Modis Navnirman Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Lakshit Sharma
- Category: Market
Modis Navnirman share price Rs 398.05 (9 October 2026). Base target Rs 450, bull Rs 539, downside risk Rs 300. PE 23.74. 52W range Rs 276.00 to Rs 429.05.
Quick Answer
The Modis Navnirman share price target for 2027 is Rs 450, about 13.1% above the current price of Rs 398.05. The bull case is Rs 539, and the downside risk level, which is not a target, is Rs 300. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 232.1%, with the stock holding its PE of 23.74. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Modis Navnirman target price for 2027 should start with where the stock sits today. At Rs 398.05 on 9 October 2026, it is 7.2% below its 52-week high of Rs 429.05 and 44.2% above its 52-week low of Rs 276.00. That range spans 55% from low to high, so the entry point matters as much as the Modis Navnirman price forecast itself.
This article builds the Modis Navnirman share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 450 base case and the Rs 539 bull case were reached, along with a downside risk level of Rs 300.
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Modis Navnirman Stock Analysis: Company Overview and Key Stats
Modis Navnirman (NSE: MODIS) has a market capitalisation of Rs 735 crore. In FY26 it reported revenue of Rs 192.68 crore and net profit of Rs 29.18 crore. The table collects the figures the Modis Navnirman share price target is built on.
| Metric | Value |
|---|---|
| Company | Modis Navnirman |
| NSE Ticker | MODIS |
| CMP (9 October 2026) | Rs 398.05 |
| 52-Week High | Rs 429.05 |
| 52-Week Low | Rs 276.00 |
| Market Cap | Rs 735 crore |
| PE Ratio (TTM) | 23.74 |
| Industry PE | 32.08 |
| Price to Book | 4.69 |
| Return on Equity | 18.63% |
| Debt to Equity | 0.04 |
| EPS (TTM) | Rs 15.81 |
| Dividend Yield | 0.00% |
| 12-Month Base Target | Rs 450 |
| Bull Case | Rs 539 |
| Downside Risk Level (not a target) | Rs 300 |
Why Is Modis Navnirman Share Price Target Set at Rs 450 for 2027?
The base-case Modis Navnirman stock target of Rs 450 applies a PE multiple of 23.74 to a forward EPS estimate of Rs 18.97. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 13.1% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Modis Navnirman Target Price: Five Years of Results
Modis Navnirman grew revenue from Rs 9.01 crore in FY22 to Rs 192.68 crore in FY26, a compound annual growth rate of 115.0%. Net profit grew faster, from Rs 0.84 crore to Rs 29.18 crore (142.8% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 9.01 | 0.84 | 2.83 | 0.00 |
| FY23 | 43.96 | 5.76 | 3.41 | 1.00 |
| FY24 | 23.38 | 2.57 | 1.35 | 0.00 |
| FY25 | 104.57 | 23.11 | 11.80 | 0.00 |
| FY26 | 192.68 | 29.18 | 14.89 | 0.00 |
FY26 revenue growth was 84.3%, slower than the four-year average of 115.0%, and net profit moved up 26.3%. EPS rose from Rs 1.35 in FY24 to Rs 14.89 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Modis Navnirman converted 15.1% of FY26 revenue into net profit, against 22.1% in FY25, within a five-year range of 9.3% to 22.1%. EBITDA margin was 20.0% in FY26 versus 27.2% in FY25.
In the June 2026 quarter, revenue was Rs 58.75 crore, up 183.5% from the same quarter a year earlier, while net profit of Rs 8.58 crore was up 468.2%. EBITDA came in at Rs 11.65 crore, up 197.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.04, and shareholders’ equity grew from Rs 3.81 crore in FY22 to Rs 156.66 crore in FY26. Operating cash flow in FY26 was negative at Rs 2.33 crore against capital expenditure of Rs 0.03 crore, leaving negative free cash flow of Rs 2.36 crore. In FY25 free cash flow was negative at Rs 20.50 crore.
Valuation Check for the Modis Navnirman Stock Target: PE, Price to Book and ROE
At a PE of 23.74 against an industry PE of 32.08, Modis Navnirman trades at a discount to its industry. Price to book is 4.69 on a book value of Rs 79.96 per share, and return on equity is 18.63%. A PE of 23.74 equals an earnings yield of 4.2%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.
Shareholding Pattern and Institutional Holding
Promoters held 63.79% of Modis Navnirman in June 2026, and promoter holding has stayed near 63.79% since September 2025. Foreign institutional investors (FII) held 9.50% and domestic institutions (DII) held 1.37%, which puts total institutional holding at 10.87%. FII holding fell from 11.51% in September 2025 to 9.50% in June 2026. Public shareholders own the remaining 25.33%.
Modis Navnirman Share Price Targets for the Short Term and 12 Months
Short Term Modis Navnirman Stock Target Levels: Technical Setup
At Rs 398.05 on 9 October 2026, Modis Navnirman trades above its 50-day simple moving average of Rs 381.34 and above its 200-day exponential moving average of Rs 362.89. The 14-day RSI reads 77.6, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 429.05 (52-week high) and the nearest support is Rs 381.34 (50-day simple moving average). A sustained move above Rs 429.05 would improve the short-term setup, while a close below Rs 381.34 would shift attention to the next support.
12 Month Modis Navnirman Target Price for 2027
The 12-month target for Modis Navnirman is Rs 450: forward EPS of Rs 18.97 at a PE of 23.74. That is 13.1% above Rs 398.05. It would also push the stock above its 52-week high of Rs 429.05.
How EPS Growth and PE Multiple Change the Modis Navnirman Target Price
| EPS Growth | PE 18.99 | PE 23.74 | PE 27.30 |
|---|---|---|---|
| 0.0% (EPS Rs 15.81) | Rs 300 | Rs 375 | Rs 432 |
| 20.0% (EPS Rs 18.97) | Rs 360 | Rs 450 | Rs 518 |
| 25.0% (EPS Rs 19.76) | Rs 375 | Rs 469 | Rs 539 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Modis Navnirman price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Modis Navnirman Stock Target in 2027
Bull Case Rs 539
The bull case Modis Navnirman price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 19.76, and a PE multiple that rises 15% to 27.30. That gives Rs 539, 35.4% above the current price and above the 52-week high of Rs 429.05, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 300
The downside risk level is not a target. It assumes EPS stays flat at Rs 15.81 and the PE falls 20% to 18.99. That gives Rs 300, 24.6% below the current price and above the 52-week low of Rs 276.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 27.30 | Rs 539 | +35.4% |
| Base Case | 20.0% | 23.74 | Rs 450 | +13.1% |
| Downside Risk | 0.0% | 18.99 | Rs 300 | -24.6% |
Key Risks to the Modis Navnirman Target Price for 2027
Growth Slowdown Risk for the Modis Navnirman Price Target
Revenue in the June 2026 quarter was up 183.5% year on year, and FY26 revenue growth was 84.3%. If growth slows from here, the EPS estimate behind the Modis Navnirman stock target will need revising.
Liquidity and Size Risk
Modis Navnirman has a market capitalisation of Rs 735 crore. Institutional holding is 10.87%, and promoters hold 63.79%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 15.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 23.74 versus an industry PE of 32.08, a de-rating toward the downside-risk PE of 18.99 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 7.2% below its 52-week high, with an RSI of 77.6 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Modis Navnirman
Start with the live price and volume. Any Modis Navnirman share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 398.05 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Modis Navnirman’s PE, ROE, debt and shareholding in one place.
Check Modis Navnirman fundamentals on the Univest Screener
Then compare the three Modis Navnirman target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Modis Navnirman live price and get daily stock recommendations.
Conclusion
The Modis Navnirman share price target for 2027 is Rs 450 in the base case, with Rs 539 as the bull case. The support for that view is arithmetic you can check: EPS grew 232.1% a year over FY24 to FY26, and the stock trades at a PE of 23.74. The risks are equally concrete, including a stock that sits 7.2% below its 52-week high and a downside scenario that cuts the price 25% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Modis Navnirman Share Price Target 2027
What is the Modis Navnirman share price target for 2027?
Ans. The base-case Modis Navnirman share price target for 2027 is Rs 450, with Rs 539 as the bull case. The downside risk level, which is not a target, is Rs 300. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Modis Navnirman share price today?
Ans. As of 9 October 2026, 3:30 PM IST, Modis Navnirman trades at Rs 398.05, up 6.08% on the day. The 52-week range is Rs 276.00 to Rs 429.05.
Is Modis Navnirman a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 232.1% a year over FY24 to FY26, but the stock is 7.2% below its 52-week high. Whether Modis Navnirman fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Modis Navnirman shares?
Ans. The bull case target is Rs 539, which assumes 25.0% EPS growth and a PE of 27.30. The downside risk level is Rs 300, which assumes flat EPS and a PE of 18.99. It marks a risk, not a target.
What are the main risks to the Modis Navnirman price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 735 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Modis Navnirman and how does it compare with the industry?
Ans. The PE ratio of Modis Navnirman is 23.74 against an industry PE of 32.08. Price to book is 4.69 and return on equity is 18.63%. The base case in the Modis Navnirman price target holds this PE constant.
Who owns Modis Navnirman, and what is the promoter holding?
Ans. Promoters held 63.79% of Modis Navnirman in June 2026. FII held 9.50%, DII held 1.37% and the public held 25.33%.
What were Modis Navnirman’s latest quarterly results?
Ans. In the June 2026 quarter, Modis Navnirman reported revenue of Rs 58.75 crore (up 183.5% year on year) and net profit of Rs 8.58 crore (up 468.2%).