NOCIL Ltd

₹ 193.89-0.35%2026-09-22
Market Cap
₹ 3,238 Cr.
Current Price
₹ 194
High / Low
₹ 204 / ₹ 125
Stock P/E
46.6x
Book Value
₹ 106
Dividend Yield
0.77%
ROCE
3.93%
ROE
2.6%
Face Value
₹ 10
Sales
₹ 1,370 Cr
OPM
8%
Profit after tax
₹ 66 Cr
Sales Qtr
₹ 2,205 Cr
PAT Qtr
₹ 137 Cr
Qtr Sales Var
13.13%
Qtr Profit Var
42.71%
Price to Earning
46.6x
Price to book value
1.83x
Return on assets
3.13%
Debt to equity
0x
Return on equity
2.6%
EPS
₹ 4.16
Debt
₹ 8 Cr
Promoter holding
33.76%
Loading chart

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 4.98% over last 3 years.
  • Earnings include an other income of Rs.31.5 Cr.

Peer Comparison

NameROCE %P/EMar Cap Rs.Cr.Sales Qtr Rs.Cr.Qtr Sales Var %NP Qtr Rs.Cr.Qtr Profit Var %
Aarti Industries6.8542.5717561.36220513.1313742.71
Aether Industri.11.9287.7519849.84305.1227.0354.014.78
Atul14.8727.4818621.901670.0715.05211.1066.13
Deepak Nitrite11.4940.0722450.292120.33-2.72219.838.56
Gujarat Fluoroch9.8673.6643313.90136911.76109-41.93
Navin Fluo.Intl.21.3759.1939585.56937.7133.78212.62113.03
NOCIL3.9363.632927.90330.35-2.7517-18.23
Pidilite Inds.31.0266.22163083.213583.3814.08584.1532.82

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
393397351341356372363318340336321316330403
Expenses
343341306292312331325294305306298289309358
Operating Profit
5056454945413824343122272145
OPM %
13%14%13%14%13%11%10%8%10%9%7%8%6%11%
Other Income
35562598967101146
Interest
00000010000000
Depreciation
1413131313131314131414141414
Profit before tax
3947374156373219262319132137
Tax %
26%27%26%26%25%26%-30%32%20%25%35%31%19%25%
Net Profit
283427304227421321171291728
Sales
403
YoY +19.9%
QoQ: +22.1%4Q Avg: 326
Operating Profit
45
YoY +45.2%
QoQ: +114.3%4Q Avg: 25.3
Net Profit
28
YoY +64.7%
QoQ: +64.7%4Q Avg: 13.8
OPM %
11%
YoY +22.2%
QoQ: +83.3%4Q Avg: 7.5%
EPS
1.7
YoY +61.2%
QoQ: +62.7%4Q Avg: 0.8

What is happening this quarter?

  • Sales grew faster than expenses, which supports operating leverage.
  • Net profit improved versus the same quarter last year.
  • Sequential sales improved in the latest quarter.

Quarterly Snapshot

Latest quarter against the previous quarter and the same quarter last year.

MetricLatestQoQYoYWhat it means
Sales403+22.1%+19.9%Sales improved versus the same quarter last year.
Expenses358+15.9%+17.0%Expenses needs monitoring versus the same quarter last year.
Operating Profit45+114.3%+45.2%Operating Profit improved versus the same quarter last year.
OPM %11%+83.3%+22.2%OPM % improved versus the same quarter last year.
Net Profit28+64.7%+64.7%Net Profit improved versus the same quarter last year.
EPS1.7+62.7%+61.2%EPS improved versus the same quarter last year.
Business Growth
Sales and expenses trend across reported quarters.
Sales vs Expenses

    Profit & Loss

    Consolidated Figures in Rs. Crores / View Standalone

    MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
    Sales
    7197157429641,0438469251,5711,6171,4451,3931,3031,370
    Expenses
    6055755826957506687931,2841,3641,2501,2551,2021,254
    Operating Profit
    114140160269293178132288253195137101115
    OPM %
    16%20%22%28%28%21%14%18%16%14%10%8%8%
    Other Income
    33911109142639323131
    Interest
    17921111112211
    Depreciation
    14152024243437485653545555
    Profit before tax
    861191472552781521072412021801147690
    Tax %
    34%34%34%33%33%14%17%27%26%26%10%27%
    Net Profit
    577897170185131881761491331035666
    Sales
    1,370
    3Y CAGR -1.8%
    5Y CAGR: -2.7%Latest year: TTM
    Operating Profit
    115
    3Y CAGR -16.1%
    5Y CAGR: -16.8%NP / OP: 57.39%
    Net Profit
    66
    3Y CAGR -20.8%
    5Y CAGR: -17.8%EPS CAGR 3Y: -20.8%
    OPM %
    8%
    Vs 5Y avg -3.2 pts
    5Y avg: 11.2%Net margin: 4.82%
    Profit Quality
    Supported by other income
    Other income / PBT 34.44%
    Interest / PBT: 1.11%NP / OP: 57.39%
    Verdict
    Mixed P&L trend
    Sales vs cost spread -1.9 pts
    Latest year: TTMEPS: 4

    What is happening?

    • Sales growth is not especially strong versus recent history.
    • Cost growth is not comfortably below sales growth, so margin expansion is limited.
    • Profit is partly supported by other income, so quality looks mixed.

    Profit & Loss Snapshot

    MetricLatest Year3Y Trend5Y TrendWhat it means
    Sales1,370WeakWeakRevenue growth needs monitoring.
    Expenses1,254LowLowCosts may pressure margins.
    Operating Profit115WeakWeakCore profit trend needs monitoring.
    OPM %8%WeakWeakCore margin is near or below recent average.
    Profit Before Tax90WeakWeakPre-tax profit shows profit before tax effects.
    Net Profit66WeakWeakBottom-line performance needs monitoring.
    Net Profit Margin %4.82%WeakWeakThis shows how much sales converts into final profit.
    Other Income31LowHighProfit still gets support from non-core income.
    Interest1LowLowInterest burden looks manageable.
    EPS4WeakWeakEPS growth needs monitoring.
    Growth
    Shows whether sales are growing faster than costs.
    Sales vs Expenses

      What stands out?

      Strengths

      • Interest burden looks manageable.

      Weaknesses

      • Profits still rely on other income more than ideal.
      • Margins remain below the long-term average.
      • Expenses are growing too fast relative to revenue.
      • Profit growth is slower than revenue growth.

      Verdict

      The company’s P&L is mixed, with some healthy signals and a few quality or cost pressures still visible.

      Balance Sheet

      Consolidated Figures in Rs. Crores / View Standalone

      MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
      Equity Capital
      161161164164165166166167167167167167
      Reserves
      2543097508829981,0201,1191,2791,3851,5321,5951,606
      Borrowings
      1472615507661013108
      Other Liabilities
      193186233279279250324380295304284329
      Total Liabilities
      7556821,1611,3311,4421,4421,6151,8301,8572,0152,0572,111
      Fixed Assets
      311307543528657797918909888870855831
      CWIP
      3644213115614891660221
      Investments
      2222176281130546853218399366415
      Other Assets
      418347438480524434614859742730776645
      Total Assets
      7556821,1611,3311,4421,4421,6151,8301,8572,0152,0572,111
      Total Assets
      2,111
      3Y growth +4.4%
      5Y growth: +5.5%Latest year: Mar 2026
      Net Worth
      1,773
      3Y growth +4.5%
      5Y growth: +6.7%Debt / NW: 0.45%
      Borrowings
      8
      3Y growth -7.2%
      Debt / NW vs avg: -0.1 ptsLow debt
      Liabilities
      2,111
      3Y growth +4.4%
      5Y growth: +5.5%NW keeps pace
      Asset Mix
      FA 39.37%
      Other assets 30.55%
      Fixed assets: 831CWIP: 221
      Verdict
      Good balance sheet
      Assets vs liabilities 0.0 pts
      Investments: 415Latest year: Mar 2026

      What is happening?

      • Balance-sheet scale is not expanding strongly.
      • Net worth is keeping pace with liability growth.
      • Leverage remains low.

      Balance Sheet Snapshot

      MetricLatest Year3Y Trend5Y TrendVs 5Y AvgWhat it means
      Total Assets2,111WeakModerateStrongBalance sheet size is expanding or stabilizing.
      Net Worth1,773WeakModerateStrongInternal strength and reserves backing the business.
      Borrowings8LowModerateLowDebt remains controlled.
      Total Liabilities2,111LowModerateHighExternal obligations compared with company scale.
      Fixed Assets831WeakWeakStrongProductive assets and capacity base.
      Other Assets645LowLowHighOther assets look manageable.
      Debt to Net Worth0.45%LowLowLowLeverage compared with owner strength.
      Fixed Assets / Assets %39.37%StrongStrongStrongHow much of assets are productive fixed assets.
      Scale
      Shows whether the company is getting larger and whether owner strength is keeping up.
      Assets, net worth & liabilities

        Financial Position

        Strengths

        • Net worth is keeping pace with liability growth.
        • Leverage remains low.

        Watchpoints

        • No major financial-position stress is visible right now.

        Verdict

        The balance sheet is mixed, with some healthy signals and a few areas to watch.

        Cash Flow Statement

        Consolidated Figures in Rs. Crores / View Standalone

        MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
        Cash from Operating Activity
        3017014210216417994-3028220126252
        Cash from Investing Activity
        -5-12-11-141-101-106-5831-217-77-37-212
        Cash from Financing Activity
        -33-151-31-43-50-1010-34-54-55-50-38
        Net Cash Flow
        -88101-8213-2835-331168-622
        Free Cash Flow
        2115612955-73-067-66253184-9584
        CFO/OP
        43%144%117%68%86%129%71%10%131%124%44%274%
        Operating Cash Flow
        252
        3Y trend -3.7%
        5Y trend: +21.8%Stability: Moderate
        Investing Cash Flow
        -212
        3Y avg -109
        Intensity: 0.84xPattern: Investing for growth
        Financing Cash Flow
        -38
        3Y avg -47.7
        Positive-financing years: 0Pattern: Returning cash / deleveraging
        Net Cash Flow
        2
        3Y trend -43.3%
        5Y trend: -43.6%Latest year: Mar 2026
        Cash Quality
        Operations are funding growth
        FCF 84
        CFO stability: ModerateFCF 3Y: -30.8%
        Verdict
        Strong cash flow profile
        Net cash latest 2
        Core cash: positiveFCF: positive

        What is happening?

        • Operating cash flow is positive.
        • The company is spending cash on investments, which usually signals expansion.
        • The company is not heavily relying on financing.

        Cash Flow Snapshot

        Latest year, medium-term trend, and where cash is coming from and going.

        MetricLatest Year3Y Trend5Y TrendVs 5Y AvgWhat it means
        Cash from Operating Activity252WeakStrongStrongCore business is generating healthy cash.
        Cash from Investing Activity-212Investing for growthModerateWeakCash is being used for investments and expansion.
        Cash from Financing Activity-38Returning cash / deleveragingModerateModerateFinancing outflows suggest repayments or returns.
        Net Cash Flow2WeakWeakWeakTotal cash increased this year.
        Free Cash Flow84WeakWeakStrongCash remains after investment needs.
        Investing Intensity0.84xManageableExpansion-ledNear usualInvestment intensity looks manageable.
        Financing Dependence0LowLimited relianceHealthyFinancing dependence remains limited.
        Cash Sources
        Shows where cash came from and where it went across operations, investing, and financing.
        CFO, CFI, CFF & net cash

          Strengths & Risks

          Strengths

          • Operating cash flow is positive.
          • Investments are being funded by internal cash generation.
          • Financing dependence remains limited.

          Risks

          • No major cash-flow risks are standing out right now.

          Verdict

          The company’s cash generation looks healthy and is funding business needs.

          Efficiency Ratios

          MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
          Debtor Days
          85778292818812210478868181
          Inventory Days
          17613511612913312812014111710012975
          Days Payable
          7974829677841239152535472
          Cash Conversion Cycle
          18213811612513813211915414313315684
          Working Capital Days
          718686949910411412810811013091
          ROCE %
          19%24%21%26%25%13%9%18%13%10%6%4%
          ROE %
          2.60 %
          ROA %
          3.13
          Debtor Days
          81
          YoY 0.0 days
          3Y Avg: 82.75Y Avg: 86
          Inventory Days
          75
          YoY -54.0 days
          3Y Avg: 101.35Y Avg: 112.4
          Days Payable
          72
          YoY +18.0 days
          3Y Avg: 59.75Y Avg: 64.4
          Cash Conversion Cycle
          84
          YoY -72.0 days
          3Y Avg: 124.35Y Avg: 134
          ROCE %
          4%
          YoY -2.0 pts
          3Y Avg: 6.7%5Y Avg: 10.2%

          What is happening?

          • Cash conversion cycle is not clearly above its recent average.
          • Debtor days are not showing a clear deterioration.
          • Return metrics need monitoring versus earlier years.

          Efficiency Snapshot

          Latest year, change versus previous period, and recent average context.

          MetricLatest YearLatest ChangeVs 5Y AvgWhat it means
          Debtor Days810.0 days-5.0 daysAverage days to collect receivables
          Inventory Days75-54.0 days-37.4 daysAverage days inventory is held
          Days Payable72+18.0 days+7.6 daysAverage days taken to pay suppliers
          Cash Conversion Cycle84-72.0 days-50.0 daysDebtor Days + Inventory Days - Days Payable
          Working Capital Days91-39.0 days-22.4 daysNet working capital expressed in days
          ROCE %4%-2.0 pts-6.2 ptsReturn on capital employed
          ROE %2.6%0.0 ptsReturn on equity
          ROA %3.1%0.0 ptsReturn on assets
          Efficiency View
          Operating cycle and return diagnostics.
          Operating Metrics

            Efficiency Position

            Strengths

            • Payable cycle provides supplier credit support.

            Risks

            • No major efficiency risks are standing out right now.

            Verdict

            Efficiency looks broadly stable from the available metrics.

            Shareholding Pattern

            Numbers in percentages

            MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
            Promoters
            33.84%33.84%33.84%33.84%33.84%33.78%33.78%33.76%33.76%33.76%33.76%33.76%33.76%
            FIIs
            5.44%6.36%6.98%7.77%7.77%7.92%7.82%8.15%6.65%5.16%4.47%4.55%4.78%
            DIIs
            4.68%3.61%2.83%3.51%4.44%6.13%5.93%5.33%5.20%6.57%6.50%7.92%7.48%
            Public
            56.04%56.19%56.36%54.87%53.95%52.18%52.47%52.76%54.39%54.52%55.27%53.79%53.99%
            No. of Shareholders
            1,79,4951,81,1901,76,3471,71,4961,67,1571,66,6271,63,8991,61,8251,65,6481,64,8171,62,1671,65,8351,61,342
            Ownership Mix
            Promoter, institutional, and public holding trend.
            Quarterly

              Documents

              Announcements

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              FAQ

              What is NOCIL Ltd share price?

              NOCIL Ltd (NOCIL) share price is shown as ₹ 194 on this Whalesbook company page.

              Where can I find NOCIL Ltd financial results?

              You can view NOCIL Ltd consolidated financial results, quarterly results, profit and loss, balance sheet, and cash flow statement on this Whalesbook company page.

              What are NOCIL Ltd ROCE and ROE?

              NOCIL Ltd ROCE is 3.93 % and ROE is 2.60 %. Whalesbook also shows other efficiency and financial ratios for NOCIL Ltd.

              How can I compare NOCIL Ltd with peers?

              Use the peer comparison section to compare NOCIL Ltd with similar listed companies across valuation, market cap, and other financial metrics. NOCIL Ltd market cap is shown as ₹ 3,238 Cr..

              Where can I read NOCIL Ltd news and announcements?

              Whalesbook shows NOCIL Ltd latest news, stock updates, corporate announcements, annual reports, credit ratings, and concall links on this company page.