National Oxygen Ltd

Natl. Oxygen Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

National Oxygen Ltd

₹ 65.5 -2.12%
17 Mar 12:29 p.m.
nolgroup.com BSE: 507813
About

Incorporated in 1974, National Oxygen Ltd is engaged in the manufacturing of Industrial Gases.[1]

Key Points

Business Overview:[1]
NOL is a producer and a supplier of Industrial
Gases both in Liquid and Gaseous form to
Industries and Hospitals.

Website BSE
  • Market Cap ₹ 33.0 Cr.
  • Current Price ₹ 65.5
  • High / Low ₹ 147 / 60.0
  • Stock P/E
  • Book Value ₹ -5.63
  • Dividend Yield 0.00 %
  • ROCE -21.5 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 37.8 to 29.3 days.

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.08%
  • 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

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
11.92 12.10 11.12 11.81 11.30 11.02 10.57 10.61 10.78 8.62 7.58 6.37 5.04
11.35 10.37 10.59 11.31 11.32 10.79 10.57 10.55 11.54 10.40 8.61 6.82 5.77
Operating Profit 0.57 1.73 0.53 0.50 -0.02 0.23 0.00 0.06 -0.76 -1.78 -1.03 -0.45 -0.73
OPM % 4.78% 14.30% 4.77% 4.23% -0.18% 2.09% 0.00% 0.57% -7.05% -20.65% -13.59% -7.06% -14.48%
0.20 0.27 0.06 0.12 0.06 0.26 0.06 0.08 0.07 0.07 0.05 8.37 0.11
Interest 0.41 0.43 0.35 0.41 0.42 0.46 0.43 0.46 0.42 0.28 0.28 0.30 0.36
Depreciation 0.85 0.73 0.82 0.82 0.83 0.87 0.87 0.87 0.87 0.61 0.61 0.58 0.57
Profit before tax -0.49 0.84 -0.58 -0.61 -1.21 -0.84 -1.24 -1.19 -1.98 -2.60 -1.87 7.04 -1.55
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.48 0.84 -0.58 -0.60 -1.21 -0.84 -1.25 -1.19 -1.98 -2.59 -1.87 7.04 -1.55
EPS in Rs -1.00 1.75 -1.21 -1.25 -2.52 -1.67 -2.48 -2.36 -3.93 -5.14 -3.71 13.96 -3.07
Raw PDF

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 27.61
26.08 29.58 30.36 31.49 35.74 37.63 37.54 33.49 39.18 43.43 44.02 43.05 31.60
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 -3.99
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% -14.45%
0.10 0.11 0.35 0.33 2.19 3.42 0.27 0.40 1.44 0.59 0.50 0.28 8.60
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 1.22
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 2.37
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 1.02
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 1.03
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 2.04
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: -36%
Compounded Profit Growth
10 Years: 3%
5 Years: %
3 Years: %
TTM: -35%
Stock Price CAGR
10 Years: 5%
5 Years: 13%
3 Years: -4%
1 Year: -41%
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 Sep 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 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 -7.88
37.52 43.33 48.40 49.01 44.06 38.09 38.60 37.21 32.82 29.06 28.65 30.69 25.28
7.47 7.88 7.00 6.74 6.37 6.04 6.16 6.39 6.97 6.78 6.45 8.41 7.61
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 30.05
52.61 48.77 44.88 39.81 35.24 31.91 29.01 26.48 24.27 22.07 21.98 19.58 18.49
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 3.45
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 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 7.78
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 30.05

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%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Capacity Utilization (Qualitative - Rated Capacity)
Percentage

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Number of Manufacturing Plants
Number
Trade Receivables Turnover
Times
Installed Capacity - Dissolved Acetylene Gas
m3 per annum
Installed Capacity - Oxygen / Nitrogen Gases
m3 per hour

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
69.99% 69.99% 69.99% 69.99% 69.99% 71.42% 71.29% 71.29% 71.29% 71.29% 71.24% 70.16%
30.00% 30.01% 30.01% 30.01% 30.01% 28.59% 28.72% 28.72% 28.71% 28.72% 28.77% 29.84%
No. of Shareholders 4,7944,7084,8765,0495,1555,1965,0815,1005,1235,0814,9824,984

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