Nacl Industries Limited (NACLIND)

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Nacl Industries Limited (NACLIND) · mywealthgrid

About

Nacl Industries manufactures pesticides and agrochemicals for agricultural inputs. Market cap ₹3,900 Cr makes it small-cap within Materials sector. Recent quarters show recovery—Jun 2026 marked ₹23.57 Cr profit and 10.94% OPM—but results remain volatile, with losses in Dec 2025 and Mar 2026.

Face value: ₹1

Market cap

₹3,054 Cr

P/E

246.9×

P/B

4.5×

Dividend yield

ROE

0.8%

ROCE

11.8%

Debt / equity

0.44

OPM

6.5%

EPS (TTM)

₹0.5

Book value

₹29.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability swings sharply: OPM ranged 2.1%–10.94% last four quarters; Dec 2025 and Mar 2026 posted losses. Underlying operational volatility, not one-time event, unclear.

PE 315.31 prices steep recovery. Current valuation assumes losses reverse, but marginal ROE of 0.82% suggests capital is not deploying efficiently even in profitable quarters. Verify whether Jun 2026 margin recovery is sustainable or seasonal.

D/E 0.44 is moderate, but debt servicing risk rises if margins compress again. Low profitability gives little buffer.

Institutional interest negligible (FII 0.09%, DII 1.32%) and stock fell 46.22% YoY despite hitting ₹298.45. Verify what triggered the crash and whether trend reverses.

Generated analysis · source review pending

Growth drivers

Jun 2026 returned ₹23.57 Cr net profit and 10.94% OPM after consecutive quarterly losses; recovery hinges on whether ops stabilize and margins hold at higher levels.

Sep 2025 and Jun 2026 revenues (₹446–456 Cr and ₹382–383 Cr respectively) show capacity to scale production. Verify whether demand is growing or volatility is just seasonal.

Thin margins (6.49% average OPM) mean even modest volume gains or fixed-cost absorption could expand profit significantly if revenue grows without regression into loss quarters.

Generated analysis · source review pending

2,340 historical price candles were omitted because the exchange source has not been verified.

₹130.4-1.5%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -9.9% (3-yr avg)
−Thin operating margin of 6.5%
−Profit declined 38.3% a year over the last 5 years
−Modest revenue growth of 5.9% a year over the last 5 years
−Weak interest coverage of 1.6×
−Expensive at 246.9× trailing earnings
−Promoter holding fell 9.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

22/100

Business quality: 22
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Upl LimitedUPLUPL	₹43,628 Cr	₹65,674 Cr	₹52,804 Cr	₹9,326 Cr	17.9%	₹2,020 Cr	4.3%	11.2%	6%	135
Sumitomo Chemical India LimitedSUMICHEMSUMICHEM	₹20,842 Cr	₹20,844 Cr	₹3,245 Cr	₹685 Cr	20.7%	₹579 Cr	16.8%	23.1%	17.3%	155
Bayer Cropscience LimitedBAYERCROPBAYERCROP	₹15,958 Cr	—	₹5,472 Cr	₹688 Cr	15.4%	₹568 Cr	12.1%	28.4%	23.7%	300
Sharda Cropchem LimitedSHARDACROPSHARDACROP	₹6,397 Cr	₹6,397 Cr	₹5,357 Cr	₹1,047 Cr	20.4%	₹626 Cr	12.9%	28%	24.2%	125
Dhanuka Agritech LimitedDHANUKADHANUKA	₹4,217 Cr	₹4,259 Cr	₹2,035 Cr	₹417 Cr	20.5%	₹297 Cr	14.6%	28.9%	22.3%	160
Rallis India LimitedRALLISRALLIS	₹3,884 Cr	₹3,942 Cr	₹2,604 Cr	₹274 Cr	10.5%	₹164 Cr	6.3%	13.2%	10%	104
Bhagiradha Chemicals & Industries LimitedBHAGCHEMBHAGCHEM	₹3,063 Cr	₹3,294 Cr	₹607 Cr	₹79 Cr	10.7%	₹28 Cr	3.4%	4.8%	2.6%	148
Nacl Industries LimitedNACLINDNACLIND	₹3,054 Cr	₹3,355 Cr	₹1,519 Cr	₹106 Cr	6.5%	₹12 Cr	0.3%	11.8%	0.8%	105
Gsp Crop Science LimitedGSPCROPGSPCROP	₹2,113 Cr	₹2,373 Cr	₹1,517 Cr	₹185 Cr	12.2%	₹-3 Cr	6.2%	20.7%	-0.4%	121
Bharat Rasayan LimitedBHARATRASBHARATRAS	₹1,658 Cr	₹1,659 Cr	₹1,203 Cr	₹177 Cr	16%	₹140 Cr	11.7%	17.5%	12.1%	219
Insecticides (India) LimitedINSECTICIDINSECTICID	₹1,655 Cr	₹1,799 Cr	₹2,060 Cr	₹210 Cr	10.6%	₹125 Cr	6.5%	17.1%	12.1%	168
Astec Lifesciences LimitedASTECASTEC	₹1,580 Cr	₹2,029 Cr	₹441 Cr	₹6 Cr	-1%	₹-67 Cr	-18.1%	-9.3%	-25.9%	263

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	692	1,015	1,191	1,640	2,116	1,779	1,235	1,584
COGS	438	713	835	1,212	1,597	1,384	912	1,077
Gross profit	254	302	356	428	518	394	322	508
	198	232	243	290	324	376	385	405
	56	70	113	138	194	18	-63	103
OPM %	8.1%	6.9%	9.5%	8.4%	9.2%	1%	-5.1%	6.5%
Depreciation	27	24	25	25	28	27	29	32
Interest	37	29	28	27	47	76	65	46
	19	8	15	11	10	9	37	-15
Profit before tax	11	24	75	97	128	-76	-119	10
Tax	2	7	24	26	34	-17	-27	5
Tax %	17.6%	30%	31.7%	27.2%	26.1%	-22.8%	-22.7%	52.3%
	9	17	51	71	95	-59	-92	5
PAT margin %	1.3%	1.7%	4.3%	4.3%	4.5%	-3.3%	-7.5%	0.3%
EPS (₹)	0.6	1	2.6	3.7	4.8	-3	4.6	0.2
EPS adjusted (₹)	0.6	0.9	2.6	3.6	4.8	-3	-4.6	0.2
	16.1%	10%	9.5%	18.9%	14.6%	—	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	19	20	20	20	20	20	23
Reserves	170	208	—	399	469	554	491	407	660
	180	168	—	184	496	721	789	396	301
	245	271	—	373	526	620	519	440	380
Total equity & liabilities	611	662	—	976	1,510	1,915	1,818	1,263	1,364
	167	142	185	187	205	402	439	439	459
CWIP	2	3	—	28	105	55	28	22	7
Investments	13	14	—	16	13	14	15	16	8
	430	503	—	744	1,188	1,444	1,336	787	890
Total assets	611	662	—	976	1,510	1,915	1,818	1,263	1,364

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.7%	29.7%	29.9%	26.1%	24.5%	22.2%	26.1%	32%
EBITDA margin %	8.1%	6.8%	9.5%	8.6%	9.1%	1%	-5.1%	6.5%
EBIT margin %	4.2%	4.4%	7.3%	7.1%	7.8%	-0.6%	-7.4%	4.5%
PAT margin %	1.3%	1.7%	4.3%	4.3%	4.5%	-3.3%	-7.5%	0.3%
Working capital
Receivable days	99	—	103	118	133	157	93	106
Inventory days	153	—	100	124	112	92	106	96
Payable days	—	—	120	117	111	87	119	96
NWC days	—	—	83	124	135	162	81	105
Leverage
Current ratio	1.17	—	1.53	1.38	1.27	1.13	0.97	1.27
Debt to EBITDA	3.22	—	1.63	3.52	3.74	46.34	—	2.93
Debt to equity	0.97	—	0.44	1.01	1.26	1.54	0.93	0.44
Interest coverage	1.3	1.8	3.7	4.9	3.7	-0	-1.3	1.6
Asset turnover	1.13	—	1.22	1.09	1.1	0.98	0.98	1.16
Return ratios
Return on assets %	1.4%	—	5.2%	4.7%	5%	-3.2%	-7.3%	0.3%
Return on capital employed %	18.7%	—	19.5%	21.2%	23.3%	-0.2%	-13.8%	11.8%
Return on equity %	4.8%	—	12.2%	14.5%	16.5%	-11.5%	-21.6%	0.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.83%	63.79%	63.72%	63.65%	63.65%	63.65%	63.08%	63.08%	53.09%	53.74%	53.7%	53.69%
	1.03%	0.5%	0.28%	0.31%	0.18%	0.17%	0.12%	0.03%	0.17%	0.02%	0.05%	0.09%
	0.96%	0.96%	0.96%	0.89%	0%	0%	0%	1.74%	1.32%	1.42%	1.46%	1.32%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.18%	34.75%	35.04%	35.15%	36.17%	36.18%	36.8%	35.15%	45.42%	44.82%	44.79%	44.9%
No. of shareholders	—	—	—	—	—	—	—	—	44,710	47,839	47,596	48,817

Promoter holding down 10.14 percentage points since Sep 2023.

2 deals · 2 Apr 2025 – 4 Apr 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Apr 2025	DHANUKA MRIDUL	Bulk	NSE	Sell	10,76,208	₹135.21	₹14.55 Cr
2 Apr 2025	TRIVENI TRUST	Bulk	NSE	Sell	10,00,000	₹123.14	₹12.31 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ARUN ALAGAPPANNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. RAGHURAM DEVARAKONDAExecutive Director-CEO-MD
Mr. SANKARASUBRAMANIANNon-Executive - Non Independent Director
Mr. SUBRAMANIAN SURESHNon-Executive - Independent Director
Mr. BALAKRISHNA RAGHAVENDRA RAONon-Executive - Independent Director
Ms. LAKSHMI KANTAM MANNEPALLINon-Executive - Independent Director
Mr. SANJIV LALNon-Executive - Independent Director
Mr. N ShankarChief Financial Officer
Mr. Rajesh MukhijaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	257	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

27

Final dividend8 Sept 2023 · ex-date₹0.25
Interim dividend10 Feb 2023 · ex-date₹0.15
Interim dividend1 Nov 2022 · ex-date₹0.3
Final dividend15 Sept 2022 · ex-date₹0.15
Interim dividend10 Feb 2022 · ex-date₹0.15
Interim dividend11 Nov 2021 · ex-date₹0.15
Final dividend16 Sept 2021 · ex-date₹0.15
Interim dividend12 Aug 2021 · ex-date₹0.1
Interim dividend6 Apr 2021 · ex-date₹0.15
Interim dividend12 Nov 2020 · ex-date₹0.1
Interim dividend31 Mar 2020 · ex-date₹0.1
Final dividend2 Aug 2018 · ex-date₹0.13
Final dividend27 Jul 2017 · ex-date₹0.13
Final dividend8 Sept 2016 · ex-date₹0.1
Final dividend16 Sept 2015 · ex-date₹0.1
Final dividend17 Sept 2012 · ex-date₹1.5
Interim dividend9 Nov 2010 · ex-date₹1.5
Final dividend21 Jul 2010 · ex-date₹3
Interim dividend10 Nov 2009 · ex-date₹2
Dividend dividend22 Jul 2009 · ex-date₹3
Interim dividend31 Oct 2008 · ex-date₹1
Interim dividend28 Aug 2008 · ex-date₹1
Dividend dividend18 Jul 2008 · ex-date₹1.5
Interim dividend5 Feb 2008 · ex-date₹1
Dividend dividend1 Nov 2007 · ex-date₹1
Interim dividend24 Aug 2007 · ex-date₹1
Final dividend18 Jul 2007 · ex-date₹2

1

Board meeting to consider results22 Jul 2026

1

Face value ₹10 → ₹122 Nov 2012 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

38 announcementsExport CSV

28 Sept 2026, 12:53 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Aug 2026, 3:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Aug 2026, 1:22 pmCompany Update

NACL Industries Limited Has Informed The Exchanges About Update On Sale Of Stake In Associate Company.

General PDF

27 Jul 2026, 4:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

23 Jul 2026, 7:05 pmAGM/EGM

NACL

AGM PDF

23 Jul 2026, 4:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

22 Jul 2026, 6:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

22 Jul 2026, 2:05 pmCompany Update

NACL Industries Ltd - 524709 - NACL Industries Limited Has Informed The Exchange About Sale Of Stake In Associate Company

General PDF

Date	Category	Subject	Filing
28 Sept 2026, 12:53 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Aug 2026, 3:37 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.7%	29.7%	29.9%	26.1%	24.5%	22.2%	26.1%	32%
EBITDA margin %	8.1%	6.8%	9.5%	8.6%	9.1%	1%	-5.1%	6.5%
EBIT margin %	4.2%	4.4%	7.3%	7.1%	7.8%	-0.6%	-7.4%	4.5%
PAT margin %	1.3%	1.7%	4.3%	4.3%	4.5%	-3.3%	-7.5%	0.3%
Working capital
Receivable days	99	—	103	118	133	157	93	106
Inventory days	153	—	100	124	112	92	106	96
Payable days	—	—	120	117	111	87	119	96
NWC days	—	—	83	124	135	162	81	105
Leverage
Current ratio	1.17	—	1.53	1.38	1.27	1.13	0.97	1.27
Debt to EBITDA	3.22	—	1.63	3.52	3.74	46.34	—	2.93
Debt to equity	0.97	—	0.44	1.01	1.26	1.54	0.93	0.44
Interest coverage	1.3	1.8	3.7	4.9	3.7	-0	-1.3	1.6
Asset turnover	1.13	—	1.22	1.09	1.1	0.98	0.98	1.16
Return ratios
Return on assets %	1.4%	—	5.2%	4.7%	5%	-3.2%	-7.3%	0.3%
Return on capital employed %	18.7%	—	19.5%	21.2%	23.3%	-0.2%	-13.8%	11.8%
Return on equity %	4.8%	—	12.2%	14.5%	16.5%	-11.5%	-21.6%	0.7%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	58	24	36	103	83	-124	-20	50	469	-104
	-12	-6	-14	-27	-97	14	-163	-142	-38	4	-58
	-33	-58	-11	-9	70	-113	290	135	-22	-448	108
Net cash flow	—	-5	-1	0	77	-16	2	-28	-9	25	-55
Free cash flow	59	—	—	—	—	67	-262	-166	11	436	-134
CFO / Operating profit %	81.8%	—	—	—	150.2%	74%	-88.2%	-10.6%	296.1%	—	-101.3%

Nacl Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

27

1

1

Announcements

Not in the F&O segment

27

1

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Nacl Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends27

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Dividends27

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

27

1

1

27

1

1