Modis Navnirman Ltd
Modis Navnirman Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
The short version
Modis Navnirman expects continued demand growth in Mumbai's redevelopment market, especially in western suburbs like Kandivali, Borivali, Malad, Santacruz, Khar, Ghatkopar, and nearby regions. - The Gross Development Value (GDV) of upcoming projects is around INR 800 crores, with expected profit margins of 19%-20%. - The company plans to add 2-3 new redevelopment projects in FY27, with opportunities under tendering and pipeline stages. - Revenue growth drivers include launching new projects and completion of existing ones, such as Rashmi Celestia, Rashmi Square, and Rashmi Signature. - Despite cost pressures during wartime, margins are expected to normalize with stabilization in material and labor costs. - Management remains confident in a 20%-30% margin range for projects and anticipates scaling regionally while staying focused on affordability. - Sales area in Q1 FY27 was about 44,000 sq. Modis Navnirman Limited is confident about its growth roadmap for FY27 and beyond.
From Modis Navnirman Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Modis Navnirman expects continued demand growth in Mumbai's redevelopment market, especially in western suburbs like Kandivali, Borivali, Malad, Santacruz, Khar, Ghatkopar, and nearby regions.
- The Gross Development Value (GDV) of upcoming projects is around INR 800 crores, with expected profit margins of 19%-20%.
- The company plans to add 2-3 new redevelopment projects in FY27, with opportunities under tendering and pipeline stages.
- Revenue growth drivers include launching new projects and completion of existing ones, such as Rashmi Celestia, Rashmi Square, and Rashmi Signature.
- Despite cost pressures during wartime, margins are expected to normalize with stabilization in material and labor costs.
- Management remains confident in a 20%-30% margin range for projects and anticipates scaling regionally while staying focused on affordability.
- Sales area in Q1 FY27 was about 44,000 sq. ft., reflecting steady customer demand and project execution.
Profitability & Margins
See what Modis Navnirman Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has not detailed any specific current or future capital expenditure plans or strategic investments as of now.
- Capital employed per project varies due to differing project economics; no fixed capital planning has been finalized.
- Modis Navnirman follows an asset-light redevelopment model, partnering with societies rather than buying land, which keeps land costs low and emphasizes investment in construction rather than land.
- Expansion focus is on Mumbai and its suburbs, particularly the western suburbs and areas like Khar, Parle, and Ghatkopar; no major moves into other cities or parts of Maharashtra currently.
- The company plans to continue acquiring redevelopment projects through tenders, expecting to add 2-3 projects in FY27, but exact numbers depend on tender selections.
- Working capital needs and leverage ceilings are not pre-determined due to variable project economics and stages.
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Fundraising & Capital Structure
See what Modis Navnirman Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Modis Navnirman Limited has approximately 12.11 lakh square feet under construction and an additional 10.5 lakh square feet in the upcoming pipeline.
- The Gross Development Value (GDV) of the upcoming projects is around INR 800 crores.
- The company maintains project margins around 19%-20%, with expected profitability aligned accordingly.
- Four new projects are in the pipeline with a combined GDV upwards of INR 800 crores.
- Project timelines for these upcoming projects include: Rashmi Paradise starting this quarter, Rashmi Gold and Shectal expected in Q3, Khar project in Q4, while the Rashmi Govind Dalvi project faces government-related delays.
- The company is cautious in acquiring new projects, aiming to take on 2-3 redevelopment projects this year.
- Due to varying project economics, the management has not fixed specific capital employed or leverage ceilings per project.
Modis Navnirman Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹51 Cr, net profit ₹4 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Modis Navnirman Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Modis Navnirman Ltd Q1 FY27 results?
Modis Navnirman expects continued demand growth in Mumbai's redevelopment market, especially in western suburbs like Kandivali, Borivali, Malad, Santacruz, Khar, Ghatkopar, and nearby regions. - The Gross Development Value (GDV) of upcoming projects is around INR 800 crores, with expected profit margins of 19%-20%. - The company plans to add 2-3 new redevelopment projects in FY27, with opportunities under tendering and pipeline stages. - Revenue growth drivers include launching new projects and completion of existing ones, such as Rashmi Celestia, Rashmi Square, and Rashmi Signature. - Despite cost pressures during wartime, margins are expected to normalize with stabilization in material and labor costs. - Management remains confident in a 20%-30% margin range for projects and anticipates scaling regionally while staying focused on affordability. - Sales area in Q1 FY27 was about 44,000 sq. Modis Navnirman Limited is confident about its growth roadmap for FY27 and beyond.
What is Modis Navnirman Ltd share price analysis?
Modis Navnirman Ltd currently shows a neutral. The stock trades at a P/E of 27.7 with a market cap of ₹807 Cr. Investors should review the full earnings analysis for detailed insights.
Is Modis Navnirman Ltd planning capital expenditure?
The company has not detailed any specific current or future capital expenditure plans or strategic investments as of now.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.