Analysis: National Standard (India) Limited

BSE:NATIONSTD Engineering - General Market cap: ₹209 cr

What does National Standard (India) Limited do?

  • National Standard (India) Limited is a subsidiary of Lodha Developers Limited (formerly Macrotech Developers Limited), headquartered in Mumbai, India.
  • The company operates as a real estate development entity with no ongoing projects as of FY2024-25, deriving revenue from the sale of inventory from a completed 2018 real estate project.
  • The company voluntarily delisted its equity shares from the Calcutta Stock Exchange effective February 1, 2025.
  • Historically focused on real estate development, with revenue generated from the sale of inventory from a completed project in 2018.
  • No active projects or new business verticals disclosed for FY2024-25.

Growth thesis

National Standard (India) Ltd operates in engineering and manufacturing, potentially focused on industrial equipment or infrastructure projects. Key business lines may include project execution, contract engineering, or specialized component production. Growth hinges on macro-driven demand in infrastructure and industrial sectors, with limited visibility into order-book strength or margin resilience. Over 2-3 years, performance will depend on sustained project execution and broader engineering industry cycles. Execution risks center on cost overruns or delays in project delivery, though specific financial targets or catalysts remain undisclosed in available data.

RS rating: 1 Stage: Stage 4

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