Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · NILKAMAL LIMITED · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
NILKAMAL LIMITED
NSE: NILKAMAL · BSE: 523385
NSE: NILKAMAL · BSE: 523385
Consumer Discretionary › Consumer Durables › Consumer Durables › Plastic Products - Consumer
NILKAMAL LIMITED
StateQ1 FY27 filed
Last close · 8 Oct 2026₹1,840.50
Market cap₹2.7k cr
TTM P/E · P/B · EV/EBITDA19.6 · 1.74 · 7.2
NILKAMAL LIMITED is a Consumer Durables company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,730 | 3,131 | 3,196 | 3,313 | 3,778 |
| EBITDA (ex other income) | 221 | 308 | 290 | 282 | 313 |
| margin % | 8.1 | 9.8 | 9.1 | 8.5 | 8.3 |
| Owners' profit | 83 | 134 | 122 | 106 | 116 |
| EPS, as reported (₹) | 55.86 | 89.76 | 81.92 | 71.32 | 77.45 |
| ROE % · ROCE % | 6.9 · 8.5 | 10.2 · 12.1 | 8.7 · 10.7 | 12.3 · 9.0 | 7.4 · 9.6 |
| Debt / equity (x) | 0.15 | 0.14 | 0.18 | 0.25 | 0.16 |
| Cash from operations | 69 | 190 | 250 | 247 | 306 |
| Capex | (164) | (196) | (156) | (270) | (153) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NILKAMAL LIMITED · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 822 | 854 | 894 | 883 | 1,851 | 962 | 965 | 820 |
| Profit before tax | 41 | 26 | 45 | 17 | 60 | 30 | 51 | 31 |
| Net profit | 33 | 22 | 34 | 15 | 49 | 25 | 42 | 24 |
| EPS (₹) | 21.80 | 14.40 | 22.87 | 10.21 | 32.70 | 16.93 | 27.82 | 16.29 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Business to Business | 3,309 | 71.0 |
| Retail and Ecommerce | 500 | 10.7 |
| Business to Business (B2B) | 852 | 18.3 |
| Total, before eliminations | 4,661 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SHAILY ENG PLASTICS LTD | 14,090 | 79.6 | 19.66 | 49.5 | 23.7 | 28.3 | — | 29.7 |
| SAFARI IND (INDIA) LTD | 6,316 | 38.3 | 5.67 | 21.3 | 15.1 | 17.9 | 44.2 | 14.0 |
| VIP INDUSTRIES LTD | 3,892 | — | 13.44 | — | (116.8) | (59.1) | 24.6 | (1.2) |
| NILKAMAL LIMITED ◆ | 2,746 | 19.6 | 1.74 | 8.9 | 7.4 | 7.3 | 12.5 | 9.7 |
| BAI-KAKAJI POLYMERS LIMITED | 623 | 35.8 | — | — | — | 19.3 | — | — |
| PRIMA PLASTICS LTD. | 141 | 7.1 | 0.73 | 4.8 | 11.0 | 10.4 | 6.1 | 21.3 |
| AVRO INDIA LIMITED | 79 | 2.2 | 0.88 | 7.6 | 5.1 | 6.5 | — | 8.5 |
| NIRAJ ISPAT IND LTD | 17 | 11.3 | 1.08 | — | 10.2 | 10.8 | — | 50.0 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.6 | 15.4 | 5 of 8 | 43% |
| P/B | 1.7 | 1.7 | 4 of 7 | 50% |
| ROCE | 7.3 | 8.9 | 6 of 10 | 44% |
| ROE | 7.3 | 8.8 | 5 of 8 | 43% |
| Debt / Equity | 0.2 | 0.2 | 4 of 8 | 57% |
| EBITDA margin | 9.7 | 17.7 | 6 of 8 | 29% |
| Revenue growth | (7.2) | (6.8) | 6 of 9 | 38% |
| Profit growth | 59.2 | (5.5) | 1 of 8 | 100% |
| Market cap | 2746 | 623 | 4 of 9 | 63% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NILKAMAL LIMITED · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Routine dematerialisation compliance certificate for Q2 FY26 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 23 Sept 2026 · Madanlal Jain acquires 5.42% in Nilkamal via off-market gift transfer | ownership changes | low | — | — |
| 23 Sept 2026 · Seetha Kumari gifts 5.42% stake in Nilkamal via off-market transfer | ownership changes | medium | — | — |
| 10 Sept 2026 · Nilkamal: GST appeal rejected, demand of Rs 7.22 lakh upheld | business updates | medium | — | — |
| 4 Sept 2026 · Nilkamal newspaper ad on potential share transfer to IEPF Account | compliance | minimal | — | — |
| 20 Aug 2026 · Nilkamal responds to NSE query on unusual volume increase | regulatory legal | medium | — | — |
| 19 Aug 2026 · NSE seeks clarification on unusual trading volume in Nilkamal | regulatory legal | medium | — | — |
| 1 Aug 2026 · Q1 FY27: Revenue down 7.5% at Rs 799 cr, PAT up 145% at Rs 23 cr | board shareholder meetings | medium | — | — |
| 1 Aug 2026 · Nilkamal Q1 FY27: PAT up 145% but revenue dips 8% on B2B weakness | results | high | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in