Nilkamal Ltd (NILKAMAL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

Nilkamal Share Price

1,387.65 4.95 0.36%
as on 05-Dec'25 12:17

Nilkamal Ltd (NILKAMAL) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

DeciZen - make an informed investing decision on Nilkamal

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Nilkamal stock performance -

Key Ratios
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P/E Ratio (CD):
19.76
Market Cap:
2,063.3 Cr.
52-wk low:
1,111
52-wk high:
2,000

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 good 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 Undervalued 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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 25.7%24.7%22.9%19%20.1%15.4%11%15.1%12.7%10.5%-
Value Creation
Index
0.80.80.60.40.40.1-0.20.1-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9262,0242,1242,3622,2572,0922,7303,1313,1963,3133,599
Sales YoY Gr.-5.1%4.9%11.2%-4.5%-7.3%30.5%14.7%2.1%3.6%-
Adj EPS 77.883.183.375.590.775.555.888.779.671.270
YoY Gr.-6.8%0.2%-9.4%20.2%-16.7%-26.1%59%-10.3%-10.6%-
BVPS (₹) 420.5497.2568.7630.7691.6763.5805.2880.7944.8996.61,010.1
Adj Net
Profit
11612412411313511383.3132119106104
Cash Flow from Ops. 18311212117525220369.1190250247-
Debt/CF from Ops. 0.60.70.80.30.30.22.5111.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.2%8%6.7%3.6%
Adj EPS -1%-4.7%8.5%-10.6%
BVPS10.1%7.6%7.4%5.5%
Share Price 3% -0.8% -10.4% -27.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.218.115.612.613.710.47.110.58.77.37
Op. Profit
Mgn %
12.211.711.59.212.612.28.3109.28.68.1
Net Profit
Mgn %
6.16.25.94.865.43.14.23.73.22.9
Debt to
Equity
0.20.10.10.10.100.20.10.20.30.2
Working Cap
Days
11511811911512314613012713213568
Cash Conv.
Cycle
7579757378898384878437

Recent Performance Summary

Sales growth is good in last 4 quarters at 12.54%

Return on Equity has declined versus last 3 years average to 7.00%

Sales growth has been subdued in last 3 years 6.66%

Net Profit has been subdued in last 3 years 8.45%

Latest Financials - Nilkamal Ltd.

Standalone Consolidated
TTM EPS (₹) 61.5 70
TTM Sales (₹ Cr.) 3,521 3,599
BVPS (₹.) 940.1 1,010.1
Reserves (₹ Cr.) 1,388 1,492
P/BV 1.47 1.37
PE 22.47 19.76
From the Market
52 Week Low / High (₹) 1111.00 / 2000.00
All Time Low / High (₹) 14.00 / 3174.00
Market Cap (₹ Cr.) 2,063
Equity (₹ Cr.) 14.9
Face Value (₹) 10
Industry PE 38.6

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 (%)

Valuation of Nilkamal - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Event Update

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Analyst's Notes

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Key Ratios of Nilkamal

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,9262,0242,1242,3622,2572,0922,7303,1313,1963,313
Operating Expenses 1,6941,7901,8822,1461,9731,8362,5062,8192,9033,028
Manufacturing Costs176181208235237226307332377399
Material Costs1,1111,1641,1941,3921,2471,1771,6611,8851,8461,883
Employee Cost 143155173187191174197222249278
Other Costs 264290307333299259341381430467
Operating Profit 233234242216284256224312294285
Operating Profit Margin (%) 12.1%11.6%11.4%9.1%12.6%12.2%8.2%9.9%9.2%8.6%
Other Income 33413141612111312
Interest 21141618292631404043
Depreciation 555150529497101113115120
Exceptional Items 0000000000
Profit Before Tax 168178187166182150109177161141
Tax 52546348393726433834
Profit After Tax 11612412411814211383134122107
PAT Margin (%) 6.0%6.1%5.8%5.0%6.3%5.4%3.1%4.3%3.8%3.2%
Adjusted EPS (₹)76.482.182.778.695.275.755.989.881.971.3
Dividend Payout Ratio (%)9%13%16%17%16%20%27%22%24%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 6287428499411,0321,1391,2021,3141,4101,487
Share Capital 15151515151515151515
Reserves 6137278349261,0171,1241,1871,2991,3951,472
Minority Interest7777111111
Debt838393514831156170168343
Long Term Debt900444829117160127207
Short Term Debt74839370239941136
Trade Payables112111171134153193221226215297
Others Liabilities 168150128160317360374365427416
Total Liabilities 9981,0931,2481,2941,5511,7241,9532,0752,2212,544

Fixed Assets

Gross Block3273704915958781,0021,1551,3411,4391,706
Accumulated Depreciation5499147196285368460559665770
Net Fixed Assets 273271344399592634695782775936
CWIP 532914271826223875
Investments 44424751343535327147
Inventories305336379393406498661656596689
Trade Receivables269301340309325308314433464462
Cash Equivalents 161420172491682485139
Others Assets 8798109112142140153125194196
Total Assets 9981,0931,2481,2941,5511,7241,9532,0752,2212,544

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 18311212117525220369190250247
PBT 160173180159175148104169151133
Adjustment 78636466108112121143144153
Changes in Working Capital -4-66-67-419-24-130-82-15-6
Tax Paid -51-58-56-46-50-34-25-40-30-33
Cash Flow From Investing Activity -41-70-96-106-152-121-89-165-160-225
Capex -39-79-99-111-92-74-156-180-137-268
Net Investments -12110-15-57609-2934
Others 10735-45107758
Cash Flow From Financing Activity -142-38-20-73-100-7160-71-3234
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -51-27-0529-17-1044480
Interest Paid -21-12-12-16-26-24-28-37-37-41
Dividend Paid -19-8-18-19-43-7-15-22-30-30
Others -51910-90-40-23112-563124
Net Cash Flow -135-4-01140-465856

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.1218.1615.5713.1514.4410.427.1310.658.997.37
ROCE (%)25.6824.722.9118.9820.0515.4210.9515.0712.7110.47
Asset Turnover Ratio2.092.072.042.051.761.391.581.671.591.48
PAT to CFO Conversion(x)1.580.90.981.481.771.80.831.422.052.31
Working Capital Days
Receivable Days46484945465139414848
Inventory Days53545554587273726767
Payable Days34354340425445434450

Nilkamal Ltd Stock News

Nilkamal Ltd FAQs

The current trading price of Nilkamal on 05-Dec-2025 12:17 is ₹1,387.7.
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 04-Dec-2025 the market cap of Nilkamal stood at ₹2,063.3.
The latest P/E ratio of Nilkamal as of 04-Dec-2025 is 22.47.
The latest P/B ratio of Nilkamal as of 04-Dec-2025 is 1.47.
The 52-week high of Nilkamal is ₹2,000 and the 52-week low is ₹1,111.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nilkamal is ₹3,521 ( 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
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