About Narmada Macplast Drip Irrigation Systems Limited
Data last updated: 17 February 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 L25209GJ1992PLC017791. Listed on BSE: 517431.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.25 Cr. It is led by directors including Daxaben Jitenkumar 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 the financials filed for FY 2025, the company reported a revenue of ₹12.81 Cr, reflecting significant growth compared to the previous year.
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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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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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
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 | ********* |
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 9 directors, with 15 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 |
|---|---|---|---|---|
|
Daxaben Jitenkumar Vaghasia
Also directs:
Narmada Macplast Drip Irrigation Systems Limited
|
Director | 30 Sep 2016 | 9 Years 9 Months | Current |
|
Kantibhai Devani
Also directs:
Narmada Macplast Drip Irrigation Systems Limited
|
Director | 15 May 2012 | 14 Years 1 Months | Current |
|
Nikunjkumar Bhavsar
Also directs:
Narmada Macplast Drip Irrigation Systems Limited
|
Director | 06 Sep 2022 | 3 Years 10 Months | Current |
| Jiten Vrajlal Vaghasia | Whole-Time Director | 24 Sep 1992 | 33 Years 9 Months | Current |
|
Vineshkumar Laljibhai Babaria
Also directs:
Narmada Macplast Drip Irrigation Systems Limited
|
Director | 16 Aug 2011 | 14 Years 10 Months | Current |
|
Girish Laxmanbhai Baldha
Also directs:
Narmada Macplast Drip Irrigation Systems Limited
|
Director | 12 Aug 2017 | 8 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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
Shareholding Pattern of Narmada Macplast Drip Irrigation Systems Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 5.58%, retail and other public shareholders hold 94.42% of Narmada Macplast Drip Irrigation Systems Limited. The company had 7,669 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% | 5.58% |
| Public | 94.42% | 94.42% | 94.42% | 94.42% | 94.42% | 94.42% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 5.58% | 5.58% | 45.67% |
| Public | 94.42% | 94.42% | 54.33% |
| Promoter change (YoY, %pts) | +0.00 | -40.09 | - |
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 Count & EPFO Data of Narmada Macplast Drip Irrigation Systems Limited
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GST Compliance of Narmada Macplast Drip Irrigation Systems Limited
GSTIN & GST Filing Data of Narmada Macplast Drip Irrigation Systems Limited
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Credit Ratings, Litigation & Regulatory Alerts for Narmada Macplast Drip Irrigation Systems Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Narmada Macplast Drip Irrigation Systems Limited
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MSME Payment Delays by Narmada Macplast Drip Irrigation Systems Limited
MSME Payment Delays by Narmada Macplast Drip Irrigation Systems Limited
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Subsidiaries & Group Companies of Narmada Macplast Drip Irrigation Systems Limited
Subsidiaries & Group Companies of Narmada Macplast Drip Irrigation Systems Limited
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MCA Filings & Documents of Narmada Macplast Drip Irrigation Systems Limited
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 ₹12.81 Cr for FY 2025 (up 529.00% YoY).
The current directors of Narmada Macplast Drip Irrigation Systems Limited are:
- Daxaben Jitenkumar Vaghasia
- Kantibhai Devani
- Abhishek Ashokbhai Patel
- Nikunjkumar Bhavsar
- Jiten Vrajlal Vaghasia
- Vineshkumar Laljibhai Babaria
- Girish Laxmanbhai Baldha
- Vrajlal Vaghasia
- Hemangi Akshaykumar Vasoya
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.