National Standard (India) Ltd
₹ 1,628
-1.14%
23 Jan
- close price
- Market Cap ₹ 3,256 Cr.
- Current Price ₹ 1,628
- High / Low ₹ 4,322 / 1,206
- Stock P/E 269
- Book Value ₹ 139
- Dividend Yield 0.00 %
- ROCE 6.88 %
- ROE 4.97 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 11.7 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
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Quarterly Results
Figures in Rs. Crores
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: | 24% |
| 3 Years: | -35% |
| 1 Year: | -60% |
| 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 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Jan - Newspaper Advertisement - Un-audited Financial Results for the quarter and nine months ended December 31, 2025
-
Un-Audited Financial Results Of The Company For Quarter And Nine-Months Ended December 31, 2025
19 Jan - Board approved Q3/9M results; YTD profit Rs 849.58 lakh; merger with Lodha approved, NCLT filing pending.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, January 19, 2026
19 Jan - Approved Q3/9M results (Q3 PAT ₹325.24L; 9M PAT ₹849.58L); merger with Lodha Developers pending NCLT.
-
Board Meeting Intimation for Approval Of Un-Audited Financial Results Of The Company For The Quarter And Nine-Months Ended December 31, 2025
13 Jan - Board meeting Jan 19, 2026 to approve Q3FY26 unaudited results; trading window closed until 48 hours after declaration.
-
Recent Unusual Price Movement In The Shares Of The Company
9 Jan - Company clarifies unusual share price movement; BSE approved merger with Lodha Developers on Dec 30, 2025; no new disclosures.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
from bse
Revenue Break-up
Revenue from operations:
Income From Property Development - 39% vs (96% in FY 19)
Sale of Building Materials - 1 %
Other Operating Revenue - 6% vs (4% in FY 19)
Other Income was 64% of total revenue in FY 20 and 45% of total revenue in FY 19 constituting:
Interest from Loans - 98% vs (92% in FY 19)
Others - 2% vs (8% in FY 19) [1][2]
The loans and advances have been given to the holding co. [3]