National Standard (India) Ltd

National Standar Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

National Standard (India) Ltd

₹ 1,346 -3.86%
27 Mar - close price
nsil.net.in BSE: 504882
About

National Standard (India) Limited, incorporated in 1962, is presently engaged in the business of Real Estate Development.[1] The Company is a subsidiary of Lodha Developers Ltd. The ultimate holding company is Sambhavnath Infrabuild and Farms Pvt. Ltd.[2]

Key Points

Merger by Absorption[1]
In Jul’24, the board approved a merger of the company into Lodha Developers Ltd., later modified in Aug’25. The scheme received BSE approval in Dec’25 and is pending filing with the NCLT, Mumbai Bench.

Website BSE
  • Market Cap ₹ 2,692 Cr.
  • Current Price ₹ 1,346
  • High / Low ₹ 4,199 / 1,206
  • Stock P/E 223
  • Book Value ₹ 139
  • Dividend Yield 0.00 %
  • ROCE 6.88 %
  • ROE 4.97 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 9.70 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.78% over last 3 years.
  • Earnings include an other income of Rs.19.9 Cr.
  • Debtor days have increased from 29.6 to 46.8 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
5.80 9.43 0.45 0.52 14.82 5.59 0.03 3.80 15.69 2.81 0.00 17.25 3.17
3.75 8.61 0.75 0.83 12.24 4.12 0.85 1.76 16.66 2.92 2.85 17.61 3.23
Operating Profit 2.05 0.82 -0.30 -0.31 2.58 1.47 -0.82 2.04 -0.97 -0.11 -2.85 -0.36 -0.06
OPM % 35.34% 8.70% -66.67% -59.62% 17.41% 26.30% -2,733.33% 53.68% -6.18% -3.91% -2.09% -1.89%
2.75 2.91 4.13 4.14 4.00 4.25 4.61 4.37 4.15 5.01 4.34 6.19 4.37
Interest 0.00 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
Profit before tax 4.80 3.69 3.83 3.83 6.58 5.72 3.79 6.41 3.18 4.88 1.49 5.83 4.31
Tax % 32.29% 26.83% 26.89% 26.63% 25.23% 26.05% 30.34% 24.96% 32.08% 26.43% 33.56% 26.93% 24.59%
3.24 2.70 2.80 2.80 4.92 4.22 2.64 4.80 2.15 3.60 0.99 4.26 3.25
EPS in Rs 1.62 1.35 1.40 1.40 2.46 2.11 1.32 2.40 1.08 1.80 0.50 2.13 1.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
111 148 184 111 35 14 5 17 25 17 21 22 23
65 83 95 52 25 19 6 15 11 16 18 22 27
Operating Profit 46 65 89 59 10 -5 -1 2 15 1 3 0 -3
OPM % 41% 44% 48% 53% 29% -36% -15% 10% 58% 9% 16% 1% -15%
17 14 21 23 12 11 9 15 19 11 17 18 20
Interest 16 13 19 11 5 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 47 66 91 72 17 6 8 16 34 12 20 18 17
Tax % 33% 36% 33% 42% 35% 21% 21% 30% 27% 31% 26% 28%
31 42 61 41 11 5 7 11 25 8 15 13 12
EPS in Rs 15.62 21.19 30.38 20.71 5.56 2.38 3.26 5.52 12.30 4.12 7.37 6.60 6.05
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -17%
5 Years: 33%
3 Years: -4%
TTM: -7%
Compounded Profit Growth
10 Years: -11%
5 Years: 15%
3 Years: -19%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: -32%
1 Year: -62%
Return on Equity
10 Years: 10%
5 Years: 6%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 13 56 117 158 169 174 180 192 216 224 239 252 258
95 150 114 79 0 0 0 0 0 0 0 0 0
67 97 110 39 16 12 14 16 10 9 8 5 6
Total Liabilities 195 322 361 296 205 206 214 227 246 253 268 277 284
1 0 0 0 0 4 5 3 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
194 322 361 296 205 202 209 224 246 253 268 277 284
Total Assets 195 322 361 296 205 206 214 227 246 253 268 277 284

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
50 54 78 -12 -20 7 2 1 3 13 -1 -8
-2 -104 -20 51 106 -9 -1 -3 -2 -14 1 8
-37 42 -51 -48 -86 -0 -0 0 0 0 0 0
Net Cash Flow 10 -8 7 -8 1 -2 2 -2 1 -1 -0 -1
Free Cash Flow 50 54 78 -12 -20 7 2 1 3 13 -1 -8
CFO/OP 113% 98% 123% 45% -37% -251% -570% 457% 57% 1,276% 149% -2,050%

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 69 31 35 74 207 336 76 237 23 19 47
Inventory Days
Days Payable
Cash Conversion Cycle 25 69 31 35 74 207 336 76 237 23 19 47
Working Capital Days 72 181 259 575 1,891 4,878 12,620 4,201 2,888 5,002 4,296 4,334
ROCE % 51% 45% 46% 32% 10% 3% 4% 6% 15% 5% 8% 7%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Income From Property Development
INR Lakhs

Log in to view insights

Please log in to see hidden values.

Login
Inventory (Total)
INR Lakhs
Sale of Building Materials
INR Lakhs
Number of Employees
Number

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94% 73.94%
26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.05% 26.06% 26.05%
No. of Shareholders 2,7122,7182,6802,6252,6002,5762,5202,4782,4652,7002,8752,877

Documents

Announcements

Annual reports