NOCIL Ltd

NOCIL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NOCIL Ltd

₹ 180 0.67%
21 May 12:43 p.m.
nocil.com BSE: 500730 NSE: NOCIL
About

NOCIL Ltd., incorporated in 1961, manufactures rubber chemicals which are used by the tyre industry and other rubber processing industries.[1] It is a part of Arvind Mafatlal Group and is the Largest Rubber Chemicals Manufacturer in India.

Key Points

Products
The company offers over 20 varieties of rubber chemicals broadly classified under three grades: accelerators, anti-degradants/antioxidants, and specialty chemicals and marketed under brands Pilfex, Pilnox, Pilcure, Pilgard, etc. The products find applications in industries, including tyres, automotive, and rubber goods, etc. [1] [2]

Website BSE NSE
  • Market Cap ₹ 3,006 Cr.
  • Current Price ₹ 180
  • High / Low ₹ 336 / 155
  • Stock P/E 27.9
  • Book Value ₹ 105
  • Dividend Yield 1.71 %
  • ROCE 6.98 %
  • ROE 6.26 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.2%

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Promoter holding is low: 33.8%
  • Tax rate seems low
  • Company has a low return on equity of 7.71% over last 3 years.
  • Working capital days have increased from 137 days to 194 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

Part of BSE SmallCap BSE Allcap BSE Commodities Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
463 509 389 326 393 397 351 341 356 372 363 318 340
352 407 328 289 344 342 307 293 313 332 326 294 306
Operating Profit 111 102 61 37 49 54 44 48 43 40 37 24 34
OPM % 24% 20% 16% 11% 12% 14% 13% 14% 12% 11% 10% 7% 10%
1 0 1 3 3 5 5 6 25 10 9 15 5
Interest 0 0 0 0 0 0 0 0 0 0 1 0 0
Depreciation 16 13 14 14 14 13 13 13 13 13 13 13 13
Profit before tax 95 88 49 25 38 46 36 40 55 36 32 25 25
Tax % 28% 26% 26% 25% 26% 27% 25% 26% 25% 25% -28% 26% 20%
68 66 36 19 28 34 27 30 41 27 41 19 20
EPS in Rs 4.11 3.94 2.16 1.13 1.70 2.02 1.61 1.79 2.47 1.63 2.48 1.11 1.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
596 719 715 742 964 1,043 846 925 1,571 1,617 1,445 1,393
535 606 577 584 698 752 670 798 1,287 1,367 1,254 1,258
Operating Profit 61 113 139 159 266 291 177 127 284 249 190 135
OPM % 10% 16% 19% 21% 28% 28% 21% 14% 18% 15% 13% 10%
9 3 3 8 11 10 10 14 3 7 40 39
Interest 17 17 9 2 1 1 1 1 1 1 2 2
Depreciation 18 14 14 19 23 23 32 36 47 54 51 52
Profit before tax 35 86 118 146 253 277 152 104 240 201 177 119
Tax % 32% 34% 34% 34% 33% 33% 14% 17% 27% 26% 26% 10%
24 57 78 97 169 184 131 86 176 149 131 108
EPS in Rs 1.47 3.53 4.83 5.92 10.25 11.13 7.91 5.20 10.56 8.92 7.88 6.44
Dividend Payout % 41% 28% 25% 30% 24% 22% 32% 38% 28% 34% 38% 31%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: -4%
TTM: -4%
Compounded Profit Growth
10 Years: 6%
5 Years: -3%
3 Years: -15%
TTM: -7%
Stock Price CAGR
10 Years: 16%
5 Years: 15%
3 Years: -11%
1 Year: -32%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 161 161 161 164 164 165 166 166 167 167 167 167
Reserves 216 253 307 741 873 988 1,010 1,107 1,267 1,374 1,518 1,586
152 147 26 15 5 0 0 6 6 10 13 10
208 196 185 228 273 275 252 320 377 291 298 281
Total Liabilities 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,044
302 293 290 518 503 629 769 892 884 863 846 833
CWIP 3 3 6 3 39 131 156 14 8 8 16 60
Investments 47 47 47 201 302 148 72 82 67 231 407 385
384 413 335 426 472 520 430 611 857 739 727 767
Total Assets 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
44 27 165 140 98 164 177 90 -32 278 196 24
-18 -5 -12 -9 -138 -102 -104 -55 33 -214 -72 -41
-23 -33 -151 -31 -42 -50 -101 0 -34 -54 -55 -50
Net Cash Flow 3 -10 2 101 -81 12 -28 36 -33 10 69 -67

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 90 85 77 82 92 81 88 122 104 78 86 81
Inventory Days 167 176 134 116 128 133 128 119 141 117 100 129
Days Payable 130 84 75 82 94 77 84 124 92 53 53 54
Cash Conversion Cycle 128 177 136 116 126 137 132 118 153 142 133 156
Working Capital Days 89 106 85 86 94 99 104 114 128 108 110 194
ROCE % 10% 19% 24% 21% 26% 25% 13% 8% 18% 13% 10% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
33.85% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.78% 33.78% 33.76%
2.94% 4.46% 5.29% 5.39% 5.44% 6.36% 6.98% 7.77% 7.77% 7.92% 7.82% 8.15%
4.87% 5.11% 4.74% 5.49% 4.68% 3.61% 2.83% 3.51% 4.44% 6.13% 5.93% 5.33%
58.34% 56.58% 56.12% 55.27% 56.04% 56.19% 56.36% 54.87% 53.95% 52.18% 52.47% 52.76%
No. of Shareholders 1,88,2301,81,8231,81,6921,77,8691,79,4951,81,1901,76,3471,71,4961,67,1571,66,6271,63,8991,61,825

* 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.

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Documents

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