NILKAMAL

Nilkamal share price & financials

Price
₹1,290.9
Market cap
₹3.1k Cr
Sector
Consumer Durables

What Nilkamal Ltd does

Nilkamal manufactures moulded plastic furniture, industrial material-handling and storage products (crates, pallets, metal racking), rigid packaging and protective bubbleguard packaging, factory-made wood and metal institutional furniture (education, healthcare), sofas and office seating, and mattresses and foam for consumer and industrial use. The company also runs a retail business selling furniture and household items directly to consumers under its Nilkamalhomes arm. It operates through three named business divisions — Material Handling, Furniture, and Nilkamalhomes — and extends abroad through subsidiaries in Sri Lanka and the UAE plus a joint venture with US foodservice-equipment maker Cambro.

Segments

  • Material Handling Division
  • Furniture Division
  • Nilkamalhomes Division
Manufacturing footprint
11 plants across 8 Indian states/UTs — Barjora (WB), Bhiwandi (MH), Hosur (TN), Jammu (J&K), Kharadpada (DNH&DD), Noida (UP), Puducherry, Sinnar (MH), Vasona (DNH&DD), Gurugram (Haryana), Malpura (Haryana)
Operating divisions
3 — Material Handling, Furniture, Nilkamalhomes
Market position
Market leader in moulded plastic furniture in India; one of the largest producers of moulded plastic furniture globally
International subsidiaries
Nilkamal Eswaran Plastics Pvt Ltd and Nilkamal Eswaran Marketing Pvt Ltd in Sri Lanka; Nilkamal Crates and Bins – FZE in UAE
Joint venture
Cambro Nilkamal Private Limited — JV with US foodservice-equipment maker Cambro
Product range
Material handling & storage, moulded and metal furniture, rigid and bubbleguard packaging, mattresses and foam, office seating, and furniture/household retail
Founded 1985Headquarters Silvassa, Dadra and Nagar Haveli and Daman and Diu, India (registered office); Head Office in Powai, Mumbai Company website

Quarterly results

Q1 FY27: revenue down 7.5%, net profit up 130.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue802 832 877 864 948 +18%933 +12%941 +7%799 −8%
EBITDA74 58 81 54 81 +9%82 +41%90 +11%71 +31%
Net profit28 15 35 10 33 +18%22 +47%41 +17%23 +130%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +30.6% 1Y

₹1.0k₹1.2k₹1.4k₹1.6k₹1.8k₹2.0k₹2.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,570.3 on 10 Sept 2025 → ₹2,050.8. High ₹2,116.5 (4 Sept 2026), low ₹1,066.7 (30 Mar 2026).

Financials, as filed

Revenue grew 5.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.3%.

Year endingFY23FY24FY25FY26
Revenue₹3.1k Cr₹3.1k Cr₹3.2k Cr₹3.7k Cr
Operating profit₹308 Cr₹279 Cr₹267 Cr₹307 Cr
Operating margin9.8%8.9%8.2%8.3%
Interest₹36 Cr₹37 Cr₹41 Cr₹44 Cr
Depreciation₹113 Cr₹114 Cr₹119 Cr₹141 Cr
Net profit₹134 Cr₹108 Cr₹92 Cr₹106 Cr
Net margin4.3%3.4%2.8%2.9%
Cash from operations₹194 Cr₹243 Cr₹242 Cr₹304 Cr
Free cash flow₹14 Cr₹108 Cr₹-32 Cr₹160 Cr
ROCE13.0%11.0%9.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹15 Cr₹15 Cr₹15 Cr₹15 Cr₹15 Cr₹15 Cr
Reserves₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.5k Cr₹1.5k Cr
Borrowings₹227 Cr₹354 Cr₹351 Cr₹406 Cr₹539 Cr₹418 Cr
Other liabilities₹319 Cr₹383 Cr₹399 Cr₹394 Cr₹505 Cr₹507 Cr
Total liabilities₹1.6k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.6k Cr₹2.4k Cr
Fixed assets₹591 Cr₹688 Cr₹777 Cr₹769 Cr₹978 Cr₹1.0k Cr
Capital work in progress₹19 Cr₹26 Cr₹22 Cr₹38 Cr₹56 Cr₹22 Cr
Investments₹87 Cr₹4 Cr₹4 Cr₹34 Cr₹51 Cr₹25 Cr
Other assets₹903 Cr₹1.2k Cr₹1.2k Cr₹1.3k Cr₹1.5k Cr₹1.3k Cr
Total assets₹1.6k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.6k Cr₹2.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.50 pp while DIIs trimmed −1.48 pp. The shareholder count shrank 2% to 21,248.

Promoters
64.5%
FIIs
1.0%
DIIs
12.9%
Public
21.6%

Since Jun 2025

  • Public +1.50 pp
  • DIIs −1.48 pp
  • FIIs −0.03 pp

How it drifted, 12 quarters

Over this window the public went from 14.1% to 21.6% — +7.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.5%, FIIs 1.2%, DIIs 20.2%, Public 14.1%.Dec '23: Promoters 64.5%, FIIs 1.2%, DIIs 20.0%, Public 14.3%.Mar '24: Promoters 64.5%, FIIs 1.1%, DIIs 19.1%, Public 15.2%.Jun '24: Promoters 64.5%, FIIs 1.1%, DIIs 17.7%, Public 16.7%.Sep '24: Promoters 64.5%, FIIs 1.1%, DIIs 14.3%, Public 20.1%.Dec '24: Promoters 64.5%, FIIs 1.1%, DIIs 14.4%, Public 20.0%.Mar '25: Promoters 64.5%, FIIs 1.0%, DIIs 14.4%, Public 20.1%.Jun '25: Promoters 64.5%, FIIs 1.0%, DIIs 14.4%, Public 20.1%.Sep '25: Promoters 64.5%, FIIs 1.0%, DIIs 14.3%, Public 20.1%.Dec '25: Promoters 64.5%, FIIs 1.0%, DIIs 14.2%, Public 20.3%.Mar '26: Promoters 64.5%, FIIs 1.0%, DIIs 13.7%, Public 20.8%.Jun '26: Promoters 64.5%, FIIs 1.0%, DIIs 12.9%, Public 21.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Nilkamal Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Nayan S. Parekh 14.76%unchanged
Hiten V. Parekh 12.07%unchanged
Manish Vamanrai Parekh 10.16%unchanged
Nilkamal Builders Private Limited 9.81%unchanged
DSP Small Cap Fund Mutual fund7.90%unchanged
Heirloom Finance Private Limited 6.11%unchanged
Seetha Kumari 5.46%unchanged
Kotak Small Cap Fund Mutual fund4.55%unchanged
Purvi Nayan Parekh 2.92%unchanged
Manju M. Parekh 2.63%unchanged
Mihir Hiten Parekh 1.55%unchanged
Late Vamanrai V. Parekh 0.89%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹2051, this stock must grow earnings at 18% every year for 7 years. Our analysis caps realistic growth at ~-8%. At that growth it is worth ₹501 — downside of 76%.

Growth the price implies
18.3% a year
for 7 years, fading to 4%
It has actually compounded at
-7.5% a year
net profit, FY23–FY26 · EPS -7.8%
The gap
0.3 pp
-76% downside if it only repeats history
Price today ₹2,050.8 Value at the reference growth ₹501.48

Change the assumptions yourself →

Learn to analyse Nilkamal Ltd

Guides on how to read this kind of business and the numbers that matter.