Nocil Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Rubber Chemicals: 97.6% • Others: 2.4%
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 60.8% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.64x)
- Company has been maintaining a healthy dividend payout of 45.0%
CONS
- A large part of profit comes from other income (48.5% of PBT)
- Company has a low return on capital employed of 7.4%
- Company has a low return on equity of 5.8% over last 3 years
- Recent results are weak - TTM profit is down 13.1% versus prior year
- Company has delivered a poor profit growth of -8.8% over past five years
- Operating margins have contracted to 7.7% from 16.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21410.70 | 97.29 | 193745.54 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1632.00 | 62.71 | 166117.97 | 1.32 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2605.00 | 35.72 | 77218.67 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4691.60 | 83.80 | 51537.23 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8697.20 | 56.51 | 44623.69 | 0.17 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1155.90 | 33.12 | 38936.61 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1727.25 | 30.08 | 23558.49 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1656.35 | 93.47 | 21984.38 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6465.50 | 23.93 | 19035.57 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 501.75 | 34.27 | 18199.81 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1356.30 | 17.46 | 17179.29 | 0.74 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| NOCIL | 171.65 | 43.35 | 2866.98 | 0.87 | 27.76 | 60.83 | 403.02 | 19.87 | 4.38 | 11.22 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 397 | 351 | 341 | 356 | 372 | 363 | 318 | 340 | 336 | 321 | 316 | 330 | 403 | |
| 341 | 305 | 292 | 312 | 331 | 325 | 294 | 305 | 306 | 298 | 289 | 309 | 372 | |
| Operating Profit | 56 | 46 | 49 | 45 | 41 | 38 | 24 | 34 | 31 | 22 | 27 | 21 | 31 |
| OPM % | 14.07% | 13.03% | 14.34% | 12.52% | 11.03% | 10.42% | 7.55% | 10.07% | 9.10% | 6.96% | 8.49% | 6.37% | 7.74% |
| 5 | 4 | 6 | 25 | 9 | 8 | 9 | 6 | 7 | 10 | 1 | 14 | 6 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 13 | 14 | 14 | 14 | 14 | 14 |
| Profit before Tax | 47 | 37 | 41 | 56 | 37 | 32 | 19 | 26 | 23 | 19 | 13 | 21 | 37 |
| Tax % | 27.27% | 25.65% | 26.27% | 25.29% | 26.39% | -30.31% | 32.43% | 19.95% | 25.41% | 34.56% | 31.02% | 18.85% | 25.16% |
| Net Profit | 0 | 0 | 0 | 0 | 27 | 42 | 13 | 21 | 17 | 12 | 9 | 17 | 28 |
| 2.06 | 1.63 | 1.80 | 2.49 | 1.62 | 2.53 | 0.77 | 1.25 | 1.03 | 0.73 | 0.55 | 1.02 | 1.66 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 742 | 968 | 1,043 | 846 | 925 | 1,571 | 1,617 | 1,445 | 1,393 | 1,303 | 1,370 | |
| 583 | 702 | 750 | 668 | 794 | 1,285 | 1,364 | 1,250 | 1,255 | 1,202 | 1,268 | |
| Operating Profit | 159 | 265 | 293 | 178 | 131 | 286 | 253 | 195 | 137 | 101 | 101 |
| OPM % | 21.45% | 27.43% | 28.07% | 21.06% | 14.15% | 18.21% | 15.63% | 13.50% | 9.87% | 7.73% | 7.40% |
| 10 | 15 | 10 | 9 | 15 | 4 | 6 | 39 | 32 | 31 | 31 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 |
| Depreciation | 20 | 24 | 24 | 34 | 37 | 48 | 56 | 53 | 54 | 55 | 55 |
| Profit before Tax | 147 | 255 | 278 | 152 | 107 | 241 | 202 | 180 | 114 | 76 | 90 |
| Tax % | 33.83% | 33.28% | 33.44% | 14.22% | 17.47% | 26.81% | 26.20% | 26.11% | 9.88% | 26.82% | 26.50% |
| Net Profit | 97 | 170 | 185 | 131 | 88 | 176 | 149 | 133 | 103 | 56 | 66 |
| EPS | 5.91 | 10.22 | 11.13 | 7.89 | 5.32 | 10.55 | 8.92 | 7.98 | 6.16 | 3.33 | — |
| Dividend Payout % | 30.32% | 24.20% | 22.37% | 31.68% | 37.60% | 28.37% | 33.52% | 37.59% | 32.48% | 45.04% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 7%
- 3 Years:
- -7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -3%
- 5 Years:
- -9%
- 3 Years:
- -28%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- -9%
- 3 Years:
- -10%
- 1 Year:
- -7%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 8%
- 3 Years:
- 6%
- Last Year:
- 3%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 164 | 164 | 165 | 166 | 166 | 167 | 167 | 167 | 167 | 167 |
| 747 | 879 | 993 | 1,014 | 1,113 | 1,274 | 1,380 | 1,525 | 1,587 | 1,596 | |
| 5 | 0 | 0 | 7 | 4 | 3 | 7 | 11 | 7 | 4 | |
| Trade Payables | 81 | 116 | 98 | 89 | 170 | 215 | 127 | 118 | 118 | 152 |
| 164 | 172 | 185 | 166 | 161 | 172 | 177 | 194 | 178 | 192 | |
| Total Liabilities | 1,161 | 1,331 | 1,442 | 1,442 | 1,615 | 1,830 | 1,857 | 2,015 | 2,057 | 2,111 |
| 542 | 527 | 657 | 797 | 917 | 909 | 887 | 869 | 855 | 830 | |
| Capital Work in Progress | 4 | 42 | 131 | 156 | 14 | 8 | 9 | 16 | 60 | 221 |
| 176 | 281 | 130 | 54 | 68 | 53 | 218 | 399 | 366 | 415 | |
| 115 | 155 | 171 | 136 | 166 | 333 | 285 | 223 | 281 | 158 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 340 | 310 | 290 | |
| Cash & Bank | 122 | 32 | 40 | 14 | 80 | 16 | 57 | 96 | 33 | 35 |
| 201 | 293 | 314 | 284 | 369 | 511 | 400 | 72 | 151 | 163 | |
| Total Assets | 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 188 | 183 | 252 | 231 | 94 | 29 | 332 | 201 | 26 | 252 | |
| Cash from Investing | -10 | -142 | -101 | -106 | -62 | 31 | -217 | -77 | -37 | -212 |
| Cash from Financing | -31 | -43 | -50 | -101 | 0 | -34 | -54 | -55 | -50 | -38 |
| 102 | -82 | 13 | -28 | 32 | -33 | 11 | 68 | -62 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 5.94 | 10.33 | 11.17 | 7.89 | 5.32 | 10.57 | 8.95 | 7.98 | 6.16 | 3.33 |
| Book Value (₹) | 55.66 | 63.42 | 70.05 | 71.22 | 76.96 | 86.48 | 92.80 | 101.53 | 105.01 | 105.55 |
| Dividend per Share (₹) | 1.80 | 2.50 | 2.50 | 2.50 | 2.00 | 3.00 | 3.00 | 3.00 | 2.00 | 1.50 |
| Cash EPS (₹) | 7.14 | 11.79 | 12.64 | 9.93 | 7.57 | 13.47 | 12.29 | 11.15 | 9.37 | 6.61 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 20.62% | 28.30% | 29.02% | 22.14% | 15.74% | 18.46% | 16.02% | 13.50% | 9.87% | 7.73% |
| Net Margin % | 11.87% | 17.18% | 17.72% | 15.44% | 9.56% | 11.21% | 9.23% | 9.21% | 7.39% | 4.27% |
| ROE % | 14.07% | 17.40% | 16.79% | 11.18% | 7.19% | 12.95% | 9.99% | 8.21% | 5.97% | 3.16% |
| ROCE % | 20.84% | 25.85% | 25.14% | 13.09% | 8.75% | 17.71% | 13.56% | 11.17% | 6.70% | 4.38% |
| 10.12% | 13.64% | 13.33% | 9.06% | 5.78% | 10.22% | 8.09% | 6.87% | 5.05% | 2.67% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 71 | 76 | 83 | 94 | 101 | 88 | 90 | 87 | 85 | 84 |
| Inventory Days | 55 | 50 | 57 | 66 | 60 | 58 | 70 | 64 | 66 | 61 |
| Payable Days | 62 | 53 | 54 | 71 | 72 | 58 | 53 | 42 | 36 | 47 |
| 64 | 72 | 86 | 89 | 89 | 88 | 107 | 109 | 115 | 99 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 67.12x | 209.77x | 441.86x | 116.41x | 111.44x | 221.75x | 169.41x | 112.10x | 64.77x | 55.69x |
| 3.49x | 4.09x | 3.74x | 3.03x | 2.96x | 3.26x | 5.15x | 5.89x | 5.82x | 4.31x | |
| GROWTH | ||||||||||
| Revenue Growth % | 3.78% | 30.37% | 7.78% | -18.85% | 9.26% | 69.93% | 2.88% | -10.63% | -3.60% | -6.44% |
| Operating Profit Growth % | 18.07% | 65.92% | 8.12% | -38.09% | -22.34% | 99.31% | -10.72% | -9.49% | -27.68% | -18.80% |
| Net Profit Growth % | 24.10% | 74.97% | 8.78% | -29.31% | -32.34% | 99.20% | -15.31% | -10.83% | -22.66% | -45.92% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -10.83% | -22.83% | -45.92% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.24x | 28.40x | 46.12x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.46x | 1.67x | 1.46x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.20% | 1.14% | 0.98% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.32x | 17.04x | 18.38x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - NOCIL Limited has informed the Exchange Disclosure under Regulation 30 of SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015-Intimation of Appointment of the Statutory Auditors .
2026-08-25 - NOCIL Limited has informed the Exchange about Copy of Newspaper Publication regarding special window for re-lodgement of transfer requests of physical shares
2026-08-10 - NOCIL Limited has informed the Exchange about Transcript
2026-08-04 - NOCIL Limited has informed the Exchange about Link of Recording
2026-08-04 - NOCIL Limited has informed the Exchange regarding a press release dated August 04, 2026, titled "Unaudited Financial Results for the Quarter ended 30th June, 2026".
2026-08-04 - NOCIL Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-03 - NOCIL Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 03, 2026
2026-08-03 - NOCIL Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-03 - NOCIL Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 03, 2026. Further, the company has informed the Exchange regarding voting results.
News
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