+24.3%
Depreciation0.120.110.090.300.100.001.480.10
Interest1.160.021.570.080.020.010.460.05
Profit before tax13.2511.555.9414.475.8510.181.977.89
Tax2.812.941.491.700.643.400.470.87

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue69.3858.2651.4954.4337.8545.5419.9429.98
Revenue growth (YoY)+83.3%+27.9%+158.2%+81.6%----
Other income0.160.492.790.160.290.130.780.38
EBITDA14.3811.164.7714.695.6810.063.136.36
EBITDA margin+20.7%+19.2%+9.3%+27.0%+15.0%+22.1%+15.7%+21.2%
Depreciation0.120.110.090.300.100.001.48(1.47)
Interest1.160.021.570.080.020.010.46(0.23)
Profit before tax13.2611.525.9014.475.8510.181.978.44
Tax2.812.941.491.700.643.400.472.23
Net profit10.458.584.4112.775.216.781.506.21
EPS (₹)5.344.362.256.522.663.470.770.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue18910320.8943.078.9913.22
Revenue growth+84.0%+392.6%-51.5%+379.1%-32.0%-
Other income3.371.662.480.890.020.01
Total expenses15476.0820.4234.547.8712.65
Employee cost1.721.410.500.660.240.10
EBITDA35.0926.830.478.531.120.57
EBITDA margin+18.5%+26.1%+2.3%+19.8%+12.5%+4.3%
Depreciation0.400.400.010.000.000.00
Interest1.660.740.031.720.010.06
Profit before tax36.4027.352.917.701.130.52
Tax7.224.240.331.930.280.13
Net profit29.1323.112.585.770.850.39
Net profit margin+15.4%+22.5%+12.4%+13.4%+9.5%+3.0%
EPS (₹)14.8911.801.353.412.831.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital19.5919.5919.0916.922.972.97
Reserves & surplus13710853.2315.340.84(0.01)
Shareholders' funds (net worth)15712874.9532.263.812.96
Minority interest0.000.000.000.000.000.00
Secured loans0.000.000.000.0019.540.00
Unsecured loans6.314.445.347.470.000.54
Total debt6.314.445.347.4719.540.54
Total liabilities16713480.2839.7323.353.50
Assets
Gross block2.001.980.020.010.010.00
Net block0.570.960.010.010.010.00
Capital work in progress0.000.000.000.000.000.00
Investments1.173.1610.620.650.110.00
Inventories14610458.3752.4821.410.81
Sundry debtors8.801.310.741.000.330.32
Cash & bank balances4.913.316.202.511.290.54
Loans & advances1411680.642.222.380.46
Total current assets30127665.9558.2125.412.13
Total current liabilities13814815.2319.697.783.86
Net working capital16312850.7238.5217.63(1.73)
Total assets16713480.2839.7323.353.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash3.3121.972.051.290.540.16
Net cash from operating activities(2.33)(20.50)(33.20)(7.26)(16.07)(0.18)
Net cash from investing activities2.25(2.65)(10.46)(0.41)(0.09)0.00
Net cash from financing activities1.704.4847.828.8916.910.56
Net change in cash1.61(18.66)4.161.220.750.38
Closing cash4.913.316.202.511.290.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+84.0%+392.6%-51.5%+379.1%-32.0%-
EBITDA growth+30.8%+5608.5%-94.5%+661.6%+96.5%-
PBT growth+33.1%+839.9%-62.2%+581.4%+117.3%+9997.0%
Net income growth+26.1%+795.7%-55.3%+578.8%+118.0%-
Revenue CAGR (3Y)+63.8%+125.4%+16.5%---
EBITDA CAGR (3Y)+60.2%+188.3%-6.2%---
Profitability & leverage
Net income margin+15.4%+22.5%+12.4%+13.4%+9.5%+3.0%
Return on capital employed+25.3%+26.3%+4.9%+29.8%+8.4%+16.3%
Return on net worth+20.5%+22.8%+4.8%+31.9%+24.8%+12.8%
Debt / equity0.040.050.120.752.970.18
Long-term debt / equity0.000.030.120.752.970.18
Interest cover4.792.806.5220.160.8910.53
Efficiency & per share
Fixed asset turnover95.13102.911,392.674,307.001,798.000.00
Inventory turnover1.511.270.381.170.8116.32
Debtors turnover37.45100.4024.0164.7727.6641.31
EPS (₹)14.8911.801.353.412.831.27
Dividend per share (₹)0.000.000.001.000.000.00
Book value per share (₹)79.9665.0937.8819.0612.839.97
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue69.3858.2651.4954.4337.8545.5419.9432.02
Revenue growth (YoY)+83.3%+27.9%+158.2%+70.0%----
Other income0.060.492.790.160.290.130.780.27
Total expenses54.9147.0746.6839.7432.1735.4816.8124.25
EBITDA14.4711.194.8114.695.6810.063.137.77
EBITDA margin+20.9%+19.2%+9.3%+27.0%+15.0%+22.1%+15.7%+24.3%
Depreciation0.120.110.090.300.100.001.480.10
Interest1.160.021.570.080.020.010.460.05
Profit before tax13.2511.555.9414.475.8510.181.977.89
Tax2.812.941.491.700.643.400.470.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2019-20FY 2018-19
Revenue18910320.890.000.1321.942.59
Revenue growth+84.0%+392.6%--100.0%-+747.1%-
Other income3.371.662.481.710.000.010.01
Total expenses15476.0820.421.620.0019.752.12
Employee cost1.721.410.500.290.000.000.00
EBITDA35.1326.830.47(1.62)0.132.190.47
EBITDA margin+18.6%+26.1%+2.3%-+100.0%+10.0%+18.2%
Depreciation0.400.400.010.000.000.000.00
Interest1.660.740.030.000.000.260.18
Profit before tax36.4427.352.910.090.131.940.30
Tax7.224.240.33(0.01)0.040.540.08
Net profit29.1723.112.580.100.091.400.22
Net profit margin+15.4%+22.5%+12.4%-+69.2%+6.4%+8.5%
EPS (₹)14.9111.801.350.050.332,795.60450.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2019-20FY 2018-19
Equity & liabilities
Share capital19.5919.5919.0916.922.970.010.01
Reserves & surplus13710853.238.920.100.000.00
Shareholders' funds (net worth)15712874.9525.843.070.010.01
Secured loans0.000.000.000.000.970.000.00
Unsecured loans6.314.445.344.010.002.509.34
Total debt6.314.445.344.010.972.509.34
Total liabilities16713480.2829.854.042.519.34
Assets
Gross block2.001.980.020.000.000.000.00
Net block0.570.960.010.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments1.273.1610.620.140.010.000.00
Inventories14610458.3717.360.007.6812.73
Sundry debtors8.801.310.740.310.300.380.04
Cash & bank balances4.853.316.202.050.020.160.36
Loans & advances1411680.640.350.670.550.35
Total current assets30127665.9520.070.998.7713.48
Total current liabilities13814815.231.932.567.484.14
Net working capital16312850.7218.14(1.57)1.299.34
Total assets16713480.2829.854.042.519.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2019-20FY 2018-19
Opening cash3.3121.972.050.000.000.360.01
Net cash from operating activities(2.30)(20.50)(33.20)(10.24)(3.91)8.29(3.20)
Net cash from investing activities2.15(2.65)(10.46)(0.14)(0.01)0.000.01
Net cash from financing activities1.704.4847.8229.663.94(8.49)3.53
Net change in cash1.55(18.66)4.1619.280.02(0.20)0.35
Closing cash4.853.316.202.050.020.160.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2019-20FY 2018-19
Growth
Sales growth+84.0%+392.6%--100.0%-+747.1%-
EBITDA growth+30.9%+5608.5%+129.0%-1346.2%-+366.0%-
PBT growth+33.2%+839.9%+3133.3%-30.8%-93.3%+546.7%+9997.0%
Net income growth+26.2%+795.7%+2480.0%+11.1%-+536.4%-
Revenue CAGR (3Y)-+825.1%-1.6%-100.0%---
EBITDA CAGR (3Y)-+491.0%-40.1%----
Profitability & leverage
Net income margin+15.4%+22.5%+12.4%-+69.2%+6.4%+8.5%
Return on capital employed+25.3%+26.3%+5.3%+0.5%+3.5%+37.1%+5.2%
Return on net worth+20.6%+22.8%+5.1%+0.6%+3.3%-+2300.0%
Debt / equity0.040.050.090.170.32592.00934.00
Long-term debt / equity0.000.030.090.170.32592.00934.00
Interest cover4.782.806.520.000.0011.8738.30
Efficiency & per share
Fixed asset turnover95.13102.912,089.000.000.000.000.00
Inventory turnover1.511.270.550.000.002.150.20
Debtors turnover37.45100.4039.790.000.43104.4864.75
EPS (₹)14.9111.801.350.050.332,795.60450.40
Dividend per share (₹)0.000.000.001.000.000.000.00
Book value per share (₹)79.9965.0937.8815.2710.3310.0010.00

Similar companies to Modis Nirman

Modis Nirman has 3 listed similar companies in our database, 2 of them funded. They include Shriram Properties, Puravankara and VBHC.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Shriram Properties
shriramproperties.com1995Bengaluru, India$641.31M1,620
Residential properties are developed in mid-market and affordable segments.
Puravankara
puravankara.com1975Bengaluru, India940
Residential and commercial properties are developed across various segments.
VBHC
vbhc.com2009Bengaluru, India$135.12M88
Developer of residential real estate projects
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Web traffic of Modis Nirman

The website of Modis Nirman (modisnirman.com) receives about 2.5K visits a month.

  • Monthly visits
    2.5K

    ▼ 26.6% vs previous month

Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Modis Nirman (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Isprava
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Godrej Properties
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Oberoi Realty
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,322
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Related news about Modis Nirman

Modi's Navnirman Acquires 5 New Redevelopment Projects In Suburban Mumbai
Reuters • 3 years ago
Indian shares seen opening higher as global stocks attempt come back
Reuters • 4 years ago
Modi's Navnirman Says Approved Issue Of Bonus Shares
Reuters • 4 years ago
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Frequently Asked Questions about Modis Nirman

Modis Nirman was founded in 2010.

Modis Nirman is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

The primary company behind Modis Nirman, Modi's Navnirman Limited, reported revenue of ₹193 Cr for FY 2026, up 84% year on year.

Modis Nirman was established in 2010 and is headquartered in Mumbai, India. Residential real estate development services are offered by the company within the property sector. Operations focus on constructing and managing housing projects in the Mumbai region. Leadership is provided by Managing Director Dinesh Modi, with activities centered on local market needs and regulatory compliance in Indian real estate.

Modis Nirman's top competitors include Puravankara, Shriram Properties and VBHC.

Yes, Modis Nirman is publicly traded on BSE under the ticker symbol MODIS.

Modis Nirman operates through Modi's Navnirman Limited.

The legal entities of Modis Nirman currently have 9 directors, including Dinesh Chunilal Modi, Rashmi Dineshkumar Modi, Mahek Dinesh Modi and others.

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