Narmada Drip - 2026 Company Profile, Team & Financials

About Narmada Drip

Narmada Drip is a publicly listed company based in India. Narmada Drip is engaged in providing drip irrigation systems. It operates on a Direct-to-Consumer (D2C) model. Its Indian entity Narmada Macplast Drip Irrigation Systems Limited reported revenue of ₹13.31 Cr. Narmada Drip offers products and services including Drip Irrigation Systems. Its focus areas include Irrigation and Drip Irrigation.

Company details

Narmada Drip, operated by NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD., is focused on the development and distribution of drip irrigation systems. These solutions are tailored for the agricultural sector to enhance water efficiency and crop yield. The company serves farmers and agricultural businesses with innovative irrigation technologies.

Headquarters India
Stage Public
Sectors
Agriculture
Website narmadadrip.com
Legal Name Narmada Macplast Drip Irrigation Systems Ltd

Operational Areas

Agriculture → Crop Tech & Equipment

Key Metrics

Market Cap
₹80.83 Cr
NARMP · BSE
Share Price
₹22.00
-1.39% today
Revenue
₹13.31 Cr
FY 2025-26 · +90.7% YoY
EBITDA
₹2.31 Cr
Margin 17.4%
Net Profit
₹1.68 Cr
FY 2025-26 · +290.9% YoY
P/E (TTM)
46.3x
P/B 8.1x
ROE
19.5%
ROCE 26.8%

Associated legal entities of Narmada Drip

Narmada Drip operates through Narmada Macplast Drip Irrigation Systems Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Narmada Macplast Drip Irrigation Systems Limited Listed CIN L25209GJ1992PLC017791	Active	09 Jun 1992	Gandhinagar, Gujarat	₹13.3 Cr		10	View details

Products & Services of Narmada Drip

Narmada Drip offers a comprehensive portfolio of products and services, including Drip Irrigation Systems.

Drip Irrigation Systems

Irrigation

Drip irrigation systems are provided for agricultural use.

Board of directors of Narmada Macplast Drip Irrigation Systems Limited (Narmada Drip)

Narmada Macplast Drip Irrigation Systems Limited is the primary company behind Narmada Drip. The board of Narmada Macplast Drip Irrigation Systems Limited currently have 8 directors; the longest-serving is Vrajlal Vaghasia, appointed in 1992. 10 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Vrajlal Vaghasia DIN 02442762	Managing Director	09 Jun 1992	34 yrs 4 mo	Narmada Macplast Drip Irrigation Systems Limited
Jiten Vrajlal Vaghasia DIN 02433557	Whole-time director	24 Sep 1992	34 yrs	Narmada Macplast Drip Irrigation Systems Limited
Vineshkumar Laljibhai Babaria DIN 02587890	Director	16 Aug 2011	15 yrs 2 mo	Narmada Macplast Drip Irrigation Systems Limited
Kantibhai Devani DIN 05302724	Director	15 May 2012	14 yrs 5 mo	Narmada Macplast Drip Irrigation Systems Limited
Daxaben Jitenkumar Vaghasia DIN 07614046	Director	30 Sep 2016	10 yrs	Narmada Macplast Drip Irrigation Systems Limited
Girish Laxmanbhai Baldha DIN 07906288	Director	12 Aug 2017	9 yrs 2 mo	Narmada Macplast Drip Irrigation Systems Limited
Nikunjkumar Bhavsar DIN 09726220	Director	06 Sep 2022	4 yrs 1 mo	Narmada Macplast Drip Irrigation Systems Limited
Bhavinkumar Arvindkumar Patel DIN 06604431	Director	27 Feb 2026	7 mo	Narmada Macplast Drip Irrigation Systems Limited

IPO & Listings of Narmada Drip

Narmada Drip is a publicly listed company on the BSE with ticker symbol NARMP in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date20 Jun 1994
Listed onBSE: 517431
Listed entityNarmada Macplast Drip Irrigation Systems Ltd
Exchange sectorProducer manufacturing
ISININE060D01028
Share price₹22.75 (-0.04% on the day) · 2026-10-14
Volume (last session)1,015

Financials of Narmada Drip

Exchange-reported figures of Narmada Macplast Drip Irrigation Systems Limited, the listed company behind Narmada Drip (BSE: NARMP).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹13.31 Cr

+90.7% YoY

EBITDA

₹2.31 Cr

+244.8% YoY

Profit After Tax

₹1.68 Cr

+290.9% YoY

Net Worth

₹9.40 Cr

+21.8% YoY

Total Assets

₹9.44 Cr

+22.1% YoY

Total Debt

₹0.04 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	13.31	6.98	1.81	10.02	12.46	3.67	3.97
Revenue growth	+90.7%	+285.6%	-81.9%	-19.6%	+239.5%	-7.6%	-
EBITDA	2.31	0.67	(0.16)	(0.23)	(0.01)	0.00	(0.03)
EBITDA margin	+17.4%	+9.6%	-8.8%	-2.3%	-0.1%	0.0%	-0.8%
Profit before tax	2.27	6.46	0.01	0.02	0.02	(0.01)	(0.02)
Net profit	1.68	(0.88)	0.00	0.02	0.02	(0.01)	(0.02)
Net profit margin	+12.6%	-12.6%	0.0%	+0.2%	+0.2%	-0.3%	-0.5%
EPS (₹)	0.46	14.88	0.00	0.02	0.02	0.00	0.01
Balance sheet
Total assets	9.44	7.73	2.95	2.77	2.74	2.66	2.46
Net worth	9.40	7.72	2.33	2.34	2.31	2.30	2.30
Total debt	0.04	0.00	0.61	0.43	0.43	0.35	0.15
Cash & bank	0.07	0.40	(0.03)	0.30	0.27	0.23	0.04
Net working capital	4.13	2.28	0.86	0.87	0.92	0.85	0.65
Cash flow
Cash from operations	(0.35)	(5.41)	(0.36)	(1.49)	(0.02)	0.01	(0.13)
Cash from investing	0.00	6.47	(0.12)	(0.94)	0.24	(0.01)	0.09
Cash from financing	0.02	(0.63)	0.15	2.74	(0.18)	0.19	(0.18)

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	3.25	3.69	3.74	3.34	3.13	3.10	2.47	3.53
Revenue growth (YoY)	+3.8%	+19.0%	+51.4%	-5.4%	+219.4%	-	-	-
Other income	0.00	0.00	0.00	0.00	0.00	0.00	0.11	5.51
Total expenses	2.62	3.08	3.13	2.77	2.58	2.56	2.06	3.33
EBITDA	0.63	0.61	0.61	0.57	0.55	0.54	0.41	0.20
EBITDA margin	+19.4%	+16.5%	+16.3%	+17.1%	+17.6%	+17.4%	+16.6%	+5.7%
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.63	0.61	0.61	0.57	0.55	0.54	0.52	5.71
Tax	0.13	0.16	0.16	0.15	0.14	0.14	0.09	0.95

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026

Particulars	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Revenue	3.25	3.69	3.74	3.34	3.13	3.10	2.47	3.53
Revenue growth (YoY)	+3.8%	+19.0%	+51.4%	-5.4%	+219.4%	-	-	-
Other income	0.00	0.00	0.00	0.00	0.00	0.00	0.11	5.51
Total expenses	2.62	3.08	3.13	2.77	2.58	2.56	2.06	3.33
EBITDA	0.63	0.61	0.61	0.57	0.55	0.54	0.41	0.20
EBITDA margin	+19.4%	+16.5%	+16.3%	+17.1%	+17.6%	+17.4%	+16.6%	+5.7%
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.63	0.61	0.61	0.57	0.55	0.54	0.52	5.71
Tax	0.13	0.16	0.16	0.15	0.14	0.14	0.09	0.95

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	13.31	6.98	1.81	10.02	12.46	3.67	3.97
Revenue growth	+90.7%	+285.6%	-81.9%	-19.6%	+239.5%	-7.6%	-
Other income	0.00	5.82	0.22	0.29	0.06	0.03	0.04
Total expenses	11.00	6.31	1.97	10.25	12.47	3.67	4.00
Employee cost	0.04	0.09	0.08	0.08	0.09	0.09	0.08
EBITDA	2.31	0.67	(0.16)	(0.23)	(0.01)	0.00	(0.03)
EBITDA margin	+17.4%	+9.6%	-8.8%	-2.3%	-0.1%	0.0%	-0.8%
Depreciation	0.00	0.01	0.02	0.01	0.01	0.02	0.02
Interest	0.04	0.02	0.03	0.03	0.02	0.02	0.01
Profit before tax	2.27	6.46	0.01	0.02	0.02	(0.01)	(0.02)
Tax	0.59	1.07	0.01	0.00	0.00	0.00	0.00
Net profit	1.68	(0.88)	0.00	0.02	0.02	(0.01)	(0.02)
Net profit margin	+12.6%	-12.6%	0.0%	+0.2%	+0.2%	-0.3%	-0.5%
EPS (₹)	0.46	14.88	0.00	0.02	0.02	0.00	0.01

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	7.25	3.62	3.62	3.62	3.62	3.62	3.62
Reserves & surplus	2.15	4.10	(1.29)	(1.28)	(1.31)	(1.32)	(1.32)
Shareholders' funds (net worth)	9.40	7.72	2.33	2.34	2.31	2.30	2.30
Secured loans	0.00	0.00	0.30	0.43	0.43	0.35	0.00
Unsecured loans	0.04	0.00	0.31	0.00	0.00	0.00	0.15
Total debt	0.04	0.00	0.61	0.43	0.43	0.35	0.15
Total liabilities	9.44	7.73	2.95	2.77	2.74	2.66	2.46
Assets
Gross block	2.23	2.23	2.74	2.68	2.59	2.59	2.59
Net block	0.01	0.02	0.39	0.35	0.27	0.28	0.30
Capital work in progress	0.00	0.00	0.07	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.65	0.61	0.59	0.83	0.81
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sundry debtors	13.55	2.90	1.38	1.11	4.07	3.65	0.66
Cash & bank balances	0.07	0.40	(0.03)	0.30	0.27	0.23	0.04
Loans & advances	0.12	0.10	0.02	0.07	0.06	0.08	0.09
Total current assets	13.74	3.40	1.37	1.48	4.40	3.96	0.79
Total current liabilities	9.61	1.12	0.51	0.61	3.48	3.11	0.14
Net working capital	4.13	2.28	0.86	0.87	0.92	0.85	0.65
Total assets	9.44	7.73	2.95	2.77	2.74	2.66	2.46

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.40	(0.03)	0.30	0.00	0.23	0.04	0.26
Net cash from operating activities	(0.35)	(5.41)	(0.36)	(1.49)	(0.02)	0.01	(0.13)
Net cash from investing activities	0.00	6.47	(0.12)	(0.94)	0.24	(0.01)	0.09
Net cash from financing activities	0.02	(0.63)	0.15	2.74	(0.18)	0.19	(0.18)
Net change in cash	(0.33)	0.43	(0.33)	0.30	0.04	0.19	(0.22)
Closing cash	0.07	0.40	(0.03)	0.30	0.27	0.23	0.04

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+90.7%	+285.6%	-81.9%	-19.6%	+239.5%	-7.6%	-
EBITDA growth	+244.8%	+518.8%	+30.4%	-2200.0%	-	+100.0%	-
PBT growth	-64.9%	-	-50.0%	0.0%	+9998.0%	+50.0%	-
Net income growth	+290.9%	-	-100.0%	0.0%	+300.0%	+50.0%	-
Revenue CAGR (3Y)	+9.9%	-17.6%	-21.0%	+36.2%	+11.7%	+101.3%	-12.6%
EBITDA CAGR (3Y)	-	-	-	+97.2%	-	-100.0%	-
Profitability & leverage
Net income margin	+12.6%	+77.2%	0.0%	+0.2%	+0.2%	-0.3%	-0.5%
Return on capital employed	+26.8%	+20.6%	+1.1%	+1.0%	+0.9%	+0.8%	+0.3%
Return on net worth	+19.5%	-17.5%	0.0%	+0.3%	+0.3%	0.0%	0.0%
Debt / equity	0.00	0.06	0.22	0.18	0.17	0.11	0.11
Long-term debt / equity	0.00	0.06	0.22	0.18	0.17	0.11	0.11
Interest cover	1.73	3.03	-16.67	-12.50	-100.00	-100.00	-20.00
Efficiency & per share
Fixed asset turnover	5.97	2.81	0.67	3.80	4.81	1.42	1.53
Inventory turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debtors turnover	1.62	3.26	1.45	3.87	3.23	1.70	3.42
EPS (₹)	0.46	14.88	0.00	0.02	0.02	0.00	0.01
Dividend per share (₹)	0.10	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	2.59	21.32	6.44	6.46	6.38	6.37	6.36

Top companies in Crop Tech & Equipment

3 companies that operate in the same segment as Narmada Drip (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Ecozen Solutions	Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture	2010	Pune, Maharashtra, India	USD 76.38 M	USD 56.11 M	702
Jain Irrigation Systems	Manufacturer and distributor of irrigation equipment	1963	Jalgaon, Maharashtra, India		USD 679.04 M	12,280
AgroStar	AgroStar is engaged in providing agricultural products and solutions.	2013	Pune, Maharashtra, India	USD 208.82 M	USD 31.86 M	1,249

Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.

Included in your Premium account

✓
Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
✓
Full access to every database India & global coverage, advanced filters and rich profile details
✓
Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Narmada Drip

Narmada Macplast Drip Irrigation Systems standalone net profit rises 12.50% in the June 2026 quarter | Capital Market News - Business Standard

Business Standard • 2 months ago

Narmada Macplast Drip Irrigation Systems To Consider Issue Of Equity Shares Of Company On Rights Basis

Reuters • 8 months ago

Narmada Macplast Drip Irrigation Systems Ltd To Buy 51% Stake In GSK Industries

Reuters • 9 months ago

Narmada Macplast Reports Robust Q4 And FY25 Financial Results, Board To Consider Interim Dividend

Business Standard • 1 year ago

Narmada Macplas Standalone December 2024 Net Sales at Rs 3.53 crore, up 149.2% Y-o-Y

Moneycontrol • 1 year ago

Premium access

Complete news archive for Narmada Drip

Full article history, source details, and older brand coverage require an active premium plan.

Full article archive
Source and publication date
Older coverage
Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Narmada Drip

Where is Narmada Drip located?

Narmada Drip is headquartered in India.

What is the annual revenue of Narmada Drip?

The primary company behind Narmada Drip, Narmada Macplast Drip Irrigation Systems Limited, reported revenue of ₹13.31 Cr for FY 2026, up 91% year on year.

What does Narmada Drip do?

Narmada Drip, operated by NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD., is focused on the development and distribution of drip irrigation systems. These solutions are tailored for the agricultural sector to enhance water efficiency and crop yield. The company serves farmers and agricultural businesses with innovative irrigation technologies.

What products or services does Narmada Drip offer?

Narmada Drip offers Drip Irrigation Systems.

Is Narmada Drip publicly traded?

Yes, Narmada Drip is publicly traded on BSE under the ticker symbol NARMP.

Which legal entities are associated with Narmada Drip?

Narmada Drip operates through Narmada Macplast Drip Irrigation Systems Limited.

Who are the directors of Narmada Drip?

The legal entities of Narmada Drip currently have 10 directors, including Daxaben Jitenkumar Vaghasia, Kantibhai Devani, Abhishek Ashokbhai Patel and others.