National Oxygen Ltd
Incorporated in 1974, National Oxygen Ltd is engaged in the manufacturing of Industrial Gases.[1]
- Market Cap ₹ 29.1 Cr.
- Current Price ₹ 57.7
- High / Low ₹ 132 / 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: -4.08%
- 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Industrial Gases
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.13 | 33.17 | 36.09 | 41.36 | 46.21 | 43.93 | 39.76 | 50.61 | 47.11 | 45.26 | 40.58 | 22.96 | 18.43 | |
| 29.58 | 30.36 | 31.49 | 35.74 | 37.63 | 37.54 | 33.49 | 39.18 | 43.43 | 44.02 | 43.05 | 26.28 | 21.95 | |
| 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 | -3.52 |
| 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% | -19.10% |
| 0.11 | 0.35 | 0.33 | 2.19 | 3.42 | 0.27 | 0.40 | 1.44 | 0.59 | 0.50 | 0.28 | 8.88 | 9.07 | |
| 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 | 1.60 |
| 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 | 2.26 |
| 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 | 1.69 |
| 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 | 1.70 | |
| 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 | 3.37 |
| 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: | -51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -5% |
| 3 Years: | -24% |
| 1 Year: | -53% |
| 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 | 28.64 | |
| 7.88 | 7.00 | 6.74 | 6.37 | 6.04 | 6.16 | 6.39 | 6.97 | 6.78 | 6.45 | 8.41 | 5.73 | |
| 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 | 18.45 | |
| 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 | 6.35 | |
| 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% | -21.50% | -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 |
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| Number of Operating Manufacturing Plants number |
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| Gaseous Industrial Gases - Share of Revenue from Operations % |
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| Liquid Industrial Gases - Share of Revenue from Operations % |
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Extracted by Screener AI
Documents
Announcements
-
Submission Of Unaudited Financial Results Of The Company For The Quarter Ended 30Th June, 2026 Along With Limited Review Report
- Board approved unaudited Q1 FY2026-27 results on 12 Aug 2026.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 12Th August 2026
- Board approved Q1 FY27 unaudited results; revenue Rs304.5 lakh, net loss Rs60.6 lakh.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of Newspaper Advertisement for the 51st Annual General Meeting (AGM) of the Company to be held on Friday, 28th August, 2026 at 11:30 A.M …
-
Board Meeting Intimation for The Board Meeting To Be Held On Wednesday, 12Th August, 2026 For Approval Of The Unaudited Financial Results Of The Company For The Quarter Ended 30Th June, 2026
- Board meeting on 12 August 2026 to approve Q1 FY2027 unaudited financial results.
- Notice Of 51St AGM To Be Held On 28.08.2026
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
from bse
Business Overview:[1]
NOL is a producer and a supplier of Industrial
Gases both in Liquid and Gaseous form to
Industries and Hospitals.