Narmada Gelatines share price & results
- Jun 2026
- Sept 2026
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 | 56.4 | +23.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.8 | +4.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 9.3 | +56.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 26.29 | +9.2 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.11 | +6.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | Trailing twelve months | TTM to Jun 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance +29.6% 1Y
1Y: ₹371.85 on 16 Sept 2025 → ₹482. High ₹541.65 (11 Aug 2026), low ₹332.4 (27 Jan 2026).
- Previous close
- ₹452.3
- Market cap
- ₹250 Cr
- 52-week range
- ₹332.4 – ₹541.65
- One year
- +29.10%
- Price to earnings (TTM to Jun 2026)
- 7.18×
- Return on equity (TTM to Jun 2026)
- 26.29%
Overview
- Symbol
- NSE:SHAWGELTIN
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +56% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 48 | 48 | 50 | 46 | 51 | 57 | 62 | 56 |
| Expenses | 43 | 41 | 42 | 38 | 42 | 46 | 48 | 45 |
| Operating profit | 5 | 7 | 7 | 8 | 9 | 11 | 14 | 12 |
| Operating margin | 10.9% | 13.7% | 15.0% | 16.4% | 18.3% | 18.8% | 22.3% | 20.8% |
| Other income | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 6 | 7 | 8 | 9 | 11 | 13 | 12 |
| Tax rate | 25.5% | 25.1% | 17.1% | 22.0% | 27.2% | 22.1% | 23.4% | 22.8% |
| Net profit | 4 | 4 | 6 | 6 | 7 | 8 | 10 | 9 |
| EPS (₹ per share) | 6.33 | 7.31 | 9.97 | 9.88 | 11.39 | 13.89 | 16.88 | 15.42 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 182 | 189 | 215 |
| Expenses | 161 | 164 | 174 |
| Operating profit | 21 | 25 | 41 |
| Other income | 2 | 2 | 4 |
| Interest | 0 | 1 | 1 |
| Depreciation | 2 | 2 | 3 |
| Profit before tax | 21 | 24 | 41 |
| Net profit | 15 | 18 | 31 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 139 | 88 | 103 | 114 | 120 | 139 |
| Borrowings | 0 | 0 | 0 | 13 | 12 | 8 |
| Other liabilities | 25 | 23 | 25 | 27 | 25 | 26 |
| Total liabilities | 170 | 117 | 134 | 160 | 164 | 179 |
| Fixed assets | 27 | 28 | 27 | 33 | 33 | 41 |
| Capital work in progress | 0 | 0 | 0 | 7 | 8 | 6 |
| Investments | 48 | 4 | 10 | 42 | 43 | 45 |
| Other assets | 94 | 85 | 97 | 78 | 80 | 87 |
| Total assets | 170 | 117 | 134 | 160 | 164 | 179 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | 16 | 25 |
| Cash from investing | -29 | -13 |
| Cash from financing | 5 | -12 |
| Net cash flow | -7 | 0 |
| Free cash flow | 1 | 15 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 48 | 36 | 37 | 44 | 48 | 49 |
| Inventory days | 166 | 185 | 152 | 161 | 155 | 156 |
| Days payable | 62 | 57 | 42 | 50 | 57 | 39 |
| Cash conversion cycle | 152 | 164 | 147 | 155 | 146 | 166 |
| Working capital days | 115 | 119 | 97 | 103 | 88 | 97 |
| Return on capital employed | 5.0% | 10.0% | 16.0% | 20.0% | — | 30.0% |
| Dividend payout | 72.0% | 49.0% | 396.0% | 39.0% | 34.0% | 21.0% |
What the price assumes
AttractiveTo justify its price of ₹482, this stock must grow earnings at -3% every year for 7 years. Our analysis caps realistic growth at ~43%. At that growth it is worth ₹5138 — upside of 966%.
- Growth the price implies
- -3.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 43.3% a year
- net profit, FY24–FY26 · EPS 43.3%
- The gap
- -0.5 pp
- 966% downside if it only repeats history
Ownership
Who owns it
Promoters hold 75.00% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 75.00%
- Domestic institutions 0.01%
- Public 25.01%
Who is on the register
Named in the Sep 2026 filing
Every holder of Narmada Gelatines Ltd. above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 40.06% | unchanged | |
| 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.
Your own record
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