What is National Oxygen Ltd (NOL) share price return in the past 10 years?

National Oxygen Ltd share price has appreciated 4.2% annually (CAGR) over the past ten years.

What is the share price of National Oxygen Ltd (NOL)?

Company share prices are keep on changing according to the market conditions. The current trading price of National Oxygen Ltd (NOL) on 06-Jul-2026 16:59:59 at 16:59 is 54.59.

What is the P/E ratio of National Oxygen?

The latest standalone P/E ratio of National Oxygen as of 06-Jul-2026 is 14.98.

What is the P/B ratio of National Oxygen Ltd (NOL)?

The latest standalone P/B ratio of National Oxygen Ltd (NOL) as of 06-Jul-2026 is -4.46.

What is the 52-week high and low of National Oxygen Ltd (NOL)?

The 52-week high of National Oxygen Ltd (NOL) is Rs. 147.45 and the 52-week low is Rs. 42.50.

National Oxygen Ltd (NOL)

Name: National Oxygen Ltd (NOL)
Brand: National Oxygen

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507813 NSE: NOL Industrial Gases & Fuels | Small Cap | National Oxygen Share Price

₹54.59 -0.16 (-0.29%)

As on 06-Jul'26 16:59

National Oxygen Ltd (NOL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507813 NSE: NOL Industrial Gases & Fuels | Small Cap | National Oxygen Share Price

₹54.59 -0.16 (-0.29%)

As on 06-Jul'26 16:59

Key Metrics

Valuation Multiples

Market Cap

₹28 Cr.

Current Price

₹54.6

52-Week Low / High

₹43 / 147

TTM EPS

₹3.6

TTM Sales

₹23 Cr.

Book Value per Share

₹-12.2

P/E Ratio

14.98

Industry PE

26.2

Price to Book (P/B)

-4.46

Higher than its 5-year historical median

Price to Sales (P/S)

1.20

Lower than its 5-year historical median

EV/EBITDA

-21.73

Lower than its 5-year historical median

Dividend Yield

Profitability Efficiency

Return on Equity (ROE)

0.00%

Underperforms industry median

Return on Capital Employed (ROCE)

-21.59%

Underperforms industry median

Return on Assets (ROA)

-21.48%

Operating Profit Margin

-6.1%

Net Profit Margin

-17.25%

Gross Profit Margin

-9.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-10.34%

Operating Profit Growth (1 Year)

-297.6%

Net Profit Growth (1 Year)

Asset Quality

Promoter Holding

69.63%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹-11 Cr.

Equity

₹5 Cr.

Face Value

₹10

All Time Low / High

₹1.50 / 233.90

National Oxygen stock performance

Key Ratios

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is National Oxygen Ltd a good quality company?

National Oxygen Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does National Oxygen Ltd performance compare with that of its Peers?

Q.1 Revenue growth of National Oxygen Ltd vs industry peers?

National Oxygen Ltd revenue CAGR is -1.57%, compared to the industry median CAGR of 1.69%, indicating slower growth and losing its market share.

Q.1 Promoter shareholding and pledge status of National Oxygen Ltd?

Promoters hold 69.63% of the National Oxygen Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of National Oxygen Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 6.9% based on the current price.

10 Year X-Ray :

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-1.6%	3.1%	10.1%	24.7%	10%	11%	31.3%	3.3%	-5.7%	-21.6%	-
Value Creation Index ⓘ	-1.1	NA	NA	0.8	NA	-0.2	1.2	NA	NA	NA	-
Growth Parameters ⓘ
Sales ⓘ	33.2	36.1	41.4	46.2	43.9	39.8	50.6	47.1	45.3	40.6	23
Sales YoY Gr.	-	8.8%	14.6%	11.7%	-4.9%	-9.5%	27.3%	-6.9%	-3.9%	-10.3%	-
Adj EPS ⓘ	-11.9	-10.6	-6.7	2.6	-3.3	-2.3	14.4	-1.7	-6.5	-13.9	3.6
YoY Gr.	-	NA	NA	NA	-227.2%	NA	NA	-111.4%	NA	NA	-
BVPS (₹) ⓘ	0.9	-9.6	-17.7	-10.3	-13.6	9.2	0	-1.9	-2	-15.9	-12.2
Adj Net Profit ⓘ	-5.7	-5.1	-3.2	1.3	-1.6	-1.1	6.9	-0.8	-3.3	-7	2
Cash Flow from Ops. ⓘ	1.5	4.9	8.5	7.9	4.8	6.5	11.6	2.2	1	-0.2	-
Debt/CF from Ops. ⓘ	32.5	10.1	5.2	4.9	8	3.9	2.8	12.9	29.4	-174.1	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.3%	-1.6%	-7.1%	-10.3%
Adj EPS ⓘ	NA	NA	-198.8%	NA
BVPSⓘ	-236.9%	NA	-908.9%	NA
Share Price	4.2%	2.7%	-14.2%	-57.4%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-173.3	245.3	49	-18.7	27.8	104.5	314.2	173	338.6	155.6	-25.9
Op. Profit Mgn % ⓘ	8.5	13.5	13.3	18.6	14.6	15.5	22.8	7.8	2.8	-6.1	-14.5
Net Profit Mgn % ⓘ	-17.2	-14.1	-7.8	2.7	-3.6	-2.8	13.7	-1.7	-7.2	-17.3	8
Debt to Equity ⓘ	107	-10.7	-5.2	-7.7	-5.9	5.7	2077.2	-30.9	-28.5	-3.8	-
Working Cap Days ⓘ	87	91	66	47	59	74	62	75	86	95	46
Cash Conv. Cycle ⓘ	17	17	11	10	15	16	12	22	27	18	-52

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	33.18	36.09	41.36	46.21	43.93	39.76	50.61	47.11	45.26	40.58
Operating Expenses ⓘ +	30.37	31.20	35.87	37.63	37.54	33.59	39.17	43.43	44.01	43.05
Manufacturing Costs	22.75	23.43	27.04	28.54	27.78	24.49	30.38	32.42	32.43	32.07
Material Costs	1.30	1.15	1.28	0.71	0.86	1.91	0.84	0.43	0.08	0.06
Employee Cost	2.84	2.91	3.15	3.33	3.49	3.03	3.58	3.54	3.33	3.33
Other Costs ⓘ	3.47	3.71	4.40	5.05	5.41	4.16	4.38	7.04	8.17	7.59
Operating Profit ⓘ	2.81	4.88	5.49	8.58	6.40	6.18	11.43	3.68	1.25	-2.47
Operating Profit Margin (%)	8.5%	13.5%	13.3%	18.6%	14.6%	15.5%	22.6%	7.8%	2.8%	-6.1%
Other Income ⓘ +	0.35	0.33	0.61	0.29	0.27	0.49	1.44	0.59	0.50	0.28
Exceptional Items ⓘ	0	0	1.71	3.14	0	0	0	0	0	0
Interest ⓘ	6.10	6.46	5.90	4.90	4.80	4.48	2.15	1.79	1.64	1.59
Depreciation ⓘ	3.94	3.79	3.79	3.53	3.41	3.28	3.09	3.27	3.33	3.22
Profit Before Tax ⓘ	-6.88	-5.04	-1.88	3.57	-1.55	-1.10	7.63	-0.79	-3.23	-7
Tax ⓘ	-1.19	0	-0.01	0	0.01	0	0	0	0	0
Profit After Tax	-5.68	-5.04	-1.87	3.56	-1.57	-1.10	7.63	-0.79	-3.23	-7
PAT Margin (%)	-17.1%	-14.0%	-4.5%	7.7%	-3.6%	-2.8%	15.1%	-1.7%	-7.1%	-17.3%
Adjusted EPS (₹)	-11.8	-10.5	-3.9	7.4	-3.3	-2.3	15.9	-1.7	-6.4	-13.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Valuation of National Oxygen - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	0.45	-4.59	-8.50	-4.94	-6.54	4.39	0.02	-0.93	-1	-8.01
Share Capital ⓘ	4.80	4.80	4.80	4.80	4.80	4.80	4.80	4.80	5.04	5.04
Reserves ⓘ	-4.35	-9.39	-13.31	-9.74	-11.34	-0.41	-4.79	-5.73	-6.04	-13.05
Debt +	43.29	43.47	39.96	35.97	38.52	22.72	30.37	26.56	26.22	28.97
Long Term Debt	37.37	37.89	34.59	30.47	32.66	19.17	30.37	26.56	22.61	24.02
Short Term Debt	5.92	5.58	5.38	5.50	5.86	3.55	0	0	3.61	4.96
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	3.69	3.76	2.63	2.43	3.37	3.41	3.25	3.23	2.88	4.36
Others Liabilities ⓘ	8.42	8.51	7.84	5.72	2.87	5.45	6.17	6.06	6.02	5.77
Total Liabilities ⓘ	55.85	51.16	41.93	39.18	38.22	35.98	39.80	34.91	34.11	31.10
Fixed Assets
Net Fixed Assets ⓘ +	44.88	41.08	35.24	31.91	29.01	26.48	24.27	22.07	21.98	19.58
Gross Block	77.29	76.97	66.45	66.23	66.52	67.27	64.11	65.18	68.42	69.24
Accumulated Depreciation	32.41	35.89	31.21	34.32	37.51	40.79	39.84	43.10	46.44	49.66
CWIP ⓘ	0	0.03	0.03	0.03	0.03	0.06	0	0.14	0.81	0.18
Investments ⓘ	0.16	0.01	0.11	0.17	0.19	0.21	0.10	0.05	0.08	0.33
Inventories	0.66	0.30	0.22	0.26	0.46	0.63	0.89	1.12	1.01	0.93
Trade Receivables	6.04	5.29	3.73	4.22	4.90	5	5.04	5.34	5.30	3.26
Cash Equivalents	0.80	0.53	0.81	0.91	1.05	1.01	6.47	2.15	0.49	0.56
Others Assets ⓘ	3.31	3.92	1.79	1.69	2.58	2.58	3.03	4.03	4.44	6.25
Total Assets ⓘ	55.85	51.16	41.93	39.18	38.22	35.98	39.80	34.91	34.11	31.10

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1.49	4.87	8.45	7.85	4.83	6.53	11.59	2.23	0.97	-0.18
PBT ⓘ	-6.88	-5.04	-1.88	3.57	-1.55	-1.10	7.63	-0.79	-3.23	-7
Adjustment ⓘ	9.78	9.98	7.93	5.27	8.02	7.68	4.13	4.74	4.78	4.56
Changes in Working Capital ⓘ	-1.37	-0.05	2.39	-0.97	-1.62	-0.04	-0.12	-1.67	-0.52	2.31
Tax Paid ⓘ	-0.04	-0.02	0.02	-0.02	-0.01	-0.02	-0.04	-0.06	-0.06	-0.04
Cash Flow From Investing Activity ⓘ +	-0.45	0.71	2.68	3.12	-0.39	-0.70	0.40	-0.62	-3.69	-0.21
Capex	-0.01	0.02	2.69	3.09	-0.48	-0.76	0.28	-0.85	-3.86	-0.19
Net Investments	0.40	0.15	-0.10	-0.05	-0.02	-0.02	0.01	0.09	-0.03	-0.25
Others ⓘ	-0.84	0.55	0.09	0.08	0.12	0.08	0.12	0.15	0.20	0.23
Cash Flow From Financing Activity ⓘ +	-1.03	-5.85	-10.86	-10.86	-4.30	-5.87	-6.54	-5.93	1.07	0.45
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	3.12	0
Net Proceeds from Borrowing ⓘ	6.47	0.94	-4.75	-6.09	0.14	0.93	-0.84	-4.17	-0.94	0.68
Interest Paid ⓘ	-6.10	-6.46	-5.90	-4.90	-4.80	-4.48	-2.15	-1.76	-1.62	-1.58
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-1.40	-0.33	-0.21	0.13	0.36	-2.31	-3.55	0	0.51	1.35
Net Cash Flow ⓘ	0.01	-0.27	0.28	0.11	0.14	-0.04	5.46	-4.32	-1.66	0.07

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-172.53	N/A	N/A	N/A	N/A	0	346	N/A	N/A	N/A
ROCE (%)	-1.59	N/A	N/A	N/A	N/A	10.99	31.32	N/A	N/A	N/A
Asset Turnover Ratio	0.64	0.74	0.91	1.14	1.14	1.07	1.34	1.26	1.31	1.24
PAT to CFO Conversion(x)	N/A	N/A	N/A	2.21	N/A	N/A	1.52	N/A	N/A	N/A
Working Capital Days
Receivable Days	48.50	52.60	39	31.40	37.90	45.50	36.20	40.20	42.90	38.50
Inventory Days	6.10	4.40	2.20	1.90	3	5	5.50	7.80	8.60	8.70
Payable Days	962.50	1,179.90	909.10	1,300.70	1,228.80	649.50	1,451.90	2,779.50	0	0

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

National Oxygen Ltd FAQs

The current trading price of National Oxygen on 06-Jul-2026 16:59 is ₹54.59.

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 05-Jul-2026 the market cap of National Oxygen stood at ₹27.53 Cr

The latest P/E ratio of National Oxygen as of 05-Jul-2026 is 14.98.

The latest P/B ratio of National Oxygen as of 05-Jul-2026 is -4.46.

The 52-week high of National Oxygen is ₹147.4 and the 52-week low is ₹42.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of National Oxygen is ₹22.96 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Oxygen Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About National Oxygen Ltd

National Oxygen ltd. incorporated in 1974, is a leading producer and supplier of Industrial gases both in liquid and gaseous forms with well established business relationship with their clients over the last three decades in this business.

It is an NOL Group company,the group is having interest in manufacturing oxygen, nitrogen, acetylene and trading petro chemical products.The other group companies are

East Coast Acetylene (P) Ltd
Pondicherry Agro Foods (P) Ltd
Mahaveer Trading Company
Sri Ganapati Impex
Goodwill International
Saraf Housing Development (P) Ltd
Pondicherry Agro Foods (P) Ltd

It is a public limited company registered with Mumbai & Chennai Stock Exchanges, for manufacture and supply of industrial gases both in liquid and gaseous form to industries and hospitals. Started production in 1979 with a 60 Cu.M. / hour plant near Trichirapalli in Tamilnadu has now expanded its activities by initially a 75 TPD plant at Pondicherry during 1997. The company has got certified for ISO 9001:2000 and supplying its products to various industrial and hospital sectors.

National Oxygen (NOL) is a leading producer and supplier of Industrial gases both in liquid and gaseous forms with well established business relationship with their clients over the last three decades in this business. NOL currently has a capacity of 2500 Cu.M per hour of oxygen / nitrogen gases and 2,00,000 Cu.M per annum capacity of dissolved acetylene gas having manufacturing facilities at Pondicherry and Tamilnadu.

In addition to oxygen, NOL installed an additional facility for compressing waste nitrogen into commercial grade nitrogen and over the years upgraded all it's facilities. NOL can now supply oxygen and nitrogen in liquid and gaseous forms to industries and hospitals through it's own sales network.

NOL has installed a windmill with a capacity of 1.65 MW at Dhule, Maharastra during December 2005.

The clients of NOL consist mainly government workshops, public sector units, space and petrochemical units. Also serves to steel sector, pharmaceutical sector, refrigeration units, hospitals, ship making & repairing units other than fabrication sector.

Product range of the company includes:

Derivation
Oxygen
Nitrogen
Argon
Dissolved Acetylene Gas

Achievements/ recognition:

ISO 9001:2000 certification from TUV

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National Oxygen Ltd (NOL)

National Oxygen Ltd (NOL)

National Oxygen stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of National Oxygen - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

National Oxygen Ltd FAQs

About National Oxygen Ltd

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

National Oxygen Ltd (NOL)

National Oxygen Ltd (NOL)

National Oxygen stock performance

Check Before You Invest

M-Cap below 100cr DeciZen not available

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of National Oxygen - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

National Oxygen Ltd FAQs

What is the share price of National Oxygen?

What is the market cap of National Oxygen?

What is the P/E ratio of National Oxygen?

What is the P/B ratio of National Oxygen?

What is the 52-week high and low of National Oxygen?

What is the TTM revenue of National Oxygen?

Is National Oxygen Ltd a good quality company?

Is National Oxygen Ltd undervalued or overvalued?

Is National Oxygen Ltd a good buy now?

About National Oxygen Ltd

Create stable, long-term investment portfolio with strong, consistent stocks.

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.