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NOCIL Ltd

Q2 FY26Chemicals & Petrochemicals

NOCIL Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹166
Market cap₹2.8K Cr
P/E39.8
Updated16 Oct 2026
Read4 min read

The short version

Domestic volumes expected to show consistent growth, with medium to long-term market share slightly increasing in coming quarters. NOCIL expects volume growth to turn positive by the end of FY '26, supported by domestic market demand and initiatives like GST rate cuts. - Export volumes are anticipated to be choppy in the short term due to U.S.

From NOCIL Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Domestic volumes expected to show consistent growth, with medium to long-term market share slightly increasing in coming quarters.
  • Export volumes anticipated to remain choppy in near term but maintain a positive growth trajectory over the medium term.
  • U.S. export market impacted by tariffs, seen as a temporary speed breaker; company engaging in alternative markets to sustain volume growth.
  • Capacity expansion at Dahej plant progressing; trial production expected in H1 CY 2026 to support future volume increase.
  • Anti-dumping duties, if imposed, likely to help improve volumes by limiting low-cost imports from China.

2 more points from NOCIL Ltd's call on revenue

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Profitability & Margins

See what NOCIL Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • NOCIL Limited is undertaking a Rs.250 crore brownfield expansion at Dahej.
  • Approximately 75% to 80% of the capex work for Dahej expansion is already completed.
  • Trial production for the Dahej expansion is targeted to start during H1 calendar year 2026 (January to June).
  • Active commercial sales of new specialty products (soft launch underway) are expected to start before the end of FY 2026, with potential capacity increases based on customer approvals.
  • The company is also focusing on operational efficiency improvements such as steam consumption reduction, electricity and hydrogen consumption optimization, and small debottlenecking opportunities.

2 more points from NOCIL Ltd's call on capex

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Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

Guidance-ranked
1Shiv Texchem
Rev 1Mar 2
2Yasho Industries Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what NOCIL Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The company has committed a significant portion of orders for its Dahej brownfield expansion project.
  • Approximately 75% to 80% of the work related to this expansion has already been completed.
  • Trial production for the Dahej expansion is targeted to commence during H1 calendar year 2026 (January to June 2026), likely around the middle of this period.

NOCIL Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹427 Cr, net profit ₹24 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What NOCIL Ltd's management said in earlier quarters

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Frequently Asked Questions

What were NOCIL Ltd Q2 FY26 results?

Domestic volumes expected to show consistent growth, with medium to long-term market share slightly increasing in coming quarters. NOCIL expects volume growth to turn positive by the end of FY '26, supported by domestic market demand and initiatives like GST rate cuts. - Export volumes are anticipated to be choppy in the short term due to U.S.

What is NOCIL Ltd share price analysis?

NOCIL Ltd currently shows a neutral. The stock trades at a P/E of 39.8 with a market cap of ₹2,767 Cr. Investors should review the full earnings analysis for detailed insights.

Is NOCIL Ltd planning capital expenditure?

NOCIL Limited is undertaking a Rs.250 crore brownfield expansion at Dahej.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.