---
title: "Naga Dhunseri Group Ltd (NDGL) — Share Price, Financials & Analysis"
symbol: "NDGL"
company: "Naga Dhunseri Group Ltd"
canonical: "https://tapetide.com/stocks/NDGL"
isin: "INE756C01015"
nse_symbol: "NDGL"
sector: "Financial Services"
industry: "Investment Company"
market_cap_cr: 269.9
generated_at: "2026-09-13T18:35:37.278Z"
---

# Naga Dhunseri Group Ltd (NDGL)

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

## Company

- **NSE Symbol:** NDGL
- **ISIN:** INE756C01015
- **Sector:** Financial Services
- **Industry:** Investment Company
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2016-08-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** nagadhunserigroup.com

## About

Incorporated in 1995, Naga Dhunseri Group Ltd operates as an investment company[1]

## Latest Price

- **Price:** ₹2692.2
- **Change:** -23.8 (-0.88%)
- **Open:** ₹2660
- **Day High:** ₹2705
- **Day Low:** ₹2648.9
- **Previous Close:** ₹2716
- **Volume:** 203
- **As Of:** 2026-09-11T09:59:08+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:24.951758Z.

- **Market Cap:** ₹269.9 Cr
- **Classification:** Microcap
- **P/E (reported):** -45.7
- **EPS (TTM):** ₹-3.3
- **Book Value:** ₹12936
- **Price to Book:** 0.21
- **Dividend Yield:** 0.09%
- **ROE:** 0.56%
- **ROCE:** 1.1%
- **Debt to Equity:** 0.12
- **Revenue (yearly):** ₹463.3 Cr
- **Net Income:** ₹-11.53 Cr
- **EBITDA:** ₹-18.79 Cr
- **52-Week High:** ₹4050
- **52-Week Low:** ₹2100
- **RSI (14):** 45.36

## Tapetide Score

- **Score:** 63 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Rising
- **Percentile:** 94.2 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 75%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 28.94 | 9% |
| growth | 96.19 | 9% |
| momentum | 71.15 | 12% |
| ownership | 50 | 24% |
| quality | 75.66 | 22% |
| valuation | 64.1 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.21 times its book value
- Debtor days have improved from 68.4 to 16.0 days.
- Company's median sales growth is 112% of last 10 years

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 1.73% over last 3 years.
- Earnings include an other income of Rs.46.2 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -269.41% | -522.48% | -8.37% |
| ebitda margin growth | 209.16% | -114.14% | -103.94% | -104.63% |
| net income growth | 194.81% | -251.71% | -149.48% | -115.79% |
| revenue growth | 23.1% | 549.79% | 248% | 130% |
| roce | -179.65% | -63.7% | -89.04% | 7.5% |
| roe | -194.77% | -79.18% | 4.38% | -95.18% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 9 | 12 | 3 | 9 | 4 | 2 | 56 | 120 | 169 | 138 | 38 | 94 |
| Expenses | 0 | 2 | 4 | 0 | 0 | 0 | 51 | 92 | 142 | 144 | 105 | 66 |
| Financing Profit | 8 | 10 | 0 | 8 | 3 | 1 | 2 | 24 | 20 | -10 | -73 | 24 |
| Financing Margin % | 94 | 84 | -11 | 93 | 84 | 70 | 3 | 20 | 12 | -7 | -196 | 25 |
| Other Income | 10 | 0 | 0 | 0 | 0 | 11 | 1 | 2 | 3 | 3 | 40 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 6 | 4 | 6 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 5 | 5 | 4 | 5 |
| Profit before tax | 18 | 10 | -1 | 8 | 3 | 12 | 1 | 20 | 17 | -12 | -37 | 20 |
| Tax % | 7 | 15 | -41 | 11 | 100 | 9 | 105 | 13 | -5 | -13 | 6 | 51 |
| Net Profit | 17 | 8 | 0 | 17 | 12 | 11 | -13 | 34 | 7 | -11 | -41 | 38 |
| EPS in Rs | 166.8 | 84.5 | -3.1 | 173.3 | 115 | 110.2 | -53.6 | 273.5 | -20.1 | -79.3 | -267.5 | 363.6 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 79 | 2 | 2 | 7 | 6 | 11 | 29 | 71 | 463 | 438 |
| Expenses | 64 | 2 | 8 | 2 | 1 | 2 | 2 | 53 | 482 | 456 |
| Financing Profit | 15 | 0 | -6 | 5 | 5 | 9 | 27 | 15 | -39 | -40 |
| Financing Margin % | 19 | 16 | -259 | 71 | 72 | 81 | 92 | 21 | -9 | -9 |
| Other Income | 1 | 9 | 0 | 54 | 69 | 63 | 0 | 1 | 47 | 46 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 21 | 21 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 19 | 19 |
| Profit before tax | 15 | 9 | -6 | 58 | 73 | 72 | 26 | 14 | -12 | -12 |
| Tax % | 20 | 4 | -16 | 2 | 0 | 2 | 11 | 46 | 20 | — |
| Net Profit | 31 | 9 | -5 | 57 | 73 | 70 | 34 | 27 | -10 | -6 |
| EPS in Rs | 308 | 90.2 | -54.4 | 571.5 | 730.3 | 704.2 | 338.4 | 344.9 | -93.3 | -3.3 |
| Dividend Payout % | 1 | 3 | -2 | 0 | 0 | 0 | 1 | 1 | -3 | — |

### 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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 231 | 271 | 409 | 364 | 490 | 640 | 712 | 865 | 1280 | 1293 |
| Borrowing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 258 | 250 |
| Other Liabilities | 5 | 8 | 1 | 5 | 6 | 9 | 10 | 19 | 281 | 282 |
| Total Liabilities | 237 | 280 | 411 | 370 | 497 | 650 | 722 | 885 | 1820 | 1825 |
| Fixed Assets | 1 | 1 | 6 | 12 | 12 | 11 | 11 | 11 | 733 | 717 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 98 |
| Investments | 215 | 239 | 397 | 341 | 473 | 629 | 704 | 861 | 850 | 831 |
| Other Assets | 22 | 39 | 8 | 17 | 12 | 9 | 7 | 13 | 156 | 179 |
| Total Assets | 237 | 280 | 411 | 370 | 497 | 650 | 722 | 885 | 1820 | 1825 |

### Cash Flow

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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -8 | 1 | 6 | -7 | 2 | -1 | 5 | -8 | 48 |
| Cash from Investing Activity | 1 | 10 | -4 | 3 | -1 | 0 | 0 | 0 | 20 | -9 |
| Cash from Financing Activity | -2 | 1 | 0 | 0 | 0 | -1 | -1 | -1 | 4 | -17 |
| Net Cash Flow | 1 | 3 | -4 | 9 | -8 | 2 | -2 | 4 | 17 | 22 |
| Free Cash Flow | 0 | -12 | -4 | 6 | -8 | 2 | -2 | 5 | -17 | 3 |
| CFO/OP | 8 | -28 | 231 | -106 | -117 | 80 | -11 | 31 | 46 | -257 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 54 | 12 | 3 | -1 | 13 | 13 | 10 | 4 | 3 | -1 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% | 73.58% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.43% | 0.43% | 0.43% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.56% | 16.67% | 16.51% | 16.5% | 16.54% | 16.24% | 16.29% | 16.33% | 16.37% | 16.88% | 16.89% | 16.8% |
| Others | 9.82% | 9.71% | 9.87% | 9.88% | 9.84% | 10.14% | 10.09% | 10.05% | 10.02% | 9.1% | 9.09% | 9.19% |
| No. of Shareholders | 2278 | 2346 | 2245 | 2447 | 2508 | 2810 | 2837 | 2838 | 2883 | 2838 | 2836 | 2766 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 3 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2748.38 | Sell |
| EMA (10) | 2743.73 | Sell |
| SMA (20) | 2756.29 | Sell |
| EMA (20) | 2754.45 | Sell |
| SMA (50) | 2764.94 | Sell |
| EMA (50) | 2740.46 | Sell |
| SMA (100) | 2691.56 | Buy |
| EMA (100) | 2728.57 | Sell |
| SMA (200) | 2696.04 | Sell |
| EMA (200) | 2861.1 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.17 | Neutral |
| MACD (12,26,9) | -7.8 | Sell |
| Stochastic (14,3,3) | 10.49 | Buy |
| ADX (14) | 38.06 | Buy |
| Williams %R (14) | -90.4 | Buy |
| ATR (14) | 121.55 | High Volatility |
| ROC (12) | -5.87 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 36.02 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-21 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NDGL_21082026231756_SR_2108.pdf) |
| 2026-08-20 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NDGL_20082026180601_Proceedings_NDGL.pdf) |
| 2026-07-30 | [General Updates](https://nsearchives.nseindia.com/corporate/NDGL_30072026170421_NDGL_3007.pdf) |
| 2026-07-29 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NDGL_29072026112453_SE_Letter_2907.pdf) |
| 2026-07-28 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NDGL_28072026161138_Notice_NDGL.pdf) |
| 2026-07-22 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NDGL_22072026150229_Letter_NDGL.pdf) |
| 2026-07-09 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/NDGL_09072026104650_NDGL_74_5__.pdf) |
| 2026-06-30 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_sandeshc_12052026131312_24.pdf) |
| 2026-06-26 | [Trading Window](https://nsearchives.nseindia.com/corporate/NDGL_26062026142937_TWC.pdf) |
| 2026-06-17 | [General Updates](https://nsearchives.nseindia.com/corporate/NDGL_17062026172349_Letter_KYC.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_14082026134307_Outcome1408.pdf) |
| 2026-05-28 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_28052026162547_Outcome_NDGL.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_12022026135944_Outcome_of_Board_Meeting.pdf) |
| 2026-02-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_12022026135814_Outcome_of_Board_Meeting.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_13112025131445_Outcome.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NDGL_13112025131628_Outcome.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_30035_NDGL_2025_2026_A_2952040_28072026161447.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27065_NDGL_2024_2025_A_22072025153815.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24723_NDGL_2023_2024_3007202417186.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23005_NDGL_2022_2023_28082023174032_08282023180017.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20630_NDGL_2021_2022_05082022194937_08052022200011.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18869_NDGL_2020_2021_24082021182138_24082021190005.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17234_NDGL_2019_2020_04092020104705_04092020110004.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15099_NDGL_2018_2019_02082019173733_02082019180005.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13040_NDGL_2017_2018_14082018130957.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11112_NDGL_2016_2017_17082017123638.zip) |

---

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 2026-09-13T18:35:37.278Z.