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    Manufacturing - Miscellaneous
Narmada Macplast Drip Irrigation Systems Ltd.

Narmada Macplast Drip Irrigation Systems Ltd.

NARMP.BO
Narmada Macplast Drip Irrigation Systems Ltd.IN flagBombay Stock Exchange
23.50
INR
+0.54
- -
85.24MMarket Cap
Narmada Macplast Drip Irrigation Systems Ltd.
NARMP.BO
(Bombay Stock Exchange)

Recent

price

23.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
0.23
0.7
- -
- -
0.11
1.78
1.25
24.68
10.97
10.14
34.39
27.66
5
19.28
- -
4.73
Revenue per Share
- -
-5.84
-0.03
- -
0.02
0.01
0.05
0.14
0.19
0.01
- -
0.02
0.02
- -
14.88
- -
0.6
Basic EPS, GAAP
- -
- -
-0.3
0.02
-0.09
0.02
0.02
0.28
- -
-0.37
-0.02
-0.04
-5.12
-1.32
-15.26
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
3.22
3.02
0.33
0.36
0.37
0.66
6.22
6.36
6.36
6.37
6.38
6.46
6.44
21.32
- -
2.58
Book Value per Share
- -
4.76
5.21
0.57
0.61
0.57
0.66
6.22
6.36
6.36
6.37
6.38
6.46
6.44
21.32
- -
3.34
Tangible Book Value per Share
- -
4
4
33
33
33
33
4
4
4
4
4
4
4
4
- -
28
Basic Weighted Avg Shares
- -
1
3
- -
- -
4
59
5
89
40
37
125
100
18
70
133
133
Sales/Revenue/Turnover
-331.42
-118.06
-4.83
-2,763.27
-764.83
6.55
2.37
12.56
0.53
-0.79
-0.36
-0.22
-2.48
-10.08
9.45
17.01
17.01
Operating Margin (%)
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-23
-23
- -
- -
1
- -
2
- -
1
- -
- -
- -
- -
- -
54
17
17
Net Income, GAAP
- -
- -
- -
- -
- -
22.97
5.72
45.21
23.16
24.94
81.58
- -
24.79
84.87
16.61
26
26
Effective Tax Rate (%)
-6,658.99
-2,525.53
-4.84
-115.36
499.75
12.36
2.61
10.98
0.77
0.06
0.02
0.05
0.09
0.1
77.2
12.59
12.59
Profit Margin (%)
28
29
- -
-1
-1
-1
- -
8
7
6
8
9
9
9
23
41
41
Working Capital
5
5
6
5
6
7
4
4
3
2
4
4
4
6
- -
- -
- -
LT Debt
19
19
19
19
20
19
22
23
23
23
23
23
23
23
77
94
94
Total Equity
- -
- -
- -
- -
-4.79
0.72
5.04
1.12
1.31
-0.93
-0.1
-1.02
-6.73
-0.96
9.34
18.35
18.35
Return on Invested Capital (%)
- -
- -
- -
- -
4.6
2.48
7.25
1.91
2.54
0.3
0.14
1.03
1.02
0.21
101.3
22.31
22.31
Return on Capital (%)
- -
-181.13
-1.03
-0.83
6.9
3.81
9.03
2.23
3.03
0.1
0.03
0.27
0.38
0.08
107.19
22.38
22.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
- -
36
Market Capitalization
578
796
437

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
94
- -
137
Cash, Cash Equivalents & STI
1
- -
1
Accounts Receivable, Net
91
- -
136
Inventories
- -
- -
- -
Total Current Liabilities
62
- -
97
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.39%
50.77%
21.68%
Free Cash Flow
-2,710.97%
2,590.66%
-93.54%
Net Income, GAAP
30,017.29%
60,026.02%
-68.93%
Sales/Revenue/Turnover
373.53%
102.74%
90.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1
14
3
18
2025
- -
10
35
25
70
2026
31
31
33
37
133

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
-0.07
- -
- -
2025
0.01
0.54
1.31
0.12
14.88
2026
1.11
0.11
0.12
0.12
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Narmada Macplast Drip Irrigation Systems Ltd. manufactures and supplies drip irrigation systems, plastic pipes, and related agricultural equipment under the Narmada brand; core products include rigid PVC pipes, LLDPE pipes, HDPE pipes, drip irrigation pipes, sprinkler pipes, inline pipes, micro sprinklers, mist sprayers, pipe fittings, garden hoses, and HDPE cable duct pipes; the company also provides import-export services, government supplies, plastic raw materials consultancy, and agritech solutions for farming, horticulture, and landscaping applications. Incorporated in 1992 and headquartered in Gandhinagar, Gujarat, India, Narmada Macplast operates primarily across India with a focus on the agriculture and infrastructure sectors, serving farmers, government projects, and industrial clients through its manufacturing and distribution network backed by synergistic group entities such as Macwell Products, Mac Plast, and Polymer Marketing Corporation. Recent developments include a 1:1 bonus share issue allotted in October 2025 increasing paid-up capital to Rs. 72.46 million, a board approval in October 2025 for the proposed acquisition of 51% stake in GSK Industries Pvt Ltd., declaration of an Rs. 0.10 interim dividend payable in May 2025 following FY25 net profit of Rs. 53.92 million, and a 115.79% rise in standalone net profit to Rs. 0.41 crore in the September 2025 quarter amid 219% sales growth to Rs. 3.13 crore.