Company Valuation: NOCIL Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 41,460 34,437 41,678 29,231 25,657 28,202 - -
Change - -16.94% 21.03% -29.86% -12.23% 9.92% - -
Enterprise Value (EV) 41,300 34,437 41,678 29,231 25,657 28,202 28,202 28,202
Change - -16.62% 21.03% -29.86% -12.23% 9.92% 0% 0%
P/E 23.6x 23.2x 31.5x 28.5x - 31.3x 23.1x 16.1x
PBR 2.87x - 2.45x - 1.45x 1.54x 1.49x 1.42x
PEG - -1.5x -2.9x -1.3x - - 0.6x 0.4x
Capitalization / Revenue 2.64x 2.13x 2.88x 2.1x 1.97x 1.86x 1.61x 1.34x
EV / Revenue 0x 0x 0x 0x 0x 1.86x 1.61x 1.34x
EV / EBITDA 0x 0x 0x 0x 0x 19.2x 14.3x 11x
EV / EBIT 0x - 0x 0x 0x 32.2x 23.1x 16.2x
EV / FCF -0x 0x 0x -0x 0x -172x 133x 50.8x
FCF Yield -1.53% 7.33% 3.99% -3.32% 3.06% -0.58% 0.75% 1.97%
Dividend per Share 2 - 3 3 2 1.5 1.75 2.233 2.5
Rate of return - 1.45% 1.2% 1.14% 0.98% 1.04% 1.32% 1.48%
EPS 2 10.55 8.92 7.95 6.15 - 5.4 7.325 10.5
Distribution rate - 33.6% 37.7% 32.5% - 32.4% 30.5% 23.8%
Net sales 1 15,713 16,166 14,447 13,927 13,030 15,183 17,567 20,997
EBITDA 1 2,862 2,527 1,950 1,374 1,008 1,472 1,977 2,552
EBIT 1 2,378 - 1,422 838.3 459.2 876 1,220 1,746
Net income 1 1,761 1,492 1,330 1,029 556.3 901.8 1,227 1,754
Net Debt -159.9 - - - - - - -
Reference price 2 248.90 206.65 250.10 175.01 153.61 168.85 168.85 168.85
Nbr of stocks (in thousands) 166,574 166,643 166,646 167,025 167,025 167,025 - -
Announcement Date 5/17/22 5/29/23 5/29/24 5/15/25 5/7/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.66x6.59x16.86x1.37% 216B
26.91x4.19x13.48x2.17% 119B
28.72x3.51x17.98x1% 77.41B
18.62x5.99x29.79x3.69% 63.03B
80.67x6.09x14.17x2.64% 60.87B
61.73x1.27x8.42x6.44% 36.61B
10.99x1.17x6.34x3.02% 32.13B
9.04x3.03x7.11x4.67% 24.33B
43.77x5.61x29.84x1.3% 23.98B
Average 34.35x 4.16x 16.00x 2.92% 72.67B
Weighted average by Cap. 33.03x 4.95x 16.49x 2.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield