Nilkamal

By Research Desk
about 10 years ago
Nilkamal

 

Nilkamal is Asia's largest plastic processor of moulded products based in Mumbai, Maharashtra, India. It is also world's largest manufacturer of moulded furniture. The market has given a big thumbs up to its Q4FY15 performance. On a 6% (YoY) rise in net sales at Rs.488 crore, the company posted a 57% jump in net profit at Rs.22 crore. EBITDA was up 17% at Rs.49 crore while margins improved from 9.13% to 1%. The company ended FY15 with a consolidated net profit of Rs.50 crore.

The company has two segments – plastics and lifestyle furniture. Plastic contributes 86% to the topline and this showed a 13% (YoY) rise in topline in Q4 though EBIT was largely flat. Lifestyle put on a poor show with revenue dipping 1% and loss of Rs.9 crore at EBIT levels. Debt is pretty small at Rs.170 crore at end of FY15, down 37%. Market cap is at Rs.725 crore. At as 31st March 2015, promoters held 64.13% stake, FII stake has risen from 1.57% to 2.25% (QoQ).

 

1815.05 (+2.95)

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