Nilkamal Ltd. shares were in focus on Tuesday, with the stock rising as much as 10.64% to hit an intraday high of ₹1,635 apiece. According to reports from NDTV Profit, the stock has gained over 22% in the last five trading sessions. At 12:00 pm, the stock had pared some gains but was still trading 6.63% higher at ₹1,575.65. In comparison, the BSE Sensex was down 0.34% at 77,451.
During FY26, the company reported 14% growth in revenue from operations to ₹3,686 crore, compared with ₹3,239 crore in the previous financial year. As reported by NDTV Profit, profit after tax rose to ₹105 crore from ₹91 crore, despite a one-time employee benefit charge of ₹15.41 crore following the implementation of the new Labour Codes. The company's 52-week high stands at ₹1,901.20, while the 52-week low is ₹1,035.50.
A key milestone during the year was that sales from non-plastic furniture, mattresses and foam products exceeded sales from plastic furniture for the first time, reflecting the success of the company's diversification strategy. According to reports from NDTV Profit, the company maintained a healthy balance sheet with net worth at ₹1,466 crore as of March 31, 2026, while total debt was ₹256 crore. The company ended the financial year with a net cash surplus of ₹67 crore.
The company invested ₹44 crore during FY26 to expand its operations, including expanding its ready furniture business and strengthening in-house production capabilities for foam products. As reported by NDTV Profit, the board has recommended a final dividend of ₹20 per equity share, translating into a total payout of ₹29.84 crore. The company also inaugurated its third school in Gujarat under its CSR initiatives.
On the sustainability front, Nilkamal said renewable energy from wind and solar sources accounted for around 16% of its total energy consumption during FY26. According to reports from NDTV Profit, Chairman Vamanbhai Patel highlighted the company's improving business performance, successful product diversification strategy, and healthy financial position during the company's 40th Annual General Meeting held on July 17.
