NOCIL Ltd

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

NOCIL Ltd

₹ 179 -4.29%
20 May - close price
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 ₹ 2,989 Cr.
  • Current Price ₹ 179
  • High / Low ₹ 336 / 155
  • Stock P/E 29.1
  • Book Value ₹ 106
  • Dividend Yield 1.68 %
  • ROCE 6.65 %
  • ROE 5.94 %
  • 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 34.5%

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 7.59% over last 3 years.
  • Working capital days have increased from 138 days to 195 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

Consolidated Figures in Rs. Crores / View Standalone

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
351 406 327 288 343 341 306 292 312 331 325 294 305
Operating Profit 111 103 62 38 50 56 45 49 45 41 38 24 34
OPM % 24% 20% 16% 12% 13% 14% 13% 14% 13% 11% 10% 8% 10%
1 0 1 2 3 5 5 6 25 9 8 9 6
Interest 0 0 0 0 0 0 0 0 0 0 1 0 0
Depreciation 16 14 14 14 14 13 13 13 13 13 13 14 13
Profit before tax 96 90 49 25 39 47 37 41 56 37 32 19 26
Tax % 28% 26% 26% 26% 26% 27% 26% 26% 25% 26% -30% 32% 20%
69 66 36 19 28 34 27 30 42 27 42 13 21
EPS in Rs 4.14 3.99 2.14 1.12 1.70 2.06 1.63 1.80 2.49 1.62 2.52 0.77 1.24
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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
596 719 715 742 964 1,043 846 925 1,571 1,617 1,445 1,393
534 605 575 582 695 750 668 793 1,284 1,364 1,250 1,255
Operating Profit 62 114 140 160 269 293 178 132 288 253 195 137
OPM % 10% 16% 20% 22% 28% 28% 21% 14% 18% 16% 14% 10%
9 3 3 9 11 10 9 14 2 6 39 32
Interest 17 17 9 2 1 1 1 1 1 1 2 2
Depreciation 19 14 15 20 24 24 34 37 48 56 53 54
Profit before tax 35 86 119 147 255 278 152 107 241 202 180 114
Tax % 32% 34% 34% 34% 33% 33% 14% 17% 27% 26% 26% 10%
24 57 78 97 170 185 131 88 176 149 133 103
EPS in Rs 1.48 3.55 4.87 5.94 10.33 11.17 7.89 5.32 10.57 8.95 7.98 6.16
Dividend Payout % 40% 28% 25% 30% 24% 22% 32% 38% 28% 34% 38% 32%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: -4%
TTM: -4%
Compounded Profit Growth
10 Years: 6%
5 Years: -4%
3 Years: -16%
TTM: -12%
Stock Price CAGR
10 Years: 16%
5 Years: 15%
3 Years: -11%
1 Year: -32%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 8%
Last Year: 6%

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
Equity Capital 161 161 161 164 164 165 166 166 167 167 167 167
Reserves 217 254 309 750 882 998 1,020 1,119 1,279 1,385 1,532 1,595
152 147 26 15 5 0 7 6 6 10 13 10
203 193 186 233 279 279 250 324 380 295 304 284
Total Liabilities 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,057
320 311 307 543 528 657 797 918 909 888 870 855
CWIP 3 3 6 4 42 131 156 14 8 9 16 60
Investments 22 22 22 176 281 130 54 68 53 218 399 366
386 418 347 438 480 524 434 614 859 742 730 776
Total Assets 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,057

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
44 30 170 142 102 164 179 94 -30 282 201 26
-18 -5 -12 -11 -141 -101 -106 -58 31 -217 -77 -37
-23 -33 -151 -31 -43 -50 -101 0 -34 -54 -55 -50
Net Cash Flow 3 -8 8 101 -82 13 -28 35 -33 11 68 -62

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 90 85 77 82 92 81 88 122 104 78 86 81
Inventory Days 167 176 135 116 129 133 128 120 141 117 100 129
Days Payable 122 79 74 82 96 77 84 123 91 52 53 54
Cash Conversion Cycle 136 182 138 116 125 138 132 119 154 143 133 156
Working Capital Days 93 109 86 86 94 99 104 115 129 108 110 195
ROCE % 10% 19% 24% 21% 26% 25% 13% 9% 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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