Investor Windfall: Narmada Macplast Proposes Bonus Shares Amid Stellar Growth

Narmada Macplast Drip Irrigation Systems Ltd is set to reward its shareholders with bonus shares, as the company’s board prepares to approve a bonus issue and stock split during its scheduled meeting on July 28, 2025. This move comes on the back of a remarkable financial turnaround and a meteoric rise in stock value.

Key developments from the board announcement:
- The company will consider issuing bonus shares in a specified ratio, yet to be disclosed
- A stock split is also on the agenda, aimed at enhancing liquidity and affordability
- The board will review increasing authorized share capital and amending the Memorandum of Association

Performance snapshot:
- The stock surged from Rs 21.90 in July 2024 to Rs 210.70 in June 2025, marking an 862 percent gain
- For FY 2024–25, revenue jumped 285 percent to Rs 698.40 lakh
- Net profit soared to Rs 539.17 lakh, compared to Rs 0.18 lakh in the previous year

Market sentiment remains bullish, with the stock trading near its 52-week high. Analysts caution that while momentum is strong, profit booking may occur if support levels are breached.

This bonus issue signals confidence in the company’s growth trajectory and aims to broaden investor participation. With a focus on drip irrigation systems and a lean market cap of Rs 76.26 crore, Narmada Macplast is positioning itself as a high-growth microcap in India’s agri-tech space.

Sources: Goodreturns, Business Standard, Economic Times, Sharekhan, Trendlyne, Moneycontrol, BSE filings