Time period given by analyst is one year when price can reach defined target.
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 3754.89 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 324.33 Crore, up 17.40 % from last quarter Total Income of Rs 276.26 Crore and up 50.31 % from last year same quarter Total Income of Rs 215.78 Crore. Company reported net profit after tax of Rs 37.33 Crore in latest quarter.
Investment Rationale
The stock is trading at 17x FY23E P/E and 11x FY23E EV/EBITDA, with an asset turnover of ~0.7x in FY21 (set to increase to 1x over FY23–24E; this is similar to FY18 levels, when the company had achieved optimum utilization of its capacity). The brokerage values the stock at 22x FY23E P/E to arrive at TP of INR275. It initiates coverage with a Buy rating.
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