NOCIL Ltd

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

NOCIL Ltd

₹ 261 0.56%
19 Apr - 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 co’s product portfolio mainly includes Rubber Chemicals which further includes Antidegradants or Antioxidants, Accelerators and products for non-automobile industry like products F, ZDC, ZDBC, ZMBT, SDBC, ZBZDC, DHTS.
It also manufactures pre-vulcanisation inhibitors and post-vulcanisation stabilizers. [1][2] The company has 20+ products varieties of rubber chemicals.[3]

Website BSE NSE
  • Market Cap ₹ 4,349 Cr.
  • Current Price ₹ 261
  • High / Low ₹ 298 / 204
  • Stock P/E 36.3
  • Book Value ₹ 99.0
  • Dividend Yield 1.15 %
  • ROCE 13.4 %
  • ROE 9.89 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.2%
  • Debtor days have improved from 101 to 78.1 days.

Cons

  • Stock is trading at 2.63 times its book value
  • Promoter holding is low: 33.8%
  • Company has a low return on equity of 10.0% 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
275 322 344 375 389 463 509 389 326 393 397 351 341
236 270 271 325 338 351 406 327 288 343 341 306 292
Operating Profit 38 52 74 50 51 111 103 62 38 50 55 45 49
OPM % 14% 16% 21% 13% 13% 24% 20% 16% 12% 13% 14% 13% 14%
1 2 1 1 0 1 0 1 2 3 5 5 6
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 10 11 11 11 16 14 14 14 14 13 13 13
Profit before tax 30 44 64 41 40 96 90 49 25 39 47 37 41
Tax % 26% 16% 26% 26% 26% 28% 26% 26% 26% 26% 27% 26% 26%
22 37 47 30 30 69 66 36 19 28 34 27 30
EPS in Rs 1.34 2.25 2.85 1.80 1.79 4.14 3.99 2.14 1.12 1.70 2.06 1.63 1.80
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
483 488 596 719 715 742 964 1,043 846 925 1,571 1,617 1,481
446 467 534 605 575 582 695 750 668 793 1,284 1,364 1,282
Operating Profit 37 21 62 114 140 160 269 293 178 132 288 253 199
OPM % 8% 4% 10% 16% 20% 22% 28% 28% 21% 14% 18% 16% 13%
22 36 9 3 3 9 11 10 9 14 2 6 18
Interest 0 4 17 17 9 2 1 1 1 1 1 1 1
Depreciation 10 9 19 14 15 20 24 24 34 37 48 56 53
Profit before tax 48 44 35 86 119 147 255 278 152 107 241 202 163
Tax % 28% 4% 32% 34% 34% 34% 33% 33% 14% 17% 27% 26%
35 42 24 57 78 97 170 185 131 88 176 149 120
EPS in Rs 2.15 2.62 1.48 3.55 4.87 5.94 10.33 11.17 7.89 5.32 10.57 8.95 7.19
Dividend Payout % 28% 23% 40% 28% 25% 30% 24% 22% 32% 38% 28% 34%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 24%
TTM: -12%
Compounded Profit Growth
10 Years: 19%
5 Years: -3%
3 Years: 5%
TTM: -37%
Stock Price CAGR
10 Years: 30%
5 Years: 13%
3 Years: 15%
1 Year: 22%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 10%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 161 161 161 161 161 164 164 165 166 166 167 167 167
Reserves 173 204 217 254 309 750 882 998 1,020 1,119 1,279 1,385 1,484
80 147 152 147 26 15 5 0 7 6 6 10 8
137 147 203 193 186 233 279 279 250 324 380 295 300
Total Liabilities 552 659 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 1,958
93 320 320 311 307 543 528 657 797 918 909 888 868
CWIP 128 4 3 3 6 4 42 131 156 14 8 9 17
Investments 0 22 22 22 22 176 281 130 54 68 53 218 340
330 312 386 418 347 438 480 524 434 614 859 742 733
Total Assets 552 659 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 1,958

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-26 -0 44 30 170 142 102 164 179 94 -30 282
-50 -79 -18 -5 -12 -11 -141 -101 -106 -58 31 -217
69 52 -23 -33 -151 -31 -43 -50 -101 0 -34 -54
Net Cash Flow -7 -28 3 -8 8 101 -82 13 -28 35 -33 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 78 83 90 85 77 82 92 81 88 122 104 78
Inventory Days 142 134 167 176 135 116 129 133 128 120 141 117
Days Payable 81 76 122 79 74 82 96 77 84 123 91 52
Cash Conversion Cycle 138 141 136 182 138 116 125 138 132 119 154 143
Working Capital Days 126 92 93 109 86 86 94 99 104 115 129 108
ROCE % 13% 5% 10% 19% 24% 21% 26% 25% 13% 9% 18% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
33.89% 33.88% 33.86% 33.85% 33.85% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84%
2.16% 2.12% 2.74% 2.54% 2.94% 4.46% 5.29% 5.39% 5.44% 6.36% 6.98% 7.77%
4.35% 4.43% 4.51% 4.26% 4.87% 5.11% 4.74% 5.49% 4.68% 3.61% 2.83% 3.51%
59.60% 59.56% 58.88% 59.35% 58.34% 56.58% 56.12% 55.27% 56.04% 56.19% 56.36% 54.87%
No. of Shareholders 1,50,3201,79,3411,94,1881,95,2041,88,2301,81,8231,81,6921,77,8691,79,4951,81,1901,76,3471,71,496

* 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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