NACL Industries Ltd
NACL is an established player and they deal in both technicals and formulations and they cater to the Indian market and to the international market as well. They have over 50 products covering all major crops. They have a strong logistic presence and the products are sold in more than 55,000 counters. NACL has become one of the reliable contract manufacturers for major MNCs. NACL exports products to over 30 countries and has forayed into International Brand business by registering brands in South-East Asia and Africa and are in the process of expanding reach in these regions.
- Market Cap ₹ 3,781 Cr.
- Current Price ₹ 161
- High / Low ₹ 311 / 113
- Stock P/E 124
- Book Value ₹ 31.4
- Dividend Yield 0.00 %
- ROCE 8.64 %
- ROE 5.11 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 5.14 times its book value
- The company has delivered a poor sales growth of 4.82% over past five years.
- Company has a low return on equity of -7.18% over last 3 years.
- Promoter holding has decreased over last 3 years: -10.1%
* 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 Fertilizers & Agrochemicals Pesticides & Agrochemicals
Part of BSE Commodities BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 746 | 691 | 734 | 846 | 865 | 1,015 | 1,191 | 1,633 | 2,116 | 1,781 | 1,252 | 1,507 | |
| 701 | 635 | 678 | 797 | 852 | 946 | 1,078 | 1,492 | 1,920 | 1,774 | 1,318 | 1,417 | |
| Operating Profit | 44 | 56 | 56 | 49 | 14 | 69 | 113 | 141 | 196 | 6 | -66 | 91 |
| OPM % | 6% | 8% | 8% | 6% | 2% | 7% | 10% | 9% | 9% | 0% | -5% | 6% |
| 26 | 18 | 41 | 19 | 26 | 7 | 15 | 16 | 12 | 10 | 39 | -2 | |
| Interest | 35 | 37 | 38 | 33 | 34 | 29 | 29 | 30 | 44 | 60 | 49 | 37 |
| Depreciation | 25 | 27 | 28 | 20 | 20 | 24 | 25 | 25 | 26 | 18 | 19 | 21 |
| Profit before tax | 10 | 11 | 31 | 15 | -15 | 23 | 74 | 102 | 138 | -62 | -96 | 30 |
| Tax % | 27% | 17% | -4% | 26% | -44% | 31% | 32% | 26% | 25% | -24% | -24% | 24% |
| 8 | 9 | 32 | 11 | -8 | 16 | 50 | 76 | 103 | -47 | -73 | 23 | |
| EPS in Rs | 0.42 | 0.50 | 1.75 | 0.59 | -0.43 | 0.70 | 2.21 | 3.30 | 4.45 | -2.03 | -3.13 | 0.97 |
| Dividend Payout % | 20% | 17% | 6% | 18% | 0% | 12% | 16% | 14% | 14% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 5% |
| 3 Years: | -11% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -10% |
| 3 Years: | -33% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 26% |
| 3 Years: | 21% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | -7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 16 | 16 | 16 | 16 | 17 | 19 | 20 | 20 | 20 | 20 | 20 | 23 |
| Reserves | 161 | 168 | 210 | 219 | 262 | 331 | 392 | 464 | 558 | 507 | 441 | 712 |
| 228 | 232 | 213 | 237 | 210 | 268 | 202 | 446 | 580 | 648 | 281 | 312 | |
| 260 | 193 | 209 | 237 | 248 | 330 | 354 | 486 | 595 | 494 | 427 | 334 | |
| Total Liabilities | 664 | 609 | 648 | 709 | 737 | 948 | 968 | 1,415 | 1,752 | 1,669 | 1,169 | 1,381 |
| 176 | 167 | 163 | 158 | 141 | 191 | 191 | 209 | 212 | 238 | 240 | 267 | |
| CWIP | 12 | 6 | 7 | 5 | 21 | 42 | 35 | 21 | 40 | 26 | 28 | 5 |
| Investments | 10 | 10 | 5 | 5 | 9 | 9 | 30 | 78 | 107 | 114 | 114 | 269 |
| 466 | 426 | 473 | 541 | 566 | 706 | 712 | 1,107 | 1,393 | 1,290 | 785 | 839 | |
| Total Assets | 664 | 609 | 648 | 709 | 737 | 948 | 968 | 1,415 | 1,752 | 1,669 | 1,169 | 1,381 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 46 | 59 | 24 | 36 | 103 | 84 | -116 | -10 | 26 | 449 | -104 | |
| -18 | -12 | -6 | -14 | -27 | -97 | -17 | -111 | -74 | -38 | -14 | -186 | |
| -27 | -33 | -58 | -11 | -9 | 70 | -84 | 204 | 79 | 4 | -410 | 235 | |
| Net Cash Flow | -4 | 1 | -5 | -1 | 0 | 77 | -17 | -22 | -5 | -8 | 25 | -55 |
| Free Cash Flow | 24 | 34 | 52 | 11 | 14 | 33 | 69 | -166 | -58 | -5 | 422 | -130 |
| CFO/OP | 96% | 86% | 110% | 66% | 287% | 153% | 83% | -63% | 9% | 671% | -679% | -122% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 108 | 99 | 110 | 124 | 113 | 129 | 103 | 118 | 133 | 160 | 103 | 113 |
| Inventory Days | 138 | 153 | 189 | 143 | 144 | 90 | 106 | 132 | 117 | 91 | 105 | 93 |
| Days Payable | 121 | 89 | 127 | 129 | 134 | 146 | 128 | 120 | 113 | 85 | 118 | 89 |
| Cash Conversion Cycle | 125 | 163 | 172 | 137 | 123 | 73 | 82 | 130 | 137 | 166 | 90 | 118 |
| Working Capital Days | 0 | 24 | 42 | 39 | 47 | 7 | 50 | 45 | 41 | 24 | 1 | 37 |
| ROCE % | 11% | 12% | 10% | 11% | 4% | 9% | 17% | 17% | 18% | -0% | -8% | 9% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Formulation Production Volume (Ethakota) MT/KL |
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| Number of Branded Products Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Annual Secretarial Compliance Report for FY2026 notes two LODR non-compliances; fines of Rs55,000 and Rs10,000 each.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8 May - Monitoring agency report for Q4/FY26 shows nil deviation in Rs24,928.91 lakh rights issue proceeds.
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NACL Industries Limited Has informed About New Paper Publications
5 May - NACL Industries published audited standalone and consolidated Q4 and FY2026 results on May 5, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
4 May - Board approved FY26 audited results, 22 Jul 2026 AGM, CS/CHRO changes, and closure of Australia/Nigeria subsidiaries.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
4 May - Board approved FY26 audited results, AGM on Jul 22, 2026, leadership changes, and closure of Australia/Nigeria subsidiaries.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Feb 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
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Sep 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Mar 2021TranscriptAI SummaryPPT
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Dec 2020TranscriptAI SummaryPPT
Business Profile[1][2]
NACL Industries is a leading agrochemical company engaged in:
a) Domestic Retail Business – Supplies crop protection solutions to farmers.
b) Domestic Institutional Business – Supplies agrochemical products to B2B customers.
c) Exports Business – Supplies technical and formulated agrochemicals to multinational companies and global distributors.