Stock In Spotlight Near 52-WK-High: Narmada Macplast Set To Shower Investors With Bonus Shares And Stock Split

The main business activity of Narmada Macplast Drip Irrigation Systems Ltd. is the trading of drip irrigation systems. From a 52-week low of Rs 21.90 on July 25, 2024, to a 52-week high of Rs 210.70 on June 6, 2025, the stock has had an outstanding performance over the previous 12 months. This is a significant rise of about 862% in less than a year. After the Board said that they will meet shortly to discuss and approve bonus shares and a stock split, the stock, which has a market value of Rs 76.26 Cr, is now trading close to its one-year high of Rs 210.50 per share.

Narmada Macplast Drip Irrigation Systems Upcoming Board Meeting

"This is to inform you that pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that a meeting of Board of Directors of the Company is scheduled to be held on Monday, 28th July, 2025, inter alia, to consider the following businesses: 1. To consider the sub-division/ split of equity shares of the Company. 2. To recommend the proposal for issuance of Bonus shares. 3. To consider a proposal for Increase in the authorized share capital of the Company and subsequent alteration to the Memorandum of Association of the Company. 4. Other businesses," said Narmada Macplast in a stock exchange filing.

Narmada Macplast Drip Irrigation Systems Financials

As per Business Standard, the company reported revenue of Rs. 247.39 lakh for the March 2025 quarter, which was 624.4% higher than the Rs. 34.15 lakh for the same quarter the year before. In contrast to the net loss of Rs. 3.06 lakh during the same period previous year, Narmada Macplast reported a net profit of Rs. 43.17 lakh for Q4FY25. For the financial year 2024-25, revenue soared by 285% to Rs. 698.40 lakh, compared to Rs. 181.27 lakh in the financial year 2023-24. The company's net profit for the year was Rs. 539.17 lakh, which is more than 3,000-fold higher than the Rs. 0.18 lakh it reported the year before.

Narmada Macplast Drip Irrigation Systems is yet to declare its financial results for the quarter ended in 30th June 2025 or Q1FY26.

Narmada Macplast Drip Irrigation Systems Target Price

"Narmada Macplast stock price is bullish but also slightly overbought on the Daily charts with next resistance at 212. Investors should be booking profits at current levels as a Daily close below support of 191 could lead to a target of 170 in the near term," commented A R Ramachandran, independent research analyst.

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