Nikita Greentech Recycling Ltd

NIKITA

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Market Cap

₹ 365 Cr

P/E

15.86

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Nikita Papers Limited manufactures Kraft Paper, operating under the Nikita Group, a major player in India's specialty paper market since 1992.

The company has seen significant technological and capacity developments, such as upgrading to recycled pulping in 2013 and the installation of modern machinery.

Energy sustainability efforts include a shift to refuse-derived fuel (RDF), adopting a 1.5 MW thermal power plant by 2023, indicating environmentally conscious operations.

An upcoming IPO with a proposal to issue 64,94,400 Fresh Issue Equity Shares suggests a strategic move for capital infusion and possibly future growth.

Sector

Paper

Industry

Paper - Medium / Small

Market Cap

365 Cr

Volatility

High Risk

P/E Ratio

15.9

Industry P/E

16.5

PEG Ratio

0.2

P/B Ratio

2.2

52W High

155.00

52W Low

77.15

Sales CAGR

7.63%

0.74%

29.56%

10Y

—

Profit CAGR

11.10%

72.22%

98.06%

10Y

—

ROE

TTM

11.05%

21.83%

20.14%

10Y

—

ROCE

TTM

11.17%

24.44%

19.30%

10Y

—

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PAKKA	103.55	465 Cr	55.00	1.03	0.00	1.88	3.23	1.02
NIKITA	148.00	365 Cr	15.86	2.20	0.00	11.05	11.17	4.06
STARPAPER	163.40	255 Cr	6.62	0.36	2.14	5.50	6.64	4.55
AARADHYA	130.15	184 Cr	17.93	2.47	0.00	15.64	16.60	9.27
SIPAPER	86.00	161 Cr	—	0.75	0.00	-0.94	4.26	-0.39
MAGNUM	22.61	155 Cr	—	0.78	0.00	-0.47	2.26	-0.27
SKPMIL	113.05	153 Cr	55.42	4.24	0.00	7.63	11.48	2.46

Financial Statements

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Standalone Half Yearly Results (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	179	166	198	178
Expenses	156	146	174	162
Interest	7.67	7.94	8.59	9.76
Operating Profit	23	20	24	16
OPM %	12.79	12.11	12.31	8.98
Other Income	10	7.20	7.56	7.90
Depreciation	5.70	5.06	5.07	4.52
Profit Before Tax	20	14	18	9.64
Tax %	35.61	29.23	29.70	34.44
Net Profit	13	10	13	6.31
EPS in Rs	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	100	118	356	398	339	364
Expenses	92	106	329	371	298	320
Operating Profit	8.09	12	28	28	40	45
OPM %	8.11	10.44	7.77	6.95	11.88	12.22
Other Income	0.07	0.14	0.25	0.33	13	15
Interest	3.89	5.11	11	11	14	17
Depreciation	2.55	4.11	11	9.92	10	10
Profit Before Tax	1.72	3.25	6.47	7.24	29	33
Tax %	56.11	5.62	30.39	24.87	27.74	29.49
Net Profit	0.76	3.07	4.51	5.44	21	23
EPS in Rs	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.11	5.11	8.61	8.61	18	18
Reserves	16	19	41	46	63	86
Borrowings	81	145	137	152	179	223
Other Liabilities	9.97	24	53	50	44	56
Total Liabilities	111	192	239	257	304	383
Fixed Assets	24	99	93	84	96	86
CWIP	32	0.94	6.07	19	0.00	2.19
Investments	0.26	0.26	1.26	1.44	1.44	1.44
Other Assets	56	92	139	153	207	293
Total Assets	111	192	239	257	304	383

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.51	-9.51	9.24	9.82	-12	-20
Cash from Investing Activity	-32	-48	-11	-14	-2.56	-2.38
Cash from Financing Activity	34	59	2.71	4.51	18	17
Net Cash Flow	1.59	1.38	0.77	0.04	3.21	-5.49

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jul 2024	May 2025	Sep 2025
Promoters	71.71%	80.38%	58.95%
FIIs	0.00%	0.00%	3.01%
DIIs	28.29%	19.62%	0.07%
Public	0.00%	0.00%	37.97%
Total Shareholders	73	73	903

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 11, 2025	V n p electricals pvt ltd	Bulk	Buy	150.00	2.48 Cr	1,65,600	0.67
Nov 17, 2025	Feroza anwar shaikh	Bulk	Buy	113.00	1.98 Cr	1,75,200	0.71
Oct 09, 2025	Yash hitesh patel	Bulk	Buy	115.00	2.07 Cr	1,80,000	0.99
Oct 09, 2025	Yashvi hitesh patel	Bulk	Buy	115.00	3.39 Cr	2,95,200	1.62
Oct 09, 2025	Alacrity securities ltd	Bulk	Buy	131.14	0.38 Cr	28,800	0.15
Oct 09, 2025	Alacrity securities ltd	Bulk	Sell	115.26	6.39 Cr	5,54,400	3.05
Oct 07, 2025	Alacrity securities ltd	Bulk	Buy	117.74	0.38 Cr	32,400	0.17
Oct 07, 2025	Yash hitesh patel	Bulk	Buy	115.00	2.55 Cr	2,22,000	1.22
Oct 07, 2025	Radiant global fund-class b p...	Bulk	Sell	115.02	2.88 Cr	2,50,800	1.38
Oct 07, 2025	Alacrity securities ltd	Bulk	Sell	115.02	1.73 Cr	1,50,000	0.82

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Memorandum of Understanding

18 hours ago

Nikita Greentech Signs MoU for Power Plant and Paper Project

Nikita Greentech Recycling Limited has executed a MoU with the Government of Uttar Pradesh for establishing a co-generation power plant and upgrading paper machinery, with an investment of approximately ₹107.50 crore.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY25

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PAKKA	103.55	465 Cr	55.00	1.03	0.00	1.88	3.23	1.02
NIKITA	148.00	365 Cr	15.86	2.20	0.00	11.05	11.17	4.06
STARPAPER	163.40	255 Cr	6.62	0.36	2.14	5.50	6.64	4.55
AARADHYA	130.15	184 Cr	17.93	2.47	0.00	15.64	16.60	9.27
SIPAPER	86.00	161 Cr	—	0.75	0.00	-0.94	4.26	-0.39
MAGNUM	22.61	155 Cr	—	0.78	0.00	-0.47	2.26	-0.27
SKPMIL	113.05	153 Cr	55.42	4.24	0.00	7.63	11.48	2.46

Oscillators

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Nikita Papers Limited manufactures Kraft Paper, operating under the Nikita Group, a major player in India's specialty paper market since 1992.

The company has seen significant technological and capacity developments, such as upgrading to recycled pulping in 2013 and the installation of modern machinery.

Energy sustainability efforts include a shift to refuse-derived fuel (RDF), adopting a 1.5 MW thermal power plant by 2023, indicating environmentally conscious operations.

An upcoming IPO with a proposal to issue 64,94,400 Fresh Issue Equity Shares suggests a strategic move for capital infusion and possibly future growth.

Sector

Paper

Industry

Paper - Medium / Small

Market Cap

365 Cr

Volatility

High Risk

P/E Ratio

15.9

Industry P/E

16.5

PEG Ratio

0.2

P/B Ratio

2.2

52W High

155.00

52W Low

77.15

Sales CAGR

7.63%

0.74%

29.56%

10Y

—

Profit CAGR

11.10%

72.22%

98.06%

10Y

—

ROE

TTM

11.05%

21.83%

20.14%

10Y

—

ROCE

TTM

11.17%

24.44%

19.30%

10Y

—