Nirman Agri share price & results
- Mar 2026
- Mar 2026
Nashik (Maharashtra)-based agri-input company that produces, processes and markets hybrid and non-hybrid seeds, pesticides, bio-fertilizers and micronutrients for Indian farmers.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 50.0 | −59.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 7.0 | −5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.0 | −78.6% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −18.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -12.30 | +2.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −293.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −81.2% 1Y
1Y: ₹122.7 on 24 Oct 2025 → ₹23.05. High ₹122.7 (24 Oct 2025), low ₹22.85 (23 Oct 2026).
- Previous close
- ₹24.2
- Market cap
- ₹22 Cr
- 52-week range
- ₹22.85 – ₹116.6
- One year
- −80.23%
- Price to earnings (FY ending Mar 2026)
- 1.23×
- Return on equity (FY ending Mar 2026)
- 15.13%
Overview
- Symbol
- NSE:NIRMAN
- Exchange
- NSE
- Currency
- INR
What Nirman Agri does
Based on the company's own presentations, annual report and earnings calls.
Nirman Agri Genetics Limited is an organized agri-input company engaged in the production, processing and marketing of high-quality hybrid seeds, non-hybrid seeds, pesticides, bio-organic products and micronutrients, all marketed under its own brand name. It runs its own seed production and processing facilities in Maharashtra and recently commissioned a new high-end processing plant to expand production and processing capacity across its product lines. The company reaches farmers through direct sales and dealer networks, and supports adoption of its products through farmer training workshops, field demonstrations and seed trial programs.
Segments
- Seeds
- Pesticides
- Fertilizers & bio-products
- Processing plant capacity
- 10 tonnes/hour (new high-end plant)
- Production facilities
- Own seed production & processing units in Maharashtra
- Product categories
- Seeds (hybrid & non-hybrid), pesticides, bio-fertilizers/micronutrients, bio-organic products
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −79% (quarter to mar 2026 against mar 2025).
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 19 | 39 | 50 | 112 | 61 | 124 | 146 | 50 |
| Expenses | 16 | 33 | 45 | 100 | 54 | 110 | 131 | 47 |
| Operating profit | 3 | 7 | 5 | 12 | 7 | 15 | 15 | 4 |
| Operating margin | 17.0% | 17.0% | 10.5% | 11.0% | 11.8% | 12.0% | 10.0% | 7.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit before tax | 3 | 7 | 5 | 12 | 7 | 14 | 15 | 3 |
| Tax rate | 0.3% | 2.0% | 3.8% | 4.0% | 1.8% | 3.0% | 3.0% | 3.0% |
| Net profit | 3 | 6 | 5 | 11 | 7 | 14 | 15 | 3 |
| EPS (₹ per share) | 3.92 | 8.10 | 6.30 | 14.30 | 8.40 | 17.04 | 18.20 | 3.78 |
| Line item | Mar 2024 | Mar 2025 |
|---|---|---|
| Sales | 93 | 347 |
| Expenses | 78 | 309 |
| Operating profit | 16 | 40 |
| Other income | 0 | 0 |
| Interest | 0 | 0 |
| Depreciation | 0 | 1 |
| Profit before tax | 16 | 38 |
| Net profit | 15 | 37 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 6 | 6 | 8 | 8 | 8 |
| Reserves | 3 | 21 | 31 | 102 | 117 | 120 |
| Borrowings | 1 | 1 | 1 | 0 | 0 | 0 |
| Other liabilities | 2 | 2 | 6 | 3 | 2 | 2 |
| Total liabilities | 6 | 30 | 44 | 113 | 127 | 129 |
| Fixed assets | 0 | 1 | 0 | 2 | 2 | 2 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 6 | 29 | 44 | 111 | 125 | 128 |
| Total assets | 6 | 30 | 44 | 113 | 127 | 129 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 0 | 4 | -32 | -24 |
| Cash from investing | 0 | 0 | -21 | -2 | 10 | 0 |
| Cash from financing | 1 | 0 | 20 | -1 | 46 | -1 |
| Net cash flow | 1 | 0 | -1 | 1 | 24 | -25 |
| Free cash flow | 0 | 0 | -1 | 4 | -33 | -25 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 58 | 114 | 52 | 67 | 58 | 129 |
| Inventory days | 21 | 25 | 76 | 61 | — | — |
| Days payable | 40 | 38 | 6 | 39 | — | — |
| Cash conversion cycle | 39 | 101 | 121 | 89 | 58 | 129 |
| Working capital days | 32 | 76 | 87 | 76 | 110 | 213 |
| Return on capital employed | — | 133.0% | 27.0% | 34.0% | 35.0% | 15.0% |
| Dividend payout | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
AttractiveInsufficient data to quantify the expectations gap.
- Growth the price implies
- A decline
- for 7 years, fading to 4%
- It has actually compounded at
- 146.0% a year
- net profit, FY24–FY25 · EPS 139.9%
- The gap
- —
- 646137% downside if it only repeats history
Ownership
Who owns it
Public hold 55.65% as of Mar 2026; institutions cut 1.31 pts since Sept 2025.
- Promoters 44.34%
- Foreign institutions 0.02%
- Domestic institutions 0.00%
- Public 55.65%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.13% held
- newly disclosed 1.79% held
- +0.73 pp 1.89% held
- +0.54 pp 1.55% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Nirman Agri above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 44.33% | unchanged | |
| 2.13% | newly disclosed | |
| 1.89% | +0.73 pp | |
| 1.79% | newly disclosed | |
| 1.55% | +0.54 pp | |
| — | off the list | |
| — | off the list | |
| Unclassified | — | off the list |
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.
Your own record
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