NARMP
Narmada Macplast Drip Irrigation Sy financials
- Market cap
- ₹78 Cr
Quarterly results
Q1 FY27: revenue up 19.0%, net profit up 12.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 4 | 2 | 3 | 3 +219% | 3 −5% | 4 +51% | 4 +19% |
| EBITDA | 0 | 0 | 0 | 1 | 1 +358% | 1 +185% | 1 +49% | 1 +13% |
| Net profit | 0 | 5 | 0 | 0 | 0 +116% | 0 −91% | 0 +5% | 0 +12% |
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 +16.0% 1Y
1Y: ₹20.31 on 10 Sept 2025 → ₹23.56. High ₹32.95 (17 Oct 2025), low ₹15.32 (23 Mar 2026).
Financials, as filed
Revenue grew 170.4% a year over 2 years, FY24 to FY26. Operating margin widened to 17.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹2 Cr | ₹7 Cr | ₹13 Cr |
| Operating profit | ₹-0 Cr | ₹1 Cr | ₹2 Cr |
| Operating margin | -8.8% | 9.6% | 17.1% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹5 Cr | ₹2 Cr |
| Net margin | 0.5% | 77.1% | 12.6% |
| Cash from operations | ₹-0 Cr | ₹-5 Cr | ₹-0 Cr |
| Free cash flow | ₹-0 Cr | ₹0 Cr | ₹-0 Cr |
| ROCE | 1.4% | 20.8% | 26.5% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹7 Cr |
| Reserves | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹5 Cr | ₹2 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹6 Cr | ₹10 Cr |
| Total liabilities | ₹6 Cr | ₹6 Cr | ₹3 Cr | ₹3 Cr | ₹15 Cr | ₹19 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹5 Cr | ₹5 Cr | ₹2 Cr | ₹2 Cr | ₹15 Cr | ₹19 Cr |
| Total assets | ₹6 Cr | ₹6 Cr | ₹3 Cr | ₹3 Cr | ₹15 Cr | ₹19 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 55% to 6,940.
- Promoters
- 5.6%
- Public
- 94.4%
Since Jun 2025
- Public −0.02 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 53.0% to 94.4% — +41.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 45.7%, DIIs 1.3%, Public 53.0%.Dec '23: Promoters 45.7%, DIIs 1.3%, Public 53.0%.Mar '24: Promoters 45.7%, DIIs 1.3%, Public 53.0%.Jun '24: Promoters 45.7%, DIIs 1.3%, Public 53.0%.Sep '24: Promoters 12.3%, DIIs 1.3%, Public 86.3%.Dec '24: Promoters 5.6%, DIIs 1.3%, Public 93.1%.Mar '25: Promoters 5.6%, Public 94.4%.Jun '25: Promoters 5.6%, Public 94.4%.Sep '25: Promoters 5.6%, Public 94.4%.Dec '25: Promoters 5.6%, Public 94.4%.Mar '26: Promoters 5.6%, Public 94.4%.Jun '26: Promoters 5.6%, Public 94.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Narmada Macplast Drip Irrigation Sy above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vrajlal Jadavji Vaghasia | 5.58% | unchanged |
| Jiten Vrajlal Vaghasia | 0.00% | 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.
Learn to analyse Narmada Macplast Drip Irrigation Sy
Guides on how to read this kind of business and the numbers that matter.