Nocil Share Price Target 2022, 2023, 2024, 2025, and 2030

  • Reading time:9 mins read
  • Post author:
  • Post last modified:27/06/2022

Nocil’s involvement in rubber chemicals spans over 4 decades. Nocil is one of the largest players in this business to offer a wide range of rubber chemicals to suit the customer’s needs. Due to Nocil’s rich experience and offering a one-stop shop to customers, Nocil is today acknowledged as a dependable supplier of rubber chemicals. Globally Nocil is recognized for its technical capabilities and Nocil enjoys an edge over players in this business.

Nocil today is the largest rubber chemicals manufacturer in India with the state of the art technology for the manufacture of rubber chemicals.

Nocil Share Price Target 2022 by Motilal Oswal: Target Price Rs.320

Motilal Oswal has a buy call on Nocil with a target price of Rs.320. The time period given by the brokerage when Nocil can reach the given target is one year.

Motilal Oswal Report on Nocil Share Price Target 2022

The prices of Aniline, a key raw material for NOCIL, have shot up by 20% MoM in Nov’21 (up 44% QoQ and 149% YoY) due to a supply crunch and other reasons mentioned below. This could result in a normalization of margin for NOCIL (recorded a peak margin of INR55/kg in the no Anti-Dumping Duty environment in 1QFY22).

Motilal Oswal maintains a buy rating on Nocil, given:

  • The management is confident on achieveing the optimal utilization rate to expanded capicity by 1HFY24.
  • Relatively available at cheap valuation after the recent correction.

Global Aniline Market Share by end-use

Nocil share price target 2022

Global Aniline Market Share by Application

Nocil share price target 2022

Nocil Share Price Target 2022 by Way2Wealth: Target Price Rs.330

Way2wealth has a buy call on Nocil with a target price of Rs 330. The time period given by the brokerage when Nocil can reach the given target is one year.

Way2wealth Report on Nocil Share Price Target 2022

The company reported topline growth of 69% YoY and 9% QoQ. EBITDA stood at Rs 503 million up 61% YoY while EBITDA margins contracted by 67bps YoY and 799bps QoQ due to an increase in freight costs and power costs. PAT fell by 36.7% QoQ to Rs 300 million due to weak operational performance.

Exports during the quarter came in at Rs 1400 million, up 16% QoQ with a contribution of 37% to the top-line. The capacity utilization for the quarter was 70%. While the near-term outlook on profitability remains challenging owing to inflationary headwinds, the company’s focus will be on maximizing.

The company reported volume growth of 5% Q-o-Q off-take during the quarter, but extended lockdowns resulted in lower operating rates.

NOCIL would continue to focus on increasing volumes in the market, which it has done successfully thus far. The company aims to increase volumes sold by 10% Y-o-Y and revenue growth to 45% Y-o-Y, at minimum, in FY22.

Increased raw material prices, freight costs, and other utility costs affected margins in Q2FY22. The recent disruption in China due to a power shortage has led to high raw material prices hence, the company has de-risked itself with regard to sourcing raw materials from China. Rubber consumption is on an uptrend on an annualized basis and would grow ~9% in CY21 (v/s de-growth of ~7% in CY20).

Demand from the Tyre industry remains robust, and companies have announced significant Capex in light of upcoming demand.

Domestic market share has improved. NOCIL’s presence in the export market is strengthening – on the back of R&D and brand-building activities.

No additional capacities have come up globally in the Rubber Chemicals space over the last 18 months – barring some capacities announced by China Sunshine (global leader) that are due to come on stream in the coming quarters.

Management stated they are focusing on improving market share led by the increase in volumes from capacity expansion going ahead.

Nocil Share Price Target 2022 by Yes Securities: Target Price Rs.310

Yes Securities has a buy call on Nocil with a target price of Rs.310. The time period given by the brokerage when Nocil can reach the given target is one year.

Nocil has given a return of 4.3% in the last 6 months, 62.8% in the last year, 11.1% in the last 3 years, and 27.2% in the last 5 years.

Currently, Nocil is available at an attractive valuation due to correction in the market. One can add Nocil for long-term investment.

Shareholding pattern

The public is holding 59.56%, promoters are holding 333.88%, FIIs are holding 2.12% and DIIs are holding 4.43%.

Nocil Share Price Target 2022 by HDFC Securities: Target Price Rs.370

HDFC Securities has a buy call on Nocil with a target price of Rs.370. The time period given by the brokerage when Nocil can reach the given target price is one year.

For the quarter ended 30-06-2021, the company has reported a consolidated total income of Rs 345,61 Cr, up 6.56% from the last quarter’s total income of Rs 324 Cr and up 194.76% from last year same quarter total income of Rs 117 Cr. The company reported a net profit after tax of Rs 47.41 Cr in the latest quarter.

Frequently Asked Questions

Is Nocil a good stock?

Yes, Nocil is a good stock in terms of fundamentals and financials. The management of the Nocil is also very good. Currently, Nocil is available at an attractive valuation due to the recent corrections, one can add nocil for the long-term investment.

Is Nocil debt free?

Nocil is a debt-free company. The debt of the company is 0 as a result the debt to equity of nocil is also 0.