Narmada Gelatines Share Price & Earnings Call Analysis

₹424.50+0.11% today

Market cap: ₹257 Cr
P/E: 8.11
ROE: 21.81%
PEG: 0.30
Price to sales: 1.14
Debt to equity: 0.06
52W high / low: ₹542 / ₹332
Sales growth (5Y): 9.82%
EBITDA margin: 20.13%
Net profit margin: 13.20%
Promoter holding: 75.00%
Sales (last year): ₹226 Cr

All 12 ratios ↓

Potential multibaggers · Q2 FY27

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Financials of Narmada Gelatine

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Narmada Gelatine

Quarterly Results

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	49.86	43.66	41.59	47.08	49.47	43.22	47.91	48.02	49.77	45.77	51.21	56.73	61.70
Expenses +	43.18	37.57	37.71	42.38	42.85	37.93	42.68	41.44	42.29	38.25	41.86	46.06	47.94
Operating Profit	6.68	6.09	3.88	4.70	6.62	5.29	5.23	6.58	7.48	7.52	9.35	10.67	13.76
OPM %	13.40%	13.95%	9.33%	9.98%	13.38%	12.24%	10.92%	13.70%	15.03%	16.43%	18.26%	18.81%	22.30%
Other Income +	0.19	0.27	0.39	0.45	0.50	0.56	0.77	0.29	0.03	0.04	0.55	0.05	0.14
Interest	0.11	0.09	0.09	0.05	0.03	0.03	0.27	0.55	0.36	0.24	0.20	0.29	0.29
Depreciation	0.48	0.50	0.51	0.51	0.52	0.52	0.59	0.56	0.55	0.65	0.65	0.65	0.92
Profit before tax	6.28	5.77	3.67	4.59	6.57	5.30	5.14	5.76	6.60	6.67	9.05	9.78	12.69
Tax %	26.43%	24.78%	27.25%	25.49%	25.27%	24.53%	25.49%	25.69%	18.79%	25.34%	28.40%	24.34%	24.51%
Net Profit +	4.62	4.34	2.67	3.42	4.91	4.00	3.83	4.28	5.36	4.98	6.48	7.40	9.58
EPS in Rs	7.64	7.17	4.41	5.65	8.12	6.61	6.33	7.07	8.86	8.23	10.71	12.23	15.84

Financials of Narmada Gelatine

Profit & Loss

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	134	131	113	118	126	134	135	157	191	182	189	215
Expenses +	113	120	109	112	116	120	127	143	171	161	164	174
Operating Profit	21	11	4	5	9	14	8	15	20	21	25	41
OPM %	16%	8%	3%	5%	7%	11%	6%	9%	10%	12%	13%	19%
Other Income +	4	3	6	4	5	6	6	3	2	2	2	1
Interest	0	0	0	0	0	0	0	0	0	0	1	1
Depreciation	1	1	1	1	1	1	1	2	2	2	2	3
Profit before tax	23	13	8	8	13	18	11	15	20	21	23	38
Tax %	34%	36%	27%	5%	24%	28%	26%	20%	23%	26%	24%	26%
Net Profit +	16	8	6	8	10	13	8	12	15	15	17	28
EPS in Rs	25.62	13.70	10.10	13.29	16.63	21.29	13.98	20.40	25.26	25.34	28.45	47.01
Dividend Payout %	14%	29%	40%	30%	60%	47%	72%	49%	396%	39%	35%	0%

Financials of Narmada Gelatine

Balance Sheet

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	98	103	112	118	125	130	133	139	88	103	113	119
Borrowings +	1	2	0	0	2	0	0	0	0	0	13	12
Other Liabilities +	15	17	21	16	22	24	26	25	23	25	27	25
Total Liabilities	120	128	140	140	155	161	165	170	117	134	159	162
Fixed Assets +	23	23	22	25	24	26	29	27	28	27	33	33
CWIP	0	0	0	0	1	2	0	0	0	0	7	8
Investments	27	34	45	53	68	65	50	48	4	10	41	41
Other Assets +	70	72	73	62	61	69	85	94	85	97	78	80
Total Assets	120	128	140	140	155	161	165	170	117	134	159	162

Financials of Narmada Gelatine

Cash Flows

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	6	7	7	9	12	5	3	2	14	15	17	25
Cash from Investing Activity +	-0	-7	-2	-2	-5	-4	6	10	44	-12	-29	-13
Cash from Financing Activity +	-3	-2	-5	-3	-1	-9	-7	-6	-67	-0	5	-12
Net Cash Flow	3	-2	0	4	6	-8	2	6	-9	2	-6	-0
Free Cash Flow	6	6	7	4	11	1	-0	2	12	13	2	15
CFO/OP	66%	99%	246%	208%	152%	58%	96%	42%	101%	90%	92%	79%

Financials of Narmada Gelatine

Ratios

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	41	47	52	59	56	55	48	36	37	44	48
Inventory Days	194	169	192	144	144	166	166	185	152	161	155
Days Payable	21	23	52	40	62	63	62	57	42	50	57
Cash Conversion Cycle	214	193	193	163	138	158	152	164	147	155	146
Working Capital Days	117	120	146	127	95	108	115	119	97	103	88
ROCE %	21%	12%	4%	5%	7%	11%	5%	10%	16%	20%	20%