Narmada Agrobase Limited (IN:NARMADA)
:NARMADA
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Narmada Agrobase Limited
(NARMADA)
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Rating:70Outperform
Price Target:
₹39.00
▲(57.26% Upside)
Action:UpgradedDate: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
Revenue Growth
Sustained ~30% top-line growth reflects durable demand for the company's agricultural inputs and expanding market penetration. A larger revenue base supports longer-term investment in distribution, product development and scale efficiencies, strengthening competitive position over months.
Negative Factors
Negative Operating Cash Flow
Despite revenue and margin gains, negative operating cash flow and falling free cash flow signal that profits are not converting to cash. This creates persistent liquidity risk, may force external financing, and can constrain sustainable investment or dividend capacity over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~30% top-line growth reflects durable demand for the company's agricultural inputs and expanding market penetration. A larger revenue base supports longer-term investment in distribution, product development and scale efficiencies, strengthening competitive position over months.
Read all positive factors
Narmada Agrobase Limited (NARMADA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.31B
Dividend YieldN/A
Average Volume (3M)254.47K
Price to Earnings (P/E)20.1
Beta (1Y)0.38
Revenue Growth33.66%
EPS Growth-54.93%
CountryIN
Employees10
SectorServices
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)0.27
Shares Outstanding37,936,398
10 Day Avg. Volume250,700
30 Day Avg. Volume254,467
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.13
Price to Sales (P/S)0.96
P/FCF Ratio-3.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
null...
Narmada Agrobase Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| 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
Positive
24.80
Price Trends
32.51
Positive
28.29
Positive
25.26
Positive
Market Momentum
0.87
Negative
61.52
Neutral
57.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NARMADA, the sentiment is Positive. The current price of 24.8 is below the 20-day moving average (MA) of 33.00, below the 50-day MA of 32.51, and below the 200-day MA of 25.26, indicating a bullish trend. The MACD of 0.87 indicates Negative momentum. The RSI at 61.52 is Neutral, neither overbought nor oversold. The STOCH value of 57.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NARMADA.
Narmada Agrobase Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹1.31B | 20.06 | ― | ― | 33.66% | -54.93% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
49 Neutral | ₹662.61M | -64.63 | ― | ― | 54.33% | 22.41% | |
43 Neutral | ₹81.07M | 1.54 | ― | ― | -63.41% | ― | |
42 Neutral | ₹115.12M | ― | ― | ― | ― | ― | |
41 Neutral | ₹202.40M | -0.68 | ― | ― | ― | 0.04% |
* Services Sector Average
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Narmada Agrobase Limited Corporate Events
Narmada Agrobase Replaces Internal Auditor After Resignation
Mar 28, 2026
Narmada Agrobase Limited has announced a change in its internal audit function, with M/s Rajesh Bhati Associates resigning as internal auditor effective at the close of business on 28 March 2026, citing pre-occupation and personal commitments. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.