Narmadesh Brass Industries Ltd
Narmadesh Brass Industries Ltd. is a modern brass manufacturing company based in Jamnagar, Gujarat.[1]
- Market Cap ₹ 61.0 Cr.
- Current Price ₹ 197
- High / Low ₹ 495 / 176
- Stock P/E 10.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 23.7 %
- ROE 48.0 %
- Face Value ₹ 10.0
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
Half Yearly Results
Figures in Rs. Crores
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% |
Documents
Announcements
-
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011
2d - Doshi family acquired 212,400 shares (6.85%) via open market on Feb 12, 2026.
-
Announcement Under Regulation 30 (LODR) Update (Reply To Clarification On Price Movement Sought By BSE Limited)
10 Feb - Reply to BSE: no undisclosed price-sensitive information; movement market-driven (10 Feb 2026).
- Clarification sought from Narmadesh Brass Industries Ltd 5 Feb
- Listing of Equity Shares of Narmadesh Brass Industries Ltd 21 Jan
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