Synopsis:
Narmada Macplast Drip Irrigation Systems is in focus after the company announced the approval of issuing bonus shares in the ratio 1:1 and stock split in the ratio of 1:5.
The shares of this water management company are in focus after its board considered and approved the issuance of bonus shares and stock split. In this article, we will dive more into the details.
With a market capitalization of Rs 76.6 crore, the shares of Narmada Macplast Drip Irrigation Systems hit a 52-week high of Rs 213 on Monday. Over the past five years, the stock has delivered a multibagger return of 6,950 percent.
On Monday, the company, through a stock exchange filing, announced that it has given the green light for issuing bonus shares at a 1:1 ratio, which means that for every share you own, you’ll get an additional one bonus share. However, this bonus issue still needs the approval from shareholders, and they’ll be announcing the record date soon.
On top of that, the company has also decided that each fully paid-up equity share, which currently has a face value of Rs. 10, will be divided into five shares, each with a face value of Rs. 2 (1:5 ratio). This change, along with the plan to boost the authorized share capital from Rs. 5 crore to Rs. 10 crore, is also pending shareholder approval.
Financial Highlights
The company reported a revenue of Rs 6.98 crore in FY25, up by 286 percent from its FY24 revenue of Rs 1.81 crore. Coming to its profitability, the company reported a net profit of Rs 5.39 crore in FY25 as compared to Rs 0.18 lakh in FY24.
The stock delivered an impressive ROE and ROCE of 107.16 percent and 121.65 percent respectively, and is currently trading at a P/E of 14.22x as compared to its industry average of 27.53x.
Narmada Macplast Drip Irrigation Systems Ltd., founded in 1992, specializes in manufacturing and supplying drip and sprinkler irrigation systems. Their mission is to assist farmers in managing water more efficiently. Based in Gujarat, this company plays a crucial role in advancing sustainable agriculture by offering modern irrigation technologies that cater to a variety of crops and landscapes.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
