Narmada Agrobase Ltd
NSE: NARMADA BSE: 543643Agri
Narmada Agrobase Ltd (NARMADA) is a Agri company listed on NSE: NARMADA | BSE: 543643. With a market cap of ₹132 Cr and ROCE of 13%, ROE of 11.2%, it operates in the Indian Agri sector.
₹34.9
52W: ₹15.6 — ₹38.9
PE 34.4 · Book ₹15.3 · +128% vs bookMarket Cap₹132 Cr
Stock P/E34.4Price to Earnings
ROCE13%Return on Capital
ROE11.2%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is expected to give good quarter
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 8.43% over last 3 years.
- −Promoter holding has decreased over last 3 years: -16.2%
- −Working capital days have increased from 125 days to 195 days
Shareholding Pattern
Promoters50.3%
FIIs0.54%
DIIs8.96%
Public40.2%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 57.66% | 57.66% | 49.11%▼8.5 | 49.11% | 50.3%▲1.2 | 50.3% | 50.3% | 50.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.03%▲0.0 | 0.54%▲0.5 |
| DIIs | 0% | 0% | 7.91%▲7.9 | 8.96%▲1.1 | 8.96% | 8.96% | 8.96% | 8.96% |
| Public | 42.33% | 42.34%▲0.0 | 42.98%▲0.6 | 41.93%▼1.0 | 40.74%▼1.2 | 40.74% | 40.71%▼0.0 | 40.2%▼0.5 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11.41 | 12.22 | 18.75 | 12.26 | 10.28 | 13.84 | 29.3 | 11.08 | 11.95 | 21.35 |
| Expenses | 10.94 | 11.77 | 17.6 | 10.68 | 8.21 | 12.5 | 28.71 | 9.76 | 10.65 | 19.97 |
| Operating Profit | 0.47 | 0.45 | 1.15 | 1.58 | 2.07 | 1.34 | 0.59 | 1.32 | 1.3 | 1.38 |
| OPM % | 4.12% | 3.68% | 6.13% | 12.89% | 20.14% | 9.68% | 2.01% | 11.91% | 10.88% | 6.46% |
| Net Profit | 0.17 | 0.13 | 0.61 | 1.02 | 1.29 | 1 | 0.78 | 1.02 | 1.03 | 1.01 |
| EPS ₹ | 0.04 | 0.03 | 0.16 | 0.27 | 0.34 | 0.26 | 0.21 | 0.27 | 0.27 | 0.27 |
AI Insights
Revenue Trend
TTM revenue at ₹73.68Cr, up 13.9% YoY. OPM at 6.23%.
Debt Position
Borrowings at ₹10.53Cr. Debt-to-equity ratio: 0.53x. Moderate leverage.
Institutional Flow
DIIs: 8.96% (+8.96pp change). FIIs: 0.54% (+0.54pp change). Promoters hold 50.3%.
Margin & Efficiency
ROCE improving from 0% (Mar 2015) to 13.05% (Mar 2025). Working capital days: 194.58.
Valuation
PE 34.4x with 13% ROCE. Price is 128% above book value of ₹15.3. Dividend yield: 0%.
Recent Announcements
- INTIMATION UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015- INCORPORATION OF WHOLLY OWNED SUBSIDIARY COMPANY 7 May - Narmada Agrobase incorporated wholly owned subsidiary Narmada Bio Feed Private Limited on May 6, 2026.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 29 Apr - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 10.09 crore as of 31 March 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - 29 Apr 2026 disclosure: Narmada Agrobase says it is not a Large Corporate; borrowing was Rs. 10.09 crore.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Filed Regulation 74(5) certificate for quarter ended March 31, 2026.
- DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 - RECEIPT OF ADMINISTRATIVE WARNING LETTER 2 Apr - SEBI issued warning letter for delayed update of materiality policy under LODR.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse