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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

₹35.24 0.00 (0.00%)

As on 02-Jul'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

₹35.24 0.00 (0.00%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹134 Cr.
Current Price
₹35.2
52-Week Low / High
₹17 / 45
TTM EPS
₹1
TTM Sales
₹78.4 Cr.
Book Value per Share
₹15.6
P/E Ratio
34.66
In line with its 5-year historical median
Industry PE
16.1
Price to Book (P/B)
2.25
Higher than its 5-year historical median
Price to Sales (P/S)
1.71
Higher than its 5-year historical median
EV/EBITDA
21.35
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.70%
Underperforms industry median
Return on Capital Employed (ROCE)
8.94%
In line with industry median
Return on Assets (ROA)
5.56%
Operating Profit Margin
6.3%
Net Profit Margin
4.92%
Gross Profit Margin
6.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.62%
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 / 45.18

Narmada Agrobase stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 : Login to view analysis.

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.1%10.5%7.7%9.2%8.1%7%6.9%8.8%13%8.9%-
Value Creation
Index
-0.3-0.3-0.5-0.3-0.4-0.5-0.5-0.4-0.1-0.4-

Growth Parameters

Sales 34.437.147.561.658.3355050.365.778.478
Sales YoY Gr.-7.6%28.2%29.6%-5.4%-40%43.1%0.6%30.5%19.4%-
Adj EPS 0.40.40.20.40.40.30.40.61.111
YoY Gr.--2.8%-42.9%120%-11.4%-12.8%5.9%58.3%89.5%-5.6%-
BVPS (₹) 2.94.57.67.88.28.58.89.414.715.615.6
Adj Net
Profit
0.30.40.40.80.70.60.714.13.94
Cash Flow from Ops. -1.31.2-5.10.50.3-0.10.10.9-15.9-1.3-
Debt/CF from Ops. -8.26.1-1.817.429.4-117.6190.710.4-0.6-7.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.6%6.1%16.2%19.4%
Adj EPS 12.3%21.2%41.5%-5.6%
BVPS20.6%13.7%21%6.2%
Share Price - 18.3% 32.6% 94.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1310.83.75.74.844.26.211.26.76.5
Op. Profit
Mgn %
4.14.43.443.85.7458.56.46.4
Net Profit
Mgn %
0.91.20.71.31.21.71.326.24.94.9
Debt to
Equity
4.11.30.70.60.60.60.60.60.20.20
Working Cap
Days
96106108108131233166173203247155
Cash Conv.
Cycle
73839394108197150159180211125

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales34374862583550506678
Operating Expenses + 33354659563348486073
Manufacturing Costs1111111111
Material Costs30324255522943435568
Employee Cost 0011112112
Other Costs 1222222233
Operating Profit 1222222365
Operating Profit Margin (%) 4.1%4.2%3.4%4.0%3.8%5.7%4.0%5.0%8.5%6.3%
Other Income + 0000000011
Exceptional Items 0000000000
Interest 1111111111
Depreciation 0010000000
Profit Before Tax 0111111155
Tax 0000000011
Profit After Tax 0001111144
PAT Margin (%) 0.9%1.1%1.0%1.3%1.2%1.7%1.3%2.0%6.2%4.9%
Adjusted EPS (₹)0.40.30.30.40.40.30.40.61.11.0
Dividend Payout Ratio (%)0%0%15.20%0%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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 261414151516175659
Share Capital 25814141414143838
Reserves 106112231821
Debt +10798891010910
Long Term Debt4111101011
Short Term Debt668779101089
Minority Interest0000000000
Trade Payables1101211101
Others Liabilities 0001211112
Total Liabilities 14142424272627286672

Fixed Assets

Net Fixed Assets +3354443333
Gross Block4466677777
Accumulated Depreciation1122233344
CWIP 0000000000
Investments 0010000002
Inventories6786469102314
Trade Receivables33811161413131935
Cash Equivalents 001101101510
Others Assets 2112211168
Total Assets 14142424272627286672

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -11-500-001-16-1
PBT 0111111155
Adjustment 111111110-1
Changes in Working Capital -3-0-6-2-2-2-2-1-21-5
Tax Paid -0-0-0-0-0-0-0-0-1-1
Cash Flow From Investing Activity + -0-0-200000-4-3
Capex -0-0-2-0-0-00-0-0-0
Net Investments -0-0-0000-000-2
Others 00010000-4-1
Cash Flow From Financing Activity + 2-19-2-00-1-134-0
Net Proceeds from Shares 03700000350
Net Proceeds from Borrowing 0-3-0-00-11-01-0
Interest Paid -1-1-1-1-1-1-1-1-1-1
Dividend Paid 000-0000000
Others 202-102-00-11
Net Cash Flow -001-1-00-0-014-4

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.029.855.175.724.744.054.196.2211.246.7
ROCE (%)10.1410.547.699.228.16.976.888.8113.048.94
Asset Turnover Ratio2.822.642.52.572.281.311.861.821.391.13
PAT to CFO Conversion(x)N/AN/AN/A00-001-4-0.25
Working Capital Days
Receivable Days27.8030.3041.105686.40159.80100.8096.3090126.70
Inventory Days5261.705741.2030.9054.2055.806992.9087.40
Payable Days7.50106.303.4010.1019.107.106.803.203.90

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 02-Jul-2026 16:59 is ₹35.24.

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 01-Jul-2026 the market cap of Narmada Agrobase stood at ₹133.7 Cr

The latest P/E ratio of Narmada Agrobase as of 01-Jul-2026 is 34.66.

The latest P/B ratio of Narmada Agrobase as of 01-Jul-2026 is 2.25.

The 52-week high of Narmada Agrobase is ₹45.18 and the 52-week low is ₹16.74.

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 Semi Strong which suggest that the price of Narmada Agrobase Ltd is likely to Rise-somewhat 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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