About Narmada Agrobase Limited
Data last updated: 14 July 2026
Narmada Agrobase Limited is a public limited company based in Mahesana, Gujarat, India. It specialises in animal feeds, a part of the broader agriculture sector. Incorporated on 29 January 2013, the company has been in operation for over 13 years.
Registered with ROC Ahmedabad under CIN L15494GJ2013PLC073468. Listed on BSE: 543643 and NSE: NARMADA.
Capital: an authorised share capital of ₹38 Cr and a paid-up capital of ₹37.94 Cr. Formerly known as Narmada Agrobase Private Limited. It is led by directors including Neeraj Sureshchandr Agarwal and Suresh Chand Kalyanmal Gupta.
Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 613/P – 1 Ij Pura (Jethaji) Dhanpura Road Tal. Jotana, Mahesana, Gujarat, India – 384421.
As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹78.39 Cr, a growth of 19.36% compared to the previous year. The net worth stands at ₹59.34 Cr (up 6.21% YoY). Total assets are valued at ₹72.25 Cr (up 8.71% YoY).
The company is associated with 1 brand - Narmada Agrobase. As per MCA filings, the company has open charges of ₹9.91 Cr and satisfied charges of ₹8.35 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narmadaagrobase.com.
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Registered Address613/P – 1 Ij Pura (Jethaji) Dhanpura Road Tal. Jotana, Mahesana, Gujarat, India – 384421
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IndustryAgriculture, Animal Feeds, Seed Production & Distribution
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CIN History of Narmada Agrobase Limited
Narmada Agrobase Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15494GJ2013PLC073468, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15494GJ2013PLC073468 | Current |
| U15494GJ2013PTC073468 | Previous |
| U15494GJ2013PLC073468 | Previous |
Associated Brands with Narmada Agrobase Limited
Narmada Agrobase Limited operates one associated brand: Narmada Agrobase. These brands represent Narmada Agrobase Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Dairy products and cattle feed are manufactured in India. | narmadaagrobase.com |
Business Activity of Narmada Agrobase Limited
Narmada Agrobase Limited is engaged in the principal business activity of manufacturing, with detailed activities including food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details for Narmada Agrobase Limited
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Auditor Details of Narmada Agrobase Limited
Narmada Agrobase Limited is audited by JAIN KEDIA & SHARMA for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN KEDIA & SHARMA | Locked | Locked | Locked |
Complete auditor history for Narmada Agrobase Limited
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Board of Directors of Narmada Agrobase Limited
Narmada Agrobase Limited is currently managed by 6 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Neeraj Sureshchandr Agarwal
Also directs:
Narmada Bio Feed Private Limited
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Managing Director | 29 Jan 2013 | 13 Years 6 Months | Current |
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Suresh Chand Kalyanmal Gupta
Also directs:
Narmada Bio Feed Private Limited
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Whole-Time Director | 29 Jan 2013 | 13 Years 6 Months | Current |
|
Ganesh Bhavarlal Prajapati
Also directs:
V Team Advisors Llp, Samor Reality Limited
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Director | 07 Dec 2017 | 8 Years 8 Months | Current |
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Pooja Aidasani
Also directs:
Norseman Oilfield Technologies (Assam) Private Limited
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Director | 06 Jun 2022 | 4 Years 2 Months | Current |
| Deepak Soni | Director | 06 Aug 2025 | 1 Years 0 Months | Current |
| Shweta Vivek Nathwani | Director | 06 Aug 2025 | 1 Years 0 Months | Current |
Financials of Narmada Agrobase Limited FY 2026 filings available
Narmada Agrobase Limited reported revenue of ₹78.39 Cr (up 19.36% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Revenue from Operations | ₹78.39 Cr | ₹65.68 Cr | ₹50.32 Cr | ₹50.03 Cr |
| Other Income | ₹1.27 Cr | ₹66.25 Lakh | ₹7.15 Lakh | ₹5.03 Lakh |
| Total Income | ₹79.67 Cr | ₹66.34 Cr | ₹50.39 Cr | ₹50.08 Cr |
| Cost of Materials Consumed | ₹68.97 Cr | ₹54.37 Cr | ₹43.53 Cr | ₹43.29 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹70.15 Lakh | ₹1.01 Cr | -₹42.38 Lakh | ₹1.41 Lakh |
| Employee Benefit Expense | ₹1.59 Cr | ₹1.43 Cr | ₹1.42 Cr | ₹1.74 Cr |
| Finance Costs | ₹81.86 Lakh | ₹83.81 Lakh | ₹95.98 Lakh | ₹86.24 Lakh |
| Depreciation & Amortisation | ₹22.48 Lakh | ₹24.34 Lakh | ₹27.62 Lakh | ₹31.61 Lakh |
| Other Expenses | ₹3.56 Cr | ₹3.28 Cr | ₹3.27 Cr | ₹2.96 Cr |
| Total Expenses | ₹74.46 Cr | ₹61.18 Cr | ₹49.04 Cr | ₹49.19 Cr |
| Profit Before Exceptional Items & Tax | ₹5.21 Cr | ₹5.16 Cr | ₹1.35 Cr | ₹89.01 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹5.21 Cr | ₹5.16 Cr | ₹1.35 Cr | ₹89.01 Lakh |
| Total Tax Expense | ₹1.35 Cr | ₹1.07 Cr | ₹33.37 Lakh | ₹23.79 Lakh |
| Net Profit | ₹3.86 Cr | ₹4.09 Cr | ₹1.02 Cr | ₹65.22 Lakh |
| Other Comprehensive Income | -₹38.64 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹3.47 Cr | ₹4.09 Cr | ₹1.02 Cr | ₹65.22 Lakh |
| EBITDA (computed) | ₹6.25 Cr | ₹6.24 Cr | ₹2.59 Cr | ₹2.07 Cr |
| Basic EPS | ₹1.02 | ₹1.56 | ₹0.75 | ₹0.48 |
| Diluted EPS | ₹1.02 | ₹1.56 | ₹0.75 | ₹0.48 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹72.25 Cr | ₹66.46 Cr | ₹27.96 Cr | ₹27.32 Cr |
| Non-current Assets | ₹11.71 Cr | ₹7.72 Cr | ₹3.42 Cr | ₹4.05 Cr |
| Current Assets | ₹60.54 Cr | ₹58.75 Cr | ₹24.54 Cr | ₹23.27 Cr |
| Property, Plant & Equipment | ₹2.91 Cr | ₹2.97 Cr | ₹3.18 Cr | ₹3.44 Cr |
| Inventories | ₹14.1 Cr | ₹23.44 Cr | ₹10 Cr | ₹9.01 Cr |
| Trade Receivables | ₹35.37 Cr | ₹19.06 Cr | ₹13.32 Cr | ₹13.22 Cr |
| Cash & Equivalents | ₹17.8 Lakh | ₹38.6 Lakh | ₹77.02 Lakh | ₹55.05 Lakh |
| Equity (Net Worth) | ₹59.34 Cr | ₹55.87 Cr | ₹16.9 Cr | ₹15.88 Cr |
| Equity Share Capital | ₹37.94 Cr | ₹37.94 Cr | ₹13.55 Cr | ₹13.55 Cr |
| Borrowings (Non-current) | ₹1.02 Cr | ₹1.14 Cr | ₹8.91 Lakh | ₹53.37 Lakh |
| Borrowings (Current) | ₹9.08 Cr | ₹8.33 Cr | ₹9.59 Cr | ₹9.54 Cr |
| Total Debt (computed) | ₹10.1 Cr | ₹9.47 Cr | ₹9.68 Cr | ₹10.07 Cr |
| Current Liabilities | ₹11.9 Cr | ₹9.46 Cr | ₹10.96 Cr | ₹10.88 Cr |
| Total Liabilities | ₹12.92 Cr | ₹10.6 Cr | ₹11.06 Cr | ₹11.44 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Operating Cash Flow | -₹1.3 Cr | -₹15.93 Cr | ₹1.22 Cr | ₹5.28 Lakh |
| Investing Cash Flow | -₹2.95 Cr | -₹3.58 Cr | ₹34.97 Lakh | ₹36.7 Lakh |
| Financing Cash Flow | -₹18.48 Lakh | ₹33.83 Cr | -₹1.35 Cr | -₹52.09 Lakh |
| Capital Expenditure | ₹14.83 Lakh | ₹5.43 Lakh | ₹1.4 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹1.45 Cr | -₹15.98 Cr | ₹1.21 Cr | ₹5.28 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹4.43 Cr | ₹14.32 Cr | ₹21.98 Lakh | -₹10.11 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹34 Cr | ₹21.35 Cr | ₹11.95 Cr | ₹11.08 Cr | ₹29.3 Cr | ₹13.84 Cr | ₹10.28 Cr | ₹12.26 Cr | ₹18.75 Cr | ₹12.22 Cr | ₹11.41 Cr | ₹7.95 Cr |
| Other Income | ₹32.47 Lakh | ₹28.96 Lakh | ₹32.82 Lakh | ₹33.15 Lakh | ₹31.91 Lakh | ₹32.22 Lakh | ₹1.11 Lakh | ₹1 Lakh | ₹29,000 | ₹2.21 Lakh | ₹3.49 Lakh | ₹1.16 Lakh |
| Total Income | ₹34.33 Cr | ₹21.64 Cr | ₹12.28 Cr | ₹11.41 Cr | ₹29.61 Cr | ₹14.16 Cr | ₹10.29 Cr | ₹12.27 Cr | ₹18.75 Cr | ₹12.24 Cr | ₹11.44 Cr | ₹7.96 Cr |
| Cost of Materials Consumed | ₹31.75 Cr | ₹17.38 Cr | ₹10.18 Cr | ₹9.67 Cr | ₹26.46 Cr | ₹11.68 Cr | ₹7.12 Cr | ₹9.12 Cr | ₹17.01 Cr | ₹10.38 Cr | ₹9.84 Cr | ₹6.3 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹30.86 Lakh | ₹1.12 Cr | -₹57.82 Lakh | -₹93.78 Lakh | ₹77.03 Lakh | -₹27.33 Lakh | ₹9.48 Lakh | ₹42.2 Lakh | -₹68.98 Lakh | -₹1.4 Lakh | ₹20.64 Lakh | ₹7.37 Lakh |
| Employee Benefit Expense | ₹48.06 Lakh | ₹46.27 Lakh | ₹31.6 Lakh | ₹32.69 Lakh | ₹40.86 Lakh | ₹34.97 Lakh | ₹33.52 Lakh | ₹33.53 Lakh | ₹40.75 Lakh | ₹35.57 Lakh | ₹29.47 Lakh | ₹36.2 Lakh |
| Finance Costs | ₹18.41 Lakh | ₹20.11 Lakh | ₹19.72 Lakh | ₹23.62 Lakh | ₹15.64 Lakh | ₹20.69 Lakh | ₹23.86 Lakh | ₹23.61 Lakh | ₹25.87 Lakh | ₹23.41 Lakh | ₹23.46 Lakh | ₹23.25 Lakh |
| Depreciation & Amortisation | ₹5.85 Lakh | ₹5.85 Lakh | ₹5.48 Lakh | ₹5.3 Lakh | ₹6.1 Lakh | ₹6.1 Lakh | ₹6.1 Lakh | ₹6.05 Lakh | ₹6.95 Lakh | ₹6.93 Lakh | ₹6.89 Lakh | ₹6.85 Lakh |
| Other Expenses | ₹1.11 Cr | ₹1.01 Cr | ₹74.01 Lakh | ₹70.24 Lakh | ₹1.07 Cr | ₹74.39 Lakh | ₹66.55 Lakh | ₹80.22 Lakh | ₹86.64 Lakh | ₹1.05 Cr | ₹59.87 Lakh | ₹75.82 Lakh |
| Total Expenses | ₹33.27 Cr | ₹20.23 Cr | ₹10.91 Cr | ₹10.05 Cr | ₹28.93 Cr | ₹12.77 Cr | ₹8.51 Cr | ₹10.98 Cr | ₹17.93 Cr | ₹12.07 Cr | ₹11.24 Cr | ₹7.8 Cr |
| Profit Before Exceptional Items & Tax | ₹1.06 Cr | ₹1.42 Cr | ₹1.37 Cr | ₹1.36 Cr | ₹68.98 Lakh | ₹1.39 Cr | ₹1.78 Cr | ₹1.29 Cr | ₹82.41 Lakh | ₹16.72 Lakh | ₹20.07 Lakh | ₹16.11 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1.06 Cr | ₹1.42 Cr | ₹1.37 Cr | ₹1.36 Cr | ₹68.98 Lakh | ₹1.39 Cr | ₹1.78 Cr | ₹1.29 Cr | ₹82.41 Lakh | ₹16.72 Lakh | ₹20.07 Lakh | ₹16.11 Lakh |
| Total Tax Expense | ₹25.87 Lakh | ₹40.19 Lakh | ₹34.52 Lakh | ₹34.28 Lakh | -₹8.82 Lakh | ₹39.27 Lakh | ₹48.6 Lakh | ₹27.83 Lakh | ₹21.4 Lakh | ₹3.89 Lakh | ₹3.05 Lakh | ₹5.04 Lakh |
| Net Profit | ₹79.83 Lakh | ₹1.01 Cr | ₹1.03 Cr | ₹1.02 Cr | ₹77.8 Lakh | ₹1 Cr | ₹1.29 Cr | ₹1.02 Cr | ₹61.01 Lakh | ₹12.84 Lakh | ₹17.02 Lakh | ₹11.07 Lakh |
| Other Comprehensive Income | -₹38.64 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹41.19 Lakh | ₹1.01 Cr | ₹1.03 Cr | ₹1.02 Cr | ₹77.8 Lakh | ₹1 Cr | ₹1.29 Cr | ₹1.02 Cr | ₹61.01 Lakh | ₹12.84 Lakh | ₹17.02 Lakh | ₹11.07 Lakh |
| EBITDA (computed) | ₹1.3 Cr | ₹1.68 Cr | ₹1.62 Cr | ₹1.65 Cr | ₹90.72 Lakh | ₹1.66 Cr | ₹2.08 Cr | ₹1.59 Cr | ₹1.15 Cr | ₹47.06 Lakh | ₹50.42 Lakh | ₹46.21 Lakh |
| Basic EPS | ₹0.21 | ₹0.27 | ₹0.27 | ₹0.27 | ₹0.30 | ₹0.38 | ₹0.96 | ₹0.75 | ₹0.45 | ₹0.09 | ₹0.13 | ₹0.08 |
| Diluted EPS | ₹0.21 | ₹0.27 | ₹0.27 | ₹0.27 | ₹0.30 | ₹0.38 | ₹0.96 | ₹0.75 | ₹0.45 | ₹0.09 | ₹0.13 | ₹0.08 |
Shareholding Pattern of Narmada Agrobase Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 50.30%, foreign institutional investors hold 0.54%, domestic institutional investors hold 8.96%, retail and other public shareholders hold 40.20% of Narmada Agrobase Limited. The company had 10,136 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 50.30% | 50.30% | 50.30% | 50.30% | 49.11% | 49.11% |
| Public | 49.70% | 49.70% | 49.70% | 49.70% | 50.89% | 50.89% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 50.30% | 49.11% | 63.57% | 66.47% | 67.69% | 68.91% | 68.91% | 68.91% |
| Public | 49.70% | 50.89% | 36.43% | 33.54% | 32.32% | 31.09% | 31.09% | 31.09% |
| Promoter change (YoY, %pts) | +1.19 | -14.46 | -2.90 | -1.22 | -1.22 | +0.00 | +0.00 | - |
Board & Governance of Narmada Agrobase Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Narmada Agrobase Limited has 6 directors - 4 independent and 2 executive. The board is chaired by Neerajkumar Sureshchandra Agrawal.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Neerajkumar Sureshchandra Agrawal | Executive Director · Chairperson | 2013-01-29 | 1 |
| Suresh Chandra Gupta | Executive Director | 2013-01-29 | 1 |
| Ganesh Bhavarlal Prajapati | Non-Executive - Independent Director | 2017-12-07 | 2 |
| Pooja Aidasani | Non-Executive - Independent Director | 2022-06-06 | 1 |
| Deepak Soni | Non-Executive - Independent Director | 2025-08-06 | 1 |
| Shweta Vivek Nathwani | Non-Executive - Independent Director | 2025-08-06 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Deepak Soni (Chairperson), Ganesh Bhavarlal Prajapati, Neerajkumar Sureshchandra Agrawal |
| Nomination and remuneration committee | Shweta Vivek Nathwani (Chairperson), Ganesh Bhavarlal Prajapati, Deepak Soni |
| Stakeholders Relationship Committee | Ganesh Bhavarlal Prajapati (Chairperson), Deepak Soni, Neerajkumar Sureshchandra Agrawal |
| Right Issue Committee | Deepak Soni (Chairperson), Pooja Aidasani, Neerajkumar Sureshchandra Agrawal |
Charges & Borrowings of Narmada Agrobase Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Dec 2018 | State Bank of India | ₹9.91 Cr | Open |
| 27 Apr 2018 | Others | ₹1 Cr | Satisfied |
| 24 Jan 2014 | Dena Bank | ₹7.35 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Narmada Agrobase Limited
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Employee and EPFO history for Narmada Agrobase Limited
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GST Compliance of Narmada Agrobase Limited
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Credit Ratings, Litigation & Regulatory Alerts for Narmada Agrobase Limited
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MSME Payment Delays by Narmada Agrobase Limited
MSME payment history for Narmada Agrobase Limited
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Subsidiaries & Group Companies of Narmada Agrobase Limited
Corporate group structure for Narmada Agrobase Limited
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MCA Filings & Documents of Narmada Agrobase Limited
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Recent Activity on Narmada Agrobase Limited
Recent News on Narmada Agrobase Limited
Frequently Asked Questions about Narmada Agrobase Limited
Narmada Agrobase Limited is an active public limited company in the agriculture sector based in Mahesana, Gujarat, India. It was incorporated on 29 January 2013 (13+ years old) and is registered under CIN L15494GJ2013PLC073468. Listed on BSE: 543643 and NSE: NARMADA.
Narmada Agrobase Limited reported revenue of ₹78.39 Cr for FY 2026 (up 19.36% YoY) based on standalone NSE filings.
The current directors of Narmada Agrobase Limited are:
- Neeraj Sureshchandr Agarwal - Managing Director
- Suresh Chand Kalyanmal Gupta - Whole-Time Director
- Ganesh Bhavarlal Prajapati - Director
- Pooja Aidasani - Director
- Deepak Soni - Director
- Shweta Vivek Nathwani - Director
The primary industry of Narmada Agrobase Limited is agriculture. The company specifically operates in animal feeds. The company is currently active in this sector.
Yes. Narmada Agrobase Limited is listed on both BSE (code: 543643) and NSE (symbol: NARMADA).
Narmada Agrobase Limited can be reached at the registered office: 613P – 1 Ij Pura Jethaji Dhanpura Road Tal. Jotana, Mahesana, Gujarat, India – 384421, or through the website narmadaagrobase.com.