Time period given by analyst is one year when NOCIL price can reach defined target.
NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4720.86 Crore) operating in Chemicals sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 345.61 Crore, up 6.56 % from last quarter Total Income of Rs 324.33 Crore and up 194.76 % from last year same quarter Total Income of Rs 117.25 Crore. Company reported net profit after tax of Rs 47.41 Crore in latest quarter.
Investment Rationale
The stock is trading at 19.5x FY23E P/E and 13x FY23E EV/EBITDA, with an asset turnover of ~0.7x (which is set to increase to 1.1x over FY23–24E). The brokerage expects return ratios to recover to 16–17% over FY23–24E (up from 7% in FY21).
Promoter/FII Holdings
Promoters held 33.9 per cent stake in the company as of June 30, 2021, while FIIs held 2.2 per cent, DIIs 4.4 per cent and public and others 59.6 per cent.
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