National Standard (India) (NATIONSTD) had a P/E of 20.7× on 6 Nov 2026, below the industry P/E of 22.1×, and the shares are 28% below their 52-week high. It earns ROCE of 4.7% and ROE of 3.6%, and sales and net profit grew 5.7% and 5.4% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. It is a small-cap company with a market cap of ₹213 Cr, ranked 59th of 112 Real Estate (Development) companies by market cap; the shares fell 21% over the past year.
- ₹110.35
- ₹111.10
- ₹105.20
- ₹109.87
- 3.6K
Health check
- ReturnsIn line
−20.5% over a year, better than 3 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales +5.7%, profit +5.4% a year over 3 years.
- ProfitabilityWeak
ROCE 4.7% vs peer median 10.4%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags4 to check
Return on equity is low at 3.6%.
Small cap
Defensive
Key metrics
- Market cap
- ₹213 Cr
- Small cap
- P/E
- 20.7
- Industry 22.1
- Price to book
- 0.74
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 3.6%
- Peers 11.1%
- ROCE
- 4.7%
- Peers 10.4%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹5.15
- Face value ₹10
- OPM (TTM)
- −2.8%
- Net margin 478.6%
- Sales growth
- −73.4%
- Latest quarter vs a year ago
- Profit growth
- −21.6%
- Latest quarter vs a year ago
- Price to sales
- 99.04
Strengths and risks
Risks to check
- Return on equity is low at 3.6%.
- Quarterly profit down 21.6% on a year ago.
- Quarterly sales down 73.4% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About National Standard (India)
National Standard (India) Limited engages in real estate development in India. The company was formerly known as National Standard Duncan Limited. The company was incorporated in 1962 and is based in Mumbai, India. National Standard (India) Limited operates as a subsidiary of Macrotech Developers Limited.
- Headquarters
- Mumbai
- Sector
- Real Estate
- ISIN
- INE166R01015
- Website
- nsil.net.in
Price range
- Avg volume (3M)
- 39.1K
- 1-year return
- minus 20.5%
- From 52-week high
- minus 28.1%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| NATIONSTDNational Standard (India) | 106.50 | minus 3.07% | 213 | 20.7 | – | – | −2.8% | – | – | minus 20.5% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | – | 3.2 | – | −1 | – | |
| – | – | 3.2 | – | 0.1 | – | |
| −2.9 | −0.4 | −0.1 | −3 | −1.1 | −0.1 | |
| – | – | −1.9% | – | 107.1% | – | |
| 4.3 | – | 4.4 | 4.6 | 4.5 | 4.6 | |
| 1.5 | – | 4.3 | 1.7 | 3.4 | 4.5 | |
| 33.6% | – | 24.5% | 29.6% | 25.2% | 25.2% | |
| 1 | – | 3.3 | 1.2 | 2.5 | 3.3 | |
| – | 2.13 | 1.63 | 0.58 | 1.27 | 1.67 |
Profit & loss
- Sales CAGR 3Y
- +5.7%
- Profit CAGR 3Y
- +5.4%
- EPS CAGR 3Y
- +5.4%
- ROE
- 3.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.3 | 21.2 | 21.9 | 20.4 | |
| – | +22.5% | +3.4% | minus 6.7% | |
| 15.8 | 17.7 | 22.1 | 23.8 | |
| 1.5 | 3.4 | −0.2 | −3.4 | |
| 8.7% | 16.2% | −0.9% | −16.4% | |
| 10.6 | 16.5 | 18.5 | 19.5 | |
| 0.1 | 0 | – | – | |
| 0 | 0 | 0 | – | |
| – | – | – | −2.9 | |
| 12 | 19.9 | 18.3 | 13.3 | |
| 31.4% | 26.1% | 27.8% | 27.3% | |
| 8.2 | 14.7 | 13.2 | 9.7 | |
| – | +78.7% | minus 10.4% | minus 26.8% | |
| 4.12 | 7.37 | 6.60 | 4.83 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20 | 20 | 20 | 20 | |
| 224 | 239 | 252 | 262 | |
| 9 | 8.4 | 4.8 | 2.9 | |
| 253 | 268 | 277 | 285 | |
| 0 | 0 | – | – | |
| 1 | 1 | 0.3 | 11.7 | |
| 252 | 267 | 277 | 273 | |
| 253 | 268 | 277 | 285 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.8 | −1 | −8.3 | −6 | |
| −13.8 | 1 | 7.5 | 17.5 | |
| −0.9 | −0 | −0.8 | 11.5 | |
| 12.8 | −1 | −8.3 | −6 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.