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mittar_b's review
Investment Sector: Emerging Markets Submitted by Mittar_b 
, Project Manager
at Softprodigy
2 months ago Add Tag |
Incorporated in 1961, NOCIL Limited part of Arvind Mafatlal Group is basically engaged in manufacturing and marketing of rubber chemicals in India and in overseas markets. It was formerly known as National Organic Chemical Industries Ltd and changed its name to NOCIL Ltd in November 2007. Products developed by its petrochemicals division are utilized by the numerous pharmaceutical companies and units manufacturing paints and lacquers while rubber chemical division supplies its products to various tyre and tube industries. Manufacturing facilities of the company are installed at Thane (Maharashtra) which is fully automated through Programmable Logic Controllers. Products developed by the company are marketed not only in India but also in the markets of Japan, Southeast Asia, Australia, North and Latin America, Europe, and South Africa.
It’s headquarter is situated in Mumbai (India).Company has been accredited with certifications like ISO-9002 by BVQI. Currently Mr. C.R. Gupte is working as Managing director of the company.
Products Developed by the company includes :
- Antidegradants
- Antioxidants
- Accelerators
- Sulfur donors
- Post vulcanization stabilizers
- Prevulcanization inhibitors
Company plans to increase its turnover to Rs 1,000 crore at the end of year 2012 and double its market share from 4% to 8% by this time motivated by its rubber chemicals plant at Dahej, which is scheduled for completion by 2011.This project will be completed in two phases, Company will invest Rs 175 crore in phase I, which would be completed by the end of 2009. Another Rs 125 crore would be invested during phase II, scheduled for completion by 2011.
Company posted a phenomenal rise in its standalone net profit for the first quarter ended June 2008. During the quarter, net profit of the company witnessed a tremendous hike of 473.40 % to Rs 11.64 crore as against Rs 2.03 crore during the corresponding quarter last year i.e quarter ended June,2007.The company reported an earnings of Rs 0.72 per share during the June, 2008 quarter. Net sales of the company for the quarter ended June,2008 surged by 73.92% to Rs 128.39 crore as against Rs 73.82 crore for the quarter ended June,2007 while its total income during this time period jumped 63.27% to Rs 131.04 crore when compared with Rs 80.26 crore last year. However, Expenditure of the company during April-June, 2008 increases to Rs 111.50 crore from Rs 75.17 crore last year. 
Company posted annual sales of Rs 359 crore in Financial year 2007-08, up from Rs 304 crore in last fiscal i.e 2006-07. The board of directors of NOCIL Limited, in a meeting has recommended a dividend of 5% for the year ended March 31, 2008.
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