S
Narmada Gelatines Ltd
NARMADAGELATINESLTD NSE
Narmada Gelatines Ltd
ChemicalsNSE: NARMADAGELATINESLTD BSE: SHAWGELTIN Specialty Chemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹304 Cr
Volatility
Moderate
P/E Ratio
9.7
EBITDA
₹41.60 Cr
Return on Equity
21.68%
Debt to Equity
0.06
Book Value
₹240.09
EPS
₹23.8
52W High
₹530
52W Low
₹327.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 38.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 32.0%
Weaknesses
1- The company has delivered a poor sales growth of 9.82% over past five years.
Growth Rate
Revenue Growth
13.17% ↗
Net Income Growth
75.00% ↗
Cash Flow Change
52.74% ↗
ROE
44.63% ↗
ROCE
43.19% ↗
EBITDA Margin (Avg.)
40.12% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.86 | 43.66 | 41.59 | 47.08 | 49.47 | 43.22 | 47.91 | 48.02 | 49.77 | 45.77 | 51.21 | 56.73 | 61.7 |
| Expenses | 43.18 | 37.57 | 37.71 | 42.38 | 42.85 | 37.93 | 42.68 | 41.44 | 42.29 | 38.25 | 41.86 | 46.06 | 47.94 |
| Operating Profit | 6.68 | 6.09 | 3.88 | 4.7 | 6.62 | 5.29 | 5.23 | 6.58 | 7.48 | 7.52 | 9.35 | 10.67 | 13.76 |
| OPM % | 13.4% | 13.95% | 9.33% | 9.98% | 13.38% | 12.24% | 10.92% | 13.7% | 15.03% | 16.43% | 18.26% | 18.81% | 22.3% |
| Other Income | 0.19 | 0.27 | 0.39 | 0.45 | 0.5 | 0.56 | 0.77 | 0.29 | 0.03 | 0.04 | 0.55 | 0.05 | 0.14 |
| Interest | 0.11 | 0.09 | 0.09 | 0.05 | 0.03 | 0.03 | 0.27 | 0.55 | 0.36 | 0.24 | 0.2 | 0.29 | 0.29 |
| Depreciation | 0.48 | 0.5 | 0.51 | 0.51 | 0.52 | 0.52 | 0.59 | 0.56 | 0.55 | 0.65 | 0.65 | 0.65 | 0.92 |
| PBT | 6.28 | 5.77 | 3.67 | 4.59 | 6.57 | 5.3 | 5.14 | 5.76 | 6.6 | 6.67 | 9.05 | 9.78 | 12.69 |
| Tax % | 26.43% | 24.78% | 27.25% | 25.49% | 25.27% | 24.53% | 25.49% | 25.69% | 18.79% | 25.34% | 28.4% | 24.34% | 24.51% |
| Net Profit | 4.62 | 4.34 | 2.67 | 3.42 | 4.91 | 4 | 3.83 | 4.28 | 5.36 | 4.98 | 6.48 | 7.4 | 9.58 |
| EPS in Rs | 7.64 | 7.17 | 4.41 | 5.65 | 8.12 | 6.61 | 6.33 | 7.07 | 8.86 | 8.23 | 10.71 | 12.23 | 15.84 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 134 | 131 | 113 | 118 | 126 | 134 | 135 | 157 | 191 | 182 | 189 | 215 |
| Expenses | 113 | 120 | 109 | 112 | 116 | 120 | 127 | 143 | 171 | 161 | 164 | 174 |
| Operating Profit | 21 | 11 | 4 | 5 | 9 | 14 | 8 | 15 | 20 | 21 | 25 | 41 |
| OPM % | 16% | 8% | 3.3% | 4.6% | 7% | 11% | 6% | 9% | 10% | 12% | 13% | 19% |
| Other Income | 4 | 3 | 6 | 4 | 5 | 6 | 6 | 3 | 2 | 2 | 2 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 |
| PBT | 23 | 13 | 8 | 8 | 13 | 18 | 11 | 15 | 20 | 21 | 23 | 38 |
| Tax % | 34% | 36% | 27% | 5% | 24% | 28% | 26% | 20% | 23% | 26% | 24% | 26% |
| Net Profit | 16 | 8 | 6 | 8 | 10 | 13 | 8 | 12 | 15 | 15 | 17 | 28 |
| EPS in Rs | 25.62 | 13.7 | 10.1 | 13.29 | 16.63 | 21.29 | 13.98 | 20.4 | 25.26 | 25.34 | 28.45 | 47.01 |
| Div. Payout % | 14% | 29% | 40% | 30% | 60% | 47% | 72% | 49% | 396% | 39% | 35% | 21% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 98 | 103 | 112 | 118 | 125 | 130 | 133 | 139 | 88 | 103 | 113 | 135 |
| Borrowings | 1 | 2 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 13 | 8 |
| Other Liabilities | 15 | 17 | 21 | 16 | 22 | 24 | 26 | 25 | 23 | 25 | 27 | 26 |
| Total Liabilities | 120 | 128 | 140 | 140 | 155 | 161 | 165 | 170 | 117 | 134 | 159 | 175 |
| Fixed Assets | 23 | 23 | 22 | 25 | 24 | 26 | 29 | 27 | 28 | 27 | 33 | 41 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 7 | 6 |
| Investments | 27 | 34 | 45 | 53 | 68 | 65 | 50 | 48 | 4 | 10 | 41 | 41 |
| Other Assets | 70 | 72 | 73 | 62 | 61 | 69 | 85 | 94 | 85 | 97 | 78 | 87 |
| Total Assets | 120 | 128 | 140 | 140 | 155 | 161 | 165 | 170 | 117 | 134 | 159 | 175 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 6 | 7 | 7 | 9 | 12 | 5 | 3 | 2 | 14 | 15 | 17 | 25 |
| Investing | 0 | -7 | -2 | -2 | -5 | -4 | 6 | 10 | 44 | -12 | -29 | -13 |
| Financing | -3 | -2 | -5 | -3 | -1 | -9 | -7 | -6 | -67 | 0 | 5 | -12 |
| Net Cash Flow | 3 | -2 | 0 | 4 | 6 | -8 | 2 | 6 | -9 | 2 | -6 | 0 |
| Free Cash Flow | 6 | 6 | 7 | 4 | 11 | 1 | 0 | 2 | 12 | 13 | 2 | 15 |
| CFO/OP | 66 | 99 | 246 | 208 | 152 | 58 | 96 | 42 | 101 | 90 | 92 | 79 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 47 | 52 | 59 | 56 | 55 | 48 | 36 | 37 | 44 | 48 | 49 |
| Inventory Days | 194 | 169 | 192 | 144 | 144 | 166 | 166 | 185 | 152 | 161 | 155 | 156 |
| Days Payable | 21 | 23 | 52 | 40 | 62 | 63 | 62 | 57 | 42 | 50 | 57 | 39 |
| Cash Conversion Cycle | 214 | 193 | 193 | 163 | 138 | 158 | 152 | 164 | 147 | 155 | 146 | 166 |
| Working Capital Days | 117 | 120 | 146 | 127 | 95 | 108 | 115 | 119 | 97 | 103 | 88 | 97 |
| ROCE % | 21% | 12% | 4% | 5% | 7% | 11% | 5% | 10% | 16% | 20% | 20% | 28% |
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Filed Regulation 74(5) certificate for quarter and year ended March 31, 2026. 7 Apr - Filed Regulation 74(5) certificate for quarter and year ended March 31, 2026.
3
Announcement under Regulation 30 (LODR)-Credit Rating
6 Mar - CARE Edge reaffirmed Narmada Gelatines' ratings: Term loan ₹31.35cr CARE BBB; Stable; CC ₹20.00cr CARE A3+ (06-Mar-2026) 6 Mar - CARE Edge reaffirmed Narmada Gelatines' ratings: Term loan ₹31.35cr CARE BBB; Stable; CC ₹20.00cr CARE A3+ (06-Mar-2026)
4
Opening Of Special Window For Transfer And Dematerialization Of Physical Securities
2 Mar - SEBI opens Feb 5, 2026–Feb 4, 2027 window for transfer/demat of pre-April 1, 2019 securities; one-year lock-in. 2 Mar - SEBI opens Feb 5, 2026–Feb 4, 2027 window for transfer/demat of pre-April 1, 2019 securities; one-year lock-in.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Newspaper Advertisement - Disclosure under Regulation 30 and 47 of of SEBI (LODR) Regulations, 2015, extracts of Un-audited Financial Results for the quarter and nine … 13 Feb - Newspaper Advertisement - Disclosure under Regulation 30 and 47 of of SEBI (LODR) Regulations, 2015, extracts of Un-audited Financial Results for the quarter and nine …
Frequently Asked Questions about Narmada Gelatines Ltd
What does Narmada Gelatines Ltd do?
Incorporated in 1969, Narmada Gelatines Ltd manufactures and sells Gelatine and Ossein[1]
Where is Narmada Gelatines Ltd (SHAWGELTIN) listed?
Narmada Gelatines Ltd is listed on the Indian stock exchanges. It is listed on NSE: NARMADAGELATINESLTD and BSE: SHAWGELTIN. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Narmada Gelatines Ltd belong to?
Narmada Gelatines Ltd operates in the Chemicals sector within the Specialty Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Narmada Gelatines Ltd?
Narmada Gelatines Ltd has a market capitalisation of approximately ₹303.97 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Narmada Gelatines Ltd?
The Price-to-Earnings (PE) ratio of Narmada Gelatines Ltd is 9.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Narmada Gelatines Ltd?
Over the past 52 weeks, Narmada Gelatines Ltd has traded between a low of ₹327.3 and a high of ₹530. This range helps investors understand the stock's price volatility and recent trading levels.
Does Narmada Gelatines Ltd pay dividends?
Yes, Narmada Gelatines Ltd has a dividend yield of 2.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Narmada Gelatines Ltd?
Narmada Gelatines Ltd has a Return on Equity (ROE) of 21.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Narmada Gelatines Ltd on Tapetide?
On Tapetide, you can view Narmada Gelatines Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1969, Narmada Gelatines Ltd manufactures and sells Gelatine and Ossein[1]