The shares of a micro company engaged in the business of drip irrigation systems drew investors’ attention after the announcement of the revision of the record date for the stock split and bonus issue ratio.
With the market capitalization of Rs.80.77 crores, the shares of Narmada Macplast Drip Irrigation Systems Limited were trading at Rs.222.95, up by 5 percent by hitting the upper circuit from its previous day’s closing price of Rs.212.90 per equity share.
What’s the news?
Narmada Macplast Drip Irrigation Systems Limited has announced 10th October,2025, as the revised record date for two corporate actions, subject to approval at the AGM held on 30th September,2025. It is planning to give a share split by converting each Rs.10 share into 2 shares, and a bonus issue of 1:1
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About the Company
Narmada Macplast Drip Irrigation Systems Limited is engaged in the business of providing drip irrigation systems and related services to its clients. Over the past year, the company has delivered over 400 percent returns with its share price rising to Rs. 212 on 6th October from Rs.22 on 7th October, 2024
The company’s revenue went up from Rs.2.47 crore in Q4FY25 to Rs.3.10 crore in Q1FY26. Net profit went down from 0.43 crore in Q4FY25 to Rs.0.40 crore in Q1FY26. Its return on equity is 17 percent, and return on capital employed is 20 percent. It has a P/E ratio of 13.37, with the industry average of 22.36.
Written by Jhanavi Sivakumar
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