Narmada Agrobase Ltd
Incorporated in 2013, Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed[1]
- Market Cap ₹ 89.1 Cr.
- Current Price ₹ 11.7
- High / Low ₹ 22.6 / 9.55
- Stock P/E 28.5
- Book Value ₹ 8.05
- Dividend Yield 0.00 %
- ROCE 8.95 %
- ROE 6.70 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.13% over last 3 years.
- Company has high debtors of 166 days.
- Promoter holding has decreased over last 3 years: -16.2%
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Animal Feed
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21.97 | 30.53 | 34.45 | 37.00 | 47.50 | 61.46 | 58.14 | 34.61 | 49.48 | 49.74 | 64.68 | 77.56 | 98.11 | |
| Sales growth | +38.96% | +12.84% | +7.40% | +28.38% | +29.39% | -5.40% | -40.47% | +42.96% | +0.53% | +30.04% | +19.91% | +48.27% | |
| 21.12 | 29.35 | 33.02 | 35.43 | 45.87 | 59.00 | 55.90 | 32.61 | 47.46 | 47.22 | 59.10 | 72.58 | 94.06 | |
| Operating Profit | 0.85 | 1.18 | 1.43 | 1.57 | 1.63 | 2.46 | 2.24 | 2.00 | 2.02 | 2.52 | 5.58 | 4.98 | 4.05 |
| OPM % | 3.87% | 3.87% | 4.15% | 4.24% | 3.43% | 4.00% | 3.85% | 5.78% | 4.08% | 5.07% | 8.63% | 6.42% | 4.13% |
| 0.02 | 0.02 | 0.02 | 0.07 | 0.28 | 0.03 | 0.04 | 0.06 | 0.05 | 0.07 | 0.66 | 1.27 | 1.19 | |
| Interest | 0.43 | 0.70 | 0.75 | 0.82 | 0.70 | 1.03 | 0.85 | 0.82 | 0.86 | 0.96 | 0.84 | 0.82 | 0.74 |
| Depreciation | 0.27 | 0.27 | 0.30 | 0.28 | 0.54 | 0.40 | 0.42 | 0.37 | 0.32 | 0.28 | 0.24 | 0.22 | 0.22 |
| Profit before tax | 0.17 | 0.23 | 0.40 | 0.54 | 0.67 | 1.06 | 1.01 | 0.87 | 0.89 | 1.35 | 5.16 | 5.21 | 4.28 |
| Tax % | 17.65% | 21.74% | 25.00% | 25.93% | 25.37% | 25.47% | 32.67% | 31.03% | 26.97% | 24.44% | 20.74% | 25.91% | |
| 0.14 | 0.19 | 0.30 | 0.40 | 0.50 | 0.79 | 0.68 | 0.61 | 0.65 | 1.02 | 4.09 | 3.86 | 3.13 | |
| EPS in Rs | 0.12 | 0.11 | 0.17 | 0.16 | 0.14 | 0.22 | 0.19 | 0.17 | 0.18 | 0.28 | 0.54 | 0.51 | 0.42 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | 15.06% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 6% |
| 3 Years: | 16% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 40% |
| 3 Years: | 81% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 17% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.25 | 1.83 | 1.83 | 5.19 | 7.53 | 13.55 | 13.55 | 13.55 | 13.55 | 13.55 | 37.94 | 37.94 | 37.94 |
| Reserves | 0.11 | 0.30 | 0.64 | 0.42 | 6.04 | 0.71 | 1.39 | 1.68 | 2.33 | 3.35 | 17.93 | 21.40 | 23.14 |
| 6.71 | 7.93 | 10.22 | 7.39 | 9.13 | 8.44 | 8.69 | 9.72 | 10.07 | 9.68 | 9.47 | 10.10 | 10.04 | |
| 0.89 | 0.67 | 0.98 | 1.44 | 0.88 | 1.57 | 3.29 | 1.55 | 1.37 | 1.38 | 1.12 | 2.81 | 3.49 | |
| Total Liabilities | 8.96 | 10.73 | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.50 | 27.32 | 27.96 | 66.46 | 72.25 | 74.61 |
| 2.38 | 2.71 | 2.66 | 2.74 | 4.66 | 3.89 | 3.50 | 3.75 | 3.44 | 3.18 | 2.97 | 2.91 | 2.81 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.02 | -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 | -0.00 | 1.70 | 2.35 |
| 6.37 | 7.81 | 10.58 | 11.23 | 18.31 | 20.38 | 23.42 | 22.75 | 23.88 | 24.78 | 63.47 | 67.64 | 69.45 | |
| Total Assets | 8.96 | 10.73 | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.50 | 27.32 | 27.96 | 66.46 | 72.25 | 74.61 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1.25 | 1.21 | -5.10 | 0.49 | 0.30 | -0.08 | 0.05 | 0.93 | -15.93 | -1.30 | |||
| -0.44 | -0.34 | -2.32 | 0.46 | 0.04 | 0.06 | 0.37 | 0.35 | -3.58 | -2.95 | |||
| 1.52 | -0.82 | 8.52 | -1.94 | -0.40 | 0.22 | -0.52 | -1.35 | 33.83 | -0.18 | |||
| Net Cash Flow | -0.17 | 0.05 | 1.11 | -1.00 | -0.07 | 0.20 | -0.10 | -0.07 | 14.32 | -4.43 | ||
| Free Cash Flow | -1.49 | 0.84 | -7.56 | 0.36 | 0.26 | -0.08 | 0.05 | 0.92 | -15.98 | -1.45 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -83% | 86% | -299% | 24% | 28% | 14% | 14% | 45% | -271% | -8% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30.07 | 26.66 | 31.89 | 31.07 | 58.02 | 67.41 | 101.83 | 151.97 | 97.52 | 97.74 | 107.56 | 166.45 |
| Inventory Days | 73.60 | 54.43 | 70.88 | 75.62 | 70.33 | 37.81 | 28.83 | 77.66 | 75.95 | 84.67 | 154.49 | 75.38 |
| Days Payable | 10.54 | 6.97 | 8.63 | 11.98 | 3.54 | 4.02 | 15.92 | 10.03 | 7.25 | 6.35 | 1.38 | 6.63 |
| Cash Conversion Cycle | 93.13 | 74.11 | 94.14 | 94.71 | 124.80 | 101.19 | 114.74 | 219.59 | 166.22 | 176.06 | 260.66 | 235.21 |
| Working Capital Days | 21.27 | 25.70 | 26.81 | 25.35 | 59.01 | 53.09 | 64.10 | 104.62 | 87.34 | 94.00 | 194.58 | 180.15 |
| ROCE % | 10.26% | 10.11% | 10.59% | 7.68% | 9.21% | 8.20% | 6.96% | 6.88% | 8.79% | 13.05% | 8.95% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Capacity Utilization - Cattle Feed Plant % |
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| Capacity Utilization - Delinting Plant % |
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| Capacity Utilization - Pallet Plant % |
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| Cattle Feed Revenue Share % |
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| Cottonseed Revenue Share % |
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| Export Revenue Share % |
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| Installed Capacity TPA |
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| Number of Brands count |
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| Overall Capacity Utilization % |
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| Retail Points count |
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| Wholesale Points count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Attached herewith the Newspaper Publication of Unaudited Standalone and Consolidated Financial results of the Company for the quarter and half year ended on 30-09-2026.
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Results - Financial Results For 30-09-2026.
- Board approved Q2 FY26 results; standalone net profit ₹56.49 lakh, H1 profit ₹131.87 lakh.
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Board Meeting Outcome for To Consider And Approve The Unaudited Financial Results (Standalone & Consolidated) Of The Company For The Quarter And Half Year Ended On 30Th September, 2026.
- Board approved Q2 FY2026 unaudited results; rights issue proceeds utilization reported and stock split reiterated.
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Board Meeting Intimation for To Consider And Approve The Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended On 30-09-2026.
- Board meets on 2 Nov 2026 to consider Q2 and half-year unaudited results; trading window closed until 5 Nov.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Attached herewith the Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
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Annual Report 2020
from nse
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Annual Report 2019
from nse
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Annual Report 2018
from nse
Concalls
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Feb 2026PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript
Business Overview:[1]
NAL is engaged in the manufacturing and marketing of cattle feed products catering
to the nutritional requirements of dairy animals and marketing. The company's focus remains
on delivering feed solutions that enhance animal productivity while maintaining quality standards and supply chain management.