NOCIL Limited (NOCIL) AI Stock Analysis

• Market Cap: ₹30.06B
• Dividend Yield: 1.11%
• Average Volume (3M): 17.01K
• Price to Earnings (P/E): 32.3
• Beta (1Y): 1.24
• Revenue Growth: -4.47%
• EPS Growth: -26.12%
• Country: IN
• Employees: 716
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 1.00
• Shares Outstanding: 167,024,930
• 10 Day Avg. Volume: 16,697
• 30 Day Avg. Volume: 17,006
• 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: ₹194.00
• Price Target Upside: 7.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹194.00 ▲(7.78% Upside)

NOCIL Limited's overall stock score reflects a company with a strong balance sheet but facing challenges in financial performance and valuation. The technical analysis suggests a neutral to slightly bearish outlook, and the high P/E ratio raises valuation concerns. The absence of earnings call data and corporate events limits additional insights.

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 Limited generates revenue primarily through the sale of its rubber chemical products. The company's revenue model is based on manufacturing and distributing a diverse range of rubber chemicals that are crucial in the production of tires and other rubber goods. These chemicals are sold domestically within India and exported to international markets, providing a significant source of income. NOCIL's earnings are driven by its strong relationships with key clients in the automotive and industrial sectors, where demand for high-performance rubber products is consistent. Additionally, the company's strategic partnerships with global tire manufacturers and its focus on innovation and sustainability contribute to its revenue streams. Factors such as fluctuations in raw material prices, regulatory changes, and global economic conditions can impact NOCIL's revenue, but its established market presence and continuous product development efforts help maintain its financial stability.

NOCIL Limited Financial Statement Overview

Summary

NOCIL Limited's financial performance is mixed, with a strong balance sheet characterized by minimal leverage and high equity, but challenges in revenue growth and cash flow generation. The income statement shows declining revenue and profit margins, while the cash flow statement highlights liquidity issues with negative free cash flow.

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: Neutral
• Last Price: 180.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Neutral. The current price of 180 is below the 20-day moving average (MA) of 181.11, below the 50-day MA of 180.41, and below the 200-day MA of 194.66, indicating a bearish trend. The MACD of -1.52 indicates Positive momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 35.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NOCIL.

NOCIL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCL	68 Neutral	₹28.67B	27.52	―	0.64%	-8.66%	-17.79%
INDIANHUME	68 Neutral	₹19.71B	3.59	―	1.07%	2.05%	447.29%
ROSSARI	67 Neutral	₹35.61B	26.35	―	0.08%	11.77%	-1.14%
NOCIL	63 Neutral	₹30.06B	32.29	―	1.11%	-4.47%	-26.12%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GUJALKALI	55 Neutral	₹41.28B	―	―	2.81%	8.51%	84.67%
TIRUMALCHM	47 Neutral	₹29.12B	―	―	0.35%	-8.05%	-150.62%