Is Narmada Agrobase the Best Stock in Its Sector? A Look at the Numbers

Is Narmada Agrobase the best stock in its sector? The stock trades on the NSE at Rs 12 as of 01 October 2026, within its 52-week range of Rs 9.95 to Rs 22.59. Narmada Agrobase Ltd manufactures agrochemical formulations.

Narmada Agrobase sits in the Chemicals sector, and its 6.50% ROE and 27.30x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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About Narmada Agrobase

Narmada Agrobase Ltd manufactures agrochemical formulations. The stock fell close to 3.7 percent during this session, and its thin book value per share means ratios should be treated with some caution. At a market capitalisation of Rs 97 Cr, it is tracked as part of the Chemicals sector on Univest.

Is Narmada Agrobase the Best Stock in Its Sector?

Narmada Agrobase makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 6.50% ROE with a 27.30x P/E against the sector's 36.49x Industry P/E. Narmada Agrobase's 27.30x P/E is below the 36.49x Industry P/E, but a 6.50% ROE is modest and the book value per share is thin, so the ratios should be treated with some caution.

Metric	Narmada Agrobase
CMP (NSE)	Rs 12.24
52-Week High / Low	Rs 22.59 / Rs 9.95
Market Cap	Rs 97 Cr
P/E (TTM) vs Industry P/E	27.30x vs 36.49x
P/B	1.64
ROE	6.50%
EPS (TTM)	Rs 0.47
Dividend Yield	0.00%
Debt to Equity	0.17

Compare Narmada Agrobase Against Other Chemicals Sector Stocks

How Narmada Agrobase Compares Against Its Chemicals Sector Peers

The table below sets Narmada Agrobase against 2 other Chemicals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Narmada Agrobase	97	27.30	6.50%	0.17
NACL Industries	3,115	250.94	2.49%	0.46
Khaitan Chemicals and Fertilizers	478	8.83	22.23%	1.05
Peer average (2 companies)	-	129.88	12.36%	0.76

Against this peer set, Narmada Agrobase's 6.50% ROE is below the 12.36% peer average, and its P/E of 27.30x runs below the peer average of 129.88x. Narmada Agrobase's 27.30x P/E is below the 36.49x Industry P/E, but a 6.50% ROE is modest and the book value per share is thin, so the ratios should be treated with some caution.

What Makes Narmada Agrobase Worth Watching in Chemicals

• Below Industry P/E: A 27.30x P/E against a 36.49x Industry P/E is a discount, though the ROE of 6.50% is modest.
• Low leverage: A debt to equity ratio of 0.17 is comfortable.
• Agrochemical formulation scale: Manufacturing agrochemical formulations gives Narmada Agrobase a position in India's crop protection industry.

Narmada Agrobase Valuation: Is It Justified?

Narmada Agrobase's 27.30x P/E is below the 36.49x Industry P/E, but a 6.50% ROE is modest and the book value per share is thin, so the ratios should be treated with some caution. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Motisons Jewellers the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Narmada Agrobase and other Chemicals sector stocks.

How to Track Narmada Agrobase Before You Invest

Before deciding whether Narmada Agrobase deserves its label as the best stock in its sector for your own portfolio, compare it directly against Chemicals sector peers using the steps below.

1. Open the Univest Screener and search for Narmada Agrobase to view live price, valuation ratios, and peer comparisons within the Chemicals sector.
2. Compare its P/E, P/B, and ROE against other Chemicals sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Narmada Agrobase earns a place in the best stock in its sector conversation on the strength of a 6.50% ROE and a P/E of 27.30x against a 36.49x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Narmada Agrobase the best stock in its sector?

Ans. Narmada Agrobase has a 6.50% ROE and trades at 27.30x P/E against a 36.49x Industry P/E, and compares below the peer average ROE of 12.36% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Narmada Agrobase?

Ans. Narmada Agrobase was trading at Rs 12.24 on the NSE as of 01 October 2026, within its 52-week range of Rs 9.95 to Rs 22.59.

What sector does Narmada Agrobase belong to?

Ans. Narmada Agrobase is classified under the Chemicals sector on Univest.

How does Narmada Agrobase compare to its sector peers on P/E?

Ans. Narmada Agrobase's P/E of 27.30x is below the 129.88x average of the 2 named peers compared in this article.

What is Narmada Agrobase's return on equity?

Ans. Narmada Agrobase reported a return on equity of 6.50%, which is below the 12.36% average of its named peers in this comparison.

Should I invest in Narmada Agrobase based on its sector position?

Ans. Narmada Agrobase's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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