Nocil Ltd - Stock Valuation and Financial Performance

BSE: 500730 | NSE: NOCIL | Chemicals | Small Cap

NOCIL Share Price

253 3.45 1.38%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on NOCIL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Nocil stock performance -

mw4me loader
P/E Ratio (CD):
34.68
Market Cap:
4,154.5 Cr.
52-wk low:
203.6
52-wk high:
297.8

Is Nocil Ltd an attractive stock to invest in?

1. Is Nocil Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nocil Ltd is a average quality company.

2. Is Nocil Ltd undervalued or overvalued?

The key valuation ratios of Nocil Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Nocil Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nocil Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of NOCIL:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nocil Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.2%12.7%16%13.8%17.4%17%11.1%7.3%13%10.1%-
Value Creation
Index
-0.5-0.10.10.00.20.2-0.2-0.5-0.1-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5967197157429681,0438469251,5711,6171,481
Sales YoY Gr.-20.6%-0.5%3.8%30.4%7.8%-18.9%9.3%69.9%2.9%-
Adj EPS 1.63.64.95.910.411.47.85.410.697.2
YoY Gr.-131.2%35%21%75.9%8.9%-31.1%-31.7%98.3%-15.2%-
BVPS (₹) 23.525.829.255.763.470.171.27786.592.8100.9
Adj Net
Profit
25.258.378.89717218813088.9177150120
Cash Flow from Ops. 44.230.117014210216417993.6-30.2282-
Debt/CF from Ops. 3.550.20.10.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%10.8%24.1%2.9%
Adj EPS 21.4%-2.9%4.8%-15.2%
BVPS16.5%7.9%9.2%7.3%
Share Price 32.5% 11.5% 12.6% 22.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.814.717.81417.517117.212.9107.4
Op. Profit
Mgn %
10.51619.621.527.828.521.114.218.315.713.5
Net Profit
Mgn %
4.28.11113.117.71815.39.611.29.38.1
Debt to
Equity
0.40.40.10000000-
Working Cap
Days
231194201161141163195188160173108
Cash Conv.
Cycle
108110103849210711811311012687

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.08%

Return on Equity has declined versus last 3 years average to 7.40%

Net Profit has been subdued in last 3 years 4.75%

Sales growth is not so good in last 4 quarters at -10.62%

Latest Financials - Nocil Ltd.

Standalone Consolidated
TTM EPS (₹) 7.1 7.2
TTM Sales (₹ Cr.) 1,481 1,481
BVPS (₹.) 100.1 100.9
Reserves (₹ Cr.) 1,501 1,514
P/BV 2.49 2.47
PE 35.03 34.68
From the Market
52 Week Low / High (₹) 203.55 / 297.80
All Time Low / High (₹) 4.90 / 3500.00
Market Cap (₹ Cr.) 4,154
Equity (₹ Cr.) 166.7
Face Value (₹) 10
Industry PE 47

Management X-Ray of NOCIL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *10.148.6510.009.559.4111.2010.4310.4310.069.69
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5967197157429681,0438469251,5711,617
Operating Expenses 5346065765837027506687941,2851,364
Manufacturing Costs9711010099120135129137228272
Material Costs349389360360441467388505859888
Employee Cost 43506164717177708187
Other Costs 4557566170787482117116
Operating Profit 62113139159265293178131286253
Operating Profit Margin (%) 10.5%15.8%19.5%21.5%27.4%28.1%21.1%14.1%18.2%15.6%
Other Income 114410151091546
Interest 171792111111
Depreciation 19141520242434374856
Exceptional Items -2000000000
Profit Before Tax 3586119147255278152107241202
Tax 11294150859322196553
Profit After Tax 2457789717018513188176149
PAT Margin (%) 4.0%7.9%10.9%13.1%17.6%17.7%15.4%9.6%11.2%9.2%
Adjusted EPS (₹)1.53.64.95.910.311.27.95.310.69.0
Dividend Payout Ratio (%)40%28%25%30%24%22%32%38%28%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3784154709101,0431,1591,1791,2791,4401,546
Share Capital 161161161164164165166166167167
Reserves 2172543097478799931,0141,1131,2741,380
Minority Interest0000000000
Debt131126165000000
Long Term Debt7251155000000
Short Term Debt597510000000
Trade Payables1178473811169889170215127
Others Liabilities 107181200164172185173165175183
Total Liabilities 7328067591,1611,3311,4421,4421,6151,8311,857

Fixed Assets

Gross Block4484514597087018541,0281,1831,2211,253
Accumulated Depreciation128140153166174197231266312365
Net Fixed Assets320311307542527657797917909887
CWIP 3364421311561489
Investments 222222176281130546853218
Inventories160188133115155171136166333285
Trade Receivables148167151167243232203309450346
Cash Equivalents 15815122324014801657
Others Assets6410712435508281606154
Total Assets 7328067591,1611,3311,4421,4421,6151,8311,857

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 443017014210216417994-30282
PBT 3586119147255278152107241202
Adjustment 26292013171626254551
Changes in Working Capital -14-666228-88-4252-38-25680
Tax Paid -4-19-31-46-81-88-510-60-51
Cash Flow From Investing Activity -18-5-12-10-142-101-106-6231-217
Capex -28-9-14-13-47-237-180-27-36-29
Net Investments 0000000000
Others 10323-9413673-3667-187
Cash Flow From Financing Activity -23-33-151-31-43-50-1010-34-54
Net Proceeds from Shares 0006451431
Net Proceeds from Borrowing -16-21-47-11-10-50000
Interest Paid -17-17-10-2-1-1-1-1-1-1
Dividend Paid -10-10-16-23-35-50-98-1-33-50
Others 2015-78000-2-2-2-4
Net Cash Flow 3-87102-8213-2832-3311
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.4214.4117.6914.0717.416.7911.187.1912.959.99
ROCE (%)10.0318.7424.0420.8425.8525.1413.098.7517.7113.56
Asset Turnover Ratio0.841.021.010.850.790.750.590.60.910.88
PAT to CFO Conversion(x)1.830.532.181.460.60.891.371.07-0.171.89
Working Capital Days
Receivable Days737374717683941018890
Inventory Days78817455505766605870
Payable Days66726562535471725853

Nocil Ltd Stock News

Nocil Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of NOCIL on 28-Mar-2024 16:01 is ₹253.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of NOCIL stood at ₹4,154.5.
The latest P/E ratio of NOCIL as of 28-Mar-2024 16:01 is 35.03.
The latest P/B ratio of NOCIL as of 28-Mar-2024 16:01 is 2.49.
The 52-week high of NOCIL is ₹297.8 and the 52-week low is ₹203.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NOCIL is ₹1,481 ( Cr.) .

About Nocil Ltd

NOCIL Limited (formerly known as National Organic Chemical Industries) is a limited company incorporated on May 11, 1961, and is engaged in manufacture of rubber chemicals domiciled in India. The Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat). The products manufactured by the Company are used by the tyre industry and other rubber processing industries.

Business area of the company

NOCIL’s involvement in the Rubber chemicals business spans over 4 decades. The company is one of the few players in this business to offer wide range of rubber chemicals to suit the customer needs. Due to rich experience and offering a one stop shop to customers, NOCIL is today acknowledged as a dependable supplier of rubber chemicals. NOCIL today is the Largest Rubber Chemicals Manufacturer in India with the State of the Art Technology for the manufacture of rubber chemicals.

Products

  • Rubber Chemicals
  • Antidegradants / Antioxidants
  • Accelerators
  • Pre Vulcanization Inhibitor
  • Post Vulcanization Stabilizer

Certifications

  • ISO 9001:2008
  • ISO 14001:2004
  • BS OHSAS 18001:2007
  • ISO/IEC 17025:2005
  • ISO/TS 16949:2009
  • IATF
  • NABL
  • Responsible Care by the Indian Chemical Council
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