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Narmada Macplast Drip Irrigation Systems

517431 BSE
₹22.75 up 0.15 (0.66%)
Market Cap
₹82.46 Cr
P/E
45.50

Narmada Macplast Drip Irrigation Systems (NARMP) share price was ₹22.60 at the 28 Oct 2026 close; market capitalisation ₹81.92 Cr; P/E (TTM) 45.20; sector Industrial Products. The share price fell 16.0% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 3.8% year on year to ₹3.25 Cr and net profit was ₹0.50 Cr, against ₹0.41 Cr a year earlier (compared with Sep 2025). Promoters held 5.58% of Narmada Macplast Drip Irrigation Systems in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 50/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹22.60 −5.60 −19.86% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹82.46 Cr
P/E (TTM)
45.5
EBITDA
₹2.30 Cr
Return on Equity
17.82%
Return on Capital Employed
24.46%
Debt to Equity
0
Book Value
₹2.86
EPS (TTM)
₹0.50
52W High
₹29.60
52W Low
₹14.56

Price-based figures as of 29 Oct 2026, 11:43 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Supreme Industries
₹3,217.8039.5940,875 Cr6.390.36%15.46%19.93%12,488 Cr1,033 Cr
Astral
₹1,357.3063.3436,464 Cr8.990.29%13.18%18.43%6,836 Cr576 Cr
Garware Hi-Tech Films
₹7,082.5042.4216,454 Cr5.660.17%12.73%16.71%2,461 Cr388 Cr
Kingfa Science & Technology
₹6,846.5041.119,278 Cr6.630.29%13.24%17.92%2,244 Cr225 Cr
Finolex Industries
₹141.8514.308,801 Cr1.421.94%9.64%12.75%4,214 Cr616 Cr
Time Technoplast
₹162.3416.048,014 Cr1.960.91%11.44%15.75%6,455 Cr498 Cr
Prince Pipes & Fittings
₹256.5527.802,836 Cr1.720.40%4.57%6.34%2,640 Cr103 Cr
Narmada Macplast Drip Irrigation Systems (this company)
₹22.7545.5082 Cr7.950.44%17.82%24.46%14 Cr2 Cr
Median 8 companies₹806.9340.359,040 Cr6.030.38%12.96%17.32%3,427 Cr443 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

50 Average
Overall score

Data confidence 98/100

Category scores

Quality Weak 41
Returns, margins, earnings quality 22% weight
Valuation Poor 25
Cheap vs sector & own history 24% weight
Growth Good 60
Sales & profit trajectory 9% weight
Financial Health Strong 84
Solvency, leverage, coverage 9% weight
Momentum Strong 67
Trend strength, vol-adjusted 12% weight
Ownership Average 54
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

5
  • Stock is trading at 7.69 times its book value
  • Promoter holding is low: 5.58%
  • Company has a low return on equity of 4.96% over last 3 years.
  • Company has high debtors of 372 days.
  • Promoter holding has decreased over last 3 years: -40.1%

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
8
Neutral
7
Bullish
4

Moving Averages

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
3.91% lower than 3Y

change over 1 year

Net Income Growth
-68.52% lower than 3Y

change over 1 year

Cash Flow Change
93.53%

change over 1 year

EBITDA Margin Change
-65.86%

change over 1 year Operating margin 19.38% · Sep 2026

Quarterly Results

Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
0.06
1.42
0.34
0
0.98
3.53
2.47
3.1
3.13
3.34
3.74
3.69
3.25
Expenses
0.06
1.5
0.38
0.06
0.86
3.33
2.06
2.56
2.58
2.77
3.13
3.08
2.62
Operating Profit
0
-0.08
-0.04
-0.06
0.12
0.2
0.41
0.54
0.55
0.57
0.61
0.61
0.63
OPM %
0%
-5.63%
-11.76%
—
12.24%
5.67%
16.6%
17.42%
17.57%
17.07%
16.31%
16.53%
19.38%
Other Income
0.06
0.07
0.03
0.08
0.12
5.51
0.11
0
0
0
0
0
0
Interest
0.01
0.01
0.01
0.01
0.01
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0.01
0
0
0
0
0
0
0
0
0
PBT
0.05
-0.02
-0.02
0
0.23
5.71
0.52
0.54
0.55
0.57
0.61
0.61
0.63
Tax %
0%
0%
0%
—
17.39%
16.64%
17.31%
25.93%
25.45%
26.32%
26.23%
26.23%
20.63%
Net Profit
0.05
-0.02
-0.03
0
0.19
4.76
0.43
0.4
0.41
0.42
0.45
0.45
0.5
EPS (₹)
0.01
-0.01
-0.01
0
0.05
1.31
0.12
0.11
0.11
0.12
0.12
0.12
0.14
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.02
0.37
5.95
0.45
8.94
3.97
3.67
12.46
10.02
1.81
6.98
13.31
14.02
Expenses
0.25
0.32
5.79
0.37
8.87
3.98
3.66
12.48
10.26
1.97
6.3
11
11.6
Operating Profit
-0.23
0.05
0.16
0.08
0.07
-0.01
0.01
-0.02
-0.24
-0.16
0.68
2.31
2.42
OPM %
-1150%
13.51%
2.69%
17.78%
0.78%
-0.25%
0.27%
-0.16%
-2.4%
-8.84%
9.74%
17.36%
17.26%
Other Income
0.34
0.04
0.04
0.04
0.04
0.04
0.03
0.06
0.29
0.22
5.82
0
0
Interest
0
0
0.01
0.01
0
0.01
0.02
0.02
0.03
0.03
0.02
0.04
0
Depreciation
0.03
0.03
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.02
0.01
0
0
PBT
0.08
0.06
0.17
0.09
0.09
0
0
0.01
0.01
0.01
6.47
2.27
2.42
Tax %
0%
16.67%
5.88%
44.44%
22.22%
—
—
0%
0%
100%
16.54%
25.99%
—
Net Profit
0.08
0.05
0.16
0.05
0.07
0
0
0.01
0.01
0
5.39
1.67
1.82
EPS (₹)
—
—
0.04
0.01
0.02
0
0
0
0
0
1.49
0.46
0.5
Div. Payout %
0%
0%
0%
0%
0%
—
—
0%
0%
—
0%
21.71%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
3.48
3.48
3.62
3.62
3.62
3.62
3.62
3.62
3.62
3.62
3.62
7.25
7.25
Reserves
-1.49
-1.57
-1.42
-1.37
-1.32
-1.32
-1.32
-1.31
-1.28
-1.29
4.1
2.15
3.11
Borrowings
0.59
0
0
0.39
0.34
0.15
0.35
0.43
0.43
0.61
0
0.04
0.07
Other Liabilities
0.98
1.66
1.46
0.47
1.29
0.15
3.12
3.47
0.61
0.51
1.13
9.61
7.57
Total Liabilities
3.56
3.57
3.66
3.11
3.93
2.6
5.77
6.21
3.38
3.45
8.85
19.05
18
Fixed Assets
0.35
0.33
0.31
0.33
0.31
0.3
0.29
0.27
0.35
0.39
0.02
0.02
0.01
CWIP
0
0
0
0
0
0
0
0
0
0.07
0
0
0
Investments
0.67
0.7
0.73
0.87
0.9
0.81
0.83
0.59
0.61
0.65
0.01
0.01
0.01
Other Assets
2.54
2.54
2.62
1.91
2.72
1.49
4.65
5.35
2.42
2.34
8.82
19.02
17.98
Total Assets
3.56
3.57
3.66
3.11
3.93
2.6
5.77
6.21
3.38
3.45
8.85
19.05
18
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-0.03
0.09
0.1
0.28
0.04
-0.13
0.01
-0.02
-1.49
-0.36
-5.41
-0.35
Investing
-0.25
-0.04
-0.03
-0.18
-0.04
0.09
-0.01
0.24
-0.94
-0.12
6.47
0
Financing
0.12
-0.04
0.12
-0.06
-0.07
-0.18
0.19
-0.18
2.74
0.15
-0.63
0.02
Net Cash Flow
-0.17
0.02
0.19
0.04
-0.07
-0.22
0.19
0.04
0.3
-0.33
0.43
-0.33
Free Cash Flow
-0.03
0.09
0.1
0.28
0.04
-0.13
0
0.22
-1.85
-0.48
0.4
-0.35
CFO/EBITDA
13
180
69
362
86
1,300
100
100
621
225
-796
-9
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
9,125
602
37.42
641
67.77
60.68
363
119
40.43
278
152
372
Inventory Days
1,095
261
2.12
—
0
0
0
0
0
0
0
0
Days Payable
4,198
2,373
60.83
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
6,023
-1,510
-21.29
641
67.77
60.68
363
119
40.43
278
152
372
Working Capital Days
-3,285
710
76.07
349
19.19
57
61.66
19.33
20.4
181
98.31
110
ROCE %
—
2.67%
8.76%
4.13%
3.41%
0.39%
0.78%
1.11%
1.45%
1.4%
20.83%
26.92%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Narmada Macplast Drip Irrigation Systems insights

63 extracted metrics + investor summaries across FY00–FY27.

Shareholding Pattern

DIIs0.47%Others57.28%Promot.5.58%Public36.68%As ofSep 2026

Documents

Frequently Asked Questions about Narmada Macplast Drip Irrigation Systems

What does Narmada Macplast Drip Irrigation Systems Ltd do?
Incorporated in 1992, Narmada Macplast Drip Irrigation Systems Ltd is in business of drip irrigation system[1]
Where is Narmada Macplast Drip Irrigation Systems Ltd (NARMP) listed?
Narmada Macplast Drip Irrigation Systems Ltd trades under code 517431 on the BSE.
Which sector does Narmada Macplast Drip Irrigation Systems Ltd belong to?
Narmada Macplast Drip Irrigation Systems Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the market capitalisation of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd has a market capitalisation of ₹82.46 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd trades at a PE ratio of 45.50 as of 29 Oct 2026, on earnings per share of ₹0.5, against a book value of ₹2.86 per share.
What is the 52-week high and low of Narmada Macplast Drip Irrigation Systems Ltd?
Over the last 52 weeks Narmada Macplast Drip Irrigation Systems Ltd has traded between ₹14.56 and ₹29.6 as of 29 Oct 2026.
Does Narmada Macplast Drip Irrigation Systems Ltd pay dividends?
Narmada Macplast Drip Irrigation Systems Ltd has a dividend yield of 0.44%.
What is the Return on Equity (ROE) of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd reported a return on equity of 17.82%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1992, Narmada Macplast Drip Irrigation Systems Ltd is in business of drip irrigation system[1]

Website narmadadrip.com
Face Value ₹ 2
Shares Outstanding 3,62,46,233

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