NSE: NARMADA · BSE: 543643 · ISIN INE117Z01029
Narmada Agrobase Limited stock analysis
Narmada Agrobase Limited ranks #3286 in the TickerSutra evidence-ranked universe with a score of 41/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.9%, quarterly sales growth of 100.9% and quarterly profit growth of -26.5%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.17×
- 16.2% three-year sales CAGR
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹34.6cr | ₹2cr | ₹0.6cr | 5.8% |
| 2023 | ₹49.5cr | ₹2cr | ₹0.7cr | 4.1% |
| 2024 | ₹49.7cr | ₹2.5cr | ₹1cr | 5.1% |
| 2025 | ₹64.7cr | ₹5.6cr | ₹4.1cr | 8.6% |
| 2026 | ₹77.6cr | ₹5cr | ₹3.9cr | 6.4% |
| TTM | ₹89.6cr | ₹4.6cr | ₹3.6cr | 5.2% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Currently, the Company markets its products through an extensive network of commission agents, brokers, distributors, and dealers across Gujarat and Rajasthan, with Rajasthan continuing to be its primary revenue -generating market. The Company remains focused on expanding its market reach, enhancing customer relationships, and capitalizing on emerging growth opportunities in both domestic and international markets. T
The cattle feed industry is also witnessing significant innovation through the development of value- added nutritional products such as feed enzymes, acidifiers, probiotics, microbial supplements, and other feed additives. Demand for these specialized products is increasing in line with the growing emphasis on animal health, feed efficiency, and the quality of livestock -derived products. As consumption of dairy and
• Intense competition from organized and regional market participants. • Changes in regulatory requirements impacting manufacturing and distribution operations. • Supply chain disruptions and fluctuations in transportation costs.
of Equity Shares held in the Company 1941030 List of other Companies in which Directorships are held NA List of committees of Board of Directors (across all other Companies) in which Chairmanship / Membership is held NA None of the Directors except he himself and Suresh Chandra Gupta are deemed to be interested in the above Skills Matrix of the Board of Directors: Your Company recognizes the importance of having a Bo
• Regulatory and compliance-related risks. • Market competition and pricing pressures. • Credit and collection risks associated with customer receivables.
Of�icial news releases, if any, are displayed on the Company’s website: www.narmadaagrobase.com 5. Presentations made to institutional investors or to analysts The same is not applicable to the company. Page 56 of 157 significant accounting policies, which are consistently applied, have been set out in the Notes to the Accounts.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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