Volumes fare better but pricing pressure continues

Company
31 May 2024
5 Min read 
  • NOCIL's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  Sales volumes increased 1% YoY to 14tmt, but realization was down due to pricing pressure.
  •  Management expects growth in the export market and expansion in rubber chemicals.
  •  The company's financials and valuations indicate a premium trading and expansion plans.
  •  The financial story is depicted through charts, highlighting capacity, volume, and return ratios.
  •  The management concall highlights robust domestic demand and strategic initiatives.
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