Narmadesh Brass Industries Ltd

₹ 162 -4.41%

19 Mar 9:23 a.m.

About

Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.^[1]

Key Points

Business Profile^[1]
Narmadesh Brass Industries is a Jamnagar-based brass manufacturer engaged in producing brass rods, billets, and a wide range of brass components used in plumbing, sanitaryware, agriculture, electrical and industrial applications

Website BSE

Market Cap ₹ 50.4 Cr.
Current Price ₹ 162
High / Low ₹ 495 / 162
Stock P/E 8.89
Book Value ₹
Dividend Yield 0.00 %
ROCE 23.7 %
ROE 48.0 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 63.6%

Cons

Company might be capitalizing the interest cost
Debtor days have increased from 32.4 to 62.2 days.

* 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 Other Industrial Products

Part of BSE SME IPO

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Detailed Comparison with:

Half Yearly Results

Figures in Rs. Crores

	Sep 2025
	34.18
	27.97
Operating Profit	6.21
OPM %	18.17%
	0.04
Interest	0.80
Depreciation	0.60
Profit before tax	4.85
Tax %	17.11%
	4.01
EPS in Rs	16.71
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	44.27	59.96	117.81	87.72
	42.47	57.96	101.19	78.75
Operating Profit	1.80	2.00	16.62	8.97
OPM %	4.07%	3.34%	14.11%	10.23%
	0.18	0.13	0.18	0.33
Interest	0.30	0.46	1.46	1.48
Depreciation	0.35	0.45	1.14	0.75
Profit before tax	1.33	1.22	14.20	7.07
Tax %	23.31%	23.77%	26.27%	19.80%
	1.02	0.93	10.47	5.67
EPS in Rs			52.35	28.35
Dividend Payout %	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	26%
TTM:	-26%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	77%
TTM:	-46%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	64%
Last Year:	48%

Balance Sheet

Figures in Rs. Crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.00	0.00	2.00	2.00
Reserves	3.32	8.92	6.97	12.64
	4.84	5.94	22.98	25.50
	16.52	7.78	14.73	19.45
Total Liabilities	24.68	22.64	46.68	59.59
	5.29	7.29	10.81	14.50
CWIP	0.00	0.00	0.00	0.00
Investments	0.06	0.06	0.00	0.00
	19.33	15.29	35.87	45.09
Total Assets	24.68	22.64	46.68	59.59

Cash Flows

Figures in Rs. Crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2.55	-2.85	-13.09	1.13
	-0.86	-2.58	-7.03	-4.16
	-1.65	5.37	22.37	0.79
Net Cash Flow	0.04	-0.06	2.25	-2.24

Ratios

Figures in Rs. Crores

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	28.03	13.57	21.38	62.25
Inventory Days	119.03	70.39	59.42	94.96
Days Payable	150.34	39.48	11.51	31.57
Cash Conversion Cycle	-3.29	44.49	69.29	125.64
Working Capital Days	-11.96	12.97	7.84	29.09
ROCE %		14.60%	66.95%	23.72%

Insights

In beta

Mar 2023

Mar 2024

Sep 2025

Capacity Utilization - Brass Billets
%

x	xx	x
xx	xx	xx
xx	xx	xx
x.xx	x.xx	x.xx
x,xxx	x,xxx	x,xxx
x,xxx	x,xxx	x,xxx
x,xxx	x,xxx	x,xxx
xx	xx	xxx
xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	xx.xx
xx.xx	xx.xx	x.xx
		xx

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Capacity Utilization - Brass Components
%

Capacity Utilization - Brass Rods
%

Fixed Asset Turnover Ratio
Times

Installed Capacity - Brass Billets
MTPA

Installed Capacity - Brass Components
MTPA

Installed Capacity - Brass Rods
MTPA

Inventory Holding Period
Days

Revenue Contribution - Gujarat Market
%

Top 10 Customers Revenue Concentration
%

Trade Receivable Turnover Ratio
Times

Number of Total Workforce
Number

Shareholding Pattern

Numbers in percentages

6 Recently

	Jan 2026
	71.84%
	1.28%
	26.87%
No. of Shareholders	661

	Jan 2026
	71.84%
	1.28%
	26.87%
No. of Shareholders	661

* 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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Documents

Announcements

All

Annual reports

No data available.

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