National Standard (India) Ltd
- Market Cap ₹ 640 Cr.
- Current Price ₹ 320
- High / Low ₹ 2,550 / 320
- Stock P/E 57.1
- Book Value ₹ 141
- Dividend Yield 0.00 %
- ROCE 4.79 %
- ROE 3.49 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.91% over past five years.
- Company has a low return on equity of 4.73% over last 3 years.
- Earnings include an other income of Rs.19.7 Cr.
* 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 148 | 184 | 111 | 35 | 14 | 5 | 17 | 25 | 17 | 21 | 22 | 20 | 19 | |
| 83 | 95 | 52 | 25 | 19 | 6 | 15 | 11 | 16 | 18 | 22 | 27 | 24 | |
| Operating Profit | 65 | 89 | 59 | 10 | -5 | -1 | 2 | 15 | 1 | 3 | 0 | -6 | -4 |
| OPM % | 44% | 48% | 53% | 29% | -36% | -15% | 10% | 58% | 9% | 16% | 1% | -31% | -23% |
| 14 | 21 | 23 | 12 | 11 | 9 | 15 | 19 | 11 | 17 | 18 | 20 | 20 | |
| Interest | 13 | 19 | 11 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 66 | 91 | 72 | 17 | 6 | 8 | 16 | 34 | 12 | 20 | 18 | 13 | 15 |
| Tax % | 36% | 33% | 42% | 35% | 21% | 21% | 30% | 27% | 31% | 26% | 28% | 27% | |
| 42 | 61 | 41 | 11 | 5 | 7 | 11 | 25 | 8 | 15 | 13 | 10 | 11 | |
| EPS in Rs | 21.19 | 30.38 | 20.71 | 5.56 | 2.38 | 3.26 | 5.52 | 12.30 | 4.12 | 7.37 | 6.60 | 4.83 | 5.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -20% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -25% |
| 3 Years: | -59% |
| 1 Year: | -87% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 56 | 117 | 158 | 169 | 174 | 180 | 192 | 216 | 224 | 239 | 252 | 262 |
| 150 | 114 | 79 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 97 | 110 | 39 | 16 | 12 | 14 | 16 | 10 | 9 | 8 | 5 | 3 | |
| Total Liabilities | 322 | 361 | 296 | 205 | 206 | 214 | 227 | 246 | 253 | 268 | 277 | 285 |
| 0 | 0 | 0 | 0 | 4 | 5 | 3 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 322 | 361 | 296 | 205 | 202 | 209 | 224 | 246 | 253 | 268 | 277 | 285 | |
| Total Assets | 322 | 361 | 296 | 205 | 206 | 214 | 227 | 246 | 253 | 268 | 277 | 285 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 78 | -12 | -20 | 7 | 2 | 1 | 3 | 13 | -1 | -8 | -6 | |
| -104 | -20 | 51 | 106 | -9 | -1 | -3 | -2 | -14 | 1 | 8 | 17 | |
| 42 | -51 | -48 | -86 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Cash Flow | -8 | 7 | -8 | 1 | -2 | 2 | -2 | 1 | -1 | -0 | -1 | 11 |
| Free Cash Flow | 54 | 78 | -12 | -20 | 7 | 2 | 1 | 3 | 13 | -1 | -8 | -6 |
| CFO/OP | 98% | 123% | 45% | -37% | -251% | -570% | 457% | 57% | 1,276% | 149% | -2,050% | 46% |
Ratios
Figures in Rs. Crores
| 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 | 69 | 31 | 35 | 74 | 207 | 336 | 76 | 237 | 23 | 19 | 47 | 42 |
| Inventory Days | 0 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 69 | 31 | 35 | 74 | 207 | 336 | 76 | 237 | 23 | 19 | 47 | 42 |
| Working Capital Days | 181 | 259 | 575 | 1,891 | 4,878 | 12,620 | 4,201 | 2,888 | 5,002 | 4,296 | 4,334 | 4,713 |
| ROCE % | 45% | 46% | 32% | 10% | 3% | 4% | 6% | 15% | 5% | 8% | 7% | 5% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished Units Inventory INR Lakhs |
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| Share of Property Development in Total Operating Revenue % |
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| Building Materials Stock INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication regarding the 63rd Annual General Meeting of the Company
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Jul - Newspaper Advertisement of Unaudited Financial Results for the quarter ended June 30, 2026
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Unaudited Financial Results For The Quarter Ended June 30, 2026
20 Jul - Board approved Q1 FY27 results, reappointed Ritika Bhalla as independent director, and fixed AGM for August 28, 2026.
-
Intimation Of 63Rd Annual General Meeting Of The Company
20 Jul - Board approved Q1 FY27 results, reappointed Ritika Bhalla, and scheduled 63rd AGM on August 28, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
20 Jul - Q1 FY27 results: profit Rs 254.04 lakh; reappointed Ritika Bhalla; AGM on Aug 28, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Merger by Absorption[1]
In Jul’24, the board approved a merger of the company into Lodha Developers Ltd., later modified in Aug’25. The scheme received BSE approval in Dec’25 and is pending filing with the NCLT, Mumbai Bench.