Nilkamal Limited (NILKAMAL) AI Stock Analysis

• Market Cap: ₹23.04B
• Dividend Yield: 1.29%
• Average Volume (3M): 993.00
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.65
• Revenue Growth: 9.42%
• EPS Growth: -4.36%
• Country: IN
• Employees: 3,636
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 10.25
• Shares Outstanding: 14,922,525
• 10 Day Avg. Volume: 115
• 30 Day Avg. Volume: 993
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,696.00
• Price Target Upside: 9.87% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹1,696.00 ▲(9.87% Upside)

Nilkamal Limited's overall stock score reflects its solid financial performance and moderate valuation, offset by weak technical indicators. The company's financial health is stable, but attention is needed on profitability and cash flow management. The lack of earnings call and corporate events data limits further insights.

Nilkamal Limited Business Overview & Revenue Model

Company Description

Nilkamal Limited, together with its subsidiaries, manufactures and sells plastic products primarily in India. It operates in two segments, Plastics; and Lifestyle Furniture, Furnishings and Accessories. The company offers various material handling products, including plastic crates and pallets, insulated ice boxes and fish tubs, waste management tools, road safety products, hospitality solutions, aquaculture fish cages, manhole chambers, ripening solutions, material handling equipment, and metal shelving and racking systems. It also provides homewares and accessories, and ready furniture's; plastic chairs and mattresses; and polyproplyne structured boards, which is used in construction, automotive, steelworks, furniture, F&B, advertising, décor, and logistics industries for protection, packaging, printing, and paneling. The company operated 19 retail stores under the @home brand name, as well as approximately 70 Nilkamal furniture Ideas stores. The company sells its products through retail stores, dealers' outlets and institutions, and online shopping sites. It also exports its products to approximately 30 countries. Nilkamal Limited was founded in 1934 and is headquartered in Mumbai, India.

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: 1543.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1543.7 is below the 20-day moving average (MA) of 1559.36, below the 50-day MA of 1609.48, and below the 200-day MA of 1677.86, indicating a bearish trend. The MACD of -9.80 indicates Negative momentum. The RSI at 42.24 is Neutral, neither overbought nor oversold. The STOCH value of 22.33 is Neutral, 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	67 Neutral	₹23.04B	22.28	―	1.29%	9.42%	-4.36%
KCP	64 Neutral	₹24.67B	13.82	9.60%	0.13%	-9.99%	-6.27%
STOVEKRAFT	62 Neutral	₹22.13B	54.27	8.18%	0.45%	6.84%	19.27%
CARYSIL	58 Neutral	₹23.01B	32.50	12.11%	0.30%	13.19%	7.38%
EVEREADY	57 Neutral	₹28.33B	34.00	17.88%	0.39%	5.32%	16.91%
HIMATSEIDE	50 Neutral	₹14.92B	20.60	3.74%	0.21%	-6.74%	-45.59%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Nilkamal Limited Corporate Events

Nilkamal Limited Announces Cessation of Independent Director

Nilkamal Limited announced the cessation of Mr. K. Venkataramanan as an Independent Director, effective August 14, 2025, following the completion of his second term. The company expressed gratitude for his contributions, indicating a transition in its board composition, which may impact its governance and strategic direction.