Financial Performance Overview
NOCIL Limited reported standalone revenue of ₹1,302.97 crore and net profit of ₹64.09 crore for FY 2025-26, with consolidated net profit of ₹55.63 crore attributable to owners. The company achieved 3% volume growth despite pricing pressures, with domestic revenue of ₹863 crore and export contribution of 34% at ₹440 crore. Earnings per share stood at ₹3.84 (basic) and ₹3.83 (diluted), reflecting the challenging market environment.
Operational and Expansion Initiatives
The company successfully completed its ₹250 crore TDQ brownfield expansion at Dahej facility ahead of schedule and within budget, with trial production commenced. Additionally, NOCIL approved a new ₹130 crore specialty chemicals project with captive intermediate at Dahej, scheduled for commissioning in Q2 FY28, funded through internal accruals and long-term loans. The company maintained its debt-free status throughout the year with strong credit ratings of CARE AA/CRISIL AA.
Dividend and Corporate Governance
NOCIL declared a final dividend of ₹1.50 per equity share (₹2 total for the year) with record date of July 24, 2026 and payment on or after August 10, 2026. The 64th AGM will be held on August 3, 2026 to seek reappointment of key directors including Executive Chairman Hrishikesh A. Mafatlal and Managing Director Anand V.S., along with appointment of new independent directors Sanjiv Lal and Sabyaschi Patnaik.
ESG and Sustainability Achievements
The company published its comprehensive BRSR report with limited assurance from TÜV SÜD, demonstrating significant ESG progress including ISCC Plus certification, EcoVadis Silver rating (top 15%), and validated SBTi decarbonization targets targeting 58.8% reduction in Scope 1+2 emissions by 2033-34. Notable metrics include 83.4% of R&D investments directed toward environmental improvements, 84% sustainable raw material sourcing, GHG emission intensity of 2.09 MTCO₂e per MT production, and zero instances of corruption or bribery with 100% anti-corruption training coverage.
Financial Position and Cash Flows
NOCIL generated strong operating cash flow of ₹252.08 crore and invested ₹220.65 crore in capital work-in-progress. The company maintained total equity of ₹1,773.39 crore with promoter holding at 33.76%. An exceptional item of ₹5.39 crore was recognized due to impact of new Labour Codes on employee benefits. The company spent ₹3.20 crore on CSR initiatives against obligation of ₹3.17 crore, focusing on healthcare, education, and rural development.
Compliance and Assurance
The financial statements received clean audit reports from Kalyaniwalla & Mistry LLP, with secretarial audit by Parikh & Associates without qualifications. The BRSR Core underwent limited assurance by TÜV SÜD, confirming compliance with SEBI Circular requirements. The company maintained all major certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and Responsible Care certification valid through January 2027.