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 | 11.41 | 12.22 | 18.75 | 12.26 | 10.28 | 13.84 | 29.30 | 11.08 | 11.95 | 21.35 | 34.00 | 22.26 |
| Expenses | 10.94 | 11.77 | 17.60 | 10.68 | 8.21 | 12.50 | 28.71 | 9.76 | 10.65 | 19.97 | 33.02 | 21.31 |
| Operating Profit | 0.47 | 0.45 | 1.15 | 1.58 | 2.07 | 1.34 | 0.59 | 1.32 | 1.30 | 1.38 | 0.98 | 0.95 |
| OPM % | 4.12% | 3.68% | 6.13% | 12.89% | 20.14% | 9.68% | 2.01% | 11.91% | 10.88% | 6.46% | 2.88% | 4.27% |
| Other Income | 0.03 | 0.02 | 0.00 | 0.01 | 0.01 | 0.32 | 0.32 | 0.33 | 0.33 | 0.29 | 0.32 | 0.28 |
| Interest | 0.23 | 0.23 | 0.26 | 0.24 | 0.24 | 0.21 | 0.16 | 0.24 | 0.20 | 0.20 | 0.18 | 0.17 |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 |
| Profit before tax | 0.20 | 0.17 | 0.82 | 1.29 | 1.78 | 1.39 | 0.69 | 1.36 | 1.38 | 1.41 | 1.06 | 1.01 |
| Tax % | 15.00% | 23.53% | 25.61% | 21.71% | 26.97% | 28.06% | -13.04% | 25.00% | 25.36% | 28.37% | 24.53% | 24.75% |
| Net Profit | 0.17 | 0.13 | 0.61 | 1.02 | 1.29 | 1.00 | 0.78 | 1.02 | 1.03 | 1.01 | 0.80 | 0.75 |
| EPS in Rs | 0.02 | 0.02 | 0.08 | 0.13 | 0.17 | 0.13 | 0.10 | 0.13 | 0.14 | 0.13 | 0.11 | 0.10 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30.53 | 34.45 | 37.00 | 47.50 | 61.46 | 58.14 | 34.61 | 49.48 | 49.74 | 64.68 | 77.56 | 89.56 |
| Expenses | 29.35 | 33.02 | 35.43 | 45.87 | 59.00 | 55.90 | 32.61 | 47.46 | 47.22 | 59.10 | 72.58 | 84.95 |
| Operating Profit | 1.18 | 1.43 | 1.57 | 1.63 | 2.46 | 2.24 | 2.00 | 2.02 | 2.52 | 5.58 | 4.98 | 4.61 |
| OPM % | 3.87% | 4.15% | 4.24% | 3.43% | 4.00% | 3.85% | 5.78% | 4.08% | 5.07% | 8.63% | 6.42% | 5.15% |
| Other Income | 0.02 | 0.02 | 0.07 | 0.28 | 0.03 | 0.04 | 0.06 | 0.05 | 0.07 | 0.66 | 1.27 | 1.22 |
| Interest | 0.70 | 0.75 | 0.82 | 0.70 | 1.03 | 0.85 | 0.82 | 0.86 | 0.96 | 0.84 | 0.82 | 0.75 |
| Depreciation | 0.27 | 0.30 | 0.28 | 0.54 | 0.40 | 0.42 | 0.37 | 0.32 | 0.28 | 0.24 | 0.22 | 0.22 |
| Profit before tax | 0.23 | 0.40 | 0.54 | 0.67 | 1.06 | 1.01 | 0.87 | 0.89 | 1.35 | 5.16 | 5.21 | 4.86 |
| Tax % | 21.74% | 25.00% | 25.93% | 25.37% | 25.47% | 32.67% | 31.03% | 26.97% | 24.44% | 20.74% | 25.91% | |
| Net Profit | 0.19 | 0.30 | 0.40 | 0.50 | 0.79 | 0.68 | 0.61 | 0.65 | 1.02 | 4.09 | 3.86 | 3.59 |
| EPS in Rs | 0.10 | 0.16 | 0.08 | 0.07 | 0.10 | 0.09 | 0.08 | 0.09 | 0.13 | 0.54 | 0.51 | 0.48 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 15.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 10% | 6% | 16% | 39% | ||
| Compounded Profit Growth | 35% | 40% | 81% | -12% | ||
| Stock Price CAGR | % | 21% | 21% | 3% | ||
| Return on Equity | 7% | 7% | 8% | 7% |
| 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 | 1.25 | 1.83 | 1.83 | 5.19 | 7.53 | 13.55 | 13.55 | 13.55 | 13.55 | 13.55 | 37.94 | 37.94 |
| Reserves | 0.11 | 0.30 | 0.64 | 0.42 | 6.04 | 0.71 | 1.39 | 1.68 | 2.33 | 3.35 | 17.93 | 21.40 |
| Borrowings | 6.71 | 7.93 | 10.22 | 7.39 | 9.13 | 8.44 | 8.69 | 9.72 | 10.07 | 9.68 | 9.47 | 10.10 |
| Other Liabilities | 0.89 | 0.67 | 0.98 | 1.44 | 0.88 | 1.57 | 3.29 | 1.55 | 1.37 | 1.38 | 1.12 | 2.81 |
| Total Liabilities | 8.96 | 10.73 | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.50 | 27.32 | 27.96 | 66.46 | 72.25 |
| Fixed Assets | 2.38 | 2.71 | 2.66 | 2.74 | 4.66 | 3.89 | 3.50 | 3.75 | 3.44 | 3.18 | 2.97 | 2.91 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Investments | 0.21 | 0.21 | 0.43 | 0.47 | 0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.70 |
| Other Assets | 6.37 | 7.81 | 10.58 | 11.23 | 18.31 | 20.38 | 23.42 | 22.75 | 23.88 | 24.78 | 63.47 | 67.64 |
| Total Assets | 8.96 | 10.73 | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.50 | 27.32 | 27.96 | 66.46 | 72.25 |
| 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 | -1.25 | 1.21 | -5.10 | 0.49 | 0.30 | -0.08 | 0.05 | 0.93 | -15.93 | -1.30 | ||
| Cash from Investing Activity | -0.44 | -0.34 | -2.32 | 0.46 | 0.04 | 0.06 | 0.37 | 0.35 | -3.58 | -2.95 | ||
| Cash from Financing Activity | 1.52 | -0.82 | 8.52 | -1.94 | -0.40 | 0.22 | -0.52 | -1.35 | 33.83 | -0.18 | ||
| Net Cash Flow | -0.17 | 0.05 | 1.11 | -1.00 | -0.07 | 0.20 | -0.10 | -0.07 | 14.32 | -4.43 | ||
| Free Cash Flow | -1.49 | 0.84 | -7.56 | 0.36 | 0.26 | -0.08 | 0.05 | 0.92 | -15.98 | -1.45 | ||
| CFO/OP | -83% | 86% | -299% | 24% | 28% | 14% | 14% | 45% | -271% | -8% |
| 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 | 30.07 | 26.66 | 31.89 | 31.07 | 58.02 | 67.41 | 101.83 | 151.97 | 97.52 | 97.74 | 107.56 | 166.45 |
| Inventory Days | 73.60 | 54.43 | 70.88 | 75.62 | 70.33 | 37.81 | 28.83 | 77.66 | 75.95 | 84.67 | 154.49 | 75.38 |
| Days Payable | 10.54 | 6.97 | 8.63 | 11.98 | 3.54 | 4.02 | 15.92 | 10.03 | 7.25 | 6.35 | 1.38 | 6.63 |
| Cash Conversion Cycle | 93.13 | 74.11 | 94.14 | 94.71 | 124.80 | 101.19 | 114.74 | 219.59 | 166.22 | 176.06 | 260.66 | 235.21 |
| Working Capital Days | 21.27 | 25.70 | 26.81 | 25.35 | 59.01 | 53.09 | 64.10 | 104.62 | 87.34 | 94.00 | 194.58 | 180.15 |
| ROCE % | 10.26% | 10.11% | 10.59% | 7.68% | 9.21% | 8.20% | 6.96% | 6.88% | 8.79% | 13.05% | 8.95% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jul 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 63.94% | 63.57% | 57.66% | 57.66% | 49.11% | 49.11% | 50.30% | 50.30% | 50.30% | 50.30% | 50.30% | 50.30% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.54% | 0.31% | 0.11% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 7.91% | 8.96% | 8.96% | 8.96% | 8.96% | 8.96% | 7.07% | 6.50% |
| Public | 36.07% | 36.43% | 42.33% | 42.34% | 42.98% | 41.93% | 40.74% | 40.74% | 40.71% | 40.20% | 42.34% | 43.11% |
| No. of Shareholders | 4,601 | 7,009 | 7,091 | 9,488 | 12,001 | 11,855 | 11,531 | 11,308 | 10,879 | 10,136 | 18,203 | 26,046 |
Fundamentals
Market Cap₹ 97.2 Cr.
Current Price₹ 12.8
Stock P/E27.1
Book Value₹ 7.82
ROCE8.95 %
ROE6.70 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)39%
Compounded Profit Growth (TTM)-12%
Standalone figures.
Valuation
Market capRs 47 Cr
Enterprise valueRs 46 Cr
P/E (TTM)13.01x
Price to book0.79x
Price to sales0.52x
EV / EBITDA7.96x
EV / EBIT8.28x
EV / sales0.52x
Earnings yield7.69%
P/E, 3-year average10.89x
P/B, 3-year average0.71x
P/E, 5-year average13.51x
P/B, 5-year average0.71x
Profitability
Operating margin (excl. other income)6.42%
Operating margin (incl. other income)8.06%
EBITDA margin6.51%
Pre-tax margin5.43%
Net profit margin4.01%
Net margin, latest quarter3.37%
ROE6.70%
ROCE8.95%
ROA5.57%
ROE, 3-year average8.05%
ROCE, 3-year average10.27%
ROA, 3-year average5.97%
ROE, 5-year average6.48%
ROCE, 5-year average8.93%
ROA, 5-year average4.52%
ROIC (approx.)7.04%
Tax rate25.91%
Other income / net worth2.14%
Growth
Sales growth (latest year)19.91%
Profit growth (latest year)-5.62%
Sales CAGR, 3 years16.16%
Sales CAGR, 5 years5.93%
Profit CAGR, 3 years81.09%
Profit CAGR, 5 years41.52%
Sales growth QoQ-34.53%
Profit growth QoQ-6.25%
Sales growth YoY (latest quarter)100.90%
Profit growth YoY (latest quarter)-26.47%
Per share
EPS (TTM)Rs 0.95
EPS (latest year)Rs 1.02
EPS (latest quarter)Rs 0.20
EPS, 3-year averageRs 0.95
EPS, 5-year averageRs 0.76
Book value per shareRs 15.64
Sales per shareRs 23.61
Cash flow per shareRs -0.34
Free cash flow per shareRs -0.38
Efficiency
Asset turnover1.07x
Fixed asset turnover26.65x
Inventory turnover4.89x
Inventory days75 days
Debtor days166 days
Debtors turnover2.19x
Creditor days7 days
Cash conversion cycle235 days
Working capital days180 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 10 Cr
Net debtRs -0 Cr
Debt to equity0.17x
Net debt / EBITDA-0.05x
Interest coverage7.48x
Owners' fund to total sources82.13%
Debt to assets13.98%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-1.60x
Statement figures
Net sales (TTM)Rs 90 Cr
Net sales (latest year)Rs 78 Cr
Sales (latest quarter)Rs 22 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 69 Cr
Total expenditure (latest year)Rs 73 Cr
Total income (latest year)Rs 79 Cr
Share capitalRs 38 Cr
ReservesRs 21 Cr
Shareholders' fundsRs 59 Cr
Total assetsRs 72 Cr
Net blockRs 3 Cr
InvestmentsRs 2 Cr
ReceivablesRs 35 Cr
InventoryRs 14 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)3.79
Ownership
Promoter holding50.30% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 13.0 is at the 11th percentile of its own 8.4-year range
(median 52.7, low 7.5, high 203.6).
P/B 0.79 is at the 4th percentile (median 2.31).
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 | NARMADA | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.0% | -2.8% | -4.2 pts |
| 1 month | -11.1% | -6.8% | -4.3 pts |
| 3 months | -32.3% | -7.6% | -24.6 pts |
| 6 months | -18.7% | +0.4% | -19.1 pts |
| 1 year | +7.0% | -9.9% | +16.9 pts |
| 2 years | +30.3% | -13.6% | +43.8 pts |
| 3 years | +27.6% | +14.2% | +13.4 pts |
| 5 years | +82.4% | +27.9% | +54.5 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -182% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew 86% vs sales +20% 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 ₹22 Cr +100.9% vs Jun 2025.
Net profit ₹1 Cr -26.5%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Godrej Agrovet Ltd | 12,155 | 25.9 | 19.2 % |
| Avanti Feeds Ltd | 10,184 | 18.9 | 24.4 % |
| Mukka Proteins Ltd | 783 | 11.3 | 11.6 % |
| KSE Ltd | 570 | 12.4 | 33.6 % |
| Shivam Chemicals Ltd | 212 | 35.5 | 16.6 % |
| Mayank Cattle Food Ltd | 114 | 19.0 | 15.8 % |
| Ajooni Biotech Ltd | 54 | 13.7 | 6.11 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-31 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share | 0.5000 |
| 2024-09-13 | Rights 9:5 @ Premium Rs 5/- |
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.
High low price variation greater than 75perc in previous 3 months
Quick answers
What is the market cap of Narmada Agrobase Ltd?
Narmada Agrobase Ltd (NARMADA) has a market capitalisation of Rs 97.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Narmada Agrobase Ltd?
Narmada Agrobase Ltd trades at a P/E of 27.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Narmada Agrobase Ltd's latest quarterly results?
In the Jun 2026 quarter, Narmada Agrobase Ltd sales was Rs 22 Cr (+100.9% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Narmada Agrobase Ltd?
The 52-week high is Rs 22.59 and the 52-week low is Rs 9.95.