NACL Industries Ltd (IN:NACLIND)
:NACLIND
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NACL Industries Ltd
(NACLIND)
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Rating:51Neutral
Price Target:
₹178.00
▲(5.86% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by weak and volatile cash generation (negative operating and free cash flow in 2026) and an extremely high P/E valuation, despite an improving earnings trajectory and a less leveraged balance sheet. Technicals are moderately supportive in the intermediate term, but the price remains below the 200-day moving average, limiting the technical contribution.
Positive Factors
Diversified business model
NACL earns revenue from its own crop-protection portfolio plus contract manufacturing for other agrochemical firms. This dual model provides durable revenue diversification, helps smooth factory utilization, and creates long-term client relationships that can stabilize volumes across seasons and cycles.
Negative Factors
Weak cash generation
Sharp negative operating and free cash flows in the latest year create lasting financing risk: the company may need external funding or to draw on liquidity to support operations. Persistent poor cash conversion undermines the sustainability of investments and raises refinancing or working-capital vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
NACL earns revenue from its own crop-protection portfolio plus contract manufacturing for other agrochemical firms. This dual model provides durable revenue diversification, helps smooth factory utilization, and creates long-term client relationships that can stabilize volumes across seasons and cycles.
Read all positive factors
NACL Industries Ltd (NACLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.83B
Dividend YieldN/A
Average Volume (3M)36.66K
Price to Earnings (P/E)596.8
Beta (1Y)1.02
Revenue Growth28.35%
EPS GrowthN/A
CountryIN
Employees1,399
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-3.55
Shares Outstanding234,243,330
10 Day Avg. Volume33,893
30 Day Avg. Volume36,664
Financial Highlights & Ratios
PEG Ratio-5.71
Price to Book (P/B)3.99
Price to Sales (P/S)1.72
P/FCF Ratio-15.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NACL Industries Ltd Business Overview & Revenue Model
Company Description
NACL Industries Limited manufactures and sells agrochemicals in India. The company offers a range of technical products, including myclobutanil, propiconazole, profenofos, tricyclazole, and pretilachlors; and formulations, such as insecticides, fu...
How the Company Makes Money
NACL Industries makes money primarily by selling agrochemical crop-protection products and by providing manufacturing services to other agrochemical players. A key revenue stream is the sale of its own crop protection portfolio (including pesticid...
NACL Industries Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.74B | 15.84B | 12.35B | 17.79B | 21.16B | 16.40B |
| Gross Profit | 3.02B | 3.15B | 1.45B | 1.35B | 5.18B | 3.93B |
| EBITDA | -18.90M | 1.03B | -255.70M | 115.80M | 2.03B | 1.54B |
| Net Income | -706.40M | 45.70M | -921.30M | -588.90M | 948.70M | 734.20M |
Balance Sheet | ||||||
| Total Assets | 14.87B | 13.64B | 12.63B | 18.18B | 19.15B | 15.10B |
| Cash, Cash Equivalents and Short-Term Investments | 302.20M | 346.10M | 573.10M | 323.20M | 414.80M | 1.03B |
| Total Debt | 5.02B | 3.12B | 3.99B | 7.89B | 7.24B | 5.30B |
| Total Liabilities | 10.43B | 6.81B | 8.36B | 13.07B | 13.41B | 10.22B |
| Stockholders Equity | 4.44B | 6.83B | 4.27B | 5.11B | 5.74B | 4.88B |
Cash Flow | ||||||
| Free Cash Flow | -1.02B | -1.79B | 3.72B | 113.90M | -1.66B | -2.62B |
| Operating Cash Flow | -894.10M | -1.49B | 4.06B | 504.00M | -203.60M | -1.24B |
| Investing Cash Flow | -141.40M | -593.60M | 10.40M | -376.60M | -1.42B | -1.63B |
| Financing Cash Flow | 726.40M | 1.54B | -3.82B | -218.30M | 1.34B | 2.90B |
NACL Industries Ltd Technical Analysis
Positive
168.15
Price Trends
150.91
Positive
152.40
Positive
179.44
Negative
Market Momentum
2.23
Positive
51.83
Neutral
24.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NACLIND, the sentiment is Positive. The current price of 168.15 is above the 20-day moving average (MA) of 164.42, above the 50-day MA of 150.91, and below the 200-day MA of 179.44, indicating a neutral trend. The MACD of 2.23 indicates Positive momentum. The RSI at 51.83 is Neutral, neither overbought nor oversold. The STOCH value of 24.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NACLIND.
NACL Industries Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹52.49B | 14.10 | ― | 0.17% | -0.75% | -2.74% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹194.13B | 53.52 | ― | 1.57% | 7.73% | 28.75% | |
60 Neutral | ₹535.84B | 25.45 | ― | 0.77% | 11.15% | 127.12% | |
56 Neutral | ₹19.16B | 21.94 | ― | 0.43% | 33.50% | 77.45% | |
55 Neutral | ₹440.49B | 31.23 | ― | 0.49% | -15.85% | -20.44% | |
51 Neutral | ₹37.83B | 596.76 | ― | ― | 28.35% | ― |
* Basic Materials Sector Average
IN:NACLIND
NACL Industries Ltd
163.60
-15.18
-8.49%
IN:BAYERCROP
Bayer Cropscience India Limited
4,326.25
-602.59
-12.23%
IN:DHANUKA
Dhanuka Agritech Limited
1,162.55
-509.02
-30.45%
IN:IPL
India Pesticides Ltd.
164.30
-7.54
-4.39%
IN:PIIND
PI Industries Limited
2,736.30
-895.10
-24.65%
IN:UPL
UPL Limited
627.85
0.99
0.16%
NACL Industries Ltd Corporate Events
NACL Industries Allots 65,000 Shares Under ESOS 2020, Marginally Raises Equity Capital
May 4, 2026
NACL Industries has allotted 65,000 equity shares under its 2020 Employee Stock Option Scheme following the exercise of vested options by employees. The new shares, issued at a face value of ₹1 and an exercise price of ₹75.23, rank par...
NACL Industries Opens Special Window for Physical Share Transfer Requests
Apr 19, 2026
NACL Industries Ltd has notified stock exchanges that it has published newspaper advertisements in Financial Express and Andhra Prabha. The notices relate to the opening of a special window for re-lodgement of transfer requests for physical shares...
Exchange Seeks Clarification From NACL Industries on Sharp Share Price Move
Apr 9, 2026
The stock of NACL Industries Ltd has shown significant price movement, prompting the exchange to seek updated, relevant information from the company to safeguard investor interests. The regulator has formally written to NACL Industries and is curr...
NACL Industries Allots 1.65 Lakh Shares Under ESOS 2020, Expands Equity Base
Mar 25, 2026
NACL Industries has allotted 165,000 equity shares under its NACL Employee Stock Option Scheme 2020, following approval by the Nomination and Remuneration Committee on March 25, 2026. The new shares, which rank pari passu with existing equity, inc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.