Modis NavnirmanNSE:MODIS +0.45%62 Net Current Asset Value is ₹77.78 as of Mar. 2026, which is 100% below its 10-year median of 6.32. GuruFocus rates NSE:MODIS with a GF Score™ of 62/100 and a GF Value™ of ₹780.57 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 758 Real Estate companies, Modis Navnirman ranks worse than 69.53% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Modis Navnirman's net current asset value per share for the quarter that ended in Mar. 2026 was ₹77.78.
The historical rank and industry rank for Modis Navnirman's Net Current Asset Value or its related term are showing as below:
NSE:MODIS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.82 Med: 6.32 Max: 8.2
Current: 4.31
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Modis Navnirman was 8.20. The lowest was 3.82. And the median was 6.32.
NSE:MODIS's Price-to-Net-Current-Asset-Value is ranked worse than 69.53% of 758
companies
in the Real Estate industry
Industry Median: 2.17
vs NSE:MODIS: 4.31
Modis Navnirman (NSE:MODIS) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Modis Navnirman Net Current Asset Value Related Terms
Modis Navnirman Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Modis Navnirman's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Modis Navnirman Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Modis Navnirman's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Modis Navnirman Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Modis Navnirman's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Modis Navnirman's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of ₹77.78 mean?
Modis Navnirman (NSE:MODIS) has a Net Current Asset Value of ₹77.78 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Modis Navnirman and its competitors. This is 1131% above median its historical median of 6.32. Over the past decade, Modis Navnirman's Net Current Asset Value has ranged from 3.82 to 8.20. According to the industry distribution chart, Modis Navnirman ranks #527 out of 758 companies in the Real Estate industry, placing it in the top 69.5%.
Is Modis Navnirman's Net Current Asset Value too high?
Modis Navnirman's current Net Current Asset Value of ₹77.78 is 1131% above median its 10-year median of 6.32. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 8.20. Based on the distribution chart, Modis Navnirman ranks #527 out of 758 companies in the Real Estate industry, which is below the industry midpoint. Overall, Modis Navnirman has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Modis Navnirman's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Modis Navnirman ranks #527 out of 758 companies for Net Current Asset Value. This places Modis Navnirman in the lower half of its industry. The industry median Net Current Asset Value is 2.17. Historically, Modis Navnirman's own Net Current Asset Value has ranged from 3.82 to 8.20 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.17, based on 758 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Modis Navnirman and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modis Navnirman's current Net Current Asset Value is ₹77.78, which is 1131% above median its own 10-year median of 6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modis Navnirman stock overvalued right now?
Based on GuruFocus' analysis, Modis Navnirman (NSE:MODIS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹780.57, compared to a current price of ₹335.15 — trading 57.1% below its estimated fair value. The current Net Current Asset Value is ₹77.78, which is 1131% above median its 10-year median of 6.32. Modis Navnirman's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Modis Navnirman (NSE:MODIS), the current Net Current Asset Value is ₹77.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Modis Navnirman (NSE:MODIS) Overvalued in 2026?
Based on GuruFocus' analysis, Modis Navnirman stock appears to be undervalued.
The current stock price of ₹335.15 is trading 57.1% below its estimated GF Value™ of ₹780.57.
GuruFocus considers Modis Navnirman to be Possible Value Trap.
Key valuation signals for NSE:MODIS:
Net Current Asset Value: ₹77.78 (1131% above median its 10-year median of 6.32)
GF Value™: ₹780.57 vs. price of ₹335.15 (57.1% below fair value)
No single metric tells the full story. See the NSE:MODIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Rashmi Jewel, Rashmi Terrace and others.
62GF Score
Get the complete analysis for NSE:MODIS
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MODIS has been successfully added to your 
