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Narmada Macplast Drip Irrigation Systems Ltd (NARMP) Fair Value & Analysis

Industrials · IN · Market cap ₹858M

NM Narmada Macplast Drip Irrigation Systems Ltd NARMP · BSE
Price₹23.68
Fair Value₹7.96
Upside-66.4%
Quality43/100
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Evidence: High Range ₹5.92 – ₹13.17

Fair value as of: Jul 5, 2026

From 15 valuation models · updated today

Share price +15.1% over the past month.

Price vs Fair Value (12 months)

₹32.95 ₹15.32 Fair Value ₹7.96 Jul 2025 Jul 2026

12‑month range ₹15.32 – ₹32.95 · fair‑value band ₹5.92 – ₹13.17 · the ₹23.68 price screens above the ₹7.96 fair value. As of Jul 5, 2026.

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Analysis

Narmada Macplast Drip Irrigation Systems Ltd (NARMP) currently trades at ₹23.68, while our model-based Fair Value estimate is ₹7.96 — implying the stock looks roughly 66.4% overvalued today. We read business quality at 43/100 (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 Jul 5, 2026

Our scenario range runs from ₹5.92 (bear case) to ₹13.17 (bull case); at ₹23.68, the current price sits above that range. The share trades about 31% below its 52-week high and 63% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside — at -66%, NARMP screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹133M
Revenue growth (YoY) +51.1%
Net margin 12.6%
Return on equity 19.6%
Free cash flow −₹3.6M FY2026
P/E ratio 5.1
More key figures
Operating margin 16.2%
EPS (TTM) ₹4.62
EPS growth (YoY) +4.3%
Net debt ₹6.4M FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

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.

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.

Revenue +1.7%/yr
FY22 ₹125M
FY23 ₹100M
FY24 ₹18.1M
FY25 ₹69.8M
FY26 ₹133M
Net income +303.8%/yr
FY22 ₹63.0K
FY23 ₹88.0K
FY24 ₹18.0K
FY25 ₹53.9M
FY26 ₹16.8M

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Cite: Fair Value Calculator (2026). "Narmada Macplast Drip Irrigation Systems Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NARMP

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Frequently asked questions

Is Narmada Macplast Drip Irrigation Systems Ltd (NARMP) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹7.96 versus a price of ₹23.68 — about −66% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NARMP?
Our model-based fair value for Narmada Macplast Drip Irrigation Systems Ltd is ₹7.96 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹23.68.
What is the quality score of NARMP?
Narmada Macplast Drip Irrigation Systems Ltd has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Narmada Macplast Drip Irrigation Systems Ltd (NARMP)?
Narmada Macplast Drip Irrigation Systems Ltd reported trailing-twelve-month revenue of about ₹133M (latest available figure, as of Jul 5, 2026).
What is the net profit margin of NARMP?
The net profit margin of Narmada Macplast Drip Irrigation Systems Ltd is about 12.6%, meaning it keeps roughly 12.6% 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.

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