On 6 Nov 2026, Narmada Agrobase was priced at ₹11.75, or 24.5× trailing earnings, against an industry P/E of 14.4×, and the shares are 48% below their 52-week high. Its ROCE of 9.9% is the second-lowest among the 7 largest Agricultural Inputs peers, and sales and net profit grew 16% and 81% a year over 3 years. Debt is 0.17× equity. It is a small-cap company with a market cap of ₹89 Cr, ranked 54th of 72 Agricultural Inputs companies by market cap; the shares rose 2.4% over the past year.
- ₹11.70
- ₹12.00
- ₹11.65
- ₹11.95
- 58.3K
Health check
- ReturnsAhead
+2.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 24.5 vs industry 14.4.
- GrowthStrong
Sales +16.1%, profit +80.8% a year over 3 years.
- ProfitabilityWeak
ROCE 9.9% vs peer median 20.9%.
- Balance sheetFair
Debt 0.17× equity, interest covered 7.5×, Piotroski 4 of 9.
- Red flags4 to check
Return on equity is low at 6.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹89 Cr
- Small cap
- P/E
- 24.5
- Industry 14.4
- Price to book
- 1.50
- Peers 4.28
- Dividend yield
- 0.00%
- ROE
- 6.7%
- Peers 16.2%
- ROCE
- 9.9%
- Peers 20.9%
- Debt to equity
- 0.17
- Debt ₹10 Cr
- EPS (TTM)
- ₹0.48
- Face value ₹5
- OPM (TTM)
- 5.1%
- Net margin 4.0%
- Sales growth
- +100.9%
- Latest quarter vs a year ago
- Profit growth
- −26.0%
- Latest quarter vs a year ago
- Price to sales
- 1.00
- EV/EBITDA 21.6
Strengths and risks
Strengths
- Quarterly sales up 100.9% on a year ago.
Risks to check
- Return on equity is low at 6.7%.
- Quarterly profit down 26.0% on a year ago.
- P/E of 24.5 against an industry P/E of 14.4.
- 48% below its 52-week high.
About Narmada Agrobase
Narmada Agrobase Limited manufactures and sells cotton seeds and cattle feeds in India. The company offers cotton seed meal, bleached cotton linters, gwar korma, maize meal, multi grain meal, maize oil cakes, cotton seed oil cakes, cotton linters, poultry feeds, mesh and pellet cattle feed, compound cattle feed, and delinted cotton seeds. Its products are used for fertilizers and animal feed, as well as various industries, including furniture, paper,…
- Headquarters
- Ahmedabad
- Employees
- 12
- Sector
- Basic Materials
- ISIN
- INE117Z01029
- Website
- narmadaagrobase.com
Price range
- Avg volume (3M)
- 5.2 L
- 1-year return
- plus 2.4%
- From 52-week high
- minus 48.0%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| NARMADANarmada Agrobase | 11.75 | minus 1.67% | 89 | 24.5 | 17.9 | 9.9% | 5.1% | 0.17 | 16.1% | plus 2.4% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.1 | 12 | 21.4 | 34 | 22.3 | |
| 9.8 | 10.7 | 20 | 33 | 21.3 | |
| 1.3 | 1.3 | 1.4 | 1 | 0.9 | |
| 11.9% | 10.8% | 6.5% | 2.9% | 4.2% | |
| 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 1.4 | 1.4 | 1.4 | 1.1 | 1 | |
| 25.2% | 25.2% | 28.4% | 24.5% | 25.2% | |
| 1 | 1 | 1 | 0.8 | 0.8 | |
| 0.14 | 0.14 | 0.14 | 0.10 | 0.10 |
Profit & loss
- Sales CAGR 3Y
- +16.1%
- Profit CAGR 3Y
- +80.8%
- EPS CAGR 3Y
- +41.3%
- ROE
- 6.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 50 | 50.3 | 65.7 | 78.4 | |
| – | +0.6% | +30.5% | +19.4% | |
| 48 | 47.8 | 60.1 | 73.4 | |
| 2 | 2.5 | 5.6 | 5 | |
| 4.1% | 5.0% | 8.5% | 6.3% | |
| 0 | 0 | 0.7 | 1.2 | |
| 0.8 | 0.9 | 0.8 | 0.8 | |
| 0.3 | 0.3 | 0.2 | 0.2 | |
| −0 | – | – | – | |
| 0.9 | 1.4 | 5.2 | 5.2 | |
| 26.7% | 24.7% | 20.7% | 25.9% | |
| 0.7 | 1 | 4.1 | 3.9 | |
| – | +56.3% | +301.0% | minus 5.6% | |
| 0.18 | 0.32 | 0.78 | 0.51 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.5 | 13.5 | 37.9 | 37.9 | |
| 2.3 | 3.4 | 17.9 | 21.4 | |
| 10.1 | 9.7 | 9.5 | 10.1 | |
| 1.4 | 1.4 | 1.1 | 2.8 | |
| 27.3 | 28 | 66.5 | 72.3 | |
| 3.4 | 3.2 | 3 | 2.9 | |
| – | – | 0 | – | |
| 0 | 0.3 | 0.3 | 2 | |
| 0.6 | 0.5 | 14.8 | 10.4 | |
| 23.3 | 24 | 48.4 | 57 | |
| 27.3 | 28 | 66.5 | 72.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 0.9 | −15.9 | −1.3 | |
| 0.4 | 0.3 | −3.6 | −3 | |
| −0.5 | −1.4 | 33.8 | −0.2 | |
| −0.1 | −0.1 | 14.3 | −4.4 | |
| – | −0 | −0.1 | −0.1 | |
| 0.1 | 0.9 | −16 | −1.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.