NOCIL Limited (NOCIL) AI Stock Analysis

• Market Cap: ₹30.21B
• Dividend Yield: 1.16%
• Average Volume (3M): 23.58K
• Price to Earnings (P/E): 47.9
• Beta (1Y): 1.23
• Revenue Growth: -8.20%
• EPS Growth: -55.26%
• Country: IN
• Employees: 716
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.70
• Shares Outstanding: 167,024,930
• 10 Day Avg. Volume: 31,668
• 30 Day Avg. Volume: 23,576
• PEG Ratio: -1.27
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 2.13
• P/FCF Ratio: -30.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹199.00 ▲(18.45% Upside)

NOCIL Limited's overall stock score is primarily influenced by its strong balance sheet and moderate technical indicators. However, challenges in financial performance, particularly in revenue and cash flow, and a high P/E ratio weigh down the score. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Strong Balance Sheet

A strong balance sheet with minimal debt provides NOCIL with financial stability and flexibility, enabling it to invest in growth opportunities and weather economic downturns.

Product Portfolio

A diverse product portfolio allows NOCIL to cater to a broad range of customer needs, supporting long-term revenue stability and competitive positioning in the specialty chemicals market.

Strategic Partnerships

Partnerships with global firms can drive innovation and market expansion, providing NOCIL with a competitive edge and potential for increased market share.

Negative Factors

Declining Revenue

A decline in revenue can impact profitability and limit resources available for reinvestment, threatening long-term growth and market competitiveness.

Negative Free Cash Flow

Negative free cash flow indicates challenges in generating cash from operations, potentially affecting liquidity and the ability to fund future growth initiatives.

Decreasing Profit Margins

Decreasing profit margins can reduce overall profitability and limit the company's ability to invest in new projects, affecting long-term financial health.

NOCIL Limited Business Overview & Revenue Model

Company Description

NOCIL Limited engages in the manufacture and sale of rubber chemicals for tire and other rubber processing industries in India. The company offers accelerators, anti-degradants, antioxidants, pre vulcanization inhibitors, and post vulcanization stabilizers, as well as solutions that improves thermal stability of cross links in rubber products. It also exports its products. NOCIL Limited was incorporated in 1961 and is headquartered in Mumbai, India.

How the Company Makes Money

NOCIL generates revenue primarily through the sale of its rubber chemicals to manufacturers in the tire and rubber industries. The company has established key revenue streams from its diverse product offerings, which include accelerators, antioxidants, and other specialty chemicals that improve the quality and longevity of rubber products. NOCIL benefits from long-term contracts with major tire manufacturers, providing a stable income source. Additionally, the company explores export opportunities to expand its market reach, contributing to its earnings. Strategic partnerships with global companies and investments in research and development also play a significant role in enhancing its product offerings and securing a competitive edge in the market.

NOCIL Limited Financial Statement Overview

Summary

NOCIL Limited's financial performance is challenged by declining revenue and profit margins, as well as negative free cash flow. However, the balance sheet remains strong with high equity and minimal debt, providing a solid foundation for future improvements.

Income Statement

NOCIL Limited has shown a volatile revenue trend over the years with a significant decrease in the latest year. The gross profit margin remains healthy at approximately 42.7% for 2025, but the net profit margin has decreased to 7.4% from 9.3% in 2024. EBITDA margin has also seen a decline. The company needs to address the drop in revenue and profitability margins to enhance its income statement performance.

Balance Sheet

The balance sheet of NOCIL Limited indicates strong equity with a high equity ratio of 85.7% in 2025. The debt-to-equity ratio is extremely low at 0.006, suggesting minimal leverage and a conservative capital structure. However, the return on equity has decreased to 5.8% in 2025 from 7.8% in 2024, indicating declining efficiency in generating profits from shareholders' equity.

Cash Flow

The cash flow position of NOCIL Limited shows a concerning trend with negative free cash flow in recent years. The operating cash flow to net income ratio is very low, suggesting challenges in converting profits into cash. The decline in free cash flow growth rate is a critical area that needs improvement to ensure better liquidity and financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.57B	13.93B	14.37B	16.17B	15.61B	9.13B
Gross Profit	5.46B	5.95B	5.88B	7.29B	7.02B	4.08B
EBITDA	1.51B	1.37B	2.34B	2.59B	2.89B	1.45B
Net Income	930.80M	1.03B	1.33B	1.49B	1.76B	884.10M
Balance Sheet
Total Assets	0.00	20.57B	20.15B	18.57B	18.30B	16.15B
Cash, Cash Equivalents and Short-Term Investments	2.73B	2.73B	3.73B	2.30B	297.80M	1.20B
Total Debt	0.00	103.00M	131.30M	97.90M	55.20M	56.10M
Total Liabilities	-17.62B	2.95B	3.17B	3.05B	3.85B	3.30B
Stockholders Equity	17.62B	17.62B	16.99B	15.52B	14.45B	12.85B
Cash Flow
Free Cash Flow	0.00	-969.90M	1.66B	2.52B	-664.40M	666.10M
Operating Cash Flow	0.00	255.60M	2.01B	2.82B	-302.20M	935.60M
Investing Cash Flow	0.00	-369.50M	-773.60M	-2.17B	311.60M	-621.00M
Financing Cash Flow	0.00	-502.10M	-553.00M	-537.70M	-336.00M	2.70M

NOCIL Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 168.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NOCIL, the sentiment is Negative. The current price of 168 is below the 20-day moving average (MA) of 175.39, below the 50-day MA of 179.09, and below the 200-day MA of 183.64, indicating a bearish trend. The MACD of -2.19 indicates Negative momentum. The RSI at 43.16 is Neutral, neither overbought nor oversold. The STOCH value of 48.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NOCIL.

NOCIL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCL	75 Outperform	₹33.22B	31.89	―	0.65%	-10.12%	-22.38%
ROSSARI	70 Outperform	₹32.92B	24.08	―	0.08%	15.47%	-1.72%
INDIANHUME	68 Neutral	₹18.91B	3.45	―	0.97%	0.25%	452.41%
NOCIL	64 Neutral	₹30.21B	47.90	―	1.16%	-8.20%	-55.26%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GUJALKALI	59 Neutral	₹41.42B	-120.51	―	2.99%	10.35%	―
TIRUMALCHM	41 Neutral	₹28.81B	―	―	0.42%	-11.11%	-340.74%