Nilkamal Ltd

Nilkamal Ltd

₹ 2,006 0.58%
19 Jun 10:06 a.m.
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

Business Segments
Plastic Division: In this segment, the Co. focuses on 3 key verticals i.e., Moulded furniture, Ready Furniture and Mattress. [1] Nilkamal is the world’s largest manufacturer of moulded furniture and Asia’s largest processor of plastic moulded products. [2]
BubbleGUARD Division: In this division, the Co. offers a range of unique honeycomb structured boards, with the objective of changing the face of printing, packaging and protection. [3] During FY22, it launched 3 new products – PalletGUARD LITE, PalletGUARD Neo and DiscGUARD. [1]
Material Handling Division: Under this division, the Co. is trying to be "One Stop Shop" and offers a comprehensive product mix right from bins, crates, pallets, to Material Handling Equipment and shelving, Racking and ASRS (Automated Storage & Retrieval System). [4]

  • Market Cap 2,993 Cr.
  • Current Price 2,006
  • High / Low 2,805 / 1,690
  • Stock P/E 24.5
  • Book Value 945
  • Dividend Yield 1.00 %
  • ROCE 11.4 %
  • ROE 8.98 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 24.5%

Cons

  • Company has a low return on equity of 8.86% 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.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
680 492 739 756 742 740 808 754 829 783 776 803 834
601 462 672 682 692 671 742 678 732 709 714 731 753
Operating Profit 79 30 67 74 50 69 66 76 97 74 62 73 81
OPM % 12% 6% 9% 10% 7% 9% 8% 10% 12% 10% 8% 9% 10%
4 3 2 2 10 4 4 5 6 6 9 4 4
Interest 7 7 7 7 8 8 9 9 10 9 9 10 9
Depreciation 25 24 25 25 27 27 28 29 29 28 29 29 29
Profit before tax 50 2 38 44 26 37 32 43 64 42 32 38 48
Tax % 24% 5% 25% 24% 24% 23% 25% 23% 25% 23% 22% 23% 26%
38 2 28 34 20 29 24 33 48 32 25 29 36
EPS in Rs 25.51 1.13 18.94 22.40 13.40 19.21 16.02 22.23 32.31 21.73 16.76 19.63 23.80
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,702 1,737 1,895 1,926 2,024 2,124 2,362 2,257 2,092 2,730 3,131 3,196
1,563 1,580 1,736 1,691 1,789 1,882 2,146 1,973 1,836 2,506 2,819 2,906
Operating Profit 140 157 159 235 235 242 216 284 256 224 312 290
OPM % 8% 9% 8% 12% 12% 11% 9% 13% 12% 8% 10% 9%
0 3 2 8 8 10 20 21 18 18 19 23
Interest 45 43 32 21 14 16 18 29 26 31 40 37
Depreciation 48 52 57 55 51 50 52 94 97 101 113 115
Profit before tax 48 66 71 168 178 187 166 182 150 109 177 161
Tax % 20% 28% 28% 31% 30% 34% 29% 22% 25% 24% 24% 24%
38 48 51 116 124 124 118 142 113 83 134 122
EPS in Rs 24.89 31.53 33.83 76.43 82.11 82.74 78.63 95.21 75.68 55.86 89.76 81.92
Dividend Payout % 16% 13% 13% 9% 13% 16% 17% 16% 20% 27% 22% 24%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: 10%
5 Years: 1%
3 Years: 3%
TTM: -8%
Stock Price CAGR
10 Years: 20%
5 Years: 11%
3 Years: -4%
1 Year: -17%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 430 472 510 613 727 834 926 1,017 1,124 1,187 1,299 1,395
408 324 209 105 83 93 59 66 230 354 351 406
220 230 235 265 268 306 294 452 354 397 410 405
Total Liabilities 1,073 1,041 969 998 1,093 1,248 1,294 1,551 1,724 1,953 2,075 2,221
365 357 306 273 271 344 399 592 634 695 782 775
CWIP 4 2 1 5 32 9 14 27 18 26 22 38
Investments 0 2 5 44 42 47 51 34 35 35 32 71
703 680 657 677 749 849 830 898 1,036 1,197 1,239 1,338
Total Assets 1,073 1,041 969 998 1,093 1,248 1,294 1,551 1,724 1,953 2,075 2,221

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
74 166 167 183 112 121 175 252 203 69 190 250
-57 -38 -15 -42 -73 -96 -107 -147 -120 -94 -164 -160
-19 -131 -151 -142 -38 -20 -73 -100 -71 60 -71 -32
Net Cash Flow -2 -3 1 -2 0 4 -4 5 13 34 -45 58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 53 50 48 51 54 58 48 53 54 42 51 53
Inventory Days 111 105 89 100 105 116 103 119 154 145 127 118
Days Payable 35 34 29 37 35 52 35 45 60 49 44 43
Cash Conversion Cycle 130 121 107 114 125 122 116 127 148 139 134 128
Working Capital Days 92 81 73 73 88 95 85 89 108 101 98 99
ROCE % 12% 13% 14% 26% 24% 23% 19% 19% 14% 9% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.53% 64.53% 64.53% 64.53% 64.53% 64.54% 64.54% 64.54% 64.54% 64.54% 64.54% 64.54%
2.13% 2.18% 2.20% 2.13% 1.93% 1.87% 1.44% 1.10% 1.02% 1.16% 1.16% 1.14%
18.77% 19.43% 19.45% 19.58% 19.82% 19.72% 19.86% 19.80% 19.84% 20.22% 20.01% 19.13%
14.57% 13.86% 13.82% 13.76% 13.72% 13.90% 14.16% 14.57% 14.59% 14.08% 14.31% 15.20%
No. of Shareholders 23,38620,18620,36119,74020,06119,77419,59318,45917,19917,44817,24118,036

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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