- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-09-0007839

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 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.
| CIN | Status |
|---|---|
| L25209GJ1992PLC017791 | Current |
| U25209GJ1992PTC017791 | Previous |
Recognitions & Rankings of Narmada Macplast Drip Irrigation Systems
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
- Website
- Registered AddressPlot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.
- 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
Brands
Narmada Macplast Drip Irrigation Systems operates one associated brand: Narmada Drip. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 availableNarmada Macplast Drip Irrigation Systems Limited reported revenue of ₹13.31 Cr (up 90.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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
| 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 |
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daxaben Jitenkumar Vaghasia | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Kantibhai Devani | Director | 15 May 2012 | 14 Years 5 Months | Current |
| Nikunjkumar Bhavsar | Director | 06 Sep 2022 | 4 Years 1 Months | Current |
| Jiten Vrajlal Vaghasia Also directs: Macwell Polymer LLP | Whole-Time Director | 24 Sep 1992 | 34 Years 1 Months | Current |
| Bhavinkumar Arvindkumar Patel | Director | 27 Feb 2026 | 0 Years 7 Months | Current |
| Vineshkumar Laljibhai Babaria | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Narmada Macplast Drip Irrigation Systems Limited is audited by Dharit Mehta & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharit Mehta & Co. | FY 2023 | 137728W |
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%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 5.60% | 5.60% | 5.60% | 5.60% |
| Public | 94.40% | 94.40% | 94.40% | 94.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 1997 | 90094351 | The Kalupur Connercial Co-Op Bank Ltd | ₹25 Lakh | Satisfied | |
| 28 Jul 1997 | 90094985 | The Kalupur Connercial Co-Op Bank Ltd | ₹20 Lakh | Satisfied | |
| 22 Jan 1997 | 90094348 | The Bombay Mercantile Co-Op Bank Ltd | ₹12 Lakh | Satisfied | |
| 26 Jul 1996 | 90094930 | The Bombay Mercantile Co-Op Bank Ltd | ₹12 Lakh | Satisfied | |
| 11 Apr 1994 | 90094781 | Idbi | ₹1 Cr | Satisfied |
To see the full charge records of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Narmada Macplast Drip Irrigation Systems Limited has 6 court cases on record: 4 filed by Narmada Macplast Drip Irrigation Systems, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Dubond Products India Pvt.Ltd. and 2 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Surya Exim Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Small Industries Corpnltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Gujarat Lease Financing Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
To see the full case history of Narmada Macplast Drip Irrigation Systems Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN3731E1ZZ | Gujarat | Active | 01 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.
17 earlier events are in the company report.
News
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:
- Vrajlal Vaghasia - Managing Director
- Jiten Vrajlal Vaghasia - Whole-Time Director
- Daxaben Jitenkumar Vaghasia - Director
- Kantibhai Devani - Director
- Nikunjkumar Bhavsar - Director
- Bhavinkumar Arvindkumar Patel - Director
- Vineshkumar Laljibhai Babaria - Director
- Girish Laxmanbhai Baldha - Director
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.