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NOCIL Ltd.

BSE: 500730 Sector: Industrials
NSE: NOCIL ISIN Code: INE163A01018
BSE 00:00 | 15 Jun 204.90 0.20
(0.10%)
OPEN

203.50

HIGH

208.90

LOW

201.95

NSE 00:00 | 15 Jun 205.25 1.25
(0.61%)
OPEN

206.00

HIGH

209.00

LOW

201.80

OPEN 203.50
PREVIOUS CLOSE 204.70
VOLUME 158489
52-Week high 219.45
52-Week low 82.20
P/E 39.40
Mkt Cap.(Rs cr) 3,409
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 203.50
CLOSE 204.70
VOLUME 158489
52-Week high 219.45
52-Week low 82.20
P/E 39.40
Mkt Cap.(Rs cr) 3,409
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

NOCIL Ltd. (NOCIL) - Company History

NOCIL Ltd is India's largest manufacturer and supplier of rubber chemicals. The company is known for its productquality customer services and commitment to environmental care. The company is a part of Arvind Mafatlal Group of Industries a well-known Business House in India with diversified business interests. The Company has manufacturing facilities at Navi Mumbai (Maharashtra) and at Dahej (Gujarat). The company is engaged in the manufacturing and sale of rubber chemicals. They are having their manufacturing facilities in the TTC industrial area Thane and ancillary manufacturing facilities in the GIDC industrial area Vapi. They offer a range of rubber chemicals such as PILFLex which is a rubber anti-degradant PILnox which is a rubber antioxidant PILcure which is a rubber accelerator and PILGarD which is a rubber pre-vulcanization inhibitor. Their subsidiaries include Ensen Holdings Ltd Urvija Investments Ltd and PIL Chemicals Pvt Ltd.NOCIL Ltd was incorporated in the year May 11th 1961 as National Organic Chemical Industries Ltd. In the year 1968 the company commenced their production of petrochemicals at NOCIL in technical collaboration with the Royal Dutch Shell Group. Polyolefins Industries Ltd was incorporated in the year 1964 which produced polymers in technical collaboration with Farbwerke Hoechst AG West Germany. In the year 1981 MINDIA Chemicals Ltd which produced rubber chemicals merged with Polyolefins Industries Ltd. In 1993 Polyolefins Industries Ltd merged with company for synergy of operations. Also the company became an Indian company under Arvind Mafatlal Group upon withdrawal of Shell from the company and Hoechst from Polyolefins Industries Ltd. Rubber Chemicals Business operates as NOCIL-RCDIn the year 1995 NOCIL-RCD consolidated their position as an important supplier of rubber chemicals in the global market. In the year 2002 the company decided to close down their Petrochemicals Division due to uneconomical and unviable operations on account of their sub-optimal capacity. During the year 2005-06 as per the scheme of arrangement the net current assets of the Plastic Products Division have been transferred to RELPOL Plastics Products Ltd (formerly known as NOCIL Petrochemicals Ltd a business associate of Reliance Industries Ltd) with effect from July 20 2005.During the year 2006-07 the company acquired the entire shareholding of PIL Chemicals Pvt Ltd (formerly known as Sushripada Plastics Pvt Ltd) for Rs 19.50 crore. Thus PIL Chemicals Pvt Ltd became a wholly owned subsidiary of the company. PIL Chemicals has a factory in Vapi (Gujarat) which manufactures some of the products required by the company. Also the company acquired 60 acre plot of land at Dahej near Bharuch in the designated chemical zone of Gujarat Industrial Development Corporation to take care of their future expansion plans.During the year 2007-08 the name of the company was changed from National Organic Chemical Industries Ltd to NOCIL Ltd with effect from September 14 2007. The company's new project at Dahej in Gujarat is progressing well.During 2011 the company has got assignment of Registered Trademark 'MONOCIL'. In 2013 the company commenced production at its new Greenfield Plant at Dahej.Pursuant to the order of the Hon'ble Bombay High Court regarding the merger of Ensen Holdings Limited and Urvija Investments Limited the erstwhile subsidiaries of the Company (the merged entities) with another subsidiary company viz. PIL Chemicals Private Limited (PIL) the Statutory Reserve created under Section 45 IC of Reserve Bank Of India (Amendment) Act 1997 by the respective merged entities were taken over by PIL.During the year 2017 the company had approved a capital expenditure (capex) of Rs. 170 crore in March 2017. In terms of the said plan capex which was to be incurred at Navi Mumbai got commissioned by the end of June 2018 and Dahej expansion plans got commissioned by end of January 2019.During the year 2019-20 the board of directors at their meeting held on 30 January 2020 based on the recommendations of the Audit Committee approved the draft Scheme of Amalgamation of Suremi Trading Private Limited (`Suremi') and Sushripada Investments Private Limited (`Sushripada') being promoter group companies with the Company. The Board has approved a proposed Scheme of Amalgamation of Suremi Trading Private Limited (Suremi) and Sushripada Investments Private Limited (Sushripada) with NOCIL Limited and their respective shareholders under Sections 230-232 and other applicable provisions of the Companies Act 2013 subject to obtaining various statutory approvals. Pursuant to the Scheme becoming effective the shareholders of Suremi and Sushripada will be alloted 21272165 (including 499995 acquired during quarter ended June 30 2020) and 8960880 equity shares of the face value of %. 10 each fully paid-up in NOCIL Limited in lieu of 21272165 and 8960880 equity shares in NOCIL Limited currently held by Suremi and Sushripada respectively. There will be no change in the shareholding of the Promoter Group and Public Shareholders of NOCIL Limited.During the FY2020the company continued pursuing expansion of capacities and through the spend / allocation of Rs 450 Crore-Capex cycle spread over three years.The Company's operations were shut down from the last week of March 2020 following the nationwide lockdown imposed by the Government of India in view of the COVID-19 pandemic. The Company's plants have since resumed operations in line with the various directives of the Government in a phased manner.