Nilkamal Ltd

₹ 1,933 0.51%
02 Dec - close price
About

Nilkamal Ltd transformed from Plastic Furniture to Complete Furniture Solution Provider for Home Furniture, Office Furniture, etc., in various materials and upholstered products. [1]

Key Points

Products
It is involved in the following:
Furniture business has four major categories Moulded Furniture, Ready Furniture, etc. It added more than 15 products in the value-added segment.
Mattress business was promoted through television and newspaper advertisements in FY20. [1]
Bubble Guard division showed growth by launching innovative products like Travel Guard (Transport), Virus Guard (for office, cafeteria, Education), and patient bed, to help fight Covid-19. [2]
Lifestyle Furniture, Furnishing, and Accessories added 6 new Franchisee stores (FOFO) in FY20.

  • Market Cap 2,884 Cr.
  • Current Price 1,933
  • High / Low 2,767 / 1,693
  • Stock P/E 27.2
  • Book Value 825
  • Dividend Yield 0.78 %
  • ROCE 9.40 %
  • ROE 6.94 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.8%

Cons

  • The company has delivered a poor sales growth of 6.17% over past five years.
  • Company has a low return on equity of 10.1% over last 3 years.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
576 583 561 251 534 627 680 492 739 756 742 740 808
504 515 491 262 448 529 601 462 672 682 691 671 742
Operating Profit 72 68 71 -10 87 97 79 30 67 74 51 69 66
OPM % 12% 12% 13% -4% 16% 16% 12% 6% 9% 10% 7% 9% 8%
10 4 4 2 9 4 4 3 2 2 9 4 4
Interest 6 6 8 6 5 5 7 7 7 7 8 8 9
Depreciation 23 24 27 23 24 24 25 24 25 25 27 27 28
Profit before tax 52 42 40 -38 66 72 50 2 38 44 26 37 32
Tax % 6% 28% 20% 24% 25% 25% 24% 5% 25% 24% 24% 23% 25%
Net Profit 49 30 32 -29 50 54 38 2 28 34 20 29 24
EPS in Rs 32.84 20.26 21.28 -19.40 33.18 36.39 25.51 1.13 18.94 22.40 13.40 19.21 16.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,318 1,517 1,702 1,737 1,895 1,926 2,024 2,124 2,362 2,257 2,092 2,730 3,046
1,181 1,355 1,563 1,580 1,736 1,691 1,789 1,882 2,146 1,973 1,836 2,506 2,786
Operating Profit 137 161 140 157 159 235 235 242 216 284 256 224 260
OPM % 10% 11% 8% 9% 8% 12% 12% 11% 9% 13% 12% 8% 9%
3 1 0 3 2 8 8 10 20 21 18 18 20
Interest 31 41 45 43 32 21 14 16 18 29 26 31 33
Depreciation 35 43 48 52 57 55 51 50 52 94 97 101 108
Profit before tax 74 78 48 66 71 168 178 187 166 182 150 109 139
Tax % 27% 21% 20% 28% 28% 31% 30% 34% 29% 22% 25% 24%
Net Profit 54 62 38 48 51 116 124 124 118 142 113 83 106
EPS in Rs 35.79 40.95 24.89 31.53 33.83 76.43 82.11 82.74 78.63 95.21 75.68 55.86 71.03
Dividend Payout % 11% 10% 16% 13% 13% 9% 13% 16% 17% 16% 20% 27%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 5%
TTM: 20%
Compounded Profit Growth
10 Years: 3%
5 Years: -8%
3 Years: -12%
TTM: -13%
Stock Price CAGR
10 Years: 23%
5 Years: 3%
3 Years: 14%
1 Year: -17%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 10%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
15 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 345 399 430 472 510 613 727 834 926 1,017 1,124 1,187 1,216
305 369 408 324 209 105 83 93 59 66 230 354 372
160 200 220 230 235 265 268 306 294 452 354 397 444
Total Liabilities 825 983 1,073 1,041 969 998 1,093 1,248 1,294 1,551 1,724 1,953 2,046
278 349 365 357 306 273 271 344 399 592 634 695 750
CWIP 38 9 4 2 1 5 32 9 14 27 18 26 22
Investments 2 0 0 2 5 44 42 47 51 34 35 35 35
506 625 703 680 657 677 749 849 830 898 1,036 1,197 1,239
Total Assets 825 983 1,073 1,041 969 998 1,093 1,248 1,294 1,551 1,724 1,953 2,046

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
49 65 74 166 167 183 112 121 175 252 203 69
-72 -86 -57 -38 -15 -42 -73 -96 -107 -147 -120 -94
29 17 -19 -131 -151 -142 -38 -20 -73 -100 -71 60
Net Cash Flow 6 -4 -2 -3 1 -2 0 4 -4 5 13 34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 43 51 53 50 48 51 54 58 48 53 54 42
Inventory Days 106 114 111 105 89 100 105 116 103 119 154 145
Days Payable 32 37 35 34 29 37 35 52 35 45 60 49
Cash Conversion Cycle 117 128 130 121 107 114 125 122 116 127 148 139
Working Capital Days 72 89 92 81 73 73 88 95 85 89 108 101
ROCE % 17% 17% 12% 13% 14% 26% 25% 23% 19% 19% 14% 9%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
63.97 64.31 64.33 64.33 64.33 64.53 64.53 64.53 64.53 64.53 64.53 64.54
1.62 2.12 2.13 1.96 1.97 2.07 2.13 2.18 2.20 2.13 1.93 1.87
15.73 16.93 16.75 16.69 17.83 18.14 18.77 19.43 19.45 19.58 19.82 19.72
18.68 16.64 16.79 17.02 15.87 15.26 14.57 13.86 13.82 13.76 13.72 13.90

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