Narmada Macplast Drip Irrigation Systems Surges 5% Ahead of Bonus and Stock Split Record Dates

Ahmedabad, October 8, 2025 – Shares of Narmada Macplast Drip Irrigation Systems Ltd (BSE: 517431) soared by 5% on Wednesday, reaching a new 52-week high and the upper circuit, as investors accumulated the stock ahead of upcoming corporate actions. The bonus issue and share split are lined up for October 10 and 18, respectively.

At 02:15 p.m. IST, the stock was up ₹11.15 or 4.99%, with intraday trades hitting the upper price band of ₹234.65. The counter opened strong at ₹234.00, up from the previous close of ₹223.50, with a turnover of ₹76.59 lakh on light volumes.

Corporate Action Timeline

The company had recently revised the record date for the two corporate actions in accordance with the SEBI (LODR) Regulations (2015). The revised dates, as mentioned before, are now October 10 (Bonus) and October 18 (Split).

Stock Price Movement

The stock currently trades at ₹234.65, marking its 52-week high (low at ₹42.20), indicating strong bullish momentum. With a P/E ratio of 14.68 and EPS of ₹15.98, the valuation appears moderate relative to earnings. Its exceptionally high ROE of 227.96% suggests outstanding profitability; however, the PB ratio of 33.47 indicates overvaluation based on book value. The company’s market capitalisation of ₹85.01 crore positions it as a small-cap player with strong recent growth traction.

Narmada Macplast Drip Irrigation Systems Ltd, incorporated in 1992 and headquartered in Gandhinagar, Gujarat, manufactures and supplies micro-irrigation systems, pipes, and plastic products for agricultural and industrial use. The company is listed under the Plastic Products – Industrial category on the BSE and trades in the XT group (T+1 settlement) segment.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/be769cb2-4e27-4319-aef6-322ad2c66d18.pdf

https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ba47137-8f81-41ee-b07e-3d8b4fa468e3.pdf

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