NOCIL Limited (NOCIL) AI Stock Analysis

• Market Cap: ₹30.37B
• Dividend Yield: 1.11%
• Average Volume (3M): 15.95K
• Price to Earnings (P/E): 32.6
• Beta (1Y): 1.31
• Revenue Growth: -4.47%
• EPS Growth: -26.12%
• Country: IN
• Employees: 716
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Chemicals - Specialty
• EPS (TTM): 1.00
• Shares Outstanding: 167,024,930
• 10 Day Avg. Volume: 12,412
• 30 Day Avg. Volume: 15,948
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹193.00
• Price Target Upside: 6.16% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹197.00 ▲(8.36% Upside)

NOCIL Limited's overall stock score reflects a company with a strong balance sheet but facing challenges in revenue growth and cash flow generation. The technical analysis suggests neutral momentum, while the high P/E ratio indicates potential overvaluation. The absence of recent earnings call data and corporate events limits additional insights.

NOCIL Limited Business Overview & Revenue Model

Company Description

NOCIL Limited (NOCIL) is a prominent Indian company operating in the chemical industry, primarily engaged in the manufacturing and marketing of rubber chemicals. Established in 1961, NOCIL is a part of the Arvind Mafatlal Group of Industries, and it stands as a leading supplier of rubber chemicals in India and internationally. The company's core product offerings include various categories of rubber chemicals, such as accelerators, antioxidants, and pre-vulcanization inhibitors, which are essential for enhancing the properties and extending the life of rubber products. NOCIL serves a wide array of sectors, including automotive, industrial rubber products, and consumer goods, thereby playing a crucial role in the rubber and tire manufacturing supply chain.

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 shows challenges with declining revenue and profitability margins. While the balance sheet is strong with minimal debt and high equity, cash flow issues with negative free cash flow highlight liquidity concerns.

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 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	13.93B	13.93B	14.37B	15.61B	16.17B	8.38B
Gross Profit	5.19B	5.95B	5.88B	7.02B	7.29B	4.50B
EBITDA	1.62B	1.37B	2.34B	2.89B	2.59B	1.86B
Net Income	1.03B	1.03B	1.33B	1.76B	1.49B	1.31B
Balance Sheet
Total Assets	20.57B	20.57B	20.15B	18.30B	18.57B	14.42B
Cash, Cash Equivalents and Short-Term Investments	2.77B	2.77B	3.73B	297.80M	2.39B	397.60M
Total Debt	103.00M	103.00M	131.30M	55.20M	97.90M	91.70M
Total Liabilities	2.95B	2.95B	3.17B	3.85B	3.05B	2.57B
Stockholders Equity	17.62B	17.62B	16.99B	14.45B	15.52B	11.85B
Cash Flow
Free Cash Flow	0.00	-969.90M	1.65B	-664.40M	2.52B	-4.60M
Operating Cash Flow	0.00	255.60M	2.01B	-302.20M	2.82B	1.79B
Investing Cash Flow	0.00	-369.50M	-895.90M	311.60M	-2.17B	-1.06B
Financing Cash Flow	0.00	-502.10M	-553.00M	-336.00M	-537.70M	-1.01B

NOCIL Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 181.80
• 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 181.8 is above the 20-day moving average (MA) of 178.85, below the 50-day MA of 184.56, and below the 200-day MA of 202.85, indicating a neutral trend. The MACD of -0.24 indicates Negative momentum. The RSI at 49.68 is Neutral, neither overbought nor oversold. The STOCH value of 74.15 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	72 Outperform	₹26.96B	25.88		0.34%	-8.66%	-17.79%
ROSSARI	69 Neutral	₹34.62B	25.62		0.08%	11.77%	-1.14%
INDIANHUME	68 Neutral	₹20.18B	3.68		1.04%	2.05%	447.29%
NOCIL	64 Neutral	₹30.37B	32.61		1.11%	-4.47%	-26.12%
Sector *	61 Neutral	$10.41B	7.18	-0.06%	2.87%	2.87%	-36.73%
GUJALKALI	59 Neutral	₹43.62B	―		2.34%	8.51%	84.67%
TIRUMALCHM	49 Neutral	₹31.32B	―		0.33%	-8.05%	-150.62%