Narmada Gelatines Ltd.

BSE: SHAWGELTIN526739ISIN INE869A01010

Commodities
Specialty Chemicals

Share price

₹434.30+9.80 (+2.31%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹545.00
52W low: ₹330.00
Off 52W high: -20.31%
1M return: -1.27%
3M return: -13.43%
6M return: +0.49%
1Y return: +27.45%
20D avg volume: 1,895
50 DMA: ₹448.39
200 DMA: ₹428.25

Key ratios Consolidated

Market cap: ₹262.73 Cr
Current price: ₹434.30
52W high / low: ₹545.00 / ₹330.00
Face value: ₹10.00
P/E: 7.54
P/B: 1.81
EPS (TTM): ₹57.57
Book value / share: ₹240.07
ROE: —
ROCE: 27.20%
Operating margin: —
Net margin: —
Debt / equity: 0.05
Net debt: ₹7.78 Cr
Interest cover: 41.43
Dividend yield: 2.53%
Dividend / share (TTM): ₹11.00
Payout: 19.11%
Cash conversion cycle: 111.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q4 FY24
Income statement
	56.37	61.70	56.73	51.21	45.77	49.77	48.02	—
	0.14	0.14	0.05	0.05	0.04	0.03	0.29	—
	56.51	61.84	56.78	51.26	45.81	49.80	48.31	—
	45.56	49.15	47.00	42.71	39.14	43.21	42.55	—
	27.20	29.25	30.13	27.26	25.96	26.42	31.26	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	5.11	4.75	5.94	4.96	4.43	4.23	4.02	—
	0.15	0.29	0.29	0.20	0.24	0.36	0.55	—
	0.76	0.92	0.65	0.65	0.65	0.55	0.56	—
	11.03	10.06	10.34	9.65	9.74	10.19	3.47	—
	10.95	12.69	9.78	8.55	6.67	6.59	5.76	—
	0.00	0.63	0.00	0.91	0.00	0.68	0.00	—
	10.95	13.32	9.78	9.46	6.67	7.27	5.76	—
	2.76	3.05	2.38	2.57	1.69	1.24	1.48	—
	9.33	10.21	8.40	6.89	5.98	6.03	4.42	—
	15.43	16.88	13.89	11.39	9.89	9.98	7.31	—
Key metrics
	11.86	14.53	10.72	10.31	7.56	8.18	6.87	—
	21.00%	23.50%	18.90%	20.10%	16.50%	16.40%	14.30%	—
	16.60%	16.50%	14.80%	13.50%	13.10%	12.10%	9.20%	—
	—	8.80%	—	7.10%	—	5.80%	—	—
	23.20%	24.00%	18.10%	—	—	—	—	—
	56.00%	69.30%	90.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	226.01	215.41	188.92	—
	0.38	0.28	1.65	—
	226.39	215.69	190.57	—
	184.42	178.00	167.79	—
	113.84	112.60	114.07	—
	0.00	0.00	0.00	—
	20.76	20.08	16.18	—
	0.93	1.02	1.22	—
	2.98	2.87	2.22	—
	41.08	39.79	38.34	—
	41.97	37.69	22.78	—
	1.54	3.55	0.82	—
	43.51	41.24	23.60	—
	10.76	9.69	5.58	—
	34.83	31.49	18.02	—
	57.59	52.05	29.79	—
Key metrics
	47.42	45.13	27.04	—
	20.98%	21.00%	14.30%	—
	15.41%	14.60%	9.50%	—
	—	27.20%	19.00%	—
	—	14.00%	—	—
	—	74.80%	—	—
	—	14.84	2.35	—
	—	0.78	0.95	—
	—	0.05	0.11	—
	—	7.78	12.53	—
	—	111.0	104.8	—
Balance sheet
	—	178.90	160.15	—
	—	85.04	75.47	—
	—	0.11	0.19	—
	—	29.03	24.84	—
	—	48.79	46.57	—
	—	2.18	2.48	—
	—	41.07	32.98	—
	—	12.35	17.19	—
	—	23.67	29.56	—
	—	7.89	12.72	—
	—	3.81	6.69	—
	—	4.08	6.03	—
	—	145.24	120.26	—
Cash flow
	—	24.55	17.05	—
	—	-12.72	-28.91	—
	—	-11.91	5.43	—
	—	9.71	14.70	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	56.37	61.70	56.73	51.21	45.77	49.77	48.02	47.91	43.22	—
	0.14	0.14	0.05	0.55	0.04	0.03	0.29	0.77	0.56	—
	56.51	61.84	56.78	51.76	45.81	49.80	48.31	48.68	43.78	—
	45.56	49.15	47.00	42.71	39.14	43.20	42.55	43.54	38.48	—
	27.20	29.25	30.13	27.26	25.96	26.42	31.26	29.65	26.74	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	5.11	4.75	5.94	4.96	4.43	4.23	4.02	3.89	4.03	—
	0.15	0.29	0.29	0.20	0.24	0.36	0.55	0.27	0.03	—
	0.76	0.92	0.65	0.65	0.65	0.55	0.56	0.59	0.52	—
	11.03	10.06	10.34	9.65	9.74	10.18	3.47	2.89	2.90	—
	10.95	12.69	9.78	9.05	6.67	6.60	5.76	5.14	5.30	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	10.95	12.69	9.78	9.05	6.67	6.60	5.76	5.14	5.30	—
	2.76	3.05	2.38	2.57	1.69	1.24	1.48	1.31	1.30	—
	8.19	9.58	7.40	6.48	4.98	5.36	4.28	3.83	4.00	—
	13.54	15.83	12.23	10.71	8.23	8.87	7.07	6.32	6.61	—
Key metrics
	11.86	13.90	10.72	9.90	7.56	7.51	6.87	6.00	5.85	—
	21.00%	22.50%	18.90%	19.30%	16.50%	15.10%	14.30%	12.50%	13.50%	—
	14.50%	15.50%	13.00%	12.70%	10.90%	10.80%	8.90%	8.00%	9.30%	—
	—	8.60%	—	6.90%	—	5.40%	—	—	—	—
	23.20%	24.00%	18.10%	6.90%	5.90%	—	—	—	—	—
	64.50%	78.70%	72.90%	69.20%	24.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	226.01	215.41	188.92	—
	0.88	0.78	1.65	—
	226.89	216.19	190.57	—
	184.42	178.00	167.78	—
	113.84	112.60	114.07	—
	0.00	0.00	0.00	—
	20.76	20.08	16.18	—
	0.93	1.02	1.22	—
	2.98	2.87	2.22	—
	41.08	39.79	38.33	—
	42.47	38.19	22.79	—
	0.00	0.00	0.00	—
	42.47	38.19	22.79	—
	10.76	9.69	5.58	—
	31.65	28.44	17.21	—
	52.31	47.01	28.45	—
Key metrics
	46.38	42.08	26.23	—
	20.52%	19.50%	13.90%	—
	14.00%	13.20%	9.10%	—
	—	25.90%	18.50%	—
	18.04%	14.00%	—	—
	71.54%	65.30%	—	—
	—	14.84	2.35	—
	—	0.86	0.99	—
	—	0.06	0.11	—
	—	7.78	12.53	—
	—	111.0	104.8	—
Balance sheet
	—	174.97	159.33	—
	—	85.04	75.47	—
	—	0.11	0.19	—
	—	29.03	24.84	—
	—	48.79	46.57	—
	—	2.18	2.48	—
	—	41.07	32.98	—
	—	12.35	17.19	—
	—	23.67	29.56	—
	—	7.89	12.72	—
	—	3.81	6.69	—
	—	4.08	6.03	—
	—	141.31	119.44	—
Cash flow
	—	24.55	17.05	—
	—	-12.72	-28.91	—
	—	-11.91	5.43	—
	—	9.71	14.70	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +18.04%
Profit YoY (TTM): +71.54%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 75.00%

Holder	Type	Holding	Previous	Change
Pioneer Jellice India Private Limited	Promoter	40.06%	—	—
Ashok Matches and Timber Industries Private Limited	Promoter	34.94%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%
Narmada Gelatines Ltd. S	263	434.30	8.30	25.90%	+18.04% TTM	+71.54% TTM	+27.45%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Narmada Gelatines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve The Un-audited Standalone ....2 Nov 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (Depositories & Participants) Regulations, 2018, received from M/s. MUFG Intime India Private Limited, the Registrar & Share Transfer Agent of the Company ....9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to SEBI (Prohibition of Insider Trading)Regulations, 2015-Intimation closure of Trading Window from 01st October, 2026 till 48 hours after the Un-audited Financial Results for ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed21 Sep 2026 · Company Update / General
Voting Results and Scrutinizer Report under Regulation 44 of SEBI (LODR) Regulations, 2015 of 65th AGM held on 19th August, 202621 Aug 2026 · AGM/EGM / AGM
Outcomes/Proceedings of the 65th Annual General Meeting held on 19th August, 202619 Aug 2026 · AGM/EGM / AGM
Newspaper Publication of Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026.13 Aug 2026 · Company Update / Newspaper Publication
Board at the meeting held on 12th August, 2026 approved the un-audited financial results for the quarter ended 30th June, 202612 Aug 2026 · Result / Financial Results
Please find enclosed outcome of Board Meeting held on 12th August 2026 for approval of financial results for the quarter ended 30th June 2026.12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Narmada Gelatines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve The Un-audited Standalone ....1 Aug 2026 · Board Meeting / Board Meeting
Enclosed22 Jul 2026 · Company Update / General
Intimation w.r.t Newspaper Publication22 Jul 2026 · Company Update / Newspaper Publication
Please find attached herewith the Annual Report of the Company for the FY 2025-26 together with Notice of the 65th Annual General Meeting to be held on Wednesday, 19th August, 2026.21 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find attached herewith the Annual Report of the Company for the FY 2025-26 together with Notice of the 65th Annual General Meeting to be held on Wednesday, 19th August, 2026.21 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of the 65th Annual General Meeting of the Company is enclosed.21 Jul 2026 · AGM/EGM / AGM
Intimation w.r.t Newspaper Publication21 Jul 2026 · Company Update / Newspaper Publication
Certificate under Reg. 74(5) of SEBI (Depositories & Participants) Regulation 2018, received from M/s MUFG Intime India Private Limited, the Registrar & Share Transfer Agent of the Company ....4 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Advertisement -Notice to shareholders regarding transfer of shares to IEPF Authority, which remain unclaimed for the period of seven years, pursuant to the provisions of Section ....4 Jul 2026 · Company Update / Newspaper Publication
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015- Intimation closure of Trading window from 01st July, 2026 till 48 hours after the Un-audited Financial Results for the ....25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report pursuant to Regulation 24A of SEBI (LODR) Regulations, 2015 for the year ended 31st March, 202626 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Intimation of Newspaper Publication-Extracts of Audited Standalone and Consolidated Financial Results of the Company for the quarter & year ended 31st March, 2026.26 May 2026 · Company Update / Newspaper Publication
The Board at its meeting held on 25th May, 2026 has fixed 19th August, 2026 as the date of 65th Annual General Meeting.25 May 2026 · AGM/EGM / AGM
The Board has fixed 12th August, 2026 as Record date for the payment of Dividend for FY 2025-2625 May 2026 · Corp. Action / Record Date
Intimation for Re-apppointment of Mr. Ashok K Kapur, Managing Director , Mr. Kailasam Krishnamorthy as Non-Executive Independent Director for his second term of 5 consecutive year and Appointment ....25 May 2026 · Company Update / Change in Management
The board declare a dividend at its meeting held on 25th May, 2026 at Rs. 11 per equity share of Rs. 10/- each25 May 2026 · Corp. Action / Dividend
Audited Financial Results for the quarter and year ended 31st March, 202625 May 2026 · Result / Financial Results
The outcome of the Board Meeting held on 25th May 2026 is enclose.25 May 2026 · Board Meeting / Outcome of Board Meeting
Narmada Gelatines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2026 ,inter alia, to consider and approve The Audited Financial Results ....18 May 2026 · Board Meeting / Board Meeting
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015-Change in RTA13 May 2026 · Company Update / Allotment of Warrants
Certificate under Reg. 74(5) of SEBI (Depositories & Participants) Regulations, 20187 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window from April 01, 2026 till 48 hours after the Audited Financial Results for the quarter and year ended 31st March, 2026 are approved by the Board of ....25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the CARE Rating Limited (CARE Edge) has assigned the Credit Rating on Bank Facilities of the Company.6 Mar 2026 · Company Update / Credit Rating
Shareholders are informed that a Special Window is opened for one year from February 05, 2026 to February 04, 2027 for transfer and dematerialization of Physical shares which were sold/purchased ....2 Mar 2026 · Company Update / General
Newspaper Advertisement - Disclosure under Regulation 30 and 47 of of SEBI (LODR) Regulations, 2015, extracts of Un-audited Financial Results for the quarter and nine months ended 31st December, 2025.13 Feb 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Un-audited Financial Results of the Company for the quarter and nine months ended 31st December, 2025 as approved by the Board.12 Feb 2026 · Result / Financial Results
Please find enclosed herewith the Un-audited Financial Results of the Company for the quarter ended 31st December, 2025 as approved by the Board.12 Feb 2026 · Board Meeting / Outcome of Board Meeting
Narmada Gelatines Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve The Un-audited Standalone ....4 Feb 2026 · Board Meeting / Board Meeting
Report on Re-Lodgement of Transfers Request of Physical Shares as of January 06, 2026.17 Jan 2026 · Company Update / General
Certificate under Reg. 74(5) of SEBI (Depositories & Participants) Regulations, 2018 as received from M/s CB Management Services (P) Limited, the Registrar & Share Transfer Agent of the ....7 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window-Declaration of Un-audited Financial Results for the quarter and nine months ended 31st December, 202526 Dec 2025 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 11.0000	12 Aug 2026	12 Aug 2026	—
Final Dividend - Rs. - 10.0000	15 Sep 2025	15 Sep 2025	—
Final Dividend - Rs. - 10.0000	17 Sep 2024	—	—

Board meetings

12 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results