Nilkamal Limited is a plastic products manufacturer based in Mumbai, India. It holds the distinction of being the world's largest manufacturer of moulded furniture and Asia's largest processor of plastic moulded products. The company was formerly incorporated as Nilkamal Plastics Limited on December 5th, 1985, promoted by the Parekh family, and subsequently changed its name to Nilkamal Limited effective October 5th, 2006.
The company began manufacturing plastic furniture in 1980, which helped establish its strong foothold in the industry. This venture grew into the legacy of two first-generation entrepreneurs, Mr. Vamanrai Parekh (Chairman & Co-founder of Nilkamal Ltd.) and Mr. Sharad Parekh (Managing Director & Co-founder of Nilkamal Ltd.). Nilkamal Limited has been listed on the National Stock Exchange and the Bombay Stock Exchange since 1991.
Nilkamal Ltd is a prominent manufacturer and retailer of furniture products. The company offers a wide range of products including plastic moulded chairs, sofas, and ready-to-assemble furniture. Additionally, it provides essential material handling products such as plastic crates, industrial pallets, waste bins, insulated crates, and wash crates. Nilkamal caters to diverse sectors including automobile, pharmaceutical, engineering, electrical, hospitality and catering, logistics, textiles, electronics, retail, food and beverages, supermarkets, agriculture, and seafood industries.
The company operates through multiple business divisions, focusing on three key verticals: Moulded furniture, Ready Furniture, and Mattresses. Nilkamal is recognized as the world's largest manufacturer of moulded furniture and Asia's largest processor of plastic moulded products. The company also extends its reach to consumers through a chain of retail stores under the @home brand.
With 60 large-format stores, Nilkamal Homes offers premium quality living room sets, bedroom furniture, soft furnishings, and modern home accessories, all crafted to enrich living spaces. Nilkamal EDGE represents the thoughtfully designed, professional furniture identity of Nilkamal Limited, providing a one-stop solution for furniture needs across office, education, healthcare, and public seating environments.
Nilkamal operates extensive manufacturing facilities located in Samba, Greater Noida, Pondicherry, Barjora, Sinnar, Nashik, and Silvassa. The company has also established joint manufacturing ventures in Bangladesh (Nilkamal Padma Plastics) and Sri Lanka (Nilkamal Eswaran Plastics). All of Nilkamal's manufacturing plants occupy a massive total constructed area of 1 million sqft, are ISO 9001/2008 Certified, and adhere to 6 Sigma manufacturing processes, ensuring high-quality production standards.
Nilkamal's financial performance demonstrates steady growth and strong fundamentals:
• Q4 FY25 Performance: Net profit surged 58% QoQ to ₹34.22 crore, with revenue increasing by 4.65% to ₹894.01 crore.
• Q4 FY25 vs. Q4 FY24: Net profit declined 3.89% to ₹34.13 crore in Q4 FY25 compared to ₹35.51 crore in Q4 FY24. Sales rose 7.17% to ₹894.01 crore in Q4 FY25 against ₹834.19 crore in Q4 FY24.
• Dividend: The company declared a final dividend of ₹20 per share for Q4 FY25.
For the full financial year 2025, key metrics include:
• Revenue (TTM): ₹3,312.74 crore
• Annual Revenue Growth: 4%
• Pre-tax Margin: 4%
• Return on Equity (ROE): 7%
• Debt to Equity Ratio: 14%
As of June 6th, 2025, Nilkamal Ltd (NILKAMAL) commands a market capitalization of ₹2,569.81 Crore.
Key valuation metrics are:
• P/E (Price-to-Earnings) Ratio: 24.15
• P/B (Price-to-Book) Ratio: 1.82
• Current Dividend Yield: 1.16%
Stock Performance:
• 52-week High: ₹2,105
• 52-week Low: ₹1,494.05
Promoter holding in Nilkamal Ltd increased to 64.54% as of March 2025 from 64.54% as of June 2024.
• Dividend Recommendation: A final dividend of ₹20/- (200%) per equity share has been recommended.
• AGM Announcement: Nilkamal will hold its 39th Annual General Meeting (AGM) on July 18, 2025, where the final dividend, director re-appointments, and auditor appointments will be discussed.
• Brand Trust: Nilkamal Limited has been named India's Most Trusted Furniture Plastic Brand for the 10th consecutive year, as per the 12th Edition of TRA's Brand Trust Report 2023.
Nilkamal is at the forefront of innovation, particularly in its specialized divisions:
• Honeycomb Structured Boards: This division offers unique honeycomb structured boards aimed at revolutionizing printing, packaging, and protection solutions. During FY22, the company launched three new products: PalletGUARD LITE, PalletGUARD Neo, and DiscGUARD.
• Mattress Production: In 2011, the company diversified into mattress production, establishing manufacturing units in Hosur.
Nilkamal Sleep epitomizes thoughtful design, extending beyond just mattresses. Through a design-led approach, the company meticulously caters to the unique sleep needs of every individual. By embracing the latest sleep science, Nilkamal Sleep products transcend conventional offerings, providing holistic sleep solutions crafted to elevate the overall sleep experience.
The company continues to strengthen its position as India's leading plastic furniture and material handling solutions provider through strategic investments in manufacturing capabilities, product innovation, and market expansion across multiple business segments.
