Nikita Greentech Recycling

: NIKITA · Paper, Forest & Jute Products

52W Range₹67 ₹156

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Snapshot

Unlock Nikita Greentech Recycling's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nikita Papers Limited is an Indian manufacturer specialising in various grades of Kraft paper, including corrugation, fluting, and carry bag paper. The company serves diverse sectors such as food, pharmaceuticals, and electronics packaging.

Business Model

The company generates revenue through the manufacturing and sale of industrial-grade paper products tailored for packaging applications. It operates by converting raw materials into specific GSM and burst factor (BF) paper grades to meet client requirements.

  • Corrugation Paper GSM:120–200
  • Fluting Paper GSM:100
  • Carry Bag Paper GSM:80–120

Growth Outlook

Growth is primarily driven by the rising demand for sustainable packaging solutions across the food, pharmaceutical, and electronics industries. The company continues to focus on maintaining product specifications to cater to diverse industrial packaging needs.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of waste paper and pulp can significantly impact the company's operating margins.
  • Environmental Regulation. The paper manufacturing sector faces stringent pollution control norms and evolving environmental compliance requirements in India.
  • Competitive Intensity. The paper industry is highly fragmented, leading to intense price competition from both organised and unorganised players.
  • Cyclical Demand. Demand for industrial packaging is closely linked to the overall economic cycle and industrial production levels.

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Peers · Paper, Forest & Jute Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nikita Greentech RecyclingNIKITA
₹190 Cr8.0%-36.0%
Kuantum PapersKUANTUM
₹633 Cr17.568.5711.9%14.4%3.0%5.3%-34.7%
Satia IndustriesSATIA
₹578 Cr1.024.56-2.7%13.3%-0.7%3.9%-29.3%
Shree Rama Newsprint LimitedRAMANEWS
₹469 Cr-6.81138.88-20.7%18.3%142.2%0.5%+2.3%
Orient Paper & Industries LimitedORIENTPPR
₹365 Cr-5.14-44.77-0.1%-1.6%-4.7%-3.9%-37.5%
PakkaPAKKA
₹352 Cr25.5315.240.1%13.3%3.0%4.7%-46.2%

As of Mar 2026

Financials