Company Overview

NK Industries Limited is engaged in the manufacture, sale, and trading of castor oil and its derivatives in India. The company was formerly known as N K Oil Mills Pvt Ltd and was incorporated in 1987, converting into a Public Limited Company in 1992. Based in Ahmedabad, Gujarat, NK Industries has established itself as a government-recognized export house with over three decades of experience in the castor oil industry.

Business Overview and Products

The company's product portfolio includes:

- Castor Oil Grades: British pharma 93 grade, cold pressed castor oil, commercial grade castor oil, first pressed degummed castor oil, first special grade-F.S.G refined castor oil, and pale pressed grade refined castor oil.

- Castor Meal: DE oiled cake and high protein castor meal.

- Oil Derivatives: 12-hydroxy stearic acid, hydrogenated castor oil flakes/powder, and ricinoleic acid.

- Other Products: Crude glycerin and sodium sulfate anhydrous.

NK Industries, formerly known as NK Oil Mills, was established in 1987. It is engaged in the manufacture, marketing, and export of castor oil and edible oil. The raw material used for the extraction of castor oil is castor seeds. Castor oil finds applications in automobiles, paints, cosmetics, and pharmaceutical industries, and is also used as a source of natural chemicals globally.

The company operates as a government-recognized Export House and has expanded its global reach, exporting to Europe, Brazil, the US, and other regions. With three decades of experience, NK Industries has become one of the largest manufacturers and exporters of castor oil and its derivatives in India.

Manufacturing Capabilities

The factory is equipped with:

- Oil decanters

- Vertical continuous solvent extraction plant

- Continuous oil refining facilities

- Energy-efficient hydrogenous plant

- Quality fatty acid production plant

- Manufacturing facilities for castor oil derivatives

The state-of-the-art manufacturing plant is well-equipped with modern machinery for extraction, refining, and derivative production. While the company has doubled its refining capacities and added facilities, it is currently operating on a job work basis.

Financial Performance and Market Position

Current Market Position

NK Industries Ltd has a market capitalisation of ₹ 39 Crores as on July 18, 2025. As per Value Research classification, it is a Small Cap company. The company's 52-week high share price is ₹ 92.21 and its 52-week low share price is ₹ 43.71.

Financial Results and Trends

The company has faced challenges in recent financial periods.

- Q4 FY24 (Consolidated): Reported a Net Loss of ₹ -0.43 crore on a Total Income of ₹ 3.85 crore.

- FY24 (Consolidated): Reported a Net Loss of ₹ -1.03 crore on a Total Income of ₹ 19.12 crore.

Performance metrics indicate concerning trends:

- Poor sales growth of -31.8% over the past five years.

- Low interest coverage ratio.

- High debtors (506 days).

Recent financial updates include the approval of FY25 audited results with a modified opinion and the appointment of secretarial and internal auditors for the 2025-30 period.

Key Financial Metrics (as of latest available data)

- Revenue (FY25): ₹16.8 Cr

- Net Loss (FY25): ₹3.55 Cr

- Market Capitalization (July 2025): ₹39 Cr

- Promoter Holding (March 2025): 73.28%

Management and Leadership

- Chairman & Managing Director: Nimish K Patel

- Company Secretary & Compliance Officer: Jelin Dodiya

- Non-Executive & Independent Director: Snehal B Patel

Promoter holding in NK Industries Ltd remained stable at 73.28% as of March 2025. There is no promoter pledging recorded for NK Industries Ltd.

Industry Position and Peers

NK Industries Ltd operates in the chemical and agri-processing sectors. Its peers in the Industrials sector include companies like Raj Oil Mills, Ambar Protein, Ambo Agritec, Diligent Indust., Poona Dal & Oil, Prima Industries, and Swasth Foodtech. Other related companies often considered in broader comparisons include Marico Ltd, AWL Agri Business Ltd, Gokul Agro Resources Ltd, KN Agri Resources Ltd, Gokul Refoils and Solvent Ltd.

Corporate Social Responsibility

NK Industries undertakes CSR activities through a trust named "Tirupati Foundation," established in 2014. The company has been focused on maintaining quality, competitive pricing, and strong after-sales service for its clientele.

Conclusion:

NK Industries Limited represents a traditional manufacturing company in the castor oil processing sector with significant export capabilities. While the company faces current financial challenges, its established market position, government recognition as an export house, and comprehensive product portfolio in the castor oil derivatives market position it as a notable player in India's agricultural processing industry.