Narmada Macplast Drip Irrigation Systems Ltd

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Narmada Macplast Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Narmada Macplast Drip Irrigation Systems Ltd

₹ 22.5 2.27%
26 Oct 10:14 a.m.
narmadadrip.com BSE: 517431
About

Incorporated in 1992, Narmada
Macplast Drip Irrigation Systems
Ltd is in business of drip irrigation
system[1]

Key Points

Business Overview:[1][2]
NMDISL is in the business of manufacturing
and distribution of drip irrigation systems
and related plastic products. The company
deals in a wide range of plastic pipes, hoses,
irrigation equipment, and raw plastic materials.

Website BSE
  • Market Cap ₹ 81.5 Cr.
  • Current Price ₹ 22.5
  • High / Low ₹ 29.6 / 14.6
  • Stock P/E 44.8
  • Book Value ₹ 2.86
  • Dividend Yield 0.05 %
  • ROCE 26.9 %
  • ROE 19.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 7.69 times its book value
  • Promoter holding is low: 5.58%
  • Company has a low return on equity of 4.96% over last 3 years.
  • 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

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Quarterly Results

Figures in Rs. Crores

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
0.06 1.42 0.34 0.00 0.98 3.53 2.47 3.10 3.13 3.34 3.74 3.69 3.25
0.06 1.50 0.38 0.06 0.86 3.33 2.06 2.56 2.58 2.77 3.13 3.08 2.62
Operating Profit 0.00 -0.08 -0.04 -0.06 0.12 0.20 0.41 0.54 0.55 0.57 0.61 0.61 0.63
OPM % 0.00% -5.63% -11.76% 12.24% 5.67% 16.60% 17.42% 17.57% 17.07% 16.31% 16.53% 19.38%
0.06 0.07 0.03 0.08 0.12 5.51 0.11 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.05 -0.02 -0.02 0.00 0.23 5.71 0.52 0.54 0.55 0.57 0.61 0.61 0.63
Tax % 0.00% 0.00% 0.00% 17.39% 16.64% 17.31% 25.93% 25.45% 26.32% 26.23% 26.23% 20.63%
0.05 -0.02 -0.03 0.00 0.19 4.76 0.43 0.40 0.41 0.42 0.45 0.45 0.50
EPS in Rs 0.01 -0.01 -0.01 0.00 0.05 1.31 0.12 0.11 0.11 0.12 0.12 0.12 0.14
Raw PDF

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 TTM
0.02 0.37 5.95 0.45 8.94 3.97 3.67 12.46 10.02 1.81 6.98 13.31 14.02
0.25 0.32 5.79 0.37 8.87 3.98 3.66 12.48 10.26 1.97 6.30 11.00 11.60
Operating Profit -0.23 0.05 0.16 0.08 0.07 -0.01 0.01 -0.02 -0.24 -0.16 0.68 2.31 2.42
OPM % -1,150.00% 13.51% 2.69% 17.78% 0.78% -0.25% 0.27% -0.16% -2.40% -8.84% 9.74% 17.36% 17.26%
0.34 0.04 0.04 0.04 0.04 0.04 0.03 0.06 0.29 0.22 5.82 0.00 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 0.04 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 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 2.42
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 1.67 1.82
EPS in Rs 0.04 0.01 0.02 0.00 0.00 0.00 0.00 0.00 1.49 0.46 0.50
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.71%
Compounded Sales Growth
10 Years: 43%
5 Years: 29%
3 Years: 10%
TTM: 15%
Compounded Profit Growth
10 Years: 42%
5 Years: %
3 Years: 451%
TTM: -70%
Stock Price CAGR
10 Years: %
5 Years: 114%
3 Years: 151%
1 Year: -18%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 5%
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 Sep 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 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 3.11
0.59 0.00 0.00 0.39 0.34 0.15 0.35 0.43 0.43 0.61 0.00 0.04 0.07
0.98 1.66 1.46 0.47 1.29 0.15 3.12 3.47 0.61 0.51 1.13 9.61 7.57
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 18.00
0.35 0.33 0.31 0.33 0.31 0.30 0.29 0.27 0.35 0.39 0.02 0.02 0.01
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 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 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 17.98
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 18.00

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 13% 180% 69% 362% 86% 1,300% 100% 100% 621% 225% -796% -9%

Ratios

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% 26.92%

Insights

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Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of employees (excluding Managing Director and Whole-time Director)
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Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
45.67% 45.67% 45.67% 12.34% 5.58% 5.58% 5.58% 5.58% 5.58% 5.58% 5.58% 5.58%
1.34% 1.34% 1.34% 1.34% 1.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.47%
53.00% 52.99% 52.99% 86.31% 93.08% 94.42% 94.43% 94.42% 94.42% 94.41% 94.41% 93.96%
No. of Shareholders 2,9543,0393,0823,1533,3704,2834,4856,5558,0007,6696,9406,220

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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