Nikita Greentech Recycling Ltd.

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nikitapapers.comBSE: -NSE: NIKITA

Market Cap₹ 185 Cr.

Current Price

High / Low₹ 156 / 67

Stock P/E16.6

Book Value₹ 45

Price to Book1.60

Dividend Yield0.00 %

ROCE16.6 %

ROE24.9 %

Face Value₹ 10

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ABOUT

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 22.8%
Company has delivered good sales growth of 29.6% CAGR over last 5 years
Operating margins have improved to 12.3% from 7.8%
Attractively priced for its growth - PEG of 0.2

CONS

Company has a high debt-to-equity of 2.14x
Operating cash flow has been negative in recent years
A large part of profit comes from other income (45.2% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.46x)
Equity base is being diluted - shares outstanding up 111.0%
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Forest MaterialsPaperPaper & Paper Products

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	JKPAPER	394.75	22.07	7157.56	1.01	136.27	59.49	1887.17	12.72	7.80	15.39
2.	WSTCSTPAPR	627.30	18.04	4143.25	0.48	141.84	135.37	1051.26	10.12	7.11	19.34
3.	SESHAPAPER	230.55	14.69	1454.04	0.87	31.91	106.80	492.08	27.68	5.60	8.85
4.	ANDHRAPAP	61.06	43.95	1214.18	0.82	303.16	1322.95	3937.71	900.89	1.99	12.39
5.	TNPL	145.60	3.86	1007.71	2.75	57.40	874.63	11466.40	903.98	5.85	10.02
6.	PDMJEPAPER	91.06	9.49	864.61	0.66	33.72	-6.95	202.92	3.29	20.10	17.53
7.	NRAIL	502.30	13.76	854.87	0.40	34.98	111.33	646.96	43.09	8.25	11.48
8.	KUANTUM	71.61	17.30	624.89	3.49	6.23	-48.34	303.75	36.87	5.24	13.20
9.	SATIA	57.16	0.00	571.60	0.70	-171.20	-641.72	3618.15	875.45	10.53	14.04
10.	RAMANEWS	31.16	0.00	459.68	0.00	-10.50	-29.46	9.72	6.02	1.87	-7.68
11.	BBTCL	224.00	13.81	459.45	0.00	14.39	727.77	180.47	18.53	3.03	18.69
12.	NIKITA	75.05	16.62	185.13	0.00	—	—	—	—	16.57	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	81	92	106	109	100	118	356	398	339	364
	76	85	99	101	92	106	329	371	298	320
Operating Profit	5	7	8	8	8	12	28	28	48	60
OPM %	6	8	8	8	8	11	8	7	14	16
Other Income	0	0	0	0	0	0	0	0	8	15
Interest	2	3	4	4	4	5	11	11	14	17
Depreciation	2	3	3	3	3	4	11	10	10	10
	1	1	1	2	2	3	6	7	29	33
Tax %	32	29	30	18	56	6	30	25	28	29
Net Profit	0	1	1	1	1	3	5	5	21	23
EPS	0	1	2	3	1	6	9	3	11	13
Dividend Payout %	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	1	1	1	3	3	3	11	13

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 30%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 43%
5 Years:: 98%
3 Years:: 72%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -40%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 20%
3 Years:: 23%
Last Year:: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	5	5	5	5	5	5	9	9	18	18
	12	13	14	15	16	19	41	46	63	86
	16	21	21	26	26	40	60	84	131	132
Trade Payables	2	5	5	4	4	9	29	24	16	37
	26	24	24	21	60	119	101	95	76	109
Total Liabilities	61	67	69	71	111	192	239	257	304	383
ASSETS	-	-	-	-	-	-	-	-	-	-
	28	27	27	26	24	99	93	84	96	86
Capital Work in Progress	2	0	0	0	32	1	6	19	0	2
	0	0	0	0	0	0	1	1	1	1
	6	5	9	14	9	28	41	42	42	59
	0	0	0	0	0	0	0	0	124	110
Cash & Bank	1	1	2	1	3	4	5	5	8	3
	23	33	31	30	43	60	92	106	33	122
Total Assets	61	67	69	71	111	192	239	257	304	383
Total Debt	38	40	40	44	82	153	144	163	189	223
Net Working Capital	10	10	12	11	16	31	32	29	37	67
Contingent Liabilities	0	0	0	0	0	0	0	0	2	2
Book Value per Share	22.56	23.89	25.66	28.28	29.68	35.67	50.68	56.97	44.63	57.29
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-4	3	6	3	-1	-10	9	10	-12	-20
Cash from Investing	-8	-0	-2	-2	-32	-48	-11	-14	-3	-2
Cash from Financing	11	-2	-4	-2	34	59	3	5	18	17
	-0	1	1	-1	2	1	1	0	3	-5
Free Cash Flow	-12	3	4	1	-33	-57	-1	-4	-15	-22
OCF / Net Profit	-10.78	3.62	7.07	1.95	-0.68	-3.10	2.05	1.81	-0.60	-0.87
Cumulative 5-Year FCF	0	0	0	0	-37	-82	-86	-94	-110	-100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	0.67	1.38	1.79	2.62	1.48	6.00	5.23	6.31	11.40	12.67
Book Value (₹)	22.56	23.89	25.66	28.28	29.68	35.67	50.68	56.97	44.63	57.29
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.32	3.75	3.99	4.13	3.40	7.38	9.31	9.38	17.03	18.24
PROFITABILITY
Operating Margin %	5.67%	7.55%	7.44%	7.62%	8.18%	10.56%	7.84%	7.03%	11.88%	12.30%
Net Margin %	0.40%	0.72%	0.85%	1.23%	0.76%	2.60%	1.26%	1.37%	6.12%	6.32%
ROE %	3.03%	5.93%	7.21%	9.72%	5.10%	18.36%	14.56%	11.73%	31.84%	24.86%
ROCE %	6.96%	8.67%	9.62%	10.13%	7.24%	6.23%	9.60%	9.05%	17.69%	16.57%
	0.62%	1.10%	1.34%	1.92%	0.83%	2.02%	2.09%	2.19%	7.38%	6.70%
EFFICIENCY
Debtor Days	80	98	103	95	103	123	70	82	117	117
Inventory Days	27	21	23	37	42	58	36	38	45	50
Payable Days	28	23	30	26	26	36	30	34	33	39
	79	96	96	105	119	145	75	86	130	129
FINANCIAL HEALTH
Debt to Equity (x)	3.32x	3.28x	3.07x	3.03x	5.37x	8.41x	3.29x	3.32x	2.33x	2.14x
Interest Coverage (x)	1.21x	1.29x	1.35x	1.41x	1.44x	1.64x	1.60x	1.67x	3.05x	2.94x
	1.48x	1.36x	1.41x	1.35x	1.49x	1.51x	1.31x	1.23x	1.22x	1.35x
GROWTH
Revenue Growth %	30.09%	13.29%	15.70%	2.78%	-8.71%	18.27%	201.91%	11.76%	-15.00%	7.63%
Operating Profit Growth %	-1.94%	50.82%	9.24%	3.63%	-2.06%	52.72%	124.17%	0.19%	72.85%	23.11%
Net Profit Growth %	-47.41%	104.47%	29.79%	46.65%	-43.64%	306.22%	46.89%	20.71%	281.01%	11.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	80.58%	11.07%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.12x	4.00x

Shareholding Pattern

Numbers in percentages

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2025	Mar 2026
	61.89	61.89	61.89	64.77	64.77	47.16	58.95	58.95
	0.00	0.00	0.00	0.00	0.00	0.00	3.01	0.90
	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	38.11	38.11	38.11	35.23	35.23	52.84	37.97	40.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for NIKITA

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Nikita Greentech Recycling Ltd.

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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