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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Nilkamal Ltd

About the Company - Nilkamal Ltd

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, 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. Mihir H ParekhNon Executive Director
Ms. Hiroo MirchandaniDirector
Mr. K R RamamoorthyDirector
Mr. K VenkataramananDirector
Mr. Mahendra V DoshiDirector
Mr. Mufazzal S FederalDirector
Mr. S K PalekarDirector

Nilkamal Ltd. Share Price Update

Share PriceValue
Today₹1,981.00
Previous Day₹1,999.30

Basic Stock Data of Nilkamal Ltd

Market Cap 2,948 Cr.
Current Price 1,976
High / Low2,805/1,672
Stock P/E21.8
Book Value 900
Dividend Yield1.01 %
ROCE13.3 %
ROE10.5 %
Face Value 10.0

Data Source: screener.in

Competitors of Nilkamal Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mayur Uniquoters Ltd 2,281 Cr. 519618/41519.8 1840.38 %17.8 %14.4 % 5.00
Plastiblends India Ltd 687 Cr. 264358/13921.2 1531.51 %9.20 %6.82 % 5.00
Sintex Plastics Technology Ltd 69.3 Cr. 1.092.51/0.98 3.560.00 %276 %977 % 1.00
Omfurn India Ltd 68.1 Cr. 83.398.7/31.015.3 34.90.00 %18.6 %16.7 % 10.0
Avro India Ltd 144 Cr. 142171/93.735.7 26.60.00 %20.5 %17.8 % 10.0
Industry Average649.88 Cr201.8818.4080.410.38%68.42%206.54%6.20

Nilkamal Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales534627680492739756742740808754829783776
Expenses448529601462672682692671742678732709714
Operating Profit87977930677450696676977462
OPM %16%16%12%6%9%10%7%9%8%10%12%10%8%
Other Income94432210445669
Interest55777788991099
Depreciation24242524252527272829292829
Profit before tax6672502384426373243644232
Tax %25%25%24%5%25%24%24%23%25%23%25%23%22%
Net Profit5054382283420292433483225
EPS in Rs33.1836.3925.511.1318.9422.4013.4019.2116.0222.2332.3121.7316.76

Nilkamal Ltd Quarterly Chart

Nilkamal Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,5171,7021,7371,8951,9262,0242,1242,3622,2572,0922,7303,1313,142
Expenses1,3551,5631,5801,7361,6911,7891,8822,1461,9731,8362,5062,8192,832
Operating Profit161140157159235235242216284256224312310
OPM %11%8%9%8%12%12%11%9%13%12%8%10%10%
Other Income10328810202118181925
Interest41454332211416182926314037
Depreciation43485257555150529497101113115
Profit before tax78486671168178187166182150109177182
Tax %21%20%28%28%31%30%34%29%22%25%24%24%
Net Profit6238485111612412411814211383134139
EPS in Rs40.9524.8931.5333.8376.4382.1182.7478.6395.2175.6855.8689.7693.03
Dividend Payout %10%16%13%13%9%13%16%17%16%20%27%22%

Nilkamal Ltd Profit & Loss Yearly Chart

Nilkamal Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:12%
TTM:5%
Compounded Profit Growth
10 Years:13%
5 Years:1%
3 Years:-1%
TTM:28%
Stock Price CAGR
10 Years:30%
5 Years:9%
3 Years:3%
1 Year:9%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:9%
Last Year:11%

Nilkamal Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515151515151515151515
Reserves3994304725106137278349261,0171,1241,1871,2991,328
Borrowings36940832420910583935966230354351389
Other Liabilities200220230235265268306294452354397410401
Total Liabilities9831,0731,0419699981,0931,2481,2941,5511,7241,9532,0752,133
Fixed Assets349365357306273271344399592634695782758
CWIP94215329142718262228
Investments0025444247513435353235
Other Assets6257036806576777498498308981,0361,1971,2391,312
Total Assets9831,0731,0419699981,0931,2481,2941,5511,7241,9532,0752,133

Nilkamal Ltd Reserves and Borrowings Chart

Nilkamal Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 657416616718311212117525220369190
Cash from Investing Activity -86-57-38-15-42-73-96-107-147-120-94-164
Cash from Financing Activity 17-19-131-151-142-38-20-73-100-7160-71
Net Cash Flow-4-2-31-204-451334-45

Nilkamal Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days515350485154584853544251
Inventory Days11411110589100105116103119154145127
Days Payable373534293735523545604944
Cash Conversion Cycle128130121107114125122116127148139134
Working Capital Days89928173738895858910810198
ROCE %16%12%13%14%26%24%23%19%19%14%9%13%

Nilkamal Ltd Financial Efficiency Indicators Chart

Nilkamal Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters64.33%64.53%64.53%64.53%64.53%64.53%64.53%64.54%64.54%64.54%64.54%64.54%
FIIs1.97%2.07%2.13%2.18%2.20%2.13%1.93%1.87%1.44%1.10%1.02%1.16%
DIIs17.83%18.14%18.77%19.43%19.45%19.58%19.82%19.72%19.86%19.80%19.84%20.22%
Public15.87%15.26%14.57%13.86%13.82%13.76%13.72%13.90%14.16%14.57%14.59%14.08%
No. of Shareholders26,43825,11023,38620,18620,36119,74020,06119,77419,59318,45917,19917,448

Nilkamal Ltd Shareholding Pattern Chart

No. of Nilkamal Ltd Shareholders

Nilkamal Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund12892282.18285.45
HDFC Small Cap Fund - Regular Plan7243000.63160.37
Kotak Small Cap Fund - Regular Plan7175071.19158.86
HDFC Multi Cap Fund1494930.3333.1
HDFC Retirement Savings Fund - Equity - Regular Plan729570.416.15
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan200000.374.43
DSP Value Fund36350.110.8

Nilkamal Ltd ROCE Trend

Nilkamal Ltd EPS Trend

Nilkamal Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)89.7655.8675.6895.2178.63
Diluted EPS (Rs.)89.7655.8675.6895.2178.63
Cash EPS (Rs.)160.60119.78139.83154.37108.76
Book Value[Excl.RevalReserv]/Share (Rs.)881.20805.64764.23692.24635.56
Book Value[Incl.RevalReserv]/Share (Rs.)881.20805.64764.23692.24635.56
Revenue From Operations / Share (Rs.)2098.091829.511402.041512.611583.09
PBDIT / Share (Rs.)213.93156.27180.38198.10151.71
PBIT / Share (Rs.)137.9588.58115.26134.96117.09
PBT / Share (Rs.)113.4369.5599.49117.47106.48
Net Profit / Share (Rs.)84.6152.0974.7191.2374.14
NP After MI And SOA / Share (Rs.)89.7655.8575.6895.2178.63
PBDIT Margin (%)10.198.5412.8613.099.58
PBIT Margin (%)6.574.848.228.927.39
PBT Margin (%)5.403.807.097.766.72
Net Profit Margin (%)4.032.845.326.034.68
NP After MI And SOA Margin (%)4.273.055.396.294.96
Return on Networth / Equity (%)10.196.939.9113.7612.46
Return on Capital Employeed (%)12.088.5212.2215.6716.21
Return On Assets (%)6.454.266.559.169.06
Long Term Debt / Equity (X)0.120.090.020.040.04
Total Debt / Equity (X)0.140.140.020.040.05
Asset Turnover Ratio (%)1.561.401.201.521.87
Current Ratio (X)3.202.853.153.233.61
Quick Ratio (X)1.431.201.581.701.79
Inventory Turnover Ratio (X)2.062.021.621.782.30
Dividend Payout Ratio (NP) (%)16.7117.906.6025.2016.53
Dividend Payout Ratio (CP) (%)9.058.093.5515.1511.47
Earning Retention Ratio (%)83.2982.1093.4074.8083.47
Cash Earning Retention Ratio (%)90.9591.9196.4584.8588.53
Interest Coverage Ratio (X)8.738.2111.4411.3214.29
Interest Coverage Ratio (Post Tax) (X)4.453.745.746.227.99
Enterprise Value (Cr.)2779.463137.922851.571521.752178.91
EV / Net Operating Revenue (X)0.881.151.360.670.92
EV / EBITDA (X)8.7113.4610.595.159.62
MarketCap / Net Operating Revenue (X)0.831.111.390.660.90
Retention Ratios (%)83.2882.0993.3974.7983.46
Price / BV (X)1.992.522.551.452.27
Price / Net Operating Revenue (X)0.831.111.390.660.90
EarningsYield0.050.020.030.090.05

Nilkamal Ltd Profitability Ratios (%)

Nilkamal Ltd Liquidity Ratios

Nilkamal Ltd Liquidity Ratios (%)

Nilkamal Ltd Interest Coverage Ratios (%)

Nilkamal Ltd Valuation Ratios

Fair Value of Nilkamal Ltd Stock

Fair Value: ₹2080.91

The stock is undervalued by 5.31% compared to the current price ₹1976

*Investments are subject to market risks

Strength and Weakness of Nilkamal Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.83%, which is a positive sign.
  2. The company has higher reserves (835.85 cr) compared to borrowings (233.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.77 cr) and profit (135.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 118.77 and average Dividend Yield of 7.19%.
  2. The stock has a high average Working Capital Days of 89.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 125.92, which may not be favorable.

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