Debut Plus

20.4

-0.49 -2.35%

18 Jul 2026

BSE Listed

GSM 2

Narmada Macplast Drip Irr (517431)

Volume: 30,134Avg Vol 1W: 13,572Avg Vol 1M: 1,12,57152W Range:14.5634.55
Market Cap₹74 Cr
Current Price₹20.4
Previous Close₹20.89
High / Low (52w)₹34.55 / ₹14.56
Volume30,134
Avg Vol (1W)13,572
Avg Vol (1M)1,12,571
Stock P/E44.35
Book Value₹2.59
Dividend Yield10%
ROE17.82%
ROA8.82%
Revenue (TTM)
Revenue Growth
Profit Margin12.62%
Total Debt
Shares Outstanding4 Cr
Face Value
EPS (TTM)₹0.46
P/B7.87
Debt / Equity0.06
50 DMA₹21.9
200 DMA₹23.25
Day change-2.35%
SurveillanceGSM 2 (as of 2026-07-18)
Price Chart
20.4 11.29% · 1Y
891519.8L
2025-07-17
2026-07-17

20-day avg volume: 1.1L shares

Pros
  • Healthy return on equity of 17.8%.
  • Pays a dividend yield of 10.0%.
  • Company is almost debt-free.
Cons
  • Revenue fell 80% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹0 Cr₹1 Cr₹4 Cr₹2 Cr₹3 Cr₹3 Cr₹3 Cr₹4 Cr
EBITDA₹0 Cr₹0 Cr₹6 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Net Profit₹0 Cr₹0 Cr₹5 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue₹6 Cr₹0 Cr₹9 Cr₹4 Cr₹4 Cr₹13 Cr₹10 Cr₹2 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS0.460.140.190.0100.020.020.01
Balance Sheet
MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Total Assets₹4 Cr₹3 Cr₹4 Cr₹3 Cr₹6 Cr₹6 Cr₹3 Cr₹3 Cr
Total Liabilities₹1 Cr₹1 Cr₹2 Cr₹0 Cr₹3 Cr₹4 Cr₹1 Cr₹1 Cr
Equity₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024
Operating₹0 Cr₹0 Cr₹-1 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹-1 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹3 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹-1 Cr₹0 Cr
Shareholding
Promoter 5.58% Institutions 0% Public 94.42%
Efficiency & Working Capital
ROCE24%
Interest Coverage55
Dividend Payout
Debtor Days152 d
Inventory Days0 d
Payable Days1 d
Cash Conversion Cycle150 d
Working Capital Days152 d
Shareholding Details

As of 2026-03-31

Promoter5.6%
FII0%
DII0%
Institutions0%
Public94.4%
Promoter Pledge0%
No. of Shareholders7,669
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters45.7%45.7%45.7%45.7%45.7%12.3%5.6%5.6%5.6%5.6%5.6%5.6%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs1.3%1.3%1.3%1.3%1.3%1.3%1.3%0%0%0%0%0%
Public53%53%53%53%53%86.3%93.1%94.4%94.4%94.4%94.4%94.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,9282,9472,9543,0393,0823,1533,3704,2834,4856,5558,0007,669
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Vrajlal Jadavji VaghasiaShareholding of Promoter and Promoter Group5.6%20,21,510
Jiten Vrajlal VaghasiaShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Vrajlal Jadavji Vaghasia00%2026-03-31
Jiten Vrajlal Vaghasia00%2026-03-31
Vrajlal Jadavji Vaghasia00%2025-12-31
Jiten Vrajlal Vaghasia00%2025-12-31
Sachin Govindlal Modi00%2025-12-31
Naliniben Dineshbhai Brahmbhatt00%2025-12-31
Parikh Rajnikant Babulal00%2025-12-31
Imtiyaz Ibrahimbhai Desai00%2025-12-31
Nisha Dipen Patel00%2025-12-31
Dipen Patel00%2025-12-31
Umeshwar Securities Private Limited00%2025-12-31
Vrajlal Jadavji Vaghasia00%2025-09-30
Board of Directors
NameDesignationYear
Vrajlal VaghasiaChairman/ED & CEO2025
Jitenkumar VaghasiaExecutive Director2025
Vinesh Laljibhai BabariaIndependent Non Exe. Director2025
Kantibhai DevaniIndependent Non Exe. Director2025
Daxaben Jitenkumar VaghasiaNon-Exec & Non-Independent Dir2025
Nikunj BhavsarNon-Exec & Non-Independent Dir2025
Hemangi VasoyaCompany Sec. & Compli. Officer2025
Bhavin PatelIndependent Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10544
Corporate Actions
TypeDateValueRemark
split2025-10-171:5face value change from 10 to 2
bonus2025-10-101:11:1 Bonus Issue of Equity Shares
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500000
2025000000
2025000000
Substantial Acquisitions (SAST)

18 disclosure(s)

Market27/03/2026 · 9,13,831
Market20/01/2026 · 2,00,000
Market18/12/2025 · 51,455
Market02/12/2025 · 5,000
Market25/11/2025 · 34,341
Market13/11/2025 · 10,084
Company Information
Incorporated1992
ChairmanVrajlal Vaghasia
AuditorDharit Mehta & Co/Rajendra J Shah & Co
Investor Email[email protected]
🌐 www.narmadadrip.com

📍 Plot No 119-120 Post Santej, Santej-Vadsar Road Taluka-Kalo, Gandhinagar, Gujarat, 382721

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