As of 6 Nov 2026, Nilkanth Resources trades at 37.9× trailing earnings, above the industry P/E of 33.8×, and the shares are 23% below their 52-week high. It earns ROCE of 20% and ROE of 16%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.12× equity. It is a small-cap company with a market cap of ₹151 Cr, ranked 99th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 716% over the past year.
- ₹220.50
- ₹225.00
- ₹216.00
- ₹224.90
- 5.4K
Health check
- ReturnsAhead
+716.3% over a year, better than 7 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityAverage
ROCE 20.3% vs peer median 24.8%.
- Balance sheetStretched
Debt 0.12× equity, interest covered 111.7×, Piotroski 3 of 9.
- Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
High beta
Key metrics
- Market cap
- ₹151 Cr
- Small cap
- P/E
- 37.9
- Industry 33.8
- Price to book
- 6.07
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 16.4%
- Peers 19.1%
- ROCE
- 20.3%
- Peers 24.8%
- Debt to equity
- 0.12
- Debt ₹2.96 Cr
- EPS (TTM)
- ₹5.70
- OPM (TTM)
- −0.3%
- Net margin 48.4%
- Sales growth
- +192.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 18.34
- EV/EBITDA 26.3
Strengths and risks
Strengths
- Return on capital employed of 20.3%.
- Quarterly sales up 192.6% on a year ago.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- Interest coverage of only −41.3×.
About Nilkanth Resources
Nilkanth Resources Limited manufactures roto gravure printing cylinders in India. Its products are used in rotogravure printing, anilox rollers for Flexo, adhesive coating, and decorative printing applications. The company is also involved in generating power from wind turbine generator; and trading business of goods. The company was formerly known as Lippi Systems Limited and changed its name to Nilkanth Resources Limited in October 2026. Nilkanth…
- Headquarters
- Ahmedabad
- Employees
- 4
- Sector
- Industrials
- ISIN
- INE845B01018
- Website
- lippisystems.com
Price range
- Avg volume (3M)
- 8.8K
- 1-year return
- plus 716.3%
- From 52-week high
- minus 23.2%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| LIPPISYSNilkanth Resources | 216.00 | minus 3.96% | 151 | 37.9 | – | 20.3% | −0.3% | 0.12 | – | plus 716.3% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| −0.2 | −0.5 | −0.6 | −0.8 | −0.2 | |
| 0.1 | 0.1 | 7.4 | 0.3 | 0.4 | |
| – | – | – | 0 | – | |
| 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | |
| −0.3 | −0.6 | 6.7 | −0.7 | −0 | |
| 20.3% | 26.8% | 25.3% | 24.9% | 174.3% | |
| −0.2 | −0.5 | 5 | −0.5 | −0 | |
| -0.32 | -0.66 | 7.10 | -0.74 | -0.00 |
Profit & loss
- ROE
- 16.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.9 | −1.1 | −0.8 | −1.9 | |
| 0.6 | 0.8 | 0.5 | 8 | |
| 0 | 0 | 0 | 0 | |
| 0.9 | 0.9 | 0.8 | 0.7 | |
| −0 | −0 | −0 | −0.3 | |
| −2.2 | −1.2 | −1.1 | 5.1 | |
| 25.8% | 25.9% | 32.0% | 25.4% | |
| −1.6 | −0.9 | −0.7 | 3.8 | |
| -2.31 | -1.23 | -1.06 | 5.39 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7 | 7 | 7 | 7 | |
| 15.7 | 14.9 | 14.1 | 17.9 | |
| 0.2 | 0.8 | 0 | 3 | |
| 1.7 | 1.2 | 0.8 | 1.2 | |
| 24.6 | 24 | 22 | 29.1 | |
| 20.1 | 19.2 | 15.3 | 12.1 | |
| 12.6 | 12.6 | 9.6 | 9.6 | |
| 0 | 0 | 1.9 | 0 | |
| −8.2 | −7.9 | −4.7 | 7.4 | |
| 24.6 | 24 | 22 | 29.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.3 | −1.4 | 2.1 | −15.2 | |
| 0.4 | 0.7 | 0.5 | 10.5 | |
| −0.3 | 0.6 | −0.8 | 2.9 | |
| −0.2 | −0 | 1.9 | −1.9 | |
| −0.2 | – | – | – | |
| −0.5 | −1.4 | 2.1 | −15.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.