Nirman Agri Genetics Ltd.

29.05-6.14%

2026-08-21

nirmanagrigen.comBSE: -NSE: NIRMAN
Market Cap₹ 26 Cr.
Current Price₹ 31
High / Low₹ 231 / 30
Stock P/E0.0
Book Value₹ 137
Price to Book1.43
Dividend Yield0.00 %
ROCE35.2 %
ROE34.3 %
Face Value₹ 10

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ABOUT

KEY POINTS

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 0.1

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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.KSCL768.9015.853955.150.00279.84-14.47742.50-13.5121.7739.58
2.VENKEYS1502.25308.042116.270.6749.99215.791118.3829.1711.276.18
3.AVTNPL87.1515.841327.160.9231.10156.69241.2282.1614.2616.56
4.REGAAL97.080.00999.860.26133.281369.952021.49719.8516.9115.33
5.BSHSL88.720.00931.000.0014.3016.56182.5719.3721.199.39
6.NATHBIOGEN154.007.99292.661.3032.26-13.46328.4015.766.8910.70
7.INDOUS86.2034.14172.850.003.04-35.3832.997.2121.1512.01
8.MSL145.0019.15159.210.003.971.9361.8425.8112.349.28
9.OSWALSEEDS13.309.96121.660.0012.2768.60117.0819.539.8815.65
10.NARMADA14.440.00110.770.007.54222.638.944.25
11.AGRITECH101.300.0060.170.00-3.6161.180.00-1.10
12.NIRMAN32.359.5025.910.006.92107.1963.00207.9235.1711.62
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022
0
0
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
0
Tax %
Net Profit
0
0
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Mar 2023
0
0
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
0
Tax %
Net Profit
0
0
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
0
Reserves
0
Promoter Pledge %
0.00%
Jun 2023
11
9
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
2
Tax %
9.71%
Net Profit
2
3
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
13
11
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
2
Tax %
9.87%
Net Profit
2
4
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
19
16
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
3
Tax %
0.32%
Net Profit
3
5
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
20
17
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
3
Tax %
2.91%
Net Profit
3
6
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
50
45
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
5
Tax %
3.82%
Net Profit
5
8
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
6
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
62
55
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
7
Tax %
3.61%
Net Profit
6
8
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
61
54
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
7
Tax %
1.75%
Net Profit
7
8
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
63
56
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
7
Tax %
3.35%
Net Profit
7
9
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
8
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
4
4
Operating Profit
0
OPM %
2
Other Income
0
Interest
0
Depreciation
0
0
Tax %
26
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2022
13
10
Operating Profit
3
OPM %
25
Other Income
0
Interest
0
Depreciation
0
3
Tax %
25
Net Profit
3
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Mar 2023
29
24
Operating Profit
4
OPM %
15
Other Income
0
Interest
0
Depreciation
0
4
Tax %
6
Net Profit
4
EPS
10
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2024
63
52
Operating Profit
11
OPM %
18
Other Income
0
Interest
0
Depreciation
0
11
Tax %
5
Net Profit
10
EPS
17
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
17
Mar 2025
237
210
Operating Profit
27
OPM %
11
Other Income
0
Interest
0
Depreciation
1
26
Tax %
3
Net Profit
25
EPS
32
Dividend Payout %
6
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
Minority Interest
0
Share of Associates
0
Adjusted EPS
32
TTM
237
210
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
1
26
Tax %
3
Net Profit
25
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

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:
-42%
1 Year:
-79%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2025

Sep 15

10:1

Mar 2022
Equity Capital
0
3
0
Trade Payables
1
2
Total Liabilities
6
0
1
0
Cash & Bank
1
4
Total Assets
6
Total Debt
1
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
2644.11
Face Value
10.00
Total Debt
1
Net Working Capital
4
Contingent Liabilities
0
Book Value per Share
2644.11
Face Value
10.00
Mar 2023
Equity Capital
6
21
0
Trade Payables
0
2
Total Liabilities
30
1
5
0
Cash & Bank
0
24
Total Assets
30
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
45.22
Face Value
10.00
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
45.22
Face Value
10.00
Mar 2024
Equity Capital
6
31
1
Trade Payables
5
1
Total Liabilities
44
0
8
12
Cash & Bank
2
22
Total Assets
44
Total Debt
1
Net Working Capital
15
Contingent Liabilities
0
Book Value per Share
62.64
Face Value
10.00
Total Debt
1
Net Working Capital
15
Contingent Liabilities
0
Book Value per Share
62.64
Face Value
10.00
Mar 2025
Equity Capital
8
102
0
Trade Payables
1
1
Total Liabilities
113
2
37
38
Cash & Bank
26
11
Total Assets
113
Total Debt
0
Net Working Capital
97
Contingent Liabilities
0
Book Value per Share
137.32
Face Value
10.00
Total Debt
0
Net Working Capital
97
Contingent Liabilities
0
Book Value per Share
137.32
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
-0
Cash from Investing
0
Cash from Financing
1
1
Free Cash Flow
-0
OCF / Net Profit
-4.89
Cumulative 5-Year FCF
0
OCF / Net Profit
-4.89
Cumulative 5-Year FCF
0
Mar 2022
0
Cash from Investing
-0
Cash from Financing
0
0
Free Cash Flow
0
OCF / Net Profit
0.01
Cumulative 5-Year FCF
0
OCF / Net Profit
0.01
Cumulative 5-Year FCF
0
Mar 2023
0
Cash from Investing
-21
Cash from Financing
20
-1
Free Cash Flow
-1
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
Mar 2024
4
Cash from Investing
-2
Cash from Financing
-1
1
Free Cash Flow
4
OCF / Net Profit
0.40
Cumulative 5-Year FCF
0
OCF / Net Profit
0.40
Cumulative 5-Year FCF
0
Mar 2025
-32
Cash from Investing
10
Cash from Financing
46
24
Free Cash Flow
-34
OCF / Net Profit
-1.25
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.25
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021
EPS (₹)
54.70
Book Value (₹)
64.70
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.21
Operating Margin %
1.94%
Net Margin %
1.43%
ROE %
84.54%
ROCE %
7.00%
3.33%
Debtor Days
59
Inventory Days
19
Payable Days
39
38
Debt to Equity (x)
15.33x
Interest Coverage (x)
740.00x
2.81x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
2560.20
Book Value (₹)
2644.11
Dividend per Share (₹)
0.00
Cash EPS (₹)
10.01
Operating Margin %
25.39%
Net Margin %
18.98%
ROE %
189.03%
ROCE %
138.35%
67.38%
Debtor Days
65
Inventory Days
11
Payable Days
26
51
Debt to Equity (x)
0.47x
Interest Coverage (x)
3013.74x
2.82x
Revenue Growth %
252.92%
Operating Profit Growth %
4527.43%
Net Profit Growth %
4580.44%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
6.72
Book Value (₹)
45.22
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.87
Operating Margin %
15.25%
Net Margin %
14.00%
ROE %
27.06%
ROCE %
26.60%
22.38%
Debtor Days
53
Inventory Days
34
Payable Days
11
76
Debt to Equity (x)
0.04x
Interest Coverage (x)
297.22x
4.24x
Revenue Growth %
112.08%
Operating Profit Growth %
27.42%
Net Profit Growth %
56.45%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
17.46
Book Value (₹)
62.64
Dividend per Share (₹)
0.00
Cash EPS (₹)
17.99
Operating Margin %
18.13%
Net Margin %
16.43%
ROE %
32.37%
ROCE %
33.83%
28.08%
Debtor Days
45
Inventory Days
37
Payable Days
21
61
Debt to Equity (x)
0.02x
Interest Coverage (x)
48.93x
3.14x
Revenue Growth %
121.40%
Operating Profit Growth %
163.17%
Net Profit Growth %
159.76%
159.76%
P/E (x)
9.18x
P/B (x)
2.56x
Dividend Yield %
0.00%
9.15x
Mar 2025
EPS (₹)
31.57
Book Value (₹)
137.32
Dividend per Share (₹)
2.00
Cash EPS (₹)
32.37
Operating Margin %
11.23%
Net Margin %
10.69%
ROE %
34.33%
ROCE %
35.17%
32.12%
Debtor Days
38
Inventory Days
35
Payable Days
6
67
Debt to Equity (x)
0.00x
Interest Coverage (x)
1191.59x
32.06x
Revenue Growth %
273.43%
Operating Profit Growth %
132.83%
Net Profit Growth %
143.03%
80.86%
P/E (x)
6.23x
P/B (x)
1.43x
Dividend Yield %
1.02%
4.94x

Shareholding Pattern

Numbers in percentages

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

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Concalls

  • Mar 2025

    TranscriptPPTREC
  • Jul 2024

    TranscriptPPTREC
  • Oct 2023

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