Modi’s Navnirman Q1 FY27: CMP ₹346, targets 2026

Why Modi’s Navnirman is back on investors’ radar

Modi’s Navnirman’s Q1 FY27 results season is drawing attention as investors position for the July-August 2026 quarterly reporting window for the quarter ended June 2026. A Uniresearch update dated 8 July 2026 (5:47 pm) pegged the stock at a CMP of ₹346 with a market capitalisation of ₹674 crore, while flagging the P/E as “not meaningful” in that note. The same note published an indicative 12-month target range of ₹349 to ₹394.

At the same time, separate market snapshots in the provided data show the stock trading at different points around the period, including ₹335 (NSE, 25 June, 4:00 pm) and ₹408 (22 July 2026). These variations matter for readers because they can change implied valuation metrics and the distance to target levels.

Latest snapshot: price, market cap, and valuation signals

The Uniresearch figures place the share price at ₹346 and market cap at ₹674 crore. Another excerpt shows market cap of ₹656.31 crore alongside the 52-week range, and yet another data point lists market cap of ₹784 crore with price at ₹408.

Valuation metrics also differ by source and timestamp. While the Uniresearch note labels the P/E as not meaningful, other provided snapshots list P/E of 24.4 (at price ₹349 and market cap ₹711 crore) and stock P/E of 26.9 (at price ₹408). Investors typically reconcile these differences by checking the exact period used for EPS and whether numbers are consolidated or standalone.

Q1 FY27 results date: what is known so far

The only timing guidance explicitly stated is that Modi’s Navnirman’s Q1 FY27 results are expected in the July-August 2026 window, described as indicative and aligned with the broader NSE and BSE results season for the quarter ended June 2026. The same source also cautions that quarterly financials are “not yet fully available” on data partners for this cycle.

Because of this, the article’s primary actionable point is procedural rather than predictive: investors are advised to track Screener.in and NSE/BSE filings directly for the final results date and to cross-check reported figures.

Key estimates table: what the Uniresearch note published

Recent operating performance: the latest quarterly numbers available

While Q1 FY27 numbers are not yet available in the provided material, the dataset includes a quarterly result table (figures in ₹ crore) for Dec 2025 and Mar 2026. Net sales declined from ₹54.43 crore in Dec 2025 to ₹51.49 crore in Mar 2026. Operating profit fell sharply from ₹14.69 crore to ₹4.81 crore over the same period.

Profit after tax also declined from ₹12.77 crore (Dec 2025) to ₹4.45 crore (Mar 2026). Adjusted EPS moved from ₹6.52 to ₹2.27.

Management commentary and recognition policy: what the company has said

A company communication referenced in the provided text notes that the transcript of an earnings conference call held on 17 February 2026 (to discuss results for the quarter and nine months ended 31 December 2025) is available on the company website.

In that transcript excerpt, the company stated that for the nine-month period ending 31 December 2025, revenue from operations was ₹137 crore, EBITDA was ₹30.89 crore, and PAT was ₹24.77 crore. It also cited EBITDA margin of 22.32% and PAT margin of 17.9%, and said it continued to be debt-free while scaling.

The same commentary highlights the revenue-recognition approach under Ind AS, stating revenue is recognised only when 25% of project cost has been incurred. This is relevant context for quarter-to-quarter volatility, because revenue and profits may be lumpy depending on project milestones.

FY27 outlook cues: revenue recognition target and capital plans

The provided material also includes an FY27 revenue recognition target range: ₹200 crore to ₹225 crore, and separately references ₹230 crore in the same breath. This appears as management guidance in the transcript excerpt.

On capital allocation, multiple lines in the dataset state that no new land acquisitions or capital investments are currently planned for FY27, and that the company has no immediate plans for expansions requiring additional capital for the year.

Ownership and balance-sheet indicators in the dataset

A shareholding snapshot as of 2026-06-30 lists Promoter 63.8%, FII 9.5%, DII 1.4%, Institutions 10.9%, and Public 25.3%, with promoter pledge at 0%. The same block lists 1,380 shareholders.

Another market snapshot lists Total Debt of ₹3 crore and Debt/Equity of 0.045, along with book value ₹79.96 and EPS (TTM) ₹14.87. Since these metrics are timestamped to a specific market snapshot, readers typically confirm whether they are consolidated, and whether “debt-free” is being used in a net-debt sense.

Annual financial context: converting lakh figures into ₹ crore

One annual disclosure in the dataset states consolidated total revenue of 19,268.14 lakh, compared with 10,456.96 lakh in the previous year. Normalised into ₹ crore, that equals ₹192.68 crore versus ₹104.57 crore, reflecting an increase of 84.26% as stated.

The same disclosure lists profit before tax of 3,640.15 lakh (₹36.40 crore) versus 2,735.27 lakh (₹27.35 crore), an increase of 33.08%, and profit after tax of 2,917.86 lakh (₹29.18 crore).

Market impact: what investors are likely tracking into Q1 FY27

Given the absence of published Q1 FY27 estimates in the provided sources, the near-term market focus is likely to remain on (1) the confirmed results date via exchange filings, and (2) whether revenue recognition triggers during the quarter produce a step-up or a lull.

Price levels and target ranges are also central. The Uniresearch target band of ₹349 to ₹394 is close to the ₹346 CMP in the cited update, while later market snapshots show the stock trading well above that band at ₹408 on 22 July 2026. That divergence increases the importance of verifying which price and date a target range refers to.

Analysis: why the “data gap” matters this quarter

The most important constraint in the provided material is explicit: quarterly financials for this cycle are “not yet fully available” on the referenced data partners. In such situations, price moves can be driven more by expectations and positioning than by verifiable numbers.

For a real-estate-linked company that follows milestone-based revenue recognition, quarter-to-quarter comparisons can be noisy even when underlying execution is steady. As a result, the most reliable way to track the Q1 FY27 outcome is to rely on official NSE/BSE filings and the company’s published results documents.

Conclusion

Modi’s Navnirman heads into the Q1 FY27 reporting window with the stock referenced at ₹346 (Uniresearch update) and an indicative results timeline of July-August 2026. With limited third-party quarterly estimates available, the next clear checkpoint is the company’s exchange filing announcing the results date, followed by the published financials and accompanying disclosures.