NARMP share price, P/E, ROE & financials

Narmada Macplast Drip Irrigation Systems (BSE: NARMP) had a P/E of 4.6× on 6 Nov 2026, below the industry P/E of 20.4×, and the shares are 20% below their 52-week high. It earns ROCE of 24% and ROE of 20%, and sales grew 9.9% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹84 Cr, ranked 21st of 24 Farm & Heavy Construction Machinery companies by market cap; the shares fell 2.6% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹23.59
Day high: ₹24.20
Day low: ₹23.10
Prev. close: ₹23.52
Volume: 60.5K

Health check

4 good · 1 fair · 1 to check

ReturnsAhead
−2.6% over a year, better than 5 of 7 peers.
Price tagCheaper
P/E 4.6 vs industry 20.4.
GrowthSteady
Sales +9.9%, profit +475.0% a year over 3 years.
ProfitabilityStrong
ROCE 24.1% vs peer median 19.4%.
Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Farm & Heavy Construction Machinery

23 listed peers. Screen the industry

Small cap

₹84 Cr, #21 of 24 in its industry by size.

Defensive

Beta 0.33 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹14 Cr · profit ₹2 Cr

Market cap: ₹84 Cr; Small cap
P/E: 4.6; Industry 20.4
Price to book: 8.98; Peers 6.87
Dividend yield: 0.00%
ROE: 19.6%; Peers 17.7%
ROCE: 24.1%; Peers 19.4%
Debt to equity: 0.00; Debt ₹0.04 Cr
EPS (TTM): ₹5.02
OPM (TTM): 17.2%; Net margin 12.4%
Sales growth: +3.8%; Latest quarter vs a year ago
Profit growth: +23.1%; Latest quarter vs a year ago
Price to sales: 6.08; EV/EBITDA 3.6

Strengths

Return on equity of 19.6%.
Return on capital employed of 24.1%.
Practically debt-free.
Quarterly profit up 23.1% on a year ago.
P/E of 4.6 against an industry P/E of 20.4.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Narmada Macplast Drip Irrigation Systems

Narmada Macplast Drip Irrigation Systems Ltd. engages in the provision of drip irrigation systems services. The company is based in Gandhinagar, India.

Headquarters: Gandhinagar
Employees: 6
Sector: Industrials
ISIN: INE060D01028
Website: narmadadrip.com

Price range

52 weeks

₹14.56₹29.04

Today

₹23.10₹24.20

Avg volume (3M): 83.8K
1-year return: minus 2.6%
From 52-week high: minus 19.7%

Peers · Farm & Heavy Construction Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASHOKLEYAshok Leyland	172.09	plus 1.10%	1,01,083	29.1	12.2	14.5%	21.5%	3.45	10.6%	plus 21.2%
ESCORTSEscorts Kubota	2,443.40	minus 0.67%	26,888	20.4	13.5	14.4%	11.5%	0.01	11.3%	minus 35.6%
ACEAction Construction Equipment	1,167.70	plus 3.55%	13,900	31.8	25.5	28.5%	15.6%	0.00	15.0%	plus 2.8%
OLECTRAOlectra Greentech	1,026.35	minus 2.21%	8,424	47.5	26.6	19.4%	13.8%	0.31	28.4%	minus 30.9%
AJAXENGGAjax Engineering	556.65	minus 1.24%	6,369	28.1	20.0	21.4%	12.5%	0.00	22.2%	minus 5.8%
SWARAJENGSwaraj Engines	3,495.30	minus 1.97%	4,247	20.0	15.2	52.8%	12.6%	0.01	12.2%	minus 9.6%
VSTTILLERSV.S.T Tillers Tractors	3,941.70	minus 2.48%	3,411	31.4	16.5	12.4%	13.3%	0.00	7.2%	minus 33.8%
NARMPNarmada Macplast Drip Irrigation Systems	23.31	minus 0.89%	84	4.6	36.6	24.1%	17.2%	0.00	9.9%	minus 2.6%
Median of 7 peers	–	−1.24%	8,424	29.1	16.5	19.4%	13.3%	0.01	12.2%	−9.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
3.1	3.3	3.7	3.7	3.2
2.6	2.8	3.1	3.1	2.6
0.6	0.6	0.6	0.6	0.6
17.6%	16.9%	16.2%	16.5%	19.3%
0	0	−0	0	0
0	0	0	0	0
0.6	0.6	0.6	0.6	0.6
26.2%	26.0%	25.9%	26.0%	20.1%
0.4	0.4	0.4	0.5	0.5
1.12	1.15	1.24	1.24	1.38

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +9.9%
Profit CAGR 3Y: +475.0%
EPS CAGR 3Y: +32.0%
ROE: 19.6%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
10	1.8	7	13.3
–	minus 81.9%	+285.3%	+90.5%
10.3	2	6.3	11
−0.2	−0.2	0.7	2.3
−2.4%	−9.1%	9.6%	17.3%
0.3	0.2	0.4	−0
0	0	0	0
0	0	0	0
–	–	5.4	–
0	0	6.5	2.3
24.8%	84.9%	16.6%	26.0%
0	0	5.4	1.7
–	minus 79.5%	+299438.9%	minus 68.9%
0.02	–	1.49	0.05

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.6	3.6	3.6	7.2
−1.3	−1.3	4.1	2.2
0.4	0.6	–	0
0.6	0.5	1.1	9.6
3.4	3.4	8.8	19.1
0.3	0.5	0	0
–	0.1	–	–
0.6	0.6	0	0
0.3	−0	0.4	0.1
2.1	2.3	8.4	19
3.4	3.4	8.8	19.1

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−1.5	−0.4	−5.4	−0.4
−0.9	−0.1	6.5	−0
2.7	0.1	−0.6	0
0.3	−0.3	0.4	−0.3
−0.4	−0.1	−0.1	−0
−1.9	−0.5	−5.5	−0.4
–	–	–	−0

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you