Is Narmada Gelatines Ltd (SHAWGELTIN) a good quality company?

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

Is Narmada Gelatines Ltd (SHAWGELTIN) undervalued or overvalued?

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

What is Narmada Gelatines Ltd (SHAWGELTIN) share price return in the past 10 years?

Narmada Gelatines Ltd share price has appreciated 11.6% annually (CAGR) over the past ten years.

Is Narmada Gelatines Ltd (SHAWGELTIN) a good buy now?

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

What is the share price of Narmada Gelatines Ltd (SHAWGELTIN)?

Company share prices are keep on changing according to the market conditions. The current trading price of Narmada Gelatines Ltd (SHAWGELTIN) on 07-May-2026 16:01:00 at 16:01 is 428.10.

What is the market cap of Narmada Gelatines Ltd (SHAWGELTIN)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-May-2026 at 16:01, the market cap of Narmada Gelatines stood at Rs. 261.46 Cr.

What is the P/E ratio of Narmada Gelatines?

The latest standalone P/E ratio of Narmada Gelatines as of 07-May-2026 is 10.80.

What is the P/B ratio of Narmada Gelatines Ltd (SHAWGELTIN)?

The latest standalone P/B ratio of Narmada Gelatines Ltd (SHAWGELTIN) as of 07-May-2026 is 1.98.

What is the 52-week high and low of Narmada Gelatines Ltd (SHAWGELTIN)?

The 52-week high of Narmada Gelatines Ltd (SHAWGELTIN) is Rs. 440.00 and the 52-week low is Rs. 300.00.

What is the TTM revenue of Narmada Gelatines Ltd (SHAWGELTIN)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Narmada Gelatines is Rs. 203.48 (Cr.).

Narmada Gelatines Ltd (SHAWGELTIN) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Narmada Gelatines Ltd (SHAWGELTIN)
Brand: Narmada Gelatines

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	12.1%	7.3%	7.1%	10.4%	13.6%	8.4%	10.9%	16.8%	20.6%	19.9%	-
Value Creation Index ⓘ	-0.1	-0.5	-0.5	-0.3	0.0	-0.4	-0.2	0.2	0.5	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	131	113	118	126	134	135	157	191	182	189	203
Sales YoY Gr.	-	-14.2%	4.3%	6.9%	6.8%	0.5%	16.7%	21.5%	-4.9%	3.9%	-
Adj EPS ⓘ	13.1	9.4	10.4	11.7	21.2	14	20.6	25.3	25.3	28.4	40
YoY Gr.	-	-28.3%	11.1%	11.8%	82%	-34.2%	47.4%	22.9%	0.3%	12.2%	-
BVPS (₹) ⓘ	180.1	195.9	204.6	216.2	225.5	229.4	240	155.2	180.1	197.4	218.6
Adj Net Profit ⓘ	7.9	5.7	6.3	7.1	12.8	8.4	12.4	15.3	15.3	17.2	24
Cash Flow from Ops. ⓘ	6.8	7.2	9.2	12	4.7	3.1	1.9	13.8	14.6	17	-
Debt/CF from Ops. ⓘ	0.2	0	0	0.2	0.1	0	0	0	0	0.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.1%	7.1%	6.3%	3.9%
Adj EPS ⓘ	9%	6.1%	11.4%	12.2%
BVPSⓘ	1%	-2.6%	-6.3%	9.6%
Share Price	11.6%	19.9%	11.1%	34.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.4	5	5.2	5.5	9.6	6.1	8.8	12.8	15.1	15.1	19.3
Op. Profit Mgn % ⓘ	8.4	3.4	4.6	7.3	10.5	5.6	9.2	10.3	11.7	13	17.2
Net Profit Mgn % ⓘ	6	5	5.4	5.6	9.6	6.3	7.9	8	8.4	9.1	11.9
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0.1	-
Working Cap Days ⓘ	4,801	226	170	150	152	180	170	143	151	147	68
Cash Conv. Cycle ⓘ	122	135	125	108	102	112	108	95	104	101	50

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.20%

Net Profit is growing at healthy rate in last 3 years 11.42%

Sales growth has been subdued in last 3 years 6.28%

Sales growth is not so good in last 4 quarters at 7.89%

	Standalone	Consolidated
TTM EPS (₹)	40	45.1
TTM Sales (₹ Cr.)	203	203
BVPS (₹) ⓘ	218.6	220.9
Reserves (₹ Cr.) ⓘ	126	128
P/BV ⓘ	1.98	1.96
PE ⓘ	10.80	9.58

From the Market
52 Week Low / High (₹)	300.00 / 440.00
All Time Low / High (₹)	5.63 / 566.15
Market Cap (₹ Cr.)	261
Equity (₹ Cr.)	6.1
Face Value (₹)	10
Industry PE ⓘ	47.8

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	131	113	118	126	134	135	157	191	182	189
Operating Expenses ⓘ +	120	109	112	117	120	127	143	171	161	164
Manufacturing Costs	26	22	23	29	29	23	29	41	36	33
Material Costs	79	73	75	73	76	90	98	112	105	110
Employee Cost	11	10	10	11	11	11	12	14	15	16
Other Costs ⓘ	5	4	4	4	4	4	4	4	4	6
Operating Profit ⓘ	11	4	5	9	14	8	14	20	21	25
Operating Profit Margin (%)	8.4%	3.3%	4.5%	7.3%	10.5%	5.6%	9.1%	10.3%	11.7%	13.0%
Other Income ⓘ +	3	6	4	5	6	6	3	2	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	1
Depreciation ⓘ	1	1	1	1	1	1	2	2	2	2
Profit Before Tax ⓘ	13	8	8	13	18	11	15	20	21	23
Tax ⓘ	5	2	0	3	5	3	3	5	5	6
Profit After Tax	8	6	8	10	13	8	12	15	15	17
PAT Margin (%)	6.3%	5.4%	6.8%	8.0%	9.6%	6.3%	7.8%	8.0%	8.4%	9.1%
Adjusted EPS (₹)	13.7	10.1	13.3	16.6	21.3	14.0	20.4	25.3	25.3	28.5
Dividend Payout Ratio (%)	29.20%	39.60%	30.10%	60.10%	47%	71.50%	49%	395.80%	39.50%	35.20%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	109	119	124	131	136	139	145	94	109	119
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	103	112	118	125	130	133	139	88	103	113
Debt +	2	0	0	2	0	0	0	0	0	11
Long Term Debt	0	0	0	0	0	0	0	0	0	6
Short Term Debt	2	0	0	2	0	0	0	0	0	5
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	5	10	8	12	13	15	15	13	14	17
Others Liabilities ⓘ	44	11	8	10	11	11	9	10	10	12
Total Liabilities ⓘ	160	140	140	155	161	165	170	117	134	159
Fixed Assets
Net Fixed Assets ⓘ +	23	22	25	24	26	29	27	28	27	33
Gross Block	55	22	27	26	27	33	32	34	35	42
Accumulated Depreciation	32	0	1	1	2	3	5	6	8	9
CWIP ⓘ	0	0	0	1	2	0	0	0	0	7
Investments ⓘ	34	45	53	68	65	50	48	4	10	41
Inventories	36	38	30	29	34	41	50	47	47	47
Trade Receivables	17	16	19	19	20	18	16	19	22	25
Cash Equivalents	13	14	10	10	9	12	20	9	22	0
Others Assets ⓘ	37	6	3	4	5	14	9	9	6	7
Total Assets ⓘ	160	140	140	155	161	165	170	117	134	159

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	7	7	9	12	5	3	2	14	15	17
PBT ⓘ	13	8	8	13	18	11	15	20	21	23
Adjustment ⓘ	-1	-4	-2	-4	-3	-3	-1	-0	0	2
Changes in Working Capital ⓘ	-1	4	5	5	-7	-1	-8	0	-2	-2
Tax Paid ⓘ	-4	-2	-2	-2	-3	-4	-4	-6	-5	-6
Cash Flow From Investing Activity ⓘ +	-7	-2	-2	-5	-4	6	10	44	-12	-29
Capex	-0	-0	-5	-1	-4	-4	-0	-2	-2	-15
Net Investments	-7	-3	-2	-4	-1	8	9	46	-11	-16
Others ⓘ	0	1	5	0	1	1	1	1	1	2
Cash Flow From Financing Activity ⓘ +	-2	-5	-3	-1	-9	-7	-6	-67	-0	5
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	6
Interest Paid ⓘ	-0	-0	-0	-0	-0	-0	-0	-0	-0	-1
Dividend Paid ⓘ	-3	-3	-3	-3	-7	-6	-6	-67	0	-6
Others ⓘ	0	-2	-0	2	-2	-0	0	0	0	7
Net Cash Flow ⓘ	-2	0	4	6	-8	2	6	-9	2	-6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	7.8	5.37	6.63	7.91	9.64	6.15	8.69	12.78	15.12	15.07
ROCE (%)	12.11	7.32	7.05	10.38	13.59	8.4	10.92	16.83	20.55	19.92
Asset Turnover Ratio	0.07	0.81	0.86	0.85	0.85	0.83	0.94	1.33	1.45	1.29
PAT to CFO Conversion(x)	0.88	1.17	1.13	1.2	0.38	0.38	0.17	0.93	1	1
Working Capital Days
Receivable Days	41.20	49.30	53.60	55.50	53.40	51.40	38.80	33.50	41.50	45.20
Inventory Days	94.80	111.60	103.20	84.60	85.90	101.70	104.90	92.20	93.70	89.90
Payable Days	20.70	38.20	45.30	51.10	60.60	57.40	56.70	45.90	47.60	52.50

About Narmada Gelatines Ltd

Narmada Gelatines, erstwhile Shaw Wallace Gelatines Ltd and a member of Jumbo Group, was set up in 1961. The company is strategically located in the central Indian state of Madhya Pradesh and has convenient access to its main and essential inputs of crushed bones, acid, lime and good quality water.

Narmada Gelatines, has pioneered the manufacture of ossein and gelatin in India and is today a frontrunner in India's gelatine Industry meeting exacting standards of various users worldwide.

Narmada has successfully applied sophisticated technology to ensure quality at each stage of its manufacturing process so that our products meet international quality standards and is commercially worthy of a broad spectrum of usages in the dynamic domestic and international markets.

The company has a government recognized in house R & D facility; a professional marketing set up with stock points / warehouses in major Indian metros; an all India purchase set up tied up with backward integrated units and a dominant position in the domestic market.

Production of gelatine at Narmada Gelatines Limited is undertaken at strictly controlled and stable conditions. Quality is a byword at Narmada Gelatines Limited and is closely monitored at each stage of the process. Quality techniques are constantly improved as these exacting quality control systems and standards have naturally resulted in recognition and awards.

Product range of the company:

The company is engaged in the manufacturing of gelatine for use in different purposes like:

Pharmaceutical
Edible
Industrial
Photographic

Achievements/ recognition:

Award for Ossein Export by Capexil in 1975
National award for Import substitute by the Government of India in 1992
Export performance award from Madhya Pradesh Industrial Organisation in 1994
Highest Gelatine export by Capexil in 1995
National Award for outstanding contribution in Environment to an employee in 1998
Capexil Award for Gelatine Export in 2001
Capexil Award for Gelatine Export in 2004

Certifications:

ISO 9000:2001 by BVQI
HACCP by DNV
EDQM
HALAL - Jamait - E - ULAMA
KOSHER
Drug Licence - Govt. of MP
GMP -Govt. of MP

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Narmada Gelatines Ltd (SHAWGELTIN) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Narmada Gelatines Share Price