Nikita Greentech Recycling Q4 FY25 Share Price & Earnings Call Analysis
- Market cap
- ₹154 Cr
- P/E
- 13.99
- ROE
- 7.78%
- PEG
- 1.68
- Price to sales
- 0.44
- Debt to equity
- 1.33
- 52W high / low
- ₹151 / ₹56.7
- Sales growth (5Y)
- 24.33%
- EBITDA margin
- 8.14%
- Net profit margin
- 3.16%
- Promoter holding
- 60.14%
- Sales (last year)
- ₹348 Cr
Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products.[1]
Guidance scorecard · Q4 FY25 call
What Nikita Greentech Recycling Ltd's management guided
and where it ranks in Paper, Forest & Jute Products
Paper, Forest & Jute Products
RevenueQ4 FY25 call
0–10%- FY26 is expected to see a modest industry growth reflected in the company's top line, projected around 7-8% growth.
- The 9 megawatt waste-to-energy power plant commissioning is anticipated to result in an exponential jump in growth and margin, especially evident from Q4 FY27.
- Current paper capacity utilization is around 82%, with plans to target at least 10% additional capacity utilization once power constraints ease.
- Focus will be on specialty grade paper, which has a higher CAGR (18-20%), enabling value addition and margin improvement.
2 more points from Nikita Greentech Recycling Ltd's call on revenue
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MarginsQ4 FY25 call
Up 0–2%See what Nikita Greentech Recycling Ltd said on margins — free account, 30 seconds.
CapexQ4 FY25 call
Planned- Nikita Paper successfully raised ₹67.5 crore through IPO in May 2025.
- Approximately ₹50 crore from the IPO proceeds is allocated for setting up a 9 MW refuse-derived fuel (RDF) waste-to-energy power plant.
- The 9 MW plant aims for completion within 15 to 18 months, targeting 100% energy self-sufficiency and a full transition to green power.
- Existing 3.5 MW municipal waste-to-energy plant and 1.5 MW rooftop solar plant are operational.
- No immediate plans to increase paper production capacity beyond current 133,000 tons; focus is on specialty grade paper for value addition.
- Pre-IPO funds of ₹6 crore were used for working capital.
2 more points from Nikita Greentech Recycling Ltd's call on capex
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FundraisingQ4 FY25 call
PlannedSee what Nikita Greentech Recycling Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY25 call
- For the corrugation grade paper (around 88-90% of production), orders are placed well in advance and production is mostly continuous based on these standing orders.
- Certain specific sizes are only produced after receiving confirmed orders due to machine constraints.
- For specialty grade paper, production is done by accumulating a minimum batch size from confirmed orders to meet customized quality and size requirements.
- Overall, production is largely order-backed, especially for specialty grades, while corrugation grades have a regular flow of orders supporting near-continuous manufacturing.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Paper, Forest & Jute Products
on management's own guidance
- 2
- Kuantum PapersModerate growth1
- Satia IndustriesSlow growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Paper, Forest & Jute Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Kuantum Papers | 10–20% | Up 2%+ | ₹630 Cr | 17.4 |
| 2 | Nikita Greentech RecyclingThis stock | 0–10% | Up 0–2% | ₹163 Cr | 14.8 |
| 3 | Satia Industries | 0–10% | Flat | ₹682 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Paper, Forest & Jute Products rankingFinancials of Nikita Greentech Recycling Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Nikita Greentech Recycling Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Nikita Greentech Recycling Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 99 | 117 | 355 | 398 | 338 | 363 | 350 |
| Expenses + | 91 | 105 | 327 | 371 | 298 | 318 | 322 |
| Operating Profit | 8 | 12 | 28 | 28 | 40 | 45 | 28 |
| OPM % | 8% | 11% | 8% | 7% | 12% | 12% | 8% |
| Other Income + | 0 | 0 | 2 | 3 | 13 | 15 | 16 |
| Interest | 4 | 5 | 11 | 11 | 14 | 17 | 18 |
| Depreciation | 3 | 4 | 11 | 10 | 10 | 10 | 9 |
| Profit before tax | 2 | 3 | 8 | 10 | 29 | 33 | 16 |
| Tax % | 56% | 6% | 15% | 12% | 28% | 30% | 32% |
| Net Profit + | 1 | 3 | 7 | 9 | 21 | 23 | 11 |
| EPS in Rs | 11.40 | 12.67 | 4.52 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Nikita Greentech Recycling Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 9 | 9 | 18 | 18 | 25 |
| Reserves | 16 | 19 | 37 | 46 | 63 | 86 | 154 |
| Borrowings + | 82 | 153 | 125 | 163 | 189 | 223 | 237 |
| Other Liabilities + | 9 | 15 | 64 | 39 | 34 | 56 | 74 |
| Total Liabilities | 111 | 192 | 235 | 257 | 304 | 383 | 490 |
| Fixed Assets + | 24 | 99 | 88 | 79 | 96 | 86 | 77 |
| CWIP | 32 | 1 | 6 | 19 | 0 | 2 | 80 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Other Assets + | 56 | 92 | 140 | 157 | 207 | 293 | 332 |
| Total Assets | 111 | 192 | 235 | 257 | 304 | 383 | 490 |
Financials of Nikita Greentech Recycling Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1 | -10 | 28 | -13 | -12 | -20 | 19 |
| Cash from Investing Activity + | -32 | -48 | -11 | -14 | -3 | -2 | -78 |
| Cash from Financing Activity + | 34 | 59 | -16 | 27 | 18 | 17 | 60 |
| Net Cash Flow | 2 | 1 | 1 | 0 | 3 | -5 | 1 |
| Free Cash Flow | -33 | -58 | 17 | -27 | -15 | -22 | -59 |
| CFO/OP | -3% | -73% | 104% | -43% | -19% | -22% | 85% |
Financials of Nikita Greentech Recycling Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 155 | 89 | 85 | 134 | 110 | 129 |
| Inventory Days | 61 | 150 | 65 | 53 | 69 | 86 | 74 |
| Days Payable | 28 | 49 | 73 | 29 | 28 | 55 | 61 |
| Cash Conversion Cycle | 142 | 257 | 80 | 109 | 175 | 142 | 143 |
| Working Capital Days | 47 | 82 | 32 | 26 | 31 | 64 | 128 |
| ROCE % | 6% | 11% | 11% | 16% | 17% | 9% |
Continue your research
What Nikita Greentech Recycling Ltd's management said in earlier quarters
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