Nilkamal Ltd - Stock Valuation and Financial Performance

BSE: 523385 | NSE: NILKAMAL | Plastic Products | Small Cap

Nilkamal Share Price

1,843.80 69.45 3.91%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Nilkamal

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Nilkamal stock performance -

mw4me loader
P/E Ratio (CD):
20.56
Market Cap:
2,774.2 Cr.
52-wk low:
1,671.6
52-wk high:
2,800

Is Nilkamal Ltd an attractive stock to invest in?

1. Is Nilkamal Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nilkamal Ltd is a average quality company.

2. Is Nilkamal Ltd undervalued or overvalued?

The key valuation ratios of Nilkamal Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Nilkamal Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Nilkamal Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Nilkamal:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nilkamal Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.1%9.5%17.7%17.1%15.2%13.3%14.8%11.5%8.2%11.1%-
Value Creation
Index
-0.4-0.30.30.20.1-0.10.1-0.2-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7421,8951,9262,0242,1242,3622,2572,0922,7303,1313,191
Sales YoY Gr.-8.8%1.7%5.1%4.9%11.2%-4.5%-7.3%30.5%14.7%-
Adj EPS 31.234.277.883.183.378.690.775.555.888.790.4
YoY Gr.-9.8%127.4%6.8%0.2%-5.7%15.5%-16.7%-26.1%59%-
BVPS (₹) 326.2351.8420.5497.2568.7630.7691.6763.5805.2880.7918
Adj Net
Profit
46.551.111612412411713511383.3132135
Cash Flow from Ops. 17316718311212117525220369.1190-
Debt/CF from Ops. 1.91.30.60.70.80.30.30.22.51-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%8.1%11.5%14.7%
Adj EPS 12.3%1.3%-0.7%59%
BVPS11.7%9.1%8.4%9.4%
Share Price 27.6% 5.3% -1.9% 7.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1010.120.218.115.613.113.710.47.110.510.1
Op. Profit
Mgn %
98.412.211.711.59.212.612.28.3109.6
Net Profit
Mgn %
2.72.76.16.25.9565.43.14.24.2
Debt to
Equity
0.70.40.20.10.10.10.100.20.1-
Working Cap
Days
13211611511813212713615913913768
Cash Conv.
Cycle
87777579868389100909246

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.10%

Sales growth is growing at healthy rate in last 3 years 11.52%

Net Profit has been subdued in last 3 years -0.74%

Sales growth is not so good in last 4 quarters at 5.02%

Latest Financials - Nilkamal Ltd.

Standalone Consolidated
TTM EPS (₹) 77.5 90.4
TTM Sales (₹ Cr.) 3,130 3,191
BVPS (₹.) 866.9 918
Reserves (₹ Cr.) 1,279 1,355
P/BV 2.14 2.02
PE 24.00 20.56
From the Market
52 Week Low / High (₹) 1671.60 / 2800.00
All Time Low / High (₹) 14.00 / 3174.00
Market Cap (₹ Cr.) 2,774
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 33.9

Management X-Ray of Nilkamal:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Nilkamal

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,7421,8951,9262,0242,1242,3622,2572,0922,7303,131
Operating Expenses 1,5851,7381,6941,7901,8822,1461,9731,8362,5062,819
Manufacturing Costs145161182188208235237226307332
Material Costs1,0991,1951,1111,1641,1941,3921,2471,1771,6611,885
Employee Cost 115123143155173187191174197222
Other Costs 226259258283307333299259341381
Operating Profit 157156233234242216284256224312
Operating Profit Margin (%) 9.0%8.2%12.1%11.6%11.4%9.1%12.6%12.2%8.2%9.9%
Other Income 453341314161211
Interest 43332114161829263140
Depreciation 5257555150529497101113
Exceptional Items 0000000000
Profit Before Tax 6671168178187166182150109177
Tax 18205254634839372643
Profit After Tax 485111612412411814211383134
PAT Margin (%) 2.7%2.7%6.0%6.1%5.8%5.0%6.3%5.4%3.1%4.3%
Adjusted EPS (₹)31.533.876.482.182.778.695.275.755.989.8
Dividend Payout Ratio (%)13%13%9%13%16%17%16%20%27%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4875256287428499411,0321,1391,2021,314
Share Capital 15151515151515151515
Reserves 4725106137278349261,0171,1241,1871,299
Minority Interest5677771111
Debt271171838393514831156170
Long Term Debt9344900444829117160
Short Term Debt178127748393702399
Trade Payables10296112111171134153193221226
Others Liabilities 177170168150128160317360374365
Total Liabilities 1,0419699981,0931,2481,2941,5511,7241,9532,075

Fixed Assets

Gross Block7737753273704915958781,0021,1551,341
Accumulated Depreciation4164695499147196285368460559
Net Fixed Assets357306273271344399592634695782
CWIP 2153291427182622
Investments 254442475134353532
Inventories316292305336379393406498661656
Trade Receivables236247269301340309325308314433
Cash Equivalents 26211614201724916824
Others Assets103968798109112142140153125
Total Assets 1,0419699981,0931,2481,2941,5511,7241,9532,075

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 17316718311212117525220369190
PBT 6671160173180159175148104169
Adjustment 959578636466108112121143
Changes in Working Capital 2625-4-66-67-419-24-130-82
Tax Paid -14-24-51-58-56-46-50-34-25-40
Cash Flow From Investing Activity -39-15-41-70-96-106-152-121-89-165
Capex -34-16-39-79-99-111-92-74-156-180
Net Investments -7-2-12112-15-57609
Others 2310733-451077
Cash Flow From Financing Activity -131-151-142-38-20-73-100-7160-71
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -16-64-51-270529-17-1044
Interest Paid -43-33-21-12-12-16-26-24-28-37
Dividend Paid -7-7-19-8-18-19-43-7-15-22
Others -65-47-51910-90-40-23112-56
Net Cash Flow 31-135-401140-46
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.2110.1320.1218.1615.5713.1514.4410.427.1310.65
ROCE (%)13.0313.3825.6824.722.9118.9820.0515.4210.9515.07
Asset Turnover Ratio1.742.012.092.071.851.861.591.281.481.55
PAT to CFO Conversion(x)3.63.271.580.90.981.481.771.80.831.42
Working Capital Days
Receivable Days48444648545051554244
Inventory Days64555354606065797777
Payable Days34303435434042544543

Nilkamal Ltd Stock News

Nilkamal Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nilkamal on 18-Mar-2024 16:59 is ₹1,843.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2024 16:59 the market cap of Nilkamal stood at ₹2,774.2.
The latest P/E ratio of Nilkamal as of 18-Mar-2024 16:59 is 24.00.
The latest P/B ratio of Nilkamal as of 18-Mar-2024 16:59 is 2.14.
The 52-week high of Nilkamal is ₹2,800 and the 52-week low is ₹1,671.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nilkamal is ₹3,130 ( Cr.) .

About Nilkamal Ltd

Nilkamal was launched under the able leadership of first-generation entrepreneurs Vamanrai Parekh (CHAIRMAN of Nilkamal) and Sharad Parekh (Managing Director of Nilkamal). Ever since, Nilkamal has gradually ventured into a multiplicity of businesses that pan across Material Handling Solutions, Ready Furniture, @Home - the brand’s lifestyle home solutions retail chain, Nilkamal Mattrezzz, and Bubbleguard - a material protection solution. Nilkamal is also listed on the National Stock Exchange and Bombay Stock Exchange since 1991.

Business area of company

Brand Nilkamal has become a household name owing to its quality and reach of moulded furniture business across the deepest pockets of the country. Nilkamal has to its credit, of being the world’s largest producer of moulded plastic furniture giving it an edge over competition.

Businesses

  • Nilkamal Furniture
  • Nilkamal Mattrezzz
  • @ Home
  • Nilkamal Bubbleguard
  • Material Handling

Awards

2012-13:

  • Company was awarded with ‘Silver Certificate of Merit Award’ by the Economic Times “Indian Manufacturing Excellence Award” in partnership with Frost and Sullivan for its Puducherry Unit for FY 2013.

2013-14:

  • Company was awarded with ‘Silver Certificate of Merit Award’ by the Economic Times “Indian Manufacturing Excellence Award” in partnership with Frost & Sullivan for its Jammu Unit.
  • The Company was similarly awarded in past for its Puducherry Unit and Gold Certificate of merit with trophy for Sinnar Unit.

2014-15:

  • After receiving the Silver Certificate of Merit and Gold Award under the Indian Manufacturing Excellence category from ‘Frost and Sullivans’ during the past four years for its various units, the Company is successful in grabbing the award for the fifth year in row under the category of “Challengers Award - Emerging Business Trophy - Gold Level” announced by the ‘Frost and Sullivan’s Green Manufacturing Excellence Awards 2015’. The said award is for adopting Green manufacturing practices at its Puducherry unit.
  • The Puducherry unit has also bagged the “First Prize in the Plastics Sector” at the National Energy Conservation Award – 2014, announced by the Ministry of Power, Government of India, for the conservation of Energy.

2015-16:

  • Company constantly strives towards reducing carbon foot prints, energy conservation and preserving the environment by adopting right practices for saving the scarce resources. In recognition of the same, all the Company’s units have been awarded the ISO 50001:2011 EnMS Certifications form TUV-SUD Germany.
  • Further, with its drive to obtain Quality Management and Energy Efficiency, Company has achieved the First prize under the National Award for Energy Conservation from BEE-Government of India for its Hosur Unit.
  • Furthermore, the Company has also received Sustainability 4.0 Believer’s certificate from “Frost and Sullivans” for its Vasona Plant, which certifies that the Company’s business is sustainable.

2016-17:

  • The Company’s Puducherry unit has been awarded the “Energy Efficient Plant” from The Confederation of Indian Industry (CII) during the 17th National Award for Excellence in Energy Management 2016. The said award is in recognition of the energy efficient practices adopted by the Company.
  • Further, continuing the Company’s record of adopting the right practices for optimising the use of resources and energy conservation, this year too Company has bagged the First prize at the National Energy Conservation Award for Plastics Sector 2016 from BEE-Government of India for its Sinnar unit. This is the third consecutive year where the said award has been conferred to the Company.

2017-18:

  • The Company’s Sinnar unit was awarded the “Energy Efficient Plant” by The Confederation of Indian Industry (CII) at its 18th National Award for Excellence in Energy Management 2017.
  • The Company has obtained Environment Management Systems certifications ISO 14001:2004 from TUV-SUD Germany, for all its plants which shows the Company’s commitment and responsibilities towards environmental protection.

2018-19:

  • The Company’s Sinnar unit was awarded the “Energy Efficient Plant” by the Confederation of Indian Industry (CII) at its 19th National Award for Excellence in Energy Management 2018.
  • The Company has also received India Manufacturing Excellence Award issued from “Frost and Sullivans” for its Silvassa Plant, which certifies the enhanced Manufacturing and supply chain Excellence.

2019-20:

  • The Company was awarded the “Asia's most trusted brand Awards 2019” by IBC Info Media Pvt. Ltd, a division of International Brand Consulting Corporation, USA for its furniture business.
  • The Company Puducherry unit was awarded with the “GreenCo Silver,2019” by Confederation of Indian Industry (CII ) – Shorabji Godrej Green Business Centre in recognition of Company's efforts towards adoption of “Green Practices” and being environment friendly which leads to proper management and control of product, process and Systems w.r.t to Conservation of Natural Resources.
  • The Company has also received “India Manufacturing Excellence Award 2019” issued by Frost and Sullivans for its Hosur Unit, which certifies the enhanced Manufacturing and supply chain Excellence.

Milestones

  • 1934: Vrajlal Parekh starts manufacturing metal buttons in a one-machine factory shed measuring 2000 sq. ft.
  • 1950: Vrajlal Parekh’s company buys Windsor machines to start plastics processing - calls company 'National Plastics'
  • 1956: First plastic cut glass modelled on a popular tea glass is made. Becomes instant success
  • 1964: National Plastics full-fledged into household items
  • 1970: National Plastics starts a factory at Powai (Mumbai) to boost manufacture of household items
  • 1981: Nilkamal Plastics is an independent venture run by brothers Vaman & Sharad Parekh
  • 1984: Nilkamal starts the manufacture of crates
  • 1990: Nilkamal starts the manufacture of moulded furniture
  • 1991: Nilkamal starts a plant in western part of India at Sinnar (Maharashtra). Nilkamal goes public.
  • 1994: Nilkamal becomes official supplier of crates to Coca-Cola & Pepsi
  • 1997: Marks the opening of Nilkamal’s several plants north India -- Noida (Uttar Pradesh), south India- Pondicherry (Union Territory), west India- Kharadapada- Silvassa (Union Territory of D & N H)
  • 1999: Nilkamal launches one more plant in west India- Vasona -Silvassa (Union Territory of D & N H)
  • 2001: Nilkamal achieves IS0 9001:2000 certification by TUV-Germany for all of its plants
  • 2002: Nilkamal launches its plant and a joint venture subsidiary company in Bangladesh - 'Nilkamal Padma Plastics'
  • 2005: Nilkamal inaugurates 'at home' -- the complete home solutions store with contemporary readymade knockdown wooden furniture and home accents
  • 2006: Nilkamal enters into a joint venture with BITO Lagertechnik Bittmann Gmbh, Germany to manufacture storage systems in metal in India.
  • 2012: Nilkamal Limited, world’s largest manufacturer of moulded furniture and Asia’s largest plastic processor of moulded products, organized a three day fare in the city last week to create awareness in market about using hygienic containers for storing food.
  • 2018: Nilkamal Material Handling efficaciously participated in India’s biggest poultry event, Paschim Banga Poultry Mela 2018 organised in Kolkata
  • 2020: Nilkamal launches quarantine beds, other special products to support healthcare infra
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.