Buy NOCIL, target price Rs 315: HDFC Securities

HDFC Securities has buy call on NOCIL with a target price of Rs 315. The current market price of NOCIL Ltd. is Rs 250.15. Time period given by analyst is 3 months when NOCIL Ltd. price can reach defined target.

NOCIL Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 4178.51 Crore) operating in Chemicals sector.

NOCIL Ltd. key Products/Revenue Segments include Other Operating Revenue, Duty Drawback and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 463.95 Crore, up 19.14 % from last quarter Total Income of Rs 389.40 Crore and up 43.05 % from last year same quarter Total Income of Rs 324.33 Crore. Company reported net profit after tax of Rs 68.92 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 33.85 per cent stake in the company as of 31-Mar-2022, while FIIs owned 2.54 per cent, DIIs 4.27 per cent.