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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of NOCIL Ltd

About the Company - NOCIL Ltd

NOCIL Ltd. is a Public Limited Listed company incorporated on 11/05/1961 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1961PLC012003 and registration number is 012003. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 1571.31 Cr. and Equity Capital is Rs. 166.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Petrochemicals - PolymersMafatlal House, H T Parekh Marg, Mumbai Maharashtra 400020investorcare@nocil.com
http://www.nocil.com
Management
NamePosition Held
Mr. Hrishikesh A MafatlalExecutive Chairman
Mr. S R DeoManaging Director
Mr. D N MungaleIndependent Director
Mr. Debnarayan BhattacharyaIndependent Director
Ms. Dharmishta N RavalIndependent Director
Mr. P V BhideIndependent Director
Mr. Rohit AroraIndependent Director
Mr. V S AnandDeputy Managing Director
Mr. Priyavrata H MafatlalNon Independent Director
Mr. Vilas R GupteNon Independent Director
Mr. A VellayanDirector

Basic Stock Data of NOCIL Ltd

Last Updated: June 17, 2024, 8:20 pm

Market Cap 4,482 Cr.
Current Price 269
High / Low298/204
Stock P/E33.7
Book Value 102
Dividend Yield1.12 %
ROCE11.1 %
ROE8.18 %
Face Value 10.0
PEG Ratio-18.31

Competitors of NOCIL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AVI Polymers Ltd 5.11 Cr. 12.515.4/9.45256 11.90.00 %0.57 %0.41 % 10.0
Sheela Foam Ltd 9,975 Cr. 9181,370/85460.3 2690.00 %9.07 %7.31 % 5.00
Manali Petrochemicals Ltd 1,657 Cr. 96.298.4/55.974.0 61.70.78 %4.38 %2.13 % 5.00
Kothari Petrochemicals Ltd 829 Cr. 141170/75.012.9 41.90.89 %41.9 %29.2 % 10.0
Supreme Petrochem Ltd 14,599 Cr. 776821/40945.0 1071.16 %22.5 %16.8 % 2.00
Industry Average4,269.02 Cr304.8668.4386.191.04%16.77%11.60%6.14

NOCIL Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales275322344375389463509389326393397351341
Expenses236270271325338351406327288343341306292
Operating Profit3852745051111103623850554549
OPM %14%16%21%13%13%24%20%16%12%13%14%13%14%
Other Income1211010123556
Interest0000000000000
Depreciation9101111111614141414131313
Profit before tax30446441409690492539473741
Tax %26%16%26%26%26%28%26%26%26%26%27%26%26%
Net Profit22374730306966361928342730
EPS in Rs1.342.252.851.801.794.143.992.141.121.702.061.631.80

Last Updated: April 10, 2024, 4:20 am

NOCIL Ltd Quarterly Chart

NOCIL Ltd Profit & Loss

Last Updated: May 27, 2024, 4:52 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4834885967197157429641,0438469251,5711,6171,481
Expenses4464675346055755826957506687931,2841,3641,282
Operating Profit372162114140160269293178132288253199
OPM %8%4%10%16%20%22%28%28%21%14%18%16%13%
Other Income2236933911109142618
Interest041717921111111
Depreciation1091914152024243437485653
Profit before tax48443586119147255278152107241202163
Tax %28%4%32%34%34%34%33%33%14%17%27%26%
Net Profit35422457789717018513188176149120
EPS in Rs2.152.621.483.554.875.9410.3311.177.895.3210.578.957.19
Dividend Payout %28%23%40%28%25%30%24%22%32%38%28%34%

NOCIL Ltd Profit & Loss Yearly Chart

NOCIL Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:11%
3 Years:24%
TTM:-12%
Compounded Profit Growth
10 Years:19%
5 Years:-3%
3 Years:5%
TTM:-37%
Stock Price CAGR
10 Years:31%
5 Years:14%
3 Years:16%
1 Year:25%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:10%
Last Year:10%

Last Updated: April 16, 2024, 1:19 pm

NOCIL Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital161161161161161164164165166166167167167
Reserves1732042172543097508829981,0201,1191,2791,3851,484
Borrowings80147152147261550766108
Other Liabilities137147203193186233279279250324380295300
Total Liabilities5526597327556821,1611,3311,4421,4421,6151,8301,8571,958
Fixed Assets93320320311307543528657797918909888868
CWIP1284336442131156148917
Investments022222222176281130546853218340
Other Assets330312386418347438480524434614859742733
Total Assets5526597327556821,1611,3311,4421,4421,6151,8301,8571,958

NOCIL Ltd Reserves and Borrowings Chart

NOCIL Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -26-0443017014210216417994-30282
Cash from Investing Activity -50-79-18-5-12-11-141-101-106-5831-217
Cash from Financing Activity 6952-23-33-151-31-43-50-1010-34-54
Net Cash Flow-7-283-88101-8213-2835-3311

NOCIL Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days78839085778292818812210478
Inventory Days142134167176135116129133128120141117
Days Payable81761227974829677841239152
Cash Conversion Cycle138141136182138116125138132119154143
Working Capital Days126929310986869499104115129108
ROCE %13%5%10%19%24%21%26%25%13%9%18%13%

NOCIL Ltd Financial Efficiency Indicators Chart

NOCIL Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters33.96%33.93%33.89%33.88%33.86%33.85%33.85%33.84%33.84%33.84%33.84%33.84%
FIIs2.05%2.15%2.16%2.12%2.74%2.54%2.94%4.46%5.29%5.39%5.44%6.36%
DIIs5.09%5.19%4.35%4.43%4.51%4.26%4.87%5.11%4.74%5.49%4.68%3.61%
Public58.90%58.74%59.60%59.56%58.88%59.35%58.34%56.58%56.12%55.27%56.04%56.19%
No. of Shareholders1,47,2681,43,7391,50,3201,79,3411,94,1881,95,2041,88,2301,81,8231,81,6921,77,8691,79,4951,81,190

NOCIL Ltd Shareholding Pattern Chart

No. of NOCIL Ltd Shareholders

NOCIL Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Canara Robeco Small Cap Fund1,085,6170.2925.023052024-06-24355840%
Edelweiss Small Cap Fund771,9790.6317.793052024-06-24253007.87%
Bandhan Small Cap Fund665,3490.4815.343052024-06-24218047.21%
Motilal Oswal Nifty Microcap 250 Index Fund119,8950.482.763052024-06-2439209.84%
IDBI Hybrid Equity Fund32,6130.40.723052024-06-2410592.79%
ICICI Prudential S&P BSE 500 ETF1,1190.020.033052024-06-24266.89%
Groww Nifty Total Market Index Fund3050.020.013052024-06-240%
HDFC S&P BSE 500 ETF560.0203052024-06-24-81.64%
HDFC S&P BSE 500 Index Fund1680.0203052024-06-24-44.92%

NOCIL Ltd ROCE Trend

NOCIL Ltd EPS Trend

NOCIL Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.988.9510.585.337.89
Diluted EPS (Rs.)7.958.9210.555.327.89
Cash EPS (Rs.)11.1512.2913.477.579.93
Book Value[Excl.RevalReserv]/Share (Rs.)101.9293.1486.7677.2971.57
Book Value[Incl.RevalReserv]/Share (Rs.)101.9293.1486.7677.2971.57
Revenue From Operations / Share (Rs.)86.6997.0194.3355.6351.10
PBDIT / Share (Rs.)14.0715.5417.418.7611.32
PBIT / Share (Rs.)10.9012.2014.516.509.28
PBT / Share (Rs.)10.8012.1314.456.459.20
Net Profit / Share (Rs.)7.988.9510.575.327.89
NP After MI And SOA / Share (Rs.)7.988.9510.575.327.89
PBDIT Margin (%)16.2216.0118.4515.7322.14
PBIT Margin (%)12.5712.5715.3811.6918.15
PBT Margin (%)12.4512.5015.3111.5818.00
Net Profit Margin (%)9.209.2211.209.5615.44
NP After MI And SOA Margin (%)9.209.2211.209.5615.44
Return on Networth / Equity (%)7.839.6012.186.8811.02
Return on Capital Employeed (%)9.8112.0515.387.6911.80
Return On Assets (%)6.598.039.625.479.06
Asset Turnover Ratio (%)0.740.880.910.600.58
Current Ratio (X)5.895.153.252.963.03
Quick Ratio (X)4.553.491.972.172.06
Inventory Turnover Ratio (X)3.082.943.793.172.39
Dividend Payout Ratio (NP) (%)0.0033.5018.890.0076.35
Dividend Payout Ratio (CP) (%)0.0024.4014.820.0060.68
Earning Retention Ratio (%)0.0066.5081.110.0023.65
Cash Earning Retention Ratio (%)0.0075.6085.180.0039.32
Interest Coverage Ratio (X)144.69215.81266.10150.03141.97
Interest Coverage Ratio (Post Tax) (X)83.10125.29162.5792.1499.99
Enterprise Value (Cr.)4059.043380.384139.102821.791075.88
EV / Net Operating Revenue (X)2.812.092.633.051.27
EV / EBITDA (X)17.3213.0514.2719.395.74
MarketCap / Net Operating Revenue (X)2.882.132.643.141.29
Retention Ratios (%)0.0066.4981.100.0023.64
Price / BV (X)2.452.212.882.260.91
Price / Net Operating Revenue (X)2.882.132.643.141.29
EarningsYield0.030.040.040.030.11

NOCIL Ltd Profitability Ratios (%)

NOCIL Ltd Liquidity Ratios

NOCIL Ltd Liquidity Ratios (%)

NOCIL Ltd Interest Coverage Ratios (%)

NOCIL Ltd Valuation Ratios

Fair Value

Fair Value: 284.33

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.70% compared to the current price 269

Intrinsic Value: 279.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 3.75% compared to the current price ₹269

Last 5 Year EPS CAGR: -1.84%

*Investments are subject to market risks

Strength and Weakness of NOCIL Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.33%, which is a positive sign.
  2. The company has higher reserves (774.92 cr) compared to borrowings (46.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (498.62 cr) and profit (144.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 103.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 138.50, which may not be favorable.

FAQ

What is the latest fair value of NOCIL Ltd?

The latest fair value of NOCIL Ltd is ₹284.33.

What is the Market Cap of NOCIL Ltd?

The Market Cap of NOCIL Ltd is 4,482 Cr..

What is the current Stock Price of NOCIL Ltd as on 25 June 2024?

The current stock price of NOCIL Ltd as on 25 June 2024 is ₹269.

What is the High / Low of NOCIL Ltd stocks in FY 2024?

In FY 2024, the High / Low of NOCIL Ltd stocks is 298/204.

What is the Stock P/E of NOCIL Ltd?

The Stock P/E of NOCIL Ltd is 33.7.

What is the Book Value of NOCIL Ltd?

The Book Value of NOCIL Ltd is 102.

What is the Dividend Yield of NOCIL Ltd?

The Dividend Yield of NOCIL Ltd is 1.12 %.

What is the ROCE of NOCIL Ltd?

The ROCE of NOCIL Ltd is 11.1 %.

What is the ROE of NOCIL Ltd?

The ROE of NOCIL Ltd is 8.18 %.

What is the Face Value of NOCIL Ltd?

The Face Value of NOCIL Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in NOCIL Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE