Nilkamal Limited (NILKAMAL) AI Stock Analysis

• Market Cap: ₹20.46B
• Dividend Yield: 1.43%
• Average Volume (3M): 149.00
• Price to Earnings (P/E): 19.6
• Beta (1Y): 0.65
• Revenue Growth: 12.40%
• EPS Growth: -9.69%
• Country: IN
• Employees: 3,636
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 21.30
• Shares Outstanding: 14,922,525
• 10 Day Avg. Volume: 144
• 30 Day Avg. Volume: 149
• PEG Ratio: -1.72
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 0.71
• P/FCF Ratio: -103.66
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹1,487.00 ▲(5.87% Upside)

Nilkamal Limited's overall stock score reflects a solid financial performance with robust revenue growth and efficient operations. However, bearish technical indicators and moderate valuation suggest caution. The company should focus on improving profitability and cash flow management to enhance its financial health.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Market Position

As a market leader in plastic products, Nilkamal benefits from brand recognition and economies of scale, enhancing competitive advantage.

Cash Generation

Strong cash generation relative to net income provides financial flexibility for investments and debt servicing, supporting sustainable growth.

Negative Factors

Profitability Margins

Declining profitability margins suggest challenges in cost management or pricing power, potentially impacting long-term earnings.

Free Cash Flow

Negative free cash flow indicates capital expenditures exceed operating cash flows, which may constrain future investments and liquidity.

Earnings Growth

Negative EPS growth reflects challenges in profit expansion, which could hinder shareholder returns and affect investor confidence over time.

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 generates revenue through multiple key streams, primarily from the sale of its molded plastic furniture products and material handling solutions. The company's core revenue comes from its furniture division, which targets both retail consumers and businesses, including hospitality and education sectors. Additionally, Nilkamal earns income through its industrial products segment, offering durable storage and handling solutions to various industries. The company has established significant partnerships with retailers and distributors across India and internationally, enhancing its market reach. Furthermore, Nilkamal's emphasis on innovation and sustainability attracts a growing customer base, positively impacting its earnings.

Nilkamal Limited Financial Statement Overview

Summary

Nilkamal Limited shows solid revenue growth and efficient operations with a stable financial position. However, declining Net Profit Margin and negative Free Cash Flow indicate areas for improvement in profitability and cash flow management.

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	34.53B	33.13B	31.96B	31.31B	27.18B	20.86B
Gross Profit	13.81B	14.29B	6.25B	12.46B	4.77B	4.25B
EBITDA	2.99B	2.82B	3.12B	3.23B	2.36B	2.72B
Net Income	1.03B	1.06B	1.22B	1.34B	833.50M	1.13B
Balance Sheet
Total Assets	0.00	25.44B	22.21B	20.75B	19.53B	17.24B
Cash, Cash Equivalents and Short-Term Investments	1.41B	1.41B	1.17B	269.66M	791.76M	1.06B
Total Debt	0.00	5.31B	4.06B	3.51B	3.54B	2.30B
Total Liabilities	-14.88B	10.56B	8.10B	7.60B	7.51B	5.83B
Stockholders Equity	14.88B	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: 1404.55
• 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 1404.55 is above the 20-day moving average (MA) of 1393.95, below the 50-day MA of 1425.83, and below the 200-day MA of 1583.29, indicating a bearish trend. The MACD of -9.63 indicates Negative momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 30.65 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
CARYSIL	73 Outperform	₹21.94B	27.04	―	0.26%	11.21%	22.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
NILKAMAL	61 Neutral	₹20.46B	19.59	―	1.43%	12.40%	-9.69%
KCP	59 Neutral	₹21.88B	14.57	―	0.14%	-6.76%	-31.51%
EVEREADY	55 Neutral	₹23.86B	52.05	―	0.46%	7.37%	-39.19%
STOVEKRAFT	55 Neutral	₹17.80B	39.19	―	0.50%	7.89%	32.07%
HIMATSEIDE	50 Neutral	₹12.98B	14.96	―	0.21%	-7.55%	-30.11%

Nilkamal Limited Corporate Events

Nilkamal Closes Trading Window Ahead of December Quarter Results

Nilkamal Limited has announced the closure of its trading window for company securities from 1 January 2026 until 48 hours after the publication of its unaudited standalone and consolidated financial results for the quarter and nine months ending 31 December 2025, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. During this blackout period, directors, promoters, designated and connected persons, and their immediate relatives are barred from trading in the company’s shares, underscoring Nilkamal’s adherence to regulatory requirements and governance standards ahead of its upcoming financial disclosure, the board meeting date for which will be communicated separately.

Nilkamal Limited Opens Special Window for Share Transfer Requests

Nilkamal Limited announced the opening of a special window for the re-lodgement of transfer requests for shares held in physical form. This move, communicated through newspaper advertisements, aims to facilitate shareholders in updating their shareholding records, aligning with regulatory requirements and enhancing operational transparency.