2. SECTOR ANALYSIS-NOCIL PVT.LTD
• NOCIL‘s involvement in the Rubber chemicals business spans over 4 decades.
We are one of the few players in this business to offer wide range of rubber
chemicals to suit the customer needs. Due to our rich experience and offering a
one stop shop to customers, NOCIL is today acknowledged as a dependable
supplier of rubber chemicals. Globally we are recognized for our technical
capabilities and on this aspect alone, NOCIL enjoys an edge over other players
in this business..
SUB SECTOR OF THE INDUSTRY
• Potential for high domestic demand as per capita consumption increases
• Small scale of operation
• High degree of fragmentation
• Limited emphasis on export due to focus on domestic market
• Cost competitive R&D facilities when compared globally. Thanks to the
government incentives.
3. NOCIL IN INDIA
Rubber Chemicals are specialty organic chemicals and the manufacturing process involves complex
chemical reactions and associated unit operations. National and International tire industry being the
main consumer of these products; quality, product consistency and product form are the essential
features of these products. Being performance chemicals, approval from customer involves actual
performance trial of their finished product and hence NOCIL's continuously updated manufacturing
technology ensures performance of products in application areas
4. STAKE HOLDING PATTERN OF THE
COMPANY
Holder's Name No of Shares % Share Holding
Promoters 60479399 36.85%
General Public 74897453 45.63%
Others 14450318 8.8%
ForeignInstitutions 8974932 5.47%
NBanksMutualFunds 3688320 2.25%
FinancialInstitutions 1651703 1.01%
CentralGovt. 780 0%
6. MAIN BUSINESS OF THE COMPANY
• NOCIL commenced Rubber Chemicals production in the year 1975. Situated in a designated
‘Chemicals Zone’ about 40 km away from Mumbai City.
• NOCIL today is the Largest Rubber Chemicals Manufacturer in India with the State of the Art
Technology for the manufacture of PILFLEX Antidegradants, PILNOX Antioxidants, PILCURE
Accelerators, Post Vulcanization Stabilizer and PILGARD Pre Vulcanization Inhibitor.
10. I) LEVERAGE RATIOS
• DEBT-EQUITY RATIO
2013-
2014
2014-
2015
2015-
2016
2016-
2017
0.40 0.36 0.06 0.03
Debt Equity Ratio = Total Debt / Total Equity
Analysis: ratio is decreasing so it is good
for the company. : The debt-to-equity ratio (D/E)
is a financial ratio indicating the relative proportion
of shareholders' equity and debt used to finance a
company's assets. Closely related to leveraging, the
ratio is also known as risk, gearing or leverage.
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
2013-2014 2014-2015 2015-2016 2016-2017
Series 1
Series 1
11. • Long Term Debt to Shareholders Net Worth Ratio
2013-2014 2014-2015 2015-2016 2016-2017
0.40 0.35 0.05 0.02
= Long Term Debt / Shareholder Net Worth
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
2013-2014 2014-2015 2015-2016 2016-2017
Series 1
Series 1
12. • Debt to Total Assets Ratio
Analysis: The long term debt to total assets
ratio is a measurement representing the
percentage of a corporation's assets financed
with loans or other financial obligations lasting
more than one year.
= Debt / Total Assets
2013-2014 2014-2015 2015-2016 2016-2017
0.26 0.24 0.04 0.02
0
0.05
0.1
0.15
0.2
0.25
0.3
2013-2014 2014-2015 2015-2016 2016-2017
Series 1
Series 1
13. • Fixed Assets to Long Term Fund Ratio
=Fixed Assets / Long Term Fund
2014 2015 2016 2017
0.430 0.435 0.502 0.568
0
0.1
0.2
0.3
0.4
0.5
0.6
2014 2015 2016 2017
Fixed Assets to Long Term Fund Ratio
Fixed Assets to Long Term Fund Ratio
Linear (Fixed Assets to Long Term Fund Ratio)
Expon. (Fixed Assets to Long Term Fund Ratio)
14. II) Coverage Ratios
• Interest Coverage Ratio
2014 2015 2016 2017
103.28 118.82 8.2 8.31
Interest Coverage Ratio= = EBIT/INTEREST EXPENSES
Analysis: The interest coverage ratio is
used to determine how easily a company
can pay their interest expenses on
outstanding debt.
103.28
118.82
8.2 8.31
0
20
40
60
80
100
120
140
2014 2015 2016 2017
Chart Title
15. • Debt Service Coverage Ratio
2014 2015 2016 2017
109.03 92.65 11.8 12.29
= PAT+Interest+Non Cash Item/Interest expenses
Analysis: The Debt-Service Coverage
Ratio (DSCR) is a measure of the cash
flow available to pay
current debt obligations.
109.03
92.65
11.8 12.29
0
20
40
60
80
100
120
2014 2015 2016 2017
Chart Title
16. • Dividend Coverage
Analysis: Dividend coverage, is
the ratio of company's earnings (net
income) over the dividend paid to
shareholders.
= PAT/Total Dividend
2014 2015 2016 2017
2.12 2.62 4.87 1.74
2.12
2.62
4.87
1.74
0
1
2
3
4
5
6
2014 2015 2016 2017
Dividend cover
