Nocil Limited (NOCIL) · mywealthgrid

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About

Nocil Limited manufactures specialty chemicals within Materials sector with market cap ₹2,695.71 Cr. Company operates in specialty chemicals and petrochemicals, serving broader chemicals industry. Scale and positioning suggest mid-tier player in this sector.

Face value: ₹10

Market cap

₹2,820 Cr

P/E

42.6×

P/B

1.6×

Dividend yield

2.1%

ROE

3.1%

ROCE

4.4%

Debt / equity

OPM

7.7%

EPS (TTM)

₹4.0

Book value

₹106.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation stretched: PE of 40.76 sits high against thin operating margins of 7.73%, leaving minimal room for earnings disappointment.

Capital efficiency poor: ROE of 3.15% despite zero debt indicates weak returns on deployed capital.

Operating margins volatile: OPM ranged 6.13%–11.22% across last four quarters, signalling input-cost or competitive-pricing exposure.

Share price weakness: Despite consistent dividend history, stock returned -7.4% over 1y, signalling investor scepticism on earnings sustainability.

Generated analysis · source review pending

Growth drivers

Revenue recovery: Jun 2026 quarterly revenue ₹403.02 Cr represents ~25% growth from Sep 2025's ₹320.56 Cr.

Margin expansion: Latest quarter (Jun 2026) operating margin of 11.22% is highest in trailing 12 months; sustaining this level would improve per-share earnings.

Dividend consistency signals cash generation: Annual payouts since 2022 indicate underlying business cash flow; verify sustainability given 3.15% ROE.

Input-cost relief or pricing recovery may explain recent margin gain; verify which to assess sustainability.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹168.9-0.3%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 59.6×
+Dividend payout of 88.4% of profit

Cons

−Low return on equity of 5.8% (3-yr avg)
−Thin operating margin of 7.7%
−Profit declined 8.8% a year over the last 5 years
−Modest revenue growth of 7.1% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

44/100

Business quality: 42
Growth: 46

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
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

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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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	846	925	1,571	1,617	1,445	1,393	1,303
COGS	388	505	859	888	815	798	766
Gross profit	458	420	712	729	630	595	537
	280	289	426	476	435	457	436
	178	131	286	253	195	137	101
OPM %	21.1%	14.2%	18.2%	15.6%	13.5%	9.9%	7.7%
Depreciation	34	37	48	56	53	54	55
Interest	1	1	1	1	2	2	1
	9	15	4	6	39	32	31
Profit before tax	152	107	241	202	180	114	76
Tax	22	19	65	53	47	11	20
Tax %	14.2%	17.5%	26.8%	26.2%	26.1%	9.9%	26.8%
	131	88	176	149	133	103	56
PAT margin %	15.4%	9.6%	11.2%	9.2%	9.2%	7.4%	4.3%
EPS (₹)	7.9	5.3	10.6	9	8	6.2	3.3
EPS adjusted (₹)	7.9	5.3	10.6	9	8	6.2	3.3
	31.7%	37.5%	28.4%	33.5%	37.6%	32.4%	45%
Annual report	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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	161	164	164	165	166	166	167	167	167	167	167
Reserves	309	432	882	998	1,020	1,119	1,279	1,385	1,532	1,595	1,606
	16	5	—	—	—	0	0	0	0	0	0
	196	188	284	279	257	330	385	305	317	295	337
Total equity & liabilities	682	789	1,331	1,442	1,442	1,615	1,831	1,857	2,015	2,057	2,111
	—	—	527	657	797	917	909	887	869	855	830
CWIP	6	4	42	131	156	14	8	9	16	60	221
Investments	22	42	229	103	30	69	54	219	400	367	415
	653	742	533	551	459	614	859	742	730	776	645
Total assets	682	789	1,331	1,442	1,442	1,615	1,831	1,857	2,015	2,057	2,111

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.2%	45.4%	45.3%	45.1%	43.6%	42.7%	41.2%
EBITDA margin %	21.1%	14.2%	18.2%	15.6%	13.5%	9.9%	7.7%
EBIT margin %	17.1%	10.1%	15.1%	12.2%	9.8%	6%	3.5%
PAT margin %	15.4%	9.6%	11.2%	9.2%	9.2%	7.4%	4.3%
Working capital
Receivable days	88	122	104	78	86	81	81
Inventory days	128	120	141	117	100	129	75
Payable days	6	123	91	52	53	54	72
NWC days	210	119	154	143	133	156	84
Leverage
Current ratio	3.03	2.96	3.25	5.15	5.89	5.82	4.31
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	116.4	111.4	221.8	169.4	112.1	64.8	59.6
Asset turnover	0.59	0.57	0.86	0.87	0.72	0.68	0.62
Return ratios
Return on assets %	9.1%	5.5%	9.6%	8%	6.6%	5%	2.6%
Return on capital employed %	11.8%	8%	16.2%	12.5%	10.3%	6.2%	4.4%
Return on equity %	11%	6.9%	12.2%	9.6%	7.8%	5.8%	3.1%

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
	33.84%	33.84%	33.84%	33.84%	33.79%	33.78%	33.76%	33.76%	33.76%	33.76%	33.76%	33.76%
	6.36%	6.98%	7.78%	7.77%	7.91%	7.81%	8.15%	6.65%	5.15%	4.47%	4.55%	4.78%
	3.62%	2.85%	3.52%	4.45%	6.15%	5.93%	5.32%	5.19%	6.57%	6.49%	7.91%	7.47%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	56.18%	56.33%	54.86%	53.94%	52.15%	52.48%	52.77%	54.4%	54.52%	55.28%	53.78%	53.99%
No. of shareholders	—	—	—	—	—	—	—	—	1,64,817	1,62,167	1,65,835	1,61,342

Promoter holding down 0.08 percentage points since Sep 2023.

72 deals · 3 Mar 2022 – 22 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Jun 2026	SETU SECURITIES PVT LTD	Bulk	NSE	Sell	14,94,785	₹190.81	₹28.52 Cr
22 Jun 2026	SETU SECURITIES PVT LTD	Bulk	NSE	Buy	14,94,785	₹189.91	₹28.39 Cr
22 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	11,96,190	₹190.74	₹22.82 Cr
22 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	11,96,190	₹190.26	₹22.76 Cr
22 Jun 2026	VICTUS ENTERPRISE LLP	Bulk	NSE	Buy	10,68,822	₹188.78	₹20.18 Cr
22 Jun 2026	VICTUS ENTERPRISE LLP	Bulk	NSE	Sell	68,822	₹190.59	₹1.31 Cr
25 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	11,00,594	₹163.77	₹18.02 Cr
25 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	10,99,470	₹163.72	₹18.00 Cr
25 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	10,05,962	₹163.66	₹16.46 Cr
25 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	10,05,962	₹163.58	₹16.46 Cr

1–10 of 72

1 / 8

Mr. Hrishikesh Arvind MafatlalExecutive Director-Chairperson
Mr. Debnarayan BhattacharyaNon-Executive - Independent Director
P SrinivasanChief Fianncial Officer
Mr. Priyavrata MafatlalNon-Executive - Non Independent Director
Mr. Anand V.S.Executive Director-MD
Ms. Radhika HaribhaktiNon-Executive - Independent Director
Mr. Sujal Anil ShahNon-Executive - Independent Director
Mr. Ramesh Ganesh IyerNon-Executive - Independent Director
Mr. Sanjiv LalNon-Executive - Independent Director
Mr. Sabyaschi PatnaikNon-Executive - Independent Director
Mr. Amit K. VyasAssistant Vice President (Legal), Company Secretary and Compliance Officer

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F&O

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Fund holders

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

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

2.37%

of the company's equity

All mutual funds

6.69%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 2 fund houses

		Shares
Multi Cap FundNEW	ICICI Prudential Mutual Fund	16.43 L	28.16	0.14%	0.984%	—
Small Cap FundNEW	ICICI Prudential Mutual Fund	10 L	17.15	0.17%	0.599%	—
Commodities Fund	ICICI Prudential Mutual Fund	8.35 L	14.32	0.33%	0.5%	-0
Retirement Fund - Pure Equity Plan	ICICI Prudential Mutual Fund	4.84 L	8.3	0.38%	0.29%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	322	0.01	0.01%	0%	-0

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Documents

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

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

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

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Events

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

20

Final dividend24 Jul 2026 · ex-date₹1.5
Final dividend30 Jul 2025 · ex-date₹2
Final dividend26 Jul 2024 · ex-date₹3
Final dividend24 Jul 2023 · ex-date₹3
Final dividend20 Jul 2022 · ex-date₹3
Final dividend26 Jul 2021 · ex-date₹2
Interim dividend18 Mar 2020 · ex-date₹2.5
Dividend dividend22 Jul 2019 · ex-date₹2.5
Dividend dividend17 Jul 2018 · ex-date₹2.5
Dividend dividend19 Jul 2017 · ex-date₹1.8
Dividend dividend19 Jul 2016 · ex-date₹1.2
Dividend dividend9 Jul 2015 · ex-date₹1
Dividend dividend19 Jun 2014 · ex-date₹0.6
Dividend dividend18 Jul 2013 · ex-date₹0.6
Dividend dividend19 Jul 2012 · ex-date₹0.6
Dividend dividend14 Jul 2011 · ex-date₹0.6
Dividend dividend15 Jul 2010 · ex-date₹0.6
Dividend dividend16 Jul 2009 · ex-date₹0.6
Dividend dividend10 Jul 2008 · ex-date₹0.5
Dividend dividend9 Aug 2007 · ex-date₹0.5

1

Board meeting to consider results3 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

46 announcementsExport CSV

21 Sept 2026, 5:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

9 Sept 2026, 12:48 pmCompany Update

Clarification On Spurt In Volume

General PDF

9 Sept 2026, 11:36 amCompany Update

Clarification sought from NOCIL Ltd

Clarification

1 Sept 2026, 6:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

25 Aug 2026, 4:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Aug 2026, 4:42 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

3 Aug 2026, 7:48 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

3 Aug 2026, 7:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

Date	Category	Subject	Filing
21 Sept 2026, 5:47 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
9 Sept 2026, 12:48 pm	Company Update General	Clarification On Spurt In Volume

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	54.2%	45.4%	45.3%	45.1%	43.6%	42.7%	41.2%
EBITDA margin %	21.1%	14.2%	18.2%	15.6%	13.5%	9.9%	7.7%
EBIT margin %	17.1%	10.1%	15.1%	12.2%	9.8%	6%	3.5%
PAT margin %	15.4%	9.6%	11.2%	9.2%	9.2%	7.4%	4.3%
Working capital
Receivable days	88	122	104	78	86	81	81
Inventory days	128	120	141	117	100	129	75
Payable days	6	123	91	52	53	54	72
NWC days	210	119	154	143	133	156	84
Leverage
Current ratio	3.03	2.96	3.25	5.15	5.89	5.82	4.31
Debt to EBITDA	—	0	0	0	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	116.4	111.4	221.8	169.4	112.1	64.8	59.6
Asset turnover	0.59	0.57	0.86	0.87	0.72	0.68	0.62
Return ratios
Return on assets %	9.1%	5.5%	9.6%	8%	6.6%	5%	2.6%
Return on capital employed %	11.8%	8%	16.2%	12.5%	10.3%	6.2%	4.4%
Return on equity %	11%	6.9%	12.2%	9.6%	7.8%	5.8%	3.1%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	170	142	102	164	179	94	-30	282	201	26	252
	-12	-10	-142	-101	-106	-62	31	-217	-77	-37	-212
	-151	-31	-43	-50	-101	0	-34	-54	-55	-50	-38
Net cash flow	7	102	-82	13	-28	32	-33	11	68	-62	2
Free cash flow	—	—	55	-73	-0	67	-64	253	166	-97	78
CFO / Operating profit %	—	—	—	—	100.7%	71.5%	-10.6%	111.6%	103%	18.6%	250.2%

Nocil 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

Investor Presentation and earnings call

Events

20

1

Announcements

20

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Nocil 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

Investor Presentation and earnings call

Events

Dividends20

Board meetings1

Announcements

Dividends20

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1

20

1