NOCIL Ltd

NOCIL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NOCIL Ltd

₹ 261 0.56%
19 Apr - close price
nocil.com BSE: 500730 NSE : NOCIL
About

NOCIL Ltd., incorporated in 1961, manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries.[1] It is a part of Arvind Mafatlal Group and is the Largest Rubber Chemicals Manufacturer in India.

Key Points

Products
The co’s product portfolio mainly includes Rubber Chemicals which further includes Antidegradants or Antioxidants, Accelerators and products for non-automobile industry like products F, ZDC, ZDBC, ZMBT, SDBC, ZBZDC, DHTS.
It also manufactures pre-vulcanisation inhibitors and post-vulcanisation stabilizers. [1][2] The company has 20+ products varieties of rubber chemicals.[3]

Website BSE NSE
  • Market Cap ₹ 4,349 Cr.
  • Current Price ₹ 261
  • High / Low ₹ 298 / 204
  • Stock P/E 36.7
  • Book Value ₹ 98.3
  • Dividend Yield 1.15 %
  • ROCE 13.4 %
  • ROE 9.95 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.5%
  • Debtor days have improved from 101 to 78.1 days.

Cons

  • Stock is trading at 2.66 times its book value
  • Promoter holding is low: 33.8%
  • Company has a low return on equity of 10.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
275 322 344 375 389 463 509 389 326 393 397 351 341
237 272 272 326 339 352 407 328 289 344 342 307 293
Operating Profit 37 50 73 49 50 111 102 61 37 49 54 44 48
OPM % 14% 16% 21% 13% 13% 24% 20% 16% 11% 12% 14% 13% 14%
1 2 1 2 1 1 0 1 3 3 5 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 10 10 10 10 16 13 14 14 14 13 13 13
Profit before tax 29 43 63 41 40 95 88 49 25 38 46 36 40
Tax % 25% 15% 25% 26% 25% 28% 26% 26% 25% 26% 27% 25% 26%
22 36 47 31 30 68 66 36 19 28 34 27 30
EPS in Rs 1.33 2.17 2.83 1.83 1.80 4.11 3.94 2.16 1.13 1.70 2.02 1.61 1.79
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
481 488 596 719 715 742 964 1,043 846 925 1,571 1,617 1,481
449 469 535 606 577 584 698 752 670 798 1,287 1,367 1,286
Operating Profit 33 20 61 113 139 159 266 291 177 127 284 249 195
OPM % 7% 4% 10% 16% 19% 21% 28% 28% 21% 14% 18% 15% 13%
23 36 9 3 3 8 11 10 10 14 3 7 19
Interest 0 4 17 17 9 2 1 1 1 1 1 1 1
Depreciation 9 8 18 14 14 19 23 23 32 36 47 54 52
Profit before tax 47 44 35 86 118 146 253 277 152 104 240 201 161
Tax % 28% 4% 32% 34% 34% 34% 33% 33% 14% 17% 27% 26%
34 42 24 57 78 97 169 184 131 86 176 149 119
EPS in Rs 2.11 2.64 1.47 3.53 4.83 5.92 10.25 11.13 7.91 5.20 10.56 8.92 7.12
Dividend Payout % 28% 23% 41% 28% 25% 30% 24% 22% 32% 38% 28% 34%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 24%
TTM: -12%
Compounded Profit Growth
10 Years: 19%
5 Years: -3%
3 Years: 5%
TTM: -37%
Stock Price CAGR
10 Years: 30%
5 Years: 13%
3 Years: 15%
1 Year: 23%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 10%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 161 161 161 161 161 164 164 165 166 166 167 167 167
Reserves 172 203 216 253 307 741 873 988 1,010 1,107 1,267 1,374 1,471
80 147 152 147 26 15 5 0 0 6 6 10 8
133 151 208 196 185 228 273 275 252 320 377 291 295
Total Liabilities 546 662 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,941
74 301 302 293 290 518 503 629 769 892 884 863 844
CWIP 128 3 3 3 6 3 39 131 156 14 8 8 17
Investments 25 47 47 47 47 201 302 148 72 82 67 231 355
319 310 384 413 335 426 472 520 430 611 857 739 726
Total Assets 546 662 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,941

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-27 2 44 27 165 140 98 164 177 90 -32 278
-51 -77 -18 -5 -12 -9 -138 -102 -104 -55 33 -214
69 52 -23 -33 -151 -31 -42 -50 -101 0 -34 -54
Net Cash Flow -8 -24 3 -10 2 101 -81 12 -28 36 -33 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 75 83 90 85 77 82 92 81 88 122 104 78
Inventory Days 141 133 167 176 134 116 128 133 128 119 141 117
Days Payable 78 83 130 84 75 82 94 77 84 124 92 53
Cash Conversion Cycle 139 134 128 177 136 116 126 137 132 118 153 142
Working Capital Days 105 88 89 106 85 86 94 99 104 114 128 108
ROCE % 13% 6% 10% 19% 24% 21% 26% 25% 13% 8% 18% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.89% 33.88% 33.86% 33.85% 33.85% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84%
2.16% 2.12% 2.74% 2.54% 2.94% 4.46% 5.29% 5.39% 5.44% 6.36% 6.98% 7.77%
4.35% 4.43% 4.51% 4.26% 4.87% 5.11% 4.74% 5.49% 4.68% 3.61% 2.83% 3.51%
59.60% 59.56% 58.88% 59.35% 58.34% 56.58% 56.12% 55.27% 56.04% 56.19% 56.36% 54.87%
No. of Shareholders 1,50,3201,79,3411,94,1881,95,2041,88,2301,81,8231,81,6921,77,8691,79,4951,81,1901,76,3471,71,496

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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