Nilkamal Limited (NILKAMAL) AI Stock Analysis

• Market Cap: ₹23.50B
• Dividend Yield: 1.27%
• Average Volume (3M): 392.00
• Price to Earnings (P/E): 22.7
• Beta (1Y): 0.66
• Revenue Growth: 9.42%
• EPS Growth: -4.36%
• Country: IN
• Employees: 3,636
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 10.25
• Shares Outstanding: 14,922,525
• 10 Day Avg. Volume: 449
• 30 Day Avg. Volume: 392
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,860.00
• Price Target Upside: 16.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: ₹1,860.00 ▲(16.94% Upside)

Nilkamal Limited's overall score is driven by its solid financial performance with strong revenue growth and efficient operations. However, declining net profit margins and negative free cash flow are concerns. The stock shows mixed technical signals with moderate valuation metrics, reflecting a balanced but cautious investment outlook.

Nilkamal Limited Business Overview & Revenue Model

Company Description

Nilkamal Limited is a prominent Indian company primarily engaged in the manufacturing and marketing of plastic products and furniture. Established in 1981, the company operates in sectors such as home and office furniture, material handling solutions, and retail. With a well-established brand presence, Nilkamal offers a diverse range of products including molded plastic furniture, storage and material handling solutions, mattresses, and home décor items. The company is known for its innovation, quality, and extensive distribution network across India and international markets.

How the Company Makes Money

Nilkamal Limited generates revenue through the sale of its wide array of plastic and furniture products. The company's primary revenue streams include the sale of molded plastic furniture and material handling solutions to both individual consumers and businesses. Additionally, Nilkamal operates a retail division under the brand @home, which contributes to its earnings by offering home furnishings and décor products. The company's extensive distribution network and partnerships with retailers enhance its market reach and sales volume. Furthermore, Nilkamal's export activities to various international markets also play a significant role in its overall revenue generation.

Nilkamal Limited Financial Statement Overview

Summary

Nilkamal Limited shows solid revenue growth and efficient cost management, evidenced by a 3.64% increase in revenue and a gross profit margin of 43.15%. However, the declining net profit margin and negative free cash flow highlight areas needing improvement.

Income Statement

Nilkamal Limited has demonstrated a solid performance in terms of revenue growth and profitability. The company's revenue increased from 31,963 million in 2024 to 33,127 million in 2025, indicating a growth rate of approximately 3.64%. The Gross Profit Margin stands at around 43.15% and Net Profit Margin at about 3.21% as of 2025, reflecting efficient cost management. However, the Net Profit Margin has decreased compared to the previous year, suggesting a need for improved profitability strategies.

Balance Sheet

The company maintains a stable financial position with a Debt-to-Equity Ratio of approximately 0.36, indicating manageable leverage. The Equity Ratio is around 58.45%, highlighting strong equity financing relative to total assets. Return on Equity (ROE) stands at about 7.16%, which, while positive, suggests room for improvement in generating higher returns for shareholders.

Cash Flow

Nilkamal's cash flow situation presents both strengths and challenges. The Operating Cash Flow to Net Income Ratio is about 2.33, indicating strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is negative due to capital expenditures surpassing operating cash flows, suggesting a need for better cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.13B	33.13B	31.96B	31.31B	27.18B	20.86B
Gross Profit	12.34B	14.29B	6.25B	12.46B	9.88B	8.63B
EBITDA	2.95B	2.82B	3.12B	3.23B	2.36B	2.72B
Net Income	1.07B	1.06B	1.22B	1.34B	833.50M	1.13B
Balance Sheet
Total Assets	25.44B	25.44B	22.21B	20.75B	19.53B	17.24B
Cash, Cash Equivalents and Short-Term Investments	1.41B	1.41B	1.17B	286.18M	791.76M	1.06B
Total Debt	5.31B	5.31B	4.06B	3.51B	3.54B	2.30B
Total Liabilities	10.56B	10.56B	8.10B	7.60B	7.51B	5.83B
Stockholders Equity	14.87B	14.87B	14.10B	13.14B	12.02B	11.39B
Cash Flow
Free Cash Flow	0.00	-228.00M	942.83M	-58.35M	-950.34M	1.25B
Operating Cash Flow	0.00	2.47B	2.50B	1.90B	690.66M	2.03B
Investing Cash Flow	0.00	-2.25B	-1.60B	-1.65B	-888.83M	-1.21B
Financing Cash Flow	0.00	335.68M	-317.00M	-714.53M	595.86M	-706.01M

Nilkamal Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1590.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NILKAMAL, the sentiment is Negative. The current price of 1590.55 is below the 20-day moving average (MA) of 1705.95, below the 50-day MA of 1717.71, and below the 200-day MA of 1729.28, indicating a bearish trend. The MACD of -31.31 indicates Positive momentum. The RSI at 40.51 is Neutral, neither overbought nor oversold. The STOCH value of 8.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NILKAMAL.

Nilkamal Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NILKAMAL	70 Outperform	₹23.50B	22.73		1.27%	9.42%	-4.36%
KCP	66 Neutral	₹25.98B	14.56		0.12%	-9.99%	-6.27%
CARYSIL	65 Neutral	₹22.71B	32.07		0.25%	19.28%	5.52%
STOVEKRAFT	64 Neutral	₹19.73B	48.37		0.42%	6.84%	19.29%
EVEREADY	62 Neutral	₹29.68B	35.63		0.37%	5.32%	16.91%
Sector *	57 Neutral	$3.22B	9.46	-34.32%	2.94%	-25.56%	-353.61%
HIMATSEIDE	47 Neutral	₹15.23B	17.51		0.21%	-2.23%	-39.07%