National Standard (India) Ltd
₹ 1,420
0.78%
17 Apr
- close price
- Market Cap ₹ 2,839 Cr.
- Current Price ₹ 1,420
- High / Low ₹ 3,919 / 1,206
- Stock P/E 294
- Book Value ₹ 141
- Dividend Yield 0.00 %
- ROCE 4.79 %
- ROE 3.49 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 10.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.91% over past five years.
- Company has a low return on equity of 4.73% over last 3 years.
- Earnings include an other income of Rs.19.5 Cr.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 147.89 | 184.12 | 111.34 | 35.49 | 13.82 | 5.39 | 16.86 | 25.46 | 17.35 | 21.37 | 22.33 | 20.42 | |
| 82.55 | 94.88 | 52.05 | 25.17 | 18.75 | 6.20 | 15.17 | 10.74 | 15.86 | 17.94 | 22.17 | 26.68 | |
| Operating Profit | 65.34 | 89.24 | 59.29 | 10.32 | -4.93 | -0.81 | 1.69 | 14.72 | 1.49 | 3.43 | 0.16 | -6.26 |
| OPM % | 44.18% | 48.47% | 53.25% | 29.08% | -35.67% | -15.03% | 10.02% | 57.82% | 8.59% | 16.05% | 0.72% | -30.66% |
| 14.12 | 21.34 | 23.21 | 12.26 | 11.25 | 9.46 | 14.51 | 19.39 | 10.58 | 16.52 | 18.13 | 19.54 | |
| Interest | 12.66 | 19.21 | 10.74 | 5.37 | 0.29 | 0.13 | 0.21 | 0.08 | 0.05 | -0.00 | -0.00 | -0.00 |
| Depreciation | 0.34 | 0.03 | 0.08 | 0.02 | 0.02 | 0.23 | 0.24 | 0.12 | -0.00 | -0.00 | 0.02 | -0.00 |
| Profit before tax | 66.46 | 91.34 | 71.68 | 17.19 | 6.01 | 8.29 | 15.75 | 33.91 | 12.02 | 19.95 | 18.27 | 13.28 |
| Tax % | 36.23% | 33.49% | 42.22% | 35.31% | 20.80% | 21.23% | 29.78% | 27.46% | 31.36% | 26.12% | 27.75% | 27.26% |
| 42.38 | 60.75 | 41.42 | 11.12 | 4.76 | 6.53 | 11.05 | 24.61 | 8.25 | 14.74 | 13.20 | 9.66 | |
| EPS in Rs | 21.19 | 30.38 | 20.71 | 5.56 | 2.38 | 3.26 | 5.52 | 12.30 | 4.12 | 7.37 | 6.60 | 4.83 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -20% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| TTM: | -27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | -35% |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Reserves | 55.71 | 116.66 | 158.08 | 169.20 | 173.96 | 180.49 | 191.54 | 216.15 | 224.40 | 239.14 | 252.34 | 262.00 |
| 149.64 | 114.29 | 78.88 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| 97.10 | 110.03 | 39.38 | 15.93 | 11.98 | 13.77 | 15.73 | 9.62 | 9.05 | 8.45 | 4.82 | 2.87 | |
| Total Liabilities | 322.45 | 360.98 | 296.34 | 205.13 | 205.94 | 214.26 | 227.27 | 245.77 | 253.45 | 267.59 | 277.16 | 284.87 |
| 0.21 | 0.19 | 0.11 | 0.08 | 4.04 | 4.85 | 3.44 | 0.03 | 0.02 | 0.02 | -0.00 | -0.00 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 322.24 | 360.79 | 296.23 | 205.05 | 201.90 | 209.41 | 223.83 | 245.74 | 253.43 | 267.57 | 277.16 | 284.87 | |
| Total Assets | 322.45 | 360.98 | 296.34 | 205.13 | 205.94 | 214.26 | 227.27 | 245.77 | 253.45 | 267.59 | 277.16 | 284.87 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 53.58 | 77.99 | -11.75 | -19.67 | 7.14 | 2.14 | 1.37 | 2.89 | 12.83 | -0.98 | -8.26 | -6.02 | |
| -103.69 | -20.49 | 51.40 | 106.40 | -9.04 | -0.59 | -3.25 | -1.56 | -13.76 | 0.96 | 7.50 | 17.48 | |
| 41.85 | -50.71 | -47.70 | -85.87 | -0.33 | -0.03 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| Net Cash Flow | -8.27 | 6.79 | -8.04 | 0.86 | -2.23 | 1.52 | -1.88 | 1.33 | -0.93 | -0.02 | -0.76 | 11.46 |
| Free Cash Flow | 53.58 | 77.99 | -11.75 | -19.66 | 7.14 | 2.14 | 1.37 | 2.89 | 12.83 | -0.98 | -8.26 | -6.02 |
| CFO/OP | 98% | 123% | 45% | -37% | -251% | -570% | 457% | 57% | 1,276% | 149% | -2,050% | 46% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68.61 | 30.59 | 35.18 | 74.25 | 206.80 | 335.88 | 75.99 | 236.69 | 23.14 | 18.79 | 46.75 | 42.18 |
| Inventory Days | -0.00 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 68.61 | 30.59 | 35.18 | 74.25 | 206.80 | 335.88 | 75.99 | 236.69 | 23.14 | 18.79 | 46.75 | 42.18 |
| Working Capital Days | 181.08 | 258.88 | 574.58 | 1,891.03 | 4,877.85 | 12,619.93 | 4,201.18 | 2,887.74 | 5,002.29 | 4,296.14 | 4,334.23 | 4,713.00 |
| ROCE % | 44.78% | 46.42% | 32.45% | 10.11% | 3.29% | 4.27% | 5.83% | 15.18% | 5.02% | 7.92% | 6.88% | 4.79% |
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 |
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| Inventory (Total) INR Lakhs |
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| Sale of Building Materials INR Lakhs |
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| Number of Employees Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14h - Newspaper Advertisement - Audited Financial Results for the quarter and financial year March 31, 2026
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Rohit Singhvi appointed CFO from April 18, 2026; Rameshchandra Chechani resigned April 17, 2026.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
1d - Board approved Walker Chandiok & Co. LLP as statutory auditor for five years from FY27, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
1d - Rohit Singhvi appointed CFO from April 18, 2026; Rameshchandra Chechani resigned April 17, 2026.
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Audited Financial Results Of The Company For Quarter And Financial Year Ended March 31, 2026
1d - Board approved FY26 audited results; profit ₹965.89 lakh, auditor issued unmodified opinion.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
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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
from bse
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Financial Year 2010
from bse
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.