Modipon Ltd (MODIPON)
🎯 Key Takeaways
- Modipon Ltd appears to be in a distressed or turnaround phase, with no revenue generation, persistent losses, and reliance on related party financing to meet statutory obligations. The company has not paid dividends and is exploring potential revival through asset rehabilitation and industrial project development, contingent on regulatory and land approvals.
- ⚠️ Persistent operational shutdown with zero revenue and no visible path to recovery.
- Market Cap
- ₹52
- P/B Ratio
- -0.57
- ROE
- 0.6%
- ROCE
- 1.2%
- Debt/Equity
- -0.50
- Promoter
- 64.1%
📖 The Story
Modipon Ltd appears to be in a distressed or turnaround phase, with no revenue generation, persistent losses, and reliance on related party financing to meet statutory obligations. The company has not paid dividends and is exploring potential revival through asset rehabilitation and industrial project development, contingent on regulatory and land approvals. Its financial profile reflects minimal asset base and negative equity reserves, signaling long-term operational stagnation.
📰 What's Happening
The company held its 59th AGM on September 29, 2026 via video conference, where it reported a net loss of ₹51.05 lakhs for FY 2025-26 and sought shareholder approval for material related party transactions with Status Mark Finvest Limited and Ashoka Mercantile Limited, each up to ₹1 crore in loans. The appointments of Vasu Bansal & Co. as statutory auditors and reappointment of the current auditor were also approved. Management indicated plans to explore rehabilitation and optimal utilization of assets, including potential industrial project development, subject to land resolution and regulatory clearances. No forward guidance or strategic timeline was provided.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 |
| OPM % | — | — | — | — | — |
| Net Profit | -0 | -0 | -0 | -0 | -0 |
| EPS | ₹-0.08 | ₹-0.10 | ₹-0.13 | ₹-0.14 | ₹-0.12 |
Revenue has remained consistently zero across all reported quarters, with operating and net losses persisting without signs of recovery. EPS has declined slightly over recent periods, reflecting ongoing financial erosion. Despite the lack of operational performance, the company continues to rely on related party loans to meet obligations, underscoring structural weakness in its core business model.
🔮 Management Outlook & What's Next
Management has not provided specific financial targets or timelines for revival but has indicated an intent to explore asset rehabilitation and industrial project development, contingent on resolving land and regulatory matters. No formal business restart or revenue generation plan has been disclosed. The focus remains on procedural compliance and statutory adherence rather than operational transformation.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2026 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 |
| Reserves | -103 | -104 | -104 | -104 |
| Borrowings | 45 | 46 | 45 | 45 |
| Total Liabilities | 8 | 8 | 8 | 8 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 8 | 8 | 8 | 8 |
The balance sheet shows a minimal asset base of ₹8 crore and negative reserves of ₹104 lakhs, indicating cumulative losses have eroded equity. Borrowings stand at ₹45-46 crore, primarily consisting of related party loans, which are used to fund statutory and operational obligations. The company’s capital structure reflects high leverage relative to its asset base, with no meaningful equity cushion.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +0 |
| Investing | -0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 64.1% | 64.1% | 64.1% | 64.1% |
| FII | 8.9% | 8.9% | 8.9% | 8.9% |
| DII | 1.3% | 1.3% | 1.3% | 1.3% |
| Public | 9.0% | 9.0% | 9.0% | 9.0% |
| # Shareholders | 7,274 | 7,251 | 7,225 | 7,174 |
Promoter holding remains stable at 64.08%, with no signs of dilution or exit. FII and DII ownership is modest at 8.89% and 1.29% respectively, showing limited institutional interest. The shareholder base is broad with 7,174 public shareholders, but no significant movement in institutional inflows or outflows has been disclosed in recent quarters.
⚖️ Peer Comparison — Realty
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| DLF | 1.66 L Cr | 37.4 | 6.5% | — | 0.00 |
| LODHA | 1.13 L Cr | 27.5 | 17.9% | — | 0.42 |
| PHOENIXLTD | 69,613 | 54.4 | 15.4% | — | 0.48 |
| OBEROIRLTY | 64,539 | 24.4 | 17.8% | — | 0.16 |
| PRESTIGE | 63,834 | 56.0 | 10.4% | — | 0.92 |
| GODREJPROP | 49,115 | 30.7 | 6.6% | — | 0.82 |
| PFOCUS | 24,541 | 205.2 | 9.4% | — | 2.37 |
| ANANTRAJ | 21,551 | 36.3 | 11.1% | — | 0.10 |
| BRIGADE | 18,784 | 21.8 | 10.9% | — | 0.90 |
| SOBHA | 13,051 | 56.6 | 7.8% | — | 0.21 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent operational shutdown with zero revenue and no visible path to recovery. 2. High reliance on related party loans for statutory compliance, raising governance and solvency concerns. 3. Ongoing litigation and unresolved regulatory matters posing existential risk. 4. Negative equity reserves and minimal asset base limiting financial flexibility.
📋 Recent Filings
- 🟡 voting results2026-10-01Modipon Ltd held its 59th Annual General Meeting on September 29, 2026 via video conference, approving the audited FY2025-26 financial statements, app…
- 🟡 Board Meeting2026-09-29Modipon Ltd held its 59th AGM on September 29, 2026 via video conference, confirming quorum and conducting e-voting for resolutions including approval…
- Announcement2026-09-27Modipon Ltd announced that its trading window will close on October 1, 2026, and remain shut until 48 hours after the unaudited quarterly results for …
- 🔴 annual report2026-09-07Modipon Limited announced its 59th Annual General Meeting on September 29, 2026, via video conference, and provided updated instructions for sharehold…
- 🔴 annual report2026-09-07Modipon Limited's 59th Annual General Meeting is scheduled for September 29, 2026 via video conference. The company reported a net loss of ₹51.05 lakh…
- 🔴 annual report2026-09-07Modipon Limited announced its 59th Annual General Meeting (AGM) scheduled for September 29, 2026, via video conferencing, along with the Annual Report…
- share transfer2026-09-07Modipon Limited announced its 59th Annual General Meeting scheduled for September 29, 2026, via video conference, with e-voting open from September 26…
🧠 Analyst's Read
Modipon Ltd remains a financially fragile entity with no operational traction, dependent on procedural approvals and related party support to navigate its current state. Investors should monitor developments around land acquisition, regulatory clearances, and any shift in capital allocation strategy, but meaningful recovery appears distant without a clear business revival plan.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-10-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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