National Standard (India) Share Price & Earnings Call Analysis

₹104.23+2.69% today

Market cap: ₹208 Cr
P/E: 20.25
ROE: 3.49%
PEG: 3.75
Price to sales: 96.96
Debt to equity: 0.00
52W high / low: ₹2,165 / ₹101
Sales growth (5Y): 3.91%
EBITDA margin: -198.60%
Net profit margin: 47.31%
Promoter holding: 73.94%
Sales (last year): ₹2 Cr

All 12 ratios ↓

National Standard (India) Limited, incorporated in 1962, is presently engaged in the business of Real Estate Development.[1] The Company is a subsidiary of Lodha Developers Ltd. The ultimate holding company is Sambhavnath Infrabuild and Farms Pvt. Ltd.[2]

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

SobhaGood growth
2
Strong growth
1
Man InfraGood growth
3

See all potential multibaggers Where does National Standar rank?

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

Peers

Realty companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Flat	₹12,022 Cr	41.0
2	Sobha	20–40%	Up 2%+	₹12,032 Cr	63.0
3	Man Infra	20–40%	Up 2%+	₹4,311 Cr	19.2
4		20–40%	Up 2%+	₹1,091 Cr	11.9
5		20–40%	Flat	₹1.04L Cr	23.8
6		20–40%	Flat	₹59,882 Cr	22.6

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Financials of National Standar

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

Financials of National Standar

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 +	9.43	0.45	0.52	14.82	5.59	0.03	3.80	15.69	2.81	0.00	17.25	3.17	0.00
Expenses +	8.61	0.75	0.83	12.24	4.12	0.85	1.76	16.66	2.92	2.85	17.61	3.23	2.99
Operating Profit	0.82	-0.30	-0.31	2.58	1.47	-0.82	2.04	-0.97	-0.11	-2.85	-0.36	-0.06	-2.99
OPM %	8.70%	-66.67%	-59.62%	17.41%	26.30%	-2,733.33%	53.68%	-6.18%	-3.91%		-2.09%	-1.89%
Other Income +	2.91	4.13	4.14	4.00	4.25	4.61	4.37	4.15	5.01	4.34	6.19	4.37	4.64
Interest	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00
Profit before tax	3.69	3.83	3.83	6.58	5.72	3.79	6.41	3.18	4.88	1.49	5.83	4.31	1.65
Tax %	26.83%	26.89%	26.63%	25.23%	26.05%	30.34%	24.96%	32.08%	26.43%	33.56%	26.93%	24.59%	29.70%
Net Profit +	2.70	2.80	2.80	4.92	4.22	2.64	4.80	2.15	3.60	0.99	4.26	3.25	1.16
EPS in Rs	1.35	1.40	1.40	2.46	2.11	1.32	2.40	1.08	1.80	0.50	2.13	1.62	0.58

Financials of National Standar

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 +	147.89	184.12	111.34	35.49	13.82	5.39	16.86	25.46	17.35	21.37	22.33	20.42
Expenses +	82.55	94.88	52.05	25.17	18.75	6.20	15.17	10.74	15.86	17.94	22.17	26.68
Operating Profit	65.34	89.24	59.29	10.32	-4.93	-0.81	1.69	14.72	1.49	3.43	0.16	-6.26
OPM %	44.18%	48.47%	53.25%	29.08%	-35.67%	-15.03%	10.02%	57.82%	8.59%	16.05%	0.72%	-30.66%
Other Income +	14.12	21.34	23.21	12.26	11.25	9.46	14.51	19.39	10.58	16.52	18.13	19.54
Interest	12.66	19.21	10.74	5.37	0.29	0.13	0.21	0.08	0.05	0.00	0.00	0.00
Depreciation	0.34	0.03	0.08	0.02	0.02	0.23	0.24	0.12	0.00	0.00	0.02	0.00
Profit before tax	66.46	91.34	71.68	17.19	6.01	8.29	15.75	33.91	12.02	19.95	18.27	13.28
Tax %	36.23%	33.49%	42.22%	35.31%	20.80%	21.23%	29.78%	27.46%	31.36%	26.12%	27.75%	27.26%
Net Profit +	42.38	60.75	41.42	11.12	4.76	6.53	11.05	24.61	8.25	14.74	13.20	9.66
EPS in Rs	21.19	30.38	20.71	5.56	2.38	3.26	5.52	12.30	4.12	7.37	6.60	4.83
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials of National Standar

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	Mar 2026
Equity Capital	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00
Reserves	55.71	116.66	158.08	169.20	173.96	180.49	191.54	216.15	224.40	239.14	252.34	262.00
Borrowings +	149.64	114.29	78.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities +	97.10	110.03	39.38	15.93	11.98	13.77	15.73	9.62	9.05	8.45	4.82	2.87
Total Liabilities	322.45	360.98	296.34	205.13	205.94	214.26	227.27	245.77	253.45	267.59	277.16	284.87
Fixed Assets +	0.21	0.19	0.11	0.08	4.04	4.85	3.44	0.03	0.02	0.02	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets +	322.24	360.79	296.23	205.05	201.90	209.41	223.83	245.74	253.43	267.57	277.16	284.87
Total Assets	322.45	360.98	296.34	205.13	205.94	214.26	227.27	245.77	253.45	267.59	277.16	284.87

Financials of National Standar

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 +	53.58	77.99	-11.75	-19.67	7.14	2.14	1.37	2.89	12.83	-0.98	-8.26	-6.02
Cash from Investing Activity +	-103.69	-20.49	51.40	106.40	-9.04	-0.59	-3.25	-1.56	-13.76	0.96	7.50	17.48
Cash from Financing Activity +	41.85	-50.71	-47.70	-85.87	-0.33	-0.03	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-8.27	6.79	-8.04	0.86	-2.23	1.52	-1.88	1.33	-0.93	-0.02	-0.76	11.46
Free Cash Flow	53.58	77.99	-11.75	-19.66	7.14	2.14	1.37	2.89	12.83	-0.98	-8.26	-6.02
CFO/OP	98%	123%	45%	-37%	-251%	-570%	457%	57%	1,276%	149%	-2,050%	46%

Financials of National Standar

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	68.61	30.59	35.18	74.25	206.80	335.88	75.99	236.69	23.14	18.79	46.75	42.18
Inventory Days												0.00
Days Payable
Cash Conversion Cycle	68.61	30.59	35.18	74.25	206.80	335.88	75.99	236.69	23.14	18.79	46.75	42.18
Working Capital Days	181.08	258.88	574.58	1,891.03	4,877.85	12,619.93	4,201.18	2,887.74	5,002.29	4,296.14	4,334.23	4,713.00
ROCE %	44.78%	46.42%	32.45%	10.11%	3.29%	4.27%	5.83%	15.18%	5.02%	7.92%	6.88%	4.79%

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