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Narmada Agrobase Ltd (NARMADA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543643 NSE: NARMADA Agriculture | Small Cap | Narmada Agrobase Share Price

₹37.80 1.20 (3.28%)

As on 05-Jun'26 16:59

Narmada Agrobase Ltd (NARMADA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543643 NSE: NARMADA Agriculture | Small Cap | Narmada Agrobase Share Price

₹37.80 1.20 (3.28%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹139 Cr.
Current Price
₹37.8
52-Week Low / High
₹16 / 39
TTM EPS
₹1
TTM Sales
₹78.4 Cr.
Book Value per Share
₹15.6
P/E Ratio
36.00
In line with its 5-year historical median
Industry PE
15.5
Price to Book (P/B)
2.34
Higher than its 5-year historical median
Price to Sales (P/S)
1.77
Higher than its 5-year historical median
EV/EBITDA
22.17
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
11.24%
Outperforms industry median
Return on Capital Employed (ROCE)
13.04%
Outperforms industry median
Return on Assets (ROA)
8.66%
Operating Profit Margin
8.5%
Net Profit Margin
6.22%
Gross Profit Margin
8.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
30.52%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
121.43%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
300.98%
Asset Quality
Promoter Holding
50.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹21 Cr.
Equity
₹37.9 Cr.
Face Value
₹10
All Time Low / High
₹12.47 / 39.00

Narmada Agrobase stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Narmada Agrobase Ltd a good quality company?
Narmada Agrobase Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Narmada Agrobase Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Narmada Agrobase Ltd vs industry peers?
Narmada Agrobase Ltd revenue CAGR is 1.30%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Narmada Agrobase Ltd?
Promoters hold 50.30% of the Narmada Agrobase Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Narmada Agrobase Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 30.25% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Narmada Agrobase Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.2%10.1%10.5%7.7%9.2%8.1%7%6.9%8.8%13%-
Value Creation
Index
-0.3-0.3-0.3-0.5-0.3-0.4-0.5-0.5-0.4-0.1-

Growth Parameters

Sales 30.734.437.147.561.658.3355050.365.778
Sales YoY Gr.-12.2%7.6%28.2%29.6%-5.4%-40%43.1%0.6%30.5%-
Adj EPS 0.30.40.40.20.40.40.30.40.61.11
YoY Gr.-28.6%-2.8%-42.9%120%-11.4%-12.8%5.9%58.3%89.5%-
BVPS (₹) 2.62.94.57.67.88.28.58.89.414.715.6
Adj Net
Profit
0.20.30.40.40.80.70.60.714.14
Cash Flow from Ops. -0.5-1.31.2-5.10.50.3-0.10.10.9-15.9-
Debt/CF from Ops. -15.3-8.26.1-1.817.429.4-117.6190.710.4-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.8%1.3%23.4%30.5%
Adj EPS 16.2%19.7%47%89.5%
BVPS21.3%13.6%20.3%56.7%
Share Price - 31.6% 34.2% 114%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
131310.83.75.74.844.26.211.26.7
Op. Profit
Mgn %
3.84.14.43.443.85.7458.56.4
Net Profit
Mgn %
0.80.91.20.71.31.21.71.326.24.9
Debt to
Equity
3.64.11.30.70.60.60.60.60.60.20
Working Cap
Days
8196106108108131233166173203155
Cash Conv.
Cycle
6373839394108197150159180125

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales31343748625835505066
Operating Expenses + 30333546595633484860
Manufacturing Costs1111111111
Material Costs27303242555229434355
Employee Cost 0001111211
Other Costs 2122222223
Operating Profit 1122222236
Operating Profit Margin (%) 3.8%4.1%4.2%3.4%4.0%3.8%5.7%4.0%5.0%8.5%
Other Income + 0000000001
Exceptional Items 0000000000
Interest 1111111111
Depreciation 0001000000
Profit Before Tax 0011111115
Tax 0000000001
Profit After Tax 0000111114
PAT Margin (%) 0.8%0.9%1.1%1.0%1.3%1.2%1.7%1.3%2.0%6.2%
Adjusted EPS (₹)0.30.40.30.30.40.40.30.40.61.1
Dividend Payout Ratio (%)0%0%0%15.20%0%0%0%0%0%0%

Valuation of Narmada Agrobase - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22614141515161756
Share Capital 2258141414141438
Reserves 01061122318
Debt +8107988910109
Long Term Debt4411110101
Short Term Debt466877910108
Minority Interest0000000000
Trade Payables1110121110
Others Liabilities 0000121111
Total Liabilities 11141424242726272866

Fixed Assets

Net Fixed Assets +3335444333
Gross Block3446667777
Accumulated Depreciation1112223334
CWIP 0000000000
Investments 0001000000
Inventories467864691023
Trade Receivables2338111614131319
Cash Equivalents 00011011015
Others Assets 1211221116
Total Assets 11141424242726272866

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1-11-500-001-16
PBT 0011111115
Adjustment 1111111110
Changes in Working Capital -2-3-0-6-2-2-2-2-1-21
Tax Paid -0-0-0-0-0-0-0-0-0-1
Cash Flow From Investing Activity + -1-0-0-200000-4
Capex -1-0-0-2-0-0-00-0-0
Net Investments -0-0-0-0000-000
Others 000010000-4
Cash Flow From Financing Activity + 12-19-2-00-1-134
Net Proceeds from Shares 10370000035
Net Proceeds from Borrowing 10-3-0-00-11-01
Interest Paid -1-1-1-1-1-1-1-1-1-1
Dividend Paid 0000-000000
Others 0202-102-00-1
Net Cash Flow 0-001-1-00-0-014

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.0813.029.855.175.724.744.054.196.2211.24
ROCE (%)10.2110.1410.547.699.228.16.976.888.8113.04
Asset Turnover Ratio3.122.822.642.52.572.281.311.861.821.39
PAT to CFO Conversion(x)N/AN/AN/AN/A00-001-4
Working Capital Days
Receivable Days2427.8030.3041.105686.40159.80100.8096.3090
Inventory Days45.705261.705741.2030.9054.2055.806992.90
Payable Days7.207.50106.303.4010.1019.107.106.803.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Narmada Agrobase Ltd FAQs

The current trading price of Narmada Agrobase on 05-Jun-2026 16:59 is ₹37.80.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Narmada Agrobase stood at ₹138.8 Cr

The latest P/E ratio of Narmada Agrobase as of 04-Jun-2026 is 36.00.

The latest P/B ratio of Narmada Agrobase as of 04-Jun-2026 is 2.34.

The 52-week high of Narmada Agrobase is ₹39.00 and the 52-week low is ₹16.16.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Narmada Agrobase is ₹78.39 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Narmada Agrobase Ltd is a below average quality company.

The key valuation ratios of Narmada Agrobase Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Narmada Agrobase Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Narmada Agrobase Ltd

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About MoneyWorks4Me

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