Is NOCIL a good buy for long term?
Investment Rationale The brokerage expects NOCIL’s PAT to grow at 21% CAGR over FY22-24E, led by 18% CAGR in EBITDA. Q3 EBITDA was 4% above estimate, owing to 5% higher revenue, offset by higher-than-expected raw material cost and opex. APAT was in line with our estimate.
Is NOCIL a debt free company?
Company is virtually debt free. Company has a healthy Interest coverage ratio of 109.52. The Company has been maintaining an effective average operating margins of 21.66% in the last 5 years. The company has an efficient Cash Conversion Cycle of.
Is NOCIL small cap?
Mumbai: NOCIL, which has doubled its capacity recently, is one of the top picks of analysts in the small-cap space as the company is well positioned to capitalise on significant growth opportunities as the world adopts the China-plus-one supply chain strategy.
What does NOCIL company do?
NOCIL Ltd is India’s largest manufacturer and supplier of rubber chemicals. The company is known for its productquality customer services and commitment to environmental care. The company is a part of Arvind Mafatlal Group of Industries a well-known Business House in India with diversified business interests.
Can I buy NOCIL?
The current market price of NOCIL is Rs 250.1. NOCIL, incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4180.17 crore) operating in Chemicals sector. NOCIL key Products/Revenue Segments include Other Operating Revenue, Duty Drawback and Scrap for the year ending 31-Mar-2021.
What is the business of NOCIL?
Is nocil A Reliance company?
After protracted negotiations over the last few years, the Reliance group yesterday finally announced that it was taking over the petrochemicals and plastics business of the Arvind Mafatlal group’s ailing flagship Nocil, thereby virtually wiping out competition in the petrochemicals business.
Is nocil a Tata company?
The company is a part of Arvind Mafatlal Group of Industries a well-known Business House in India with diversified business interests. The Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat).
What are the products of NOCIL?
NOCIL’s Product Range includes Accelerators, Antidegradants, Antioxidants, Sulfur Donor, Post Vulcanization Stabilizer and Pre Vulcanization Inhibitor. The company markets these products under the name PILFLex, PILnox, PILcure and PILGarD.
What is product of nocil?
Who is owner of nocil company?
Arvind Mafatlal Group of Companies
H.A Mafatlal is the Executive Chairman and a promoter director of NOCIL Ltd. He is the Chairman of Arvind Mafatlal Group of Companies (AMG).
What is NOCIL?
What is product of NOCIL?
Which product comes under petrochemical industry?
Petrochemical industry mainly comprise of synthetic fibre / yarn, polymers, Synthetic Rubber (elastomers), Synthetic detergent intermediates, performance plastics and plastic processing industry.