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 51.2
  • Book Value 106
  • Dividend Yield 1.10 %
  • ROCE 4.66 %
  • ROE 3.37 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.4%

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 5.46% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
343 341 306 292 312 331 325 294 305 306 298 289 309
Operating Profit 50 56 45 49 45 41 38 24 34 31 22 27 21
OPM % 13% 14% 13% 14% 13% 11% 10% 8% 10% 9% 7% 8% 6%
3 5 5 6 25 9 8 9 6 7 10 1 14
Interest 0 0 0 0 0 0 1 0 0 0 0 0 0
Depreciation 14 13 13 13 13 13 13 14 13 14 14 14 14
Profit before tax 39 47 37 41 56 37 32 19 26 23 19 13 21
Tax % 26% 27% 26% 26% 25% 26% -30% 32% 20% 25% 35% 31% 19%
28 34 27 30 42 27 42 13 21 17 12 9 17
EPS in Rs 1.70 2.06 1.63 1.80 2.49 1.62 2.52 0.77 1.24 1.03 0.73 0.55 1.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
605 575 582 695 750 668 793 1,284 1,364 1,250 1,255 1,202
Operating Profit 114 140 160 269 293 178 132 288 253 195 137 101
OPM % 16% 20% 22% 28% 28% 21% 14% 18% 16% 14% 10% 8%
3 3 9 11 10 9 14 2 6 39 32 31
Interest 17 9 2 1 1 1 1 1 1 2 2 1
Depreciation 14 15 20 24 24 34 37 48 56 53 54 55
Profit before tax 86 119 147 255 278 152 107 241 202 180 114 76
Tax % 34% 34% 34% 33% 33% 14% 17% 27% 26% 26% 10% 27%
57 78 97 170 185 131 88 176 149 133 103 56
EPS in Rs 3.55 4.87 5.94 10.33 11.17 7.89 5.32 10.57 8.95 7.98 6.16 3.33
Dividend Payout % 28% 25% 30% 24% 22% 32% 38% 28% 34% 38% 32% 45%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: -7%
TTM: -6%
Compounded Profit Growth
10 Years: -3%
5 Years: -7%
3 Years: -26%
TTM: -42%
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: 5%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 254 309 750 882 998 1,020 1,119 1,279 1,385 1,532 1,595 1,606
147 26 15 5 0 7 6 6 10 13 10 8
193 186 233 279 279 250 324 380 295 304 284 329
Total Liabilities 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,057 2,111
311 307 543 528 657 797 918 909 888 870 855 831
CWIP 3 6 4 42 131 156 14 8 9 16 60 221
Investments 22 22 176 281 130 54 68 53 218 399 366 415
418 347 438 480 524 434 614 859 742 730 776 645
Total Assets 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,057 2,111

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
30 170 142 102 164 179 94 -30 282 201 26 252
-5 -12 -11 -141 -101 -106 -58 31 -217 -77 -37 -212
-33 -151 -31 -43 -50 -101 0 -34 -54 -55 -50 -38
Net Cash Flow -8 8 101 -82 13 -28 35 -33 11 68 -62 2
Free Cash Flow 21 156 129 55 -73 -0 67 -66 253 184 -95 84
CFO/OP 43% 144% 117% 68% 86% 129% 71% 10% 131% 124% 44% 274%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 176 135 116 129 133 128 120 141 117 100 129 75
Days Payable 79 74 82 96 77 84 123 91 52 53 54 72
Cash Conversion Cycle 182 138 116 125 138 132 119 154 143 133 156 84
Working Capital Days 71 86 86 94 99 104 114 128 108 110 194 177
ROCE % 19% 24% 21% 26% 25% 13% 9% 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) ・Standalone data

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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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