Narmada Macplast Drip Irrigation Systems Ltd Stock Price Today (NSE: NARMP)
Narmada Macplast Drip Irrigation Systems Ltd
Fundamental Score
Narmada Macplast Drip Irrigation Systems Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Narmada Macplast Drip Irrigation Systems Ltd share price today is ₹20.79, up +2.57% on NSE/BSE as of 23 June 2026. Narmada Macplast Drip Irrigation Systems Ltd (NARMP) is a Small-cap company in the Plastic Products - Industrial sector with a market capitalisation of ₹83.47 (Cr). The 52-week high for NARMP share price is ₹225.30 and the 52-week low is ₹14.56. At a P/E ratio of 13.91x, NARMP is currently trading below its industry average P/E of 23.37x. The company has a Return on Equity (ROE) of 17.91% and a debt-to-equity ratio of 0.00.
Narmada Macplast Drip Irrigation Systems Ltd Share Price Chart — NSE/BSE Historical Performance
Narmada Macplast Drip Irrigation Systems Ltd share price chart: -9.82% return over the past month. 52-week high ₹225.30, 52-week low ₹14.56.
Narmada Macplast Drip Irrigation Systems Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹20.00 | ₹21.20 | ₹20.00 | ₹20.79 | 52.04K (Cr) | |
| ₹20.15 | ₹20.76 | ₹20.02 | ₹20.27 | 80.96K (Cr) | |
| ₹20.50 | ₹21.42 | ₹20.40 | ₹20.76 | 45.37K (Cr) | |
| ₹21.30 | ₹21.30 | ₹20.50 | ₹20.56 | 77.77K (Cr) | |
| ₹21.40 | ₹21.40 | ₹20.70 | ₹20.78 | 81.81K (Cr) | |
| ₹21.90 | ₹21.90 | ₹20.40 | ₹20.90 | 51.13K (Cr) | |
| ₹21.50 | ₹21.70 | ₹20.71 | ₹21.19 | 95.56K (Cr) | |
| ₹22.31 | ₹22.31 | ₹20.50 | ₹20.70 | 1.04L (Cr) | |
| ₹21.90 | ₹21.90 | ₹20.70 | ₹21.25 | 94.08K (Cr) | |
| ₹21.84 | ₹21.84 | ₹21.00 | ₹21.10 | 74.25K (Cr) |
Narmada Macplast Drip Irrigation Systems Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹20.15 | ₹21.20 | ₹20.00 | ₹20.79 | +3.18% | |
| ₹22.75 | ₹24.20 | ₹20.40 | ₹20.76 | -8.75% | |
| ₹16.29 | ₹24.80 | ₹15.45 | ₹22.41 | +37.57% | |
| ₹21.00 | ₹23.50 | ₹14.56 | ₹15.54 | -26.00% | |
| ₹26.00 | ₹26.90 | ₹22.25 | ₹23.16 | -10.92% | |
| ₹28.45 | ₹29.04 | ₹21.37 | ₹25.15 | -11.60% | |
| ₹24.02 | ₹28.50 | ₹22.95 | ₹28.32 | +17.90% | |
| ₹26.50 | ₹27.88 | ₹21.84 | ₹23.55 | -11.13% | |
| ₹206.50 | ₹223.50 | ₹24.40 | ₹26.05 | -87.38% | |
| ₹206.00 | ₹210.00 | ₹198.00 | ₹205.80 | -0.10% | |
| ₹216.00 | ₹225.30 | ₹180.00 | ₹201.70 | -6.62% | |
| ₹189.75 | ₹216.00 | ₹179.85 | ₹215.95 | +13.81% |
AI Research Briefing
Powered by Gemini · 2026-04-08
Microcap agri-play; ride the govt capex wave, but watch the exits.
WHAT'S HAPPENING NOW
Narmada Macplast shareholders approved a capital hike and acquisition. Specifically, shareholders approved a Cr capital boost and agro-commodity trade. Sachin Modi increased his stake in Narmada Macplast to 5.05% through an open market deal, but then cut his stake to 3.62%.
CORE STORY
Agri-input play on micro-irrigation, riding the government capex wave in agriculture. Not a tech disruptor, but a beneficiary of rural spending.
- Shareholders OK'd capital hike
- Strong YoY sales and profit growth
- Sachin Modi stake increase
- Large order wins
- Increased promoter holding
- Faster than expected rural infra spend
- Microcap liquidity risk
- Low promoter holding
- Negative free cash flow
DII increased stake to 1.34%. Promoter action mixed, recent stake decrease.
Tailwind: Government focus on agriculture and rural development.
No: Negative ₹1.71 Cr FCF over 5 years
Expect continued growth driven by government spending on irrigation. Monitor promoter actions and liquidity closely.
Primary Thesis Risk
Government policy shift or reduced rural spending kills the thesis.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Narmada Macplast Drip Irrigation Systems Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Narmada Macplast Drip Irrigation Systems Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of NARMP across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Return on Equity (17.91%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (20.83%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Attractive Valuation (P/E: 13.91 vs Industry: 23.37)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (115.79%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (219.39%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Excellent EPS Growth (66.66% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
4 factors identified
Margin Pressure Concerns (0.77%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Negative Free Cash Flow (₹-1.71 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Low Promoter Commitment (5.58%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
Limited Institutional Interest (FII+DII: 1.34%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
Narmada Macplast Drip Irrigation Systems Ltd vs Plastic Products - Industrial Peers
Peer Comparison - Plastic Products - Industrial
Compare Narmada Macplast Drip Irrigation Systems Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
47.4/100 | ₹20.79₹21 | ₹83.47₹83.47 | 13.91Average 13.9 Average | 17.91%Good 17.91% Good | 20.83%Excellent 20.83% Excellent | 0.00Excellent 0.0 Excellent | — — | 11.95%Good 11.95% Good | 0.04% | |
Supreme Industries LtdSupreme Industr... SUPREMEIND • 509930 | 53.6/100 | ₹3634.40₹3634 | ₹42365.85₹42365.85 | 49.96Average 50.0 Average | 17.14%Good 17.14% Good | 22.04%Excellent 22.04% Excellent | 0.06Excellent 0.1 Excellent | 14.56%Good 14.56% Good | 13.64%Good 13.64% Good | 1.02% |
Astral LimitedAstral Limited... ASTRAL • 532830 | 61.1/100 | ₹1598.60₹1599 | ₹38732.66₹38732.66 | 76.05Average 76.0 Average | 14.89%Average 14.89% Average | 19.71%Good 19.71% Good | 0.07Excellent 0.1 Excellent | 15.44%Excellent 15.44% Excellent | 17.74%Excellent 17.74% Excellent | 0.26% |
Shaily Engineering Plastics LtdShaily Engineer... SHAILY • 501423 | 43.6/100 | ₹2661.20₹2661 | ₹12031.71₹12031.71 | 82.32Average 82.3 Average | 18.49%Good 18.49% Good | 19.52%Good 19.52% Good | 0.30Excellent 0.3 Excellent | — — | — — | 0.08% |
Finolex Industries LtdFinolex Industr... FINPIPE • 500940 | 46.3/100 | ₹191.93₹192 | ₹10944.52₹10944.52 | 25.02Average 25.0 Average | 6.76%Poor 6.76% Poor | 8.77%Poor 8.77% Poor | 0.00Excellent 0.0 Excellent | 4.12%Average 4.12% Average | 6.77%Good 6.77% Good | 1.13% |
Time Technoplast LtdTime Technoplas... TIMETECHNO • 532856 | 52.7/100 | ₹179.81₹180 | ₹9836.32₹9836.32 | 23.37Average 23.4 Average | 14.22%Average 14.22% Average | 17.35%Good 17.35% Good | 0.22Excellent 0.2 Excellent | 18.02%Excellent 18.02% Excellent | 8.81%Good 8.81% Good | 0.63% |
Garware Hi Tech Films LtdGarware Hi Tech... GRWRHITECH • 500655 | 58.1/100 | ₹5746.20₹5746 | ₹8989.88₹8989.88 | 28.73Average 28.7 Average | 15.00%Good 15.00% Good | 20.57%Excellent 20.57% Excellent | 0.01Excellent 0.0 Excellent | 31.28%Excellent 31.28% Excellent | 17.93%Excellent 17.93% Excellent | 0.31% |
Kingfa Science & Technology Co, LtdKingfa Science ... KINGFA • 524019 | 60.3/100 | ₹5540.50₹5541 | ₹5906.41₹5906.41 | 37.51Average 37.5 Average | 23.21%Excellent 23.21% Excellent | 30.55%Excellent 30.55% Excellent | 0.01Excellent 0.0 Excellent | 44.08%Excellent 44.08% Excellent | 18.66%Excellent 18.66% Excellent | 0.00% |
Prince Pipes & Fittings LtdPrince Pipes & ... PRINCEPIPE • 542907 | 17.1/100 | ₹266.35₹266 | ₹3009.44₹3009.44 | 129.66Average 129.7 Average | 2.73%Poor 2.73% Poor | 3.85%Poor 3.85% Poor | 0.15Excellent 0.1 Excellent | -17.77%Poor -17.77% Poor | 9.06%Good 9.06% Good | 0.18% |
Jai Corp LtdJai Corp Ltd... JAICORPLTD • 512237 | 53.4/100 | ₹118.64₹119 | ₹2510.08₹2510.08 | 15.02Average 15.0 Average | 4.10%Poor 4.10% Poor | 4.18%Poor 4.18% Poor | 0.00Excellent 0.0 Excellent | 15.29%Excellent 15.29% Excellent | -0.35%Poor -0.35% Poor | 0.35% |
R M DRIP & SPRINK SYS LTDR M DRIP & SPRI... RMDRIP • 544456 | 60.6/100 | ₹18.41₹18 | ₹1978.13₹1978.13 | 62.94Average 62.9 Average | 39.70%Excellent 39.70% Excellent | 44.66%Excellent 44.66% Excellent | 0.41Excellent 0.4 Excellent | 53.59%Excellent 53.59% Excellent | 41.18%Excellent 41.18% Excellent | 0.06% |
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Narmada Macplast Drip Irrigation Systems Ltd Quarterly Performance
Latest quarterly metrics for NARMP — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
219.39%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
115.79%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
11.95%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
N/A
Compounded annual net profit growth over 5 years
Narmada Macplast Drip Irrigation Systems Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for NARMP — calculated from daily price history
Selling pressure is heavy — potential reversal zone.
Technical indicators are for educational purposes only. Not investment advice.
Narmada Macplast Drip Irrigation Systems Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Narmada Macplast Drip Irrigation Systems Ltd (NARMP) — sourced from NSE/BSE filings.
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About NARMP (Narmada Macplast Drip Irrigation Systems Ltd)
Narmada Macplast Drip Irrigation Systems Ltd is a pioneering force in the realm of precision irrigation, crafting innovative solutions that empower farmers to maximize yields while... conserving precious resources. At the heart of their operations lies a commitment to manufacturing high-quality drip irrigation systems from durable, long-lasting plastic materials. The company's extensive product range includes a variety of drip tapes, pipes, and fittings, all meticulously designed to deliver water and nutrients directly to the root zone of plants, minimizing water wastage and promoting healthy crop growth. Through rigorous quality control measures and adherence to industry best practices, Narmada Macplast ensures that its systems are reliable, efficient, and capable of withstanding the harsh conditions of diverse agricultural environments. Driven by a vision of sustainable agriculture, Narmada Macplast goes beyond merely supplying irrigation equipment. The company provides comprehensive support services, encompassing system design, installation, and maintenance. Their team of experienced agronomists and engineers work closely with farmers to understand their specific needs and tailor irrigation solutions that optimize water usage, reduce fertilizer consumption, and ultimately enhance farm profitability. Narmada Macplast also actively promotes awareness about the benefits of drip irrigation through training programs and educational initiatives, empowering farmers with the knowledge and skills necessary to adopt sustainable farming practices. With a firm foothold in the Indian market, Narmada Macplast is continuously expanding its reach and exploring opportunities to serve farmers across the globe. Their dedication to innovation and customer satisfaction has earned them a reputation as a trusted partner in the agricultural sector. By embracing cutting-edge technology and fostering a culture of continuous improvement, Narmada Macplast strives to remain at the forefront of the drip irrigation industry, contributing to a more water-efficient and food-secure future for all.
Company Details
Key Leadership
Corporate Events
NARMP Share Price: Frequently Asked Questions
What is the current share price of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd (NARMP) trades at ₹20.79 on NSE and BSE. Market cap ₹83.47 (Cr). Educational data only.
What is the P/E ratio of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd has a P/E of 13.91x vs industry average 23.37x.
What is the Bull Run score for Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd has a Bull Run score of 47.4/100 based on 25+ financial parameters.
Does Narmada Macplast Drip Irrigation Systems Ltd pay dividends?
Narmada Macplast Drip Irrigation Systems Ltd has a dividend yield of 0.04%. Past dividends don't guarantee future payments.
What is the ROE of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd has ROE of 17.91%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Narmada Macplast Drip Irrigation Systems Ltd?
Narmada Macplast Drip Irrigation Systems Ltd has debt-to-equity of 0.00.
Is Narmada Macplast Drip Irrigation Systems Ltd a good investment?
Bull Run gives Narmada Macplast Drip Irrigation Systems Ltd a score of 47.4/100. This is not investment advice — consult a SEBI-registered advisor.