Narbada Gems and Jewellery (Delisted) share price

BSE: 519455Consumer Durables

Narbada Gems and Jewellery Limited · Face value ₹10 · Listed Aug 1994

Last traded ₹57.62 on 26 Feb 2026

Delisted on 30 Mar 2026.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Share price history

Daily closes since Feb 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹22 Cr+4.0% on a year ago
Operating profit
₹3.15 Cr+18.2% on a year ago
Net profit
₹1.83 Cr+24.0% on a year ago
Earnings per share
₹0.87+24.3% on a year ago
Operating margin
14.1%
Net margin
8.2%

From revenue to net profit, ₹ crore

  1. Revenue22
  2. Materials and goods−17
  3. Employee costs−1.2
  4. Other expenses−0.9
  5. Operating profit3.2
  6. Depreciation−0.2
  7. Other income+0.2
  8. Finance costs−0.7
  9. Profit before tax2.5
  10. Tax−0.7
  11. Net profit1.8

Narbada Gems and Jewellery results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2025. Results for the quarter to Mar 2026 were due by 30 May 2026, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
19−0.5Mar 23232.5Jun 23200.6Sep 23324.3Dec 239.2−2.3Mar 24232.6Jun 24190.1Sep 24221.5Dec 24220.8Mar 25212.3Jun 25263.0Sep 25221.8Dec 25
Peak revenue ₹32 Cr, quarter to Dec 2023; lowest ₹9.17 Cr, quarter to Mar 2024A loss in 2 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
19.9%−27.8%−1.1%16.2%6.0%19.9%−27.8%17.6%3.8%12.4%8.5%19.0%18.0%14.1%−2.4%11.0%2.7%13.7%−25.5%10.9%0.4%6.9%3.6%11.2%11.4%8.2%Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Dec 25
₹ croreMar 2021Jun 2021Q1Sep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023Jun 2023Q1Filed 10 AugSep 2023Dec 2023Q3Mar 2024Jun 2024Q1Sep 2024Dec 2024Q3Mar 2025Q4Jun 2025Q1Filed 9 AugSep 2025Q2Filed 14 NovDec 2025Q3Filed 3 Feb
Revenue from operations16.210.418.519.512.222.522.029.619.023.220.431.59.223.418.721.521.820.726.322.4
15.49.017.817.211.419.220.928.019.219.519.225.211.719.317.918.820.016.821.619.2
Materials and goods bought14.68.517.116.510.818.319.926.918.018.117.923.39.917.616.317.118.015.119.917.2
Employee costs0.40.30.50.50.40.50.70.80.90.81.01.11.11.01.01.01.10.91.01.2
Other expenses0.40.20.10.20.10.40.30.30.30.60.20.80.70.70.70.70.80.80.70.9
Operating profit before depreciation0.81.40.72.30.83.31.11.5−0.23.81.26.3−2.54.10.72.71.93.94.73.2
Operating margin4.9%13.0%4.0%11.8%6.4%14.7%4.8%5.2%−1.1%16.2%6.0%19.9%−27.8%17.6%3.8%12.4%8.5%19.0%18.0%14.1%
Depreciation and amortisation0.00.00.00.00.00.10.10.10.10.10.10.10.10.10.20.20.20.20.20.2
Other income0.00.10.10.10.10.10.10.20.20.10.00.10.10.00.10.10.0−0.10.00.2
Finance costs0.10.20.10.10.20.20.20.30.60.40.40.50.50.60.60.60.50.60.60.7
One-off items0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Profit before tax0.71.20.72.20.63.11.01.3−0.73.40.75.8−3.03.40.12.01.23.14.02.5
0.20.30.20.60.20.80.30.3−0.20.90.21.5−0.70.80.00.50.40.81.00.7
Tax rate36.9%25.2%25.2%25.2%26.9%25.2%26.2%25.2%–25.2%25.2%25.2%–24.9%32.2%25.2%32.0%25.2%25.3%26.7%
Net profit0.40.90.51.60.42.30.71.0−0.52.50.64.3−2.32.60.11.50.82.33.01.8
Other comprehensive income0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Total comprehensive income0.40.90.51.60.42.30.71.0−0.52.50.64.3−2.32.60.11.50.82.33.01.8
Net margin2.6%8.7%2.7%8.4%3.4%10.3%3.3%3.3%−2.4%11.0%2.7%13.7%−25.5%10.9%0.4%6.9%3.6%11.2%11.4%8.2%
Earnings per share₹0.35₹0.60₹0.33₹1.01₹0.23₹1.22₹0.38₹0.51−₹0.22₹1.20₹0.26₹2.04−₹1.20₹1.21₹0.03₹0.70₹0.37₹1.10₹1.42₹0.87
Diluted earnings per share₹0.28₹0.51₹0.28₹0.90₹0.21₹1.15₹0.33₹0.45−₹0.22₹1.20₹0.26₹2.04−₹1.20₹1.21₹0.03₹0.70–₹1.10₹1.42₹0.87
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
130.5Mar 16120.2Mar 17261.1Mar 18411.48.7Mar 19552.410Mar 20382.011Mar 21613.513Mar 22933.630Mar 23845.124Mar 24854.928Mar 25
Peak revenue ₹93 Cr, year to Mar 2023; lowest ₹12 Cr, year to Mar 2017

Operating and net margin, per cent

  • Operating margin
  • Net margin
11.0%2.0%6.4%5.4%7.4%8.7%8.5%6.1%10.3%11.0%3.9%2.0%4.3%3.5%4.4%5.3%5.7%3.8%6.0%5.7%Mar 16Mar 18Mar 20Mar 22Mar 24Mar 25

Results for the year to Mar 2025

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue85
  2. Materials and goods−69
  3. Employee costs−4.1
  4. Other expenses−3.0
  5. Operating profit9.4
  6. Depreciation−0.6
  7. Other income+0.2
  8. One-off items0.0
  9. Finance costs−2.4
  10. Profit before tax6.6
  11. Tax−1.7
  12. Net profit4.9

What the company owns

  • Inventory₹65 Cr
  • Receivables₹21 Cr
  • Plant, investments and other assets₹6 Cr
  • Cash and bank₹0 Cr
  • Current investments₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹55 Cr
  • Borrowings₹28 Cr
  • Owed to suppliers₹6 Cr
  • Other liabilities₹3 Cr

Profit and loss

Standalone, ₹ crore, years to March.

₹ croreMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue from operations13.111.626.340.655.438.060.693.184.385.4
––24.638.451.334.755.587.475.676.0
Materials and goods bought10.89.722.936.549.132.853.083.169.369.0
Employee costs––0.31.21.51.01.82.94.14.1
Other expenses––1.30.70.80.80.71.32.23.0
Operating profit before depreciation––1.72.24.13.35.25.78.79.4
Operating margin––6.4%5.4%7.4%8.7%8.5%6.1%10.3%11.0%
Materials, % of revenue––87.1%90.0%88.5%86.4%87.3%89.3%82.2%80.8%
Employee costs, % of revenue––1.2%2.9%2.7%2.7%2.9%3.1%4.9%4.8%
Other expenses, % of revenue––5.1%1.7%1.4%2.2%1.2%1.4%2.6%3.5%
Depreciation and amortisation0.00.00.00.10.20.20.20.20.40.6
Operating profit after depreciation––1.72.13.93.15.05.58.38.8
Other income–––0.10.10.20.30.50.30.2
Finance costs––0.10.20.80.60.71.31.82.4
One-off items–––0.00.00.00.00.00.00.0
Profit before tax0.70.31.62.03.32.84.64.76.96.6
0.20.10.50.60.80.71.21.11.81.7
Net profit0.50.21.11.42.42.03.53.65.14.9
Other comprehensive income–––0.00.00.00.00.00.00.0
Total comprehensive income–––1.42.42.03.53.65.14.9
Net margin3.9%2.0%4.3%3.5%4.4%5.3%5.7%3.8%6.0%5.7%
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2016 and Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Earlier years, Mar 2008 to Mar 2015
₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015
Revenue from operations6.92.22.32.97.48.916.216.4
––––6.9–––
Materials and goods bought7.01.41.93.46.59.213.916.3
Employee costs––––0.1–––
Other expenses––––0.1–––
Operating profit before depreciation––––0.5–––
Operating margin––––6.7%–––
Materials, % of revenue––––88.9%–––
Employee costs, % of revenue––––1.1%–––
Other expenses, % of revenue––––1.9%–––
Depreciation and amortisation–––0.00.00.00.0–
Operating profit after depreciation––––0.5–––
Other income0.0––0.0––––
Finance costs––––0.0–––
Profit before tax0.50.10.10.20.50.50.50.5
Tax–––––0.10.10.1
Net profit0.50.10.10.20.50.40.40.4
Net margin6.9%4.5%5.1%5.6%6.7%4.6%2.7%2.5%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2025, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025Half yearFiled 14 Nov
15.620.029.936.644.649.654.559.9
Share capital10.012.115.217.721.221.221.221.2
Reserves5.78.014.718.923.428.533.338.7
8.710.010.912.829.524.527.828.6
9.411.411.516.136.627.237.036.5
0.50.20.01.51.00.30.30.3
Total assets25.531.641.454.182.277.291.896.7
1.21.11.42.14.05.45.65.3
24.330.640.052.078.271.786.391.3
Net debt8.710.09.712.325.924.027.028.1
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2025, after the latest full year: the cash flow over its six months.

₹ croreMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025Half year
−7.1−4.5−14.94.9−0.10.3
−6.4−3.7−13.56.11.71.6
−9.9−9.0−19.5−3.0−7.7−7.3
Receivables−2.32.9−8.213.0−13.1−4.6
Inventories−6.5−15.1−14.4−10.2−1.6−0.9
Payables−1.13.83.6−6.70.00.0
Other working capital0.0−0.6−0.51.07.0−1.8
Tax paid−0.7−0.9−1.5−1.1−1.8−1.2
Capital spending0.20.92.01.10.70.1
Free cash flow−7.3−5.5−17.03.9−0.80.3
−0.1−0.8−1.8−1.1−0.5−0.3
8.14.419.8−6.80.9−0.3
Dividends paid0.00.00.00.00.00.0
Shares bought back0.00.00.00.00.00.0
Shares issued7.84.25.90.00.00.0
Net change in cash0.9−0.83.0−2.90.3−0.3
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Earnings per share₹0.79₹2.28₹1.60₹2.06₹1.68₹2.15₹1.72₹2.45₹2.31
Diluted earnings per share₹0.79₹2.28₹1.31₹2.03₹1.55₹1.83₹1.70₹2.45–
Book value per share––₹15.72₹16.62––––₹25.78
Shareholder yield–––––––0.0%0.0%
Market cap at the year end (₹ crore)––6117–––135106
Book value per share and dividend payout are left blank for the years to Mar 2022, Mar 2023 and Mar 2024: the share count this filing's paid-up capital gives is a whole multiple away from the company's other filings, a slip in the units of the capital, so no count is shown.

Ratios

Standalone, years to March.

RatioMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue growth−20.0%−11.8%127.5%54.1%36.6%−31.4%59.5%53.5%−9.4%1.3%
Operating profit growth–––28.9%87.6%−19.4%56.9%10.2%53.0%7.5%
Net profit growth22.2%−53.8%380.1%27.1%69.0%−16.6%70.4%2.7%43.2%−3.9%
Earnings per share growth––188.6%−29.8%28.8%−18.4%28.0%−20.0%42.4%−5.7%
–––9.2%13.6%8.1%10.4%8.8%10.8%9.4%
––––4.4 pts−5.5 pts2.3 pts−1.6 pts2.0 pts−1.4 pts
From the net margin––––2.2 pts3.0 pts0.6 pts−3.4 pts5.1 pts−0.5 pts
From asset turnover––––2.5 pts−7.7 pts1.9 pts0.5 pts−3.1 pts−0.5 pts
From borrowing––––−0.2 pts−0.8 pts−0.2 pts1.3 pts0.1 pts−0.4 pts
Return on capital employed–––8.6%13.1%7.7%10.1%7.4%11.2%10.6%
Cash conversion–––––−350.5%−130.9%−420.7%96.8%−2.1%
Interest cover––18.19.25.25.17.34.24.73.7
Debt to equity–––0.560.500.360.350.660.490.51
Receivable days–––788414573803288
Inventory days–––148127262266233333342
Payable days–––81032833433
Cash conversion cycle, days–––218201404312279360397
Working capital days–––208191367281261296326
Asset turnover–––1.591.941.041.271.371.061.01
Assets per rupee of net worth–––1.631.601.461.441.681.691.62
Sales per rupee of plant–––38.9558.9445.9951.4073.7820.0319.93
Capital spending to depreciation–––––1.175.799.502.891.19
Plant being built, % of plant in use–––––16.9%46.7%177.7%0.0%0.0%
No balance sheet is on record for the years to Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2025.

Return on assets, latest year
5.8%
Cash from operations against operating profit
−1.1%
Measure10 years5 years3 years
Revenue growth, yearly rate17.9%9.0%12.1%
Profit growth, yearly rate27.9%15.0%12.2%
Return on equity, average–9.5%9.6%
Return on capital employed, average–9.4%9.8%
Operating margin, average–8.9%9.1%
Net margin, average4.5%5.3%5.2%
Asset turnover, average–1.151.14
Cash conversion cycle, days, average–350346
Interest cover, average–5.04.2
Debt to equity, average–0.480.56

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2025.

₹ crore5 years3 yearsLatest year
Cash from operations−21.8−10.1−0.1
Cash from investing−4.3−3.4−0.5
Cash from financing26.513.90.9
Capital spending4.93.80.7
Dividends paid0.00.00.0
Shares bought back0.00.00.0
Shares issued for cash18.05.90.0
Borrowings raised––3.3
Borrowings repaid0.00.00.0

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Piotroski score, out of 9Published threshold 3 points out of 9–––––43366
Altman Z-scorePublished threshold 1.81––––––5.193.835.62–
Beneish M-scorePublished threshold −1.78–––––−0.06−1.47−0.62−3.49−0.77
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–––––25.4418.3029.841.576.52
Cash from operations to profit, 3 yearsPublished threshold 0.7 times–––––––−2.94−1.20−0.75
Receivables growth less revenue growthOur threshold 0 percentage points––––9.5749.69−78.8414.08−54.33176.11
Inventory growth less cost-of-goods growthOur threshold 0 percentage points––––−18.9971.142.72−19.7135.852.94
Other current assets growth less revenue growthOur threshold 5 per cent of revenue––––0.04−1.410.800.54−0.63−0.51
Assets under construction, years of additionsOur threshold 2 years of additions–––––3.621.077.580.000.00
Effective tax ratePublished threshold 17.16 per cent23.0431.6928.4328.0725.6126.3225.3724.3426.1326.32
Tax charged less tax paid, % of profitOur threshold 10 percentage points––––––6.51−7.069.56−1.24
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2025 the company reports one business segment, jewellery, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2025, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−21.7%−5.7%−16.9%0.0%
3 years+7.2%+2.4%+4.7%0.0%
5 years+29.3%+2.7%+25.8%0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Narbada Gems and Jewellery share price by year

Each calendar year to 2025.

YearClose at year endChangeHighest closeLowest close
202564.80+0.5%74.4550.07
202464.50+25.5%97.5945.99
202351.40−14.3%64.0140.99
202260.00+100.0%78.7531.15
202130.00+8.5%48.0523.60
202027.65+10.6%27.6513.00
201925.00−3.8%74.8022.55
201826.00+4.0%36.4517.00
201725.00+233.3%28.207.60
20167.50+66.7%7.592.57
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 10 trading days to 26 Feb 2026, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
26 Feb 202660.3260.3956.9957.6258.021,245
25 Feb 202659.9960.2057.0059.1459.03716
24 Feb 202662.5062.5057.6059.9059.001,634
23 Feb 202659.0064.0058.6661.3060.972,980
20 Feb 202659.3061.1357.1057.5158.902,522
19 Feb 202659.4059.4057.2857.5757.89922
18 Feb 202658.7559.9057.6057.6258.041,370
17 Feb 202659.5859.5858.5158.70–94
16 Feb 202660.9960.9957.6159.6159.891,603
13 Feb 202657.5260.4557.5258.8859.19413
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
28 Mar 2017Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
519455
ISIN
INE540C01021
Industry
Consumer Durables
CIN
L01222TG1992PLC014173
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
3-6-291/4/B, 2nd Floor, Hyderguda, Hyderabad 500029, Telangana
Share registrar
CIL Securities Ltd
Keeps the register of shareholders and handles transfers and dividend payments