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Modis Navnirman Receives OC for 1.3 Lakh Sq Ft 'Rashmi Celestia' Project in Borivali
Modis Navnirman has successfully received the Occupation Certificate (OC) for its premium mixed-use project, 'Rashmi Celestia', located in Borivali West, Mumbai. The project spans approximately 1,30,000 square feet of development and includes residential units along with ground-level commercial spaces. Receipt of the OC allows the company to immediately begin the possession handover process to homebuyers, which will likely trigger final payment collections and revenue recognition. This milestone reinforces the company's execution capabilities in the competitive Mumbai redevelopment market.
Key Highlights
Received Occupation Certificate (OC) for the 'Rashmi Celestia' project in Borivali West, Mumbai.
The project encompasses a total development area of approximately 1,30,000 square feet.
Features a mixed-use tower with ground-level commercial, semi-commercial, and residential floors.
Enables the company to commence unit handovers and finalize revenue realization for the project.
Strengthens the company's operational footprint in Mumbai's western suburban redevelopment sector.
💼 Action for Investors
The completion and OC receipt for a major project is a significant de-risking event that should improve the company's cash flow through final collections. Investors should monitor the company's ability to scale this redevelopment model across its other ongoing projects in Mumbai.
Modis Navnirman Secures ₹160 Crore Redevelopment Project in Kandivali, Mumbai
Modis Navnirman Limited has been appointed as the developer for the redevelopment of New Chitra Co-operative Housing Society in Kandivali West, Mumbai. The project is spread across a 2,300 sq. meter land parcel and is expected to generate an estimated Gross Development Value (GDV) of ₹160 crore. The company plans to replace the existing 14-storey landmark structure with a modern commercial-cum-residential tower. This mandate strengthens the company's specialized portfolio in the high-demand Mumbai redevelopment market.
Key Highlights
Estimated Gross Development Value (GDV) of approximately ₹160 crore for the project.
Redevelopment of a 2,300 sq. meter land parcel in the prime location of Kandivali West.
Transformation of an aging 14-storey landmark into a modern commercial-cum-residential tower.
Project to incorporate energy-efficient systems, rainwater harvesting, and smart building technologies.
Strengthens the company's position in Mumbai's competitive redevelopment-focused real estate sector.
💼 Action for Investors
Investors should track the project's approval milestones and construction progress as it provides significant revenue visibility for the coming years. The ₹160 crore GDV is a substantial addition to the company's order book relative to its typical project scale.
Modison Limited Restores Full Operations at Vapi Plant Following Fire Incident
Modison Limited has announced the full restoration of operations at its manufacturing facility in Vapi, Gujarat, following a fire incident reported on February 7, 2026. The company successfully completed all necessary repairs, restoration, and safety assessments within a 17-day period. Production activities have now resumed normally without any further disruption. Additionally, the company has implemented enhanced safety measures to strengthen systems and ensure uninterrupted operations in the future.
Key Highlights
Full restoration of operations at the Vapi plant as of February 24, 2026.
The restoration and safety assessment process was completed within 17 days of the fire incident.
Production activities have resumed normally with no further disruptions expected.
Implementation of strengthened safety systems to prevent future operational risks.
💼 Action for Investors
Investors should view this as a positive recovery from a short-term operational setback. While the 17-day disruption was brief, monitor the next quarterly results for any minor impact on production volumes or extraordinary repair costs.
Modis Navnirman 9M FY26 PAT Soars 105% YoY to ₹24.8 Cr; Revenue Up 103%
Modis Navnirman reported a stellar performance for 9M FY26, with revenue doubling to ₹137.82 crore and PAT increasing by 105% to ₹24.8 crore, already exceeding the full-year FY25 earnings. The company maintained its debt-free status while expanding its portfolio with a new ₹250 crore GDV redevelopment project in Borivali. Operational efficiency improved as EBITDA margins rose to 22.32%, supported by a 38.69% growth in area sold. The successful migration to the main boards of BSE and NSE further strengthens its corporate profile.
Key Highlights
9M FY26 Revenue grew 103.36% YoY to ₹137.82 Cr, while PAT surged 105.22% to ₹24.8 Cr.
Q3 FY26 EBITDA margins expanded by 231 bps YoY to 27.19% due to better cost control.
Secured a new redevelopment mandate in Borivali (West) with an estimated GDV of ₹250 Cr.
The company remains debt-free, providing significant financial flexibility for future expansion.
Area sold in 9M FY26 increased by 38.69% YoY to 36,080 sq. ft.
💼 Action for Investors
Investors should view the strong revenue growth and debt-free status as highly positive indicators of execution capability. Monitor the progress of the newly acquired ₹250 Cr Borivali project for future revenue visibility.
Modis Navnirman 9M FY26 Revenue Up 103% to ₹137.82 Cr; PAT Doubles to ₹24.77 Cr
Modis Navnirman reported a stellar performance for 9M FY26, with revenue doubling to ₹137.82 crore compared to the previous year. The company maintained its debt-free status while achieving a PAT of ₹24.77 crore, representing a 105% YoY growth. Operational efficiency improved slightly, with EBITDA margins rising to 22.32% and PAT margins reaching 17.90%. The company also secured a significant new redevelopment mandate in Borivali with an estimated Gross Development Value (GDV) of ₹250 crore.
Key Highlights
Revenue grew by 103.36% YoY to ₹137.82 Cr, while PAT increased by 105.22% to ₹24.77 Cr.
The company remains debt-free despite scaling operations and expanding its project pipeline.
Secured a new redevelopment mandate in Borivali (West) with an estimated GDV of ₹250 crore.
Ongoing projects cover 13.90+ lakh sq. ft. with an additional 8.65+ lakh sq. ft. in the upcoming pipeline.
EBITDA margins improved to 22.32%, driven by the execution of high-margin redevelopment projects.
💼 Action for Investors
Investors should note the company's strong execution in the Mumbai redevelopment market and its debt-free balance sheet. The significant jump in revenue and profit suggests strong momentum, but monitoring the timely delivery of the 13.90 lakh sq. ft. ongoing pipeline is key.
Modis Navnirman Q3 Net Profit Surges 82% YoY to ₹12.77 Cr; Revenue Up 70%
Modis Navnirman reported a strong performance for Q3 FY26, with revenue from operations growing 70% YoY to ₹54.43 crore. Net profit for the quarter jumped 82% YoY to ₹12.77 crore, driven by increased construction activity and the impact of its recent merger. The company successfully migrated from the SME platform to the Main Board in November 2025. Earnings per share (EPS) improved significantly to ₹6.47 from ₹3.58 in the same quarter last year.
Key Highlights
Revenue from operations increased to ₹54.43 crore in Q3 FY26, compared to ₹32.02 crore in Q3 FY25.
Net profit rose substantially to ₹12.77 crore, up from ₹7.01 crore in the corresponding previous year quarter.
EBITDA for the quarter stood at ₹14.85 crore, reflecting strong operational margins.
9M FY26 total comprehensive income reached ₹24.69 crore following the merger with its subsidiary.
The company completed its migration to the Main Board of NSE and BSE on November 14, 2025.
💼 Action for Investors
The stock shows strong growth momentum following its migration to the Main Board and successful merger integration. Investors should monitor the execution of upcoming redevelopment projects in Mumbai to sustain this growth trajectory.
Modis Navnirman Starts Construction of 200+ Unit 'Rashmi Icon' Project in Malad, Mumbai
Modis Navnirman Limited has officially commenced construction on its new mixed-use project, 'Rashmi Icon', located in Malad (West), Mumbai. The project is situated on a 4,744.40 sq. mtrs. plot and will feature three residential wings comprising 201 contemporary homes. In addition to residential units, the development includes 17 commercial shops and a dedicated amenities floor. This move strengthens the company's project pipeline and presence in the high-demand Mumbai real estate market.
Key Highlights
Commencement of construction for 'Rashmi Icon' project in Malad (West), Mumbai
Project includes 201 residential units and 17 commercial shops
Total development plot area spans 4,744.40 sq. mtrs.
Features three residential wings with podium parking and modern lifestyle amenities
Strengthens the company's portfolio in the Mumbai redevelopment and residential sector
💼 Action for Investors
Investors should track the project's sales velocity and construction milestones as they will significantly impact future revenue recognition. The company's ability to execute this 200+ unit project efficiently is a key indicator of its growth trajectory in the Mumbai market.
Modison Limited Reports Fire Incident at Vapi Plant; Operations Temporarily Disrupted
Modison Limited reported a fire incident at its manufacturing facility in Vapi, Gujarat, on February 7, 2026. While the company confirmed there were no casualties or injuries, the fire has caused a temporary disruption in operations at the affected plant. Management is currently assessing the total quantum of damage and the potential impact on production schedules. The company stated that the assets are adequately insured and the process for filing insurance claims has commenced.
Key Highlights
Fire incident occurred in the early hours of February 7, 2026, at the Vapi, Gujarat facility.
No loss of life or injuries reported from the site of the incident.
Temporary disruption of manufacturing operations confirmed for the affected plant area.
Assets are adequately insured, with insurance claims currently being processed.
Full assessment of financial loss and production impact is currently underway.
💼 Action for Investors
Investors should watch for follow-up disclosures regarding the duration of the operational shutdown and the estimated impact on quarterly revenue. While insurance provides a safety net for asset loss, the immediate concern is the potential delay in order fulfillment.
Modison Ltd Q3 Net Profit Jumps 245% YoY to ₹20.06 Cr; Revenue Up 18.5%
Modison Limited reported a robust Q3 FY26 with consolidated revenue rising 18.5% YoY to ₹143.71 crore. Net profit witnessed a stellar 245% YoY growth, reaching ₹20.06 crore, primarily driven by an exceptional gain of ₹11.70 crore from silver hedging. For the nine-month period, net profit more than doubled to ₹36.53 crore compared to ₹15.15 crore in the previous year. The company also successfully managed a one-time impact of ₹94.51 lakhs related to new labour code compliance.
Key Highlights
Consolidated Revenue grew 18.5% YoY to ₹14,371.22 Lakhs in Q3 FY26.
Net Profit surged 245% YoY to ₹2,006.33 Lakhs, supported by ₹1,170.39 Lakhs in hedging gains.
EPS for the quarter improved significantly to ₹6.18 from ₹1.79 in the year-ago period.
9M FY26 Net Profit stands at ₹3,653.28 Lakhs, up from ₹1,514.87 Lakhs in 9M FY25.
Board approved the appointment of M/s. V. Singhi & Associates as Internal Auditors for FY 2026-27.
💼 Action for Investors
While the profit growth is exceptionally high, investors should be aware that over 50% of the pre-tax profit came from one-time silver hedging gains. Monitor core operational performance in subsequent quarters to ensure sustainable growth.
Modison Ltd Q3 Net Profit Surges 245% YoY to ₹20.06 Cr; Revenue Up 18.5%
Modison Limited reported a robust performance for Q3 FY26, with consolidated revenue growing 18.5% YoY to ₹143.71 crore. Net profit witnessed a massive jump of 245% YoY to ₹20.06 crore, significantly bolstered by an exceptional gain of ₹11.70 crore from silver hedging and mark-to-market forward contracts. Even excluding these exceptional items, profit from ordinary activities grew by 95% YoY to ₹15.35 crore. The company also announced the appointment of M/s. V. Singhi & Associates as Internal Auditors for the next fiscal year.
Key Highlights
Consolidated Revenue from Operations increased 18.5% YoY to ₹143.71 crore from ₹121.21 crore.
Net Profit surged 245% YoY to ₹20.06 crore, compared to ₹5.81 crore in the same quarter last year.
Exceptional gain of ₹11.70 crore recorded from silver hedging and forward contracts, up from a loss of ₹0.02 crore YoY.
Profit before exceptional items and tax grew 95% YoY to ₹15.35 crore.
Basic EPS for the quarter rose significantly to ₹6.18 from ₹1.79 YoY.
💼 Action for Investors
Investors should cheer the strong bottom-line growth, but remain mindful that a significant portion of the profit jump is due to one-time hedging gains. The 95% growth in core operating profit before exceptions indicates strong underlying business momentum.
Modis Navnirman Wins Rs 250 Crore Housing Society Redevelopment Mandate in Mumbai
Modis Navnirman Limited has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society in Borivali West, Mumbai. The project covers a land parcel of approximately 3,924.91 sq. mtrs and has an estimated Gross Development Value (GDV) of Rs 250 crore. Notably, the company secured 100% unanimous consent from society members, which significantly reduces the risk of litigation and delays. This mandate strengthens the company's presence in the high-demand Mumbai suburban redevelopment market.
Key Highlights
Estimated Gross Development Value (GDV) of approximately Rs 250 crore for the Borivali project.
Project involves a land parcel of approximately 3,924.91 sq. mtrs in a prime Mumbai micro-market.
Achieved 100% unanimous consent from society members, reflecting strong execution trust.
Successful completion of the 79A statutory procedure ensures compliance with redevelopment norms.
💼 Action for Investors
Investors should view this as a positive growth indicator for the company's order book and market positioning in Mumbai. Monitor the project's regulatory approval timeline and its eventual impact on the company's revenue recognition cycles.
Modison Ltd Credit Rating Reaffirmed at 'CARE A; Stable'; Facilities Enhanced to ₹157.50 Cr
CARE Ratings has reaffirmed Modison Limited's long-term credit rating at 'CARE A; Stable' and its short-term rating at 'CARE A1'. The total rated bank facilities have been enhanced to ₹157.50 crore, up from previous levels, which includes a new ₹25 crore facility assigned to Citi Bank. The rating action follows a review of the company's audited FY25 and unaudited H1FY26 financial performance. This reaffirmation indicates a stable credit profile and continued confidence from lenders as the company expands its credit lines.
Key Highlights
Long-term rating for HDFC Bank facilities reaffirmed at 'CARE A; Stable' for an enhanced amount of ₹115 crore.
Short-term rating for HDFC Bank facilities reaffirmed at 'CARE A1' for ₹17.50 crore.
New credit rating of 'CARE A; Stable / CARE A1' assigned to ₹25 crore facilities from Citi Bank.
Total bank facilities under rating now aggregate to ₹157.50 crore.
Ratings review based on operational and financial performance for FY25 and H1FY26.
💼 Action for Investors
The reaffirmation of ratings with a stable outlook and the enhancement of credit limits suggest a healthy balance sheet and growth potential. Investors can maintain confidence in the company's creditworthiness and debt-servicing capabilities.
MODISONLTD declares ₹2.50 dividend, record date Dec 8, 2025
Modison Limited has announced an interim dividend of 250%, which amounts to ₹2.50 per equity share with a face value of ₹1.00. The record date to determine shareholders' eligibility for this dividend is December 8, 2025. The dividend payment is scheduled to be made on or after December 9, 2025, subject to applicable tax deductions. Investors holding shares in dematerialized form as of the record date, as per NSDL and CDSL records, and those holding physical shares with valid transmission requests will be eligible.
Key Highlights
Interim dividend of 250% declared
Dividend amount is ₹2.50 per share
Record date is December 08, 2025
Face value of share is ₹1.00
Payment on/after December 09, 2025
💼 Action for Investors
Shareholders should ensure their Demat accounts are correctly updated to receive the dividend. Monitor your account for the dividend payout after December 9, 2025.
MODISONLTD declares Interim Dividend of ₹2.50 per share
Modison Limited's Board of Directors declared an interim dividend of ₹2.50 per equity share (250%) with a face value of ₹1.00 each for the financial year 2025-26. The record date for determining eligible shareholders is December 08, 2025. This dividend payout reflects the company's financial performance and commitment to rewarding its investors. The board meeting to approve this dividend occurred on December 02, 2025, commencing at 11:30 a.m. and concluding at 12:30 p.m.
Key Highlights
Interim Dividend declared: ₹2.50 per equity share
Dividend is 250% of face value
Face value of equity share: ₹1.00
Record Date: December 08, 2025
💼 Action for Investors
Shareholders should note the record date of December 08, 2025, to ensure eligibility for the interim dividend. Monitor the company's dividend payout history and financial performance for future investment decisions.