National Oxygen Ltd

National Oxygen Ltd

₹ 58.8 -3.69%
16 Jul - close price
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.

  • Market Cap 29.6 Cr.
  • Current Price 58.8
  • High / Low 147 / 42.5
  • Stock P/E
  • Book Value -12.1
  • Dividend Yield 0.00 %
  • ROCE -21.5 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.07%
  • The company has delivered a poor sales growth of -10.4% 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
12.10 11.12 11.81 11.30 11.02 10.57 10.61 10.78 8.62 7.58 6.37 5.04 3.97
10.37 10.59 11.31 11.32 10.79 10.57 10.55 11.54 10.40 8.61 6.82 5.77 5.07
Operating Profit 1.73 0.53 0.50 -0.02 0.23 0.00 0.06 -0.76 -1.78 -1.03 -0.45 -0.73 -1.10
OPM % 14.30% 4.77% 4.23% -0.18% 2.09% 0.00% 0.57% -7.05% -20.65% -13.59% -7.06% -14.48% -27.71%
0.27 0.06 0.12 0.06 0.26 0.06 0.08 0.07 0.07 0.05 8.37 0.11 0.35
Interest 0.43 0.35 0.41 0.42 0.46 0.43 0.46 0.42 0.28 0.28 0.30 0.36 0.48
Depreciation 0.73 0.82 0.82 0.83 0.87 0.87 0.87 0.87 0.61 0.61 0.58 0.57 0.56
Profit before tax 0.84 -0.58 -0.61 -1.21 -0.84 -1.24 -1.19 -1.98 -2.60 -1.87 7.04 -1.55 -1.79
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%
0.84 -0.58 -0.60 -1.21 -0.84 -1.25 -1.19 -1.98 -2.59 -1.87 7.04 -1.55 -1.78
EPS in Rs 1.75 -1.21 -1.25 -2.52 -1.67 -2.48 -2.36 -3.93 -5.14 -3.71 13.96 -3.07 -3.53
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
28.13 33.17 36.09 41.36 46.21 43.93 39.76 50.61 47.11 45.26 40.58 22.96
29.58 30.36 31.49 35.74 37.63 37.54 33.49 39.18 43.43 44.02 43.05 26.28
Operating Profit -1.45 2.81 4.60 5.62 8.58 6.39 6.27 11.43 3.68 1.24 -2.47 -3.32
OPM % -5.15% 8.47% 12.75% 13.59% 18.57% 14.55% 15.77% 22.58% 7.81% 2.74% -6.09% -14.46%
0.11 0.35 0.33 2.19 3.42 0.27 0.40 1.44 0.59 0.50 0.28 8.88
Interest 5.43 6.10 6.46 5.90 4.90 4.80 4.48 2.15 1.79 1.64 1.59 1.41
Depreciation 4.17 3.94 3.91 3.79 3.53 3.41 3.28 3.09 3.27 3.33 3.22 2.31
Profit before tax -10.94 -6.88 -5.44 -1.88 3.57 -1.55 -1.09 7.63 -0.79 -3.23 -7.00 1.84
Tax % -1.01% -17.30% -0.55% -0.53% 0.00% 0.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-10.83 -5.68 -5.41 -1.87 3.56 -1.57 -1.10 7.63 -0.79 -3.23 -7.00 1.84
EPS in Rs -22.55 -11.83 -11.27 -3.89 7.41 -3.27 -2.29 15.89 -1.65 -6.41 -13.88 3.65
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: -10%
3 Years: -21%
TTM: -43%
Compounded Profit Growth
10 Years: -1%
5 Years: %
3 Years: %
TTM: 10%
Stock Price CAGR
10 Years: 5%
5 Years: 4%
3 Years: -12%
1 Year: -58%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 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 1.34 -4.35 -11.45 -13.31 -9.74 -11.34 -12.41 -4.79 -5.73 -6.04 -13.05 -11.15
43.33 48.40 49.01 44.06 38.09 38.60 37.21 32.82 29.06 28.65 30.69 28.65
7.88 7.00 6.74 6.37 6.04 6.16 6.39 6.97 6.78 6.45 8.41 5.72
Total Liabilities 57.35 55.85 49.10 41.92 39.19 38.22 35.99 39.80 34.91 34.10 31.09 28.26
48.77 44.88 39.81 35.24 31.91 29.01 26.48 24.27 22.07 21.98 19.58 18.44
CWIP 0.00 0.00 0.03 0.03 0.03 0.03 0.06 0.00 0.14 0.81 0.18 3.30
Investments 0.56 0.16 0.01 0.11 0.17 0.19 0.21 0.10 0.05 0.08 0.33 0.16
8.02 10.81 9.25 6.54 7.08 8.99 9.24 15.43 12.65 11.23 11.00 6.36
Total Assets 57.35 55.85 49.10 41.92 39.19 38.22 35.99 39.80 34.91 34.10 31.09 28.26

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.30 1.49 4.87 8.45 7.85 4.83 6.53 11.59 2.23 0.97 -0.18 -1.09
-1.67 -0.45 0.71 2.68 3.12 -0.39 -0.70 0.40 -0.62 -3.69 -0.21 4.55
0.39 -1.03 -5.85 -10.86 -10.86 -4.30 -5.87 -6.54 -5.93 1.07 0.45 -3.47
Net Cash Flow 0.02 0.01 -0.27 0.28 0.11 0.14 -0.04 5.46 -4.32 -1.66 0.07 -0.01
Free Cash Flow 0.05 1.48 4.88 11.14 10.94 4.35 5.74 11.87 1.38 -2.89 -0.37 3.11
CFO/OP -92% 54% 106% 150% 92% 76% 104% 102% 62% 83% 6% 31%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 46.71 66.46 45.41 32.92 33.33 40.71 45.90 36.35 41.37 42.74 29.32 28.30
Inventory Days
Days Payable
Cash Conversion Cycle 46.71 66.46 45.41 32.92 33.33 40.71 45.90 36.35 41.37 42.74 29.32 28.30
Working Capital Days -159.34 -98.38 -99.21 -82.34 -50.24 -27.83 -29.38 2.45 11.47 -17.02 -45.33 -99.20
ROCE % -10.43% -1.67% 2.15% 5.44% 15.05% 9.85% 10.90% 27.81% 3.28% -5.88% -21.54% -21.54%

Insights

In beta
May 2018 Jul 2019 Oct 2020 Dec 2021 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Dissolved Acetylene Gas
m3 per annum

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Installed Capacity - Oxygen/Nitrogen Gases
m3 per hour
Number of Operating Manufacturing Plants
number
Gaseous Industrial Gases - Share of Revenue from Operations
%
Liquid Industrial Gases - Share of Revenue from Operations
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

17 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
69.99% 69.99% 69.99% 71.42% 71.29% 71.29% 71.29% 71.29% 71.24% 70.16% 69.63% 65.55%
30.01% 30.01% 30.01% 28.59% 28.72% 28.72% 28.71% 28.72% 28.77% 29.84% 30.37% 34.45%
No. of Shareholders 4,8765,0495,1555,1965,0815,1005,1235,0814,9824,9845,0315,132

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