Nirman Agri Genetics Ltd.

•

nirmanagrigen.comBSE: -NSE: NIRMAN

Market Cap₹ 22 Cr.

Current Price

High / Low₹ 231 / 27

Stock P/E1.3

Book Value₹ 137

Price to Book1.43

Dividend Yield0.00 %

ROCE35.2 %

ROE34.3 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 31.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
Latest quarter profit grew 107.2% YoY, showing strong momentum
Company comfortably covers its interest (1191.6x coverage)
Attractively priced for its growth - PEG of 0.0

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.69x)
Working capital days have increased from 85 to 150 days
Effective tax rate is unusually low at 3.0% - earnings may be flattered
Operating margins have contracted to 11.2% from 25.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriAgriculture

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	KSCL	724.25	14.93	3725.47	0.00	279.84	-14.47	742.50	-13.51	21.77	39.58
2.	VENKEYS	1694.15	347.39	2386.61	0.59	49.99	215.79	1118.38	29.17	11.27	6.18
3.	AVTNPL	92.21	16.76	1404.21	0.87	31.10	156.69	241.22	82.16	14.26	16.56
4.	BSHSL	91.28	33.38	957.87	0.00	14.30	16.56	182.57	19.37	21.19	9.39
5.	REGAAL	85.56	14.73	881.22	0.29	133.28	1369.95	2021.49	719.85	16.91	15.33
6.	MGEL	15.78	11.01	520.04	0.06	8.43	31.00	952.06	10.89	19.37	1.94
7.	NATHBIOGEN	151.67	7.87	288.23	1.32	32.26	-13.46	328.40	15.76	6.89	10.70
8.	MSL	148.50	19.61	163.06	0.00	3.97	1.93	61.84	25.81	12.34	9.28
9.	INDOUS	80.49	31.88	161.40	0.00	3.04	-35.38	32.99	7.21	21.15	12.01
10.	OSWALSEEDS	13.08	9.79	119.64	0.00	12.27	68.60	117.08	19.53	9.88	15.65
11.	NARMADA	14.51	30.64	110.09	0.00	7.54	—	222.63	—	8.94	4.25
12.	NIRMAN	27.50	8.08	22.03	0.00	6.92	107.19	63.00	207.92	35.17	11.62

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	0	0	11	13	19	20	50	62	61	63
	0	0	9	11	16	17	45	55	54	56
Operating Profit	0	0	2	2	3	4	5	7	7	7
OPM %	—	—	18.66%	18.38%	16.99%	17.69%	10.47%	10.86%	11.81%	11.60%
	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before Tax	0	0	2	2	3	3	5	7	7	7
Tax %	—	—	9.71%	9.87%	0.32%	2.91%	3.82%	3.61%	1.75%	3.35%
Net Profit	0	0	2	2	3	3	5	6	7	7
	0.00	0.00	3.12	3.53	5.28	5.60	8.45	8.01	8.40	8.64

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	4	13	29	63	237	237
	4	10	24	52	210	210
Operating Profit	0	3	4	11	27	27
OPM %	1.94%	25.39%	15.25%	18.13%	11.23%	11.22%
	0	0	0	0	0	0
Interest	0	0	0	0	0	0
Depreciation	0	0	0	0	1	1
Profit before Tax	0	3	4	11	26	26
Tax %	25.98%	25.17%	5.93%	4.87%	3.02%	3.09%
Net Profit	0	3	4	10	25	25
EPS	0.00	0.00	10.24	17.46	31.57	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	6.34%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 160%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 115%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -46%
1 Year:: -81%

RETURN ON EQUITY

10 Years:: —
5 Years:: 73%
3 Years:: 31%
Last Year:: 34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0	6	6	8
	3	21	31	102
	1	1	1	0
Trade Payables	1	0	5	1
	1	1	1	1
Total Liabilities	6	30	44	113
	0	1	0	2
	1	5	8	37
	0	0	12	38
Cash & Bank	1	0	2	26
	4	24	22	11
Total Assets	6	30	44	113

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-0	1	0	4	-32
Cash from Investing	0	-0	-21	-2	10
Cash from Financing	1	0	20	-1	46
	1	0	-1	1	24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Dec 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	65.59	66.05	66.05	66.05	57.81	57.96	44.34	44.34
	0.00	0.00	0.00	0.00	0.03	0.04	0.02	0.02
	0.00	0.00	0.00	0.00	0.00	0.00	1.31	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.41	33.95	33.95	33.95	42.16	42.00	54.34	55.65

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for NIRMAN

Loading news…

🤖

AI Stock Analyst

Nirman Agri Genetics Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

KSCL

724.25

14.93

3725.47

0.00

279.84

-14.47

742.50

-13.51

21.77

39.58

VENKEYS

1694.15

347.39

2386.61

0.59

49.99

215.79

1118.38

29.17

11.27

6.18

AVTNPL

92.21

16.76

1404.21

0.87

31.10

156.69

241.22

82.16

14.26

16.56

BSHSL

91.28

33.38

957.87

0.00

14.30

16.56

182.57

19.37

21.19

9.39

REGAAL

85.56

14.73

881.22

0.29

133.28

1369.95

2021.49

719.85

16.91

15.33

MGEL

15.78

11.01

520.04

0.06

8.43

31.00

952.06

10.89

19.37

1.94

NATHBIOGEN

151.67

7.87

288.23

1.32

32.26

-13.46

328.40

15.76

6.89

10.70

MSL

148.50

19.61

163.06

0.00

3.97

1.93

61.84

25.81

12.34

9.28

INDOUS

80.49

31.88

161.40

0.00

3.04

-35.38

32.99

7.21

21.15

12.01

OSWALSEEDS

13.08

9.79

119.64

0.00

12.27

68.60

117.08

19.53

9.88

15.65

NARMADA

14.51

30.64

110.09

0.00

7.54

—

222.63

—

8.94

4.25

NIRMAN

27.50

8.08

22.03

0.00

6.92

107.19

63.00

207.92

35.17

11.62

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Operating Profit

OPM %

—

18.66%

18.38%

16.99%

17.69%

10.47%

10.86%

11.81%

11.60%

Interest

Depreciation

Profit before Tax

Tax %

—

9.71%

9.87%

0.32%

2.91%

3.82%

3.61%

1.75%

3.35%

Net Profit

0.00

3.12

3.53

5.28

5.60

8.45

8.01

8.40

8.64

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

237

210

Operating Profit

OPM %

1.94%

25.39%

15.25%

18.13%

11.23%

11.22%

Interest

Depreciation

Profit before Tax

Tax %

25.98%

25.17%

5.93%

4.87%

3.02%

3.09%

Net Profit

EPS

0.00

10.24

17.46

31.57

—

Dividend Payout %

0.00%

6.34%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

102

Trade Payables

Total Liabilities

113

Cash & Bank

Total Assets

113

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-0

-32

Cash from Investing

-0

-21

-2

Cash from Financing

-1

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2023

Sep 2023

Dec 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

65.59

66.05

57.81

57.96

44.34

0.00

0.03

0.04

0.02

0.00

1.31

0.00

Government

0.00

34.41

33.95

42.16

42.00

54.34

55.65

Nirman Agri Genetics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Nirman Agri Genetics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI