Declared Dividend • May 16
Dividend of ₹20.00 announced Dividend of ₹20.00 is the same as last year. Ex-date: 10th July 2026 Payment date: 16th August 2026 Dividend yield will be 1.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annuncio • May 15
Nilkamal Limited announces Annual dividend, payable on August 16, 2026 Nilkamal Limited announced Annual dividend of INR 20.0000 per share payable on August 16, 2026, ex-date on July 10, 2026 and record date on July 10, 2026. Reported Earnings • May 15
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: ₹77.45 (up from ₹71.32 in FY 2025). Revenue: ₹37.9b (up 14% from FY 2025). Net income: ₹1.16b (up 8.6% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Annuncio • May 14
Nilkamal Limited, Annual General Meeting, Jul 17, 2026 Nilkamal Limited, Annual General Meeting, Jul 17, 2026, at 11:00 Indian Standard Time. Annuncio • May 06
Nilkamal Limited to Report Q4, 2026 Results on May 14, 2026 Nilkamal Limited announced that they will report Q4, 2026 results on May 14, 2026 Price Target Changed • Mar 10
Price target decreased by 16% to ₹1,639 Down from ₹1,945, the current price target is provided by 1 analyst. New target price is 25% above last closing price of ₹1,316. Stock is down 14% over the past year. The company is forecast to post earnings per share of ₹77.40 for next year compared to ₹71.32 last year. Reported Earnings • Feb 06
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹16.93 (up from ₹14.40 in 3Q 2025). Revenue: ₹9.66b (up 13% from 3Q 2025). Net income: ₹252.6m (up 18% from 3Q 2025). Profit margin: 2.6% (in line with 3Q 2025). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Annuncio • Jan 29
Nilkamal Limited to Report Q3, 2026 Results on Feb 05, 2026 Nilkamal Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹22.49 (vs ₹21.80 in 2Q 2025) Second quarter 2026 results: EPS: ₹22.49 (up from ₹21.80 in 2Q 2025). Revenue: ₹9.71b (up 18% from 2Q 2025). Net income: ₹335.7m (up 3.2% from 2Q 2025). Profit margin: 3.5% (down from 4.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Annuncio • Oct 31
Nilkamal Limited to Report Q2, 2026 Results on Nov 06, 2025 Nilkamal Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Board Change • Aug 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Abhay Jadeja was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 30
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹10.21 (down from ₹12.25 in 1Q 2025). Revenue: ₹8.87b (up 19% from 1Q 2025). Net income: ₹152.4m (down 17% from 1Q 2025). Profit margin: 1.7% (down from 2.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Annuncio • Jul 23
Nilkamal Limited to Report Q1, 2026 Results on Jul 29, 2025 Nilkamal Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Upcoming Dividend • Jul 04
Upcoming dividend of ₹20.00 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 17 August 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.2%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.9%). Reported Earnings • Jun 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹71.32 (down from ₹81.92 in FY 2024). Revenue: ₹33.1b (up 3.6% from FY 2024). Net income: ₹1.06b (down 13% from FY 2024). Profit margin: 3.2% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • May 20
Price target decreased by 11% to ₹2,063 Down from ₹2,306, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ₹1,791. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ₹84.90 for next year compared to ₹71.32 last year. Reported Earnings • May 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹71.32 (down from ₹81.92 in FY 2024). Revenue: ₹33.1b (up 3.6% from FY 2024). Net income: ₹1.06b (down 13% from FY 2024). Profit margin: 3.2% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • May 16
Dividend of ₹20.00 announced Dividend of ₹20.00 is the same as last year. Ex-date: 11th July 2025 Payment date: 17th August 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 10
Nilkamal Limited to Report Q4, 2025 Results on May 14, 2025 Nilkamal Limited announced that they will report Q4, 2025 results on May 14, 2025 Buy Or Sell Opportunity • May 09
Now 26% overvalued Over the last 90 days, the stock has fallen 2.1% to ₹1,649. The fair value is estimated to be ₹1,311, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Buy Or Sell Opportunity • Apr 01
Now 23% overvalued Over the last 90 days, the stock has fallen 17% to ₹1,590. The fair value is estimated to be ₹1,293, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Buy Or Sell Opportunity • Mar 06
Now 24% overvalued Over the last 90 days, the stock has fallen 16% to ₹1,599. The fair value is estimated to be ₹1,289, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Major Estimate Revision • Feb 14
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹34.4b to ₹33.4b. EPS estimate also fell from ₹79.80 per share to ₹65.80 per share. Net income forecast to grow 16% next year vs 28% growth forecast for Packaging industry in India. Consensus price target broadly unchanged at ₹2,401. Share price fell 3.8% to ₹1,619 over the past week. Reported Earnings • Feb 06
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹14.40 (down from ₹19.64 in 3Q 2024). Revenue: ₹8.57b (up 6.7% from 3Q 2024). Net income: ₹214.9m (down 27% from 3Q 2024). Profit margin: 2.5% (down from 3.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Feb 05
Nilkamal Limited Appoints Sagar Mehta as Company Secretary and Compliance Officer Nilkamal Limited approved the appointment of Mr. Sagar Mehta (ACS 44900), as Company Secretary (Key Managerial Personnel) and Compliance Officer of the Company with effect from 5 February, 2025. Brief profile of Mr. Sagar Mehta is attached herewith. Mr. Sagar Mehta is a professional and having expertise in company secretarial, compliance and legal functions. An Associate Member of the Institute of Company Secretaries of India (ICSI), he also holds a Bachelor's degree in Commerce and Law from the University of Murnbai. Mr. Sagar Mehta specializes in corporate law, legal and governance. He has significant experience with various subjects including Initial Public Offerings, Listing Regulations, Due Diligence, and enhancing Corporate Governance. He was previously associated with Manufacturing Company in organic chemical sector for more than 8 years. Annuncio • Jan 30
Nilkamal Limited to Report Q3, 2025 Results on Feb 05, 2025 Nilkamal Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Price Target Changed • Nov 14
Price target increased by 12% to ₹2,378 Up from ₹2,116, the current price target is an average from 2 analysts. New target price is 27% above last closing price of ₹1,877. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₹76.00 for next year compared to ₹81.92 last year. Reported Earnings • Oct 29
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹21.80 (up from ₹16.76 in 2Q 2024). Revenue: ₹8.24b (up 6.3% from 2Q 2024). Net income: ₹325.3m (up 30% from 2Q 2024). Profit margin: 3.9% (up from 3.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 58%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Oct 29
Nilkamal Limited Announces Resignation of Priti Dave as Company Secretary and Compliance Officer Nilkamal Limited announced that Ms. Priti Dave, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company, has submitted he r resignation vide her letter dated 22nd October, 2024 and will be relieved from the services of the Company with effect from close of business hour on 15thNovember. 2024. The Board acknowledged her resignation at its meeting held on 28th October, 2024. Annuncio • Oct 18
Nilkamal Limited to Report Q2, 2025 Results on Oct 28, 2024 Nilkamal Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹12.25 (down from ₹21.73 in 1Q 2024). Revenue: ₹7.43b (down 5.2% from 1Q 2024). Net income: ₹182.8m (down 44% from 1Q 2024). Profit margin: 2.5% (down from 4.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Jul 18
Nilkamal Limited to Report Q1, 2025 Results on Jul 31, 2024 Nilkamal Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of ₹20.00 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 18 August 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.8%). Board Change • Jul 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Director Ashok Kumar Nandkishore Goel was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 28
Nilkamal Limited Announces Board Changes Nilkamal Limited informed that as per the terms of appointment, Mr. K. R. Ramamoorthy (DIN: 00058467), Mr. Mahendra V. Doshi (DIN: 00123243), Mr. Mufazzal S. Federal (DIN: 03409798) and Mr. Sarvadaman K. Palekar (DIN: 01723670) on June 27, 2024, completes their second term as Independent Directors of Nilkamal Limited and accordingly ceases to be an Independent Directors and Members of the Board of Directors of the Company with effect from end of the day on June 27, 2024. The Board of Directors and the Management of the Company place on record their deep appreciation for the contributions made by Mr. K. R. Ramamoorthy, Mr. Mahendra V. Doshi, Mr. Mufazzal S. Federal and Mr. Sarvadaman K. Palekar during their association with the Company over the years. Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹81.92 (down from ₹89.76 in FY 2023). Revenue: ₹32.0b (up 2.1% from FY 2023). Net income: ₹1.22b (down 8.7% from FY 2023). Profit margin: 3.8% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 32%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • May 16
Price target decreased by 12% to ₹2,116 Down from ₹2,412, the current price target is provided by 1 analyst. New target price is 12% above last closing price of ₹1,892. Stock is down 11% over the past year. The company posted earnings per share of ₹81.92 last year. Declared Dividend • May 16
Dividend of ₹20.00 announced Dividend of ₹20.00 is the same as last year. Ex-date: 12th July 2024 Payment date: 18th August 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annuncio • May 16
Nilkamal Limited, Annual General Meeting, Jul 19, 2024 Nilkamal Limited, Annual General Meeting, Jul 19, 2024, at 11:00 Indian Standard Time. Reported Earnings • May 15
Full year 2024 earnings released: EPS: ₹81.92 (vs ₹89.76 in FY 2023) Full year 2024 results: EPS: ₹81.92 (down from ₹89.76 in FY 2023). Revenue: ₹32.1b (up 2.5% from FY 2023). Net income: ₹1.22b (down 8.7% from FY 2023). Profit margin: 3.8% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • May 15
Nilkamal Limited Recommends Final Dividend for the Year Ended March 31, 2024 Nilkamal Limited informed that the Board of Directors of the Company at its meeting held on May 14, 2024. Recommended a final dividend of INR 20 (200%) per equity share of INR 10 each (F.V.) on 14,922,525 Nos. of Equity Shares, which is subject to the approval of the shareholder at the ensuing Annual General Meeting (AGM) of the Company and will be paid on or after 26th July, 2024. Register of Members and the Share Transfer Books of the Company will remain closed from 13th July, 2024 to 19th July, 2024 (both days inclusive), for the purpose of Annual General Meeting and Dividend. The Dividend, if approved will be payable to those Equity Shareholders, holding shares either in physical form or in dematerialized form on the close of 12th July, 2024. Annuncio • May 05
Nilkamal Limited to Report Q4, 2024 Results on May 14, 2024 Nilkamal Limited announced that they will report Q4, 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,030, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Packaging industry in India. Total returns to shareholders of 5.0% over the past three years. Major Estimate Revision • Feb 07
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹35.2b to ₹33.7b. EPS estimate also fell from ₹104 per share to ₹62.00 per share. Net income forecast to grow 20% next year vs 18% growth forecast for Packaging industry in India. Consensus price target broadly unchanged at ₹2,412. Share price fell 4.7% to ₹2,056 over the past week. Reported Earnings • Feb 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹19.64 (down from ₹22.24 in 3Q 2023). Revenue: ₹8.06b (up 6.8% from 3Q 2023). Net income: ₹293.0m (down 12% from 3Q 2023). Profit margin: 3.6% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Annuncio • Jan 22
Nilkamal Limited to Report Q3, 2024 Results on Jan 31, 2024 Nilkamal Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Price Target Changed • Dec 21
Price target decreased by 12% to ₹2,367 Down from ₹2,681, the current price target is provided by 1 analyst. New target price is 5.7% above last closing price of ₹2,239. Stock is up 21% over the past year. The company is forecast to post earnings per share of ₹104 for next year compared to ₹89.76 last year. Annuncio • Dec 15
Nilkamal Limited Announces Board Appointments Nilkamal Limited approved the appointment of Ms. Kavita Shah and Mr. Ashok Kumar Goel as an Additional and Independent Director of the Company for a period of five consecutive years with effect from 18th September, 2023 and 1st November, 2023 respectively. Ms. Kavita Shah aged 56 years, has joined as Additional Director (Independent Director) of Company. She is a Chartered Accountant (FCA) with more than 30 of experience in Accounting, Auditing, Taxation, Company Law matters, Project Financing, Corporate Restructuring, Corporate & Management Consultancy, Merchant Banking, Investment Banking etc. She possesses Merchant Banking Certification from National of Securities Market She is currently working as Partner with Inga Ventures Private Limited, a category Spearheading equity capital market raising- public offering as well private equity including FCCBs and other debt offerings, advisory transactions like open offer under SAST regulations, buy back of shares, delisting, fair valuation of shares, valuation of company, and other products like formati01i of A1Fs, RElTs, lNVlT's etc. \Vas formerly a Practicing Chartered Accountant more than 10 years as a partner with S.H Bathiya Associates engaged in the f-field of Audit, Taxation, Company law matters, Consultancy work, Corporate Finance, etc. Mr. Ashok Kumar Goel is a serial entrepreneur with various businesses. Currently he is investing in different businesses of finance, manufacturing and focused more on ventures which have positive social and environmental impact. As Chairman of Pan India Paryatan Pvt Ltd. he oversees the management of Essel World, the largest amusement park in the country and Water Kingdom, one of the largest Theme Water Parks in Asia. He is a true visionary and a veteran in the entertainment and amusement industry. He was Chairman and Managing Director of Essel Propack Limited (now called EPL Ltd) until 2019 when he divested his majority stake. Under Ashok Goel's leadership, EPL has been ranked no. 1 in laminated tubes in the world and holds a particularly strong position in emerging economies of India and China. He has successfully led the integration of a complex and diverse range of technologies and processes and achieved operational efficiencies and overall integration of different cultures and processes. Ashok was President of Plastlndia Foundation an apex Plastic Industry association, OPPI and Founder President of IAAPI (Indian Association of Amusement Parks and Industries). Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₹117 to ₹104. Revenue forecast unchanged from ₹35.2b at last update. Net income forecast to grow 43% next year vs 21% growth forecast for Packaging industry in India. Consensus price target down from ₹2,681 to ₹2,551. Share price fell 3.7% to ₹2,200 over the past week. Annuncio • Nov 02
Nilkamal Limited Announces Cessation of Mihir H. Parekh as the Director Board of Directors of Nilkamal Limited at its meeting held on 1st November, 2023 have approved and taken on record the following:- Noted and took on record the cessation of Mr. Mihir H. Parekh (DIN: 07308466) as the Director of the Company, with effect from close of business hours on 1 November, 2023 due to resignation. Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹16.76 (up from ₹16.02 in 2Q 2023). Revenue: ₹7.82b (down 3.2% from 2Q 2023). Net income: ₹250.1m (up 4.5% from 2Q 2023). Profit margin: 3.2% (up from 3.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 21
Nilkamal Limited to Report Q2, 2024 Results on Nov 01, 2023 Nilkamal Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Chairman Emeritus Vamanrai Parekh was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 04
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: ₹21.73 (up from ₹19.21 in 1Q 2023). Revenue: ₹7.86b (up 6.2% from 1Q 2023). Net income: ₹324.3m (up 13% from 1Q 2023). Profit margin: 4.1% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 26
Nilkamal Limited to Report Q1, 2024 Results on Aug 03, 2023 Nilkamal Limited announced that they will report Q1, 2024 results on Aug 03, 2023 Annuncio • Jul 08
Nilkamal Limited Approves Final Dividend for the Fiscal Year 2023 Nilkamal Limited approved final dividend for the Fiscal Year 2023 at the rate of 200%, that is INR 20 per Equity share of face value of Share of INR 10 each as against total dividend at the rate of 150%, that is INR 15 per equity share of face value of INR 10 each in the previous year at its Annual General Meeting of the Company held on July 7, 2023. Annuncio • Jun 30
Nilkamal Limited Announces Cessation of Hiroo Mirchandani as Independent Director of the Company Nilkamal Limited announced that Mr. Hiroo Mirchandani ceased to be an Independent Director of the Company at the close of the business hours on June 29,2023, upon completion of her second term of office as an Independent Director. Upcoming Dividend • Jun 23
Upcoming dividend of ₹20.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 06 August 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.0%). Reported Earnings • May 21
Full year 2023 earnings released: EPS: ₹89.76 (vs ₹55.86 in FY 2022) Full year 2023 results: EPS: ₹89.76 (up from ₹55.86 in FY 2022). Revenue: ₹31.4b (up 15% from FY 2022). Net income: ₹1.34b (up 61% from FY 2022). Profit margin: 4.3% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₹87.20 to ₹74.00. Revenue forecast unchanged from ₹30.9b at last update. Net income forecast to grow 54% next year vs 32% growth forecast for Packaging industry in India. Consensus price target up from ₹2,470 to ₹2,538. Share price fell 6.6% to ₹1,912 over the past week. Reported Earnings • Feb 16
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ₹22.24 (down from ₹22.39 in 3Q 2022). Revenue: ₹7.54b (flat on 3Q 2022). Net income: ₹331.8m (flat on 3Q 2022). Profit margin: 4.4% (in line with 3Q 2022). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • Feb 08
Nilkamal Limited to Report Q3, 2023 Results on Feb 14, 2023 Nilkamal Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Buying Opportunity • Dec 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be ₹2,356, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 8.0%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 108% in the next 2 years. Major Estimate Revision • Nov 19
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹97.85 to ₹87.20. Revenue forecast unchanged from ₹31.2b at last update. Net income forecast to grow 52% next year vs 38% growth forecast for Packaging industry in India. Consensus price target down from ₹2,625 to ₹2,470. Share price fell 4.1% to ₹1,936 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from ₹31.2b to ₹30.9b. EPS estimate also fell from ₹97.85 per share to ₹73.70 per share. Net income forecast to grow 42% next year vs 38% growth forecast for Packaging industry in India. Consensus price target of ₹2,543 unchanged from last update. Share price fell 4.8% to ₹1,927 over the past week. Reported Earnings • Nov 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ₹16.02 (down from ₹18.94 in 2Q 2022). Revenue: ₹8.08b (up 9.2% from 2Q 2022). Net income: ₹239.3m (down 15% from 2Q 2022). Profit margin: 3.0% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ₹16.02 (down from ₹18.94 in 2Q 2022). Revenue: ₹8.10b (up 9.5% from 2Q 2022). Net income: ₹239.3m (down 15% from 2Q 2022). Profit margin: 3.0% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Nov 03
Nilkamal Limited to Report Q2, 2023 Results on Nov 10, 2022 Nilkamal Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 10, 2022 Price Target Changed • Oct 10
Price target increased to ₹2,625 Up from ₹2,429, the current price target is an average from 2 analysts. New target price is 29% above last closing price of ₹2,041. Stock is down 24% over the past year. The company is forecast to post earnings per share of ₹97.85 for next year compared to ₹55.86 last year. Major Estimate Revision • Aug 05
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from ₹30.7b to ₹31.2b. EPS estimate increased from ₹84.00 to ₹97.85 per share. Net income forecast to grow 44% next year vs 37% growth forecast for Packaging industry in India. Consensus price target up from ₹2,429 to ₹2,598. Share price rose 9.1% to ₹2,180 over the past week. Reported Earnings • Jul 31
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ₹19.21 (up from ₹1.13 in 1Q 2022). Revenue: ₹7.42b (up 51% from 1Q 2022). Net income: ₹286.6m (up ₹269.8m from 1Q 2022). Profit margin: 3.9% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 465%. Over the next year, revenue is forecast to grow 5.2%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annuncio • Jul 22
Nilkamal Limited to Report Q1, 2023 Results on Jul 29, 2022 Nilkamal Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Jul 29, 2022 Recent Insider Transactions • Jul 02
MD & Executive Director recently bought ₹826k worth of stock On the 28th of June, Hiten Parekh bought around 463 shares on-market at roughly ₹1,785 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹2.5m. This was Hiten's only on-market trade for the last 12 months. Upcoming Dividend • Jun 30
Upcoming dividend of ₹15.00 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 15 August 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (1.3%). Reported Earnings • Jun 23
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹55.86 (down from ₹75.68 in FY 2021). Revenue: ₹27.3b (up 31% from FY 2021). Net income: ₹833.5m (down 26% from FY 2021). Profit margin: 3.1% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 12%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 08
Insider recently bought ₹2.5m worth of stock On the 1st of June, Dhruvi Kumar bought around 1k shares on-market at roughly ₹1,956 per share. In the last 3 months, they made an even bigger purchase worth ₹9.7m. Insiders have collectively bought ₹16m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 02
Insider recently bought ₹1.3m worth of stock On the 30th of May, Dhruvi Kumar bought around 662 shares on-market at roughly ₹1,931 per share. In the last 3 months, they made an even bigger purchase worth ₹9.7m. Despite this recent purchase, insiders have collectively sold ₹4.9m more in shares than they bought in the last 12 months. Major Estimate Revision • May 30
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from ₹30.3b to ₹30.7b. EPS estimate fell from ₹103 to ₹84.00 per share. Net income forecast to grow 50% next year vs 22% growth forecast for Packaging industry in India. Consensus price target down from ₹2,559 to ₹2,429. Share price fell 6.6% to ₹1,945 over the past week. Reported Earnings • May 24
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₹55.86 (down from ₹75.68 in FY 2021). Revenue: ₹27.4b (up 31% from FY 2021). Net income: ₹833.5m (down 26% from FY 2021). Profit margin: 3.0% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 10%, compared to a 12% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • May 18
Nilkamal Limited to Report Q4, 2022 Results on May 23, 2022 Nilkamal Limited announced that they will report Q4, 2022 results on May 23, 2022 Recent Insider Transactions • Apr 02
Insider recently bought ₹4.4m worth of stock On the 28th of March, Dhruvi Kumar bought around 2k shares on-market at roughly ₹2,146 per share. In the last 3 months, they made an even bigger purchase worth ₹9.7m. Despite this recent purchase, insiders have collectively sold ₹6.2m more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 19
Insider recently bought ₹4.5m worth of stock On the 14th of March, Dhruvi Kumar bought around 2k shares on-market at roughly ₹2,082 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹32m more in shares than they bought in the last 12 months. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: ₹22.39 (down from ₹36.39 in 3Q 2021). Revenue: ₹7.57b (up 21% from 3Q 2021). Net income: ₹334.2m (down 39% from 3Q 2021). Profit margin: 4.4% (down from 8.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 14%, compared to a 8.0% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annuncio • Feb 03
Nilkamal Limited to Report Q3, 2022 Results on Feb 10, 2022 Nilkamal Limited announced that they will report Q3, 2022 results on Feb 10, 2022 Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹18.94 (vs ₹33.19 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹7.39b (up 38% from 2Q 2021). Net income: ₹282.6m (down 43% from 2Q 2021). Profit margin: 3.8% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹2,942, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Packaging industry in Asia. Total returns to shareholders of 74% over the past three years. Upcoming Dividend • Jul 20
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 03 September 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.1%). Reported Earnings • Jul 07
Full year 2021 earnings released: EPS ₹75.68 (vs ₹95.22 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹20.9b (down 7.3% from FY 2020). Net income: ₹1.13b (down 21% from FY 2020). Profit margin: 5.4% (down from 6.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 11
Insider recently sold ₹18m worth of stock On the 8th of June, Deepak Mehta sold around 8k shares on-market at roughly ₹2,322 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹28m more than they sold in the last 12 months. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹75.68 (vs ₹95.22 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹21.1b (down 6.6% from FY 2020). Net income: ₹1.13b (down 21% from FY 2020). Profit margin: 5.4% (down from 6.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 31
Insider recently sold ₹3.4m worth of stock On the 23rd of March, Deepak Mehta sold around 2k shares on-market at roughly ₹1,988 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought ₹41m more than they sold in the last 12 months. Recent Insider Transactions • Mar 13
MD & Executive Director recently bought ₹2.7m worth of stock On the 8th of March, Hiten Parekh bought around 2k shares on-market at roughly ₹1,829 per share. This was the largest purchase by an insider in the last 3 months. This was Hiten's only on-market trade for the last 12 months. Price Target Changed • Feb 23
Price target raised to ₹1,865 Up from ₹1,515, the current price target is provided by 1 analyst. The new target price is close to the current share price of ₹1,813. As of last close, the stock is up 27% over the past year.