NSE: NILKAMAL · BSE: 523385 · ISIN INE310A01015
Nilkamal Limited stock analysis
Nilkamal Limited ranks #2150 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.6%, quarterly sales growth of -7.2% and quarterly profit growth of 59.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.27×
- Strong CFO/EBITDA of 0.92×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,730cr | ₹224cr | ₹83cr | 8.0% |
| 2023 | ₹3,131cr | ₹312cr | ₹134cr | 10.0% |
| 2024 | ₹3,196cr | ₹294cr | ₹122cr | 9.0% |
| 2025 | ₹3,313cr | ₹286cr | ₹107cr | 9.0% |
| 2026 | ₹3,778cr | ₹332cr | ₹116cr | 9.0% |
| TTM | ₹3,715cr | ₹345cr | ₹125cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Nilkamal Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineNilkamal Ltd - 523385 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011BSE · 23 Sept 2026The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seetha Kumari & PACs
RoutineAction(s) taken or orders passedNSE · 10 Sept 2026Nilkamal Limited has informed the Exchange about Action(s) taken or orders passed
RoutineNilkamal Ltd - 523385 - Information Under Regulation 30 Of SEBI. - LODRBSE · 10 Sept 2026Information under Regulation 30 of the SEBI - LODR
MANAGEMENT COMMENTARY
Signals from filed documents
We will leverage our core strengths brand credibility, experienced leadership, sharp portfolio strategy, world-class manufacturing footprint, and a strong logistics backbone to unlock the next phase of growth. To support this vision, we are undertaking strategic capacity expansion through investments in advanced machinery and infrastructure across all four manufacturing units. In parallel, the rollout of a Transport
The business is well-positioned to scale from FY 2026-27. Moulded Furniture The Moulded Furniture business of Nilkamal Limited delivered a steady performance in FY 2025-26, achieving an overall growth of 1% over the previous year, while continuing to strengthen its market leadership and brand equity. The business also witnessed multiple new product launches, with a strong focus on design innovation and premiumization
To mitigate this risk, the Company adopts a multipronged approach comprising supplier diversification, strategic sourcing, continuous monitoring of commodity markets, inventory optimisation, and focused operational efficiency initiatives. Wherever feasible, timely pricing actions are undertaken to partially offset adverse movements in raw material costs. Geographical Risk To minimise the risks associated with geograp
Over the past few years, Nilkamal has made significant strategic investments across its businesses, many of which have now commenced production. In the Furniture segment, we have undertaken meaningful backward integration, including the establishment of a highly automated ready-to-assemble furniture line, as well as in-house polyurethane foam manufacturing for mattresses, sofas, and chairs. These initiatives are expe
This transition represents a structural evolution towards higher-value, design-led offerings, while also enhancing resilience by reducing exposure to raw material volatility. Both B2B and B2C verticals delivered on their growth ambitions for the year, driven by disciplined geographic expansion and a steadily widening customer base. In our B2C business, we introduced innovative, customizable furniture solutions an ind
A notable inflection point was the blockade of the Strait of Hormuz on 28 th February 2026, which led to a sharp escalation in raw material prices. Key inputs such as polypropylene and polyethylene witnessed price increases of up to 45% within a span of three weeks. This has necessitated calibrated price adjustments across our product portfolio and has had a temporary impact on demand.
These initiatives have resulted in a measurable reduction in the Company’s carbon footprint and reinforce its long-term commitment to responsible environmental stewardship. Board’s Report 28 Nilkamal Limited The Management remains steadfast in its commitment to sustainable development and prudent use of natural resources, while ensuring full compliance with applicable statutory and regulatory requirements. Certificat
The control environment is aligned with the Company’s operational requirements and business scale. The Internal Audit Plan, approved by the Audit Committee, focuses on key risk areas and evaluates the effectiveness of internal controls and compliance requirements across the Company’s operations. The Internal Audit Department, with support from external experts, executes the audit programme.
The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditor
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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