NOCIL: How much is the global slowdown a worry?

The company is on track to prove itself as a reliable regional supplier of rubber chemicals

Anubhav Sahu
September 28, 2022 / 03:41 PM IST
NOCIL: How much is the global slowdown a worry?

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PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Recent quarterly performances may not extrapolate  Muted demand outlook, particularly in Europe Supply curtailment may partially offset the impact NOCIL working towards de-bottlenecking for medium-term demand On track to emerge as regional reliable supplier of rubber chemicals The stock price of Nocil (CMP: Rs 249, Market Cap: Rs 4,145 crore) has not mirrored the company’s business performance in recent times. While Nocil reported a sequential volume growth of 12 percent in Q1FY23, largely on account of an improvement in both domestic OEM...