Narmada Agrobase Ltd

Narmada Agrobase Ltd

₹ 21.0 -1.64%
18 Apr - close price
About

Incorporated in 2013, Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed[1]

Key Points

Business Overview:[1][2]
Company has 2 business segments viz. manufacturing of delinted cotton seeds and cattle feed. The raw material is purchased from local market from Ahmadabad. At present, company is marketing its product through a network of commission agents, brokers, distributors, etc. spread across Gujarat & Rajasthan. Company gets its sales majorly from Rajasthan

  • Market Cap 28.4 Cr.
  • Current Price 21.0
  • High / Low 35.0 / 16.6
  • Stock P/E 55.7
  • Book Value 11.9
  • Dividend Yield 0.00 %
  • ROCE 6.88 %
  • ROE 4.18 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.37%
  • The company has delivered a poor sales growth of 5.99% over past five years.
  • Company has a low return on equity of 4.35% 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Jun 2017 Sep 2017 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 17.37 7.21 8.72 12.68 7.91 13.24 10.62 18.26 7.95 11.41 12.22
0.00 16.59 6.86 8.15 12.01 7.52 12.61 10.06 17.81 7.50 10.94 11.77
Operating Profit 0.00 0.78 0.35 0.57 0.67 0.39 0.63 0.56 0.45 0.45 0.47 0.45
OPM % 4.49% 4.85% 6.54% 5.28% 4.93% 4.76% 5.27% 2.46% 5.66% 4.12% 3.68%
0.00 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.02
Interest 0.00 0.41 0.19 0.23 0.21 0.20 0.19 0.22 0.25 0.23 0.23 0.23
Depreciation 0.00 0.14 0.09 0.09 0.09 0.08 0.08 0.08 0.08 0.07 0.07 0.07
Profit before tax 0.00 0.26 0.09 0.26 0.38 0.12 0.37 0.27 0.13 0.16 0.20 0.17
Tax % 15.38% 33.33% 30.77% 31.58% 33.33% 27.03% 25.93% 23.08% 31.25% 15.00% 23.53%
0.00 0.21 0.06 0.18 0.26 0.08 0.27 0.20 0.10 0.11 0.17 0.13
EPS in Rs 0.00 0.45 0.04 0.13 0.19 0.06 0.20 0.15 0.07 0.08 0.13 0.10
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 TTM
21.97 30.53 34.45 37.00 47.50 61.46 58.14 34.61 49.48 49.84
21.12 29.35 33.02 35.43 45.87 59.00 55.90 32.61 47.46 48.02
Operating Profit 0.85 1.18 1.43 1.57 1.63 2.46 2.24 2.00 2.02 1.82
OPM % 3.87% 3.87% 4.15% 4.24% 3.43% 4.00% 3.85% 5.78% 4.08% 3.65%
0.02 0.02 0.02 0.07 0.28 0.03 0.04 0.06 0.05 0.07
Interest 0.43 0.70 0.75 0.82 0.70 1.03 0.85 0.82 0.86 0.94
Depreciation 0.27 0.27 0.30 0.28 0.54 0.40 0.42 0.37 0.32 0.29
Profit before tax 0.17 0.23 0.40 0.54 0.67 1.06 1.01 0.87 0.89 0.66
Tax % 17.65% 21.74% 25.00% 25.93% 25.37% 25.47% 32.67% 31.03% 26.97%
0.14 0.19 0.30 0.40 0.50 0.79 0.68 0.61 0.65 0.51
EPS in Rs 0.61 0.58 0.91 0.43 0.37 0.58 0.50 0.45 0.48 0.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 15.06% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: -7%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: -6%
TTM: -37%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 28%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 4%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.25 1.83 1.83 5.19 7.53 13.55 13.55 13.55 13.55 13.55
Reserves 0.11 0.30 0.64 0.42 6.04 0.71 1.39 1.68 2.33 2.61
6.71 7.93 10.22 7.39 9.13 8.44 8.69 9.72 10.07 9.79
0.89 0.67 0.98 1.44 0.88 1.57 3.29 1.55 1.37 2.43
Total Liabilities 8.96 10.73 13.67 14.44 23.58 24.27 26.92 26.50 27.32 28.38
2.38 2.71 2.66 2.74 4.66 3.89 3.50 3.75 3.44 3.31
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.21 0.21 0.43 0.47 0.61 0.00 0.00 0.00 0.00 0.00
6.37 7.81 10.58 11.23 18.31 20.38 23.42 22.75 23.88 25.07
Total Assets 8.96 10.73 13.67 14.44 23.58 24.27 26.92 26.50 27.32 28.38

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.25 1.21 -5.10 0.49 0.30 -0.08 0.05
-0.44 -0.34 -2.32 0.46 0.04 0.06 0.37
1.52 -0.82 8.52 -1.94 -0.40 0.22 -0.52
Net Cash Flow -0.17 0.05 1.11 -1.00 -0.07 0.20 -0.10

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30.07 26.66 31.89 31.07 58.02 67.41 101.83 151.97 97.52
Inventory Days 73.60 54.43 70.88 75.62 70.33 37.81 28.83 77.66 75.95
Days Payable 10.54 6.97 8.63 11.98 3.54 4.02 15.92 10.03 7.25
Cash Conversion Cycle 93.13 74.11 94.14 94.71 124.80 101.19 114.74 219.59 166.22
Working Capital Days 82.74 72.69 88.89 84.15 120.72 97.16 108.48 206.91 157.71
ROCE % 10.26% 10.11% 10.59% 7.68% 9.21% 8.20% 6.96% 6.88%

Shareholding Pattern

Numbers in percentages

26 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.91% 68.91% 68.70% 67.69% 67.05% 66.47% 66.47% 66.47% 66.47% 66.47% 63.94% 63.57%
31.10% 31.09% 31.31% 32.32% 32.95% 33.53% 33.53% 33.54% 33.53% 33.54% 36.07% 36.43%
No. of Shareholders 1791721711631561598811,8702,6663,4664,6017,009

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