Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.06 | 1.42 | 0.34 | 0.00 | 0.98 | 3.53 | 2.47 | 3.10 | 3.13 | 3.34 | 3.74 | 3.69 |
| Expenses | 0.06 | 1.50 | 0.38 | 0.06 | 0.86 | 3.33 | 2.06 | 2.56 | 2.58 | 2.77 | 3.13 | 3.08 |
| Operating Profit | 0.00 | -0.08 | -0.04 | -0.06 | 0.12 | 0.20 | 0.41 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 |
| OPM % | 0.00% | -5.63% | -11.76% | 12.24% | 5.67% | 16.60% | 17.42% | 17.57% | 17.07% | 16.31% | 16.53% | |
| Other Income | 0.06 | 0.07 | 0.03 | 0.08 | 0.12 | 5.51 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.05 | -0.02 | -0.02 | 0.00 | 0.23 | 5.71 | 0.52 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 |
| Tax % | 0.00% | 0.00% | 0.00% | 17.39% | 16.64% | 17.31% | 25.93% | 25.45% | 26.32% | 26.23% | 26.23% | |
| Net Profit | 0.05 | -0.02 | -0.03 | 0.00 | 0.19 | 4.76 | 0.43 | 0.40 | 0.41 | 0.42 | 0.45 | 0.45 |
| EPS in Rs | 0.01 | -0.01 | -0.01 | 0.00 | 0.05 | 1.31 | 0.12 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.37 | 5.95 | 0.45 | 8.94 | 3.97 | 3.67 | 12.46 | 10.02 | 1.81 | 6.98 | 13.31 | 13.90 |
| Expenses | 0.32 | 5.79 | 0.37 | 8.87 | 3.98 | 3.66 | 12.48 | 10.26 | 1.97 | 6.30 | 11.00 | 11.56 |
| Operating Profit | 0.05 | 0.16 | 0.08 | 0.07 | -0.01 | 0.01 | -0.02 | -0.24 | -0.16 | 0.68 | 2.31 | 2.34 |
| OPM % | 13.51% | 2.69% | 17.78% | 0.78% | -0.25% | 0.27% | -0.16% | -2.40% | -8.84% | 9.74% | 17.36% | 16.83% |
| Other Income | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.06 | 0.29 | 0.22 | 5.82 | 0.00 | 0.00 |
| Interest | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.04 | 0.00 |
| Depreciation | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 |
| Profit before tax | 0.06 | 0.17 | 0.09 | 0.09 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 6.47 | 2.27 | 2.34 |
| Tax % | 16.67% | 5.88% | 44.44% | 22.22% | 0.00% | 0.00% | 100.00% | 16.54% | 25.99% | |||
| Net Profit | 0.05 | 0.16 | 0.05 | 0.07 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 5.39 | 1.67 | 1.73 |
| EPS in Rs | 0.04 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.49 | 0.46 | 0.47 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 21.71% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 43% | 29% | 10% | 38% | ||
| Compounded Profit Growth | 42% | % | 451% | -70% | ||
| Stock Price CAGR | % | 105% | 160% | 13% | ||
| Return on Equity | 3% | 4% | 5% | 20% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.48 | 3.48 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 7.25 |
| Reserves | -1.49 | -1.57 | -1.42 | -1.37 | -1.32 | -1.32 | -1.32 | -1.31 | -1.28 | -1.29 | 4.10 | 2.15 |
| Borrowings | 0.59 | 0.00 | 0.00 | 0.39 | 0.34 | 0.15 | 0.35 | 0.43 | 0.43 | 0.61 | 0.00 | 0.04 |
| Other Liabilities | 0.98 | 1.66 | 1.46 | 0.47 | 1.29 | 0.15 | 3.12 | 3.47 | 0.61 | 0.51 | 1.13 | 9.61 |
| Total Liabilities | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.60 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |
| Fixed Assets | 0.35 | 0.33 | 0.31 | 0.33 | 0.31 | 0.30 | 0.29 | 0.27 | 0.35 | 0.39 | 0.02 | 0.02 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 |
| Investments | 0.67 | 0.70 | 0.73 | 0.87 | 0.90 | 0.81 | 0.83 | 0.59 | 0.61 | 0.65 | 0.01 | 0.01 |
| Other Assets | 2.54 | 2.54 | 2.62 | 1.91 | 2.72 | 1.49 | 4.65 | 5.35 | 2.42 | 2.34 | 8.82 | 19.02 |
| Total Assets | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.60 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.03 | 0.09 | 0.10 | 0.28 | 0.04 | -0.13 | 0.01 | -0.02 | -1.49 | -0.36 | -5.41 | -0.35 |
| Cash from Investing Activity | -0.25 | -0.04 | -0.03 | -0.18 | -0.04 | 0.09 | -0.01 | 0.24 | -0.94 | -0.12 | 6.47 | 0.00 |
| Cash from Financing Activity | 0.12 | -0.04 | 0.12 | -0.06 | -0.07 | -0.18 | 0.19 | -0.18 | 2.74 | 0.15 | -0.63 | 0.02 |
| Net Cash Flow | -0.17 | 0.02 | 0.19 | 0.04 | -0.07 | -0.22 | 0.19 | 0.04 | 0.30 | -0.33 | 0.43 | -0.33 |
| Free Cash Flow | -0.03 | 0.09 | 0.10 | 0.28 | 0.04 | -0.13 | 0.00 | 0.22 | -1.85 | -0.48 | 0.40 | -0.35 |
| CFO/OP | 13% | 180% | 69% | 362% | 86% | 1,300% | 100% | 100% | 621% | 225% | -796% | -9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9,125.00 | 601.76 | 37.42 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Inventory Days | 1,095.00 | 260.71 | 2.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Days Payable | 4,197.50 | 2,372.50 | 60.83 | |||||||||
| Cash Conversion Cycle | 6,022.50 | -1,510.03 | -21.29 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Working Capital Days | -3,285.00 | 710.27 | 76.07 | 348.78 | 19.19 | 57.00 | 61.66 | 19.33 | 20.40 | 181.49 | 98.31 | 110.24 |
| ROCE % | 2.67% | 8.76% | 4.13% | 3.41% | 0.39% | 0.78% | 1.11% | 1.45% | 1.40% | 20.83% | 26.92% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 45.67% | 45.67% | 45.67% | 45.67% | 12.34% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% |
| DIIs | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 53.00% | 53.00% | 52.99% | 52.99% | 86.31% | 93.08% | 94.42% | 94.43% | 94.42% | 94.42% | 94.41% | 94.41% |
| No. of Shareholders | 2,947 | 2,954 | 3,039 | 3,082 | 3,153 | 3,370 | 4,283 | 4,485 | 6,555 | 8,000 | 7,669 | 6,940 |
Fundamentals
Market Cap₹ 83.3 Cr.
Current Price₹ 23.0
Stock P/E48.2
Book Value₹ 2.59
ROCE26.9 %
ROE19.5 %
Dividend Yield0.04 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)-70%
Standalone figures.
Valuation
Market capRs 82 Cr
Enterprise valueRs 82 Cr
P/E (TTM)47.22x
Price to book8.69x
Price to sales5.88x
EV / EBITDA34.31x
EV / EBIT34.31x
EV / sales5.88x
Earnings yield2.12%
Dividend yield0.44%
P/E, 3-year average17.34x
P/B, 3-year average2.27x
P/E, 5-year average28.24x
P/B, 5-year average1.43x
Profitability
Operating margin (excl. other income)17.36%
Operating margin (incl. other income)17.36%
EBITDA margin17.12%
Pre-tax margin16.83%
Net profit margin12.45%
Net margin, latest quarter12.20%
ROE19.51%
ROCE26.92%
ROA11.97%
ROE, 3-year average63.39%
ROCE, 3-year average50.03%
ROA, 3-year average49.81%
ROE, 5-year average31.91%
ROCE, 5-year average30.53%
ROA, 5-year average25.00%
ROIC (approx.)18.80%
Tax rate25.99%
Growth
Sales growth (latest year)90.69%
Profit growth (latest year)-69.02%
Sales CAGR, 3 years9.93%
Sales CAGR, 5 years29.39%
Profit CAGR, 3 years450.69%
Sales growth QoQ-1.34%
Profit growth QoQ0.00%
Sales growth YoY (latest quarter)19.03%
Profit growth YoY (latest quarter)12.50%
Per share
EPS (TTM)Rs 0.48
EPS (latest year)Rs 0.46
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 7.67
EPS, 5-year averageRs 3.85
Book value per shareRs 2.59
Sales per shareRs 3.84
Cash flow per shareRs -0.10
Free cash flow per shareRs -0.10
Dividend per share (latest year)Rs 0.10
Dividend per share, 3-year averageRs 0.10
Dividend per share, 5-year averageRs 0.10
Dividends
Dividend payout21.56%
Dividend payout, 3-year average21.56%
Dividend payout, 5-year average21.56%
Efficiency
Asset turnover0.70x
Fixed asset turnover665.50x
Debtor days372 days
Debtors turnover0.98x
Creditor days61 days
Cash conversion cycle372 days
Working capital days110 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.00x
Net debt / EBITDA-0.01x
Interest coverage59.50x
Owners' fund to total sources49.34%
Debt to assets0.21%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -0 Cr
Cash from ops / profit, 5 years-1.08x
Statement figures
Net sales (TTM)Rs 14 Cr
Net sales (latest year)Rs 13 Cr
Sales (latest quarter)Rs 4 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 11 Cr
Total expenditure (latest year)Rs 11 Cr
Total income (latest year)Rs 13 Cr
Share capitalRs 7 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 19 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 14 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)3.62
Ownership
Promoter holding5.58% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 47.2 is at the 52th percentile of its own 3.8-year range
(median 43.5, low 11.7, high 398.5).
P/B 8.69 is at the 66th percentile (median 2.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 517431 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.0% | -2.8% | -1.2 pts |
| 1 month | -5.1% | -6.8% | +1.7 pts |
| 3 months | -7.0% | -7.6% | +0.6 pts |
| 3 years | +1595.5% | +14.2% | +1581.3 pts |
| 5 years | +3537.1% | +27.9% | +3509.2 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -103% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 11% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 367% vs sales +91% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹4 Cr +19.0% vs Jun 2025.
Net profit ₹0 Cr +12.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
| Astral Ltd | 36,939 | 62.4 | 19.2 % |
| Garware Hi Tech Films Ltd | 16,301 | 42.0 | 18.1 % |
| Finolex Industries Ltd | 9,379 | 15.2 | 11.8 % |
| Time Technoplast Ltd | 9,079 | 18.5 | 16.5 % |
| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd (517431) has a market capitalisation of Rs 83.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd trades at a P/E of 48.2 on trailing twelve-month profit, at the 2026-10-01 close.
What were Narmada Macplast Drip Irrigation Systems Ltd's latest quarterly results?
In the Jun 2026 quarter, Narmada Macplast Drip Irrigation Systems Ltd sales was Rs 4 Cr (+19.0% vs Jun 2025) and net profit was Rs 0 Cr.