Synopsis: Narmada Agrobase shares gained nearly 3% after the company fixed July 31, 2026, as the record date for its 1:2 stock split, aimed at improving liquidity and shareholder accessibility.
The shares of the Penny stock company, specializing in the manufacturing and processing of cattle feed, delinted cotton seeds, and cotton seed meal cake, are in focus after announcing the record date for its 1:2 Stock Split.
With a market capitalisation of Rs. 132.78 crores in the day’s trade, the shares of Narmada Agrobase Ltd rose upto 2.8 percent, making a high of Rs. 36.00 per share compared to its previous closing price of Rs. 35.00 per share.
What Happened
Narmada Agrobase Limited has fixed Friday, July 31, 2026, as the record date to determine the eligibility of shareholders for the company’s approved stock split, in accordance with SEBI (LODR) Regulations, 2015.
Under the corporate action, one equity share with a face value of Rs. 10 each will be subdivided into two equity shares with a face value of Rs. 5 each, increasing the number of outstanding shares while keeping the overall investment value unchanged.
Financials & Others
The company’s revenue rose by 16.04 percent from Rs. 29.30 crores in Q4FY25 to Rs. 34.00 crores in Q4FY26. Meanwhile, Net profit rose by 2.56 percent from Rs. 0.78 crores to Rs. 0.80 crores during the same period.
The company reported a Return on Capital Employed (ROCE) of 8.95% and a Return on Equity (ROE) of 6.70%, reflecting moderate returns generated from its capital base and shareholders’ equity.
Its balance sheet remains healthy with a debt-to-equity ratio of 0.17, indicating low leverage. Additionally, the company has a PEG ratio of 0.43, suggesting the stock may be attractively valued relative to its expected earnings growth.
Narmada Agrobase Limited, incorporated in 2013 and headquartered in Mehsana, Gujarat, manufactures and supplies cattle feed and agro-based by-products with a strong focus on livestock nutrition. The company operates under well-known brands such as “Churma” and “Gaay Chhaap Narmada Pashu Aahar”, recognized for their consistent quality.
The company operates a strategically located manufacturing facility near Ahmedabad and is ISO 9001:2015 certified, ensuring stringent quality control, reliable raw materials, and high product standards. It was listed on the NSE Emerge platform in 2018 before migrating to the NSE Mainboard in 2022.
Narmada Agrobase has an annual production capacity of 40,000 tonnes, currently operating at around 50% capacity utilization. Its distribution network includes over 1,000 retail outlets and 150+ wholesale points, supported by three established brands.
It offers a diversified portfolio of livestock nutrition products, including cottonseed meal, cottonseed oil cake, guar korma, maize meal, cattle feed (mesh), and compound cattle feed. These products are formulated to provide high protein, essential minerals, vitamins, and energy, helping improve animal health, growth, and milk production.
The company also manufactures cotton linters and bleached cotton linters, which are used in industrial applications such as nitrocellulose, cellulose acetate, cotton batting, paper-grade pulp, and specialty cellulose products. This diversified product mix enables the company to cater to both the livestock feed and industrial raw material markets.
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