Narmada Macplast Drip Irrigation Systems Limited

Narmada Macplast Drip Irrigation Systems Limited - agriculture in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
CIN L25209GJ1992PLC017791 Incorporated 09 June 1992 ROC Ahmedabad HQ Gandhinagar, Gujarat, India
Active Listed - BSE: 517431 Public Limited Company agriculture MSME · Small
Data last updated
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%
Authorised capital
₹22 Cr
Registered with MCA

About Narmada Macplast Drip Irrigation Systems Limited

Data last updated:

Narmada Macplast Drip Irrigation Systems Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 09 June 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L25209GJ1992PLC017791. Its GSTIN is 24AAACN3731E1ZZ (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 517431.

The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹7.25 Cr. It is led by directors including Vrajlal Vaghasia (Managing Director) and Jiten Vrajlal Vaghasia (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹13.31 Cr, a growth of 90.7% compared to the previous year. For the same year it recorded a net profit of ₹1.68 Cr (net margin 12.6%) and EBITDA of ₹2.31 Cr (EBITDA margin 17.4%). The net worth stands at ₹9.4 Cr (up 21.8% YoY). Total assets are valued at ₹9.44 Cr (up 22.1% YoY).

The company is associated with 1 brand: Narmada Drip. As per MCA filings, the company has satisfied charges of ₹1.69 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it.

Narmada Macplast Drip Irrigation Systems Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0007839). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narmadadrip.com.

Company details

CIN L25209GJ1992PLC017791
Registration Number 017791
Incorporation Date 09 June 1992
ROC Ahmedabad
Listing Status Listed - Listed on BSE (517431)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0007839

CIN history

Narmada Macplast Drip Irrigation Systems has one previous CIN (Corporate Identification Number): U25209GJ1992PTC017791. The current CIN is L25209GJ1992PLC017791, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L25209GJ1992PLC017791Current
U25209GJ1992PTC017791Previous

Recognitions & Rankings of Narmada Macplast Drip Irrigation Systems

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-09-0007839

Contact details

Narmada Macplast Drip Irrigation Systems Limited's registered office is in Gandhinagar, Gujarat. Its website is narmadadrip.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Plot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721
  • Industry
    Agriculture, Agri Machinery & Equipment

To see the full contact details of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.

Comprehensive company report
Narmada Macplast Drip Irrigation Systems Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Narmada Macplast Drip Irrigation Systems operates one associated brand: Narmada Drip. Each brand links to its own profile.

BrandDescriptionWebsite
Narmada Drip is engaged in providing drip irrigation systems.narmadadrip.com

Business activity

The main business activity of Narmada Macplast Drip Irrigation Systems is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.

Financials of Narmada Macplast Drip Irrigation Systems Limited

FY 2025-26 filings available

Narmada Macplast Drip Irrigation Systems Limited reported revenue of ₹13.31 Cr (up 90.7% YoY) for FY 2025-26.

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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue13.316.981.8110.0212.463.673.97
Revenue growth+90.7%+285.6%-81.9%-19.6%+239.5%-7.6%-
EBITDA2.310.67(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 tax2.276.460.010.020.02(0.01)(0.02)
Net profit1.68(0.88)0.000.020.02(0.01)(0.02)
Net profit margin+12.6%-12.6%0.0%+0.2%+0.2%-0.3%-0.5%
EPS (₹)0.4614.880.000.020.020.000.01
Balance sheet
Total assets9.447.732.952.772.742.662.46
Net worth9.407.722.332.342.312.302.30
Total debt0.040.000.610.430.430.350.15
Cash & bank0.070.40(0.03)0.300.270.230.04
Net working capital4.132.280.860.870.920.850.65
Cash flow
Cash from operations(0.35)(5.41)(0.36)(1.49)(0.02)0.01(0.13)
Cash from investing0.006.47(0.12)(0.94)0.24(0.01)0.09
Cash from financing0.02(0.63)0.152.74(0.18)0.19(0.18)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3.253.693.743.343.133.102.473.53
Revenue growth (YoY)+3.8%+19.0%+51.4%-5.4%+219.4%---
Other income0.000.000.000.000.000.000.115.51
Total expenses2.623.083.132.772.582.562.063.33
EBITDA0.630.610.610.570.550.540.410.20
EBITDA margin+19.4%+16.5%+16.3%+17.1%+17.6%+17.4%+16.6%+5.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.630.610.610.570.550.540.525.71
Tax0.130.160.160.150.140.140.090.95

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3.253.693.743.343.133.102.473.53
Revenue growth (YoY)+3.8%+19.0%+51.4%-5.4%+219.4%---
Other income0.000.000.000.000.000.000.115.51
Total expenses2.623.083.132.772.582.562.063.33
EBITDA0.630.610.610.570.550.540.410.20
EBITDA margin+19.4%+16.5%+16.3%+17.1%+17.6%+17.4%+16.6%+5.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.630.610.610.570.550.540.525.71
Tax0.130.160.160.150.140.140.090.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue13.316.981.8110.0212.463.673.97
Revenue growth+90.7%+285.6%-81.9%-19.6%+239.5%-7.6%-
Other income0.005.820.220.290.060.030.04
Total expenses11.006.311.9710.2512.473.674.00
Employee cost0.040.090.080.080.090.090.08
EBITDA2.310.67(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%
Depreciation0.000.010.020.010.010.020.02
Interest0.040.020.030.030.020.020.01
Profit before tax2.276.460.010.020.02(0.01)(0.02)
Tax0.591.070.010.000.000.000.00
Net profit1.68(0.88)0.000.020.02(0.01)(0.02)
Net profit margin+12.6%-12.6%0.0%+0.2%+0.2%-0.3%-0.5%
EPS (₹)0.4614.880.000.020.020.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.253.623.623.623.623.623.62
Reserves & surplus2.154.10(1.29)(1.28)(1.31)(1.32)(1.32)
Shareholders' funds (net worth)9.407.722.332.342.312.302.30
Secured loans0.000.000.300.430.430.350.00
Unsecured loans0.040.000.310.000.000.000.15
Total debt0.040.000.610.430.430.350.15
Total liabilities9.447.732.952.772.742.662.46
Assets
Gross block2.232.232.742.682.592.592.59
Net block0.010.020.390.350.270.280.30
Capital work in progress0.000.000.070.000.000.000.00
Investments0.010.010.650.610.590.830.81
Inventories0.000.000.000.000.000.000.00
Sundry debtors13.552.901.381.114.073.650.66
Cash & bank balances0.070.40(0.03)0.300.270.230.04
Loans & advances0.120.100.020.070.060.080.09
Total current assets13.743.401.371.484.403.960.79
Total current liabilities9.611.120.510.613.483.110.14
Net working capital4.132.280.860.870.920.850.65
Total assets9.447.732.952.772.742.662.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.40(0.03)0.300.000.230.040.26
Net cash from operating activities(0.35)(5.41)(0.36)(1.49)(0.02)0.01(0.13)
Net cash from investing activities0.006.47(0.12)(0.94)0.24(0.01)0.09
Net cash from financing activities0.02(0.63)0.152.74(0.18)0.19(0.18)
Net change in cash(0.33)0.43(0.33)0.300.040.19(0.22)
Closing cash0.070.40(0.03)0.300.270.230.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.000.060.220.180.170.110.11
Long-term debt / equity0.000.060.220.180.170.110.11
Interest cover1.733.03-16.67-12.50-100.00-100.00-20.00
Efficiency & per share
Fixed asset turnover5.972.810.673.804.811.421.53
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover1.623.261.453.873.231.703.42
EPS (₹)0.4614.880.000.020.020.000.01
Dividend per share (₹)0.100.000.000.000.000.000.00
Book value per share (₹)2.5921.326.446.466.386.376.36

To see the full year-wise statements and ratios of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.

Board of directors of Narmada Macplast Drip Irrigation Systems Limited

Narmada Macplast Drip Irrigation Systems has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Daxaben Jitenkumar VaghasiaDirector30 Sep 201610 Years 0 MonthsCurrent
Kantibhai DevaniDirector15 May 201214 Years 5 MonthsCurrent
Nikunjkumar BhavsarDirector06 Sep 20224 Years 1 MonthsCurrent
Jiten Vrajlal VaghasiaWhole-Time Director24 Sep 199234 Years 1 MonthsCurrent
Bhavinkumar Arvindkumar PatelDirector27 Feb 20260 Years 7 MonthsCurrent
Vineshkumar Laljibhai BabariaDirector16 Aug 201115 Years 2 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Narmada Macplast Drip Irrigation Systems Limited is audited by Dharit Mehta & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Dharit Mehta & Co.FY 2023137728W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 5.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 94.40%.

Promoters: 5.60%Retail & Others: 94.40%
Sep 2026
QUARTER
5.60% Promoters
94.40% Retail & Others
Promoter holding - history
Now 5.60% · Sep 2026High 5.60% · Dec 2025Low 5.60% · Dec 2025
4%4.8%5.5%6.3%7%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 5.60%Mar 2026: 5.60%Jun 2026: 5.60%Sep 2026: 5.60%5.60%5.60%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters5.60%5.60%5.60%5.60%
Public94.40%94.40%94.40%94.40%

Charges & borrowings

Open charges
None
Satisfied charges
₹1.69 Cr
Breakdown by lending institutions
Idbi₹1.00 Cr
The Kalupur Connercial Co-Op Bank Ltd₹0.45 Cr
The Bombay Mercantile Co-Op Bank Ltd₹0.24 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Jul 199790094351The Kalupur Connercial Co-Op Bank Ltd₹25 LakhSatisfied
28 Jul 199790094985The Kalupur Connercial Co-Op Bank Ltd₹20 LakhSatisfied
22 Jan 199790094348The Bombay Mercantile Co-Op Bank Ltd₹12 LakhSatisfied
26 Jul 199690094930The Bombay Mercantile Co-Op Bank Ltd₹12 LakhSatisfied
11 Apr 199490094781Idbi₹1 CrSatisfied

To see the full charge records of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Narmada Macplast Drip Irrigation Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Narmada Macplast Drip Irrigation Systems has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACN3731E1ZZGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.

Recent activity

Narmada Macplast Drip Irrigation Systems Limited has 16 board changes on record since 1992: 8 appointments and 8 cessations. The latest: Bhavinkumar Arvindkumar Patel was appointed as Director on 27 Feb 2026.

Filing
Narmada Macplast Drip Irrigation Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Bhavinkumar Arvindkumar Patel was appointed as Director.
AGM
Narmada Macplast Drip Irrigation Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Juhi Rajendrakumar Chaturvedi ceased to be Company Secretary.
Ceased
Kamlesh Dayalal Patel ceased to be Additional Director.
Ceased
Rohilkumar Manishkumar Sadiwala ceased to be Additional Director.
Appointed
Nikunjkumar Bhavsar was appointed as Director.
Ceased
Dipika Pradeep Soni ceased to be Company Secretary.
Appointed
Girish Laxmanbhai Baldha was appointed as Director.
Ceased
Rajesh Kantilal Parmar ceased to be Company Secretary.
Ceased
Ketan Chhaganbhai Baldha ceased to be Director.
Charges
A charge registered on 22 Jan 1997 via Charge ID 90094348 with The Bombay Mercantile Co-Op Bank Ltd was fully satisfied on 06 Feb 2017.

17 earlier events are in the company report.

Frequently asked questions

Narmada Macplast Drip Irrigation Systems is an active public limited company based in Gandhinagar, Gujarat, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 09 June 1992 (34+ years old) and is registered under CIN L25209GJ1992PLC017791. Listed on BSE: 517431.

Narmada Macplast Drip Irrigation Systems reported revenue of ₹13.31 Cr for FY 2025-26 (up 90.7% YoY) based on standalone financials.

Narmada Macplast Drip Irrigation Systems has 8 current directors:

The latest financial statements of Narmada Macplast Drip Irrigation Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Narmada Macplast Drip Irrigation Systems is 24AAACN3731E1ZZ, registered in Gujarat.

The CIN (Corporate Identification Number) of Narmada Macplast Drip Irrigation Systems is L25209GJ1992PLC017791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Narmada Macplast Drip Irrigation Systems is a listed company as per MCA records. Its shares are listed on BSE (code: 517431).

Narmada Macplast Drip Irrigation Systems has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.

Narmada Macplast Drip Irrigation Systems was incorporated on 09 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Bhavinkumar Arvindkumar Patel was appointed as Director on 27 Feb 2026. Juhi Rajendrakumar Chaturvedi ceased to be Company Secretary on 15 Sep 2024. Kamlesh Dayalal Patel ceased to be Additional Director on 30 May 2024. Narmada Macplast Drip Irrigation Systems has 16 board changes on record in total.