Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · NATIONAL GENERAL INDUSTRIES LT · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
NATIONAL GENERAL INDUSTRIES LT
BSE: 531651
BSE: 531651
Industrials › Capital Goods › Industrial Products › Iron & Steel Products
NATIONAL GENERAL INDUSTRIES LT
StateQ1 FY27 filed
Last close · 28 Oct 2026₹58.37
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA18.4 · 0.76 · 27.1
NATIONAL GENERAL INDUSTRIES LT is a Industrial Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 18 | 13 | 13 | 10 | 9 |
| EBITDA (ex other income) | (0) | (0) | 1 | 0 | (2) |
| margin % | (2.2) | (3.3) | 9.2 | 0.5 | (22.3) |
| Owners' profit | 0 | 0 | 3 | 1 | (0) |
| EPS, as reported (₹) | 0.22 | 0.48 | 6.41 | 1.99 | (0.93) |
| ROE % · ROCE % | 0.3 · 0.9 | 0.7 · 1.1 | 8.7 · 9.1 | 2.6 · 3.4 | (1.3) · (1.0) |
| Debt / equity (x) | 0.08 | 0.05 | 0.04 | 0.01 | 0.03 |
| Cash from operations | 0 | 1 | 2 | (0) | (1) |
| Capex | (0) | (0) | (1) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NATIONAL GENERAL INDUSTRIES LT · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 3 |
| Profit before tax | 0 | 0 | 0 | (0) | (0) | 0 | (0) | 1 |
| Net profit | 0 | 0 | 0 | (0) | (0) | 0 | (0) | 1 |
| EPS (₹) | 0.52 | 0.43 | 0.66 | (0.53) | (0.44) | 0.33 | 0.23 | 3.06 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Steel | 9 | 81.7 |
| Others | 2 | 18.3 |
| Total, before eliminations | 11 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 67,533 | 29.2 | 7.18 | 28.8 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 60,250 | 49.0 | 11.38 | 31.4 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 31,861 | 28.4 | 2.58 | 12.9 | 8.6 | 11.4 | 24.1 | 14.9 |
| RATNAMANI MET & TUB LTD. | 16,161 | 37.3 | 3.84 | 18.9 | 12.7 | 15.6 | 14.4 | 18.5 |
| JINDAL SAW LIMITED | 15,396 | 23.5 | 1.25 | 8.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| USHA MARTIN LTD. | 14,152 | 27.9 | 4.29 | 18.6 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,005 | 29.9 | 3.92 | 17.3 | 14.6 | 16.8 | 34.4 | 17.8 |
| GODAWARI POW & ISP LTD | 12,751 | 14.9 | 2.18 | 9.7 | 13.7 | 17.0 | 5.7 | 21.0 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.4 | 15.4 | 61 of 105 | 42% |
| P/B | 0.8 | 1.5 | 21 of 101 | 80% |
| ROCE | (1.1) | 9.1 | 102 of 115 | 11% |
| ROE | (1.3) | 8.6 | 94 of 103 | 9% |
| Debt / Equity | 0.0 | 0.2 | 24 of 101 | 77% |
| EBITDA margin | 27.5 | 11.0 | 13 of 100 | 88% |
| Revenue growth | 98.4 | 13.7 | 9 of 97 | 92% |
| Profit growth | 386.8 | 29.3 | 10 of 105 | 91% |
| Market cap | 28 | 216 | 92 of 122 | 25% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NATIONAL GENERAL INDUSTRIES LT · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Compliance certificate under SEBI DP Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · All 6 resolutions at 40th AGM passed with 99.99% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 40th AGM proceedings - six resolutions considered | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · 40th AGM proceedings - 6 resolutions including related party approvals | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Trading window closed ahead of Q2 FY27 results | compliance | minimal | — | — |
| 29 Sept 2026 · KYC updation reminder sent to physical shareholders | compliance | minimal | — | — |
| 11 Sept 2026 · Newspaper ad for 40th AGM, book closure from 25 Sep 2026, e-voting 26-29 Sep 2026 | compliance | minimal | — | — |
| 10 Sept 2026 · AGM 2026 E-Voting Cut-Off and Schedule Announced | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Book Closure Notice for 40th AGM on 30 September 2026 | corporate actions | medium | — | — |
| 4 Sept 2026 · Annual Report FY26 and 40th AGM notice with related party transactions | compliance | minimal | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in