526739

Narmada Gelatine financials

Market cap
₹281 Cr
Sector
Chemicals

Quarterly results

Q1 FY27: revenue up 23.2%, net profit up 64.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue48 48 50 46 51 +7%57 +18%62 +24%56 +23%
EBITDA5 7 7 8 9 +79%11 +62%14 +84%12 +56%
Net profit4 4 5 5 6 +69%7 +73%10 +79%8 +64%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +18.9% 1Y

₹350₹400₹450₹500₹550Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹389.45 on 10 Sept 2025 → ₹463.1. High ₹541.65 (11 Aug 2026), low ₹332.4 (27 Jan 2026).

Financials, as filed

Revenue grew 8.9% a year over 2 years, FY24 to FY26. Operating margin widened to 19.2%.

Year endingFY24FY25FY26
Revenue₹182 Cr₹189 Cr₹215 Cr
Operating profit₹21 Cr₹25 Cr₹41 Cr
Operating margin11.7%13.0%19.2%
Interest₹0 Cr₹1 Cr₹1 Cr
Depreciation₹2 Cr₹2 Cr₹3 Cr
Net profit₹15 Cr₹17 Cr₹28 Cr
Net margin8.4%9.2%13.2%
Cash from operations—₹17 Cr₹25 Cr
Free cash flow—₹2 Cr₹15 Cr
ROCE20.0%20.0%28.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY25FY26
Equity capital₹6 Cr₹6 Cr
Reserves₹120 Cr₹135 Cr
Borrowings₹12 Cr₹8 Cr
Other liabilities₹25 Cr₹26 Cr
Total liabilities₹164 Cr₹175 Cr
Fixed assets₹33 Cr₹41 Cr
Capital work in progress₹8 Cr₹6 Cr
Investments₹43 Cr₹41 Cr
Other assets₹80 Cr₹87 Cr
Total assets₹164 Cr₹175 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count grew 1% to 7,723.

Promoters
75.0%
DIIs
0.0%
Public
25.0%

Since Jun 2025

  • Public −0.01 pp
  • Promoters 0.00 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Over this window promoters fell from 77.7% to 75.0% — −2.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 77.7%, DIIs 0.0%, Public 22.4%.Dec '23: Promoters 77.7%, DIIs 0.0%, Public 22.3%.Mar '24: Promoters 77.7%, DIIs 0.0%, Public 22.3%.Jun '24: Promoters 77.7%, DIIs 0.0%, Public 22.3%.Sep '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Narmada Gelatine above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Pioneer Jellice India Private Limited 40.06%unchanged
Ashok Matches And Timber Industries Private Limited 34.94%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹463, this stock must grow earnings at -3% every year for 7 years. Our analysis caps realistic growth at ~36%. At that growth it is worth ₹3514 — upside of 659%.

Growth the price implies
-2.9% a year
for 7 years, fading to 4%
It has actually compounded at
36.2% a year
net profit, FY24–FY26 · EPS 36.2%
The gap
-0.4 pp
659% downside if it only repeats history
Price today ₹463.1 Value at the reference growth ₹3,514.41

Change the assumptions yourself →

Learn to analyse Narmada Gelatine

Guides on how to read this kind of business and the numbers that matter.