Nilkamal
Nilkamal is Asia's largest plastic processor of moulded products based in Mumbai, Maharashtra, India. It is also world's largest manufacturer of moulded furniture. Thanks to the boisterous performance of its plastics division, the company ended Q1FY16 on a very high note. On a 10% (YoY) rise in net sales at Rs.455 crore, it posted a 5 times rise in net profit at Rs.25 crore. EBITDA was up 86% at Rs.52 crore. A three times rise in other income also helped.
The company has two segments – plastics and lifestyle furniture. Plastic contributes 87% to the topline and this showed a 9% (YoY) rise in topline and its EBIT more than doubled, up 104%. Lifestyle continued to remain in the red, only gratifying part being that its loss was down 60%. The company’s debt is pretty small at Rs.170 crore. Market cap is at Rs.1332 crore. At as 30th June 2015, promoters held 64.13% stake, FII stake has risen from 2.25% to 2.79% (QoQ).