Nilkamal hits a new high

Nilkamal is riding high today, literally. The stock hit a new 52-week high today at Rs.507.80. It has since then come off this high and is now at Rs.484, up around 5.5%. Volume shave surged around 4 times.

The company 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.