Nikita Greentech Recycling
NIKITA NSE
Nikita Greentech Recycling
Forest MaterialsNSE: NIKITA Paper & Paper Products
Key Fundamentals
SMEPaper & Paper ProductsForest MaterialsMarket Cap
₹173 Cr
Volatility
Moderate
P/E Ratio
16.9
EBITDA
₹27.88 Cr
Return on Equity
22.11%
Debt to Equity
1.32
Book Value
₹70.21
52W High
₹156
52W Low
₹67.15
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.97 times its book value
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.15.7 Cr.
- Working capital days have increased from 74.6 days to 128 days
Growth Rate
Revenue Growth
-7.68% lower than
3Y
Net Income Growth
-49.43% lower than
3Y
Cash Flow Change
-59.6% lower than
3Y
ROE
3.08% lower than
3Y
ROCE
-9.58% lower than
3Y
EBITDA Margin (Avg.)
-51.28% lower than
3Y
Quarterly Results
| Particulars | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 179 | 166 | 198 | 178 | 172 |
| Expenses | 156 | 146 | 174 | 162 | 160 |
| Operating Profit | 23 | 20 | 24 | 16 | 12 |
| OPM % | 13% | 12% | 12% | 9% | 7% |
| Other Income | 10 | 7 | 8 | 8 | 8 |
| Interest | 8 | 8 | 9 | 10 | 8 |
| Depreciation | 6 | 5 | 5 | 5 | 5 |
| PBT | 20 | 14 | 18 | 10 | 7 |
| Tax % | 36% | 29% | 30% | 34% | 29% |
| Net Profit | 13 | 10 | 13 | 6 | 5 |
| EPS in Rs | 6.95 | 5.57 | 7.1 | 2.56 | 1.95 |
Profit & Loss
| Particulars | 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 |
| PBT | 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 | — | — | — | — | 11.4 | 12.67 | 4.52 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | -1 | -10 | 28 | -13 | -12 | -20 | 19 |
| Investing | -32 | -48 | -11 | -14 | -3 | -2 | -78 |
| Financing | 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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nikita Greentech Recycling insights
52 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Credit Rating
8 Sep - Infomerics reaffirmed ratings and enhanced bank loan facilities to Rs. 227.90 crore on September 8, 2026. 8 Sep - Infomerics reaffirmed ratings and enhanced bank loan facilities to Rs. 227.90 crore on September 8, 2026.
2
Copy of Newspaper Publication
5 Sep - Submitted newspaper ads for 37th AGM notice and FY2026 annual report dispatch. 5 Sep - Submitted newspaper ads for 37th AGM notice and FY2026 annual report dispatch.
3
Shareholders meeting
4 Sep - 37th AGM on September 30, 2026; FY26 annual report and voting details filed. 4 Sep - 37th AGM on September 30, 2026; FY26 annual report and voting details filed.
4
General Updates
4 Sep - Notice of 37th AGM and FY26 annual report; e-voting Sept 27-29, AGM Sept 30, 2026. 4 Sep - Notice of 37th AGM and FY26 annual report; e-voting Sept 27-29, AGM Sept 30, 2026.
5
Updates
4 Sep - 37th AGM on Sept 30, 2026; FY26 annual report, e-voting Sept 27-29, cut-off Sept 23. 4 Sep - 37th AGM on Sept 30, 2026; FY26 annual report, e-voting Sept 27-29, cut-off Sept 23.
Frequently Asked Questions about Nikita Greentech Recycling
What does Nikita Greentech Recycling Ltd do?
Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products.[1]
Where is Nikita Greentech Recycling Ltd (NIKITA) listed?
Nikita Greentech Recycling Ltd trades as NIKITA on the NSE.
Which sector does Nikita Greentech Recycling Ltd belong to?
Nikita Greentech Recycling Ltd is classified under the Forest Materials sector, in the Paper & Paper Products industry.
What is the market capitalisation of Nikita Greentech Recycling Ltd?
Nikita Greentech Recycling Ltd has a market capitalisation of ₹172.68 Cr, which places it in the Small Cap band.
What is the PE ratio of Nikita Greentech Recycling Ltd?
Nikita Greentech Recycling Ltd trades at a PE ratio of 16.90, against a book value of ₹70.21 per share.
What is the 52-week high and low of Nikita Greentech Recycling Ltd?
Over the last 52 weeks Nikita Greentech Recycling Ltd has traded between ₹67.15 and ₹156.
What is the Return on Equity (ROE) of Nikita Greentech Recycling Ltd?
Nikita Greentech Recycling Ltd reported a return on equity of 22.11%. Its debt-to-equity ratio is 1.32.
Company Information
Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products.[1]
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