Nilkamal Ltd

NSE: NILKAMAL · Plastic Products - Consumer

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52W Range₹1,051 – ₹2,150

Snapshot

Unlock Nilkamal Ltd's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Nilkamal Limited is a prominent manufacturer of plastic products, operating primarily through its Plastics and Lifestyle Furniture segments. The company provides a diverse range of material handling solutions, industrial products, and consumer homeware, while also managing a retail footprint under the @home and Nilkamal Furniture Ideas brands.

Business Model

The company generates revenue by manufacturing and distributing plastic products through a multi-channel approach, including retail stores, dealer networks, institutional sales, and online platforms. It serves both B2B industrial clients with material handling equipment and B2C customers with lifestyle furniture and home accessories.

  • Retail Store Count (@home):19
  • Retail Store Count (Nilkamal Furniture Ideas):70
  • Export Reach:30 countries

Growth Outlook

Growth is driven by the expansion of its retail store network and the diversification of its product portfolio into specialised sectors like aquaculture, road safety, and construction. The company continues to leverage its established brand presence to capture demand across both institutional and consumer markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of polymers and other plastic raw materials, which are linked to crude oil prices, can significantly impact profit margins.
  • Intense Competition. The company faces stiff competition from both organised players and the unorganised sector in the plastic products and furniture markets.
  • Economic Cyclicality. Demand for lifestyle furniture and industrial material handling products is sensitive to broader economic conditions and industrial activity levels.
  • Supply Chain Disruptions. Dependence on a complex distribution network and global exports makes the company vulnerable to logistics and supply chain interruptions.

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Key Metrics

REVENUE

₹3,873 Cr

TTM · consolidated

+7.6%YoY

NET PROFIT

₹159 Cr

TTM · consolidated

+52.0%YoY

EPS

₹106.45

TTM · consolidated

+52.1%YoY

RETURN ON EQUITY

10.1%

TTM · consolidated

+3.1 ppYoY

RETURN ON CAPITAL EMPLOYED

12.4%

TTM · consolidated

+3.3 ppYoY

P/E

18.0×

Q2 FY27 · consolidated

18.0 vs 26.7x5Y avg

EV/EBITDA

7.5x

Q2 FY27 · consolidated

7.5 vs 10.4x5Y avg

EBITDA MARGIN

10.6%

TTM · consolidated

+2.1 ppYoY

NET PROFIT MARGIN

6.0%

Q2 FY27 · consolidated

+2.5 ppYoY

DEBT TO EQUITY

0.2%

Q2 FY27 · consolidated

-0.1 ppYoY

Peers · Plastic Products - Consumer

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Nilkamal LtdNILKAMAL
₹2,859 Cr18.0×7.527.6%10.6%10.1%12.4%+26.7%
Safari Industries (India) LimitedSAFARI
₹5,972 Cr36.2×20.3414.0%13.9%16.0%19.6%-42.9%
V.I.P. Industries LimitedVIPIND
₹3,473 Cr-9.2×-15.12-10.8%-13.6%-83.6%-41.3%-39.8%
Bai-Kakaji Polymers LimitedBAIKAKAJI
₹589 Cr———14.0%———
Wim PlastWIMPLAST
₹401 Cr6.7×—1.0%25.1%11.6%15.1%—

As of Q2 FY27

Financials