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NOCIL
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NOCIL Limited is India's largest manufacturer and supplier of rubber chemicals. The Company is known for product, quality, customer services and commitment to environmental care. The Company is a part of Arvind Mafatlal Group of Industries, a well-known Business House in India with diversified business interests. It has manufacturing plants at Navi Mumbai (Maharashtra) and at Dahej (Gujarat).
The Company is engaged in manufacturing and sale of rubber chemicals. The products manufactured by the Company are used by the tyre industry and other rubber processing industries. They have manufacturing facilities in TTC Industrial Area, Thane and ancillary manufacturing facilities in the GIDC Industrial Area, Vapi. They offer a range of rubber chemicals, such as PILFLex, which is a rubber anti-degradant, PILnox, which is a rubber antioxidant, PILcure, which is a rubber accelerator, and PILGarD, which is a rubber pre-vulcanization inhibitor. Their subsidiaries include Ensen Holdings Ltd, Urvija Investments Ltd and PIL Chemicals Pvt. Ltd.
NOCIL Ltd was incorporated on May 11th, 1961 as National Organic Chemical Industries Ltd. In the year 1968, the Company commenced production of petrochemicals at NOCIL in technical collaboration with the Royal Dutch Shell Group.
Polyolefins Industries Ltd was incorporated in the year 1964, which produced polymers in technical collaboration with Farbwerke Hoechst AG, West Germany. In the year 1981, MINDIA Chemicals Ltd, which produced rubber chemicals merged with Polyolefins Industries Ltd.
In 1993, Polyolefins Industries Ltd merged with company for synergy of operations. Also, the company became an Indian company under Arvind Mafatlal Group upon withdrawal of Shell from the company and Hoechst from Polyolefins Industries Ltd. Rubber Chemicals Business operates as NOCIL-RCD
In the year 1995, NOCIL-RCD consolidated their position as an important supplier of rubber chemicals in the global market. In the year 2002, the company decided to close down their Petrochemicals Division due to uneconomical and unviable operations on account of their sub-optimal capacity. During the year 2005-06, as per the scheme of arrangement, the net current assets of the Plastic Products Division have been transferred to RELPOL Plastics Products Ltd (formerly known as NOCIL Petrochemicals Ltd, a business associate of Reliance Industries Ltd) with effect from July 20, 2005.
During year 2006-07, Company acquired the entire shareholding of PIL Chemicals Pvt Ltd (formerly known as Sushripada Plastics Pvt Ltd) for Rs 19.50 crore. Thus, PIL Chemicals Pvt Ltd became a wholly owned subsidiary of the company. Also, Company acquired 60 acre plot of land at Dahej near Bharuch in designated chemical zone of Gujarat Industrial Development Corporation.
During the year 2007-08, name of the Company changed from National Organic Chemical Industries Ltd to NOCIL Ltd effective from September 14, 2007.
During 2011, the company has got assignment of Registered Trademark 'MONOCIL'. In 2013, the company commenced production at its new Greenfield Plant at Dahej.
Pursuant to the order of the Hon'ble Bombay High Court regarding the merger of Ensen Holdings Limited and Urvija Investments Limited, the erstwhile subsidiaries of the Company (the merged entities) with another subsidiary company, viz. PIL Chemicals Private Limited (PIL), the Statutory Reserve created under Section 45 IC of Reserve Bank Of India (Amendment) Act, 1997 by the respective merged entities were taken over by PIL.
During the year 2017, the company had approved a capital expenditure (capex) of Rs. 170 crore in March 2017. In terms of the said plan, capex which was to be incurred at Navi Mumbai, got commissioned by the end of June 2018 and Dahej expansion plans got commissioned by end of January 2019.
During the FY 2020-21, two promoter entities, Suremi Trading Private Ltd and Sushriprada Investments Private Ltd (the Transferor Companies) got merged with NOCIL Ltd. (the Transferee Company / Holding Company) through the Scheme of Amalgamation effective from March 19, 2021. In terms of the said scheme 3,11,17,689 equity shares of Rs 10/- each were allotted to the shareholders of the said Transferor Companies on March 30, 2021.
NOCIL share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of NOCIL indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how NOCIL is valued compared to its competitors.
NOCIL PE ratio helps investors understand what is the market value of each stock compared to NOCIL 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of NOCIL evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively NOCIL generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of NOCIL in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of NOCIL shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of NOCIL compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of NOCIL over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of NOCIL helps investors get an insight into when they can enter or exit the stock. Key components of NOCIL Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where NOCIL shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect NOCIL ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of NOCIL provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of NOCIL highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of NOCIL .
The balance sheet presents a snapshot of NOCIL ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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