About Narmada Macplast Drip Irrigation Systems Limited
Data last updated: 13 July 2026
Narmada Macplast Drip Irrigation Systems Limited is a public limited company based in Gandhinagar, Gujarat, India. It specialises in agri machinery and equipment, a part of the broader agriculture sector. Incorporated on 09 June 1992, the company has been in operation for over 34 years.
Registered with ROC Ahmedabad under CIN U25209GJ1992PTC017791. Listed on BSE: 517431.
Capital: an authorised share capital of ₹22 Cr and a paid-up capital of ₹7.25 Cr. It is led by directors including Jiten Vrajlal Vaghasia and Kantibhai Devani.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹13.31 Cr, a growth of 90.54% compared to the previous year. The net worth stands at ₹9.4 Cr (up 21.68% YoY). Total assets are valued at ₹19.05 Cr (up 115.45% 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.
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.
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Registered AddressPlot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721
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IndustryAgriculture, Agri Machinery & Equipment
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CIN History of Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited 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 |
Associated Brands with Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited operates one associated brand: Narmada Drip. These brands represent Narmada Macplast Drip Irrigation Systems Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Narmada Drip is engaged in providing drip irrigation systems. | narmadadrip.com |
Business Activity of Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Narmada Macplast Drip Irrigation Systems Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited is audited by Rajendra J Shah & Co (ICAI peer reviewed, certificate valid till 2029-03-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Rajendra J Shah & Co (ICAI peer reviewed, certificate valid till 2029-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited is currently managed by 7 directors, with 9 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 |
|---|---|---|---|---|
|
Jiten Vrajlal Vaghasia
Also directs:
Macwell Polymer Llp
|
Whole-Time Director | 24 Sep 1992 | 33 Years 11 Months | Current |
| Kantibhai Devani | Director | 15 May 2012 | 14 Years 3 Months | Current |
| Vrajlal Vaghasia | Managing Director | 09 Jun 1992 | 34 Years 2 Months | Current |
| Vineshkumar Laljibhai Babaria | Director | 16 Aug 2011 | 15 Years 0 Months | Current |
| Nikunjkumar Babubhai Bhavsar | Director | 06 Sep 2022 | 3 Years 11 Months | Current |
| Daxaben Jitenkumar Vaghasia | Director | 30 Sep 2016 | 9 Years 10 Months | Current |
Financials of Narmada Macplast Drip Irrigation Systems Limited FY 2026 filings available
Narmada Macplast Drip Irrigation Systems Limited reported revenue of ₹13.31 Cr (up 90.54% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹13.31 Cr | ₹6.98 Cr | ₹1.81 Cr | ₹10.02 Cr | ₹12.4 Cr | ₹3.67 Cr | ₹3.92 Cr | ₹8.94 Cr |
| Other Income | ₹0 | ₹5.82 Cr | ₹22.23 Lakh | ₹28.79 Lakh | ₹11.74 Lakh | ₹3.28 Lakh | ₹9.69 Lakh | ₹4.38 Lakh |
| Total Income | ₹13.31 Cr | ₹12.81 Cr | ₹2.04 Cr | ₹10.31 Cr | ₹12.52 Cr | ₹3.7 Cr | ₹4.02 Cr | ₹8.99 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹10.63 Cr | ₹5.94 Cr | ₹1.71 Cr | ₹10.01 Cr | ₹12.26 Cr | ₹3.44 Cr | ₹3.47 Cr | ₹8.52 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹2.91 Lakh |
| Employee Benefit Expense | ₹4.33 Lakh | ₹15.21 Lakh | ₹14.36 Lakh | ₹13.99 Lakh | ₹8.8 Lakh | ₹8.93 Lakh | ₹7.84 Lakh | ₹16.65 Lakh |
| Finance Costs | ₹0 | ₹1.61 Lakh | ₹2.75 Lakh | ₹2.55 Lakh | ₹2.16 Lakh | ₹1.58 Lakh | ₹73,000 | ₹11,000 |
| Depreciation & Amortisation | ₹32,000 | ₹1.06 Lakh | ₹1.77 Lakh | ₹1.26 Lakh | ₹1.33 Lakh | ₹1.51 Lakh | ₹1.72 Lakh | ₹1.9 Lakh |
| Other Expenses | ₹37.01 Lakh | ₹21.86 Lakh | ₹12.42 Lakh | ₹11.29 Lakh | ₹12.33 Lakh | ₹14.38 Lakh | ₹44.26 Lakh | ₹16.37 Lakh |
| Total Expenses | ₹11.04 Cr | ₹6.34 Cr | ₹2.02 Cr | ₹10.3 Cr | ₹12.51 Cr | ₹3.7 Cr | ₹4.01 Cr | ₹8.9 Cr |
| Profit Before Exceptional Items & Tax | ₹2.26 Cr | ₹6.47 Cr | ₹1.19 Lakh | ₹1.17 Lakh | ₹63,000 | ₹38,000 | ₹30,000 | ₹8.99 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.26 Cr | ₹6.47 Cr | ₹1.19 Lakh | ₹1.17 Lakh | ₹63,000 | ₹38,000 | ₹30,000 | ₹8.99 Lakh |
| Total Tax Expense | ₹58.85 Lakh | ₹1.07 Cr | ₹1.01 Lakh | ₹29,000 | ₹0 | ₹31,000 | ₹8,000 | ₹2.08 Lakh |
| Net Profit | ₹1.67 Cr | ₹5.39 Cr | ₹18,000 | ₹88,000 | ₹63,000 | ₹7,000 | ₹22,000 | ₹6.91 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹1.67 Cr | ₹5.39 Cr | ₹18,000 | ₹88,000 | ₹63,000 | ₹7,000 | ₹22,000 | ₹6.91 Lakh |
| EBITDA (computed) | ₹2.27 Cr | ₹6.49 Cr | ₹5.71 Lakh | ₹4.98 Lakh | ₹4.12 Lakh | ₹3.47 Lakh | ₹2.75 Lakh | ₹11 Lakh |
| Basic EPS | ₹1.24 | ₹14.88 | ₹0.00 | ₹0.02 | ₹0.02 | ₹0.00 | ₹0.01 | ₹0.19 |
| Diluted EPS | ₹1.24 | ₹14.88 | ₹0.00 | ₹0.02 | ₹0.02 | ₹0.00 | ₹0.01 | ₹0.19 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹19.05 Cr | ₹8.84 Cr | ₹3.45 Cr | ₹3.38 Cr | ₹6.2 Cr | ₹5.57 Cr | ₹2.6 Cr | ₹3.93 Cr |
| Non-current Assets | ₹5.31 Cr | ₹1.78 Lakh | ₹2.08 Cr | ₹1.91 Cr | ₹1.81 Cr | ₹1.81 Cr | ₹1.12 Cr | ₹1.22 Cr |
| Current Assets | ₹13.74 Cr | ₹8.83 Cr | ₹1.37 Cr | ₹1.47 Cr | ₹4.39 Cr | ₹3.76 Cr | ₹1.48 Cr | ₹2.71 Cr |
| Property, Plant & Equipment | ₹1.61 Lakh | ₹1.7 Lakh | ₹38.66 Lakh | ₹34.95 Lakh | ₹27.18 Lakh | ₹28.51 Lakh | ₹30.02 Lakh | ₹31.39 Lakh |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹13.55 Cr | ₹2.9 Cr | ₹1.38 Cr | ₹1.11 Cr | ₹4.07 Cr | ₹3.65 Cr | ₹66.48 Lakh | ₹1.66 Cr |
| Cash & Equivalents | ₹6.71 Lakh | ₹40.08 Lakh | -₹3.09 Lakh | ₹29.82 Lakh | ₹27.32 Lakh | ₹2.69 Lakh | ₹4.16 Lakh | ₹28,000 |
| Equity (Net Worth) | ₹9.4 Cr | ₹7.73 Cr | ₹2.33 Cr | ₹2.34 Cr | ₹2.31 Cr | ₹2.31 Cr | ₹2.31 Cr | ₹2.3 Cr |
| Equity Share Capital | ₹7.25 Cr | ₹3.62 Cr | ₹3.62 Cr | ₹3.62 Cr | ₹3.62 Cr | ₹3.62 Cr | ₹3.62 Cr | ₹3.62 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹61.07 Lakh | ₹43.1 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹4.35 Lakh | ₹0 | ₹0 | ₹0 | ₹42.8 Lakh | ₹14.9 Lakh | ₹0 | ₹0 |
| Total Debt (computed) | ₹4.35 Lakh | ₹0 | ₹61.07 Lakh | ₹43.1 Lakh | ₹42.8 Lakh | ₹14.9 Lakh | ₹0 | ₹0 |
| Current Liabilities | ₹9.65 Cr | ₹1.09 Cr | ₹50.36 Lakh | ₹61.2 Lakh | ₹3.89 Cr | ₹3.26 Cr | ₹29.43 Lakh | ₹1.63 Cr |
| Total Liabilities | ₹9.65 Cr | ₹1.12 Cr | ₹1.11 Cr | ₹1.04 Cr | ₹3.89 Cr | ₹3.26 Cr | ₹29.5 Lakh | ₹1.63 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹35.45 Lakh | ₹5.39 Cr | -₹36.67 Lakh | ₹13.63 Lakh | ₹6.2 Lakh |
| Investing Cash Flow | -₹23,000 | -₹5.41 Cr | -₹11.94 Lakh | -₹11.81 Lakh | ₹23.95 Lakh |
| Financing Cash Flow | ₹2.31 Lakh | -₹62.68 Lakh | ₹14.56 Lakh | ₹69,000 | -₹25.68 Lakh |
| Capital Expenditure | ₹23,000 | ₹0 | ₹12.46 Lakh | ₹9.03 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹35.68 Lakh | ₹5.39 Cr | -₹49.13 Lakh | ₹4.6 Lakh | ₹6.2 Lakh |
| Dividends Paid | ₹2.04 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹33.37 Lakh | -₹40.08 Lakh | -₹34.05 Lakh | ₹2.51 Lakh | ₹4.47 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.74 Cr | ₹3.34 Cr | ₹3.13 Cr | ₹3.1 Cr | ₹2.47 Cr | ₹3.53 Cr | ₹98.1 Lakh | ₹0 |
| Other Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹11.1 Lakh | ₹5.51 Cr | ₹12.03 Lakh | ₹8.35 Lakh |
| Total Income | ₹3.74 Cr | ₹3.34 Cr | ₹3.13 Cr | ₹3.1 Cr | ₹2.58 Cr | ₹9.04 Cr | ₹1.1 Cr | ₹8.35 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹3.02 Cr | ₹2.57 Cr | ₹2.53 Cr | ₹2.51 Cr | ₹1.97 Cr | ₹3.21 Cr | ₹76.35 Lakh | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹96,000 | ₹86,000 | ₹98,000 | ₹1.53 Lakh | ₹4.88 Lakh | ₹3.18 Lakh | ₹3.59 Lakh | ₹3.56 Lakh |
| Finance Costs | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹9,000 | ₹79,000 | ₹73,000 |
| Depreciation & Amortisation | ₹8,000 | ₹8,000 | ₹8,000 | ₹8,000 | ₹9,000 | ₹10,000 | ₹36,000 | ₹51,000 |
| Other Expenses | ₹10.41 Lakh | ₹19.76 Lakh | ₹3.72 Lakh | ₹3.11 Lakh | ₹3.95 Lakh | ₹8.88 Lakh | ₹5.96 Lakh | ₹3.07 Lakh |
| Total Expenses | ₹3.13 Cr | ₹2.77 Cr | ₹2.58 Cr | ₹2.56 Cr | ₹2.06 Cr | ₹3.33 Cr | ₹87.05 Lakh | ₹7.87 Lakh |
| Profit Before Exceptional Items & Tax | ₹60.59 Lakh | ₹56.47 Lakh | ₹55.12 Lakh | ₹54.17 Lakh | ₹52.18 Lakh | ₹5.71 Cr | ₹23.08 Lakh | ₹48,000 |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹60.59 Lakh | ₹56.47 Lakh | ₹55.12 Lakh | ₹54.17 Lakh | ₹52.18 Lakh | ₹5.71 Cr | ₹23.08 Lakh | ₹48,000 |
| Total Tax Expense | ₹15.67 Lakh | ₹14.68 Lakh | ₹14.42 Lakh | ₹14.08 Lakh | ₹9 Lakh | ₹94.79 Lakh | ₹3.6 Lakh | ₹0 |
| Net Profit | ₹44.92 Lakh | ₹41.79 Lakh | ₹40.7 Lakh | ₹40.09 Lakh | ₹43.18 Lakh | ₹4.76 Cr | ₹19.48 Lakh | ₹48,000 |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹44.92 Lakh | ₹41.79 Lakh | ₹40.7 Lakh | ₹40.09 Lakh | ₹43.18 Lakh | ₹4.76 Cr | ₹19.48 Lakh | ₹48,000 |
| EBITDA (computed) | ₹60.67 Lakh | ₹56.55 Lakh | ₹55.2 Lakh | ₹54.25 Lakh | ₹52.27 Lakh | ₹5.71 Cr | ₹24.23 Lakh | ₹1.72 Lakh |
| Basic EPS | ₹1.24 | ₹1.15 | ₹1.12 | ₹1.11 | ₹1.19 | ₹13.14 | ₹0.54 | ₹0.01 |
| Diluted EPS | ₹1.24 | ₹1.15 | ₹1.12 | ₹1.11 | ₹1.19 | ₹13.14 | ₹0.54 | ₹0.01 |
Charges & Borrowings of Narmada Macplast Drip Irrigation Systems Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 1997 | The Kalupur Connercial Co-Op Bank Ltd | ₹25 Lakh | Satisfied |
| 28 Jul 1997 | The Kalupur Connercial Co-Op Bank Ltd | ₹20 Lakh | Satisfied |
| 22 Jan 1997 | The Bombay Mercantile Co-Op Bank Ltd | ₹12 Lakh | Satisfied |
| 26 Jul 1996 | The Bombay Mercantile Co-Op Bank Ltd | ₹12 Lakh | Satisfied |
| 11 Apr 1994 | Idbi | ₹1 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Narmada Macplast Drip Irrigation Systems Limited
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Employee and EPFO history for Narmada Macplast Drip Irrigation Systems Limited
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GST Compliance of Narmada Macplast Drip Irrigation Systems Limited
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Credit Ratings, Litigation & Regulatory Alerts for Narmada Macplast Drip Irrigation Systems Limited
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MSME Payment Delays by Narmada Macplast Drip Irrigation Systems Limited
MSME payment history for Narmada Macplast Drip Irrigation Systems Limited
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Subsidiaries & Group Companies of Narmada Macplast Drip Irrigation Systems Limited
Corporate group structure for Narmada Macplast Drip Irrigation Systems Limited
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MCA Filings & Documents of Narmada Macplast Drip Irrigation Systems Limited
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Recent Activity on Narmada Macplast Drip Irrigation Systems Limited
Frequently Asked Questions about Narmada Macplast Drip Irrigation Systems Limited
Narmada Macplast Drip Irrigation Systems Limited is an active public limited company in the agriculture sector based in Gandhinagar, Gujarat, India. 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 Limited reported revenue of ₹13.31 Cr for FY 2026 (up 90.54% YoY) based on standalone BSE filings.
The current directors of Narmada Macplast Drip Irrigation Systems Limited are:
- Jiten Vrajlal Vaghasia - Whole-Time Director
- Kantibhai Devani - Director
- Vrajlal Vaghasia - Managing Director
- Vineshkumar Laljibhai Babaria - Director
- Nikunjkumar Babubhai Bhavsar - Director
- Daxaben Jitenkumar Vaghasia - Director
- Bhavinkumar Arvindkumar Patel - Director
The primary industry of Narmada Macplast Drip Irrigation Systems Limited is agriculture. The company specifically operates in agri machinery and equipment. The company is currently active in this sector.
Yes. Narmada Macplast Drip Irrigation Systems Limited is listed on BSE with code 517431.
Narmada Macplast Drip Irrigation Systems Limited can be reached at the registered office: Plot No.119 – 120 Santej Vadsar Road Near Alex Cable At.Santej Tl.Kalol, Gandhinagar, Gujarat, India – 382721, or through the website narmadadrip.com.