NACL Industries Share Price & Earnings Call Analysis

₹115.42-0.84% today
Market cap
₹2,704 Cr
P/E
104.30
ROE
2.37%
PEG
-2.16
Price to sales
1.77
Debt to equity
0.46
52W high / low
₹243 / ₹111
Sales growth (5Y)
5.87%
EBITDA margin
6.98%
Net profit margin
0.83%
Promoter holding
53.68%
Sales (last year)
₹1,519 Cr

NACL is an established player and they deal in both technicals and formulations and they cater to the Indian market and to the international market as well. They have over 50 products covering all major crops. They have a strong logistic presence and the products are sold in more than 55,000 counters. NACL has become one of the reliable contract manufacturers for major MNCs. NACL exports products to over 30 countries and has forayed into International Brand business by registering brands in South-East Asia and Africa and are in the process of expanding reach in these regions.

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹194 Cr23.2
2Dharmaj Crop20–40%Up 0–2%₹862 Cr14.3
3M B Agro Prod.20–40%Flat₹8,127 Cr52.5
420–40%Flat₹7,066 Cr35.9
510–20%Up 2%+₹1,167 Cr17.4
610–20%Flat₹50,035 Cr26.8

Financials of NACL Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of NACL Industries

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +598.70375.91580.26365.40457.16325.01440.31267.77201.43448.36456.94318.21360.95
Expenses +531.34404.52549.70361.31446.30329.33399.53293.89275.29410.38412.21311.53347.68
Operating Profit67.36-28.6130.564.0910.86-4.3240.78-26.12-73.8637.9844.736.6813.27
OPM %11.25%-7.61%5.27%1.12%2.38%-1.33%9.26%-9.75%-36.67%8.47%9.79%2.10%3.68%
Other Income +4.082.861.481.523.902.743.571.8230.151.17-17.490.071.61
Interest16.7918.2519.5618.9818.9318.4717.2415.2913.9513.7813.0812.427.21
Depreciation8.556.516.806.937.007.076.817.138.047.457.717.948.86
Profit before tax46.10-50.515.68-20.30-11.17-27.1220.30-46.72-65.7017.926.45-13.61-1.19
Tax %27.27%-24.65%28.17%-21.67%-19.34%-23.30%26.60%-22.45%-23.90%27.23%60.47%-25.35%-27.73%
Net Profit +33.53-38.064.08-15.90-9.01-20.8014.90-36.23-50.0013.042.55-10.16-0.86
EPS in Rs1.45-1.650.18-0.69-0.39-0.900.64-1.56-2.140.560.11-0.43-0.04

Financials of NACL Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7466927358478651,0151,1911,6332,1161,7791,2351,584
Expenses +7016366797988529461,0781,4951,9221,7621,2971,482
Operating Profit44565649146911313819317-62103
OPM %6%8%8%6%2%7%10%8%9%1%-5%6%
Other Income +261841202781513101037-15
Interest353738333429282747766546
Depreciation252728202024252528272932
Profit before tax10113115-132475100128-76-11910
Tax %27%18%-4%25%-48%30%32%26%26%-23%-23%52%
Net Profit +8103312-717517395-59-925
EPS in Rs0.460.541.800.64-0.360.752.243.194.11-2.55-3.940.20
Dividend Payout %19%16%6%17%0%12%15%15%15%0%0%0%

Financials of NACL Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161719202020202023
Reserves162170213223267338399469554491407660
Borrowings +228232213237210268202531724789399312
Other Liabilities +260193209237248330355496616518437369
Total Liabilities6656116517137429559761,5161,9141,8181,2631,364
Fixed Assets +176167163158141191220238402439439470
CWIP126752142361167147437
Investments121399141516131415168
Other Assets +4664264735415667077041,1481,4271,318766879
Total Assets6656116517137429559761,5161,9141,8181,2631,364

Financials of NACL Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +404658243610383-124-2050469-104
Cash from Investing Activity +-18-12-6-14-27-9714-163-143-384-58
Cash from Financing Activity +-27-33-58-11-970-113290134-22-448108
Net Cash Flow-41-5-1077-162-28-925-55
Free Cash Flow24345211143367-262-16611438-134
CFO/OP96%85%110%66%286%152%82%-70%3%397%-755%-107%

Financials of NACL Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1089911012411312910311813315793106
Inventory Days138153189141134841001241129911596
Days Payable121891271271251371201121109312896
Cash Conversion Cycle125163172137122768312913516280105
Working Capital Days024423947750443816-2433
ROCE %11%12%10%11%4%10%17%15%15%-0%-8%8%
4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−42.6%9%
Last 6 months−27.3%11%
Last 3 months−34.8%2%

The price is 58.6% below its all-time high of ₹281.03 (1 Aug 2025). Stocks more than 20% below their peak have their score halved, so 8 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For NACL Industries: 0.4 × 9 + 0.4 × 11 + 0.2 × 2 = 8, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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