NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD. (NARMP) Fair Value & Analysis
Industrials · IN · Market cap ₹858M
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 6 days ago
Below-average quality, and screening another 71% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹8.49). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹0.2744 – ₹32.95 · fair‑value band ₹5.03 – ₹8.49 · the ₹23.60 price screens above the ₹6.77 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD. (NARMP) currently trades at ₹23.60, while our model-based Fair Value estimate is ₹6.77, implying the stock looks roughly 71.3% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials 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 MACPLAST DRIP IRRIGATION SYSTEMS LTD. generated revenue of ₹133M at a net margin of 12.6%. Revenue grew 51.1% year over year. It earns a return on equity of 19.6%. Net debt stands at ₹6.4M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹5.03 (bear case) to ₹8.49 (bull case); at ₹23.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -71%, NARMP screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Growth Earnings (₹21.17) versus Asset-Based (₹1.74). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 50
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Narmada Macplast Drip Irrigation Systems Ltd. trades in drip irrigation systems. The company was incorporated in 1992 and is based in Gandhinagar, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD. reported revenue of ₹133M in FY2026 versus ₹125M in FY2022, a compound +1.7%/yr. Reported net income was ₹16.8M in FY2026, compounding +303.8%/yr from FY2022.
NARMP screens 71% overvalued. Compare with Caterpillar Inc →
Peer Group
Farm & Heavy Construction Machinery · 150 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Caterpillar Inc CATR | C$59.54 | C$12.83 | -78% |
| Deere & Company DE | $619.77 | $182.29 | -71% |
| AB Volvo (publ), VOLVA | kr 344.00 | kr 288.08 | -16% |
| PACCAR Inc PCAR | $131.06 | $94.80 | -28% |
| Epiroc AB EPIA | kr 254.50 | kr 144.14 | -43% |
| Sany Heavy Industry Co 600031 | ¥18.91 | ¥20.84 | +10% |
| XCMG Construction Machinery Co 000425 | ¥8.25 | ¥11.79 | +43% |
| Sinotruk (Hong Kong) Limited 3808 | HK$41.42 | HK$53.57 | +29% |
| Ashok Leyland Limited ASHOKLEY | ₹176.40 | ₹117.07 | -34% |
| Yutong Bus Co 600066 | ¥28.69 | ¥42.00 | +46% |
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Frequently asked questions
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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.
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