NOCIL Ltd

About [ edit ]

NOCIL is engaged in manufacture of rubber chemicals domiciled in India. The Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat).(Source : 202003 Annual Report Page No:97)

  • Market Cap 2,757 Cr.
  • Current Price 166
  • High / Low 184 / 44.7
  • Stock P/E 37.8
  • Book Value 73.4
  • Dividend Yield 1.51 %
  • ROCE 12.8 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 26.09%

Cons

  • The company has delivered a poor sales growth of 3.31% over past five years.
  • Promoter holding is low: 33.96%

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
268 272 261 242 230 210 194 213 107 222 275
188 192 188 182 173 161 158 176 99 190 237
Operating Profit 80 80 73 60 57 48 37 37 8 32 38
OPM % 30% 29% 28% 25% 25% 23% 19% 17% 7% 14% 14%
Other Income 3 3 2 2 3 2 1 3 11 1 2
Interest 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 6 6 7 8 8 8 9 9 9 9
Profit before tax 77 77 69 55 51 42 29 30 9 23 30
Tax % 34% 31% 35% 35% 35% -30% 29% 27% -28% 28% 26%
Net Profit 51 53 45 36 33 55 21 22 12 17 22
EPS in Rs 3.08 3.20 2.71 2.19 1.99 3.32 1.27 1.32 0.72 1.01 1.34
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
465 436 453 483 488 596 719 715 742 964 1,043 846 815
413 386 401 446 467 534 605 575 583 696 750 668 701
Operating Profit 53 50 52 37 21 62 114 140 160 268 293 178 114
OPM % 11% 12% 12% 8% 4% 10% 16% 20% 22% 28% 28% 21% 14%
Other Income 15 10 6 22 36 9 3 3 9 12 10 9 17
Interest 4 0 0 0 4 17 17 9 2 1 1 1 1
Depreciation 9 9 9 10 9 19 14 15 20 24 24 34 37
Profit before tax 55 52 49 48 44 35 86 119 147 255 278 152 93
Tax % 33% 32% 31% 28% 4% 32% 34% 34% 34% 33% 33% 14%
Net Profit 37 35 34 35 42 24 57 78 97 170 185 131 73
EPS in Rs 2.31 2.18 2.08 2.15 2.62 1.48 3.55 4.87 5.94 10.33 11.17 7.89 4.39
Dividend Payout % 26% 28% 29% 28% 23% 40% 28% 25% 30% 24% 22% 32%
Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:4%
TTM:-7%
Compounded Profit Growth
10 Years:14%
5 Years:17%
3 Years:10%
TTM:-50%
Stock Price CAGR
10 Years:26%
5 Years:34%
3 Years:-5%
1 Year:84%
Return on Equity
10 Years:14%
5 Years:15%
3 Years:15%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
161 161 161 161 161 161 161 161 164 164 165 166 166
Reserves 104 128 150 173 204 217 254 309 750 882 998 1,020 1,054
Borrowings 31 17 0 80 147 152 147 26 15 5 0 9 6
104 119 135 137 147 203 193 186 233 279 279 248 248
Total Liabilities 400 424 446 552 659 732 755 682 1,161 1,331 1,442 1,442 1,474
105 100 99 93 320 320 311 307 543 528 657 797 782
CWIP 22 24 35 128 4 3 3 6 4 42 131 156 158
Investments 0 0 0 0 22 22 22 22 176 281 130 54 63
273 300 312 330 312 386 418 347 438 480 524 434 471
Total Assets 400 424 446 552 659 732 755 682 1,161 1,331 1,442 1,442 1,474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
55 48 26 -26 -0 44 30 170 142 102 164 179
-14 3 -5 -50 -79 -18 -5 -12 -11 -141 -101 -106
-23 -26 -28 69 52 -23 -33 -151 -31 -43 -50 -101
Net Cash Flow 18 26 -7 -7 -28 3 -8 8 101 -82 13 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 17% 16% 13% 5% 10% 19% 24% 21% 26% 25% 13%
Debtor Days 65 72 70 78 83 90 85 77 82 92 81 88
Inventory Turnover 4.48 3.85 3.25 3.13 3.19 2.99 2.61 2.58 3.33 3.75 3.33 3.00

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
35.80 35.06 34.08 33.78 33.78 33.76 33.73 33.73 33.73 34.03 33.98 33.96
5.50 4.80 4.71 4.24 4.23 3.90 3.14 2.32 2.23 1.84 2.05 2.05
5.02 5.29 6.00 6.76 5.11 4.79 4.14 2.90 3.52 3.90 5.13 5.09
53.68 54.85 55.21 55.23 56.88 57.55 58.99 61.06 60.53 60.23 58.84 58.90

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