Nocil Ltd - Stock Valuation and Financial Performance

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

NOCIL Share Price

258.65 -7.15 -2.69%
as on 18-Nov'24 16:59

DeciZen - make an informed investing decision on NOCIL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Nocil stock performance -

mw4me loader
P/E Ratio (CD):
30.68
Market Cap:
4,317 Cr.
52-wk low:
218
52-wk high:
336.1

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 Weak which suggest that the price of Nocil Ltd is likely to Fall 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.7%24%20.8%25.9%25.1%13.1%8.8%17.7%13.6%11.2%-
Value Creation
Index
0.30.70.50.90.8-0.1-0.40.30.0-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7197157429681,0438469251,5711,6171,4451,432
Sales YoY Gr.--0.5%3.8%30.4%7.8%-18.9%9.3%69.9%2.9%-10.6%-
Adj EPS 3.64.95.910.411.47.85.410.697.28.4
YoY Gr.-35%21%75.9%8.9%-31.1%-31.7%98.3%-15.2%-20.4%-
BVPS (₹) 25.829.255.763.470.171.27786.592.8101.5106.1
Adj Net
Profit
58.378.89717218813088.9177150119141
Cash Flow from Ops. 30.117014210216417993.6-30.2282201-
Debt/CF from Ops. 50.20.10.1000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%6.7%16%-10.6%
Adj EPS 7.8%-8.8%10.2%-20.4%
BVPS16.4%7.7%9.7%9.4%
Share Price 20.1% 19.5% 1.5% 5.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
14.717.81417.517117.212.9107.38.1
Op. Profit
Mgn %
1619.621.527.828.521.114.218.315.713.512
Net Profit
Mgn %
8.11113.117.71815.39.611.29.38.39.8
Debt to
Equity
0.40.1000000000
Working Cap
Days
194201161141163195188160173167123
Cash Conv.
Cycle
1101038492107118113110126123102

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.04%

Net Profit is growing at healthy rate in last 3 years 10.20%

Return on Equity has declined versus last 3 years average to 8.10%

Sales growth is not so good in last 4 quarters at -1.87%

Latest Financials - Nocil Ltd.

Standalone Consolidated
TTM EPS (₹) 8.4 8.4
TTM Sales (₹ Cr.) 1,432 1,432
BVPS (₹.) 105.2 106.1
Reserves (₹ Cr.) 1,590 1,604
P/BV 2.46 2.44
PE 30.93 30.68
From the Market
52 Week Low / High (₹) 218.00 / 336.10
All Time Low / High (₹) 4.90 / 3500.00
Market Cap (₹ Cr.) 4,317
Equity (₹ Cr.) 166.9
Face Value (₹) 10
Industry PE 55.9

Management X-Ray of NOCIL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *9.559.4111.2010.4310.4310.069.6913.118.547.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of NOCIL

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales7197157429681,0438469251,5711,6171,445
Operating Expenses 6065765837027506687941,2851,3641,250
Manufacturing Costs11010099120135129137228273234
Material Costs389360360441467388505859888815
Employee Cost 50616471717770818792
Other Costs 57566170787482117116108
Operating Profit 113139159265293178131286253195
Operating Profit Margin (%) 15.8%19.5%21.5%27.4%28.1%21.1%14.1%18.2%15.6%13.5%
Other Income 441015109154639
Interest 17921111112
Depreciation 14152024243437485653
Exceptional Items 0000000000
Profit Before Tax 86119147255278152107241202180
Tax 29415085932219655347
Profit After Tax 57789717018513188176149133
PAT Margin (%) 7.9%10.9%13.1%17.6%17.7%15.4%9.6%11.2%9.2%9.2%
Adjusted EPS (₹)3.64.95.910.311.27.95.310.69.08.0
Dividend Payout Ratio (%)28%25%30%24%22%32%38%28%34%38%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4154709101,0431,1591,1791,2791,4401,5461,692
Share Capital 161161164164165166166167167167
Reserves 2543097478799931,0141,1131,2741,3801,525
Minority Interest0000000000
Debt1261650000000
Long Term Debt511550000000
Short Term Debt75100000000
Trade Payables8473811169889170215127118
Others Liabilities 181200164172185173165175183205
Total Liabilities 8067591,1611,3311,4421,4421,6151,8311,8572,015

Fixed Assets

Gross Block4514597087018541,0281,1831,2211,2531,282
Accumulated Depreciation140153166174197231266312365413
Net Fixed Assets311307542527657797917909887869
CWIP 36442131156148916
Investments 2222176281130546853218399
Inventories188133115155171136166333285223
Trade Receivables167151167243232203309450346340
Cash Equivalents 81512232401480165796
Others Assets1071243550828160615472
Total Assets 8067591,1611,3311,4421,4421,6151,8311,8572,015

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3017014210216417994-30282201
PBT 86119147255278152107241202180
Adjustment 29201317162625455113
Changes in Working Capital -666228-88-4252-38-2568048
Tax Paid -19-31-46-81-88-510-60-51-40
Cash Flow From Investing Activity -5-12-10-142-101-106-6231-217-77
Capex -9-14-13-47-237-180-27-36-29-17
Net Investments 0000000000
Others 323-9413673-3667-187-60
Cash Flow From Financing Activity -33-151-31-43-50-1010-34-54-55
Net Proceeds from Shares 0064514310
Net Proceeds from Borrowing -21-47-11-10-500000
Interest Paid -17-10-2-1-1-1-1-1-1-2
Dividend Paid -10-16-23-35-50-98-1-33-50-50
Others 15-78000-2-2-2-4-4
Net Cash Flow -87102-8213-2832-331168
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.4117.6914.0717.416.7911.187.1912.959.998.21
ROCE (%)18.7424.0420.8425.8525.1413.098.7517.7113.5611.17
Asset Turnover Ratio1.021.010.850.790.750.590.60.910.880.75
PAT to CFO Conversion(x)0.532.181.460.60.891.371.07-0.171.891.51
Working Capital Days
Receivable Days737471768394101889087
Inventory Days81745550576660587064
Payable Days72656253547172585342

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 18-Nov-2024 16:59 is ₹258.6.
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 18-Nov-2024 16:59 the market cap of NOCIL stood at ₹4,317.
The latest P/E ratio of NOCIL as of 18-Nov-2024 16:59 is 30.93.
The latest P/B ratio of NOCIL as of 18-Nov-2024 16:59 is 2.46.
The 52-week high of NOCIL is ₹336.1 and the 52-week low is ₹218.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NOCIL is ₹1,432 ( 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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