₹32.85
■ +0.2
As of 12 May 2026 · delayed
BSE Listed
Novateor Research Laborat (542771)
Volume: 3,000Avg Vol 1W: 4,800Avg Vol 1M: 4,50052W Range:₹20.08₹51.77
Key Ratios
Checked just nowMarket Cap₹20 Cr
Current Price₹32.85
Previous Close₹32.65
High / Low (52w)₹51.77 / ₹20.08
Volume3,000
Avg Vol (1W)4,800
Avg Vol (1M)4,500
Stock P/E193.24
Book Value₹18.51
Dividend Yield0%
ROE87.97%
ROA-22.75%
Revenue (TTM)—
Revenue Growth—
Profit Margin0%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0.17
P/B1.78
Debt / Equity0.11
50 DMA₹35.24
200 DMA—
Day change—
Price Chart
₹32.85▼ 36.55% · 1Y
2025-07-212026-05-12
20-day avg volume: 4K shares
Pros
- Healthy return on equity of 88.0%.
- Company is almost debt-free.
- Revenue grew 92% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 193.
Quarterly Results
| Metric | Mar 2020 |
|---|---|
| Revenue | ₹0 Cr |
| EBITDA | ₹0 Cr |
| Net Profit | ₹0 Cr |
| EPS | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹3 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 |
| EPS | 0.18 | 0.74 | -0.02 | 0.02 | -0.47 | 0.08 | 0.05 | 0.14 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹2 Cr | ₹4 Cr | ₹9 Cr | ₹9 Cr | ₹8 Cr | ₹9 Cr | ₹10 Cr | ₹13 Cr |
| Total Liabilities | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Equity | ₹1 Cr | ₹4 Cr | ₹9 Cr | ₹9 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹11 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹0 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr |
| Investing | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Free Cash Flow | ₹0 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr |
Shareholding
Promoter 50.75% Institutions 0% Public 49.25%
Efficiency & Working Capital
ROCE1.6%
Interest Coverage2.6
Dividend Payout—
Debtor Days273 d
Inventory Days101 d
Payable Days119 d
Cash Conversion Cycle255 d
Working Capital Days374 d
Shareholding Details
As of 2026-03-31
Promoter50.8%
FII0%
DII0%
Institutions0%
Public49.2%
Promoter Pledge0%
No. of Shareholders172
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2020 | Mar 2021 | Sept 2021 | Mar 2022 | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | — | 60.9% | 60.9% | 60.9% | 60.9% | 60.9% | 60.9% | 60.9% | 60.9% | 51.6% | 50.9% | 50.8% |
| FIIs | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | — | 39.1% | 39.1% | 39.1% | 39.1% | 39.1% | 39.1% | 39.1% | 39.1% | 48.4% | 49.1% | 49.2% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 174 | 164 | 146 | 138 | 118 | 113 | 118 | 122 | 160 | 164 | 172 | 172 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Navdeep Subhashbhai Mehta | Shareholding of Promoter and Promoter Group | 24.8% | 15,00,858 |
| Jyotiben Subhashchandra Mehta | Shareholding of Promoter and Promoter Group | 10.9% | 6,59,898 |
| Tejal Navdeep Mehta | Shareholding of Promoter and Promoter Group | 8.4% | 5,07,378 |
| Jitin Jaysukhlal Doshi | Public Shareholding | 8% | 4,86,000 |
| Subhashchandra Maganlal Mehta | Shareholding of Promoter and Promoter Group | 5.9% | 3,57,588 |
| Shah Investor's Home Limited | Public Shareholding | 2.5% | 1,50,000 |
| Preeti Jitin Doshi | Public Shareholding | 2.2% | 1,32,000 |
| Rushabh Jitin Doshi | Public Shareholding | 2.1% | 1,26,000 |
| Jaysukhlal Shantilal Doshi | Public Shareholding | 1.9% | 1,14,000 |
| Navdeep Mehta Huf | Shareholding of Promoter and Promoter Group | 0.6% | 34,830 |
| Shourya Navdeep Mehta | Shareholding of Promoter and Promoter Group | 0.2% | 9,720 |
| Nainaben Ashokbhai Mehta | Shareholding of Promoter and Promoter Group | 0% | 1,458 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Navdeep Mehta Huf | 0 | 0% | 2026-03-31 |
| Navdeep Subhashbhai Mehta | 0 | 0% | 2026-03-31 |
| Subhashchandra Maganlal Mehta | 0 | 0% | 2026-03-31 |
| Jyotiben Subhashchandra Mehta | 0 | 0% | 2026-03-31 |
| Nainaben Ashokbhai Mehta | 0 | 0% | 2026-03-31 |
| Tejal Navdeep Mehta | 0 | 0% | 2026-03-31 |
| Shourya Navdeep Mehta | 0 | 0% | 2026-03-31 |
| Jitin Jaysukhlal Doshi | 0 | 0% | 2026-03-31 |
| Jaysukhlal Shantilal Doshi | 0 | 0% | 2026-03-31 |
| Preeti Jitin Doshi | 0 | 0% | 2026-03-31 |
| Rushabh Jitin Doshi | 0 | 0% | 2026-03-31 |
| Shah Investor's Home Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Navdeep Subhashbhai Mehta | Executive Director / Managing Director / CFO | 2025 |
| Imran Zuber Khan | Independent Non Exe. Director | 2025 |
| Hiral Nischal Bane | Independent Non Exe. Director | 2025 |
| Jitin Jaysukh Doshi | Non Executive Director | 2025 |
| Bhavya Himanshu Doshi | Independent Non Exe. Director | 2025 |
| Anil Tilakraj Arora | Independent Non Exe. Director | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 7 | 5 | 5 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Company Information
Incorporated2011
AuditorH K Shah & Co
Investor Emailcompliancenovateor&gmail.com
📍 B-1001 10th Floor Block-B, Titanium City Center 100ftRoad, Ahmedabad, Gujarat, 380015
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