NOCIL Ltd

NOCIL Ltd

₹ 259 0.76%
22 Nov - 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 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]

  • Market Cap 4,324 Cr.
  • Current Price 259
  • High / Low 336 / 218
  • Stock P/E 31.0
  • Book Value 105
  • Dividend Yield 1.16 %
  • ROCE 9.72 %
  • ROE 7.18 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.4%

Cons

  • Promoter holding is low: 33.8%
  • Company has a low return on equity of 9.88% 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
375 389 463 509 389 326 393 397 351 341 356 372 363
326 339 352 407 328 289 344 342 307 293 313 332 326
Operating Profit 49 50 111 102 61 37 49 54 44 48 43 40 37
OPM % 13% 13% 24% 20% 16% 11% 12% 14% 13% 14% 12% 11% 10%
2 1 1 0 1 3 3 5 5 6 25 10 9
Interest 0 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 10 10 16 13 14 14 14 13 13 13 13 13 13
Profit before tax 41 40 95 88 49 25 38 46 36 40 55 36 32
Tax % 26% 25% 28% 26% 26% 25% 26% 27% 25% 26% 25% 25% -28%
31 30 68 66 36 19 28 34 27 30 41 27 41
EPS in Rs 1.83 1.80 4.11 3.94 2.16 1.13 1.70 2.02 1.61 1.79 2.47 1.63 2.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
488 596 719 715 742 964 1,043 846 925 1,571 1,617 1,445 1,432
469 535 606 577 584 698 752 670 798 1,287 1,367 1,254 1,264
Operating Profit 20 61 113 139 159 266 291 177 127 284 249 190 168
OPM % 4% 10% 16% 19% 21% 28% 28% 21% 14% 18% 15% 13% 12%
36 9 3 3 8 11 10 10 14 3 7 40 50
Interest 4 17 17 9 2 1 1 1 1 1 1 2 2
Depreciation 8 18 14 14 19 23 23 32 36 47 54 51 52
Profit before tax 44 35 86 118 146 253 277 152 104 240 201 177 164
Tax % 4% 32% 34% 34% 34% 33% 33% 14% 17% 27% 26% 26%
42 24 57 78 97 169 184 131 86 176 149 131 140
EPS in Rs 2.64 1.47 3.53 4.83 5.92 10.25 11.13 7.91 5.20 10.56 8.92 7.88 8.37
Dividend Payout % 23% 41% 28% 25% 30% 24% 22% 32% 38% 28% 34% 38%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 16%
TTM: -2%
Compounded Profit Growth
10 Years: 17%
5 Years: -9%
3 Years: 11%
TTM: 30%
Stock Price CAGR
10 Years: 21%
5 Years: 20%
3 Years: 2%
1 Year: 8%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 161 161 161 161 164 164 165 166 166 167 167 167 167
Reserves 203 216 253 307 741 873 988 1,010 1,107 1,267 1,374 1,518 1,590
147 152 147 26 15 5 0 0 6 6 10 13 12
151 208 196 185 228 273 275 252 320 377 291 298 305
Total Liabilities 662 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,073
301 302 293 290 518 503 629 769 892 884 863 846 840
CWIP 3 3 3 6 3 39 131 156 14 8 8 16 19
Investments 47 47 47 47 201 302 148 72 82 67 231 407 534
310 384 413 335 426 472 520 430 611 857 739 727 680
Total Assets 662 736 757 679 1,148 1,316 1,428 1,428 1,599 1,816 1,841 1,996 2,073

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 44 27 165 140 98 164 177 90 -32 278 196
-77 -18 -5 -12 -9 -138 -102 -104 -55 33 -214 -72
52 -23 -33 -151 -31 -42 -50 -101 0 -34 -54 -55
Net Cash Flow -24 3 -10 2 101 -81 12 -28 36 -33 10 69

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83 90 85 77 82 92 81 88 122 104 78 86
Inventory Days 133 167 176 134 116 128 133 128 119 141 117 100
Days Payable 83 130 84 75 82 94 77 84 124 92 53 53
Cash Conversion Cycle 134 128 177 136 116 126 137 132 118 153 142 133
Working Capital Days 88 89 106 85 86 94 99 104 114 128 108 110
ROCE % 6% 10% 19% 24% 21% 26% 25% 13% 8% 18% 13% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
33.86% 33.85% 33.85% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.78%
2.74% 2.54% 2.94% 4.46% 5.29% 5.39% 5.44% 6.36% 6.98% 7.77% 7.77% 7.92%
4.51% 4.26% 4.87% 5.11% 4.74% 5.49% 4.68% 3.61% 2.83% 3.51% 4.44% 6.13%
58.88% 59.35% 58.34% 56.58% 56.12% 55.27% 56.04% 56.19% 56.36% 54.87% 53.95% 52.18%
No. of Shareholders 1,94,1881,95,2041,88,2301,81,8231,81,6921,77,8691,79,4951,81,1901,76,3471,71,4961,67,1571,66,627

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls