Special Feature on     

Published: Mar 31, 2023
Updated: Mar 31, 2023

National Organic Chemicals Ltd. (NOCIL)

Numero Uno in rubber chemicals

NOCIL (National Organic Chemicals Ltd.) is a part of the Arvind Mafatlal Group of Industries (AMG), a well-known business house in India with diversified business interests. NOCIL today is the largest rubber chemicals manufacturer in India, having commenced manufacturing operations in 1975. NOCIL’s involvement in the rubber chemicals business spans over 4 decades.

NOCIL has a state-of-the-art manufacturing facility at Navi Mumbai and Dahej, Gujarat to deliver quality products to customers. It is today acknowledged as a dependable supplier of rubber chemicals globally.

The company has a very strong belief in ‘Ethics of Excellence’, which is the Arvind Mafatlal group’s business philosophy. Its philosophy on corporate governance focuses on principles of full disclosure, fairness, equity, transparency and accountability in the various aspects of its functioning, leading to protection of the stakeholders’ interest and an enduring relationship with stakeholders.

TECH-DRIVEN

The company believes in growth through technological innovations, global accreditations and customer delight, coupled with a responsible approach towards health, safety and environment. Moreover, the management is committed to being a world-class, customerfocused, innovative organization in the field of rubber chemicals.

The company has been going from strength to strength on the financial front. During the last 12 years, its sales turnover has expanded from Rs 453 crore to Rs 1,571 crore with operating profit shooting up more than five times – from Rs 52 crore to Rs 288 crore and the profit at net level profit also jumping up five times – from Rs 34 crore to Rs 176 crore. During the last 10 years, the compounded sales growth works out at a 13 per cent CAGR and the profit growth during the last 10 years works out at a CAGR of 18 per cent.

NOCIL’s financial position is getting stronger by the day, with reserves at the end of March 2022 standing at Rs 1,363 crore – over 8 times its equity capital of Rs 167 crore. The company is almost a totally debt-free entity and its interest burden is nominal at around Rs 1 crore.