Narmada Macplast Drip Irrigation Systems Ltd
Incorporated in 1992, Narmada
Macplast Drip Irrigation Systems
Ltd is in business of drip irrigation
system[1]
- Market Cap ₹ 76.2 Cr.
- Current Price ₹ 21.0
- High / Low ₹ 34.6 / 14.6
- Stock P/E 45.4
- Book Value ₹ 2.59
- Dividend Yield 0.05 %
- ROCE 26.5 %
- ROE 19.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 8.11 times its book value
- Promoter holding is low: 5.58%
- Company has high debtors of 372 days.
- Promoter holding has decreased over last 3 years: -40.1%
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.37 | 5.95 | 0.45 | 8.94 | 3.97 | 3.67 | 12.46 | 10.02 | 1.81 | 6.98 | 13.31 | |
| 0.25 | 0.32 | 5.79 | 0.37 | 8.87 | 3.98 | 3.66 | 12.48 | 10.26 | 1.97 | 6.30 | 11.04 | |
| Operating Profit | -0.23 | 0.05 | 0.16 | 0.08 | 0.07 | -0.01 | 0.01 | -0.02 | -0.24 | -0.16 | 0.68 | 2.27 |
| OPM % | -1,150.00% | 13.51% | 2.69% | 17.78% | 0.78% | -0.25% | 0.27% | -0.16% | -2.40% | -8.84% | 9.74% | 17.05% |
| 0.34 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.06 | 0.29 | 0.22 | 5.82 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.00 |
| Depreciation | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 |
| Profit before tax | 0.08 | 0.06 | 0.17 | 0.09 | 0.09 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 6.47 | 2.27 |
| Tax % | 0.00% | 16.67% | 5.88% | 44.44% | 22.22% | 0.00% | 0.00% | 100.00% | 16.54% | 25.99% | ||
| 0.08 | 0.05 | 0.16 | 0.05 | 0.07 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 5.39 | 1.68 | |
| EPS in Rs | 0.04 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.49 | 0.46 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 29% |
| 3 Years: | 10% |
| TTM: | 91% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | % |
| 3 Years: | 452% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 104% |
| 3 Years: | 163% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 16% |
| Last Year: | 20% |
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 | 3.48 | 3.48 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 7.25 |
| Reserves | -1.49 | -1.57 | -1.42 | -1.37 | -1.32 | -1.32 | -1.32 | -1.31 | -1.28 | -1.29 | 4.10 | 2.15 |
| 0.59 | 0.00 | 0.00 | 0.39 | 0.34 | 0.15 | 0.35 | 0.43 | 0.43 | 0.61 | 0.00 | 0.04 | |
| 0.98 | 1.66 | 1.46 | 0.47 | 1.29 | 0.15 | 3.12 | 3.47 | 0.61 | 0.51 | 1.13 | 9.61 | |
| Total Liabilities | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.60 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |
| 0.35 | 0.33 | 0.31 | 0.33 | 0.31 | 0.30 | 0.29 | 0.27 | 0.35 | 0.39 | 0.02 | 0.02 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 |
| Investments | 0.67 | 0.70 | 0.73 | 0.87 | 0.90 | 0.81 | 0.83 | 0.59 | 0.61 | 0.65 | 0.01 | 0.01 |
| 2.54 | 2.54 | 2.62 | 1.91 | 2.72 | 1.49 | 4.65 | 5.35 | 2.42 | 2.34 | 8.82 | 19.02 | |
| Total Assets | 3.56 | 3.57 | 3.66 | 3.11 | 3.93 | 2.60 | 5.77 | 6.21 | 3.38 | 3.45 | 8.85 | 19.05 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | 0.09 | 0.10 | 0.28 | 0.04 | -0.13 | 0.01 | -0.02 | -1.49 | -0.36 | -5.41 | -0.35 | |
| -0.25 | -0.04 | -0.03 | -0.18 | -0.04 | 0.09 | -0.01 | 0.24 | -0.94 | -0.12 | 6.47 | 0.00 | |
| 0.12 | -0.04 | 0.12 | -0.06 | -0.07 | -0.18 | 0.19 | -0.18 | 2.74 | 0.15 | -0.63 | 0.02 | |
| Net Cash Flow | -0.17 | 0.02 | 0.19 | 0.04 | -0.07 | -0.22 | 0.19 | 0.04 | 0.30 | -0.33 | 0.43 | -0.33 |
| Free Cash Flow | -0.03 | 0.09 | 0.10 | 0.28 | 0.04 | -0.13 | 0.00 | 0.22 | -1.85 | -0.48 | 0.40 | -0.35 |
| CFO/OP | 13% | 180% | 69% | 362% | 86% | 1,300% | 100% | 100% | 621% | 225% | -796% | -9% |
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 | 9,125.00 | 601.76 | 37.42 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Inventory Days | 1,095.00 | 260.71 | 2.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Days Payable | 4,197.50 | 2,372.50 | 60.83 | |||||||||
| Cash Conversion Cycle | 6,022.50 | -1,510.03 | -21.29 | 640.78 | 67.77 | 60.68 | 363.01 | 119.23 | 40.43 | 278.29 | 151.65 | 371.58 |
| Working Capital Days | -3,285.00 | 710.27 | 76.07 | 348.78 | 19.19 | 57.00 | 61.66 | 19.33 | 20.40 | 181.49 | 98.31 | 110.24 |
| ROCE % | 2.67% | 8.76% | 4.13% | 3.41% | 0.39% | 0.78% | 1.11% | 1.45% | 1.40% | 20.83% | 26.46% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Board Meetings Conducted Number |
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| Number of Employees Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Publication of Standalone Audited Financial results for the Quarter and Year ending March 31, 2026
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Board Meeting Outcome for Audited Financial Results For The Quarter And Year Ended On March 31, 2026
30 May - Board approved audited FY2026 results; PAT rose to Rs 167.50 lakh, with unmodified audit opinion.
-
Financial Results For The 31/03/2026
30 May - Board approved FY26 audited results; PAT was Rs 167.50 lakh with unmodified audit opinion.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Company says Regulation 24A annual secretarial compliance report is not applicable under Regulation 15(2) exemption.
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Board Meeting Intimation for Intimation Of Board Meeting To Consider And Approve The Audited Financial Results Of The Company
25 May - Board to meet on 30 May 2026 to approve audited FY26 results; trading window closed from 1 April 2026.
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
from bse
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2012
from bse
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Financial Year 2006
from bse
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Financial Year 2000
from bse
Services Offered:[1]
a) Import-Export, Consultancy of the
Plastic products and Raw materials, Govt.
Supplies and liaison work.
b) Suppliers of drip, sprinkler & land scape
garden irrigation equipment, and other related products.