Narmada Macplast Drip Irrigation Systems Ltd

Narmada Macplast's historical performance shows significant fluctuations, with net sales peaking at 12.40 Cr in March 2022 and declining to 6.98 Cr by March 2025, while profitability improved markedly in March 2025 with a profit before tax of 6.47 Cr and an EPS of 14.89. However, cash flow from operating activities remained negative at -5.00 Cr, indicating ongoing challenges despite a recovery in financial metrics.

As of 04-Nov, Narmada Macplast Drip Irrigation Systems Ltd's stock price is declining at 24.20, down 2.5%, with a significant 14.18% drop over the last four days. Despite impressive long-term gains, the stock is currently underperforming, indicating a potential correction after extreme growth.

As of 31-Oct, Narmada Macplast Drip Irrigation Systems Ltd's stock price has declined to Rs 26.05, down 3.7%, and has underperformed its sector recently. Despite this short-term volatility, the stock has shown significant long-term gains, with a year-to-date increase of 2416.42%.

As of 28-Oct, Narmada Macplast Drip Irrigation Systems Ltd is currently priced at Rs 26.90, having reversed a five-day decline despite a recent 9.73% drop over the week. The stock has shown impressive long-term gains but faces concerns over reduced investor participation.

As of 27-Oct, Narmada Macplast Drip Irrigation Systems Ltd's stock price has declined to Rs 25.65, down 4.82%, with a significant 22.15% drop over the past five days. Despite impressive long-term gains, the stock is facing reduced investor interest and significant selling pressure, contrasting sharply with the broader market's positive performance.

As of 23-Oct, Narmada Macplast Drip Irrigation Systems Ltd's stock price has declined to Rs 28.35, down 4.87%, following three consecutive days of losses totaling 13.96%. Despite strong long-term returns, a significant drop in delivery volume suggests reduced investor participation, contributing to the current downward trend.

As of 17-Oct, Narmada Macplast Drip Irrigation Systems Ltd has seen a significant price increase to Rs. 32.95, up 109.74%, and has gained 1525.15% over the last 10 days, outperforming its sector by 110.08%. The stock's remarkable performance is attracting strong investor interest, despite no specific factors identified influencing this movement.

As of 15-Oct, Narmada Macplast Drip Irrigation Systems Ltd is experiencing a price increase to Rs. 149.65, with a notable rise of 7.1 (4.98%) and a 52-week high. The stock has gained 637.97% over the last eight days, significantly outperforming the Sensex and indicating strong investor interest and upward momentum.

As of 10-Oct, Narmada Macplast Drip Irrigation Systems Ltd's stock price has surged to Rs. 129.35, marking a 425.07% increase, with a remarkable 537.87% gain over the last five days and a year-to-date return of 1149.52%. The stock's performance significantly outpaces the benchmark Sensex, indicating strong investor interest despite trading below its moving averages.

Narmada Macplast experienced significant fluctuations in financial performance, with net sales rising to 6.98 crore in March 2025 from 1.81 crore in March 2024, despite a decline from 10.02 crore in March 2023. The company reported a substantial increase in profitability, with profit after tax reaching 5.39 crore in March 2025, up from 0.00 crore the previous year.

Narmada Macplast Drip Irrigation Systems Ltd specializes in drip irrigation systems and operates in the industrial plastic products sector. As of March 2025, it reported net sales of 25 Cr and a net profit of 4 Cr, with a market cap of INR 68 Cr.

The top shareholders of Narmada Macplast include Vrajlal Jadavji Vaghasia with 5.58% and Nirav C Parikh (HUF) with 4.46%. Individual investors hold a combined 72.03%, with no mutual funds or foreign institutional investors involved, and no pledged promoter holdings.

As of March 2022, the management team of Narmada Macplast includes Vrajlal Vaghasia (Managing Director), Jitenkumar Vaghasia (Whole-time Director), and several independent and additional directors, along with a Company Secretary. They oversee the company's strategic direction and governance.

As of June 2, 2025, Narmada Macplast shows a bullish trend supported by positive MACD and moving averages, despite some bearish signals from the RSI and a mildly bearish KST on the weekly chart.

Narmada Macplast's historical performance has been volatile, with net sales declining from Rs 12.40 crore in March 2022 to Rs 6.98 crore in March 2025, while profitability improved significantly, with profit after tax rising to Rs 5.39 crore in March 2025 from negligible profits in previous years. Despite recent recovery in profitability, total liabilities increased slightly from Rs 3.38 crore in March 2023 to Rs 3.45 crore in March 2024.

As of Jun 06, Narmada Macplast Drip Irrigation Systems Ltd has a market capitalization of 71.74 Cr, with net sales of 6.98 Cr and net profit of 5.38 Cr over the latest four quarters. The standalone balance sheet shows shareholder's funds of 2.33 Cr and total assets of 3.45 Cr.

Narmada Macplast's peers include Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Natl. Plastic, Sri KPR Inds., Aik Pipes & Poly, and Duropack. Shaily Engineer. has the highest 1-year return at 199.86%, while Narmada Macplast leads with 691.11%, significantly outperforming its peers.

Narmada Macplast Drip Irrigation Systems Ltd has declared a 1% dividend, amounting to 0.1 per share, with an ex-date of May 16, 2025. Despite a low dividend yield, the company has shown significant price returns over various periods, particularly in the long term.

Narmada Macplast Drip Irrigation Systems Ltd has declared a 1% dividend, amounting to 0.1 per share, with an ex-date of May 16, 2025. Despite a low dividend yield, the company has shown significant price returns over various periods, particularly in the long term.