Nikita Greentech Recycling Ltd
₹ 110
-0.05%
06 Apr
3:47 p.m.
About
Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products.[1]
Key Points
- Market Cap ₹ 271 Cr.
- Current Price ₹ 110
- High / Low ₹ 156 / 77.2
- Stock P/E 14.1
- Book Value ₹ 70.5
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 24.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 97.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.15.5 Cr.
- Working capital days have increased from 40.3 days to 64.5 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 99 | 117 | 355 | 398 | 338 | 363 | 377 | |
| 91 | 105 | 327 | 371 | 298 | 318 | 336 | |
| Operating Profit | 8 | 12 | 28 | 28 | 40 | 45 | 40 |
| OPM % | 8% | 11% | 8% | 7% | 12% | 12% | 11% |
| 0 | 0 | 2 | 3 | 13 | 15 | 15 | |
| Interest | 4 | 5 | 11 | 11 | 14 | 17 | 18 |
| Depreciation | 3 | 4 | 11 | 10 | 10 | 10 | 10 |
| Profit before tax | 2 | 3 | 8 | 10 | 29 | 33 | 28 |
| Tax % | 56% | 6% | 15% | 12% | 28% | 30% | |
| 1 | 3 | 7 | 9 | 21 | 23 | 19 | |
| EPS in Rs | 11.40 | 12.67 | 9.66 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 1% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 49% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 9 | 9 | 18 | 18 | 25 |
| Reserves | 16 | 19 | 37 | 46 | 63 | 86 | 149 |
| 82 | 153 | 125 | 163 | 189 | 223 | 240 | |
| 9 | 15 | 64 | 39 | 34 | 56 | 59 | |
| Total Liabilities | 111 | 192 | 235 | 257 | 304 | 383 | 473 |
| 24 | 99 | 88 | 79 | 96 | 86 | 81 | |
| CWIP | 32 | 1 | 6 | 19 | 0 | 2 | 14 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| 56 | 92 | 140 | 157 | 207 | 293 | 376 | |
| Total Assets | 111 | 192 | 235 | 257 | 304 | 383 | 473 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1 | -10 | 28 | -13 | -12 | -20 | |
| -32 | -48 | -11 | -14 | -3 | -2 | |
| 34 | 59 | -16 | 27 | 18 | 17 | |
| Net Cash Flow | 2 | 1 | 1 | 0 | 3 | -5 |
| Free Cash Flow | -33 | -58 | 17 | -27 | -15 | -22 |
| CFO/OP | -3% | -73% | 104% | -43% | -19% | -22% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 109 | 155 | 89 | 85 | 134 | 110 |
| Inventory Days | 61 | 150 | 65 | 53 | 69 | 86 |
| Days Payable | 28 | 49 | 73 | 29 | 28 | 55 |
| Cash Conversion Cycle | 142 | 257 | 80 | 109 | 175 | 142 |
| Working Capital Days | 47 | 82 | 32 | 26 | 31 | 64 |
| ROCE % | 6% | 11% | 11% | 16% | 17% |
Insights
In beta| Mar 1991 | Mar 1992 | Dec 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity MTPA |
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| Capacity Utilization % |
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| Captive Power - Municipal Waste to Energy MW |
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| Production Volume MT |
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| Sales Volume MT |
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| Captive Power - Solar Rooftop MW |
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| EPR Credit Revenue INR Cr |
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Documents
Announcements
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General Updates
4 April 2026 - Promoters disclosed no encumbrance on shares during FY2026 under Regulation 31(4).
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no physical share certificates received for dematerialization.
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Structural Digital Database
3 April 2026 - Submitted SDD compliance certificate for FY2026; 48 events captured, no non-compliance.
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Address Change
30 March 2026 - Board approved proposed shift of registered office to Uttar Pradesh; MOA expanded for EPR, energy, electricity; revised RPT policy.
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Amendment to AOA/MOA
30 March 2026 - 30-Mar-2026: Board approved shifting registered office to Uttar Pradesh, MOA object additions, and revised RPT policy; EGM to follow.
Concalls
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Jun 2025Transcript PPT
Product Portfolio[1]
The company manufactures Kraft Paper in various grades, including:
a) Corrugation Paper: 120–200 GSM, 18–32 BF.
b) Fluting Paper: 100 GSM, 18–22 BF.
c) Carry Bag Paper: 80–120 GSM, 22–30 BF.
These Products have a wide range of applications, including Corrugated boxes, bags, and packaging for food, pharma, electronics, and more.