Narmada Gelatines Limited

BSE: 526739
Narmada Gelatines Limited - chemicals and materials in Jabalpur, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L24111MP1961PLC016023 Incorporated 13 January 1961 ROC Gwalior HQ Jabalpur, Madhya Pradesh, India
Active Listed - BSE: 526739 Public Limited Company chemicals and materials
Data last updated
Market Cap
₹263 Cr
SHAWGELTIN · BSE
Share Price
₹460.00
+5.95% today
Revenue
₹215 Cr
FY 2025-26 · +14.0% YoY
EBITDA
₹41.29 Cr
Margin 19.2%
Net Profit
₹31.47 Cr
FY 2025-26 · +80.8% YoY
P/E (TTM)
7.6x
P/B 1.8x
ROE
23.7%
ROCE 29.4%
Debt / Equity
0.08
Interest cover 2.6x

About Narmada Gelatines Limited

Data last updated:

Narmada Gelatines Limited is a public limited company based in Jabalpur, Madhya Pradesh, India, a subsidiary of Alfamont (Mauritius) Ltd. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 13 January 1961 and has been in existence for over 65 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L24111MP1961PLC016023. The company has 2 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 526739.

The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹6.05 Cr. It was formerly known as Shaw Wallace Gelatines Limited. It is led by directors including Ashok Kumar Kapur (Managing Director) and Kailasam Krishnamoorthy.

Its last annual general meeting (AGM) was held on 19 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Caravsr.No.28 Civillines, Jabalpur, Madhya Pradesh, India – 482001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹215.41 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹31.47 Cr (net margin 14.6%) and EBITDA of ₹41.29 Cr (EBITDA margin 19.2%). The net worth stands at ₹145.25 Cr (up 20.8% YoY). Total assets are valued at ₹153.96 Cr (up 15.6% YoY).

The company has about 448 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Narmada Gelatines. As per MCA filings, the company has open charges of ₹57.75 Cr and satisfied charges of ₹22.07 Cr on record. Court records list 16 cases involving the company, including 13 filed by the company and 3 filed against it.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narmadagelatines.com.

Company details

CIN L24111MP1961PLC016023
Registration Number 016023
Incorporation Date 13 January 1961
ROC Gwalior
Listing Status Listed - Listed on BSE (526739)
Company Status Active
Date of Last AGM 19 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Alfamont (Mauritius) Ltd
Compliance Status Active Compliant

CIN history

Narmada Gelatines has one previous CIN (Corporate Identification Number): L24111MP2003PLC016023. The current CIN is L24111MP1961PLC016023, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24111MP1961PLC016023Current
L24111MP2003PLC016023Previous
Key People
Ashok Kumar Kapur Managing Director Kailasam Krishnamoorthy Director Annamalai Sankaralingam Director

Contact details

Narmada Gelatines Limited's registered office is in Jabalpur, Madhya Pradesh. Its website is narmadagelatines.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    narmadagelatines.com
  • Social Media
  • Registered Address
    Caravsr.No.28 Civillines, Jabalpur, Madhya Pradesh, India – 482001
  • Industry
    Chemicals and Materials, Specialty Chemicals

To see the full contact details of Narmada Gelatines Limited, buy the company report.

Comprehensive company report
Narmada Gelatines 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Narmada Gelatines operates one associated brand: Narmada Gelatines. Each brand links to its own profile.

BrandDescriptionWebsite
Narmada Gelatines
Gelatine for edible preparations is manufactured under controlled conditions.narmadagelatines.com

Business activity

The main business activity of Narmada Gelatines is manufacturing. In detail, this covers manufacture of chemicals and chemical products and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing20Manufacture of chemicals and chemical products
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Narmada Gelatines Limited, buy the company report.

Financials of Narmada Gelatines Limited

FY 2025-26 filings available

Narmada Gelatines Limited reported revenue of ₹215.41 Cr (up 14% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹215 Cr
+14.0% YoY
EBITDA
₹41.29 Cr
+68.0% YoY
Profit After Tax
₹31.47 Cr
+80.8% YoY
Net Worth
₹145 Cr
+20.8% YoY
Total Assets
₹154 Cr
+15.6% YoY
Total Debt
₹7.89 Cr
-38.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue215189
Revenue growth+14.0%-
EBITDA41.2924.58
EBITDA margin+19.2%+13.0%
Profit before tax41.2223.61
Net profit31.4717.41
Net profit margin+14.6%+9.2%
EPS (₹)52.0429.80
Balance sheet
Total assets154133
Net worth145120
Total debt7.8912.72
Cash & bank4.080.45
Net working capital65.1752.60
Cash flow
Cash from operations24.5616.08
Cash from investing(12.72)(28.90)
Cash from financing(11.91)5.43
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue56.3761.7056.7351.2145.7749.7748.02
Revenue growth (YoY)+23.2%+24.0%+18.1%----
Other income1.280.771.050.961.040.710.43
EBITDA11.7213.7610.679.357.527.476.58
EBITDA margin+20.8%+22.3%+18.8%+18.3%+16.4%+15.0%+13.7%
Depreciation0.760.920.650.650.650.550.56
Interest0.150.290.290.200.240.360.55
Profit before tax12.0913.3210.789.467.677.275.90
Tax2.763.112.382.571.691.241.48
Net profit9.3310.218.406.895.986.034.42
EPS (₹)15.4316.8813.8911.399.899.987.31
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue215189182191157135134
Revenue growth+14.0%+3.9%-4.9%+21.5%+16.7%+0.5%-
EBITDA41.2924.5821.2619.7514.397.5414.14
EBITDA margin+19.2%+13.0%+11.7%+10.3%+9.1%+5.6%+10.5%
Profit before tax38.1822.7920.5719.8115.4311.3917.85
Net profit28.4316.5814.9014.2910.855.539.88
Net profit margin+13.2%+8.8%+8.2%+7.5%+6.9%+4.1%+7.4%
EPS (₹)47.0028.4425.3425.2620.3913.9821.29
Balance sheet
Total assets15013210994.21146139137
Net worth14111910993.89145139136
Total debt7.8912.720.000.000.000.000.44
Cash & bank4.080.4522.159.1820.0412.308.87
Net working capital65.1752.6073.3559.8271.2054.8249.10
Cash flow
Cash from operations24.5617.0414.5713.801.893.134.74
Cash from investing(12.72)(28.90)(12.48)44.2110.255.87(4.01)
Cash from financing(11.91)5.44(0.23)(66.95)(6.14)(6.66)(9.12)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue56.3761.7056.7351.2145.7749.7748.0247.91
Revenue growth (YoY)+23.2%+24.0%+18.1%+6.9%+5.9%---
Other income0.140.140.050.550.040.030.290.77
Total expenses44.6547.9446.0641.8638.2542.2941.4442.68
EBITDA11.7213.7610.679.357.527.486.585.23
EBITDA margin+20.8%+22.3%+18.8%+18.3%+16.4%+15.0%+13.7%+10.9%
Depreciation0.760.920.650.650.650.550.560.59
Interest0.150.290.290.200.240.360.550.27
Profit before tax10.9512.699.789.056.676.605.765.14
Tax2.763.112.382.571.691.241.481.31

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue56.3761.7056.7351.2145.7749.7748.02
Revenue growth (YoY)+23.2%+24.0%+18.1%----
Other income1.280.771.050.961.040.710.43
EBITDA11.7213.7610.679.357.527.476.58
EBITDA margin+20.8%+22.3%+18.8%+18.3%+16.4%+15.0%+13.7%
Depreciation0.760.920.650.650.650.550.56
Interest0.150.290.290.200.240.360.55
Profit before tax12.0913.3210.789.467.677.275.90
Tax2.763.112.382.571.691.241.48
Net profit9.3310.218.406.895.986.034.42
EPS (₹)15.4316.8813.8911.399.899.987.31
ParticularsFY 2025-26FY 2024-25
Revenue215189
Revenue growth+14.0%-
Other income3.822.47
Total expenses174164
Employee cost20.0816.18
EBITDA41.2924.58
EBITDA margin+19.2%+13.0%
Depreciation2.872.22
Interest1.021.22
Profit before tax41.2223.61
Tax9.755.58
Net profit31.4717.41
Net profit margin+14.6%+9.2%
EPS (₹)52.0429.80
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital6.056.05
Reserves & surplus139114
Shareholders' funds (net worth)145120
Minority interest0.000.00
Secured loans7.8912.72
Unsecured loans0.000.00
Total debt7.8912.72
Total liabilities154133
Assets
Gross block53.2242.25
Net block41.0732.97
Capital work in progress5.536.78
Investments45.0941.97
Inventories48.7946.57
Sundry debtors29.0324.84
Cash & bank balances4.080.45
Loans & advances3.143.61
Total current assets85.0475.47
Total current liabilities19.8722.87
Net working capital65.1752.60
Total assets154133
ParticularsFY 2025-26FY 2024-25
Opening cash0.196.62
Net cash from operating activities24.5616.08
Net cash from investing activities(12.72)(28.90)
Net cash from financing activities(11.91)5.43
Net change in cash(0.08)(7.40)
Closing cash4.080.45
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth+14.0%-
EBITDA growth+68.0%-
PBT growth+74.6%+9997.0%
Net income growth+80.8%-
Profitability & leverage
Net income margin+14.6%+9.5%
Return on capital employed+29.4%+18.6%
Return on net worth+23.7%+15.0%
Debt / equity0.080.11
Long-term debt / equity0.040.05
Interest cover2.655.46
Efficiency & per share
Fixed asset turnover4.514.47
Inventory turnover4.524.06
Debtors turnover8.007.61
EPS (₹)52.0429.80
Dividend per share (₹)11.0010.00
Book value per share (₹)240.06198.77
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue56.3761.7056.7351.2145.7749.7748.0247.91
Revenue growth (YoY)+23.2%+24.0%+18.1%+6.9%+5.9%---
Other income0.140.140.050.550.040.030.290.77
Total expenses44.6547.9446.0641.8638.2542.2941.4442.68
EBITDA11.7213.7610.679.357.527.486.585.23
EBITDA margin+20.8%+22.3%+18.8%+18.3%+16.4%+15.0%+13.7%+10.9%
Depreciation0.760.920.650.650.650.550.560.59
Interest0.150.290.290.200.240.360.550.27
Profit before tax10.9512.699.789.056.676.605.765.14
Tax2.763.112.382.571.691.241.481.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue215189182191157135134
Revenue growth+14.0%+3.9%-4.9%+21.5%+16.7%+0.5%-
Other income0.781.651.612.293.205.515.56
Total expenses174164161171143127120
Employee cost20.0816.1814.9213.7112.2711.5011.46
EBITDA41.2924.5821.2619.7514.397.5414.14
EBITDA margin+19.2%+13.0%+11.7%+10.3%+9.1%+5.6%+10.5%
Depreciation2.872.222.041.922.081.491.37
Interest1.021.220.260.310.080.170.48
Profit before tax38.1822.7920.5719.8115.4311.3917.85
Tax9.755.585.254.543.082.954.96
Net profit28.4316.5814.9014.2910.855.539.88
Net profit margin+13.2%+8.8%+8.2%+7.5%+6.9%+4.1%+7.4%
EPS (₹)47.0028.4425.3425.2620.3913.9821.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.056.056.056.056.056.056.05
Reserves & surplus13511310387.84139133130
Shareholders' funds (net worth)14111910993.89145139136
Secured loans7.8912.720.000.000.000.000.44
Unsecured loans0.000.000.000.000.000.000.00
Total debt7.8912.720.000.000.000.000.44
Total liabilities15013210994.21146139137
Assets
Gross block53.2242.2534.5233.8332.2532.6927.44
Net block41.0732.9726.9227.6627.3329.3925.60
Capital work in progress5.536.780.480.000.020.001.76
Investments41.1541.159.604.0448.2950.4064.60
Inventories48.7946.5746.5046.8349.7840.6934.44
Sundry debtors29.0324.8421.9119.4615.5817.8720.15
Cash & bank balances4.080.4522.159.1820.0412.308.87
Loans & advances3.143.612.902.424.272.902.83
Total current assets85.0475.4793.4677.8989.6773.7666.29
Total current liabilities19.8722.8720.1118.0718.4718.9417.19
Net working capital65.1752.6073.3559.8271.2054.8249.10
Total assets15013210994.21146139137
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.196.624.7613.697.705.3513.75
Net cash from operating activities24.5617.0414.5713.801.893.134.74
Net cash from investing activities(12.72)(28.90)(12.48)44.2110.255.87(4.01)
Net cash from financing activities(11.91)5.44(0.23)(66.95)(6.14)(6.66)(9.12)
Net change in cash(0.08)(6.43)1.86(8.93)5.992.35(8.40)
Closing cash4.080.4522.159.1820.0412.308.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.0%+3.9%-4.9%+21.5%+16.7%+0.5%-
EBITDA growth+68.0%+15.6%+7.7%+37.3%+90.9%-46.7%-
PBT growth+67.5%+10.8%+3.8%+28.4%+35.5%-36.2%+34.8%
Net income growth+71.5%+11.3%+4.3%+31.7%+96.2%-44.0%-
Revenue CAGR (3Y)+4.1%+6.3%+10.5%+12.5%+7.8%+4.6%+6.0%
EBITDA CAGR (3Y)+27.9%+19.5%+41.3%+11.8%+16.2%+12.5%+56.6%
Profitability & leverage
Net income margin+13.2%+9.1%+8.4%+8.0%+7.9%+6.3%+9.6%
Return on capital employed+27.8%+19.9%+20.5%+16.8%+9.5%+5.5%+10.5%
Return on net worth+21.8%+15.1%+15.1%+12.8%+7.6%+4.0%+7.4%
Debt / equity0.080.060.000.000.000.000.01
Long-term debt / equity0.040.030.000.000.000.000.00
Interest cover2.655.461.351.740.652.813.76
Efficiency & per share
Fixed asset turnover4.514.925.325.794.854.495.05
Inventory turnover4.524.063.903.963.483.594.25
Debtors turnover8.008.088.7910.919.417.096.83
EPS (₹)47.0028.4425.3425.2620.3913.9821.29
Dividend per share (₹)11.0010.0010.00100.0010.0010.0010.00
Book value per share (₹)233.55197.42180.06155.18240.01229.40225.44

To see the full year-wise statements and ratios of Narmada Gelatines Limited, buy the company report.

Board of directors of Narmada Gelatines Limited

Narmada Gelatines has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kailasam KrishnamoorthyDirector21 Sep 20215 Years 1 MonthsCurrent
Ashok Kumar KapurManaging Director01 Jun 200917 Years 5 MonthsCurrent
Annamalai Sankaralingam
Also directs: Hibiscus Enterprises LLP, Amman Match LLP, India Gelatine and Chemicals Ltd and 5 more
Director14 Jul 20233 Years 3 MonthsCurrent
Sankaralingam Maheswaran
Also directs: Hibiscus Enterprises LLP, India Gelatine and Chemicals Ltd, Meenasankar Agri Private Limited and 5 more
Director14 Jul 20233 Years 3 MonthsCurrent
Balasubramanian Vijayadurai
Also directs: India Gelatine and Chemicals Ltd
Director14 Jul 20233 Years 3 MonthsCurrent
Manimegalai ThangamaniDirector14 Jul 20233 Years 3 MonthsCurrent
View all directors

Auditor

Narmada Gelatines Limited is audited by LODHA & CO. LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
LODHA & CO. LLPFY 2025301051E

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.00%.

Promoters: 75.00%Retail & Others: 25.00%
Mar 2026
QUARTER
75.00% Promoters
25.00% Retail & Others
Promoter holding - history
Now 75.00% · Mar 2026High 75.00% · Jun 2025Low 75.00% · Jun 2025
74%74.5%75%75.5%76%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 75.00%Sep 2025: 75.00%Dec 2025: 75.00%Mar 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & borrowings

Open charges
₹57.75 Cr
Satisfied charges
₹22.07 Cr
Breakdown by lending institutions
Others₹57.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Sep 2024100975435Others₹57.75 CrOpen
13 Apr 2022100565006Idbi Bank Limited₹1.67 CrSatisfied
08 Mar 2022100545813Others₹2.2 CrSatisfied
21 Feb 2018100203280Yes Bank Limited₹2 CrSatisfied
23 Jun 200910164889Allahabad Bank₹8.1 CrSatisfied

To see the full charge records of Narmada Gelatines Limited, buy the company report.

Total charge records: 6 View all charges

MSME payment delays

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

Employees & EPFO

Narmada Gelatines Limited has a workforce of 448 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
448
Active EPFO establishments
1
Employee growth
-1.1%

GST

Narmada Gelatines has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2

To see the full GST registrations and return filing status of Narmada Gelatines Limited, buy the company report.

Recent activity

Narmada Gelatines Limited has 30 board changes on record since 2003: 18 appointments and 12 cessations. The latest: Mahesh Verma ceased to be CFO on 07 Jan 2025.

AGM
Narmada Gelatines Limited last Annual general meeting of members was held on 19 Aug 2026 as per latest MCA records.
Charges
A charge with Others of Rs. 57.75 Cr registered on 13 Sep 2024 with Charge ID 100975435 was modified on 02 Jul 2026.
Filing
Narmada Gelatines Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
Charges
A charge registered on 08 Mar 2022 via Charge ID 100545813 with Others was fully satisfied on 14 Jan 2026.
Ceased
Mahesh Verma ceased to be CFO.
Charges
A charge with Others amounted to Rs. 57.75 Cr with Charge ID 100975435 was registered on 13 Sep 2024.
Charges
A charge registered on 13 Apr 2022 via Charge ID 100565006 with Idbi Bank Limited was fully satisfied on 08 Sep 2023.
Appointed
Annamalai Sankaralingam was appointed as Director.
Appointed
Balasubramanian Vijayadurai was appointed as Director.
Ceased
Drushti Rahul Desai ceased to be Director.
Ceased
Gaurang Arunkumar Shah ceased to be Director.
Appointed
Manimegalai Thangamani was appointed as Director.

33 earlier events are in the company report.

News

Stocks that will see action today - December 6
06 Dec 2024 · Thehindubusinessline

Frequently asked questions

Narmada Gelatines is an active public limited company based in Jabalpur, Madhya Pradesh, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 13 January 1961 (65+ years old) and is registered under CIN L24111MP1961PLC016023. Listed on BSE: 526739.

Narmada Gelatines reported revenue of ₹215.41 Cr for FY 2025-26 (up 14% YoY) based on consolidated financials.

Narmada Gelatines has 6 current directors:

The latest financial statements of Narmada Gelatines on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 August 2026. Year-wise statements from 2015 are in the company report.

No. Narmada Gelatines has 2 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of Narmada Gelatines is L24111MP1961PLC016023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Narmada Gelatines is a listed company as per MCA records. Its shares are listed on BSE (code: 526739).

Narmada Gelatines has 16 court cases on record: 13 filed by the company and 3 filed against it. Most are in the high courts.

Narmada Gelatines was incorporated on 13 January 1961, making it 65+ years old. It is registered with the Registrar of Companies, Gwalior.

Mahesh Verma ceased to be CFO on 07 Jan 2025. Annamalai Sankaralingam was appointed as Director on 14 Jul 2023. Balasubramanian Vijayadurai was appointed as Director on 14 Jul 2023. Narmada Gelatines has 30 board changes on record in total.