New Risk • Aug 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹266m free cash flow). Earnings have declined by 0.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (₹1.74b market cap, or US$18.3m). New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹266m free cash flow). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (₹1.31b market cap, or US$13.7m). Announcement • Aug 01
Modulex Construction Technologies Limited to Report Q1, 2027 Results on Aug 05, 2026 Modulex Construction Technologies Limited announced that they will report Q1, 2027 results on Aug 05, 2026 Announcement • May 25
Modulex Construction Technologies Limited, Annual General Meeting, Jul 23, 2026 Modulex Construction Technologies Limited, Annual General Meeting, Jul 23, 2026, at 13:00 Indian Standard Time. Announcement • May 15
Modulex Construction Technologies Limited to Report Q4, 2026 Results on May 22, 2026 Modulex Construction Technologies Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 22, 2026 Announcement • Feb 04
Modulex Construction Technologies Limited to Report Q3, 2026 Results on Feb 11, 2026 Modulex Construction Technologies Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Board Change • Dec 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Sudha Prajapati was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹271m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹1.65b market cap, or US$18.3m). Announcement • Nov 11
Modulex Construction Technologies Limited to Report Q2, 2026 Results on Nov 14, 2025 Modulex Construction Technologies Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Aug 09
Modulex Construction Technologies Limited to Report Q1, 2026 Results on Aug 12, 2025 Modulex Construction Technologies Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Announcement • Jul 10
Modulex Construction Technologies Limited Approves Board Changes Modulex Construction Technologies Limited held its AGM on July 10, 2025, approved the appointment of Mr. Parag Mehta (DIN: 00714674), as an Independent Director of the Company and approved the appointment of Major General MN Devaya (Retd) (DIN: 11021953), as an Independent Director of the Company; approve the change in designation of Mr. Jayesh Sheth (DIN: 03506031), as an Executive Director - Finance of the Company. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Woman Director Rakhee Agarwal was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 27
Modulex Construction Technologies Limited, Annual General Meeting, Jul 10, 2025 Modulex Construction Technologies Limited, Annual General Meeting, Jul 10, 2025, at 13:00 Indian Standard Time. Announcement • May 22
Modulex Construction Technologies Limited to Report Q4, 2025 Results on May 27, 2025 Modulex Construction Technologies Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹26.92, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 92% over the past three years. Announcement • Feb 05
Modulex Construction Technologies Limited to Report Q3, 2025 Results on Feb 11, 2025 Modulex Construction Technologies Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹32.70, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹21.90, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 25x in the Construction industry in India. Total returns to shareholders of 36% over the past three years. Announcement • Nov 09
Modulex Construction Technologies Limited to Report Q2, 2025 Results on Nov 13, 2024 Modulex Construction Technologies Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹22.17, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹19.47, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 29x in the Construction industry in India. Total returns to shareholders of 8.2% over the past three years. Announcement • Sep 02
Modulex Construction Technologies Limited, Annual General Meeting, Sep 26, 2024 Modulex Construction Technologies Limited, Annual General Meeting, Sep 26, 2024, at 12:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹13.11, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 29x in the Construction industry in India. Total loss to shareholders of 33% over the past three years. Announcement • Jul 22
Modulex Construction Technologies Limited to Report Q1, 2025 Results on Jul 25, 2024 Modulex Construction Technologies Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Announcement • May 25
Modulex Construction Technologies Limited to Report Q4, 2024 Results on May 30, 2024 Modulex Construction Technologies Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • Feb 08
Modulex Construction Technologies Limited to Report Q3, 2024 Results on Feb 14, 2024 Modulex Construction Technologies Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Nov 29
Modulex Construction Technologies Limited to Report Q2, 2024 Results on Dec 05, 2023 Modulex Construction Technologies Limited announced that they will report Q2, 2024 results on Dec 05, 2023 Announcement • Nov 03
Modulex Construction Technologies Limited to Report Q1, 2024 Results on Nov 08, 2023 Modulex Construction Technologies Limited announced that they will report Q1, 2024 results on Nov 08, 2023 New Risk • Oct 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹49m free cash flow). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹716.9m market cap, or US$8.63m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Sep 01
Modulex Construction Technologies Limited, Annual General Meeting, Sep 26, 2023 Modulex Construction Technologies Limited, Annual General Meeting, Sep 26, 2023, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt The Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; to consider The Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 and the Report of the Auditors thereon; to appoint a Director in place of Mr. Ajay Palekar , who retires by rotation at this Annual General Meeting and being eligible,offers himself for re-appointment; to appoint M/s. Dhadda & Associates, Chartered Accountants, as the Statutory Auditors of the Company and fix their remuneration and in this regard; and to consider other matters. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Non-Executive Independent Women Director Rakhee Agarwal was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 25
Modulex Construction Technologies Limited to Report Q4, 2023 Results on May 30, 2023 Modulex Construction Technologies Limited announced that they will report Q4, 2023 results on May 30, 2023 Announcement • Feb 08
Modulex Construction Technologies Limited to Report Q3, 2023 Results on Feb 14, 2023 Modulex Construction Technologies Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Announcement • Jan 26
Modulex Construction Technologies Limited to Report Q3, 2023 Results on Feb 03, 2023 Modulex Construction Technologies Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Announcement • Sep 08
Modulex Construction Technologies Limited, Annual General Meeting, Sep 30, 2022 Modulex Construction Technologies Limited, Annual General Meeting, Sep 30, 2022, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31 March, 2022 and the Reports of the Board of Directors and Auditors thereon; and to consider The Audited Consolidated Financial Statements of the Company for the financial year ended 31 March, 2022 and the Report of the Auditors thereon; to consider Appointment of Mr. Ajay Palekar (DIN: 02708940) as Director liable to retire by rotation; and to transact other matters. Announcement • Sep 03
Modulex Construction Technologies Limited Appoints Raj Kumar Sharma as Independent Director The board of directors of Modulex Construction Technologies Limited at its meeting held on September 2, 2022, approved the change in designation and appointment of Mr. Raj Kumar Sharma (DIN: 00998552) as an Independent Director of the Company. Announcement • Aug 27
Modulex Construction Technologies Limited to Report Q1, 2022 Final Results on Sep 02, 2022 Modulex Construction Technologies Limited announced that they will report Q1, 2022 final results on Sep 02, 2022 Announcement • Jul 12
Modulex Construction Technologies Limited Announces Reconstitution of Board Committees The board of directors of Modulex Construction Technologies Limited meeting held on July 9, 2022, have reconstituted the following committees of the Board. Audit Committee: Ms. Rakhee Agarwal as Chairman, Mr. Ajay Palekar and Mr. Aditya Vikram Kanoria as members; Nomination and Remuneration Committee: Mr. Raj Kumar Sharma as Chairman, Mr. Aditya Vikram Kanoria, Ms. Rakhee Agarwal and Mr. Ajay Palekar as members; Management Committee: Mr. Ajay Palekar as Chairman, Mr. Raj Kumar Sharma and Mr. Suchit Punnose as members; and Securities Committee: Mr. Aditya Vikram Kanoria as Chairman, Mr. Ajay Palekar and Mr. Raj Kumar Sharma as members of the company. Reported Earnings • Jun 20
Full year 2021 earnings released: ₹1.28 loss per share (vs ₹1.27 loss in FY 2020) Full year 2021 results: Net loss: ₹64.7m (loss widened 12% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 25
New 90-day low: ₹6.20 The company is down 22% from its price of ₹7.96 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 32% over the same period. Is New 90 Day High Low • Feb 10
New 90-day low: ₹6.72 The company is down 18% from its price of ₹8.19 on 11 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 44% over the same period. Announcement • Feb 05
Modulex Construction Technologies Limited to Report Q3, 2021 Results on Feb 12, 2021 Modulex Construction Technologies Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 15
New 90-day low: ₹7.18 The company is down 12% from its price of ₹8.15 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 44% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: ₹7.56 The company is down 23% from its price of ₹9.78 on 23 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 31% over the same period. Announcement • Nov 08
Modulex Construction Technologies Limited to Report Q2, 2021 Results on Nov 12, 2020 Modulex Construction Technologies Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total losses of ₹57.4m, with losses narrowing by 34% from the prior year. Announcement • Sep 09
Modulex Construction Technologies Limited to Report Q1, 2021 Results on Sep 15, 2020 Modulex Construction Technologies Limited announced that they will report Q1, 2021 results on Sep 15, 2020