NILKAMAL

Nilkamal Limited

Plastic products, material-handling solutions and furniture

Consumer Discretionary›Consumer Durables›Consumer Durables›Plastic Products - Consumer

nilkamal.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1757.90
Market cap
2,624 Cr
Stock P/E
21.0
P/B
1.66
Dividend yield
1.1%
ROE (FY26)
7.3%
ROCE (FY26)
10.7%
Operating margin (FY26)
4.9%
Debt / equity (FY26)
0.16
OCF / EBITDA (FY26)
92.9%
OCF / EBITDA (3Y)
89.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Nilkamal makes plastic products for businesses and households, sold through its Material Handling, Furniture and Nilkamalhomes divisions, mostly to business customers and increasingly through its own retail stores and online.

Company snapshot

4thBy market cap

Ranked among 9 companies in Plastic Products - Consumer.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Business to Business
88.5%
756 Cr58 Cr0 Cr
Retail and Ecommerce
11.5%
98 Cr-18 Cr0 Cr

What we see

Positives
  • ✓89% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales776 Cr803 Cr834 Cr743 Cr822 Cr854 Cr894 Cr883 Cr968 Cr962 Cr965 Cr820 Cr
Operating expenses (approx.)714 Cr731 Cr753 Cr686 Cr744 Cr791 Cr809 Cr825 Cr882 Cr872 Cr869 Cr745 Cr
EBITDA62 Cr73 Cr81 Cr56 Cr77 Cr63 Cr85 Cr58 Cr85 Cr90 Cr96 Cr75 Cr
OPM %8.0%9.1%9.8%7.6%9.4%7.4%9.5%6.6%8.8%9.3%9.9%9.1%
Other income6 Cr2 Cr2 Cr4 Cr3 Cr3 Cr2 Cr4 Cr3 Cr4 Cr4 Cr4 Cr
Interest9 Cr10 Cr9 Cr9 Cr10 Cr11 Cr11 Cr11 Cr11 Cr11 Cr11 Cr10 Cr
Depreciation29 Cr29 Cr29 Cr29 Cr30 Cr30 Cr31 Cr34 Cr35 Cr37 Cr37 Cr39 Cr
Profit before tax32 Cr38 Cr48 Cr24 Cr43 Cr28 Cr46 Cr20 Cr45 Cr33 Cr54 Cr34 Cr
Tax %22.5%22.6%25.9%22.6%23.8%22.9%25.9%21.5%25.3%23.0%22.7%27.2%
Net profit25 Cr29 Cr36 Cr18 Cr33 Cr22 Cr34 Cr15 Cr34 Cr25 Cr42 Cr24 Cr
EPS (₹)₹16.76₹19.64₹23.79₹12.25₹21.80₹14.40₹22.87₹10.21₹22.49₹16.93₹27.82₹16.29

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,162 Cr2,161 Cr2,362 Cr2,257 Cr2,092 Cr2,730 Cr3,131 Cr3,196 Cr3,313 Cr3,778 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,930 Cr1,921 Cr2,149 Cr1,976 Cr1,839 Cr2,509 Cr2,823 Cr2,906 Cr3,030 Cr3,449 CrSign in free for the trailing twelve months
EBITDA232 Cr239 Cr213 Cr281 Cr253 Cr221 Cr308 Cr290 Cr282 Cr329 CrSign in free for the trailing twelve months
OPM %10.7%11.1%9.0%12.5%12.1%8.1%9.8%9.1%8.5%8.7%Sign in free for the trailing twelve months
Other income3 Cr4 Cr13 Cr14 Cr16 Cr12 Cr11 Cr13 Cr12 Cr14 CrSign in free for the trailing twelve months
Interest12 Cr13 Cr16 Cr26 Cr24 Cr28 Cr37 Cr37 Cr41 Cr44 CrSign in free for the trailing twelve months
Depreciation51 Cr50 Cr52 Cr94 Cr97 Cr101 Cr113 Cr115 Cr120 Cr142 CrSign in free for the trailing twelve months
Profit before tax178 Cr187 Cr166 Cr182 Cr150 Cr109 Cr177 Cr161 Cr141 Cr152 CrSign in free for the trailing twelve months
Tax %30.1%33.7%29.1%21.6%24.6%23.8%24.3%23.8%-30.1%23.4%Sign in free for the trailing twelve months
Net profit124 Cr124 Cr118 Cr142 Cr113 Cr83 Cr134 Cr122 Cr107 Cr116 CrSign in free for the trailing twelve months
EPS (₹)₹82.11₹82.74₹78.63₹95.21₹75.68₹55.86₹89.76₹81.92₹71.32₹77.45Sign in free for the trailing twelve months
Dividend payout %————6.6%17.9%16.7%24.4%27.9%25.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr
Reserves727 Cr834 Cr926 Cr1,017 Cr1,124 Cr1,187 Cr1,299 Cr1,395 Cr1,472 Cr1,562 Cr
Borrowings83 Cr93 Cr51 Cr48 Cr31 Cr175 Cr189 Cr247 Cr373 Cr256 Cr
Other liabilities261 Cr299 Cr294 Cr470 Cr553 Cr576 Cr572 Cr563 Cr683 Cr683 Cr
Total liabilities1,093 Cr1,248 Cr1,294 Cr1,551 Cr1,724 Cr1,953 Cr2,075 Cr2,221 Cr2,544 Cr2,518 Cr
Fixed assets (net)270 Cr343 Cr397 Cr584 Cr627 Cr687 Cr775 Cr767 Cr930 Cr1,023 Cr
CWIP32 Cr9 Cr14 Cr27 Cr18 Cr26 Cr22 Cr38 Cr75 Cr19 Cr
Investments42 Cr47 Cr51 Cr34 Cr35 Cr35 Cr32 Cr71 Cr47 Cr74 Cr
Loans & advances——9 Cr12 Cr8 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories336 Cr379 Cr393 Cr406 Cr498 Cr661 Cr656 Cr596 Cr689 Cr645 Cr
Trade receivables301 Cr340 Cr309 Cr325 Cr308 Cr314 Cr433 Cr464 Cr462 Cr467 Cr
Cash & bank13 Cr17 Cr13 Cr18 Cr31 Cr65 Cr20 Cr82 Cr139 Cr76 Cr
Other assets99 Cr113 Cr107 Cr144 Cr199 Cr164 Cr137 Cr203 Cr204 Cr214 Cr
Total assets1,093 Cr1,248 Cr1,294 Cr1,551 Cr1,724 Cr1,953 Cr2,075 Cr2,221 Cr2,544 Cr2,518 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity112 Cr120 Cr175 Cr—203 Cr69 Cr190 Cr250 Cr247 Cr306 Cr
Cash from investing-70 Cr-95 Cr-106 Cr—-121 Cr-89 Cr-165 Cr-160 Cr-225 Cr-160 Cr
Cash from financing-38 Cr-20 Cr-73 Cr—-71 Cr60 Cr-71 Cr-32 Cr34 Cr-213 Cr
Net cash flow0.34 Cr4 Cr-4 Cr—13 Cr34 Cr-45 Cr62 Cr57 Cr-63 Cr
Free cash flow (OCF − Capex)30 Cr18 Cr60 Cr—125 Cr-95 Cr-6 Cr94 Cr-23 Cr153 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %22.8%21.0%18.2%19.2%14.8%10.0%14.2%11.9%9.8%10.7%
ROE %16.4%14.5%12.4%13.8%9.9%6.9%10.2%8.7%7.1%7.3%
Debtor days51574853544250535145
Inventory days172185160198233192177166179150
Days payable57835474906461607763
Cash conversion cycle165159153176196170166159152132
OCF / EBITDA %48.1%50.1%81.9%—80.2%31.2%61.6%86.1%87.6%92.9%
OCF / EBITDA % (3 years)——59.3%———59.0%62.1%78.0%89.1%
Debt / equity0.110.110.050.050.030.150.140.180.250.16
Current ratio2.502.523.613.233.152.853.202.792.302.33
Net debt / EBITDA0.30—0.180.10-0.00140.490.550.570.830.55