Narmada Agrobase Limited (NSE:NARMADA) Held Back By Insufficient Growth Even After Shares Climb 29%
Dec 21
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Indian (NIFTY) Agricultural Products Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies48
- 7D-4.3%
- 3M-7.2%
- 1Y3.8%
- YTDn/a
Over the last 7 days, the Agricultural Products industry has dropped 4.3%, driven by a pullback from Godrej Agrovet of 5.5%. Meanwhile, Chaman Lal Setia Exports actually outperformed within the industry, gaining 15% in the last week. This takes the industry's 12 month performance to a gain of 3.8%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Indian Agricultural Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ₹373.8b | ₹271.7b | ₹14.2b | 18.4x | 26.3x | 1.4x |
| Tue, 19 Nov 2024 | ₹363.5b | ₹270.2b | ₹14.2b | 19x | 25.5x | 1.3x |
| Thu, 17 Oct 2024 | ₹407.0b | ₹266.3b | ₹13.9b | 22.1x | 29.2x | 1.5x |
| Sat, 14 Sep 2024 | ₹421.0b | ₹267.7b | ₹14.0b | 25.3x | 30x | 1.6x |
| Mon, 12 Aug 2024 | ₹417.8b | ₹264.9b | ₹13.8b | 22.8x | 30.2x | 1.6x |
| Wed, 10 Jul 2024 | ₹401.8b | ₹260.4b | ₹13.2b | 29.6x | 30.4x | 1.5x |
| Fri, 07 Jun 2024 | ₹330.6b | ₹261.3b | ₹13.2b | 26.6x | 25.1x | 1.3x |
| Sun, 05 May 2024 | ₹351.7b | ₹258.1b | ₹13.1b | 29.8x | 26.8x | 1.4x |
| Tue, 02 Apr 2024 | ₹327.1b | ₹256.0b | ₹13.1b | 27x | 25x | 1.3x |
| Thu, 29 Feb 2024 | ₹357.4b | ₹255.4b | ₹13.0b | 29.6x | 27.4x | 1.4x |
| Sat, 27 Jan 2024 | ₹375.3b | ₹253.0b | ₹13.3b | 36x | 28.2x | 1.5x |
| Mon, 25 Dec 2023 | ₹364.6b | ₹252.1b | ₹13.2b | 36x | 27.5x | 1.4x |
| Wed, 22 Nov 2023 | ₹341.0b | ₹250.8b | ₹13.2b | 28.3x | 25.9x | 1.4x |
| Fri, 20 Oct 2023 | ₹340.9b | ₹242.4b | ₹12.8b | 31.3x | 26.6x | 1.4x |
| Sun, 17 Sep 2023 | ₹327.6b | ₹242.4b | ₹12.7b | 33.3x | 25.8x | 1.4x |
| Tue, 15 Aug 2023 | ₹299.1b | ₹243.6b | ₹12.4b | 28.3x | 24.2x | 1.2x |
| Thu, 13 Jul 2023 | ₹296.5b | ₹246.5b | ₹12.7b | 21.4x | 23.4x | 1.2x |
| Sat, 10 Jun 2023 | ₹294.4b | ₹247.5b | ₹12.8b | 25.4x | 23x | 1.2x |
| Mon, 08 May 2023 | ₹307.5b | ₹248.7b | ₹13.8b | 29.2x | 22.3x | 1.2x |
| Wed, 05 Apr 2023 | ₹282.1b | ₹246.5b | ₹13.5b | 23.4x | 20.9x | 1.1x |
| Fri, 03 Mar 2023 | ₹289.0b | ₹246.5b | ₹13.5b | 23.6x | 21.4x | 1.2x |
| Sun, 29 Jan 2023 | ₹319.5b | ₹242.5b | ₹13.2b | 26.4x | 24.2x | 1.3x |
| Tue, 27 Dec 2022 | ₹283.3b | ₹242.2b | ₹12.9b | 26x | 22x | 1.2x |
| Thu, 24 Nov 2022 | ₹279.4b | ₹242.2b | ₹12.8b | 25x | 21.8x | 1.2x |
| Sat, 22 Oct 2022 | ₹286.9b | ₹238.9b | ₹13.7b | 24.7x | 21x | 1.2x |
| Mon, 19 Sep 2022 | ₹298.3b | ₹238.8b | ₹13.7b | 31.1x | 21.8x | 1.2x |
| Wed, 17 Aug 2022 | ₹288.5b | ₹236.6b | ₹13.6b | 29.3x | 21.3x | 1.2x |
| Fri, 15 Jul 2022 | ₹292.6b | ₹225.6b | ₹13.7b | 29.6x | 21.4x | 1.3x |
| Sun, 12 Jun 2022 | ₹300.2b | ₹226.0b | ₹13.7b | 29.2x | 21.9x | 1.3x |
| Tue, 10 May 2022 | ₹297.7b | ₹222.3b | ₹13.6b | 34.4x | 21.9x | 1.3x |
| Thu, 07 Apr 2022 | ₹303.0b | ₹218.7b | ₹13.7b | 37.3x | 22.2x | 1.4x |
| Sat, 05 Mar 2022 | ₹263.7b | ₹218.6b | ₹13.5b | 30.2x | 19.5x | 1.2x |
| Mon, 31 Jan 2022 | ₹295.5b | ₹208.9b | ₹13.8b | 30.8x | 21.4x | 1.4x |
| Wed, 29 Dec 2021 | ₹267.3b | ₹208.0b | ₹13.5b | 31.1x | 19.7x | 1.3x |
Price to Earnings Ratio
19.7x
Current Industry PE
- Investors are relatively neutral on the Indian Agricultural Products industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 24.3x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Agricultural Products industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Agricultural Products compare with similar industries?
| IN Market | -4.25% | |
| Consumer Staples | -2.89% | |
| Food | -3.76% | |
| Agricultural Products | -4.34% | |
| Packaged Foods and Meats | -3.73% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 530307 Chaman Lal Setia Exports | ₹401.20 | 14.8% +₹2.6b | 73.9% | PE17.9x | |
| 540190 Franklin Industries | ₹3.15 | 43.2% +₹274.7m | 48.3% | PE4.9x | |
| 500467 Harrisons Malayalam | ₹303.75 | 4.1% +₹221.5m | 58.6% | PS1.1x | |
| NARMADA Narmada Agrobase | ₹21.01 | 32.9% +₹197.3m | -3.8% | PE26.1x | |
| MGEL Mangalam Global Enterprise | ₹24.40 | 4.3% +₹145.6m | 44.8% | PE13.4x |