The target of NOCIL is Rs. 283 (December 2022).
NOCIL Ltd, a leading Indian manufacturer of rubber chemicals, produces a number of products, including antioxidants, accelerators, and pre-dispersed chemicals used in the production of rubber products like belts, tyres, and hoses.
The global rubber chemicals market is expected to grow, driven by increasing demand for tyres and other products made from rubber in several end-use industries comprising construction, automotive, and industrial.
To evaluate the future of NOCIL Ltd, factors that could potentially affect the rubber chemicals industry and the position of the company within it must be considered. Some of the key factors influencing the future of NOCIL Ltd include:
Nonetheless, the company has given a 3-year ROI of +167.36% as of 24 April 2023.
The stability of NOCIL Ltd stocks depends largely on factors that relate to the rubber chemicals industry and other general factors. These factors may potentially include the following:
Any company, including NOCIL Ltd, could handle its risk through a comprehensive framework of risk management which includes the following:
NOCIL has a net sales of Rs. 1571.31 crores, the highest from 2019, and a net profit of Rs. 176.11 crores as of March 2022.
Having said that, deciding whether a company is effective for long-term investment depends on different factors which include market conditions, the performance of the company, the company’s fundamentals, the industry in which the company operates and certain other macroeconomic factors.