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Narmada Agrobase Limited (NARMADA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.3B

NA Narmada Agrobase Limited NARMADA · NSE
Price₹36.34
Fair Value₹17.29
Upside-52.4%
Quality56/100
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Evidence: High Range ₹12.18 – ₹21.61

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −0.4% over the past month.

Price vs Fair Value (12 months)

₹43.56 ₹17.39 Fair Value ₹17.29 Jul 2025 Jul 2026

12‑month range ₹17.39 – ₹43.56 · fair‑value band ₹12.18 – ₹21.61 · the ₹36.34 price screens above the ₹17.29 fair value. As of Jul 3, 2026.

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Analysis

Narmada Agrobase Limited (NARMADA) currently trades at ₹36.34, while our model-based Fair Value estimate is ₹17.29 — implying the stock looks roughly 52.4% overvalued today. We read business quality at 56/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Narmada Agrobase Limited generated revenue of ₹784M at a net margin of 4.9%. Revenue grew 16.1% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of ₹2.7M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹784M
Revenue growth (YoY) +16.1%
Net margin 4.9%
Return on equity 6.7%
Free cash flow −₹9.9M FY2026
P/E ratio 34.6
More key figures
Operating margin 2.7%
EPS (TTM) ₹1.02
EPS growth (YoY) -30.0%
Net cash ₹2.7M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Narmada Agrobase Limited manufactures and sells cotton seeds and cattle feeds in India. The company offers cotton seed meal, bleached cotton linters, gwar korma, maize meal, multi grain meal, maize oil cakes, cotton seed oil cakes, cotton linters, poultry feeds, mesh and pellet cattle feed, and delinted cotton seeds. Its products are used for fertilizers and animal feed, as well as various industries, including furniture, paper, yarns, absorbent cotton, etc. The company offers its products under the Churma, and Gaay Chhaap Narmada Pashu Aahar brands. It also exports its products. The company was incorporated in 2013 and is based in Ahmedabad, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Narmada Agrobase Limited reported revenue of ₹784M in FY2026 versus ₹350M in FY2022, a compound +22.4%/yr. Reported net income was ₹38.6M in FY2026, compounding +58.7%/yr from FY2022.

Revenue +22.4%/yr
FY22 ₹350M
FY23 ₹500M
FY24 ₹503M
FY25 ₹657M
FY26 ₹784M
Net income +58.7%/yr
FY22 ₹6.1M
FY23 ₹6.5M
FY24 ₹10.2M
FY25 ₹40.9M
FY26 ₹38.6M

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Frequently asked questions

Is Narmada Agrobase Limited (NARMADA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹17.29 versus a price of ₹36.34 — about −52% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NARMADA?
Our model-based fair value for Narmada Agrobase Limited is ₹17.29 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹36.34.
What is the quality score of NARMADA?
Narmada Agrobase Limited has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Narmada Agrobase Limited (NARMADA)?
Narmada Agrobase Limited reported trailing-twelve-month revenue of about ₹784M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of NARMADA?
The net profit margin of Narmada Agrobase Limited is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.