---
title: "Narmada Agrobase Ltd (NARMADA) — Share Price, Financials & Analysis"
symbol: "NARMADA"
company: "Narmada Agrobase Ltd"
canonical: "https://tapetide.com/stocks/NARMADA"
isin: "INE117Z01029"
nse_symbol: "NARMADA"
bse_code: "543643"
sector: "Food Products"
industry: "Animal Feed"
market_cap_cr: 105.99
generated_at: "2026-09-13T19:36:26.963Z"
---

# Narmada Agrobase Ltd (NARMADA)

Canonical page: https://tapetide.com/stocks/NARMADA

## Company

- **NSE Symbol:** NARMADA
- **BSE Code:** 543643
- **ISIN:** INE117Z01029
- **Sector:** Food Products
- **Industry:** Animal Feed
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2018-04-19
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** narmadaagrobase.com

## About

Incorporated in 2013, Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed[1]

## Latest Price

- **Price:** ₹14.38
- **Change:** +0.33 (+2.35%)
- **Open:** ₹13.89
- **Day High:** ₹14.49
- **Day Low:** ₹13.82
- **Previous Close:** ₹14.05
- **Volume:** 319864
- **As Of:** 2026-09-11T09:59:36+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:29.246537Z.

- **Market Cap:** ₹105.99 Cr
- **Classification:** Microcap
- **P/E (reported):** 27.8
- **P/E (TTM):** 29.96
- **EPS (TTM):** ₹0.48
- **Book Value:** ₹6.42
- **Price to Book:** 2.21
- **Dividend Yield:** 0%
- **ROE:** 6.5%
- **ROCE:** 9.98%
- **Debt to Equity:** 0.17
- **Revenue (yearly):** ₹79.7 Cr
- **Net Income:** ₹3.9 Cr
- **EBITDA:** ₹6.2 Cr
- **52-Week High:** ₹22.59
- **52-Week Low:** ₹9.95
- **RSI (14):** 44.06

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 83.23 | 9% |
| growth | 85.64 | 9% |
| momentum | 2.56 | 12% |
| ownership | 38.42 | 24% |
| quality | 40.35 | 22% |
| valuation | 30.45 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.13% over last 3 years.
- Company has high debtors of 166 days.
- Promoter holding has decreased over last 3 years: -16.2%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 91.84% | -239.78% | — |
| ebitda margin growth | -7.69% | -16.6% | 52.53% | 33.79% |
| net income growth | 0% | -4.88% | 81% | 40% |
| revenue growth | -34.4% | 20.21% | 16% | 6% |
| roce | — | -5.13% | -26.62% | 11.16% |
| roe | — | -11.2% | 6.62% | 62.91% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.41 | 12.22 | 18.75 | 12.26 | 10.28 | 13.84 | 29.3 | 11.08 | 11.95 | 21.35 | 34 | 22.26 |
| Expenses | 10.94 | 11.77 | 17.6 | 10.68 | 8.21 | 12.5 | 28.71 | 9.76 | 10.65 | 19.97 | 33.02 | 21.31 |
| Operating Profit | 0.47 | 0.45 | 1.15 | 1.58 | 2.07 | 1.34 | 0.59 | 1.32 | 1.3 | 1.38 | 0.98 | 0.95 |
| OPM % | 4.12 | 3.68 | 6.13 | 12.89 | 20.14 | 9.68 | 2.01 | 11.91 | 10.88 | 6.46 | 2.88 | 4.27 |
| Other Income | 0.03 | 0.02 | 0 | 0.01 | 0.01 | 0.32 | 0.32 | 0.33 | 0.33 | 0.29 | 0.32 | 0.28 |
| Interest | 0.23 | 0.23 | 0.26 | 0.24 | 0.24 | 0.21 | 0.16 | 0.24 | 0.2 | 0.2 | 0.18 | 0.17 |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 |
| Profit before tax | 0.2 | 0.17 | 0.82 | 1.29 | 1.78 | 1.39 | 0.69 | 1.36 | 1.38 | 1.41 | 1.06 | 1.01 |
| Tax % | 15 | 23.53 | 25.61 | 21.71 | 26.97 | 28.06 | -13.04 | 25 | 25.36 | 28.37 | 24.53 | 24.75 |
| Net Profit | 0.17 | 0.13 | 0.61 | 1.02 | 1.29 | 1 | 0.78 | 1.02 | 1.03 | 1.01 | 0.8 | 0.75 |
| EPS in Rs | 0.02 | 0.02 | 0.08 | 0.13 | 0.17 | 0.13 | 0.1 | 0.13 | 0.14 | 0.13 | 0.11 | 0.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37 | 47.5 | 61.46 | 58.14 | 34.61 | 49.48 | 49.74 | 64.68 | 77.56 | 89.56 |
| Expenses | 35.43 | 45.87 | 59 | 55.9 | 32.61 | 47.46 | 47.22 | 59.1 | 72.58 | 84.95 |
| Operating Profit | 1.57 | 1.63 | 2.46 | 2.24 | 2 | 2.02 | 2.52 | 5.58 | 4.98 | 4.61 |
| OPM % | 4.24 | 3.43 | 4 | 3.85 | 5.78 | 4.08 | 5.07 | 8.63 | 6.42 | 5.15 |
| Other Income | 0.07 | 0.28 | 0.03 | 0.04 | 0.06 | 0.05 | 0.07 | 0.66 | 1.27 | 1.22 |
| Interest | 0.82 | 0.7 | 1.03 | 0.85 | 0.82 | 0.86 | 0.96 | 0.84 | 0.82 | 0.75 |
| Depreciation | 0.28 | 0.54 | 0.4 | 0.42 | 0.37 | 0.32 | 0.28 | 0.24 | 0.22 | 0.22 |
| Profit before tax | 0.54 | 0.67 | 1.06 | 1.01 | 0.87 | 0.89 | 1.35 | 5.16 | 5.21 | 4.86 |
| Tax % | 25.93 | 25.37 | 25.47 | 32.67 | 31.03 | 26.97 | 24.44 | 20.74 | 25.91 | — |
| Net Profit | 0.4 | 0.5 | 0.79 | 0.68 | 0.61 | 0.65 | 1.02 | 4.09 | 3.86 | 3.59 |
| EPS in Rs | 0.08 | 0.07 | 0.1 | 0.09 | 0.08 | 0.09 | 0.13 | 0.54 | 0.51 | 0.48 |
| Dividend Payout % | 0 | 15.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.83 | 5.19 | 7.53 | 13.55 | 13.55 | 13.55 | 13.55 | 13.55 | 37.94 | 37.94 |
| Reserves | 0.64 | 0.42 | 6.04 | 0.71 | 1.39 | 1.68 | 2.33 | 3.35 | 17.93 | 21.4 |
| Borrowings | 10.22 | 7.39 | 9.13 | 8.44 | 8.69 | 9.72 | 10.07 | 9.68 | 9.47 | 10.1 |
| Other Liabilities | 0.98 | 1.44 | 0.88 | 1.57 | 3.29 | 1.55 | 1.37 | 1.38 | 1.12 | 2.81 |
| Total Liabilities | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.5 | 27.32 | 27.96 | 66.46 | 72.25 |
| Fixed Assets | 2.66 | 2.74 | 4.66 | 3.89 | 3.5 | 3.75 | 3.44 | 3.18 | 2.97 | 2.91 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 |
| Investments | 0.43 | 0.47 | 0.61 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 |
| Other Assets | 10.58 | 11.23 | 18.31 | 20.38 | 23.42 | 22.75 | 23.88 | 24.78 | 63.47 | 67.64 |
| Total Assets | 13.67 | 14.44 | 23.58 | 24.27 | 26.92 | 26.5 | 27.32 | 27.96 | 66.46 | 72.25 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.25 | 1.21 | -5.1 | 0.49 | 0.3 | -0.08 | 0.05 | 0.93 | -15.93 | -1.3 |
| Cash from Investing Activity | -0.44 | -0.34 | -2.32 | 0.46 | 0.04 | 0.06 | 0.37 | 0.35 | -3.58 | -2.95 |
| Cash from Financing Activity | 1.52 | -0.82 | 8.52 | -1.94 | -0.4 | 0.22 | -0.52 | -1.35 | 33.83 | -0.18 |
| Net Cash Flow | -0.17 | 0.05 | 1.11 | -1 | -0.07 | 0.2 | -0.1 | -0.07 | 14.32 | -4.43 |
| Free Cash Flow | -1.49 | 0.84 | -7.56 | 0.36 | 0.26 | -0.08 | 0.05 | 0.92 | -15.98 | -1.45 |
| CFO/OP | -83 | 86 | -299 | 24 | 28 | 14 | 14 | 45 | -271 | -8 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 31.89 | 31.07 | 58.02 | 67.41 | 101.83 | 151.97 | 97.52 | 97.74 | 107.56 | 166.45 |
| Inventory Days | 70.88 | 75.62 | 70.33 | 37.81 | 28.83 | 77.66 | 75.95 | 84.67 | 154.49 | 75.38 |
| Days Payable | 8.63 | 11.98 | 3.54 | 4.02 | 15.92 | 10.03 | 7.25 | 6.35 | 1.38 | 6.63 |
| Cash Conversion Cycle | 94.14 | 94.71 | 124.8 | 101.19 | 114.74 | 219.59 | 166.22 | 176.06 | 260.66 | 235.21 |
| Working Capital Days | 26.81 | 25.35 | 59.01 | 53.09 | 64.1 | 104.62 | 87.34 | 94 | 194.58 | 180.15 |
| ROCE % | 10.11 | 10.59 | 7.68 | 9.21 | 8.2 | 6.96 | 6.88 | 8.79 | 13.05 | 8.95 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.47% | 63.94% | 63.57% | 57.66% | 57.66% | 49.11% | 49.11% | 50.3% | 50.3% | 50.3% | 50.3% | 50.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.03% | 0.54% | 0.31% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 7.91% | 8.96% | 8.96% | 8.96% | 8.96% | 8.96% | 7.07% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.94% | 22.29% | 23.56% | 29.38% | 32.55% | 35.94% | 35.72% | 33.9% | 31.53% | 31.56% | 29.61% | 34.68% |
| Others | 12.59% | 13.77% | 12.87% | 12.95% | 9.79% | 7.04% | 6.2% | 6.84% | 9.21% | 9.15% | 10.59% | 7.65% |
| No. of Shareholders | 3466 | 4601 | 7009 | 7091 | 9488 | 12001 | 11855 | 11531 | 11308 | 10879 | 10136 | 18203 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 14.06 | Buy |
| EMA (10) | 14.24 | Buy |
| SMA (20) | 14.16 | Buy |
| EMA (20) | 15.17 | Sell |
| SMA (50) | 22.44 | Sell |
| EMA (50) | 20.55 | Sell |
| SMA (100) | 29.51 | Sell |
| EMA (100) | 25.25 | Sell |
| SMA (200) | 29.02 | Sell |
| EMA (200) | 26.72 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.11 | Neutral |
| MACD (12,26,9) | -1.91 | Buy |
| Stochastic (14,3,3) | 57.02 | Neutral |
| ADX (14) | 38.43 | Buy |
| Williams %R (14) | -40.96 | Neutral |
| ATR (14) | 1.17 | High Volatility |
| ROC (12) | 2.93 | Buy |
| Stoch RSI (14) | 95.87 | Sell |
| UO (7,14,28) | 48.43 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4719c8e1-279c-4f49-915a-c026c9125964.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Submission Of Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35fc4a03-e110-4c68-a763-92acae34a938.pdf) |
| 2026-08-08 | [Announcement Under Regulation 30 Of SEBI (LODR) - Intimation Of Purchase Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5cd84239-d9c0-4fca-86f5-46f9677a7a37.pdf) |
| 2026-08-06 | [Board Meeting Intimation for INTIMATION OF BOARD MEETING TO CONSIDER THE UN-AUDITED FINANCIAL RESULTS OF THE COMPANY FOR THE QUARTER ENDED 30TH JUNE 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2f4c6c5-4c0f-448e-bbf6-f474d69e87dc.pdf) |
| 2026-07-31 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9b846b1-7fa3-4982-8315-67efdb9a714e.pdf) |
| 2026-07-31 | [Submission Of Voting Results Of Resolution Passed Through Postal Ballot Pursuant To Regulation 44(3) Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46d675ca-7cb0-409e-a916-32c63a3d0eed.pdf) |
| 2026-07-25 | [Intimation Of Record Date For Sub-Division/ Split Of Equity Shares Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05922839-a568-45e3-a472-422b7cabf151.pdf) |
| 2026-07-18 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=919ced2f-4600-4907-a15a-9a037149fdaa.pdf) |
| 2026-07-18 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ab190f5-2385-454b-95b3-4d9780f71982.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f669f80-003c-44b5-b797-a1a65903073c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results - 30-06-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e27c494f-2fa5-4b99-bf40-870c959c5819.pdf) |
| 2026-05-29 | [Results - 31-03-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b0ea5ca-0225-4e1b-bc9c-aa82b14ee9b5.pdf) |
| 2026-02-13 | [Results For December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68af10f0-e785-4d62-88ee-d8c53b67dde2.pdf) |
| 2025-11-14 | [Results - September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6706874e-9add-411d-9b68-b9c468f18199.pdf) |
| 2025-08-06 | [Result- June- 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a26fe599-2103-44d9-a790-870463be9856.pdf) |
| 2025-05-29 | [Result 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b264c736-731a-45bb-8aba-803d44d6a394.pdf) |
| 2025-03-18 | [Financial Results For The Quarter Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6aa7a995-8a93-4dd2-9250-02c216c6c38d.pdf) |
| 2024-11-13 | [SUBMISSION OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22749d08-5750-4487-97c7-081ca69ceb40.pdf) |
| 2024-08-10 | [Submission Of Unaudited Financial Results For The Quarter Ended On 30Th June, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e4674f9-200c-41c2-9808-df16b9bbfd3d.pdf) |
| 2024-05-16 | [Result- Financial Result For March-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b9cb974-bd50-4b86-865d-fac17cd7748d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Narmada Agrobase incorporated wholly owned subsidiary Narmada Bio Feed Private Limited on May 6, 2026. | [INTIMATION UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015- INCORPORATION OF WHOLLY OWNED SUBSIDIARY COMPANY 7 May - Narmada Agrobase incorporated wholly owned subsidiary Narmada Bio Feed Private Limited on May 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/88de5c05-2a23-4d58-85bb-a01826b6e618.pdf) |
| 4 Apr - Filed Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Filed Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ed31c8a-67fb-4820-93b7-12cdad16c76d.pdf) |
| 29 Apr - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 10.09 crore as of 31 March 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 29 Apr - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 10.09 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8878ef3b-1ace-4251-a3fa-e04d3e7a84a5.pdf) |
| 29 Apr - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 10.09 crore as of 31 March 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 29 Apr - Company confirms it is not a Large Corporate; outstanding borrowing was Rs. 10.09 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8878ef3b-1ace-4251-a3fa-e04d3e7a84a5.pdf) |
| 29 Apr - 29 Apr 2026 disclosure: Narmada Agrobase says it is not a Large Corporate; borrowing was Rs. 10.09 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - 29 Apr 2026 disclosure: Narmada Agrobase says it is not a Large Corporate; borrowing was Rs. 10.09 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ceac721d-1b7e-4d25-9cad-9084437aa512.pdf) |
| 29 Apr - 29 Apr 2026 disclosure: Narmada Agrobase says it is not a Large Corporate; borrowing was Rs. 10.09 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - 29 Apr 2026 disclosure: Narmada Agrobase says it is not a Large Corporate; borrowing was Rs. 10.09 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ceac721d-1b7e-4d25-9cad-9084437aa512.pdf) |
| 28 Mar - Resignation of Rajesh Bhati & Associates and appointment of Hanish Agrawal & Associates as internal auditor effective 28-03-2026. | [Board Meeting Outcome for Outcome Of Board Meeting 28 Mar - Resignation of Rajesh Bhati & Associates and appointment of Hanish Agrawal & Associates as internal auditor effective 28-03-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62f7e57e-bc9f-41c1-8bfa-f3b715c5bca7.pdf) |
| 28 Mar - Rajesh Bhati & Associates resigned; Hanish Agrawal & Associates appointed internal auditor effective 28-Mar-2026. | [Announcement under Regulation 30 (LODR)-Change in Management 28 Mar - Rajesh Bhati & Associates resigned; Hanish Agrawal & Associates appointed internal auditor effective 28-Mar-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5dfe5657-110e-4094-ad96-13fe1aebe6fb.pdf) |
| 20 Feb - Pls find Investor Presentation - Q3 & 9M FY 26 in the attached PDF. | [Announcement under Regulation 30 (LODR)-Investor Presentation 20 Feb - Pls find Investor Presentation - Q3 & 9M FY 26 in the attached PDF.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e431412-281b-4c8d-a87c-4b47d60faddd.pdf) |
| 2 Apr - SEBI issued warning letter for delayed update of materiality policy under LODR. | [DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 - RECEIPT OF ADMINISTRATIVE WARNING LETTER 2 Apr - SEBI issued warning letter for delayed update of materiality policy under LODR.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b82b82f7-938f-4ae6-9ebe-323110cf171e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e431412-281b-4c8d-a87c-4b47d60faddd.pdf) |
| 2025-11-25 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad720fc3-1010-4ca4-80c6-f8d6664fad7b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21210_NARMADA_2021_2022_03092022150637_09032022160018.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19621_NARMADA_2020_2021_07092021175717_09072021180038.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17262_NARMADA_2019_2020_04092020160954_04092020170001.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15721_NARMADA_2018_2019_04092019150448_04092019160006.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14208_NARMADA_2017_2018_10102018140215.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afb4aa5b-e177-4970-bf5a-4bc041331215.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6911813a-3f84-4d42-bc53-7156f7f368d4.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81d8b04f-d7fc-49de-98f6-41b40e0208f7.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ae70e9d-1e2d-4291-aba3-95d65fa024fb.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2025-11-29 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cfc06138-63f7-483d-9248-d4db2ce404d5.pdf) |
| 2025-08-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=703b2c63-bfe2-456a-8f91-d535d7f70b5a.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2025-11-27 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1710b57f-644e-4ab5-86d6-ba6c56187369.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfc06138-63f7-483d-9248-d4db2ce404d5.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/703b2c63-bfe2-456a-8f91-d535d7f70b5a.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:26.963Z.