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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Nilkamal Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:43 pm

Market Cap 2,701 Cr.
Current Price 1,814
High / Low2,355/1,630
Stock P/E23.4
Book Value 959
Dividend Yield1.10 %
ROCE11.2 %
ROE8.70 %
Face Value 10.0
PEG Ratio-22.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Nilkamal Ltd

Competitors of Nilkamal Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IIRM Holdings India Ltd 838 Cr. 123172/21.837.0 18.70.00 %%% 5.00
Fiberweb (India) Ltd 139 Cr. 48.266.6/29.012.1 58.30.00 %5.17 %4.61 % 10.0
Deep Polymers Ltd 168 Cr. 69.4120/68.022.7 34.10.00 %9.48 %9.69 % 10.0
DDev Plastiks Industries Ltd 2,809 Cr. 272458/16014.9 71.20.55 %41.9 %31.5 % 1.00
Bright Brothers Ltd 177 Cr. 311333/13440.2 1280.32 %0.72 %8.44 % 10.0
Industry Average5,072.88 Cr709.9160.02195.450.26%15.95%13.41%7.63

All Competitor Stocks of Nilkamal Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales627680492739756742740808754829783776803
Expenses529601462672682692671742678732709714731
Operating Profit97793067745069667697746273
OPM %16%12%6%9%10%7%9%8%10%12%10%8%9%
Other Income44322104456694
Interest577778899109910
Depreciation24252425252727282929282929
Profit before tax7250238442637324364423238
Tax %25%24%5%25%24%24%23%25%23%25%23%22%23%
Net Profit5438228342029243348322529
EPS in Rs36.3925.511.1318.9422.4013.4019.2116.0222.2332.3121.7316.7619.63

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5171,7021,7371,8951,9262,0242,1242,3622,2572,0922,7303,1313,191
Expenses1,3551,5631,5801,7361,6911,7891,8822,1461,9731,8362,5062,8192,885
Operating Profit161140157159235235242216284256224312306
OPM %11%8%9%8%12%12%11%9%13%12%8%10%10%
Other Income10328810202118181924
Interest41454332211416182926314038
Depreciation43485257555150529497101113115
Profit before tax78486671168178187166182150109177177
Tax %21%20%28%28%31%30%34%29%22%25%24%24%
Net Profit6238485111612412411814211383134135
EPS in Rs40.9524.8931.5333.8376.4382.1182.7478.6395.2175.6855.8689.7690.43
Dividend Payout %10%16%13%13%9%13%16%17%16%20%27%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-38.71%26.32%6.25%127.45%6.90%0.00%-4.84%20.34%-20.42%-26.55%61.45%
Change in YoY Net Profit Growth (%)0.00%65.03%-20.07%121.20%-120.55%-6.90%-4.84%25.18%-40.76%-6.13%87.99%

Nilkamal Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:6%
3 Years:15%
TTM:2%
Compounded Profit Growth
10 Years:10%
5 Years:0%
3 Years:2%
TTM:-17%
Stock Price CAGR
10 Years:19%
5 Years:7%
3 Years:-7%
1 Year:-17%
Return on Equity
10 Years:12%
5 Years:10%
3 Years:9%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:58 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15151515151515151515151515
Reserves4304725106137278349261,0171,1241,1871,2991,3951,416
Borrowings40832420910583935966230354351406459
Other Liabilities220230235265268306294452354397410405458
Total Liabilities1,0731,0419699981,0931,2481,2941,5511,7241,9532,0752,2212,348
Fixed Assets365357306273271344399592634695782775762
CWIP4215329142718262238164
Investments02544424751343535327142
Other Assets7036806576777498498308981,0361,1971,2391,3381,380
Total Assets1,0731,0419699981,0931,2481,2941,5511,7241,9532,0752,2212,348

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7416616718311212117525220369190250
Cash from Investing Activity +-57-38-15-42-73-96-107-147-120-94-164-156
Cash from Financing Activity +-19-131-151-142-38-20-73-100-7160-71-32
Net Cash Flow-2-31-204-451334-4562

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow161.00-268.00-167.00-50.00130.00152.00149.00157.00218.0026.00-130.00-39.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days535048515458485354425153
Inventory Days11110589100105116103119154145127118
Days Payable353429373552354560494443
Cash Conversion Cycle130121107114125122116127148139134128
Working Capital Days92817373889585891081019895
ROCE %12%13%14%26%24%23%19%19%14%9%13%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters64.53%64.53%64.53%64.53%64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%
FIIs2.18%2.20%2.13%1.93%1.87%1.44%1.10%1.02%1.16%1.16%1.14%1.08%
DIIs19.43%19.45%19.58%19.82%19.72%19.86%19.80%19.84%20.22%20.01%19.13%17.69%
Public13.86%13.82%13.76%13.72%13.90%14.16%14.57%14.59%14.08%14.31%15.20%16.70%
No. of Shareholders20,18620,36119,74020,06119,77419,59318,45917,19917,44817,24118,03619,668

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund1,289,2282.18285.45724,3002024-11-2178%
HDFC Small Cap Fund - Regular Plan724,3000.63160.37724,3002024-11-210%
Kotak Small Cap Fund - Regular Plan717,5071.19158.86724,3002024-11-21-0.94%
HDFC Multi Cap Fund149,4930.3333.1724,3002024-11-21-79.36%
HDFC Retirement Savings Fund - Equity - Regular Plan72,9570.416.15724,3002024-11-21-89.93%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan20,0000.374.43724,3002024-11-21-97.24%
DSP Value Fund3,6350.110.8724,3002024-11-21-99.5%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)81.8289.7655.8675.6895.21
Diluted EPS (Rs.)81.8289.7655.8675.6895.21
Cash EPS (Rs.)153.16160.60119.78139.83154.37
Book Value[Excl.RevalReserv]/Share (Rs.)945.46881.20805.64764.23692.24
Book Value[Incl.RevalReserv]/Share (Rs.)945.46881.20805.64764.23692.24
Revenue From Operations / Share (Rs.)2141.952098.091829.511402.041512.61
PBDIT / Share (Rs.)203.54213.93156.27180.38198.10
PBIT / Share (Rs.)126.20137.9588.58115.26134.96
PBT / Share (Rs.)101.44113.4369.5599.49117.47
Net Profit / Share (Rs.)75.8284.6152.0974.7191.23
NP After MI And SOA / Share (Rs.)81.9289.7655.8575.6895.21
PBDIT Margin (%)9.5010.198.5412.8613.09
PBIT Margin (%)5.896.574.848.228.92
PBT Margin (%)4.735.403.807.097.76
Net Profit Margin (%)3.534.032.845.326.03
NP After MI And SOA Margin (%)3.824.273.055.396.29
Return on Networth / Equity (%)8.6710.196.939.9113.76
Return on Capital Employeed (%)10.6512.088.5212.2215.67
Return On Assets (%)5.506.454.266.559.16
Long Term Debt / Equity (X)0.080.120.090.020.04
Total Debt / Equity (X)0.170.140.140.020.04
Asset Turnover Ratio (%)1.491.551.401.201.52
Current Ratio (X)2.793.202.853.153.23
Quick Ratio (X)1.481.431.201.581.70
Inventory Turnover Ratio (X)2.092.052.021.621.78
Dividend Payout Ratio (NP) (%)24.4116.7117.906.6025.20
Dividend Payout Ratio (CP) (%)12.559.058.093.5515.15
Earning Retention Ratio (%)75.5983.2982.1093.4074.80
Cash Earning Retention Ratio (%)87.4590.9591.9196.4584.85
Interest Coverage Ratio (X)8.228.738.2111.4411.32
Interest Coverage Ratio (Post Tax) (X)4.064.453.745.746.22
Enterprise Value (Cr.)2710.032779.463137.922851.571521.75
EV / Net Operating Revenue (X)0.840.881.151.360.67
EV / EBITDA (X)8.928.7113.4610.595.15
MarketCap / Net Operating Revenue (X)0.790.831.111.390.66
Retention Ratios (%)75.5883.2882.0993.3974.79
Price / BV (X)1.811.992.522.551.45
Price / Net Operating Revenue (X)0.790.831.111.390.66
EarningsYield0.040.050.020.030.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Nilkamal Ltd as of November 22, 2024 is: 1,973.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Nilkamal Ltd is Undervalued by 8.81% compared to the current share price 1,814.00

Intrinsic Value of Nilkamal Ltd as of November 22, 2024 is: 1,953.58

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Nilkamal Ltd is Undervalued by 7.69% compared to the current share price 1,814.00

Last 5 Year EPS CAGR: -1.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.42%, which is a positive sign.
  2. The company has higher reserves (919.23 cr) compared to borrowings (242.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.77 cr) and profit (135.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 89.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 125.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Nilkamal Ltd:
    1. Net Profit Margin: 3.53%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.65% (Industry Average ROCE: 15.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.67% (Industry Average ROE: 13.41%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.06
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.48
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23.4 (Industry average Stock P/E: 60.02)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.17
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Nilkamal Ltd. is a Public Limited Listed company incorporated on 05/12/1985 and has its registered office in the State of Dadra & Nagar Haveli, India. Company’s Corporate Identification Number(CIN) is L25209DN1985PLC000162 and registration number is 000162. Currently Company is involved in the business activities of Retail sale in non-specialized stores. Company’s Total Operating Revenue is Rs. 2475.48 Cr. and Equity Capital is Rs. 14.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsSurvey No.354/2 & 354/3, Near Rakholi Bridge, Silvassa Dadra & Nagar Haveli 396230investor@nilkamal.com
http://www.nilkamal.com
Management
NamePosition Held
Mr. Vamanrai V ParekhChairman Emeritus
Mr. Sharad V ParekhChairman
Mr. Hiten V ParekhManaging Director
Mr. Manish V ParekhJoint Managing Director
Mr. Nayan S ParekhExecutive Director
Mr. K R RamamoorthyDirector
Mr. K VenkataramananDirector
Mr. Mahendra V DoshiDirector
Mr. Mufazzal S FederalDirector
Mr. S K PalekarDirector
Mr. Abhay JadejaDirector
Mr. Ashok Kumar GoelDirector
Ms. Kavita R ShahDirector

FAQ

What is the latest intrinsic value of Nilkamal Ltd?

The latest intrinsic value of Nilkamal Ltd as on 21 November 2024 is ₹1973.81, which is 8.81% higher than the current market price of ₹1,814.00.

What is the Market Cap of Nilkamal Ltd?

The Market Cap of Nilkamal Ltd is 2,701 Cr..

What is the current Stock Price of Nilkamal Ltd as on 21 November 2024?

The current stock price of Nilkamal Ltd as on 21 November 2024 is ₹1,814.

What is the High / Low of Nilkamal Ltd stocks in FY 2024?

In FY 2024, the High / Low of Nilkamal Ltd stocks is 2,355/1,630.

What is the Stock P/E of Nilkamal Ltd?

The Stock P/E of Nilkamal Ltd is 23.4.

What is the Book Value of Nilkamal Ltd?

The Book Value of Nilkamal Ltd is 959.

What is the Dividend Yield of Nilkamal Ltd?

The Dividend Yield of Nilkamal Ltd is 1.10 %.

What is the ROCE of Nilkamal Ltd?

The ROCE of Nilkamal Ltd is 11.2 %.

What is the ROE of Nilkamal Ltd?

The ROE of Nilkamal Ltd is 8.70 %.

What is the Face Value of Nilkamal Ltd?

The Face Value of Nilkamal Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Nilkamal Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE