NACLIND

NACL Industries Limited

Crop-protection and agrochemicals company producing formulations and intermediates

Commodities›Chemicals›Fertilizers & Agrochemicals›Pesticides & Agrochemicals

naclind.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹129.27
Market cap
3,027 Cr
Stock P/E
244.7
P/B
4.43
Dividend yield
0.2%
ROE (FY26)
0.7%
ROCE (FY26)
5.7%
Operating margin (FY26)
4.5%
Debt / equity (FY26)
0.44
OCF / EBITDA (FY26)
-101.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

NACL Industries makes agrochemicals in India, producing technical-grade active ingredients and formulations that it sells mainly in India, with some export sales.

Company snapshot

8thBy market cap

Ranked among 23 companies in Pesticides & Agrochemicals.

What we see

Concerns
  • ✗Net margin is very thin at 0.3% — little room for error if costs rise.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales580 Cr365 Cr457 Cr325 Cr440 Cr268 Cr201 Cr448 Cr457 Cr318 Cr361 Cr383 Cr
Operating expenses (approx.)550 Cr361 Cr446 Cr329 Cr400 Cr294 Cr275 Cr410 Cr412 Cr312 Cr348 Cr342 Cr
EBITDA31 Cr4 Cr11 Cr-4 Cr41 Cr-26 Cr-74 Cr38 Cr45 Cr7 Cr13 Cr41 Cr
OPM %5.3%1.1%2.4%-1.1%9.3%-9.8%-36.7%8.5%9.8%2.1%3.7%10.8%
Other income0.63 Cr2 Cr4 Cr3 Cr3 Cr1 Cr0.62 Cr1 Cr-0.04 Cr0.07 Cr2 Cr2 Cr
Interest20 Cr19 Cr19 Cr18 Cr17 Cr15 Cr14 Cr14 Cr13 Cr12 Cr7 Cr6 Cr
Depreciation7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr8 Cr7 Cr8 Cr8 Cr9 Cr9 Cr
Profit before tax6 Cr-20 Cr-11 Cr-27 Cr20 Cr-47 Cr-66 Cr18 Cr6 Cr-14 Cr-1 Cr28 Cr
Tax %28.2%21.7%19.3%23.3%26.6%22.5%23.9%27.2%60.5%25.3%27.7%26.4%
Net profit4 Cr-16 Cr-9 Cr-21 Cr15 Cr-36 Cr-50 Cr13 Cr3 Cr-10 Cr-0.86 Cr21 Cr
EPS (₹)₹0.21₹-0.80₹-0.45₹-1.04₹0.75₹-1.82₹-2.51₹0.65₹0.13₹-0.47₹-0.04₹0.89

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales835 Cr866 Cr865 Cr1,015 Cr1,191 Cr1,640 Cr2,116 Cr1,779 Cr1,235 Cr1,584 CrSign in free for the trailing twelve months
Operating expenses (approx.)779 Cr817 Cr852 Cr946 Cr1,079 Cr1,499 Cr1,923 Cr1,762 Cr1,297 Cr1,482 CrSign in free for the trailing twelve months
EBITDA56 Cr49 Cr14 Cr69 Cr113 Cr141 Cr193 Cr17 Cr-63 Cr103 CrSign in free for the trailing twelve months
OPM %6.7%5.6%1.6%6.8%9.5%8.6%9.1%1.0%-5.1%6.5%Sign in free for the trailing twelve months
Other income15 Cr19 Cr26 Cr8 Cr15 Cr13 Cr10 Cr9 Cr8 Cr3 CrSign in free for the trailing twelve months
Interest38 Cr33 Cr34 Cr29 Cr28 Cr27 Cr47 Cr76 Cr65 Cr46 CrSign in free for the trailing twelve months
Depreciation28 Cr20 Cr20 Cr24 Cr25 Cr25 Cr28 Cr27 Cr29 Cr32 CrSign in free for the trailing twelve months
Profit before tax32 Cr15 Cr-13 Cr24 Cr75 Cr97 Cr128 Cr-76 Cr-119 Cr10 CrSign in free for the trailing twelve months
Tax %-3.6%25.0%48.5%30.0%31.7%27.2%26.1%22.8%22.7%52.2%Sign in free for the trailing twelve months
Net profit33 Cr12 Cr-7 Cr17 Cr51 Cr71 Cr95 Cr-59 Cr-92 Cr5 CrSign in free for the trailing twelve months
EPS (₹)₹2.09₹0.74₹-0.53₹1.00₹2.63₹3.71₹4.78₹-2.96₹-4.62₹0.21Sign in free for the trailing twelve months
Dividend payout %————9.6%15.4%12.6%——0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr17 Cr19 Cr20 Cr20 Cr20 Cr20 Cr20 Cr23 Cr
Reserves213 Cr223 Cr267 Cr338 Cr399 Cr469 Cr554 Cr491 Cr407 Cr660 Cr
Borrowings197 Cr219 Cr198 Cr249 Cr184 Cr525 Cr721 Cr789 Cr396 Cr301 Cr
Other liabilities224 Cr255 Cr261 Cr349 Cr373 Cr497 Cr620 Cr519 Cr440 Cr380 Cr
Total liabilities651 Cr713 Cr742 Cr955 Cr976 Cr1,510 Cr1,915 Cr1,818 Cr1,263 Cr1,364 Cr
Fixed assets (net)156 Cr149 Cr137 Cr183 Cr186 Cr204 Cr369 Cr399 Cr395 Cr404 Cr
CWIP3 Cr2 Cr15 Cr35 Cr28 Cr105 Cr55 Cr28 Cr22 Cr7 Cr
Investments9 Cr9 Cr14 Cr15 Cr16 Cr13 Cr14 Cr15 Cr16 Cr8 Cr
Inventories212 Cr202 Cr224 Cr165 Cr228 Cr411 Cr491 Cr347 Cr266 Cr283 Cr
Trade receivables221 Cr287 Cr268 Cr359 Cr336 Cr529 Cr772 Cr767 Cr315 Cr458 Cr
Cash & bank8 Cr7 Cr7 Cr84 Cr68 Cr70 Cr41 Cr32 Cr57 Cr3 Cr
Other assets43 Cr57 Cr78 Cr114 Cr114 Cr180 Cr173 Cr230 Cr193 Cr201 Cr
Total assets651 Cr713 Cr742 Cr955 Cr976 Cr1,510 Cr1,915 Cr1,818 Cr1,263 Cr1,364 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity58 Cr24 Cr36 Cr103 Cr83 Cr-124 Cr-20 Cr50 Cr469 Cr-104 Cr
Cash from investing-6 Cr-14 Cr-27 Cr-97 Cr14 Cr-163 Cr-142 Cr-38 Cr4 Cr-58 Cr
Cash from financing-58 Cr-11 Cr-9 Cr70 Cr-113 Cr290 Cr135 Cr-22 Cr-448 Cr108 Cr
Net cash flow-5 Cr-1 Cr0.13 Cr77 Cr-16 Cr2 Cr-28 Cr-9 Cr25 Cr-55 Cr
Free cash flow (OCF − Capex)48 Cr11 Cr14 Cr33 Cr67 Cr-262 Cr-166 Cr11 Cr436 Cr-134 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.3%10.7%4.3%8.8%17.0%12.2%13.6%-0.0%-6.6%5.7%
ROE %14.3%4.8%-2.4%4.7%12.2%14.5%16.5%-11.5%-21.6%0.7%
Debtor days9612111312910311713315793105
Inventory days1771511429910212111210312396
Days payable1191371321621231141119713796
Cash conversion cycle154135122678212413416379105
OCF / EBITDA %104.4%50.3%n.m.150.2%74.0%-88.2%-10.6%n.m.—-101.3%
OCF / EBITDA % (3 years)——100.8%125.2%114.3%19.3%-13.7%-26.9%n.m.n.m.
Debt / equity0.860.920.700.700.441.081.261.540.930.44
Current ratio1.251.231.291.251.531.381.271.130.971.27
Net debt / EBITDA3.394.3713.872.411.033.233.5344.44—2.90