National Peroxide Ltd

National Peroxide Ltd

₹ 613 -4.66%
18 May 3:40 p.m.
About

Incorporated in 1954, National Peroxide
Ltd is a manufacturer of Hydrogen Peroxide[1]

Key Points

Business Overview:[1]
NPL is a part of the Wadia Group which holds 70.8% in the company. NPL manufactures peroxygen chemicals and is the largest producer of hydrogen peroxide in India

  • Market Cap 352 Cr.
  • Current Price 613
  • High / Low 770 / 350
  • Stock P/E 30.6
  • Book Value 630
  • Dividend Yield 0.00 %
  • ROCE 4.42 %
  • ROE 3.23 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.98 times its book value

Cons

  • Company has a low return on equity of 2.52% over last 3 years.
  • Working capital days have increased from 48.5 days to 85.8 days

* 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
88.30 79.52 81.79 83.64 88.03 73.99 77.02 62.16 73.70 66.66 68.29 69.09 85.68
69.53 69.41 72.76 74.22 79.00 63.78 72.90 58.93 76.05 61.84 63.79 62.10 70.80
Operating Profit 18.77 10.11 9.03 9.42 9.03 10.21 4.12 3.23 -2.35 4.82 4.50 6.99 14.88
OPM % 21.26% 12.71% 11.04% 11.26% 10.26% 13.80% 5.35% 5.20% -3.19% 7.23% 6.59% 10.12% 17.37%
1.41 1.23 2.26 1.25 0.43 1.92 2.20 0.37 0.00 2.03 1.66 0.32 1.38
Interest 1.38 0.52 0.50 0.49 0.47 0.46 0.42 0.40 0.39 0.36 0.35 0.32 0.32
Depreciation 4.67 4.74 4.83 4.83 4.86 4.86 4.98 5.19 5.08 5.13 5.18 5.21 5.28
Profit before tax 14.13 6.08 5.96 5.35 4.13 6.81 0.92 -1.99 -7.82 1.36 0.63 1.78 10.66
Tax % 23.71% 25.66% 25.67% 10.84% 25.67% 25.40% 26.09% -24.12% -17.01% 34.56% 39.68% -2.81% 25.70%
10.78 4.52 4.43 4.77 3.07 5.08 0.68 -1.52 -6.49 0.89 0.39 1.83 7.93
EPS in Rs 7.71 8.30 5.34 8.84 1.18 -2.64 -11.29 1.55 0.68 3.18 13.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
377 333 287 290
317 295 270 259
Operating Profit 60 38 16 31
OPM % 16% 11% 6% 11%
21 5 3 5
Interest 7 2 2 1
Depreciation 20 19 20 21
Profit before tax 54 22 -2 14
Tax % 26% 22% 8% 24%
40 17 -2 11
EPS in Rs 29.22 -3.92 19.21
Dividend Payout % 0% 43% 0% 36%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -8%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -27%
TTM: 926%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.00 6 6 6
Reserves 346 353 344 356
23 20 16 13
86 81 76 82
Total Liabilities 455 459 442 457
336 321 312 297
CWIP 3 11 3 3
Investments 40 35 37 51
77 92 90 106
Total Assets 455 459 442 457

Cash Flows

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
67 36 19 34
25 -18 -2 -23
-86 -17 -13 -5
Net Cash Flow 6 2 4 6
Free Cash Flow 61 22 14 30
CFO/OP 125% 117% 131% 105%

Ratios

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23 30 29 32
Inventory Days 76 77 80 105
Days Payable 46 51 49 45
Cash Conversion Cycle 53 56 60 92
Working Capital Days 27 29 30 86
ROCE % 6% 0% 4%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Average Realisation - Hydrogen Peroxide
INR/kg

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Capacity Utilization
%
Production Volume - Hydrogen Peroxide
MT
Installed Capacity - Hydrogen Peroxide (50% w/w)
MTPA
Specific Electricity Consumption
KWH/MT
Specific Natural Gas Consumption
MMBTU/MT
Domestic Production Capacity Share (India)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.77% 70.77% 70.77% 70.77% 70.77% 70.77% 70.77% 70.77%
0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00%
29.16% 29.22% 29.23% 29.23% 29.22% 29.22% 29.22% 29.23%
No. of Shareholders 18,36317,52117,08916,70316,46016,14715,81115,470

* 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.

Click on the line-items to see the names of individual entities.

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