---
title: "Narbada Gems & Jewellery Ltd (519455) — Share Price, Financials & Analysis"
symbol: "519455"
company: "Narbada Gems & Jewellery Ltd"
canonical: "https://tapetide.com/stocks/519455"
isin: "INE540C01021"
nse_symbol: "NARBADAGEMSANDJEWELLERYLTD"
bse_code: "519455"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
market_cap_cr: 121.1
generated_at: "2026-09-13T18:46:27.264Z"
---

# Narbada Gems & Jewellery Ltd (519455)

Canonical page: https://tapetide.com/stocks/519455

## Company

- **NSE Symbol:** NARBADAGEMSANDJEWELLERYLTD
- **BSE Code:** 519455
- **ISIN:** INE540C01021
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** narbadajewellery.com

## About

Incorporated in 1992, Narbada Gems and Jewellery Ltd manufactures and trades in Gold, Color Stones and Diamond jewellery with emphasis on rose cut and flat diamond jewellery[1]

## Latest Price

## Key Fundamentals

Observed at 2026-02-26T10:32:36.675984Z.

- **Market Cap:** ₹121.1 Cr
- **Classification:** Microcap
- **P/E (reported):** 15.8
- **EPS (TTM):** ₹3.75
- **Book Value:** ₹28.28
- **Price to Book:** 2.09
- **Dividend Yield:** 0%
- **ROE:** 8.96%
- **ROCE:** 16.41%
- **Debt to Equity:** 0.51

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.03% over past five years.
- Company has a low return on equity of 9.63% over last 3 years.
- Debtor days have increased from 66.6 to 87.7 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 349% | 13% | 15% |
| revenue growth | 18.07% | 12% | 9% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19.02 | 23.25 | 20.39 | 31.52 | 9.17 | 23.4 | 18.65 | 21.51 | 21.82 | 20.74 | 26.3 | 22.37 |
| Expenses | 19.23 | 19.49 | 19.17 | 25.24 | 11.72 | 19.27 | 17.93 | 18.85 | 19.96 | 16.81 | 21.56 | 19.22 |
| Operating Profit | -0.21 | 3.76 | 1.22 | 6.28 | -2.55 | 4.13 | 0.72 | 2.66 | 1.86 | 3.93 | 4.74 | 3.15 |
| OPM % | -1.1 | 16.17 | 5.98 | 19.92 | -27.81 | 17.65 | 3.86 | 12.37 | 8.52 | 18.95 | 18.02 | 14.08 |
| Other Income | 0.15 | 0.12 | -0.03 | 0.1 | 0.12 | 0.04 | 0.13 | 0.09 | -0.01 | -0.11 | 0.03 | 0.18 |
| Interest | 0.57 | 0.42 | 0.39 | 0.49 | 0.46 | 0.62 | 0.59 | 0.62 | 0.54 | 0.55 | 0.6 | 0.67 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.12 | 0.14 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 |
| Profit before tax | -0.68 | 3.41 | 0.75 | 5.77 | -3.03 | 3.41 | 0.11 | 1.97 | 1.15 | 3.11 | 4.01 | 2.5 |
| Tax % | -32.35 | 25.22 | 25.33 | 25.13 | -23.1 | 24.93 | 27.27 | 25.38 | 32.17 | 25.08 | 25.44 | 26.8 |
| Net Profit | -0.46 | 2.55 | 0.56 | 4.32 | -2.34 | 2.56 | 0.07 | 1.48 | 0.78 | 2.33 | 3 | 1.83 |
| EPS in Rs | -0.22 | 1.2 | 0.26 | 2.04 | -1.1 | 1.21 | 0.03 | 0.7 | 0.37 | 1.1 | 1.42 | 0.86 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.58 | 26.27 | 40.57 | 55.43 | 38 | 60.63 | 93.05 | 84.32 | 85.39 | 91.23 |
| Expenses | 11.22 | 24.58 | 38.32 | 51.33 | 34.7 | 55.45 | 87.34 | 75.42 | 75.92 | 77.55 |
| Operating Profit | 0.36 | 1.69 | 2.25 | 4.1 | 3.3 | 5.18 | 5.71 | 8.9 | 9.47 | 13.68 |
| OPM % | 3.11 | 6.43 | 5.55 | 7.4 | 8.68 | 8.54 | 6.14 | 10.56 | 11.09 | 15 |
| Other Income | 0 | 0 | 0.13 | 0.08 | 0.23 | 0.31 | 0.51 | 0.11 | 0.14 | 0.09 |
| Interest | 0 | 0.09 | 0.3 | 0.76 | 0.62 | 0.7 | 1.31 | 1.76 | 2.37 | 2.36 |
| Depreciation | 0.02 | 0.02 | 0.07 | 0.15 | 0.15 | 0.16 | 0.21 | 0.37 | 0.61 | 0.64 |
| Profit before tax | 0.34 | 1.58 | 2.01 | 3.27 | 2.76 | 4.63 | 4.7 | 6.88 | 6.63 | 10.77 |
| Tax % | 32.35 | 28.48 | 27.86 | 25.69 | 26.09 | 25.49 | 24.26 | 26.02 | 26.4 | — |
| Net Profit | 0.24 | 1.13 | 1.44 | 2.43 | 2.03 | 3.46 | 3.55 | 5.08 | 4.89 | 7.94 |
| EPS in Rs | 0.8 | 1.41 | 1.45 | 2.01 | 1.34 | 1.95 | 1.67 | 2.4 | 2.31 | 3.75 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2.99 | 8.04 | 9.97 | 12.08 | 15.21 | 17.7 | 21.18 | 21.18 | 21.18 | 21.18 |
| Reserves | 0.68 | 4.33 | 5.66 | 7.96 | 14.71 | 18.86 | 23.37 | 28.45 | 33.35 | 38.68 |
| Borrowings | 0 | 1.49 | 8.74 | 10.01 | 10.91 | 12.85 | 29.51 | 24.5 | 27.77 | 28.57 |
| Other Liabilities | 0.38 | 2.01 | 1.11 | 1.59 | 0.57 | 4.72 | 8.12 | 3.03 | 9.54 | 8.24 |
| Total Liabilities | 4.05 | 15.87 | 25.48 | 31.64 | 41.4 | 54.13 | 82.18 | 77.16 | 91.84 | 96.67 |
| Fixed Assets | 0.06 | 0.1 | 1.04 | 0.94 | 0.83 | 1.18 | 1.31 | 4.25 | 4.36 | 4.11 |
| CWIP | 0 | 0 | 0 | 0 | 0.14 | 0.55 | 2.24 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0.29 | 0.46 | 0.57 | 0.36 | 0.36 | 0.36 |
| Other Assets | 3.99 | 15.77 | 24.44 | 30.7 | 40.14 | 51.94 | 78.06 | 72.55 | 87.12 | 92.2 |
| Total Assets | 4.05 | 15.87 | 25.48 | 31.64 | 41.4 | 54.13 | 82.18 | 77.16 | 91.84 | 96.67 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.14 | -0.05 | -8.88 | -7.76 | -2.5 | -7.11 | -4.53 | -14.94 | 4.92 | -0.1 |
| Cash from Investing Activity | 0 | 0 | -0.05 | -1.02 | -0.05 | -0.15 | -0.75 | -1.84 | -1.09 | -0.52 |
| Cash from Financing Activity | 0 | 0 | 8.97 | 8.81 | 2.5 | 8.13 | 4.43 | 19.81 | -6.77 | 0.9 |
| Net Cash Flow | -0.14 | -0.05 | 0.04 | 0.03 | -0.04 | 0.87 | -0.85 | 3.02 | -2.93 | 0.28 |
| Free Cash Flow | -0.14 | -0.05 | -8.93 | -8.78 | -2.55 | -7.29 | -5.45 | -16.95 | 3.85 | -0.82 |
| CFO/OP | 1 | 28 | -504 | -319 | -41 | -193 | -71 | -236 | 68 | 18 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 101.27 | 105.28 | 130.61 | 78.45 | 83.96 | 144.85 | 73.26 | 79.98 | 32.03 | 87.71 |
| Inventory Days | 40.87 | 21 | 96.51 | 147.68 | 126.77 | 261.6 | 266.08 | 232.6 | 332.65 | 342.46 |
| Days Payable | 48.79 | 9.45 | 27.55 | 8.49 | 9.81 | 2.78 | 27.64 | 33.29 | 4.32 | 32.76 |
| Cash Conversion Cycle | 93.34 | 116.82 | 199.56 | 217.64 | 200.91 | 403.67 | 311.7 | 279.3 | 360.36 | 397.41 |
| Working Capital Days | 90.42 | 112.53 | 168.26 | 133.6 | 125.97 | 283.07 | 213.05 | 148.79 | 190.38 | 207.31 |
| ROCE % | 20.72 | 9.56 | 19.05 | 12.08 | 14.81 | 9.54 | 11.48 | 9.61 | 11.78 | 11.4 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.72% | 24.72% | 24.72% | 24.72% | 24.66% | 24.59% | 24.59% | 24.57% | 22.23% | 21.75% | 21.84% | 21.84% |
| Others | 0.3% | 0.3% | 0.29% | 0.3% | 0.36% | 0.42% | 0.42% | 0.44% | 2.79% | 3.26% | 3.18% | 3.17% |
| No. of Shareholders | 5689 | 5639 | 5630 | 5737 | 6218 | 6244 | 7005 | 7152 | 7074 | 7019 | 6796 | 6644 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 81.42 | Buy |
| EMA (10) | 83.06 | Buy |
| SMA (20) | 70.15 | Buy |
| EMA (20) | 75.15 | Buy |
| SMA (50) | 64.64 | Buy |
| EMA (50) | 68.5 | Buy |
| SMA (100) | 67.42 | Buy |
| EMA (100) | 66.68 | Buy |
| SMA (200) | 63.65 | Buy |
| EMA (200) | 65.35 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 77.04 | Sell |
| MACD (12,26,9) | 8.39 | Buy |
| Stochastic (14,3,3) | 84.99 | Sell |
| ADX (14) | 36.59 | Buy |
| Williams %R (14) | -11.28 | Sell |
| ATR (14) | 5.11 | High Volatility |
| ROC (12) | 60.34 | Buy |
| Stoch RSI (14) | 83.25 | Sell |
| UO (7,14,28) | 74.74 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Mr Yoshikazu Ishihara resigns as Non-Executive Non-Independent Director effective 28 Feb 2026 due to retirement. | [Announcement under Regulation 30 (LODR)-Cessation 6 Feb - Mr Yoshikazu Ishihara resigns as Non-Executive Non-Independent Director effective 28 Feb 2026 due to retirement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0190d2f2-2f38-4b5a-ae5f-11eedcb27706.pdf) |
| 6 Feb - Board meeting 12 Feb 2026 to approve INC-28 and record date for NCLT-approved amalgamation (21 Jan 2026). | [Board Meeting Intimation for Meeting To Be Held On 12.02.2026. 6 Feb - Board meeting 12 Feb 2026 to approve INC-28 and record date for NCLT-approved amalgamation (21 Jan 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3046dd38-001e-4e02-b3b7-9820768dab76.pdf) |
| 4 Feb - Nobuyuki Tao resigns as Non-Executive Director and Board Chairman effective 28 Feb 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 4 Feb - Nobuyuki Tao resigns as Non-Executive Director and Board Chairman effective 28 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29652b80-049e-4142-bdab-c38fd0647a39.pdf) |
| 28 Jan - Q3 revenue Rs4,755.7m; Q3 net loss Rs190.3m; Bosch acquisition/open offer completed Nov 26, 2025. | [Unaudited Financial Results For The Quarter Ended 31St December, 2025 28 Jan - Q3 revenue Rs4,755.7m; Q3 net loss Rs190.3m; Bosch acquisition/open offer completed Nov 26, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5cafcedc-d507-4ca8-86eb-bb2bed5e670b.pdf) |
| 2 Mar - Two directors (N. Tao, Y. Ishihara) resigned effective 28 Feb 2026 closing of business hours. | [Company Intimations Under Regulation 30 Regarding Resignation Of Mr. Nobuyuki Tao (DIN 08080705) And Mr. Yoshikazu Ishihara (DIN 07998690) 2 Mar - Two directors (N. Tao, Y. Ishihara) resigned effective 28 Feb 2026 closing of business hours.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae70c12f-838b-4311-9f29-e2403d1361b7.pdf) |
| 12 Jan - Board meeting on 28 Jan 2026 to record unaudited results for quarter ended 31 Dec 2025. | [Board Meeting Intimation for Board Meeting Intimation 12 Jan - Board meeting on 28 Jan 2026 to record unaudited results for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2d94db9-fb65-4d89-a41d-966576ba3188.pdf) |
| 12 Feb - NCLT-sanctioned amalgamation; certified order received Feb 10; record date Feb 27, 2026 for share allotment. | [Intimation For Fixing Of Record Date. 12 Feb - NCLT-sanctioned amalgamation; certified order received Feb 10; record date Feb 27, 2026 for share allotment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44337db7-d490-478a-bb37-391a61a3a6f6.pdf) |
| 12 Feb - NCLT-sanctioned amalgamation effective upon ROC filing; record date set 27-Feb-2026; NCLT order received 10-Feb-2026. | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 12 Feb - NCLT-sanctioned amalgamation effective upon ROC filing; record date set 27-Feb-2026; NCLT order received 10-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e510218a-c1a0-4f1f-ba07-202c37de4fce.pdf) |
| 12 Feb - NCLT-sanctioned amalgamation effective upon ROC filing; record date 27-Feb-2026 for equity allotment. | [Intimation Of Record Date As Per Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements ) Regulation, 2015 ('SEBI LODR Regulation') 12 Feb - NCLT-sanctioned amalgamation effective upon ROC filing; record date 27-Feb-2026 for equity allotment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9d69b3d-c0b7-447e-b112-f07f333b7323.pdf) |
| 12 Feb - NCLT-approved amalgamation (order 21 Jan 2026); file INC-28; record date 27-02-2026 for share allotment. | [Board Meeting Outcome for For Meeting Held On 12-02-2026 12 Feb - NCLT-approved amalgamation (order 21 Jan 2026); file INC-28; record date 27-02-2026 for share allotment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c201537-db1b-4089-a6da-e8116fb543d0.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-02-12 | [Board Meeting Outcome for For Meeting Held On 12-02-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c201537-db1b-4089-a6da-e8116fb543d0.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e510218a-c1a0-4f1f-ba07-202c37de4fce.pdf) |
| 2026-02-12 | [Intimation Of Record Date As Per Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements ) Regulation 2015 (SEBI LODR Regulation)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d9d69b3d-c0b7-447e-b112-f07f333b7323.pdf) |
| 2026-02-12 | [Intimation For Fixing Of Record Date.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44337db7-d490-478a-bb37-391a61a3a6f6.pdf) |
| 2026-02-06 | [Board Meeting Intimation for Meeting To Be Held On 12.02.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3046dd38-001e-4e02-b3b7-9820768dab76.pdf) |
| 2026-02-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd3a0e5d-2a6a-4837-843d-e2bc3448f62f.pdf) |
| 2026-02-03 | [Board Meeting Outcome for For Meeting Held On 03-02-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f2d8b56-fa7a-4d37-a91c-80a3edd550a5.pdf) |
| 2026-02-03 | [Unaudited Financial Results For Quarter Ended On 31St December 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0fbff58-563a-4886-a974-9a16de94218a.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fd796d9f-a907-4f0f-864a-c6f3ef3d32e8.pdf) |
| 2026-01-27 | [Board Meeting Intimation for Meeting To Be Held On 03.02.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86469778-5426-447c-993b-f345bb6c4a89.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_402_HITACHIHOM_2012_2013_11072013114528.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f61c1497-86f5-4397-81a6-175e842e00b2.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5580225c-8abf-4087-b627-9143f9bdf7d8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffa462e5-e312-44f3-ac68-4b736e31058c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f2890e3-d0e7-4ed7-885e-ee6981e6256b.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92f55769-1529-4e8f-83ef-26aa08fae507.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3925981-a361-45f6-ba75-71a0bd722195.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523398/74639523398.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/519455/75623519455.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523398/69776523398_01_09_21.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Apr 2024 | [Concall - Apr 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e60ba620-0fcb-43c4-8dc3-3efc7f26c4df.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:46:27.264Z.