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Last Updated: April 2, 2026, 4:52 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504273 | NSE: MODULEX

Modulex Construction Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹8.43Overvalued by 53.93%vs CMP ₹18.30

P/E (15.0) × ROE (1.5%) × BV (₹44.70) × DY (2.00%)

Defaults: P/E=15

₹15.18Overvalued by 17.05%vs CMP ₹18.30
MoS: -20.6% (Negative)Confidence: 40/100 (Low)Models: 2 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹7.7930%Over (-57.4%)
Graham NumberEarnings₹25.3723%Under (+38.6%)
DCFCash Flow₹4.4123%Over (-75.9%)
Net Asset ValueAssets₹43.5012%Under (+137.7%)
Earnings YieldEarnings₹6.4012%Over (-65%)
Consensus (5 models)₹15.18100%Overvalued
Key Drivers: ROE 1.5% is below cost of equity. | Wide model spread (₹4–₹44) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -7.5% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

41
Modulex Construction Technologies Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 2.5% WeakROE 1.5% WeakD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 22.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 0% Steady
Quarterly Momentum40/100 · Moderate
Profit (4Q): -320% YoY Declining
Industry Rank30/100 · Weak
ROCE 2.5% vs industry 16.4% Below peersROE 1.5% vs industry 21.4% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:52 am

Market Cap 130 Cr.
Current Price 18.3
Intrinsic Value₹15.18
High / Low 30.4/17.0
Stock P/E
Book Value 44.7
Dividend Yield0.00 %
ROCE2.51 %
ROE1.54 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Modulex Construction Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modulex Construction Technologies Ltd 130 Cr. 18.3 30.4/17.0 44.70.00 %2.51 %1.54 % 10.0
ARSS Infrastructure Projects Ltd 123 Cr. 54.3 60.4/34.1 5150.00 %0.63 %% 10.0
HB Estate Developers Ltd 142 Cr. 61.7 111/56.811.1 78.30.00 %8.20 %6.60 % 10.0
Vipul Ltd 146 Cr. 10.4 13.8/7.38 29.30.00 %0.44 %7.41 % 1.00
AMJ Land Holdings Ltd 146 Cr. 35.6 68.9/30.37.29 62.00.56 %13.5 %8.66 % 2.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Modulex Construction Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses 1.461.362.311.241.432.091.311.331.362.183.022.843.33
Operating Profit -1.46-1.36-2.31-1.24-1.43-2.09-1.31-1.33-1.36-2.18-3.02-2.84-3.33
OPM %
Other Income 0.090.090.030.150.000.9812.830.120.000.130.040.690.01
Interest 0.750.740.540.420.41-0.640.320.520.670.640.570.560.49
Depreciation 0.020.020.020.020.020.020.020.030.030.040.630.660.67
Profit before tax -2.14-2.03-2.84-1.53-1.86-0.4911.18-1.76-2.06-2.73-4.18-3.37-4.48
Tax % 0.00%0.00%0.00%0.00%0.00%34.69%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -2.14-2.03-2.85-1.54-1.86-0.6611.18-1.76-2.06-2.72-4.18-3.36-4.47
EPS in Rs -0.42-0.40-0.41-0.24-0.27-0.101.61-0.22-0.29-0.33-0.60-0.48-0.64

Last Updated: March 3, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 17, 2026, 12:22 pm

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales -00000000
Expenses 754576511
Operating Profit -7-5-4-5-7-6-5-11
OPM % -27,200%
Other Income 010011131
Interest 11233132
Depreciation 00000002
Profit before tax -8-6-6-8-9-75-15
Tax % 0%0%1%0%0%3%-5%
Net Profit -8-6-7-8-9-75-15
EPS in Rs -1.42-1.13-1.26-1.57-1.76-1.000.64-2.05
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)25.00%-16.67%-14.29%-12.50%22.22%171.43%
Change in YoY Net Profit Growth (%)0.00%-41.67%2.38%1.79%34.72%149.21%

Modulex Construction Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:23%
3 Years:37%
TTM:-243%
Stock Price CAGR
10 Years:-3%
5 Years:21%
3 Years:10%
1 Year:10%
Return on Equity
10 Years:%
5 Years:-2%
3 Years:-2%
Last Year:2%

Last Updated: September 5, 2025, 3:51 pm

Balance Sheet

Last Updated: December 4, 2025, 3:08 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4351515151696969
Reserves 240231225217208208232240
Borrowings 01014222251818
Other Liabilities 1815141822232826
Total Liabilities 301306304308303305347353
Fixed Assets 261268268268264262270278
CWIP 2727273233336157
Investments 00011044
Other Assets 1411966111314
Total Assets 301306304308303305347353

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 03-0-4-5-9-2
Cash from Investing Activity + 0-110-33-2-24
Cash from Financing Activity + 080811027
Net Cash Flow 0000-0-01
Free Cash Flow 0-9-0-8-5-9-25
CFO/OP 0%-54%10%83%67%135%41%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.00-15.00-18.00-27.00-29.00-11.00-23.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 00
Inventory Days 0
Days Payable
Cash Conversion Cycle 00
Working Capital Days 1,978-297,840
ROCE %-2%-1%-2%-2%-2%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026
Promoters 22.61%22.61%22.61%22.61%22.61%22.61%22.61%22.61%22.61%22.61%22.61%22.82%
Public 77.37%77.38%77.39%77.39%77.37%77.37%77.38%77.37%77.38%77.37%77.38%77.18%
No. of Shareholders 6,1456,2756,2016,6766,7267,6027,5877,4897,4237,3157,2747,291

Shareholding Pattern Chart

No. of Shareholders

Modulex Construction Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.701.03-1.76-1.60-1.28
Diluted EPS (Rs.) 0.701.03-1.76-1.60-1.28
Cash EPS (Rs.) 0.72-0.98-1.74-1.57-1.26
Book Value[Excl.RevalReserv]/Share (Rs.) 43.5340.3250.5452.9454.29
Book Value[Incl.RevalReserv]/Share (Rs.) 43.5340.3250.5452.9454.29
PBDIT / Share (Rs.) 0.99-0.85-1.36-0.99-0.82
PBIT / Share (Rs.) 0.98-0.86-1.38-1.02-0.85
PBT / Share (Rs.) 0.66-0.97-1.76-1.59-1.28
Net Profit / Share (Rs.) 0.70-0.99-1.76-1.60-1.28
NP After MI And SOA / Share (Rs.) 0.64-0.99-1.76-1.59-1.28
Return on Networth / Equity (%) 1.47-2.49-3.48-3.00-2.35
Return on Capital Employeed (%) 2.22-2.14-2.68-1.90-1.55
Return On Assets (%) 1.28-2.25-2.97-2.61-2.13
Long Term Debt / Equity (X) 0.000.000.010.010.01
Total Debt / Equity (X) 0.060.010.070.060.04
Current Ratio (X) 0.250.160.050.020.22
Quick Ratio (X) 0.250.160.050.020.22
Interest Coverage Ratio (X) 3.21-8.16-2.44-1.76-1.97
Interest Coverage Ratio (Post Tax) (X) 3.26-8.52-2.48-1.82-2.05
Enterprise Value (Cr.) 198.7174.6353.37100.7243.01
EV / EBITDA (X) 28.79-12.60-7.67-19.98-10.22
Price / BV (X) 0.590.240.130.300.11
EarningsYield 0.02-0.10-0.26-0.09-0.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Modulex Construction Technologies Ltd. is a Public Limited Listed company incorporated on 24/05/1973 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25999PN1973PLC182679 and registration number is 001186. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 69.20 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringA-82, MIDC Industrial Estate, Pune District Maharashtra 413132Contact not found
Management
NamePosition Held
Mr. Suchit PunnoseChairman & Wholetime Director
Mr. Ajay PalekarManaging Director
Mr. Jayesh ShethExecutive Director - Finance
Mr. Aditya Vikram KanoriaNon Executive Director
Mrs. Rakhee Amit AgarwalIndependent Director
Mr. Raj Kumar SharmaIndependent Director
Mr. Parag MehtaInd. Non-Executive Director
Maj.Gen.(Retd.) M N DevayaInd. Non-Executive Director

FAQ

What is the intrinsic value of Modulex Construction Technologies Ltd and is it undervalued?

As of 13 April 2026, Modulex Construction Technologies Ltd's intrinsic value is ₹15.18, which is 17.05% lower than the current market price of ₹18.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.54 %), book value (₹44.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Modulex Construction Technologies Ltd?

Modulex Construction Technologies Ltd is trading at ₹18.30 as of 13 April 2026, with a FY2026-2027 high of ₹30.4 and low of ₹17.0. The stock is currently near its 52-week low. Market cap stands at ₹130 Cr..

How does Modulex Construction Technologies Ltd's P/E ratio compare to its industry?

Modulex Construction Technologies Ltd has a P/E ratio of , which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Modulex Construction Technologies Ltd financially healthy?

Key indicators for Modulex Construction Technologies Ltd: ROCE of 2.51 % is on the lower side compared to the industry average of 16.37%; ROE of 1.54 % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Modulex Construction Technologies Ltd profitable and how is the profit trend?

Modulex Construction Technologies Ltd reported a net profit of ₹5 Cr in Mar 2025. Compared to ₹-8 Cr in Mar 2022, the net profit shows an improving trend.

Does Modulex Construction Technologies Ltd pay dividends?

Modulex Construction Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹18.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Modulex Construction Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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