Nilkamal Ltd transformed from Plastic Furniture to Complete Furniture Solution Provider for Home Furniture, Office Furniture, etc., in various materials and upholstered products.[1]
Business SegmentsPlastic Division:In this segment, the Co. focuses on 3 key verticals i.e., Moulded furniture, Ready Furniture and Mattress.[1]Nilkamal is the world’s largest manufacturer of moulded furniture and Asia’s largest processor of plastic moulded products.[2]BubbleGUARD Division:In this division, the Co. offers a range of unique honeycomb structured boards, with the objective of changing the face of printing, packaging and protection.[3]During FY22, it launched 3 new products – PalletGUARD LITE, PalletGUARD Neo and DiscGUARD.[1]Material Handling Division:Under this division, the Co. is trying to be "One Stop Shop" and offers a comprehensive product mix right from bins, crates, pallets, to Material Handling Equipment and shelving, Racking and ASRS (Automated Storage & Retrieval System).[4]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Safari Inds. | 2072.70 | 61.20 | 10168.56 | 0.14 | 46.94 | 58.26 | 533.55 | 16.55 | 18.67 | 1925.15 | 13.74 | 166.16 | 46.94 | 9.72 | 11.41 | 0.11 |
| 2. | V I P Inds. | 369.95 | – | 5260.99 | 0.00 | -143.14 | -302.46 | 406.34 | -25.34 | -1.50 | 1963.05 | -2.38 | -205.83 | -147.42 | 11.33 | -3.99 | 1.68 |
| 3. | Nilkamal Ltd | 1401.70 | 23.31 | 2140.45 | 1.43 | 32.88 | 18.57 | 948.09 | 18.19 | 8.98 | 3521.09 | 7.79 | 91.81 | 32.88 | 1.49 | 4.00 | 0.38 |
| 4. | Wim Plast | 402.35 | 7.98 | 482.96 | 2.49 | 12.50 | -33.90 | 84.32 | 7.83 | 14.85 | 373.04 | 16.19 | 60.50 | 12.50 | 0.86 | 10.56 | 0.00 |
| 5. | Bai-Kakaji Poly. | 208.00 | 24.24 | 445.22 | 0.00 | – | – | – | – | 26.38 | 325.47 | 10.38 | 18.37 | – | – | 12.18 | 2.03 |
| 6. | Essen Speciality | 147.00 | 36.88 | 365.13 | 0.68 | 5.19 | -17.88 | 48.35 | 4.41 | 11.50 | 181.66 | 11.64 | 9.90 | 5.19 | 2.32 | 6.77 | 0.17 |
| 7. | Pil Italica Life | 9.23 | 40.43 | 215.48 | 0.00 | 1.15 | 5.50 | 27.64 | 26.73 | 8.90 | 108.82 | 8.65 | 5.33 | 1.15 | 2.64 | 4.89 | 0.19 |
| – | Median: 9 Co. | 208.0 | 30.56 | 445.22 | 0.14 | 4.25 | 7.21 | 66.87 | 14.84 | 11.5 | 325.47 | 10.38 | 16.88 | 4.12 | 2.26 | 6.77 | 0.2 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 796 | 737 | 816 | 769 | 763 | 782 | 821 | 729 | 802 | 832 | 877 | 864 | 948 |
Expenses | 732 | 664 | 722 | 697 | 703 | 713 | 742 | 675 | 728 | 774 | 795 | 810 | 867 |
Operating Profit | 64 | 73 | 95 | 72 | 60 | 68 | 79 | 54 | 74 | 58 | 81 | 54 | 81 |
Other Income | 5 | 2 | 3 | 3 | 6 | 2 | 6 | 3 | 2 | 3 | 7 | 3 | 7 |
Profit before tax | 31 | 38 | 60 | 38 | 27 | 31 | 47 | 19 | 37 | 19 | 46 | 13 | 43 |
Tax % | 25% | 24% | 26% | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 24% | 25% | 24% |
Net Profit | 23 | 28 | 44 | 28 | 21 | 23 | 36 | 14 | 28 | 15 | 35 | 10 | 33 |
EPS in Rs | 15.64 | 19.05 | 29.39 | 18.85 | 13.74 | 15.48 | 23.83 | 9.52 | 18.58 | 9.76 | 23.29 | 6.43 | 22.03 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,646 | 1,784 | 1,858 | 1,957 | 2,071 | 2,304 | 2,081 | 1,888 | 2,656 | 3,079 | 3,134 | 3,239 | 3,521 |
Expenses | 1,501 | 1,641 | 1,636 | 1,736 | 1,836 | 2,094 | 1,815 | 1,646 | 2,436 | 2,776 | 2,852 | 2,969 | 3,247 |
Operating Profit | 145 | 142 | 221 | 220 | 235 | 210 | 266 | 242 | 220 | 304 | 282 | 270 | 274 |
Other Income | 4 | 4 | 7 | 12 | 8 | 17 | 11 | 14 | 19 | 12 | 16 | 14 | 19 |
Interest | 41 | 32 | 21 | 14 | 15 | 18 | 28 | 25 | 31 | 40 | 40 | 43 | 44 |
Depreciation | 49 | 54 | 53 | 49 | 48 | 50 | 91 | 93 | 100 | 112 | 114 | 119 | 129 |
Profit before tax | 58 | 61 | 155 | 169 | 179 | 159 | 158 | 139 | 108 | 163 | 143 | 121 | 121 |
Net Profit | 40 | 42 | 105 | 118 | 117 | 111 | 122 | 103 | 82 | 122 | 107 | 91 | 92 |
EPS in Rs | 26.83 | 28.45 | 70.22 | 79.38 | 78.48 | 74.54 | 81.76 | 69.30 | 55.16 | 81.70 | 71.91 | 61.16 | 61.51 |
Dividend Payout % | 15% | 16% | 10% | 14% | 17% | 17% | 18% | 22% | 27% | 24% | 28% | 33% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Reserves | 448 | 478 | 570 | 682 | 782 | 869 | 939 | 1,038 | 1,137 | 1,237 | 1,315 | 1,376 | 1,388 |
Borrowings | 320 | 207 | 105 | 83 | 93 | 59 | 66 | 227 | 354 | 351 | 406 | 531 | 539 |
Other Liabilities | 214 | 218 | 247 | 253 | 289 | 277 | 419 | 319 | 383 | 399 | 394 | 512 | 491 |
Total Liabilities | 996 | 918 | 938 | 1,033 | 1,179 | 1,220 | 1,439 | 1,599 | 1,889 | 2,002 | 2,130 | 2,434 | 2,433 |
Fixed Assets | 333 | 284 | 261 | 256 | 327 | 383 | 543 | 591 | 688 | 777 | 769 | 931 | 973 |
Gross Block | 717.21 | 715.93 | 312.65 | 352.27 | 468.00 | 572.13 | 818.26 | 945.59 | 1,140.95 | 1,327.28 | 1,423.30 | 1,689.35 | – |
Accumulated Depreciation | 384.63 | 432.25 | 51.72 | 95.85 | 141.31 | 188.95 | 275.25 | 354.94 | 452.81 | 550.54 | 654.55 | 758.37 | – |
CWIP | 2 | 1 | 5 | 32 | 9 | 14 | 27 | 19 | 26 | 22 | 38 | 75 | 56 |
Investments | 26 | 26 | 26 | 26 | 26 | 26 | 92 | 87 | 4 | 4 | 34 | 4 | 4 |
Other Assets | 636 | 607 | 647 | 719 | 818 | 798 | 777 | 903 | 1,171 | 1,199 | 1,289 | 1,424 | 1,400 |
Total Assets | 996 | 918 | 938 | 1,033 | 1,179 | 1,220 | 1,439 | 1,599 | 1,889 | 2,002 | 2,130 | 2,434 | 2,433 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 155 | 152 | 167 | 99 | 112 | 171 | 251 | 188 | 65 | 194 | 243 | 242 |
Cash from Investing Activity | -33 | -8 | -27 | -64 | -88 | -103 | -152 | -113 | -88 | -174 | -158 | -231 |
Cash from Financing Activity | -120 | -148 | -141 | -37 | -20 | -72 | -94 | -73 | 60 | -72 | -32 | 34 |
Net Cash Flow | 2 | -4 | -1 | -1 | 4 | -4 | 6 | 1 | 36 | -51 | 53 | 45 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 47 | 51 | 54 | 58 | 47 | 46 | 50 | 42 | 50 | 53 | 51 |
Inventory Days | 105 | 89 | 100 | 105 | 116 | 103 | 118 | 157 | 147 | 126 | 117 | 133 |
Days Payable | 33 | 30 | 36 | 35 | 53 | 35 | 43 | 60 | 48 | 43 | 42 | 58 |
Cash Conversion Cycle | 120 | 106 | 114 | 124 | 121 | 115 | 121 | 147 | 142 | 133 | 128 | 126 |
Working Capital Days | 41 | 46 | 58 | 72 | 79 | 84 | 82 | 97 | 90 | 91 | 78 | 71 |
ROCE % | 12% | 13% | 26% | 25% | 23% | 19% | 18% | 14% | 10% | 13% | 11% | 9% |
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