On 6 Nov 2026, NOCIL was priced at ₹135.68, or 29.1× trailing earnings, against an industry P/E of 22.1×, and the shares are 36% below their 52-week high. Sales and net profit fell 7.4% and 28% a year over 3 years; its ROCE of 4.1% is the lowest among the 7 largest Specialty Chemicals peers. It carries very little debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹2,266 Cr, ranked 58th of 204 Specialty Chemicals companies by market cap; the shares fell 24% over the past year.
- ₹136.93
- ₹136.93
- ₹133.31
- ₹137.19
- 5 L
Health check
- ReturnsBehind
−24.0% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 29.1 vs industry 22.1.
- GrowthShrinking
Sales −7.4%, profit −28.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.1% vs peer median 24.4%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags2 to check
Return on equity is low at 4.4%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,266 Cr
- Small cap
- P/E
- 29.1
- Industry 22.1
- Price to book
- 1.25
- Peers 13.33
- Dividend yield
- 1.11%
- ROE
- 4.4%
- Peers 23.0%
- ROCE
- 4.1%
- Peers 24.4%
- Debt to equity
- 0.00
- Debt ₹6.56 Cr
- EPS (TTM)
- ₹4.66
- Face value ₹10
- OPM (TTM)
- 8.7%
- Net margin 5.3%
- Sales growth
- +33.2%
- Latest quarter vs a year ago
- Profit growth
- +97.3%
- Latest quarter vs a year ago
- Price to sales
- 1.54
- EV/EBITDA 17.1
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 97.3% on a year ago.
- Quarterly sales up 33.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 4.4%.
- 36% below its 52-week high.
About NOCIL
NOCIL Limited engages in the manufacture and sale of rubber chemicals for tire, automotive, rubber goods, and industrial sectors in India and internationally. It provides rubber chemicals, including pilflex, pilnox, pilcure, and pilgard, as well as anti-degradants/anti-oxidants accelerators. The company also offers technical services. NOCIL Limited was incorporated in 1961 and is headquartered in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 769
- Sector
- Basic Materials
- ISIN
- INE163A01018
- Website
- nocil.com
Price range
- Avg volume (3M)
- 11.8 L
- 1-year return
- minus 24.0%
- From 52-week high
- minus 35.8%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| NOCILNOCIL | 135.68 | minus 1.10% | 2,266 | 29.1 | 19.2 | 4.1% | 8.9% | 0.00 | −7.4% | minus 24.0% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 336 | 316 | 330 | 403 | 427 | |
| 306 | 289 | 309 | 358 | 391 | |
| 30.6 | 26.8 | 21.1 | 45.2 | 36 | |
| 9.1% | 8.5% | 6.4% | 11.2% | 8.4% | |
| 6.6 | 6.2 | 13.9 | 5.9 | 6.5 | |
| 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 13.7 | 13.9 | 13.7 | 13.7 | 14 | |
| – | −5.4 | – | – | – | |
| 23.1 | 13.4 | 21 | 37.1 | 28.2 | |
| 25.4% | 31.0% | 18.9% | 25.2% | 14.8% | |
| 17.3 | 9.3 | 17 | 27.8 | 24.1 | |
| 1.03 | 0.55 | 1.01 | 1.66 | 1.44 |
Profit & loss
- Sales CAGR 3Y
- −7.4%
- Profit CAGR 3Y
- −28.0%
- EPS CAGR 3Y
- −28.1%
- ROE
- 4.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,611 | 1,437 | 1,372 | 1,280 | |
| – | minus 10.8% | minus 4.6% | minus 6.7% | |
| 1,357 | 1,242 | 1,233 | 1,179 | |
| 254 | 195 | 139 | 101 | |
| 15.8% | 13.6% | 10.1% | 7.9% | |
| 3.6 | 17.9 | 21.9 | 23.9 | |
| 1.2 | 1.6 | 1.8 | 1.4 | |
| 55.7 | 52.8 | 53.6 | 54.8 | |
| 1.2 | 21.5 | 8.8 | 7.6 | |
| 202 | 180 | 114 | 76 | |
| 26.2% | 26.1% | 9.9% | 26.8% | |
| 149 | 133 | 103 | 55.6 | |
| – | minus 10.8% | minus 22.7% | minus 45.9% | |
| 8.92 | 7.95 | 6.15 | 3.32 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 167 | 167 | 167 | 167 | |
| 1,385 | 1,532 | 1,595 | 1,606 | |
| 9.8 | 13.1 | 10.3 | 8 | |
| 295 | 304 | 285 | 329 | |
| 1,857 | 2,015 | 2,057 | 2,111 | |
| 895 | 884 | 958 | 1,083 | |
| 10.3 | 18.5 | 107 | 257 | |
| 42.1 | 119 | 123 | 108 | |
| 230 | 373 | 273 | 339 | |
| 680 | 621 | 596 | 324 | |
| 1,857 | 2,015 | 2,057 | 2,111 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 282 | 201 | 25.6 | 252 | |
| −217 | −77.4 | −37 | −212 | |
| −53.8 | −55.3 | −50.2 | −38.5 | |
| 11.4 | 68.3 | −61.6 | 1.9 | |
| −29.7 | −35.5 | −123 | −175 | |
| 252 | 165 | −97.6 | 77.3 | |
| −50 | −50.1 | −50.2 | −33.9 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 9.6% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.