Modi's Navnirman (MODIS)

FairStock Score: 49/100 — MIXED

Score breakdown: P/E: 1/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Looking at Modi's Navnirman, I see a small real estate developer with an exciting growth story but a price that makes me pause. Sales grew 70% and profit grew 82% — numbers that turn heads. A PEG of 0.33 suggests the market is not fully paying for that growth. Return on equity of 15.16% and ROCE of 12.88% are acceptable, though not spectacular. The Piotroski score of 7/9 tells me recent financial health is decent, and promoter holding of 63.79% ensures skin in the game. But Graham taught me to weigh price against intrinsic value, and here the balance is uncomfortable. Book value is only ₹42.74 while the share price is ₹371.55 — a price-to-book of 8.69. That leaves almost no margin of safety. The P/E of 24.93 is not outrageous for a fast grower, but real estate is cyclical and project-driven; profits can disappear when demand cools. There is no dividend, so shareholder return depends entirely on price appreciation. More importantly, debt/equity is not disclosed. For a developer, leverage can separate survival from bankruptcy in a downturn. I cannot judge that risk, so I must treat it as a red flag. FairStock's mixed 53/100 reinforces my caution. This is a fast grower, but fast growers deserve scrutiny, not blind enthusiasm. If the company can keep executing and prove its balance sheet is sound, it could become interesting. At today's price, I would wait for a better entry point rather than chase momentum.

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Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer