NOCIL Limited Earnings Summary — Q4 FY2026

• Net profit saw a significant sequential recovery of nearly 48% compared to Q3, though it remains lower than the previous year.
• Total Income for the quarter stood at ₹345.64 Crores, supported by a sharp rise in Other Income to ₹15.29 Crores.
• The Board recommended a final dividend of ₹1.50 per share (15% of face value) for FY2026.
• Operating margins remain under pressure globally due to intensive pricing competition from Chinese chemical manufacturers.
• NOCIL maintains a robust and virtually debt-free balance sheet with a total net worth exceeding ₹1,700 Crores.
• Annual performance for FY2026 shows a contraction in revenue to ₹1,302.97 Crores from ₹1,392.69 Crores in the prior year.
• Inventory costs saw a notable shift, with a ₹34.69 Crore addition to finished goods inventory during the quarter.
• Cost of materials consumed remained high relative to sales, reflecting persistent raw material cost headwinds.

Management remains focused on the 'China Plus One' strategy to gain market share, despite current cyclical downturns and pricing pressures in the rubber chemicals segment.

Improving

While YoY metrics are down, the strong QoQ recovery in profit and margin suggests the company may have passed the trough of the current cycle.

The outlook is cautious but stabilizing as global destocking eases, though margin recovery will depend on the intensity of Chinese competition and global tyre demand.