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 ₹ 3,334 Cr.
- Current Price ₹ 165
- High / Low ₹ 339 / 53.8
- Stock P/E
- Book Value ₹ 22.0
- Dividend Yield 0.00 %
- ROCE -7.80 %
- ROE -25.8 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Debtor days have improved from 128 to 93.2 days.
Cons
- Stock is trading at 7.50 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -9.99%
- The company has delivered a poor sales growth of 4.00% over past five years.
- Company has a low return on equity of -5.45% over last 3 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 Fertilizers & Agrochemicals Pesticides & Agrochemicals
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 636 | 746 | 692 | 735 | 847 | 865 | 1,015 | 1,191 | 1,633 | 2,116 | 1,779 | 1,235 | 1,374 | |
| 625 | 701 | 636 | 679 | 798 | 852 | 946 | 1,078 | 1,495 | 1,922 | 1,762 | 1,297 | 1,392 | |
| Operating Profit | 11 | 44 | 56 | 56 | 49 | 14 | 69 | 113 | 138 | 193 | 17 | -62 | -17 |
| OPM % | 2% | 6% | 8% | 8% | 6% | 2% | 7% | 10% | 8% | 9% | 1% | -5% | -1% |
| 16 | 26 | 18 | 41 | 20 | 27 | 8 | 15 | 13 | 10 | 10 | 37 | 16 | |
| Interest | 28 | 35 | 37 | 38 | 33 | 34 | 29 | 28 | 27 | 47 | 76 | 65 | 56 |
| Depreciation | 22 | 25 | 27 | 28 | 20 | 20 | 24 | 25 | 25 | 28 | 27 | 29 | 30 |
| Profit before tax | -23 | 10 | 11 | 31 | 15 | -13 | 24 | 75 | 100 | 128 | -76 | -119 | -88 |
| Tax % | -9% | 27% | 18% | -4% | 25% | -48% | 30% | 32% | 26% | 26% | -23% | -23% | |
| -21 | 8 | 10 | 33 | 12 | -7 | 17 | 51 | 73 | 95 | -59 | -92 | -71 | |
| EPS in Rs | -1.32 | 0.54 | 0.62 | 2.09 | 0.74 | -0.42 | 0.87 | 2.60 | 3.70 | 4.77 | -2.96 | -4.58 | -3.53 |
| Dividend Payout % | 0% | 19% | 16% | 6% | 17% | 0% | 12% | 15% | 15% | 15% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | -9% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -180% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 32% |
| 3 Years: | 21% |
| 1 Year: | 211% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | -5% |
| Last Year: | -26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 16 | 16 | 16 | 16 | 16 | 17 | 19 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 159 | 162 | 170 | 213 | 223 | 267 | 338 | 399 | 469 | 554 | 491 | 407 | 424 |
| 219 | 228 | 232 | 213 | 237 | 210 | 268 | 202 | 531 | 724 | 789 | 399 | 502 | |
| 227 | 260 | 193 | 209 | 237 | 248 | 330 | 355 | 496 | 616 | 518 | 437 | 542 | |
| Total Liabilities | 621 | 665 | 611 | 651 | 713 | 742 | 955 | 976 | 1,516 | 1,914 | 1,818 | 1,263 | 1,487 |
| 182 | 176 | 167 | 163 | 158 | 141 | 191 | 220 | 238 | 402 | 439 | 439 | 465 | |
| CWIP | 18 | 12 | 6 | 7 | 5 | 21 | 42 | 36 | 116 | 71 | 47 | 43 | 2 |
| Investments | 9 | 12 | 13 | 9 | 9 | 14 | 15 | 16 | 13 | 14 | 15 | 16 | 8 |
| 411 | 466 | 426 | 473 | 541 | 566 | 707 | 704 | 1,148 | 1,427 | 1,318 | 766 | 1,012 | |
| Total Assets | 621 | 665 | 611 | 651 | 713 | 742 | 955 | 976 | 1,516 | 1,914 | 1,818 | 1,263 | 1,487 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 40 | 46 | 58 | 24 | 36 | 103 | 83 | -124 | -20 | 50 | 469 | |
| -47 | -18 | -12 | -6 | -14 | -27 | -97 | 14 | -163 | -143 | -38 | 4 | |
| 11 | -27 | -33 | -58 | -11 | -9 | 70 | -113 | 290 | 134 | -22 | -448 | |
| Net Cash Flow | -5 | -4 | 1 | -5 | -1 | 0 | 77 | -16 | 2 | -28 | -9 | 25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 92 | 108 | 99 | 110 | 124 | 113 | 129 | 103 | 118 | 133 | 157 | 93 |
| Inventory Days | 140 | 138 | 153 | 189 | 141 | 134 | 84 | 100 | 124 | 112 | 99 | 115 |
| Days Payable | 97 | 121 | 89 | 127 | 127 | 125 | 137 | 120 | 112 | 110 | 93 | 128 |
| Cash Conversion Cycle | 135 | 125 | 163 | 172 | 137 | 122 | 76 | 83 | 129 | 135 | 162 | 80 |
| Working Capital Days | 3 | 0 | 24 | 42 | 39 | 47 | 7 | 50 | 44 | 38 | 16 | -24 |
| ROCE % | 2% | 11% | 12% | 10% | 11% | 4% | 10% | 17% | 15% | 15% | -0% | -8% |
Documents
Announcements
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Board Meeting Outcome for Securities Issue Committee Meeting
20h - Rights issue of 32,501,851 shares at ₹76.70, raising ₹249.29 crore; record Dec 12; open Dec 22-30.
- Intimation Of Record Date For Rights Issue 19h
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Board Meeting Intimation for Securities Issue Committee To Be Held On December 08, 2025
3 Dec - Securities Issue Committee to decide Rights Issue terms (price, ratio, record date) on Dec 08, 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1 Dec - Postal ballot (voting closed Nov 30, 2025) approved director appointment, NED commission for five years, RPTs up to Rs785 crore.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1 Dec
Annual reports
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Financial Year 2025
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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
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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.