Price
Financials
Standalone, Rs crore| Mar 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 6 | 14 | 24 | 39 | 112 | 124 | 146 | 50 |
| Expenses | 4 | 11 | 20 | 33 | 100 | 110 | 131 | 47 |
| Operating Profit | 2 | 3 | 4 | 7 | 12 | 15 | 15 | 4 |
| OPM % | 27% | 20% | 19% | 17% | 11% | 12% | 10% | 7% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit before tax | 2 | 3 | 4 | 7 | 12 | 14 | 15 | 3 |
| Tax % | 0% | 10% | 10% | 2% | 4% | 3% | 3% | 3% |
| Net Profit | 2 | 2 | 4 | 6 | 11 | 14 | 15 | 3 |
| EPS in Rs | 2.96 | 4.91 | 8.10 | 14.30 | 17.04 | 18.20 | 3.78 |
| Mar 2021 8m | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 4 | 13 | 29 | 63 | 237 | 197 |
| Expenses | 4 | 10 | 24 | 52 | 210 | 178 |
| Operating Profit | 0 | 3 | 4 | 11 | 27 | 19 |
| OPM % | 1.8% | 25% | 15% | 18% | 11% | 10% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 3 | 4 | 11 | 26 | 18 |
| Tax % | 29% | 25% | 6% | 5% | 3% | 3% |
| Net Profit | 0 | 3 | 4 | 10 | 25 | 18 |
| EPS in Rs | 5.01 | 13.00 | 31.57 | 21.99 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 120% | 90% | -17% | ||
| Compounded Profit Growth | % | 223% | 64% | -30% | ||
| Stock Price CAGR | % | % | -46% | -86% | ||
| Return on Equity | % | 25% | 24% | 15% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 6 | 6 | 8 | 8 |
| Reserves | 0 | 3 | 21 | 31 | 102 | 120 |
| Borrowings | 1 | 1 | 1 | 1 | 0 | 0 |
| Other Liabilities | 1 | 2 | 2 | 6 | 3 | 2 |
| Total Liabilities | 2 | 6 | 30 | 44 | 113 | 129 |
| Fixed Assets | 0 | 0 | 1 | 0 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 6 | 29 | 44 | 111 | 128 |
| Total Assets | 2 | 6 | 30 | 44 | 113 | 129 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | 0 | 0 | 4 | -32 | -24 |
| Cash from Investing Activity | 0 | -0 | -21 | -2 | 10 | 0 |
| Cash from Financing Activity | 1 | 0 | 20 | -1 | 46 | -1 |
| Net Cash Flow | 1 | 0 | -1 | 1 | 24 | -25 |
| Free Cash Flow | -0 | 0 | -1 | 4 | -33 | -25 |
| CFO/OP | -357% | 25% | 2% | 36% | -119% | -130% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 58 | 114 | 52 | 67 | 58 | 129 |
| Inventory Days | 21 | 25 | 76 | 61 | ||
| Days Payable | 40 | 38 | 6 | 39 | ||
| Cash Conversion Cycle | 39 | 101 | 121 | 89 | 58 | 129 |
| Working Capital Days | 32 | 76 | 87 | 76 | 110 | 213 |
| ROCE % | 133% | 27% | 34% | 35% | 15% |
| Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 65.59% | 66.05% | 66.05% | 66.05% | 57.81% | 57.96% | 44.34% | 44.34% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.04% | 0.02% | 0.02% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 0.00% |
| Public | 34.41% | 33.95% | 33.95% | 33.95% | 42.16% | 42.00% | 54.34% | 55.65% |
| No. of Shareholders | 464 | 639 | 752 | 1,281 | 2,231 | 2,895 | 4,017 | 4,212 |
Fundamentals
Market Cap₹ 20.8 Cr.
Current Price₹ 26.0
Stock P/E1.19
Book Value₹ 159
ROCE15.2 %
ROE14.8 %
Dividend Yield7.69 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-17%
Compounded Profit Growth (TTM)-30%
Standalone figures.
Valuation
Market capRs 20 Cr
Enterprise valueRs 21 Cr
P/E (TTM)7.96x
Price to book7.72x
Price to sales1.51x
EV / EBITDA6.11x
EV / EBIT6.11x
EV / sales1.55x
Price to cash flow2038.94x
Earnings yield12.56%
Profitability
Operating margin (excl. other income)25.35%
Operating margin (incl. other income)25.35%
EBITDA margin25.35%
Pre-tax margin25.35%
Net profit margin18.98%
ROE189.63%
ROCE133.33%
ROA67.37%
ROIC (approx.)81.27%
Tax rate25.15%
Growth
Sales growth (latest year)253.14%
Profit growth (latest year)5020.00%
Per share
EPS (TTM)Rs 3.20
EPS (latest year)Rs 2,560.00
Book value per shareRs 3.30
Sales per shareRs 16.84
Cash flow per shareRs 0.01
Free cash flow per shareRs -31.20
Efficiency
Asset turnover2.26x
Fixed asset turnover1349.00x
Inventory turnover14.78x
Inventory days25 days
Debtor days114 days
Debtors turnover3.19x
Creditor days39 days
Cash conversion cycle129 days
Working capital days213 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs 1 Cr
Debt to equity0.55x
Net debt / EBITDA0.15x
Owners' fund to total sources44.30%
Debt to assets24.16%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing 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 -25 Cr
FCFE (approx.: FCF + change in debt)Rs -25 Cr
Cash from ops / profit, 5 years-0.87x
Sales to cash flow1349.00x
Statement figures
Net sales (TTM)Rs 13 Cr
Net sales (latest year)Rs 13 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 10 Cr
Total income (latest year)Rs 13 Cr
Share capitalRs 0 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 6 Cr
Net blockRs 0 Cr
ReceivablesRs 4 Cr
InventoryRs 1 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.80
Ownership
Promoter holding44.34% (-21.71 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | NIRMAN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.3% | -2.8% | -1.5 pts |
| 1 month | -10.9% | -6.8% | -4.1 pts |
| 3 months | -42.2% | -7.6% | -34.5 pts |
| 6 months | -35.2% | +0.4% | -35.6 pts |
| 1 year | -87.8% | -9.9% | -77.9 pts |
| 2 years | -92.7% | -13.6% | -79.1 pts |
| 3 years | -86.1% | +14.2% | -100.3 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -10% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 43% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 593% vs sales +253% 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
Mar 2026Sales ₹50 Cr +28.2% vs Mar 2024.
Net profit ₹3 Cr -50.0%.
Against our estimate for Mar 2026: sales -74.8%, profit -86.0% big miss.
Activity
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|---|---|---|---|
| L T Foods Ltd | 13,987 | 21.8 | 17.6 % |
| KRBL Ltd | 8,840 | 11.7 | 15.2 % |
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| TruAlt Bioenergy Ltd | 3,940 | 25.2 | 10.4 % |
| Kaveri Seed Company Ltd | 3,801 | 15.2 | 15.8 % |
| Sanstar Ltd | 2,122 | 48.2 | 5.69 % |
| Amir Chand Jagdish Kumar (Exports) Ltd | 2,091 | 16.9 | 15.7 % |
| GRM Overseas Ltd | 1,632 | 21.3 | 14.0 % |
| AVT Natural Products Ltd | 1,403 | 16.7 | 14.2 % |
| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
| Gulshan Polyols Ltd | 1,027 | 6.96 | 18.6 % |
| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
| True Green Bio Energy Ltd | 622 | 11.6 | 13.8 % |
| Mangalam Global Enterprise Ltd | 533 | 14.4 | 17.0 % |
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.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 300perc in previous 365 DaysHigh low price variation greater than 75perc in previous 3 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Nirman Agri Genetics Ltd?
Nirman Agri Genetics Ltd (NIRMAN) has a market capitalisation of Rs 20.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Nirman Agri Genetics Ltd?
Nirman Agri Genetics Ltd trades at a P/E of 1.19 on trailing twelve-month profit, at the 2026-10-01 close.
What were Nirman Agri Genetics Ltd's latest quarterly results?
In the Mar 2026 quarter, Nirman Agri Genetics Ltd sales was Rs 50 Cr (+28.2% vs Mar 2024) and net profit was Rs 3 Cr.
What is the 52-week high and low of Nirman Agri Genetics Ltd?
The 52-week high is Rs 194.50 and the 52-week low is Rs 25.25.