NOCIL Ltd

NOCIL Ltd

₹ 190 0.66%
24 Apr 10:12 a.m.
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 3,167 Cr.
  • Current Price 190
  • High / Low 336 / 155
  • Stock P/E 25.6
  • Book Value 106
  • Dividend Yield 1.59 %
  • ROCE 9.78 %
  • ROE 7.21 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.2%

Cons

  • Promoter holding is low: 33.8%
  • Company has a low return on equity of 9.83% over last 3 years.
  • Earnings include an other income of Rs.51.5 Cr.

* 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

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
389 463 509 389 326 393 397 351 341 356 372 363 318
338 351 406 327 288 343 341 306 292 312 331 325 294
Operating Profit 51 111 103 62 38 50 56 45 49 45 41 38 24
OPM % 13% 24% 20% 16% 12% 13% 14% 13% 14% 13% 11% 10% 8%
0 1 0 1 2 3 5 5 6 25 9 8 9
Interest 0 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 11 16 14 14 14 14 13 13 13 13 13 13 14
Profit before tax 40 96 90 49 25 39 47 37 41 56 37 32 19
Tax % 26% 28% 26% 26% 26% 26% 27% 26% 26% 25% 26% -30% 32%
30 69 66 36 19 28 34 27 30 42 27 42 13
EPS in Rs 1.79 4.14 3.99 2.14 1.12 1.70 2.06 1.63 1.80 2.49 1.62 2.52 0.77
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,410
467 534 605 575 582 695 750 668 793 1,284 1,364 1,250 1,262
Operating Profit 21 62 114 140 160 269 293 178 132 288 253 195 148
OPM % 4% 10% 16% 20% 22% 28% 28% 21% 14% 18% 16% 14% 10%
36 9 3 3 9 11 10 9 14 2 6 39 52
Interest 4 17 17 9 2 1 1 1 1 1 1 2 2
Depreciation 9 19 14 15 20 24 24 34 37 48 56 53 53
Profit before tax 44 35 86 119 147 255 278 152 107 241 202 180 144
Tax % 4% 32% 34% 34% 34% 33% 33% 14% 17% 27% 26% 26%
42 24 57 78 97 170 185 131 88 176 149 133 124
EPS in Rs 2.62 1.48 3.55 4.87 5.94 10.33 11.17 7.89 5.32 10.57 8.95 7.98 7.40
Dividend Payout % 23% 40% 28% 25% 30% 24% 22% 32% 38% 28% 34% 38%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 16%
TTM: -5%
Compounded Profit Growth
10 Years: 17%
5 Years: -9%
3 Years: 10%
TTM: 3%
Stock Price CAGR
10 Years: 17%
5 Years: 19%
3 Years: -6%
1 Year: -32%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 204 217 254 309 750 882 998 1,020 1,119 1,279 1,385 1,532 1,604
147 152 147 26 15 5 0 7 6 6 10 13 12
147 203 193 186 233 279 279 250 324 380 295 304 309
Total Liabilities 659 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,091
320 320 311 307 543 528 657 797 918 909 888 870 863
CWIP 4 3 3 6 4 42 131 156 14 8 9 16 19
Investments 22 22 22 22 176 281 130 54 68 53 218 399 526
312 386 418 347 438 480 524 434 614 859 742 730 683
Total Assets 659 732 755 682 1,161 1,331 1,442 1,442 1,615 1,830 1,857 2,015 2,091

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 44 30 170 142 102 164 179 94 -30 282 201
-79 -18 -5 -12 -11 -141 -101 -106 -58 31 -217 -77
52 -23 -33 -151 -31 -43 -50 -101 0 -34 -54 -55
Net Cash Flow -28 3 -8 8 101 -82 13 -28 35 -33 11 68

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 134 167 176 135 116 129 133 128 120 141 117 100
Days Payable 76 122 79 74 82 96 77 84 123 91 52 53
Cash Conversion Cycle 141 136 182 138 116 125 138 132 119 154 143 133
Working Capital Days 92 93 109 86 86 94 99 104 115 129 108 110
ROCE % 5% 10% 19% 24% 21% 26% 25% 13% 9% 18% 13% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
33.85% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.84% 33.78% 33.78% 33.76%
2.94% 4.46% 5.29% 5.39% 5.44% 6.36% 6.98% 7.77% 7.77% 7.92% 7.82% 8.15%
4.87% 5.11% 4.74% 5.49% 4.68% 3.61% 2.83% 3.51% 4.44% 6.13% 5.93% 5.33%
58.34% 56.58% 56.12% 55.27% 56.04% 56.19% 56.36% 54.87% 53.95% 52.18% 52.47% 52.76%
No. of Shareholders 1,88,2301,81,8231,81,6921,77,8691,79,4951,81,1901,76,3471,71,4961,67,1571,66,6271,63,8991,61,825

* 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