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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Narmada Agrobase Ltd

About the Company - Narmada Agrobase Ltd

Narmada Agrobase Ltd. is a Public Limited Listed company incorporated on 29/01/2013 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L15494GJ2013PLC073468 and registration number is 073468. Currently Company is involved in the business activities of Manufacture of cattle feed. Company’s Total Operating Revenue is Rs. 34.97 Cr. and Equity Capital is Rs. 13.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Animal/Shrimp Feed613/P-1 IJ, Pura (Jethaji) Dhanpura Road, Mehsana Gujarat 384421info@narmadaagrobase.com
http://www.narmadaagrobase.com
Management
NamePosition Held
Mr. Neerajkumar Sureshchandra AgrawalManaging Director & CFO
Mr. Suresh Chandra GuptaWhole Time Director
Ms. Pooja AidasaniInd. Non-Executive Director
Mr. Ganesh Bhavarlal PrajapatiInd. Non-Executive Director
Mrs. Nidhi Dineshbhai PatelInd. Non-Executive Director
Mr. Gaurav Dineshkumar AgarwalInd. Non-Executive Director

Narmada Agrobase Ltd. Share Price Update

Share PriceValue
Today₹26.30
Previous Day₹26.78

Basic Stock Data of Narmada Agrobase Ltd

Market Cap 36.9 Cr.
Current Price 27.2
High / Low35.0/16.6
Stock P/E72.4
Book Value 11.9
Dividend Yield0.00 %
ROCE6.88 %
ROE4.18 %
Face Value 10.0

Data Source: screener.in

Competitors of Narmada Agrobase Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Avanti Feeds Ltd 6,738 Cr. 495599/32119.3 1611.28 %18.3 %13.4 % 1.00
Industry Average6 Cr49519.31611.28%18.3%13.4%1

Narmada Agrobase Ltd Quarterly Results

MonthJun 2017Sep 2017Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.0017.377.218.7212.687.9113.2410.6218.267.9511.41
Expenses0.0016.596.868.1512.017.5212.6110.0617.817.5010.94
Operating Profit0.000.780.350.570.670.390.630.560.450.450.47
OPM %4.49%4.85%6.54%5.28%4.93%4.76%5.27%2.46%5.66%4.12%
Other Income0.000.030.020.010.010.010.010.010.010.010.03
Interest0.000.410.190.230.210.200.190.220.250.230.23
Depreciation0.000.140.090.090.090.080.080.080.080.070.07
Profit before tax0.000.260.090.260.380.120.370.270.130.160.20
Tax %15.38%33.33%30.77%31.58%33.33%27.03%25.93%23.08%31.25%15.00%
Net Profit0.000.210.060.180.260.080.270.200.100.110.17
EPS in Rs0.000.450.040.130.190.060.200.150.070.080.13

Narmada Agrobase Ltd Quarterly Chart

Narmada Agrobase Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales21.9730.5334.4537.0047.5061.4658.1434.6149.4848.24
Expenses21.1229.3533.0235.4345.8759.0055.9032.6147.4646.31
Operating Profit0.851.181.431.571.632.462.242.002.021.93
OPM %3.87%3.87%4.15%4.24%3.43%4.00%3.85%5.78%4.08%4.00%
Other Income0.020.020.020.070.280.030.040.060.050.06
Interest0.430.700.750.820.701.030.850.820.860.93
Depreciation0.270.270.300.280.540.400.420.370.320.30
Profit before tax0.170.230.400.540.671.061.010.870.890.76
Tax %17.65%21.74%25.00%25.93%25.37%25.47%32.67%31.03%26.97%
Net Profit0.140.190.300.400.500.790.680.610.650.58
EPS in Rs0.610.580.910.430.370.580.500.450.480.43
Dividend Payout %0.00%0.00%0.00%0.00%15.06%0.00%0.00%0.00%0.00%

Narmada Agrobase Ltd Profit & Loss Yearly Chart

Narmada Agrobase Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:-7%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:-6%
TTM:-27%
Stock Price CAGR
10 Years:%
5 Years:23%
3 Years:38%
1 Year:34%
Return on Equity
10 Years:%
5 Years:5%
3 Years:4%
Last Year:4%

Narmada Agrobase Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1.251.831.835.197.5313.5513.5513.5513.5513.55
Reserves0.110.300.640.426.040.711.391.682.332.61
Borrowings6.717.9310.227.399.138.448.699.7210.079.79
Other Liabilities0.890.670.981.440.881.573.291.551.372.43
Total Liabilities8.9610.7313.6714.4423.5824.2726.9226.5027.3228.38
Fixed Assets2.382.712.662.744.663.893.503.753.443.31
CWIP0.000.000.000.000.000.000.000.000.000.00
Investments0.210.210.430.470.610.000.000.000.000.00
Other Assets6.377.8110.5811.2318.3120.3823.4222.7523.8825.07
Total Assets8.9610.7313.6714.4423.5824.2726.9226.5027.3228.38

Narmada Agrobase Ltd Reserves and Borrowings Chart

Narmada Agrobase Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1.251.21-5.100.490.30-0.080.05
Cash from Investing Activity -0.44-0.34-2.320.460.040.060.37
Cash from Financing Activity 1.52-0.828.52-1.94-0.400.22-0.52
Net Cash Flow-0.170.051.11-1.00-0.070.20-0.10

Narmada Agrobase Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days30.0726.6631.8931.0758.0267.41101.83151.9797.52
Inventory Days73.6054.4370.8875.6270.3337.8128.8377.6675.95
Days Payable10.546.978.6311.983.544.0215.9210.037.25
Cash Conversion Cycle93.1374.1194.1494.71124.80101.19114.74219.59166.22
Working Capital Days82.7472.6988.8984.15120.7297.16108.48206.91157.71
ROCE %10.26%10.11%10.59%7.68%9.21%8.20%6.96%6.88%

Narmada Agrobase Ltd Financial Efficiency Indicators Chart

Narmada Agrobase Ltd Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023
Promoters66.47%66.47%66.47%66.47%
Public33.53%33.54%33.53%33.54%
No. of Shareholders8811,8702,6663,466

Narmada Agrobase Ltd Shareholding Pattern Chart

No. of Narmada Agrobase Ltd Shareholders

This stock is not held by any mutual fund

Narmada Agrobase Ltd ROCE Trend

Narmada Agrobase Ltd EPS Trend

Narmada Agrobase Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.480.410.560.980.66
Diluted EPS (Rs.)0.480.410.560.980.66
Cash EPS (Rs.)0.710.670.860.871.38
Book Value[Excl.RevalReserv]/Share (Rs.)11.7211.4311.0310.5218.02
Book Value[Incl.RevalReserv]/Share (Rs.)11.7211.4311.0310.5218.02
Dividend / Share (Rs.)0.000.000.000.000.10
Revenue From Operations / Share (Rs.)36.9225.8143.0045.4563.11
PBDIT / Share (Rs.)1.531.461.681.832.54
PBIT / Share (Rs.)1.291.191.371.541.82
PBT / Share (Rs.)0.650.580.740.770.88
Net Profit / Share (Rs.)0.480.400.550.580.65
PBDIT Margin (%)4.135.643.914.034.03
PBIT Margin (%)3.504.593.193.372.88
PBT Margin (%)1.772.271.731.711.40
Net Profit Margin (%)1.301.571.291.281.04
Return on Networth / Equity (%)4.103.555.045.523.65
Return on Capital Employeed (%)10.6510.2911.6713.619.27
Return On Assets (%)2.382.042.803.292.10
Long Term Debt / Equity (X)0.030.000.050.060.08
Total Debt / Equity (X)0.630.620.530.580.67
Asset Turnover Ratio (%)1.851.302.292.592.50
Current Ratio (X)2.141.971.962.092.01
Quick Ratio (X)1.311.411.591.421.09
Inventory Turnover Ratio (X)5.675.7210.227.856.15
Dividend Payout Ratio (NP) (%)0.000.000.009.540.00
Dividend Payout Ratio (CP) (%)0.000.000.006.320.00
Earning Retention Ratio (%)0.000.000.0090.460.00
Cash Earning Retention Ratio (%)0.000.000.0093.680.00
Interest Coverage Ratio (X)2.402.432.672.422.73
Interest Coverage Ratio (Post Tax) (X)1.761.681.881.771.70
Enterprise Value (Cr.)40.5936.0421.2524.0421.07
EV / Net Operating Revenue (X)0.811.030.360.390.44
EV / EBITDA (X)19.6218.269.319.6811.00
MarketCap / Net Operating Revenue (X)0.620.770.230.250.27
Retention Ratios (%)0.000.000.0090.450.00
Price / BV (X)1.961.740.921.120.97
Price / Net Operating Revenue (X)0.620.770.230.250.27
EarningsYield0.020.020.050.040.03

Narmada Agrobase Ltd Profitability Ratios (%)

Narmada Agrobase Ltd Liquidity Ratios

Narmada Agrobase Ltd Liquidity Ratios (%)

Narmada Agrobase Ltd Interest Coverage Ratios (%)

Narmada Agrobase Ltd Valuation Ratios

Fair Value of Narmada Agrobase Ltd Stock

Fair Value: ₹36.73

The stock is undervalued by 35.05% compared to the current price ₹27.2

*Investments are subject to market risks

Strength and Weakness of Narmada Agrobase Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.81 and average Dividend Yield of 3.51%.
  2. The company has shown consistent growth in sales (42.34 cr) and profit (0.66 cr) over the years.
  1. The stock has a low average ROCE of 7.77%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 113.27, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 120.29, which may not be favorable.
  4. The company has higher borrowings (8.81) compared to reserves (1.62), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Narmada Agrobase Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE