Nilkamal Limited is one of the world’s largest producers of moulded plastic furniture. It manufactures and markets other types of furniture as well. The company was launched by Vamanrai Parekh and Sharad Parekh. Nilkamal was listed on the National Stock Exchange in 1991. Since then, the company has expanded into international markets in Africa, South America, and the Middle East.
On 21 December 2022, the market capitalisation of the company was Rs 2,788.50 crore. It reported consolidated sales of Rs 2,475 crore at the end of September 2022. The total income of the company during the fiscal fourth quarter of 2022 was Rs 810 crore which was a significant increase compared to the third quarter (during which the total income was Rs 742 crore).
The company is listed on the Bombay Stock Exchange with the code 523385 and the National Stock Exchange with the code NILKAMAL.
Vamanrai V Parekh is the chairman emeritus of the company, while the chairman of the company is Sharad V Parekh. Hiten V Parekh, Manish V Parekh, Mihir H Parekh, Nayan S Parekh, and Hiroo Mirchandani are the other directors of the company. The company’s chief financial officer is Paresh Mehta. B S R & Co. LLP are the auditors of Nilkamal Limited.
On 21 December 2022, Nilkamal Limited’s share price was Rs 1,871.40 on BSE, while it was Rs. 1,871.60 on the NSE. The share price touched a 52-week high of Rs 2,767.20 and a 52-week low of Rs 1,695.30. Its three-month return to investors was -11.64%, while its one-year return was -20.86%.
The promoters of Nilkamal Limited have a stake of 67.54% in the company, while non-institutional investors have a stake of 15.7%. Domestic mutual funds have a stake of 19.52%, while foreign institutional investors do not have any stake in the company.
As of November 2022, DSP Small Cap Direct-G had invested Rs 247 crore in the company, while HDFC Small Cap Direct-G and Kotak Small Cap Direct-G had invested Rs 142 and Rs 123 crore, respectively.
The company’s peers include Mayur Uniquoter, Responsive Ind., Mold Tek Pack, and others.
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