Nocil Q4 Review - Margin Expands Amid Price Hikes: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Nocil Ltd. reported a beat on our Ebitda estimate (at Rs 80/kilogram, up 121% QoQ), with an improvement in realisation to Rs 336/kg (up 19% QoQ). Raw material costs in Q4 FY22 were higher; however, higher-than-expected realisation drove the beat. Volumes declined 9% YoY, but were flat QoQ at 13.8 kilo metric tonne. The management’s focus will be on growing its volumes further, which it has been successfully doing. We expect volumes sold to report 20% compound annual growth rate over FY22-24, with the company achieving 70% YoY revenue growth in FY22. There is an ongoing anti-dumping duty investigation on three of Nocil’s products, even though the Center did not accept Director General of Trade Remedies’ recommendation for imposing anti-dumping duty on one of its key product PX-13 in Q3 FY22. These products could contribute significant revenue to the overall business..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nocil Q4 Review - Margin Expands Amid Price Hikes: Motilal Oswal

Nocil Q4 Review - Margin Expands Amid Price Hikes: Motilal Oswal

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