Narmada Macplast Drip Irrigation Sy

BSE: NARMP · Plastic Products - Industrial

52W Range₹15 ₹246

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Snapshot

Unlock Narmada Macplast Drip Irrigation Sy's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Narmada Macplast Drip Irrigation Systems Limited manufactures and distributes plastic products, including drip irrigation equipment, sprinkler systems, and high-density polyethylene pipes. The company provides water management solutions tailored for agricultural and industrial applications.

Business Model

The company generates revenue by supplying irrigation infrastructure to farmers and participating in government-sponsored agricultural schemes. It leverages its manufacturing capabilities in western India to produce specialized plastic components for water management.

Growth Outlook

Growth is driven by the increasing demand for micro-irrigation systems to enhance crop yields and optimize water usage in the Indian agricultural sector. The company aims to leverage its position in the plastic processing industry to navigate competitive market conditions.

Key Risks

  • Regulatory Dependency. The company's revenue is significantly tied to government-sponsored agricultural schemes, making it vulnerable to changes in policy or funding.
  • Raw Material Price Volatility. As a plastic product manufacturer, the company is exposed to fluctuations in the prices of polymer resins and other petrochemical-based raw materials.
  • Competitive Intensity. The Indian agricultural infrastructure sector is highly fragmented and competitive, which may exert pressure on profit margins.
  • Market Concentration. The company's reliance on the western region of India for operations and distribution may limit its ability to capture growth in other geographical markets.

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Key Metrics

REVENUE

₹10 Cr

TTM · standalone

+366.7%YoY

NET PROFIT

₹6 Cr

TTM · standalone

+19366.7%YoY

EPS

₹15.98

TTM · standalone

+16080.0%YoY

RETURN ON EQUITY

157.1%

TTM · standalone

+158.4 ppYoY

P/E

1.3x

Q1 FY26 · standalone

1.3 vs 106.1x5Y avg

EV/EBITDA

8.2x

Q1 FY26 · standalone

8.2 vs 572.2x5Y avg

EBITDA MARGIN

69.5%

TTM · standalone

+69.0 ppYoY

NET PROFIT MARGIN

12.0%

Q4 FY26 · standalone

-5.4 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Narmada Macplast Drip Irrigation SyNARMP
₹88 Cr1.5112.45366.7%69.5%157.1%1.8%-88.0%
Dhabriya Polywood LimitedDHABRIYA
₹598 Cr19.8311.9114.4%21.2%28.1%34.1%+43.8%
Shish IndustriesSHISHIND
₹438 Cr54.6826.8215.6%13.3%6.3%8.8%+37.8%
Captain PolyplasCPL
₹384 Cr13.6810.2045.5%11.1%16.3%24.0%-5.7%
Candour TechtexCANDOUR
₹157 Cr42.5915.74-69.1%18.9%4.5%6.7%-11.9%
Jain Irrigation Systems LimitedJISLDVREQS
₹41 Cr15.164.819.9%12.7%0.1%6.8%-32.0%

As of Q1 FY26

Financials