Narmadesh Brass Industries Ltd
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.[1]
- Market Cap ₹ 95.7 Cr.
- Current Price ₹ 308
- High / Low ₹ 495 / 150
- Stock P/E 27.0
- Book Value ₹ 172
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Earnings include an other income of Rs.2.00 Cr.
- Working capital days have increased from 65.7 days to 156 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 44.27 | 59.96 | 78.88 | 87.72 | 95.22 | |
| 42.47 | 57.96 | 67.62 | 78.75 | 90.64 | |
| Operating Profit | 1.80 | 2.00 | 11.26 | 8.97 | 4.58 |
| OPM % | 4.07% | 3.34% | 14.27% | 10.23% | 4.81% |
| 0.18 | 0.13 | 0.17 | 0.33 | 2.00 | |
| Interest | 0.30 | 0.46 | 1.01 | 1.48 | 1.56 |
| Depreciation | 0.35 | 0.45 | 0.74 | 0.75 | 1.02 |
| Profit before tax | 1.33 | 1.22 | 9.68 | 7.07 | 4.00 |
| Tax % | 23.31% | 23.77% | 26.65% | 19.80% | 11.25% |
| 1.02 | 0.93 | 7.10 | 5.67 | 3.55 | |
| EPS in Rs | 35.50 | 28.35 | 11.45 | ||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | -37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 30% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 2.00 | 2.00 | 3.11 |
| Reserves | 3.32 | 8.92 | 6.97 | 12.64 | 50.15 |
| 4.84 | 5.94 | 22.98 | 25.50 | 10.77 | |
| 16.52 | 7.78 | 14.73 | 19.45 | 12.09 | |
| Total Liabilities | 24.68 | 22.64 | 46.68 | 59.59 | 76.12 |
| 5.29 | 7.29 | 10.81 | 14.50 | 15.95 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 |
| 19.33 | 15.29 | 35.87 | 45.09 | 60.17 | |
| Total Assets | 24.68 | 22.64 | 46.68 | 59.59 | 76.12 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 2.55 | -2.85 | -7.91 | 1.13 | -14.22 | |
| -0.86 | -2.58 | -3.60 | -4.16 | -5.65 | |
| -1.65 | 5.37 | 13.76 | 0.79 | 19.93 | |
| Net Cash Flow | 0.04 | -0.06 | 2.25 | -2.24 | 0.06 |
| Free Cash Flow | 2.11 | -5.30 | -11.71 | -3.03 | -18.75 |
| CFO/OP | 153% | -134% | -50% | 28% | -299% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 28.03 | 13.57 | 31.93 | 62.25 | 46.80 |
| Inventory Days | 119.03 | 70.39 | 88.91 | 94.96 | 140.21 |
| Days Payable | 150.34 | 39.48 | 17.23 | 31.57 | 27.42 |
| Cash Conversion Cycle | -3.29 | 44.49 | 103.61 | 125.64 | 159.59 |
| Working Capital Days | -11.96 | 12.97 | 11.71 | 29.09 | 156.20 |
| ROCE % | 14.60% | 45.72% | 23.72% | 10.67% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Capacity Utilization - Brass Billets % |
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| Capacity Utilization - Brass Components % |
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| Capacity Utilization - Brass Rods % |
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| Fixed Asset Turnover Ratio Times |
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| Installed Capacity - Brass Billets MTPA |
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| Installed Capacity - Brass Components MTPA |
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| Installed Capacity - Brass Rods MTPA |
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| Inventory Holding Period Days |
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| Revenue Contribution - Gujarat Market % |
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| Top 10 Customers Revenue Concentration % |
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| Trade Receivable Turnover Ratio Times |
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| Number of Total Workforce Number |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation (S) Or Variation(S) For The Year Ended March 31 2026
25 May - No deviation in use of Rs. 3,259 lakh public issue proceeds for half year ended March 31, 2026.
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Results For The Financial Year Ended March 31 2026
25 May - Board approved audited FY26 results; net profit Rs 355.13 lakh, revenue Rs 9,722.60 lakh.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Monday May 25 2026.
25 May - Board approved audited standalone results for FY26; unmodified audit opinion declared.
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Board Meeting Intimation for Intimation Of Board Meeting For Consideration And Approval Of Audited Financial Results (Standalone) For Half Year And Year Ended March 31 2026
19 May - Board meeting on May 25, 2026 to approve audited standalone results for H2 and FY ended March 31, 2026.
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Announcement Under Regulation 30 (LODR) Update (Reply To Clarification On Price Movement Sought By BSE Limited)
20 Apr - Company says no price-sensitive announcement pending; share price movement is market-driven.
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