National Oxygen Ltd
Incorporated in 1974, National Oxygen Ltd is a manufacturer and supplier of Industrial
Gases both in Liquid and Gaseous form[1]
- Market Cap ₹ 57.5 Cr.
- Current Price ₹ 114
- High / Low ₹ 165 / 95.0
- Stock P/E
- Book Value ₹ -15.9
- Dividend Yield 0.00 %
- ROCE -21.5 %
- ROE %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 37.8 to 29.3 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.57% over past five 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
Commodities Chemicals Chemicals & Petrochemicals Industrial Gases
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
25.80 | 28.13 | 33.17 | 36.09 | 41.36 | 46.21 | 43.93 | 39.76 | 50.61 | 47.11 | 45.26 | 40.58 | 37.59 | |
26.08 | 29.58 | 30.36 | 31.49 | 35.74 | 37.63 | 37.54 | 33.49 | 39.18 | 43.43 | 44.02 | 43.05 | 41.10 | |
Operating Profit | -0.28 | -1.45 | 2.81 | 4.60 | 5.62 | 8.58 | 6.39 | 6.27 | 11.43 | 3.68 | 1.24 | -2.47 | -3.51 |
OPM % | -1.09% | -5.15% | 8.47% | 12.75% | 13.59% | 18.57% | 14.55% | 15.77% | 22.58% | 7.81% | 2.74% | -6.09% | -9.34% |
0.10 | 0.11 | 0.35 | 0.33 | 2.19 | 3.42 | 0.27 | 0.40 | 1.44 | 0.59 | 0.50 | 0.28 | 0.27 | |
Interest | 3.57 | 5.43 | 6.10 | 6.46 | 5.90 | 4.90 | 4.80 | 4.48 | 2.15 | 1.79 | 1.64 | 1.59 | 1.44 |
Depreciation | 3.86 | 4.17 | 3.94 | 3.91 | 3.79 | 3.53 | 3.41 | 3.28 | 3.09 | 3.27 | 3.33 | 3.22 | 2.96 |
Profit before tax | -7.61 | -10.94 | -6.88 | -5.44 | -1.88 | 3.57 | -1.55 | -1.09 | 7.63 | -0.79 | -3.23 | -7.00 | -7.64 |
Tax % | -30.88% | -1.01% | -17.30% | -0.55% | -0.53% | 0.00% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
-5.26 | -10.83 | -5.68 | -5.41 | -1.87 | 3.56 | -1.57 | -1.10 | 7.63 | -0.79 | -3.23 | -7.00 | -7.63 | |
EPS in Rs | -10.95 | -22.55 | -11.83 | -11.27 | -3.89 | 7.41 | -3.27 | -2.29 | 15.89 | -1.65 | -6.41 | -13.88 | -15.14 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -2% |
3 Years: | -7% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | % |
3 Years: | % |
TTM: | -96% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 21% |
3 Years: | -5% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 4.80 | 5.04 | 5.04 |
Reserves | 12.75 | 1.34 | -4.35 | -11.45 | -13.31 | -9.74 | -11.34 | -12.41 | -4.79 | -5.73 | -6.04 | -13.05 |
37.52 | 43.33 | 48.40 | 49.01 | 44.06 | 38.09 | 38.60 | 37.21 | 32.82 | 29.06 | 28.65 | 30.69 | |
7.47 | 7.88 | 7.00 | 6.74 | 6.37 | 6.04 | 6.16 | 6.39 | 6.97 | 6.78 | 6.45 | 8.41 | |
Total Liabilities | 62.54 | 57.35 | 55.85 | 49.10 | 41.92 | 39.19 | 38.22 | 35.99 | 39.80 | 34.91 | 34.10 | 31.09 |
52.61 | 48.77 | 44.88 | 39.81 | 35.24 | 31.91 | 29.01 | 26.48 | 24.27 | 22.07 | 21.98 | 19.58 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 | 0.00 | 0.14 | 0.81 | 0.18 |
Investments | 0.77 | 0.56 | 0.16 | 0.01 | 0.11 | 0.17 | 0.19 | 0.21 | 0.10 | 0.05 | 0.08 | 0.33 |
9.16 | 8.02 | 10.81 | 9.25 | 6.54 | 7.08 | 8.99 | 9.24 | 15.43 | 12.65 | 11.23 | 11.00 | |
Total Assets | 62.54 | 57.35 | 55.85 | 49.10 | 41.92 | 39.19 | 38.22 | 35.99 | 39.80 | 34.91 | 34.10 | 31.09 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2.37 | 1.30 | 1.49 | 4.87 | 8.45 | 7.85 | 4.83 | 6.53 | 11.59 | 2.23 | 0.97 | -0.18 | |
-4.36 | -1.67 | -0.45 | 0.71 | 2.68 | 3.12 | -0.39 | -0.70 | 0.40 | -0.62 | -3.69 | -0.21 | |
6.77 | 0.39 | -1.03 | -5.85 | -10.86 | -10.86 | -4.30 | -5.87 | -6.54 | -5.93 | 1.07 | 0.45 | |
Net Cash Flow | 0.04 | 0.02 | 0.01 | -0.27 | 0.28 | 0.11 | 0.14 | -0.04 | 5.46 | -4.32 | -1.66 | 0.07 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 62.53 | 46.71 | 66.46 | 45.41 | 32.92 | 33.33 | 40.71 | 45.90 | 36.35 | 41.37 | 42.74 | 29.32 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 62.53 | 46.71 | 66.46 | 45.41 | 32.92 | 33.33 | 40.71 | 45.90 | 36.35 | 41.37 | 42.74 | 29.32 |
Working Capital Days | -116.01 | -159.34 | -98.38 | -99.21 | -82.34 | -50.24 | -27.83 | -29.38 | 2.45 | 11.47 | -17.02 | -45.33 |
ROCE % | -7.83% | -10.43% | -1.67% | 2.15% | 5.44% | 15.05% | 9.85% | 10.90% | 27.81% | 3.28% | -5.88% | -21.54% |
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
2d - 50th AGM on 24-09-2025: audited financials adopted; director reappointed; secretarial auditor appointed; unanimous e-voting results.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 24 Sep
- Intimation Of Book Closure Date 2 Sep
-
Reg. 34 (1) Annual Report.
2 Sep - 50th AGM on 24 Sep 2025; FY2024-25 annual report, e-voting 21–23 Sep; cut-off 17 Sep.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Sep - Submission of Pre-dispatch advertisement for the AGM to be held on 24th September 2025
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Product Profile:[1]
a) High Pure Liquid Oxygen
b) High Pure Gaseous Oxygen
c) High Pure Liquid Nitrogen
d) Medical Grade Oxygen Liquid
e) Medical Grade Oxygen Gas
f) High Purity Nitrogen Gas
g) Dissolved Acetylene Gas