One of the micro-cap stocks engaged in the manufacturing of drip irrigation systems and various plastic products, including rigid PVC pipes and hoses. The stock has hit a 5 percent upper circuit after reporting a 2405.26 percent QOQ increase in net profit.
Stock Price Movement
With a market capitalization of Rs. 39.94 crores, the shares of Narmada Macplast Drip Irrigation Systems Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 110.25 per share on Tuesday, up from its previous closing price of Rs. 105 per share.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Narmada Macplast Drip Irrigation Systems Limited, the company’s consolidated revenue from operations increased by 148.59 percent YOY, from Rs. 1.42 crore in Q3 FY24 to Rs. 3.53 crore in Q3 FY25, and grew by 260.20 percent QoQ from Rs. 0.98 crore in Q2 FY25.
Further, the company’s EBIDT has converted from negative to positive, from Rs. -0.08 crore in Q3 FY24 to Rs. 0.20 crore in Q3 FY25.
In Q3 FY25, Narmada Macplast Drip Irrigation Systems Limited’s consolidated net profit has converted from net loss to net profit, from Rs. -0.02 crore in Q3 FY24 to Rs. 4.76 crore in Q3 FY25. As compared to Q2 FY25, the net profit has increased by 2,405.26 percent, from Rs. 0.19 crore.
The basic earnings per share increased by 2,426.92 percent and stood at Rs 0.52 as against Rs 13.14 recorded in the previous quarter FY25.
In terms of return ratios, Narmada Macplast Drip Irrigation Systems Limited’s share ROE and ROCE are currently at 5.71 percent and 7.15 percent, respectively. Narmada Macplast Drip Irrigation Systems Limited has a debt-to-equity ratio of 0.21x, which shows the company is almost a debt-free company.
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Shareholding pattern
In September 2024, Narmada Macplast Drip Irrigation Systems Limited had a majority stake held by the public at 86.31 percent, domestic institutional investors at 1.34 percent, and the promoter at 12.34 percent.
Business Operations
Narmada Macplast specializes in manufacturing rigid PVC, krishi, and garden hose pipes. Focused on meeting agricultural irrigation demands, the company emphasizes research and development to innovate and enhance its product offerings for sustainable solutions.
Company Overview
Narmada Macplast Drip Irrigation Systems Limited was incorporated in 1992 and is based in Ahmedabad, India. The company specializes in manufacturing drip irrigation systems and related products. The company also engages in consultancy for water management and plastic products.
Written By – Nikhil Naik
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