NOCIL Ltd

NOCIL Ltd

₹ 182 -3.37%
08 May - close price
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]

  • Market Cap 3,048 Cr.
  • Current Price 182
  • High / Low 211 / 125
  • Stock P/E 44.9
  • Book Value 106
  • Dividend Yield 1.10 %
  • ROCE 5.08 %
  • ROE 3.85 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 36.1%

Cons

  • The company has delivered a poor sales growth of 7.10% over past five years.
  • Promoter holding is low: 33.8%
  • Company has a low return on equity of 5.72% over last 3 years.
  • Earnings include an other income of Rs.41.8 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
393 397 351 341 356 372 363 318 340 336 321 316 330
344 342 307 293 313 332 326 294 306 307 300 290 310
Operating Profit 49 54 44 48 43 40 37 24 34 30 21 26 20
OPM % 12% 14% 13% 14% 12% 11% 10% 7% 10% 9% 7% 8% 6%
3 5 5 6 25 10 9 15 5 6 16 4 15
Interest 0 0 0 0 0 0 1 0 0 0 0 0 0
Depreciation 14 13 13 13 13 13 13 13 13 13 13 14 13
Profit before tax 38 46 36 40 55 36 32 25 25 22 23 16 22
Tax % 26% 27% 25% 26% 25% 25% -28% 26% 20% 25% 26% 26% 17%
28 34 27 30 41 27 41 19 20 17 17 12 18
EPS in Rs 1.70 2.02 1.61 1.79 2.47 1.63 2.48 1.11 1.22 0.99 1.03 0.73 1.08
Raw PDF

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
719 715 742 964 1,043 846 925 1,571 1,617 1,445 1,393 1,303
606 577 584 698 752 670 798 1,287 1,367 1,254 1,258 1,206
Operating Profit 113 139 159 266 291 177 127 284 249 190 135 97
OPM % 16% 19% 21% 28% 28% 21% 14% 18% 15% 13% 10% 7%
3 3 8 11 10 10 14 3 7 40 39 42
Interest 17 9 2 1 1 1 1 1 1 2 2 1
Depreciation 14 14 19 23 23 32 36 47 54 51 52 54
Profit before tax 86 118 146 253 277 152 104 240 201 177 119 84
Tax % 34% 34% 34% 33% 33% 14% 17% 27% 26% 26% 10% 24%
57 78 97 169 184 131 86 176 149 131 108 64
EPS in Rs 3.53 4.83 5.92 10.25 11.13 7.91 5.20 10.56 8.92 7.88 6.44 3.84
Dividend Payout % 28% 25% 30% 24% 22% 32% 38% 28% 34% 38% 31% 39%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: -7%
TTM: -6%
Compounded Profit Growth
10 Years: -1%
5 Years: -4%
3 Years: -23%
TTM: -37%
Stock Price CAGR
10 Years: 13%
5 Years: -2%
3 Years: -7%
1 Year: 2%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 6%
Last Year: 4%

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 161 161 164 164 165 166 166 167 167 167 167 167
Reserves 253 307 741 873 988 1,010 1,107 1,267 1,374 1,518 1,586 1,606
147 26 15 5 0 0 6 6 10 13 10 9
196 185 228 273 275 252 320 377 291 298 281 324
Total Liabilities 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,044 2,106
293 290 518 503 629 769 892 884 863 846 833 809
CWIP 3 6 3 39 131 156 14 8 8 16 60 220
Investments 47 47 201 302 148 72 82 67 231 407 385 434
413 335 426 472 520 430 611 857 739 727 767 642
Total Assets 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,044 2,106

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
27 165 140 98 164 177 90 -32 278 196 24 249
-5 -12 -9 -138 -102 -104 -55 33 -214 -72 -41 -203
-33 -151 -31 -42 -50 -101 0 -34 -54 -55 -50 -38
Net Cash Flow -10 2 101 -81 12 -28 36 -33 10 69 -67 8
Free Cash Flow 19 151 130 51 -72 -2 64 -68 249 180 -97 81
CFO/OP 41% 141% 117% 67% 87% 129% 71% 10% 131% 124% 43% 281%

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 85 77 82 92 81 88 122 104 78 86 81 81
Inventory Days 176 134 116 128 133 128 119 141 117 100 129 75
Days Payable 84 75 82 94 77 84 124 92 53 53 54 73
Cash Conversion Cycle 177 136 116 126 137 132 118 153 142 133 156 84
Working Capital Days 68 85 86 94 99 104 114 128 107 110 193 176
ROCE % 19% 24% 21% 26% 25% 13% 8% 18% 13% 10% 7% 5%

Insights

In beta
Mar 2014 Mar 2015 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Production / Sales Volume
Metric Tonnes (MT)

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Energy Intensity
GJ/MT
Water Intensity
KL/MT
Capacity Utilization
%
Expansion Capex (Dahej)
Rs. Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

54 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
33.84% 33.84% 33.84% 33.84% 33.84% 33.78% 33.78% 33.76% 33.76% 33.76% 33.76% 33.76%
5.44% 6.36% 6.98% 7.77% 7.77% 7.92% 7.82% 8.15% 6.65% 5.16% 4.47% 4.55%
4.68% 3.61% 2.83% 3.51% 4.44% 6.13% 5.93% 5.33% 5.20% 6.57% 6.50% 7.92%
56.04% 56.19% 56.36% 54.87% 53.95% 52.18% 52.47% 52.76% 54.39% 54.52% 55.27% 53.79%
No. of Shareholders 1,79,4951,81,1901,76,3471,71,4961,67,1571,66,6271,63,8991,61,8251,65,6481,64,8171,62,1671,65,835

* 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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