Narmada Gelatines Ltd.
BSE: SHAWGELTIN · Specialty Chemicals · sector
₹405.85BSE close 2026-10-26
Key numbers
Market cap₹246 cr
Price₹405.85
52w high / low₹545 / ₹330
P/E7.0xSector median 22.6x
P/B1.7xSector median 2.6x
Book value₹240.1
Dividend yield2.46%Sector median 0.60%
ROE26.2%Sector median 10.6%
ROCE29.0%Sector median 12.9%
OPM20.8%Sector median 12.1%
Debt / equity0.05xSector median 0.18x
EV/EBITDA5.3xSector median 15.1x
Interest cover47.8x
Current ratio3.59x
Sales growth 3y+4.1%Sector median +5.0%
Profit growth 3y+27.3%Sector median +0.9%
PEG0.26x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4 cr vs borrowings ₹8 cr (FY26): borrowings are higher by ₹4 cr.
- Operating profit covered interest 47.8x in the last 12 months.
- Other income was 1% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹405.85 on 2026-10-26: -25.5% from the 52-week high, +23.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹510.00 · low ₹316.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 50 | 46 | 51 | 57 | 62 | 56 |
| EBITDA | 8 | 8 | 10 | 11 | 14 | 12 |
| OPM % | 16.4% | 16.4% | 20.0% | 18.8% | 23.3% | 20.8% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 6 | 6 | 7 | 8 | 10 | 9 |
| EPS (₹) | 9.98 | 9.89 | 11.39 | 13.89 | 16.88 | 15.43 |
| Revenue YoY | +24.0% | +23.2% | ||||
| Profit YoY | +69.3% | +56.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 157 | 191 | 182 | 189 | 215 | 226 |
| EBITDA | 14 | 20 | 21 | 25 | 45 | 47 |
| Net profit | 12 | 15 | 15 | 18 | 31 | 35 |
| EPS (₹) | 20.41 | 25.26 | 25.34 | 29.79 | 52.05 | 57.59 |
| Revenue growth | +21.6% | -4.9% | +3.9% | +14.0% | – | |
| Profit growth | +23.7% | +0.3% | +17.5% | +74.8% | – | |
| Dividend / share (₹) | – | 110.00 | – | 10.00 | 10.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.1% | – | – |
| Net profit | +27.3% | – | – |
| EPS | +27.3% | – | – |
| Share price | – | +11.0% (2y) | +25.4% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 120 | 145 |
| Borrowings | 13 | 8 |
| Cash & equivalents | 0 | 4 |
| Total assets | 160 | 179 |
| Fixed assets | 33 | 41 |
| Capital work in progress | 7 | 5 |
| Investments | 42 | 45 |
| Receivables | 25 | 29 |
| Inventory | 47 | 49 |
| Payables | 17 | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 17 | 25 |
| Cash from investing | -29 | -13 |
| Cash from financing | 5 | -12 |
| Capex | 15 | 10 |
| Free cash flow | 2 | 15 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 15.0% | 21.7% |
| ROCE % | 18.7% | 27.6% |
| Debtor days | 48 | 49 |
| Inventory days | 155 | 156 |
| Payable days | 57 | 39 |
| Cash conversion cycle (days) | 146 | 166 |
| Working capital days | 89 | 104 |
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| SHAWGELTIN | ₹246 cr | 7.0x | 1.7x | 26.2% | 29.0% | 20.8% | +4.1% | 2.46% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-12 | Dividend | Final Dividend Rs 11.0 |
| 2025-09-15 | Dividend | Final Dividend Rs 10.0 |
| 2024-09-17 | Dividend | Final Dividend Rs 10.0 |
| 2022-12-19 | Dividend | Special Dividend Rs 100.0 |
| 2022-09-14 | Dividend | Dividend Rs 10.0 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | SHAWGELTIN |
| BSE code | 526739 |
| ISIN | INE869A01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.