One of many micro-cap shares engaged within the manufacturing of drip irrigation techniques and numerous plastic merchandise, together with inflexible PVC pipes and hoses. The inventory has hit a 5 % higher circuit after reporting a 2405.26 % QOQ improve in web revenue.
Inventory Value Motion
With a market capitalization of Rs. 39.94 crores, the shares of Narmada Macplast Drip Irrigation Techniques Restricted’s inventory surged by 5 %, reaching an higher circuit of Rs. 110.25 per share on Tuesday, up from its earlier closing worth of Rs. 105 per share.
Q3 FY25 End result Walkthrough
Coming into the quarterly outcomes of Narmada Macplast Drip Irrigation Techniques Restricted, the corporate’s consolidated income from operations elevated by 148.59 % YOY, from Rs. 1.42 crore in Q3 FY24 to Rs. 3.53 crore in Q3 FY25, and grew by 260.20 % QoQ from Rs. 0.98 crore in Q2 FY25.
Additional, the corporate’s EBIDT has transformed from adverse to optimistic, from Rs. -0.08 crore in Q3 FY24 to Rs. 0.20 crore in Q3 FY25.
In Q3 FY25, Narmada Macplast Drip Irrigation Techniques Restricted’s consolidated web revenue has transformed from web loss to web revenue, from Rs. -0.02 crore in Q3 FY24 to Rs. 4.76 crore in Q3 FY25. As in comparison with Q2 FY25, the web revenue has elevated by 2,405.26 %, from Rs. 0.19 crore.
The fundamental earnings per share elevated by 2,426.92 % and stood at Rs 0.52 as in opposition to Rs 13.14 recorded within the earlier quarter FY25.
By way of return ratios, Narmada Macplast Drip Irrigation Techniques Restricted’s share ROE and ROCE are at the moment at 5.71 % and seven.15 %, respectively. Narmada Macplast Drip Irrigation Techniques Restricted has a debt-to-equity ratio of 0.21x, which reveals the corporate is nearly a debt-free firm.
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Shareholding sample
In September 2024, Narmada Macplast Drip Irrigation Techniques Restricted had a majority stake held by the general public at 86.31 %, home institutional buyers at 1.34 %, and the promoter at 12.34 %.
Enterprise Operations
Narmada Macplast focuses on manufacturing inflexible PVC, krishi, and backyard hose pipes. Targeted on assembly agricultural irrigation calls for, the corporate emphasizes analysis and growth to innovate and improve its product choices for sustainable options.
Firm Overview
Narmada Macplast Drip Irrigation Techniques Restricted was integrated in 1992 and relies in Ahmedabad, India. The corporate focuses on manufacturing drip irrigation techniques and associated merchandise. The corporate additionally engages in consultancy for water administration and plastic merchandise.
Written By – Nikhil Naik
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