NOCIL Limited, incorporated on May 11, 1961, as 'National Organic Chemical Industries Limited' and later renamed NOCIL Limited on September 14, 2007, stands as India's largest manufacturer and supplier of rubber chemicals. It is a prominent part of the Arvind Mafatlal Group. The company is a key player in the specialty chemicals sector, serving essential industries with its wide range of products.
NOCIL Ltd is engaged in the manufacturing and selling of rubber chemicals, which are crucial components for the tyre and other rubber processing industries. The company's diverse product line includes accelerators, anti-degradants, antioxidants, pre-vulcanization inhibitors, and post-vulcanization stabilizers. NOCIL manufactures over 20 varieties of rubber chemicals, broadly classified under three grades: accelerators, anti-degradants/antioxidants, and specialty chemicals. These are marketed under well-known brands such as Pilfex, Pilnox, Pilcure, and Pilgard, finding extensive applications in industries including tyres, automotive, and various rubber goods.
The company operates state-of-the-art manufacturing facilities strategically located at Navi Mumbai (Maharashtra) and Dahej (Gujarat). Between 2017 and 2019, NOCIL successfully commissioned expansion plans at both its Navi Mumbai and Dahej units, supported by a capital expenditure of Rs. 170 crore. These expansions have enhanced its production capacity and operational efficiency.
NOCIL Limited's financial performance reflects its significant presence in the rubber chemicals market. As of June 2025, the company holds a market capitalization of ₹3,330 crores.
The latest quarterly results for Q4 FY25 show a revenue of ₹345.31 crores for the quarter ended March 2025. However, the net profit for the same quarter was ₹20.79 crores, marking a decline of 49.95% compared to ₹41.54 crores in the previous year's quarter.
For the full financial year FY25, the company's annual revenue saw a decline of 3.60% to ₹1,392.69 crores from ₹1,444.67 crores in FY24. Similarly, the annual net profit declined by 22.66% to ₹102.86 crores in FY25 from ₹133.00 crores in FY24.
Despite these recent financial headwinds, NOCIL maintains its leading position in the Indian rubber chemicals sector.
- Q4 FY25 Performance: Net Sales of ₹345.31 crores, Net Profit of ₹20.79 crores
- FY25 Annual Performance: Net Sales of ₹1,392.69 crores, Net Profit of ₹102.86 crores
- Market Capitalization: ₹3,330 crores (as of June 2025)
- Promoter Holding: 33.76% (as of March 2025)
- Dividend: The Board of Directors recommended a final dividend of ₹2 per equity share (20%) for FY25, subject to shareholder approval.
- Debt Position: The company has significantly reduced its debt and is in an almost debt-free state, strengthening its financial stability.
In a significant administrative milestone, NOCIL received the ISO 9001:2015 certification for investor servicing in June 2025, which is valid until May 2028. The company's 63rd Annual General Meeting is scheduled to take place on August 7, 2025.
NOCIL maintains its distinguished position as India's largest rubber chemicals manufacturer, supported by a comprehensive product portfolio that caters to critical industrial needs. However, the company has faced challenges, including a modest sales growth of 10.5% over the past five years and a low return on equity of 7.59% over the last three years. The stock's performance has also seen a decline, with a 52-week high of ₹336.10 and a low of ₹155.00. Over the past year, the stock has moved down by 35.72%, although it has shown a 12.44% uptick in the last three months.
NOCIL continues to navigate the competitive landscape of the global rubber chemicals industry, particularly contending with significant competition from Chinese manufacturers and the volatility of raw material prices. The company remains focused on enhancing operational efficiency and pursuing market expansion strategies to overcome these challenges.
