National Standard (India) Limited
₹102.10-₹4.30 (-4.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,856 Cr
- P/E
- 351.0x
- EV / EBITDA
- 190.1x
- Revenue
- ₹22.0 Cr
- Net margin
- 71.4%
- ROCE
- 1.2%
Price chart
Technical chartScreen technicals →-94.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.2%
- 3M
- -61.2%
- 6M
- -92.4%
- 1Y
- -94.1%
- 5Y
- -99.2%
52-week range
Day change -₹4.30 (-4.0%) from ₹106 to ₹102 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NATIONSTD, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 33.2%
Concerns1
- Low return on equity of 5.8%
Rule-based from financial data. Not advice.
About the company
National Standard (India) Limited engages in the real estate development business in India. The company was formerly known as National Standard Duncan Limited. National Standard (India) Limited was incorporated in 1962 and is based in Mumbai, India. National Standard (India) Limited operates as a subsidiary of Macrotech Developers Limited.
- Sector
- Construction & Real Estate
- Shares outstanding
- 2.0 Cr shares
- ISIN
- INE166R01015
- BSE code
- 504882
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,856 Cr
- P/E
- 351.0x
- P/B
- 13.9x
- EV / EBITDA
- 190.1x
- EV / Sales
- 181.1x
- P/S
- 183.6x
- Earnings yield
- 0.3%
- 52-week high
- ₹2,165.20
- 52-week low
- ₹102.00
Profitability
- Operating margin
- 14.3%
- Net margin
- 71.4%
- EBITDA margin
- 95.2%
- ROE
- 5.8%
- ROCE
- 1.2%
- ROA
- 5.6%
- Dividend payout
- 0.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 85.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹22.0 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 33.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹20.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 66.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -13.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹1.00 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -107.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.9%
Solvency and efficiency
- Current ratio
- 33.50
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Financial leverage
- 1.03
- CFO / Net profit
- -0.07
- Cash / Market cap
- 7.0%
- Cash per share
- ₹134.00
- Asset turnover
- 0.08
- Debtor days
- 19 days
- Cash conversion cycle
- 19 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹22 Cr |
| Expenses | ₹22 Cr |
| Operating profit | ₹0 Cr |
| Other income | ₹18 Cr |
| Interest | ₹0 Cr |
| Depreciation | ₹0 Cr |
| Profit before tax | ₹18 Cr |
| Tax and other | ₹5 Cr |
| Net profit | ₹13 Cr |
Revenue and net profit
Revenue grew 4.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹17 Cr | ₹11 Cr |
| FY2022 | ₹25 Cr | ₹25 Cr |
| FY2023 | ₹17 Cr | ₹8 Cr |
| FY2024 | ₹21 Cr | ₹15 Cr |
| FY2025 | ₹22 Cr | ₹13 Cr |
Cash flows
FY2025: -₹8.00 Cr from operations, ₹0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1 Cr | -₹2 Cr |
| FY2022 | ₹3 Cr | ₹1 Cr |
| FY2023 | ₹13 Cr | -₹1 Cr |
| FY2024 | -₹1 Cr | ₹0 Cr |
| FY2025 | -₹8 Cr | ₹0 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹22 Cr+4.8%1Y
- Net profit
- ₹13 Cr-13.3%1Y
- Cash from operations
- -₹8 Cr
- Free cash flow
- ₹0 Cr
- Revenue CAGR, 5Y
- 33.2%
- EBITDA CAGR, 5Y
- 20.1%
- Net profit CAGR, 5Y
- 16.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹22 Cr | ₹0 Cr | — | ₹13 Cr | -₹8 Cr | ₹0 Cr | 4.8% | +4.8% | -13.3% |
Monthly returns
Month-by-month returns of NATIONSTD across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹277 Cr |
| Equity capital | ₹20 Cr |
| Reserves | ₹252 Cr |
| Borrowings | ₹0 Cr |
| Other liabilities | ₹5 Cr |
| Assets | ₹277 Cr |
| Fixed assets | ₹0 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹277 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NATIONSTD trades at 351.0x earnings against a peer median of 55.8x (a 529% premium).
Not shown (no positive earnings and no EV / Sales): INDIQUBE SPACES LIMITED, Hemisphere Properties India Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| National Standard (India) LimitedNATIONSTDthis companyP/E ↑ premium | ₹3,856 Cr | 351.0x | 13.9x | 5.8% | 190.1x |
| INDIQUBE SPACES LIMITEDINDIQUBE | ₹4,313 Cr | — | 7.8x | -264.7% | 27.6x |
| J. Kumar Infraprojects LimitedJKIL | ₹4,186 Cr | 10.3x | 1.3x | 12.5% | 5.5x |
| Optiemus Infracom LimitedOPTIEMUS | ₹4,126 Cr | 179.0x | 6.4x | 5.9% | 112.3x |
| Hemisphere Properties India LimitedHEMIPROP | ₹3,891 Cr | — | 8.9x | -2.8% | -676.2x |
| Ajmera Realty & Infra India LimitedAJMERA | ₹3,588 Cr | 29.8x | 3.1x | 10.9% | 24.2x |
| AGI Infra LimitedAGIIL | ₹3,512 Cr | 45.7x | 10.4x | 23.2% | 41.0x |
| Marathon Nextgen Realty LtdMARATHON | ₹3,371 Cr | 18.9x | 1.6x | 14.2% | 14.8x |
| ENVIRO INFRA ENGINEERS LIMITEDEIEL | ₹3,318 Cr | 17.2x | 3.1x | 38.4% | 19.0x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
NATIONSTD since 1 January, against earlier years.
Historical volatility
NATIONSTD's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 10.0% |
| FY2022 | 58.0% |
| FY2023 | 9.0% |
| FY2024 | 16.0% |
| FY2025 | 1.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹22 Cr |
| Costs | |
| Interest | ₹0 Cr |
| Expenses | ₹22 Cr |
| Operating profitOperating Profit | ₹0 Cr |
| Other income and charges | |
| Profit before tax | ₹18 Cr |
| Tax | |
| Net profitNet Profit | ₹13 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹277 Cr |
| Equity capitalEquity Capital | ₹20 Cr |
| Reserves | ₹252 Cr |
| Borrowings | ₹0 Cr |
| Other liabilitiesOther Liabilities | ₹5 Cr |
| AssetsTotal Assets | ₹277 Cr |
| Fixed assetsFixed Assets | ₹0 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹277 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹8 Cr |
| Investing cash flowCash from Investing Activity | ₹8 Cr |
| Financing cash flowCash from Financing Activity | ₹0 Cr |
| Change in cashNet Cash Flow | -₹1 Cr |
Learn while you research
Academy chapters picked for National Standard (India) Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 351.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read