Synopsis:
Narmada Macplast Drip Irrigation Systems Ltd gained attention after its board approved record date for both bonus and split issue.
A micro-cap company that is in the business of drip irrigation systems came into the spotlight after announcing that its board has approved record date for split and bonus issue in the ratio of 1:5 and 1:1 respectively.
With Market Capitalization of Rs. 73 crore, Narmada Macplast Drip Irrigation Systems Limited is trading at 201.50, down by 0.54 percent from its previous closing price of Rs. 202.60 per equity share. The stock reached a high of Rs. 205.50 in today’s trading session.
What’s the News?
Narmada Macplast Drip Irrigation Systems Ltd has announced that the board has set October 3, 2025, as the record date for a proposed share split in a 1:5 ratio. Upon shareholder approval, each equity share of Rs. 10 will be divided into 5 shares of ₹2 each.
The company proposes a 1:1 bonus issue, giving 1 new fully paid-up share for every 1 existing share post sub-division, also subject to shareholder approval at the AGM on September 30, 2025. The board has approved October 3, 2025, as the record date for the bonus issue.
Also Read: Midcap stock in focus after investors infused ₹550 Cr through convertible preference shares
About the Company
Narmada Macplast Drip Irrigation Systems Ltd., incorporated in 1992 and based in Gandhinagar, India, provides drip irrigation systems and related services. The company focuses on advanced water management for farmers, plans its own R&D farm and lab, and is also involved in import-export, consultancy, government supplies, and liaison work, backed by experienced promoters.
The company reported Q1FY26 revenue of ₹3.10 cr, up 25.5% QoQ from ₹2.47 cr in Q4FY25, while profit slightly declined to ₹0.40 cr from ₹0.43 cr QoQ, reflecting stable operational performance.
At the movement, the company is trading at a price-to-earnings (P/E) ratio of 12.6x which is lower than the industry average of 23.1x. A return on equity (ROE) of about 17.9 percent and a return on capital employed (ROCE) of about 20.8 percent demonstrate the company’s financial position.
Written By Akshay Sanghavi
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