Nilkamal surges owing to robust Q4 results
Chirag Gothi / 16 May 2016
Nilkamal has surged 10 per cent on the BSE in early morning trade after posting a standalone net profit that has jumped by 51 per cent at Rs 33 crore for the quarter ended March 31, 2016 as against Rs 22 crore in the corresponding quarter of the previous year.
Nilkamal has surged 10 per cent on the BSE in early morning trade after posting a standalone net profit that has jumped by 51 per cent at Rs 33 crore for the quarter ended March 31, 2016 as against Rs 22 crore in the corresponding quarter of the previous year.
The company’s standalone revenue has grown marginally by 2.65 per cent at Rs 503 crore in Q4FY16. Its standalone operating profit (EBITDA) has grown by 38 per cent at Rs 69 crore along with operating profit margin expanding by 352 bps for the current quarter, i.e. at 13.72 per cent. Volume and Value growth achieved by the company’s plastic business during Q4FY16 stands at 6 per cent and 4 per cent respectively.
EBIT level, plastic segment has reported a growth of 54.44 per cent at Rs 68.64 crore; whereas @home business has reported a loss of more than double, standing at Rs 8.97 crore as compared to loss of Rs 4.18 core in the corresponding period of the previous year. Plastic segment’s EBIT margin has expanded by 334 bps to 13.79 per cent in Q4FY16.
For the entire period of FY16, it has reported standalone net profit growth of 145 per cent at Rs 104 crore, while its revenue has grown by 5 per cent at Rs 1860 crore. Its standalone operating profit (EBITDA) has grown by 56 per cent at Rs 224 crore along with operating profit margin expanding by 396 bps for the current year at 12.04 per cent.
For the entire period of FY16, it has reported consolidated net profit growth of 126 per cent at Rs 104 crore, while its revenue has grown by 5.7 per cent at Rs 1,996 crore. Its standalone operating profit (EBITDA) has grown by 56 per cent at Rs 224 crore along with operating profit margin expanding by 396 bps for the current year at 12.04 per cent.
The company has expanded a total capital expenditure of Rs 38 crore during FY16 towards plant and machinery, factory equipment, etc., including the expenditure towards expansion of its Jammu plant.
On the valuation front, it is currently trading at 17.51 times, price to earnings (P/E) ratio per share of Rs 75.94 as on March 31, 2016. Currently stock is trading up by Rs 90 or 7.2 per cent at Rs 1,335 per share.
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