Wednesday, November 3, 2021

Buy Nocil - Accelerating Momentum





About Nocil

NOCIL is India’s largest rubber chemical manufacturer with a broad customer base across 40 countries. As a manufacturer and supplier of global repute in the rubber chemical segment, company thrived on the wealth of experience and knowledge garnered over decades in the industry. 

Being a part of the eminent Arvind Mafatlal Group, persistently driven towards excellence in processes maintaining uncompromised quality, services and competitive pricing of our products. Today, it is one of the non-Chinese rubber chemical manufacturers with presence across the entire portfolio of rubber chemicals with happy customers all over the world.

Capacity Expansion

In 2017-18, we had strategically commenced a Capex plan. It was to be implemented over a three-year period, with investments being undertaken in a phased manner to expand the production capacities of Navi Mumbai and Dahej facilities. With the immense dedication of our inhouse technological support and team, we could complete the implementation 100%. The entire Capex was accrued and utilized by the end of 2020-21, completely funded through internal accruals.  Company is a Zero Debt company,

Stock Performance last 1 year



Performance for last 6 months has been good with a 34%.  The scrip has corrected in the last one month by 12%.  The year high of the scrip is 321 while 52 week low stands at 132.  

The scrip at current levels offers a good opportunity to buy and hold for a period of 12-15 months for a target price of Rs.350

For more exciting buy opportunities get in touch with us.

Raghav
Equity Researcher

Smart Investor
303 Motherland Building
3rd Main Kamanahalli
BENGALURU - 560084

Twitter - @smartinvestor











No comments:

Post a Comment