Narmada Macplast Drip Irrigation Systems
Industrial Products
517431 BSE
₹23.66
Close ·
- P/E
- 47.32
Close 4 Nov 2026 ₹23.66 +0.70 +3.05% 1Y
Start ₹22.96
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 26.90%
- Debt to Equity
- 0.01
- EPS (TTM)
- ₹0.50
- Book Value
- ₹2.86
- Market Cap
- —
- P/E (TTM)
- 47.32
- P/B
- 8.27
- ROE
- 19.50%
- Dividend Yield
- 0.42%
- EBITDA
- ₹2.30 Cr
- 52W High
- ₹29.04
- 52W Low
- ₹14.56
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
50 Average
Data confidence 98/100
Category scores
- Quality
- 41
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 25
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 60
- Good
- Sales & profit trajectory 9% weight
- Financial Health
- 85
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 75
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 54
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
5- Stock is trading at 7.69 times its book value
- Promoter holding is low: 5.58%
- Company has a low return on equity of 4.96% over last 3 years.
- Company has high debtors of 372 days.
- Promoter holding has decreased over last 3 years: -40.1%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 1 | 6 | 12 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Strong Bullish
Bearish
1
Neutral
6
Bullish
12
Moving Averages
Strong Bullish
Bearish
0
Neutral
0
Bullish
10
Key readings
- RSI (14)
- 58.89
- Neutral
- MACD (12,26,9)
- 0.02
- Bullish
- SMA (50)
- 23.26
- Bullish
- SMA (200)
- 22.14
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.
Revenue
| 10Y | +43.09% |
|---|---|
| 5Y | +29.39% |
| 3Y | +9.93% |
| 1Y | +90.69% |
| TTM | +14.64% |
Net profit
| 10Y | +42.03% |
|---|---|
| 5Y | Zero base |
| 3Y | +450.69% |
| 1Y | −69.02% |
| TTM | −69.67% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow narrowed by ₹1.14 Cr |
| 1Y | Outflow narrowed by ₹5.06 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +3.85 pp |
|---|---|
| 5Y | +17.09 pp |
| 3Y | +19.76 pp |
| 1Y | +7.62 pp |
| TTM | +3.36 pp |
Revenue by year
| Mar 2017 | ₹5.95 Cr |
|---|---|
| Mar 2018 | ₹0.45 Cr |
| Mar 2019 | ₹8.94 Cr |
| Mar 2020 | ₹3.97 Cr |
| Mar 2021 | ₹3.67 Cr |
| Mar 2022 | ₹12.46 Cr |
| Mar 2023 | ₹10.02 Cr |
| Mar 2024 | ₹1.81 Cr |
| Mar 2025 | ₹6.98 Cr |
| Mar 2026 | ₹13.31 Cr |
Net profit by year
| Mar 2017 | ₹0.16 Cr |
|---|---|
| Mar 2018 | ₹0.05 Cr |
| Mar 2019 | ₹0.07 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹0.01 Cr |
| Mar 2023 | ₹0.01 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹5.39 Cr |
| Mar 2026 | ₹1.67 Cr |
Quarterly Results
₹ Cr| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.06 | 1.42 | 0.34 | 0 | 0.98 | 3.53 | 2.47 | 3.1 | 3.13 | 3.34 | 3.74 | 3.69 | 3.25 |
| Expenses | 0.06 | 1.5 | 0.38 | 0.06 | 0.86 | 3.33 | 2.06 | 2.56 | 2.58 | 2.77 | 3.13 | 3.08 | 2.62 |
| Operating Profit | 0 | −0.08 | −0.04 | −0.06 | 0.12 | 0.2 | 0.41 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 | 0.63 |
| OPM % | 0% | −5.63% | −11.76% | — | 12.24% | 5.67% | 16.6% | 17.42% | 17.57% | 17.07% | 16.31% | 16.53% | 19.38% |
| Other Income | 0.06 | 0.07 | 0.03 | 0.08 | 0.12 | 5.51 | 0.11 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.05 | −0.02 | −0.02 | 0 | 0.23 | 5.71 | 0.52 | 0.54 | 0.55 | 0.57 | 0.61 | 0.61 | 0.63 |
| Tax % | 0% | 0% | 0% | — | 17.39% | 16.64% | 17.31% | 25.93% | 25.45% | 26.32% | 26.23% | 26.23% | 20.63% |
| Net Profit | 0.05 | −0.02 | −0.03 | 0 | 0.19 | 4.76 | 0.43 | 0.4 | 0.41 | 0.42 | 0.45 | 0.45 | 0.5 |
| EPS (₹) | 0.01 | −0.01 | −0.01 | 0 | 0.05 | 1.31 | 0.12 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.14 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.02 | 0.37 | 5.95 | 0.45 | 8.94 | 3.97 | 3.67 | 12.46 | 10.02 | 1.81 | 6.98 | 13.31 | 14.02 |
| Expenses | 0.25 | 0.32 | 5.79 | 0.37 | 8.87 | 3.98 | 3.66 | 12.48 | 10.26 | 1.97 | 6.3 | 11 | 11.6 |
| Operating Profit | −0.23 | 0.05 | 0.16 | 0.08 | 0.07 | −0.01 | 0.01 | −0.02 | −0.24 | −0.16 | 0.68 | 2.31 | 2.42 |
| OPM % | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 13.51% | 2.69% | 17.78% | 0.78% | −0.25% | 0.27% | −0.16% | −2.4% | −8.84% | 9.74% | 17.36% | 17.26% |
| Other Income | 0.34 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.06 | 0.29 | 0.22 | 5.82 | 0 | 0 |
| Interest | 0 | 0 | 0.01 | 0.01 | 0 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.04 | 0 |
| Depreciation | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0 | 0 |
| PBT | 0.08 | 0.06 | 0.17 | 0.09 | 0.09 | 0 | 0 | 0.01 | 0.01 | 0.01 | 6.47 | 2.27 | 2.42 |
| Tax % | 0% | 16.67% | 5.88% | 44.44% | 22.22% | — | — | 0% | 0% | 100% | 16.54% | 25.99% | — |
| Net Profit | 0.08 | 0.05 | 0.16 | 0.05 | 0.07 | 0 | 0 | 0.01 | 0.01 | 0 | 5.39 | 1.67 | 1.82 |
| EPS (₹) | — | — | 0.04 | 0.01 | 0.02 | 0 | 0 | 0 | 0 | 0 | 1.49 | 0.46 | 0.5 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | — | — | 0% | 0% | — | 0% | 21.71% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 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 | 7.25 |
| Reserves | −1.49 | −1.57 | −1.42 | −1.37 | −1.32 | −1.32 | −1.32 | −1.31 | −1.28 | −1.29 | 4.1 | 2.15 | 3.11 |
| Borrowings | 0.59 | 0 | 0 | 0.39 | 0.34 | 0.15 | 0.35 | 0.43 | 0.43 | 0.61 | 0 | 0.04 | 0.07 |
| 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 | 7.57 |
| Total Liabilities | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.6 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 | 18 |
| Fixed Assets | 0.35 | 0.33 | 0.31 | 0.33 | 0.31 | 0.3 | 0.29 | 0.27 | 0.35 | 0.39 | 0.02 | 0.02 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0 | 0 | 0 |
| Investments | 0.67 | 0.7 | 0.73 | 0.87 | 0.9 | 0.81 | 0.83 | 0.59 | 0.61 | 0.65 | 0.01 | 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 | 17.98 |
| Total Assets | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.6 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 | 18 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −0.03 | 0.09 | 0.1 | 0.28 | 0.04 | −0.13 | 0.01 | −0.02 | −1.49 | −0.36 | −5.41 | −0.35 |
| Investing | −0.25 | −0.04 | −0.03 | −0.18 | −0.04 | 0.09 | −0.01 | 0.24 | −0.94 | −0.12 | 6.47 | 0 |
| Financing | 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 | 0.3 | −0.33 | 0.43 | −0.33 |
| Free Cash Flow | −0.03 | 0.09 | 0.1 | 0.28 | 0.04 | −0.13 | 0 | 0.22 | −1.85 | −0.48 | 0.4 | −0.35 |
| CFO/EBITDA | 13 | 180 | 69 | 362 | 86 | 1,300 | 100 | 100 | 621 | 225 | −796 | −9 |
Ratios
| Particulars | 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 | 602 | 37.42 | 641 | 67.77 | 60.68 | 363 | 119 | 40.43 | 278 | 152 | 372 |
| Inventory Days | 1,095 | 261 | 2.12 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 4,198 | 2,373 | 60.83 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 6,023 | −1,510 | −21.29 | 641 | 67.77 | 60.68 | 363 | 119 | 40.43 | 278 | 152 | 372 |
| Working Capital Days | −3,285 | 710 | 76.07 | 349 | 19.19 | 57 | 61.66 | 19.33 | 20.4 | 181 | 98.31 | 110 |
| ROCE % | — | 2.67% | 8.76% | 4.13% | 3.41% | 0.39% | 0.78% | 1.11% | 1.45% | 1.4% | 20.83% | 26.92% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Narmada Macplast Drip Irrigation Systems insights
60 extracted metrics across FY00–FY27.
Documents
- 30 May 2026
- 13 Feb 2026
- 13 Aug 2025
- 29 Apr 2025
- General announcements 15 Oct 2026
Frequently Asked Questions about Narmada Macplast Drip Irrigation Systems
What does Narmada Macplast Drip Irrigation Systems Ltd do?
Incorporated in 1992, Narmada Macplast Drip Irrigation Systems Ltd is in business of drip irrigation system
Where is Narmada Macplast Drip Irrigation Systems Ltd (NARMP) listed?
Narmada Macplast Drip Irrigation Systems Ltd trades under code 517431 on the BSE.
Which sector does Narmada Macplast Drip Irrigation Systems Ltd belong to?
Narmada Macplast Drip Irrigation Systems Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd trades at a PE ratio of 47.32 as of 4 Nov 2026, on earnings per share of ₹0.5, against a book value of ₹2.86 per share.
What is the 52-week high and low of Narmada Macplast Drip Irrigation Systems Ltd?
Over the last 52 weeks Narmada Macplast Drip Irrigation Systems Ltd has traded between ₹14.56 and ₹29.04 as of 4 Nov 2026.
Does Narmada Macplast Drip Irrigation Systems Ltd pay dividends?
Narmada Macplast Drip Irrigation Systems Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd reported a return on equity of 19.50%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 1992, Narmada Macplast Drip Irrigation Systems Ltd is in business of drip irrigation system
Website narmadadrip.com
Face Value ₹2
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