Nilkamal Limited Earnings Summary — Q4 FY2026

• Net profit surged 68% quarter-on-quarter to ₹42 crores, reflecting strong execution in the final period of the fiscal year.
• Operating Profit Margin improved to 10%, recovering from lower levels in preceding quarters (7-9% range).
• Quarterly revenue hit ₹965 crores, marking a consistent upward trend over the past three quarters.
• The board recommended a final dividend of ₹20 per share for the full fiscal year 2026.
• Efficiency gains are evident in the Cash Conversion Cycle, which reduced from 127 days in FY25 to 109 days in FY26.
• Promoter holding remains stable at 64.54%, while DII holding saw a slight contraction from 14.21% to 13.72% during the quarter.

Management focus remains on strengthening the furniture and material handling divisions while expanding the 'Nilkamal Homes' retail footprint.

Improving

A strong sequential recovery in both net profit and operating margins suggests the company has successfully managed input costs and demand volatility seen earlier in the year.

The company appears well-positioned due to steady capacity expansion in plastic processing and reduced working capital requirements, despite a slight decline in institutional investor (FII/DII) stakes.