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National General Industries

531651 BSE
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National General Industries (NATGENI) share price was ₹58.37 at the 28 Oct 2026 close; market capitalisation ₹26.16 Cr; P/E (TTM) 49.47; sector Industrial Products. The share price rose 19.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 98.2% year on year to ₹3.21 Cr and net profit was ₹0.72 Cr, against −₹0.25 Cr a year earlier (compared with Jun 2025). Promoters held 74.93% of National General Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 43/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹58.37 +11.37 +24.19% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹26.16 Cr
P/E (TTM)
49.47
EBITDA
₹0.00
Return on Equity
-1.31%
Debt to Equity
0.03
Book Value
₹81.06
EPS (TTM)
₹1.18
52W High
₹72.92
52W Low
₹34.53

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,566.0029.3167,689 Cr7.390.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,232.0050.4261,973 Cr10.800.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,161.1028.8532,410 Cr2.810.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,320.0037.5716,261 Cr3.960.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹241.3028.1215,431 Cr1.220.82%7.53%10.94%18,622 Cr498 Cr
Usha Martin
₹457.3527.4813,937 Cr4.220.78%14.88%18.75%3,918 Cr508 Cr
Gallantt Ispat
₹576.0031.8813,898 Cr3.990.37%14.60%17.99%4,646 Cr436 Cr
National General Industries (this company)
—49.4726 Cr0.720.00%-1.31%-0.97%14 Cr0 Cr
Median 8 companies₹1,161.1030.6015,846 Cr3.980.38%13.65%17.16%11,512 Cr511 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 →

43 Weak
Overall score

Data confidence 98/100

Category scores

Quality Poor 15
Returns, margins, earnings quality 22% weight
Valuation Poor 31
Cheap vs sector & own history 24% weight
Growth Good 60
Sales & profit trajectory 9% weight
Financial Health Strong 81
Solvency, leverage, coverage 9% weight
Momentum Strong 70
Trend strength, vol-adjusted 12% weight
Ownership Average 50
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

4
  • Company is almost debt free.
  • Stock is trading at 0.66 times its book value
  • Debtor days have improved from 33.3 to 23.4 days.
  • Company's working capital requirements have reduced from 35.5 days to 17.6 days

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.5% over past five years.
  • Company has a low return on equity of 1.16% over last 3 years.

Technical Indicators

Oscillators

Bullish

Bearish
1
Neutral
5
Bullish
3

Overall

Bullish

Bearish
1
Neutral
5
Bullish
13

Moving Averages

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
-8.33% higher than 3Y

change over 1 year

Net Income Growth
-156% lower than 3Y

change over 1 year

Cash Flow Change
-368%

change over 1 year

EBITDA Margin Change
-99.5%

change over 1 year Operating margin -24.3% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3.1
2.91
3.11
3.7
2.81
2.14
2.63
2.76
1.62
2.11
2.73
2.5
3.21
Expenses
3.17
3
3.14
3.97
2.8
2.2
2.52
2.77
2.14
2.58
3.04
3.19
3.99
Operating Profit
-0.07
-0.09
-0.03
-0.27
0.01
-0.06
0.11
-0.01
-0.52
-0.47
-0.31
-0.69
-0.78
OPM %
-2.26%
-3.09%
-0.96%
-7.3%
0.36%
-2.8%
4.18%
-0.36%
-32.1%
-22.27%
-11.36%
-27.6%
-24.3%
Other Income
0.57
0.27
2.13
1.15
0.34
0.41
0.36
0.53
0.35
0.43
0.59
0.62
1.66
Interest
0.03
0.03
0.04
0.03
0.03
0.02
0.02
0.02
0.01
0.01
0.02
0.02
0.03
Depreciation
0.07
0.08
0.09
0.09
0.1
0.1
0.1
0.1
0.09
0.09
0.1
0.1
0.1
PBT
0.4
0.07
1.97
0.76
0.22
0.23
0.35
0.4
-0.27
-0.14
0.16
-0.19
0.75
Tax %
25%
57.14%
-3.05%
15.79%
27.27%
-8.7%
40%
22.5%
-7.41%
50%
12.5%
-10.53%
4%
Net Profit
0.3
0.03
2.03
0.64
0.17
0.26
0.2
0.31
-0.25
-0.21
0.15
-0.17
0.72
EPS (₹)
0.54
0.05
3.67
1.16
0.31
0.47
0.36
0.56
-0.45
-0.38
0.33
-0.38
1.61
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
16.73
17.97
15.68
17.69
17.56
19.47
18.43
18.16
13.39
12.77
10.34
8.91
10.55
Expenses
15.52
14.77
14.53
16.48
17.42
20
19.12
18.56
13.82
13.23
10.29
10.9
12.8
Operating Profit
1.21
3.2
1.15
1.21
0.14
-0.53
-0.69
-0.4
-0.43
-0.46
0.05
-1.99
-2.25
OPM %
7.23%
17.81%
7.33%
6.84%
0.8%
-2.72%
-3.74%
-2.2%
-3.21%
-3.6%
0.48%
-22.33%
-21.33%
Other Income
0.73
0.41
0.35
0.28
0.95
0.36
6.93
1.1
1.11
4.12
1.63
2
3.3
Interest
0.57
0.37
0.22
0.2
0.22
0.26
0.15
0.14
0.14
0.14
0.08
0.07
0.08
Depreciation
0.5
0.52
0.53
0.47
0.48
0.5
0.42
0.41
0.32
0.33
0.39
0.38
0.39
PBT
0.87
2.72
0.75
0.82
0.39
-0.93
5.67
0.15
0.22
3.19
1.21
-0.44
0.58
Tax %
8.05%
44.49%
-8%
17.07%
20.51%
-3.23%
-2.29%
33.33%
0%
6.27%
22.31%
9.09%
—
Net Profit
0.8
1.5
0.81
0.68
0.3
-0.89
5.8
0.1
0.22
3
0.94
-0.48
0.49
EPS (₹)
1.45
2.71
1.46
1.23
0.54
-1.61
10.49
0.18
0.4
5.42
1.7
-1.07
1.18
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4.67
4.67
4.67
4.67
4.67
4.67
4.67
4.67
4.68
4.68
4.74
4.74
Reserves
14.35
15.82
18.16
19.15
19.32
17.66
24.07
24.78
25.22
29.86
31.54
31.92
Borrowings
2.99
2.75
2.14
2.18
2
1.77
2.19
2.33
1.6
1.41
0.43
1.08
Other Liabilities
2
2.85
2.58
2.63
2.79
2.14
2.32
2.13
2.02
2.36
3.02
2.56
Total Liabilities
24.01
26.09
27.55
28.63
28.78
26.24
33.25
33.91
33.52
38.31
39.73
40.3
Fixed Assets
12.82
12.58
12.07
11.74
12.14
12.12
3.83
3.81
3.59
3.83
3.52
3.29
CWIP
0
0
0
0
0.1
0
0
0
0
0
0.05
0
Investments
3.42
5.65
8.48
9.45
9.93
8.97
10.22
10.63
10.69
20.35
21.72
23.41
Other Assets
7.77
7.86
7
7.44
6.61
5.15
19.2
19.47
19.24
14.13
14.44
13.6
Total Assets
24.01
26.09
27.55
28.63
28.78
26.24
33.25
33.91
33.52
38.31
39.73
40.3
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1.28
2.92
0.91
0.69
1.14
0.61
-0.73
0.29
1.07
1.51
-0.28
-1.31
Investing
1.76
-2.19
-0.41
-0.57
-0.77
-0.14
0.71
-0.42
-0.34
-1.15
1.29
0.76
Financing
-3.25
-0.61
-0.76
-0.13
-0.37
-0.47
0.27
0.02
-0.86
-0.33
-1
0.59
Net Cash Flow
-0.21
0.12
-0.26
-0.01
0.01
0.01
0.25
-0.11
-0.13
0.03
0
0.05
Free Cash Flow
0.97
2.59
0.83
0.53
0.15
0.22
12.37
-0.08
0.98
2.62
-0.43
-1.46
CFO/OP
121
102
118
67
929
-115
106
-42
-144
-454
400
72
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
41.67
66.62
66.34
55.71
29.93
32.24
25.15
17.69
35.16
35.73
40.95
23.35
Inventory Days
69.59
70.12
68.54
96.05
123
63.4
70.55
83.47
94.96
68.95
61.19
75.33
Days Payable
30.28
19.09
20.32
23.4
46.5
30.24
32.28
25.71
33.24
17.99
44.11
27.39
Cash Conversion Cycle
80.97
118
115
128
106
65.4
63.42
75.45
96.89
86.69
58.02
71.29
Working Capital Days
59.34
53.83
75.89
72.63
53.63
31.87
29.51
32.16
57.52
27.15
61.77
17.62
ROCE %
3.74%
13.44%
3.78%
3.81%
1.23%
-3.23%
-3.13%
-0.73%
0.88%
3.68%
3.19%
-1.32%

Insights

Beta

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

Log in to view National General Industries insights

61 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

Promot.74.93%Others9.90%Public15.17%As ofSep 2026

Documents

Frequently Asked Questions about National General Industries

What does National General Industries Ltd do?
Incorporated in 1987, National General Industries Ltd is engaged in the production and selling of Steel[1]
Where is National General Industries Ltd (NATGENI) listed?
National General Industries Ltd trades under code 531651 on the BSE.
Which sector does National General Industries Ltd belong to?
National General Industries Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the market capitalisation of National General Industries Ltd?
National General Industries Ltd has a market capitalisation of ₹26.16 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of National General Industries Ltd?
National General Industries Ltd trades at a PE ratio of 49.47 as of 28 Oct 2026, on earnings per share of ₹1.18, against a book value of ₹81.06 per share.
What is the 52-week high and low of National General Industries Ltd?
Over the last 52 weeks National General Industries Ltd has traded between ₹34.53 and ₹72.92 as of 28 Oct 2026.
What is the Return on Equity (ROE) of National General Industries Ltd?
National General Industries Ltd reported a return on equity of -1.31%. Its debt-to-equity ratio is 0.03.

Company Information

Incorporated in 1987, National General Industries Ltd is engaged in the production and selling of Steel[1]

Website modisteel.com
Face Value ₹ 10
Shares Outstanding 44,82,464

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