Narmada Gelatines Ltd
Incorporated in 1969, Narmada Gelatines Ltd manufactures and sells Gelatine and Ossein[1]
- Market Cap ₹ 238 Cr.
- Current Price ₹ 393
- High / Low ₹ 449 / 300
- Stock P/E 13.8
- Book Value ₹ 197
- Dividend Yield 2.54 %
- ROCE 19.9 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 157%
Cons
- The company has delivered a poor sales growth of 7.07% over past five years.
- Company has a low return on equity of 13.8% over last 3 years.
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
130 | 134 | 131 | 113 | 118 | 126 | 134 | 135 | 157 | 191 | 182 | 189 | |
106 | 113 | 120 | 109 | 112 | 116 | 120 | 127 | 143 | 171 | 161 | 164 | |
Operating Profit | 24 | 21 | 11 | 4 | 5 | 9 | 14 | 8 | 15 | 20 | 21 | 25 |
OPM % | 19% | 16% | 8% | 3% | 5% | 7% | 11% | 6% | 9% | 10% | 12% | 13% |
3 | 4 | 3 | 6 | 4 | 5 | 6 | 6 | 3 | 2 | 2 | 2 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
Profit before tax | 25 | 23 | 13 | 8 | 8 | 13 | 18 | 11 | 15 | 20 | 21 | 23 |
Tax % | 35% | 34% | 36% | 27% | 5% | 24% | 28% | 26% | 20% | 23% | 26% | 24% |
16 | 16 | 8 | 6 | 8 | 10 | 13 | 8 | 12 | 15 | 15 | 17 | |
EPS in Rs | 27.10 | 25.62 | 13.70 | 10.10 | 13.29 | 16.63 | 21.29 | 13.98 | 20.40 | 25.26 | 25.34 | 28.45 |
Dividend Payout % | 12% | 14% | 29% | 40% | 30% | 60% | 47% | 72% | 49% | 396% | 39% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 7% |
3 Years: | 6% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 23% |
3 Years: | 25% |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 88 | 98 | 103 | 112 | 118 | 125 | 130 | 133 | 139 | 88 | 103 | 113 |
2 | 1 | 2 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 13 | |
16 | 15 | 17 | 21 | 16 | 22 | 24 | 26 | 25 | 23 | 25 | 27 | |
Total Liabilities | 109 | 120 | 128 | 140 | 140 | 155 | 161 | 165 | 170 | 117 | 134 | 159 |
24 | 23 | 23 | 22 | 25 | 24 | 26 | 29 | 27 | 28 | 27 | 33 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 7 |
Investments | 25 | 27 | 34 | 45 | 53 | 68 | 65 | 50 | 48 | 4 | 10 | 41 |
61 | 70 | 72 | 73 | 62 | 61 | 69 | 85 | 94 | 85 | 97 | 78 | |
Total Assets | 109 | 120 | 128 | 140 | 140 | 155 | 161 | 165 | 170 | 117 | 134 | 159 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 6 | 7 | 7 | 9 | 12 | 5 | 3 | 2 | 14 | 15 | 17 | |
-10 | -0 | -7 | -2 | -2 | -5 | -4 | 6 | 10 | 44 | -12 | -29 | |
-1 | -3 | -2 | -5 | -3 | -1 | -9 | -7 | -6 | -67 | -0 | 5 | |
Net Cash Flow | -1 | 3 | -2 | 0 | 4 | 6 | -8 | 2 | 6 | -9 | 2 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 40 | 41 | 47 | 52 | 59 | 56 | 55 | 48 | 36 | 37 | 44 | 48 |
Inventory Days | 174 | 194 | 169 | 192 | 144 | 144 | 166 | 166 | 185 | 152 | 161 | 155 |
Days Payable | 33 | 21 | 23 | 52 | 40 | 62 | 63 | 62 | 57 | 42 | 50 | 57 |
Cash Conversion Cycle | 182 | 214 | 193 | 193 | 163 | 138 | 158 | 152 | 164 | 147 | 155 | 146 |
Working Capital Days | 102 | 120 | 124 | 146 | 127 | 101 | 109 | 115 | 119 | 97 | 103 | 101 |
ROCE % | 28% | 21% | 12% | 4% | 5% | 7% | 11% | 5% | 10% | 16% | 20% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 May - Newspaper Advertisement of Audited Financial Results for the quarter and financial year ended 31st March, 2025, published in Hitavada (English) and Deshbandhu (Hindi) newspapers dated …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Annual Secretarial Compliance Report for FY ended March 31, 2025; no violations reported.
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Intimation W.R.T. Appointment Of Secretarial Auditor
24 May - Appointment of Dr. Asim Chattopadhyay as Secretarial Auditor for five years from April 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
24 May - Appointment of Pradeep V. Bharati as COO effective June 16, 2025, with 26 years' experience.
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Declaration Pursuant To Reg.33(3) Of SEBI(LODR)
24 May - Audit report with unmodified opinion for FY ended March 31, 2025 declared by Narmada Gelatines.
Annual reports
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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
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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 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company is engaged in the manufacture
of ossein and gelatin. It is located at Jabalpur
and has access to its main and essential
inputs of crushed bones, acid, lime and
water