Narmada Agrobase Limited (NARMADA) AI Stock Analysis

• Market Cap: ₹1.19B
• Dividend Yield: N/A
• Average Volume (3M): 254.47K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.31
• Revenue Growth: 23.65%
• EPS Growth: -41.93%
• Country: IN
• Employees: 10
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural Inputs
• EPS (TTM): 0.27
• Shares Outstanding: 37,936,398
• 10 Day Avg. Volume: 250,700
• 30 Day Avg. Volume: 254,467
• PEG Ratio: 0.09
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.96
• P/FCF Ratio: -3.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹34.00 ▲(37.10% Upside)
• Action: Upgraded Date: 02/04/26
• Date: Action: Upgraded 02/04/26

The score is driven primarily by strong growth and improving margins, supported by an uptrending technical setup. It is held back by negative operating cash flow (a key risk to sustaining growth) and a relatively high P/E without a stated dividend yield.

Positive Factors

Sustained Revenue Growth

A ~30% top-line increase year-over-year indicates expanding product uptake or market share in agricultural inputs. Sustained revenue growth supports reinvestment, scale advantages, and resilience to sector cycles, underpinning medium-term earnings potential and strategic flexibility.

Negative Factors

Negative Operating Cash Flow

Negative operating cash flow despite revenue growth signals weak cash conversion and potential working capital stress. If persistent, it can force external financing, constrain capital allocation, and undermine sustainable investment in inventory, distribution, or growth initiatives.

Narmada Agrobase Limited Business Overview & Revenue Model

Company Description

Narmada Agrobase Limited manufactures and sells cotton seeds and cattle feeds in India. The company offers cotton seed meal cakes, cotton seed meal grinders, cotton seed hulls, delinted cotton seeds, guar meals, soya bean meals, and organic fertil...

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Narmada Agrobase Limited manufactures and sells cotton seeds and cattle feeds in India. The company offers cotton seed meal cakes, cotton seed meal grinders, cotton seed hulls, delinted cotton seeds, guar meals, soya bean meals, and organic fertil...

How the Company Makes Money

Narmada Agrobase Limited generates revenue primarily through the sale of its agricultural products, including high-quality seeds, fertilizers, and pesticides. The company operates on a business-to-business (B2B) model, supplying its products to wh...

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Narmada Agrobase Limited generates revenue primarily through the sale of its agricultural products, including high-quality seeds, fertilizers, and pesticides. The company operates on a business-to-business (B2B) model, supplying its products to wh...

Narmada Agrobase Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	644.97M	656.77M	503.21M	500.26M	349.74M	582.57M
Gross Profit	94.49M	86.16M	54.03M	66.45M	54.12M	38.59M
EBITDA	62.98M	62.38M	25.61M	20.69M	19.93M	22.81M
Net Income	40.91M	40.88M	10.19M	6.52M	6.08M	6.83M
Balance Sheet
Total Assets	0.00	664.64M	279.65M	273.20M	268.46M	269.21M
Cash, Cash Equivalents and Short-Term Investments	148.01M	148.01M	7.70M	5.50M	6.52M	4.53M
Total Debt	0.00	94.66M	96.79M	100.69M	97.29M	86.93M
Total Liabilities	-558.66M	105.98M	110.63M	114.38M	113.56M	119.82M
Stockholders Equity	558.66M	558.66M	169.01M	158.82M	152.30M	149.39M
Cash Flow
Free Cash Flow	0.00	-161.57M	12.21M	502.84K	-851.73K	10.06M
Operating Cash Flow	0.00	-161.02M	12.35M	528.00K	-826.57K	10.42M
Investing Cash Flow	0.00	-42.42M	3.50M	3.67M	579.17K	394.37K
Financing Cash Flow	0.00	346.64M	-13.51M	-5.21M	2.23M	-11.48M

Narmada Agrobase Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 24.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NARMADA, the sentiment is Neutral. The current price of 24.8 is below the 20-day moving average (MA) of 31.98, below the 50-day MA of 31.20, and above the 200-day MA of 24.26, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 48.47 is Neutral, neither overbought nor oversold. The STOCH value of 36.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NARMADA.

Narmada Agrobase Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NARMADA	70 Outperform	₹1.19B	20.06	―	―	23.65%	-41.93%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
AGRITECH	43 Neutral	₹595.19M	-38.27	―	―	―	―
VIKASWSP	43 Neutral	₹175.82M	-0.68	―	―	―	―
SHANTI	42 Neutral	₹57.53M	1.54	―	―	220.47%	-47.38%
EDUCOMP	42 Neutral	₹122.47M	―	―	―	―	―

Narmada Agrobase Limited Corporate Events