Pick of the Week: NOCIL Limited
NOCIL Limited, part of the Arvind Mafatlal Group, is the largest rubber chemicals company in India. The company has manufacturing units in Navi...
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NOCIL: Utilization Ramp-Up to Drive Earnings; Strong Demand Outlook
We marginally revise our FY22/23 estimates and introduce FY24E. Maintain a BUY with a revised TP of Rs 315/share (previously Rs. 235/share) valuing...
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NOCIL: On FY23E EPS, the stock trades at 14.7x PE, a discount to its 5 year average (22x PE)
On FY23E EPS, the stock trades at 14.7x PE, a discount to its 5 year average (22x PE). We thus raise our target PE multiple to 17x (15x earlier)...
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