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Last Updated: April 2, 2026, 3:24 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523385 | NSE: NILKAMAL

Nilkamal Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹878.38Overvalued by 24.28%vs CMP ₹1,160.00

P/E (14.6) × ROE (7.3%) × BV (₹1,010.00) × DY (1.72%)

₹1,085.47Fairly Valued by 6.43%vs CMP ₹1,160.00
MoS: -6.9% (Negative)Confidence: 48/100 (Moderate)Models: 4 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹925.4222%Over (-20.2%)
Graham NumberEarnings₹1,283.6616%Under (+10.7%)
Earnings PowerEarnings₹317.4913%Over (-72.6%)
DCFCash Flow₹643.7313%Over (-44.5%)
Net Asset ValueAssets₹1,010.477%Over (-12.9%)
EV/EBITDAEnterprise₹2,360.909%Under (+103.5%)
Earnings YieldEarnings₹725.107%Over (-37.5%)
ROCE CapitalReturns₹1,397.047%Under (+20.4%)
Revenue MultipleRevenue₹2,221.435%Under (+91.5%)
Consensus (9 models)₹1,085.47100%Fairly Valued
Key Drivers: Wide model spread (₹317–₹2,361) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.4%

*Investments are subject to market risks

Investment Snapshot

55
Nilkamal Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 9.6% AverageROE 7.3% AverageD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +14% YoY GrowingProfit (4Q): -1% YoY Declining
Industry Rank50/100 · Moderate
P/E 14.6 vs industry 32.3 Cheaper than peersROCE 9.6% vs industry 16.0% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Nilkamal Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 14.6 vs Ind 32.3 | ROCE 9.6% | ROE 7.3% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.02x | IntCov 0.0x | Current 3.15x | Borrow/Reserve 0.36x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹107 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.02 pp | DII -0.13 pp | Prom 0.00 pp
Business Momentum
-32
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -0.6% | Q NP -26.5% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-6.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.36xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.02 ppLatest FII% minus previous FII%
DII Change-0.13 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,287Latest shareholder count minus previous count
Quarterly Sales Change-0.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-26.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:24 am

Market Cap 1,730 Cr.
Current Price 1,160
Intrinsic Value₹1,085.47
High / Low 1,901/1,036
Stock P/E14.6
Book Value 1,010
Dividend Yield1.72 %
ROCE9.57 %
ROE7.32 %
Face Value 10.0
PEG Ratio2.73

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

View Share Price Target for Nilkamal Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Nilkamal Ltd 1,730 Cr. 1,160 1,901/1,03614.6 1,0101.72 %9.57 %7.32 % 10.0
Parin Furniture Ltd 629 Cr. 566 725/31295.5 50.90.04 %11.6 %10.5 % 10.0
TPL Plastech Ltd 449 Cr. 57.6 95.5/50.016.1 19.51.74 %19.8 %17.0 % 2.00
Plastiblends India Ltd 327 Cr. 126 232/12110.1 1681.98 %10.3 %7.58 % 5.00
Multibase India Ltd 218 Cr. 173 308/15617.4 66.330.6 %18.6 %13.8 % 10.0
Industry Average6,264.50 Cr584.0532.34182.193.70%15.97%13.13%6.10

All Competitor Stocks of Nilkamal Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 754829783776803834743822854894883968962
Expenses 678732709714731753686744791809825882872
Operating Profit 76977462738156776385588590
OPM % 10%12%10%8%9%10%8%9%7%10%7%9%9%
Other Income 566944656365-9
Interest 910991099101111111111
Depreciation 29292829292929303031343537
Profit before tax 43644232384824432846204533
Tax % 23%25%23%22%23%26%23%24%23%26%22%25%23%
Net Profit 33483225293618332234153425
EPS in Rs 22.2332.3121.7316.7619.6323.8012.2521.8014.4022.8710.2122.5016.93

Last Updated: March 3, 2026, 4:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,7371,8951,9262,0242,1242,3622,2572,0922,7303,1313,1963,3133,707
Expenses 1,5801,7361,6911,7891,8822,1461,9731,8362,5062,8192,9033,0273,389
Operating Profit 157159235235242216284256224312294286318
OPM % 9%8%12%12%11%9%13%12%8%10%9%9%9%
Other Income 328810202118181923186
Interest 43322114161829263140404344
Depreciation 5257555150529497101113115120136
Profit before tax 6671168178187166182150109177161141144
Tax % 28%28%31%30%34%29%22%25%24%24%24%24%
Net Profit 485111612412411814211383134122107109
EPS in Rs 31.5333.8376.4382.1182.7478.6395.2175.6855.8689.7681.9271.3272.51
Dividend Payout % 13%13%9%13%16%17%16%20%27%22%24%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)6.25%127.45%6.90%0.00%-4.84%20.34%-20.42%-26.55%61.45%-8.96%-12.30%
Change in YoY Net Profit Growth (%)0.00%121.20%-120.55%-6.90%-4.84%25.18%-40.76%-6.13%87.99%-70.40%-3.34%

Nilkamal Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:7%
TTM:9%
Compounded Profit Growth
10 Years:7%
5 Years:-5%
3 Years:9%
TTM:-4%
Stock Price CAGR
10 Years:6%
5 Years:4%
3 Years:-10%
1 Year:-18%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:9%
Last Year:7%

Last Updated: September 5, 2025, 11:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:43 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151515151515151515151515
Reserves 4725106137278349261,0171,1241,1871,2991,3951,4721,492
Borrowings 32420910583935966230354351406531539
Other Liabilities 230235265268306294452354397410405527505
Total Liabilities 1,0419699981,0931,2481,2941,5511,7241,9532,0752,2212,5442,552
Fixed Assets 357306273271344399592634695782775936978
CWIP 2153291427182622387556
Investments 254442475134353532714751
Other Assets 6806576777498498308981,0361,1971,2391,3381,4871,466
Total Assets 1,0419699981,0931,2481,2941,5511,7241,9532,0752,2212,5442,552

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 16616718311212117525220369190250247
Cash from Investing Activity + -38-15-42-73-96-107-147-120-94-164-156-224
Cash from Financing Activity + -131-151-142-38-20-73-100-7160-71-3234
Net Cash Flow -31-204-451334-456257
Free Cash Flow 132151143332263160129-8710113-20
CFO/OP 115%120%100%72%73%102%106%93%42%74%95%98%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-167.00-50.00130.00152.00149.00157.00218.0026.00-130.00-39.00-112.00-245.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 504851545848535442515351
Inventory Days 10589100105116103119154145127118133
Days Payable 342937355235456049444358
Cash Conversion Cycle 121107114125122116127148139134128127
Working Capital Days 4348597379848910088927972
ROCE %13%14%26%24%23%19%19%14%9%13%11%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%64.54%
FIIs 1.10%1.02%1.16%1.16%1.14%1.08%1.10%1.08%1.01%1.00%1.02%1.00%
DIIs 19.80%19.84%20.22%20.01%19.13%17.69%14.31%14.41%14.41%14.38%14.34%14.21%
Public 14.57%14.59%14.08%14.31%15.20%16.70%20.05%19.97%20.05%20.09%20.10%20.25%
No. of Shareholders 18,45917,19917,44817,24118,03619,66822,61521,99121,91621,70122,40021,113

Shareholding Pattern Chart

No. of Shareholders

Nilkamal Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 1,178,358 1.02 163.91,289,2282025-12-08 06:53:45-8.6%
Kotak Small Cap Fund 683,778 0.58 95.11708,5772026-02-23 01:10:21-3.5%
HDFC Multi Cap Fund 141,442 0.1 19.67143,1622026-01-25 00:37:41-1.2%
HDFC Retirement Savings Fund - Equity 71,742 0.14 9.98N/AN/AN/A
HDFC Retirement Savings Fund - Hybrid Equity 15,000 0.12 2.09N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 71.3281.8289.7655.8675.68
Diluted EPS (Rs.) 71.3281.8289.7655.8675.68
Cash EPS (Rs.) 146.95153.16160.60119.78139.83
Book Value[Excl.RevalReserv]/Share (Rs.) 996.61945.46881.20805.64764.23
Book Value[Incl.RevalReserv]/Share (Rs.) 996.61945.46881.20805.64764.23
Revenue From Operations / Share (Rs.) 2219.962141.952098.091829.511402.04
PBDIT / Share (Rs.) 197.04203.54213.93156.27180.38
PBIT / Share (Rs.) 116.55126.20137.9588.58115.26
PBT / Share (Rs.) 89.22101.44113.4369.5599.49
Net Profit / Share (Rs.) 66.4575.8284.6152.0974.71
NP After MI And SOA / Share (Rs.) 71.3281.9289.7655.8575.68
PBDIT Margin (%) 8.879.5010.198.5412.86
PBIT Margin (%) 5.245.896.574.848.22
PBT Margin (%) 4.014.735.403.807.09
Net Profit Margin (%) 2.993.534.032.845.32
NP After MI And SOA Margin (%) 3.213.824.273.055.39
Return on Networth / Equity (%) 7.158.6710.196.939.91
Return on Capital Employeed (%) 9.0010.6512.088.5212.22
Return On Assets (%) 4.185.506.454.266.55
Long Term Debt / Equity (X) 0.130.080.120.090.02
Total Debt / Equity (X) 0.250.170.140.140.02
Asset Turnover Ratio (%) 1.391.491.551.401.20
Current Ratio (X) 2.302.793.202.853.15
Quick Ratio (X) 1.171.481.431.201.58
Inventory Turnover Ratio (X) 5.162.092.052.021.62
Dividend Payout Ratio (NP) (%) 28.0424.4116.7117.906.60
Dividend Payout Ratio (CP) (%) 13.1712.559.058.093.55
Earning Retention Ratio (%) 71.9675.5983.2982.1093.40
Cash Earning Retention Ratio (%) 86.8387.4590.9591.9196.45
Interest Coverage Ratio (X) 7.218.228.738.2111.44
Interest Coverage Ratio (Post Tax) (X) 3.434.064.453.745.74
Enterprise Value (Cr.) 2530.872710.032779.463137.922851.57
EV / Net Operating Revenue (X) 0.760.840.881.151.36
EV / EBITDA (X) 8.618.928.7113.4610.59
MarketCap / Net Operating Revenue (X) 0.690.790.831.111.39
Retention Ratios (%) 71.9575.5883.2882.0993.39
Price / BV (X) 1.541.811.992.522.55
Price / Net Operating Revenue (X) 0.690.790.831.111.39
EarningsYield 0.040.040.050.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Manufacture of plastics products. Company's Total Operating Revenue is Rs. 3239.32 Cr. and Equity Capital is Rs. 14.92 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Plastic & Plastic ProductsSurvey No.354/2 & 354/3, Near Rakholi Bridge, Silvassa Dadra & Nagar Haveli 396230Contact not found
Management
NamePosition Held
Mr. Sharad V ParekhChairman
Mr. Hiten V ParekhManaging Director
Mr. Nayan S ParekhJoint Managing Director
Mr. Manish V ParekhJoint Managing Director
Mr. Abhay JadejaDirector
Mr. Ashok Kumar GoelDirector
Mr. K VenkataramananDirector
Ms. Kavita R ShahDirector

FAQ

What is the intrinsic value of Nilkamal Ltd and is it undervalued?

As of 05 April 2026, Nilkamal Ltd's intrinsic value is ₹1085.47, which is 6.42% lower than the current market price of ₹1,160.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.32 %), book value (₹1,010), dividend yield (1.72 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Nilkamal Ltd?

Nilkamal Ltd is trading at ₹1,160.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,901 and low of ₹1,036. The stock is currently near its 52-week low. Market cap stands at ₹1,730 Cr..

How does Nilkamal Ltd's P/E ratio compare to its industry?

Nilkamal Ltd has a P/E ratio of 14.6, which is below the industry average of 32.34. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Nilkamal Ltd financially healthy?

Key indicators for Nilkamal Ltd: ROCE of 9.57 % is on the lower side compared to the industry average of 15.97%; ROE of 7.32 % is below ideal levels (industry average: 13.13%). Dividend yield is 1.72 %.

Is Nilkamal Ltd profitable and how is the profit trend?

Nilkamal Ltd reported a net profit of ₹107 Cr in Mar 2025 on revenue of ₹3,313 Cr. Compared to ₹83 Cr in Mar 2022, the net profit shows an improving trend.

Does Nilkamal Ltd pay dividends?

Nilkamal Ltd has a dividend yield of 1.72 % at the current price of ₹1,160.00. The company pays dividends, though the yield is modest.

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
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