Nilkamal (NSE:NILKAMAL) Cyclically Adjusted PB Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:NILKAMAL Nilkamal Ltd NSE:NILKAMAL
79 GF Score
Price ₹1,860.00
GF Value ₹2,024.75
Valuation Fairly Valued
! 7 Warning Signs
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What is Nilkamal Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nilkamal  (NSE:NILKAMAL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Nilkamal Cyclically Adjusted PB Ratio Related Terms


Nilkamal Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nilkamal's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nilkamal Cyclically Adjusted PB Ratio Chart

Nilkamal Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.01 1.27

Nilkamal Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.89 0.00 1.27 0.00

NSE:NILKAMAL vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Nilkamal's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nilkamal Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nilkamal's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nilkamal's Cyclically Adjusted PB Ratio falls into.


NSE:NILKAMAL
79GF Score
Nilkamal Ltd NSE:NILKAMAL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nilkamal Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Nilkamal's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nilkamal's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/166.1454*166.1454
=0.000

Current CPI (Jun. 2026) = 166.1454.

Nilkamal Quarterly Data

Book Value per Share CPI Adj_Book
201212 0.000 83.774 0.000
201303 298.118 85.687 578.045
201403 326.181 91.425 592.765
201503 357.202 97.163 610.804
201603 420.502 102.518 681.483
201703 497.169 105.196 785.223
201803 568.636 109.786 860.546
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 630.691 118.202 886.502
201906 0.000 120.880 0.000
201909 668.186 123.175 901.287
201912 0.000 126.235 0.000
202003 691.611 124.705 921.438
202006 0.000 127.000 0.000
202009 705.373 130.118 900.679
202012 0.000 130.889 0.000
202103 763.503 131.771 962.678
202106 0.000 134.084 0.000
202109 773.725 135.847 946.291
202112 0.000 138.161 0.000
202203 805.142 138.822 963.614
202206 0.000 142.347 0.000
202209 824.621 144.661 947.089
202212 0.000 145.763 0.000
202303 880.664 146.865 996.280
202306 0.000 150.280 0.000
202309 899.710 151.492 986.736
202312 0.000 152.924 0.000
202403 944.776 153.035 1,025.718
202406 0.000 155.789 0.000
202409 959.202 157.882 1,009.404
202412 0.000 158.323 0.000
202503 996.580 157.552 1,050.939
202506 0.000 159.755 0.000
202509 1,010.071 162.289 1,034.072
202512 0.000 163.281 0.000
202603 1,057.016 164.272 1,069.068
202606 0.000 166.145 0.000

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Nilkamal (NSE:NILKAMAL) Overvalued in 2026?

Based on GuruFocus' analysis, Nilkamal stock appears to be undervalued. The current stock price of ₹1,860.00 is trading 8.1% below its estimated GF Value™ of ₹2,024.75. GuruFocus considers Nilkamal to be Fairly Valued.

Key valuation signals for NSE:NILKAMAL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₹2,024.75 vs. price of ₹1,860.00 (8.1% below fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the NSE:NILKAMAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nilkamal Business Description

Other Exchanges 523385:India
Address Road No.13/14, MIDC, Nilkamal House, 77/78, Andheri (East), Mumbai, MH, IND, 400093
Nilkamal Ltd is engaged in the manufacturing of moulded plastic articles, polymers, and others. The group operates in two business segments Plastics; and Lifestyle Furniture, Furnishings, and Accessories. It derives a majority of its revenue from the Plastics segment. The products of the company include Plastic chairs, Mattresses, and Bubble Guard among others. The group sells its products in India and also exports it to other countries, of which prime revenue is generated from India.
79GF Score

Get the complete analysis for NSE:NILKAMAL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,860.00
Price
₹2,024.75
GF Value