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Narmada Agrobase

NARMADA NSE
₹11.92 −0.34 (−2.77%)
P/E
24.83
View as Markdown
MCP
Close 4 Nov 2026 ₹11.92 +0.59 +5.21% 1Y
Start ₹11.33

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
8.95%
Debt to Equity
0.17
EPS (TTM)
₹0.48
Book Value
₹8.05
Market Cap
—
P/E (TTM)
24.83
P/B
1.48
ROE
6.70%
Dividend Yield
0.00%
EBITDA
₹6.20 Cr
52W High
₹22.59
52W Low
₹9.55
Day Range
₹11.65 – ₹12.26
Volume
1,58,193

Peer Comparison

Fast Moving Consumer Goods › Food Products › Animal Feed

Narmada Agrobase peer comparison
Godrej Agrovet
₹595.2025.63₹11,342 Cr5.641.89%20.90%19.20%₹10,474 Cr₹424 Cr
Avanti Feeds
₹706.5518.13₹9,327 Cr2.931.48%18.30%24.40%₹6,360 Cr₹587 Cr
Mukka Proteins
₹25.1010.87₹744 Cr1.510.00%11.10%11.60%₹1,768 Cr₹74 Cr
Shivam Chemicals
₹146.00243.33₹246 Cr5.960.00%15.50%16.60%₹83 Cr₹1 Cr
Mayank Cattle Food
₹151.6539.91₹167 Cr4.300.00%17.20%15.80%₹180 Cr₹2 Cr
Narmada Agrobase (this company)
₹11.9224.83₹91 Cr1.480.00%6.70%8.95%₹90 Cr₹4 Cr
Median 6 companies₹148.8325.23₹495 Cr3.620.00%16.35%16.20%₹974 Cr₹39 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
47
Average
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
86
Strong
Sales & profit trajectory 9% weight
Financial Health
82
Strong
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
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 expected to give good quarter

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.13% over last 3 years.
  • Company has high debtors of 166 days.
  • Promoter holding has decreased over last 3 years: -16.2%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish946
OscillatorsBearish342
Moving AveragesStrong Bearish604

Key readings

RSI (14)
50.98
Neutral
MACD (12,26,9)
−0.24
Bullish
SMA (50)
12.65
Bearish
SMA (200)
15.75
Bearish

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 Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.77%
5Y+5.93%
3Y+16.16%
1Y+19.91%
TTM+38.85%

Net profit

Net profit growth by window
10Y+35.14%
5Y+41.52%
3Y+81.09%
1Y−5.62%
TTM−12.22%

Operating cash flow

Operating cash flow growth by window
10Y—
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹14.63 Cr
TTM—

10Y: The statements do not go back far enough for this window.

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.55 pp
5Y+2.57 pp
3Y+2.34 pp
1Y−2.21 pp
TTM−3.10 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹34.45 Cr
Mar 2018₹37.00 Cr
Mar 2019₹47.50 Cr
Mar 2020₹61.46 Cr
Mar 2021₹58.14 Cr
Mar 2022₹34.61 Cr
Mar 2023₹49.48 Cr
Mar 2024₹49.74 Cr
Mar 2025₹64.68 Cr
Mar 2026₹77.56 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.30 Cr
Mar 2018₹0.40 Cr
Mar 2019₹0.50 Cr
Mar 2020₹0.79 Cr
Mar 2021₹0.68 Cr
Mar 2022₹0.61 Cr
Mar 2023₹0.65 Cr
Mar 2024₹1.02 Cr
Mar 2025₹4.09 Cr
Mar 2026₹3.86 Cr

Quarterly Results

₹ Cr
NARMADA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
7.95
11.41
12.22
18.75
12.26
10.28
13.84
29.3
11.08
11.95
21.35
34
22.26
20.5
Expenses
7.5
10.94
11.77
17.6
10.68
8.21
12.5
28.71
9.76
10.65
19.97
33.02
21.31
19.75
Operating Profit
0.45
0.47
0.45
1.15
1.58
2.07
1.34
0.59
1.32
1.3
1.38
0.98
0.95
—
OPM %
5.66%
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
0.01
0.03
0.02
0
0.01
0.01
0.32
0.32
0.33
0.33
0.29
0.32
0.28
0.3
Interest
0.23
0.23
0.23
0.26
0.24
0.24
0.21
0.16
0.24
0.2
0.2
0.18
0.17
0.19
Depreciation
0.07
0.07
0.07
0.07
0.06
0.06
0.06
0.06
0.05
0.05
0.06
0.06
0.05
0.05
PBT
0.16
0.2
0.17
0.82
1.29
1.78
1.39
0.69
1.36
1.37
1.41
1.06
1.01
0.8
Tax %
31.25%
15%
23.53%
25.61%
21.71%
26.97%
28.06%
−13.04%
25%
25.36%
28.37%
24.53%
24.75%
30%
Net Profit
0.11
0.17
0.13
0.61
1.02
1.29
1
0.78
1.02
1.03
1.01
0.8
0.75
0.57
EPS (₹)
0.01
0.02
0.02
0.08
0.13
0.17
0.13
0.1
0.13
0.14
0.13
0.11
0.1
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
NARMADA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
21.97
30.53
34.45
37
47.5
61.46
58.14
34.61
49.48
49.74
64.68
77.56
89.56
Expenses
21.12
29.35
33.02
35.43
45.87
59
55.9
32.61
47.46
47.22
59.1
72.58
84.95
Operating Profit
0.85
1.18
1.43
1.57
1.63
2.46
2.24
2
2.02
2.52
5.58
4.98
4.61
OPM %
3.87%
3.87%
4.15%
4.24%
3.43%
4%
3.85%
5.78%
4.08%
5.07%
8.63%
6.42%
5.15%
Other Income
0.02
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
0.43
0.7
0.75
0.82
0.7
1.03
0.85
0.82
0.86
0.96
0.84
0.82
0.75
Depreciation
0.27
0.27
0.3
0.28
0.54
0.4
0.42
0.37
0.32
0.28
0.24
0.22
0.22
PBT
0.17
0.23
0.4
0.54
0.67
1.06
1.01
0.87
0.89
1.35
5.16
5.21
4.86
Tax %
17.65%
21.74%
25%
25.93%
25.37%
25.47%
32.67%
31.03%
26.97%
24.44%
20.74%
25.91%
—
Net Profit
0.14
0.19
0.3
0.4
0.5
0.79
0.68
0.61
0.65
1.02
4.09
3.86
3.59
EPS (₹)
0.11
0.1
0.16
0.08
0.07
0.1
0.09
0.08
0.09
0.13
0.54
0.51
0.48
Div. Payout %
0%
0%
0%
0%
15.06%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
NARMADA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
0.3
0.64
0.42
6.04
0.71
1.39
1.68
2.33
3.35
17.93
21.4
Borrowings
6.71
7.93
10.22
7.39
9.13
8.44
8.69
9.72
10.07
9.68
9.47
10.1
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
26.5
27.32
27.96
66.46
72.25
Fixed Assets
2.38
2.71
2.66
2.74
4.66
3.89
3.5
3.75
3.44
3.18
2.97
2.91
CWIP
0
0
0
0
0
0
0
0
0
0
0.02
0
Investments
0.21
0.21
0.43
0.47
0.61
0
0
0
0
0
0
1.7
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
26.5
27.32
27.96
66.46
72.25

Cash Flow

₹ Cr
NARMADA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
−1.25
1.21
−5.1
0.49
0.3
−0.08
0.05
0.93
−15.93
−1.3
Investing
—
—
−0.44
−0.34
−2.32
0.46
0.04
0.06
0.37
0.35
−3.58
−2.95
Financing
—
—
1.52
−0.82
8.52
−1.94
−0.4
0.22
−0.52
−1.35
33.83
−0.18
Net Cash Flow
—
—
−0.17
0.05
1.11
−1
−0.07
0.2
−0.1
−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

Ratios

NARMADA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30.07
26.66
31.89
31.07
58.02
67.41
102
152
97.52
97.74
108
166
Inventory Days
73.6
54.43
70.88
75.62
70.33
37.81
28.83
77.66
75.95
84.67
154
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
125
101
115
220
166
176
261
235
Working Capital Days
21.27
25.7
26.81
25.35
59.01
53.09
64.1
105
87.34
94
195
180
ROCE %
—
10.26%
10.11%
10.59%
7.68%
9.21%
8.2%
6.96%
6.88%
8.79%
13.05%
8.95%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Narmada Agrobase insights

55 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.30%
  • Public 37.91%
  • DIIs 6.50%
  • Others 5.19%
  • FIIs 0.11%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Narmada Agrobase

What does Narmada Agrobase Ltd do?
Incorporated in 2013, Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed
Where is Narmada Agrobase Ltd (NARMADA) listed?
Narmada Agrobase Ltd trades as NARMADA on the NSE and under code 543643 on the BSE.
Which sector does Narmada Agrobase Ltd belong to?
Narmada Agrobase Ltd is classified under the Food Products sector, in the Animal Feed industry.
What is the PE ratio of Narmada Agrobase Ltd?
Narmada Agrobase Ltd trades at a PE ratio of 24.83 as of 4 Nov 2026, on earnings per share of ₹0.48, against a book value of ₹8.05 per share.
What is the 52-week high and low of Narmada Agrobase Ltd?
Over the last 52 weeks Narmada Agrobase Ltd has traded between ₹9.55 and ₹22.59 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Narmada Agrobase Ltd?
Narmada Agrobase Ltd reported a return on equity of 6.70%. Its debt-to-equity ratio is 0.17.

Company Information

Incorporated in 2013, Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed

Website narmadaagrobase.com
Listed 19 Apr 2018
Face Value ₹5

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