Narmada Macplast Drip Irrigation Systems (BSE 517431)₹23.00−1.33%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Narmada Macplast Drip Irrigation Systems reported sales of ₹3.75 Cr, up 51.2% from Mar 2025, and net profit of ₹0.46 Cr, up 4.5% year on year. For the year to Mar 2026, sales were ₹13.32 Cr and net profit ₹1.69 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.05 | 1.41 | 0.33 | 0.00 | 0.97 | 3.52 | 2.48 | 3.09 | 3.12 | 3.33 | 3.75 |
| Expenses | 0.05 | 0.07 | 1.51 | 0.39 | 0.07 | 0.87 | 3.34 | 2.07 | 2.57 | 2.59 | 2.78 | 3.14 |
| Operating Profit | −0.05 | 0.00 | −0.09 | −0.05 | −0.07 | 0.13 | 0.21 | 0.42 | 0.55 | 0.56 | 0.58 | 0.62 |
| OPM % | — | 0.0% | −5.6% | −11.8% | — | 12.3% | 5.7% | 16.6% | 17.4% | 17.5% | 17.0% | 16.3% |
| Other Income | 0.07 | 0.07 | 0.08 | 0.04 | 0.09 | 0.13 | 5.52 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.04 | −0.01 | −0.01 | 0.00 | 0.22 | 5.69 | 0.51 | 0.53 | 0.54 | 0.56 | 0.60 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | — | 17.3% | 16.6% | 17.3% | 25.8% | 25.4% | 26.3% | 26.2% |
| Net Profit | 0.02 | 0.06 | −0.03 | −0.04 | 0.00 | 0.20 | 4.78 | 0.44 | 0.41 | 0.42 | 0.43 | 0.46 |
| EPS (Rs) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 1.30 | 0.11 | 0.12 | 0.10 | 0.11 | 0.11 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.36 | 5.94 | 0.46 | 8.95 | 3.96 | 3.68 | 12.45 | 10.01 | 1.80 | 6.99 | 13.32 | 13.29 |
| Expenses | 0.33 | 5.81 | 0.38 | 8.89 | 3.99 | 3.67 | 12.52 | 10.29 | 1.98 | 6.32 | 11.07 | 11.08 |
| Operating Profit | 0.06 | 0.17 | 0.09 | 0.08 | −0.02 | 0.02 | −0.03 | −0.25 | −0.17 | 0.69 | 2.28 | 2.31 |
| OPM % | 13.5% | 2.7% | 17.8% | 0.8% | −0.3% | 0.3% | −0.2% | −2.4% | −8.9% | 9.7% | 17.0% | 17.4% |
| Other Income | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.07 | 0.30 | 0.23 | 5.84 | 0.00 | 0.00 |
| Interest | 0.00 | 0.02 | 0.02 | 0.00 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.05 | 0.16 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.44 | 2.26 | 2.23 |
| Tax % | 16.6% | 5.8% | 44.4% | 22.2% | — | — | 0.0% | 0.0% | 99.9% | 16.5% | 25.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 | 0.00 | — |
| Net Profit | 0.06 | 0.17 | 0.06 | 0.08 | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 | 5.41 | 1.69 | 1.72 |
| EPS (Rs) | — | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.48 | 0.45 | 0.44 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | — | 0.0% | 4.3% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.46 | 3.47 | 3.61 | 3.60 | 3.60 | 3.60 | 3.60 | 3.61 | 3.60 | 3.60 | 3.61 | 7.22 |
| Reserves | −1.50 | −1.58 | −1.43 | −1.38 | −1.33 | −1.33 | −1.33 | −1.32 | −1.29 | −1.30 | 4.09 | 2.15 |
| Borrowings | 0.59 | 0.00 | 0.00 | 0.39 | 0.35 | 0.15 | 0.36 | 0.44 | 0.43 | 0.61 | 0.00 | 0.04 |
| Other Liabilities | 0.98 | 1.65 | 1.45 | 0.47 | 1.28 | 0.15 | 3.11 | 3.45 | 0.61 | 0.50 | 1.12 | 9.57 |
| Total Liabilities | 3.53 | 3.54 | 3.63 | 3.08 | 3.90 | 2.57 | 5.74 | 6.18 | 3.35 | 3.41 | 8.82 | 18.98 |
| Fixed Assets | 0.34 | 0.32 | 0.30 | 0.32 | 0.30 | 0.29 | 0.28 | 0.26 | 0.34 | 0.38 | 0.01 | 0.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 |
| Investments | 0.66 | 0.69 | 0.72 | 0.86 | 0.89 | 0.80 | 0.82 | 0.58 | 0.60 | 0.64 | 0.00 | 0.00 |
| Other Assets | 2.53 | 2.53 | 2.61 | 1.90 | 2.71 | 1.48 | 4.64 | 5.34 | 2.41 | 2.33 | 8.81 | 18.97 |
| Inventories | 0.23 | 0.09 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade receivables | 0.49 | 0.60 | 0.60 | 0.78 | 1.65 | 0.65 | 3.64 | 4.06 | 1.10 | 1.37 | 2.89 | 13.50 |
| Cash & equivalents | 0.10 | 0.11 | 0.30 | 0.34 | 0.27 | 0.05 | 0.24 | 0.28 | 0.31 | −0.04 | 0.41 | 0.08 |
| Total Assets | 3.53 | 3.54 | 3.63 | 3.08 | 3.90 | 2.57 | 5.74 | 6.18 | 3.35 | 3.41 | 8.82 | 18.98 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.04 | 0.10 | 0.11 | 0.29 | 0.05 | −0.14 | 0.02 | −0.03 | −1.50 | −0.37 | −5.43 | −0.36 |
| Cash from investing activity | −0.24 | −0.03 | −0.02 | −0.17 | −0.03 | 0.08 | 0.00 | 0.23 | −0.93 | −0.11 | 6.46 | 0.00 |
| Cash from financing activity | 0.11 | −0.03 | 0.11 | −0.07 | −0.08 | −0.17 | 0.18 | −0.17 | 2.73 | 0.14 | −0.62 | 0.01 |
| Net cash flow | −0.18 | 0.03 | 0.20 | 0.05 | −0.08 | −0.23 | 0.20 | 0.05 | 0.31 | −0.34 | 0.44 | −0.34 |
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.37 | 0.13 | 0.12 | 0.00 |
| Free cash flow | −0.02 | 0.08 | 0.09 | 0.27 | 0.03 | −0.12 | 0.00 | 0.21 | −1.84 | −0.47 | 0.39 | −0.34 |
| CFO / OP % | 13.1% | 180.1% | 69.1% | 362.0% | 86.1% | 1,300.1% | 100.1% | 100.1% | 621.1% | 225.0% | −795.9% | −9.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 9,125 | 602 | 37 | 641 | 68 | 61 | 363 | 119 | 40 | 278 | 152 | 372 |
| Inventory days | 1,094 | 260 | 1 | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 4,198 | 2,372 | 61 | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 6,022 | −1,510 | −21 | 641 | 68 | 61 | 363 | 119 | 40 | 278 | 152 | 372 |
| Working capital days | −3,286 | 709 | 75 | 348 | 18 | 56 | 61 | 18 | 19 | 180 | 97 | 109 |
| ROCE % | — | 2.7% | 8.7% | 4.1% | 3.4% | 0.4% | 0.8% | 1.1% | 1.4% | 1.4% | 20.7% | 26.4% |
For the Mar 2026 quarter, Narmada Macplast Drip Irrigation Systems reported sales of ₹3.75 Cr, up 51.2% year on year and net profit of ₹0.46 Cr, up 4.5% year on year. The operating margin was 16.3%.
Narmada Macplast Drip Irrigation Systems' sales for the year to Mar 2026 were ₹13.32 Cr; over the last twelve months they were ₹13.29 Cr.
Net profit for the year to Mar 2026 was ₹1.69 Cr, and ₹1.72 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.44.
Narmada Macplast Drip Irrigation Systems reported borrowings of ₹0.04 Cr at Mar 2026, against cash and equivalents of ₹0.08 Cr.
Cash from operations was −₹0.36 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.34 Cr.