Nilkamal Ltd, established in 1981 and headquartered in Mumbai, Maharashtra, is a leading Indian company renowned for its expertise in manufacturing and distributing a diverse range of products. It is one of the largest producers of molded plastic furniture globally and a key player in Asia’s plastic processing industry. Nilkamal operates across three primary sectors: furniture, material handling, and mattresses. The furniture division offers a wide array of durable and cost-effective home and office solutions, including chairs, tables, cabinets, and storage products, distinguished by their innovative designs. The material handling segment provides industry-specific solutions like crates, pallets, and containers, catering to sectors such as agriculture, automotive, pharmaceuticals, and logistics. Additionally, the company markets mattresses under the “Nilkamal Mattrezzz” brand, offering affordable sleep solutions. With a strong presence in over 30 countries, Nilkamal’s commitment to quality and innovation has earned it numerous accolades. The company emphasizes sustainability through eco-friendly manufacturing, recycling, and corporate social responsibility initiatives, supporting education, healthcare, and social welfare. Guided by a vision to become a globally recognized brand and a mission to deliver value-driven, customer-centric solutions, Nilkamal continues to enhance lives and contribute to industrial growth.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 64.54% | 64.54% | 64.54% | 64.54% | 64.54% |
| FIIs + | 1.16% | 1.14% | 1.08% | 1.10% | 1.08% |
| DIIs + | 20.01% | 19.13% | 17.69% | 14.31% | 14.41% |
| Public + | 14.31% | 15.20% | 16.70% | 20.05% | 19.97% |
| No. of Shareholders | 17,241 | 18,036 | 19,668 | 22,615 | 21,991 |
The shareholding pattern of Nilkamal Ltd for the period from December 2023 to December 2024 reflects notable stability and changes across various investor categories. The promoters maintained a consistent stake of 64.54% throughout the year, underscoring their long-term commitment to the company. Foreign Institutional Investors (FIIs) showed a marginal decline, from 1.16% in December 2023 to 1.08% by December 2024, with slight fluctuations during the period. Domestic Institutional Investors (DIIs) saw a significant reduction in their holdings, decreasing from 20.01% in December 2023 to 14.41% by December 2024, indicative of a shift in their investment strategies. Conversely, public shareholding exhibited a marked increase, rising from 14.31% in December 2023 to 19.97% by December 2024, reflecting growing interest and participation from retail investors. Additionally, the number of shareholders rose from 17,241 in December 2023 to a peak of 22,615 in September 2024, before settling at 21,991 by the year’s end. These trends highlight evolving investor dynamics and the expanding retail interest in Nilkamal.
Below are the trading platforms that you can use to purchase Nilkamal shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 1,594.77 | 1,226.75 |
| April 2025 | 1,578.98 | 1,214.60 |
| May 2025 | 1,532.99 | 1,179.22 |
| June 2025 | 1,601.97 | 1,232.29 |
| July 2025 | 1,570.56 | 1,208.13 |
| August 2025 | 1,619.14 | 1,245.49 |
| September 2025 | 1,638.57 | 1,260.44 |
| October 2025 | 1,681.17 | 1,293.21 |
| November 2025 | 1,723.20 | 1,325.54 |
| December 2025 | 1,800.74 | 1,385.19 |
As we step into 2025, Nilkamal’s share prices are anticipated to showcase growth with notable fluctuations throughout the year. By March 2025, the maximum price is expected to reach ₹1,594.77, while the minimum could settle at ₹1,226.75. As the year progresses, a steady upward trend is forecasted, culminating in December 2025, when the maximum share price is predicted to climb to ₹1,800.74, and the minimum to ₹1,385.19.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,854.76 | 1,426.74 |
| February 2026 | 1,808.40 | 1,391.07 |
| March 2026 | 1,844.56 | 1,418.90 |
| April 2026 | 1,882.21 | 1,447.85 |
| May 2026 | 1,863.57 | 1,433.52 |
| June 2026 | 1,910.16 | 1,469.35 |
| July 2026 | 1,872.71 | 1,440.54 |
| August 2026 | 1,930.63 | 1,485.10 |
| September 2026 | 1,969.24 | 1,514.80 |
| October 2026 | 2,020.44 | 1,554.18 |
| November 2026 | 2,070.95 | 1,593.04 |
| December 2026 | 2,122.72 | 1,632.86 |
As we move into 2026, Nilkamal’s share prices are projected to exhibit a positive trend with steady growth. By January 2026, the maximum share price is expected to reach ₹1,854.76, while the minimum could be ₹1,426.74. As the months advance, the share prices are anticipated to climb, with December 2026 likely seeing a maximum of ₹2,122.72 and a minimum of ₹1,632.86. This consistent upward trajectory underscores investor optimism and Nilkamal’s strong market performance.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,143.95 | 1,649.19 |
| February 2027 | 2,198.92 | 1,691.48 |
| March 2027 | 2,284.68 | 1,757.45 |
| April 2027 | 2,239.88 | 1,722.99 |
| May 2027 | 2,174.64 | 1,672.80 |
| June 2027 | 2,272.50 | 1,748.08 |
| July 2027 | 2,227.94 | 1,713.80 |
| August 2027 | 2,296.85 | 1,766.81 |
| September 2027 | 2,377.24 | 1,828.65 |
| October 2027 | 2,439.05 | 1,876.19 |
| November 2027 | 2,500.02 | 1,923.10 |
| December 2027 | 2,562.53 | 1,971.17 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,613.78 | 2,010.60 |
| February 2028 | 2,680.80 | 2,062.15 |
| March 2028 | 2,785.35 | 2,142.57 |
| April 2028 | 2,730.73 | 2,100.56 |
| May 2028 | 2,651.20 | 2,039.38 |
| June 2028 | 2,770.50 | 2,131.15 |
| July 2028 | 2,716.18 | 2,089.37 |
| August 2028 | 2,800.18 | 2,153.99 |
| September 2028 | 2,898.19 | 2,229.38 |
| October 2028 | 2,973.54 | 2,287.34 |
| November 2028 | 3,047.88 | 2,344.52 |
| December 2028 | 3,124.08 | 2,403.14 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,186.56 | 2,451.20 |
| February 2029 | 3,268.26 | 2,514.05 |
| March 2029 | 3,395.73 | 2,612.10 |
| April 2029 | 3,329.14 | 2,560.88 |
| May 2029 | 3,232.18 | 2,486.29 |
| June 2029 | 3,377.63 | 2,598.17 |
| July 2029 | 3,311.40 | 2,547.23 |
| August 2029 | 3,413.81 | 2,626.01 |
| September 2029 | 3,533.30 | 2,717.92 |
| October 2029 | 3,625.16 | 2,788.59 |
| November 2029 | 3,715.79 | 2,858.30 |
| December 2029 | 3,808.69 | 2,929.76 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,884.86 | 2,988.35 |
| February 2030 | 3,984.47 | 3,064.98 |
| March 2030 | 4,139.87 | 3,184.51 |
| April 2030 | 4,058.69 | 3,122.07 |
| May 2030 | 3,940.48 | 3,031.14 |
| June 2030 | 4,117.80 | 3,167.54 |
| July 2030 | 4,037.06 | 3,105.43 |
| August 2030 | 4,161.92 | 3,201.47 |
| September 2030 | 4,307.58 | 3,313.53 |
| October 2030 | 4,419.58 | 3,399.68 |
| November 2030 | 4,530.07 | 3,484.67 |
| December 2030 | 4,643.32 | 3,571.79 |
As we progress through 2030, Nilkamal’s share prices are forecasted to experience significant growth. In January 2030, the maximum share price is expected to reach ₹3,884.86, while the minimum could be ₹2,988.35. By December 2030, the shares are likely to achieve a maximum of ₹4,643.32 and a minimum of ₹3,571.79.
Financial Condition of Nilkamal
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,257 | 2,092 | 2,730 | 3,131 | 3,196 | 3,253 |
| Expenses + | 1,973 | 1,836 | 2,506 | 2,819 | 2,903 | 2,974 |
| Operating Profit | 284 | 256 | 224 | 312 | 294 | 279 |
| OPM % | 13% | 12% | 8% | 10% | 9% | 9% |
| Other Income + | 21 | 18 | 18 | 19 | 23 | 20 |
| Interest | 29 | 26 | 31 | 40 | 40 | 38 |
| Depreciation | 94 | 97 | 101 | 113 | 115 | 118 |
| Profit before tax | 182 | 150 | 109 | 177 | 161 | 143 |
| Tax % | 22% | 25% | 24% | 24% | 24% | |
| Net Profit + | 142 | 113 | 83 | 134 | 122 | 108 |
| EPS in Rs | 95.21 | 75.68 | 55.86 | 89.76 | 81.92 | 72.25 |
| Dividend Payout % | 16% | 20% | 27% | 22% | 24% |
Nilkamal’s financial performance over the years reflects steady operational growth and adaptability to market dynamics. From March 2020 to the trailing twelve months (TTM), the company’s sales have shown a consistent upward trend, increasing from ₹2,257 crore in March 2020 to ₹3,253 crore in the TTM. This highlights Nilkamal’s strong market presence and ability to capture customer demand effectively.
Operating profit margins (OPM%) fluctuated during this period, moving from 13% in March 2020 to 9% in the TTM, indicating a moderate impact of rising expenses, which grew from ₹1,973 crore to ₹2,974 crore. Despite these challenges, Nilkamal managed to maintain profitability, with net profit growing from ₹142 crore in March 2020 to ₹108 crore in the TTM. Earnings per share (EPS) stood at ₹72.25 in the TTM, reflecting consistent value creation for shareholders. The dividend payout ratio has varied, peaking at 27% in March 2022 and stabilizing at 24% in March 2024, underlining Nilkamal’s commitment to rewarding investors while sustaining business growth.
FAQs
What is the current market capitalization of Nilkamal?
Nilkamal’s current market capitalization stands at a Strong ₹2,238 crore.
The latest share price of Nilkamal is priced at ₹1,500, reflecting market confidence and potential.
Nilkamal’s share price targets for 2025 range from a promising ₹1,179.22 to an optimistic ₹1,800.74, indicating strong potential for growth and investor interest throughout the year.
Nilkamal’s share price is projected to soar from ₹2,988.35 to ₹4,643.32 in 2030, suggesting substantial growth opportunities and market optimism.
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Conclusion
Nilkamal Ltd has demonstrated steady growth and adaptability across its diverse business segments, supported by strong financial performance and an expanding market presence. Despite fluctuations in operating profit margins due to rising expenses, the company’s consistent sales growth and robust operational strategies reflect its resilience in a competitive landscape. The stable promoter shareholding, coupled with growing public interest, underscores investor confidence in the company’s future potential. With a focus on innovation, sustainability, and customer-centric solutions, Nilkamal is well-positioned to maintain its leadership in the plastic processing industry and continue contributing to industrial growth while delivering value to its stakeholders.
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