Narmada Gelatines Ltd
Incorporated in 1969, Narmada Gelatines Ltd manufactures and sells Gelatine and Ossein[1]
- Market Cap ₹ 240 Cr.
- Current Price ₹ 396
- High / Low ₹ 449 / 300
- Stock P/E 13.0
- Book Value ₹ 197
- Dividend Yield 2.52 %
- 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
130 | 134 | 131 | 113 | 118 | 126 | 134 | 135 | 157 | 191 | 182 | 189 | 191 | |
106 | 113 | 120 | 109 | 112 | 116 | 120 | 127 | 143 | 171 | 161 | 164 | 165 | |
Operating Profit | 24 | 21 | 11 | 4 | 5 | 9 | 14 | 8 | 15 | 20 | 21 | 25 | 27 |
OPM % | 19% | 16% | 8% | 3% | 5% | 7% | 11% | 6% | 9% | 10% | 12% | 13% | 14% |
3 | 4 | 3 | 6 | 4 | 5 | 6 | 6 | 3 | 2 | 2 | 2 | 1 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 25 | 23 | 13 | 8 | 8 | 13 | 18 | 11 | 15 | 20 | 21 | 23 | 24 |
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 | 18 | |
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 | 30.49 |
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: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 15% |
3 Years: | 19% |
1 Year: | -3% |
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 | 98 | 117 | 120 | 146 | 127 | 95 | 108 | 115 | 119 | 97 | 103 | 88 |
ROCE % | 28% | 21% | 12% | 4% | 5% | 7% | 11% | 5% | 10% | 16% | 20% | 20% |
Documents
Announcements
-
Reg. 34 (1) Annual Report.
1 Sep - Corrigendum: promoter shareholding corrected to 24,23,321 (40.06%); promoters' aggregate now 75.00% in FY2024-25 report.
-
Announcement Under Regulation 30 - Letters Sent To Shareholders
29 Aug - Company dispatched letters providing Annual Report 2024-25 weblink to shareholders without registered emails; dispatch proof enclosed (Aug 29, 2025).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug
- Reg. 34 (1) Annual Report. 28 Aug
-
Notice Of The 64Th Annual General Meeting Of The Company
28 Aug - Notice of 64th AGM on September 22, 2025 via video conference; FY2024-25 annual report published.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
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