Nikita Greentech Recycling Ltd
Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products.[1]
- Market Cap ₹ 197 Cr.
- Current Price ₹ 80.0
- High / Low ₹ 156 / 67.2
- Stock P/E 17.7
- Book Value ₹ 72.5
- Dividend Yield 0.00 %
- ROCE 9.29 %
- ROE 7.88 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.10 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.15.7 Cr.
- Working capital days have increased from 74.6 days to 128 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.
Peer comparison
Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 99 | 117 | 355 | 398 | 338 | 363 | 350 | |
| 91 | 105 | 327 | 371 | 298 | 318 | 322 | |
| Operating Profit | 8 | 12 | 28 | 28 | 40 | 45 | 28 |
| OPM % | 8% | 11% | 8% | 7% | 12% | 12% | 8% |
| 0 | 0 | 2 | 3 | 13 | 15 | 16 | |
| Interest | 4 | 5 | 11 | 11 | 14 | 17 | 18 |
| Depreciation | 3 | 4 | 11 | 10 | 10 | 10 | 9 |
| Profit before tax | 2 | 3 | 8 | 10 | 29 | 33 | 16 |
| Tax % | 56% | 6% | 15% | 12% | 28% | 30% | 32% |
| 1 | 3 | 7 | 9 | 21 | 23 | 11 | |
| EPS in Rs | 11.40 | 12.67 | 4.52 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | -4% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 9% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 9 | 9 | 18 | 18 | 25 |
| Reserves | 16 | 19 | 37 | 46 | 63 | 86 | 154 |
| 82 | 153 | 125 | 163 | 189 | 223 | 237 | |
| 9 | 15 | 64 | 39 | 34 | 56 | 74 | |
| Total Liabilities | 111 | 192 | 235 | 257 | 304 | 383 | 490 |
| 24 | 99 | 88 | 79 | 96 | 86 | 77 | |
| CWIP | 32 | 1 | 6 | 19 | 0 | 2 | 80 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| 56 | 92 | 140 | 157 | 207 | 293 | 332 | |
| Total Assets | 111 | 192 | 235 | 257 | 304 | 383 | 490 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1 | -10 | 28 | -13 | -12 | -20 | 19 | |
| -32 | -48 | -11 | -14 | -3 | -2 | -78 | |
| 34 | 59 | -16 | 27 | 18 | 17 | 60 | |
| Net Cash Flow | 2 | 1 | 1 | 0 | 3 | -5 | 1 |
| Free Cash Flow | -33 | -58 | 17 | -27 | -15 | -22 | -59 |
| CFO/OP | -3% | -73% | 104% | -43% | -19% | -22% | 85% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 155 | 89 | 85 | 134 | 110 | 129 |
| Inventory Days | 61 | 150 | 65 | 53 | 69 | 86 | 74 |
| Days Payable | 28 | 49 | 73 | 29 | 28 | 55 | 61 |
| Cash Conversion Cycle | 142 | 257 | 80 | 109 | 175 | 142 | 143 |
| Working Capital Days | 47 | 82 | 32 | 26 | 31 | 64 | 128 |
| ROCE % | 6% | 11% | 11% | 16% | 17% | 9% |
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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| Captive Power - Municipal Waste to Energy MW |
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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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Extracted by Screener AI
Documents
Announcements
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Credit Rating- Others
3 June 2026 - Infomerics reaffirms ₹160.95 crore bank facilities; long-term rating IVR BBB/Negative, outlook revised from Stable to Negative.
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General Updates
26 May 2026 - FY26 audited results approved; unmodified audit opinion; IPO proceeds Rs 6,754.18 lakh fully utilised.
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Appointment
25 May 2026 - Board approved FY26 audited standalone results; IPO proceeds ₹6,754.18 lakh fully utilised; auditor and director reappointments.
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Appointment
25 May 2026 - FY26 audited results approved; unmodified opinion; IPO proceeds of ₹6,754.18 lakh fully utilised; auditor changes and director reappointments.
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Appointment
25 May 2026 - May 25, 2026 board approved FY26 audited results, unmodified audit, full IPO proceeds utilisation, and auditor/director changes.
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.