NACL Industries Ltd
NACL is an established player and they deal in both technicals and formulations and they cater to the Indian market and to the international market as well. They have over 50 products covering all major crops. They have a strong logistic presence and the products are sold in more than 55,000 counters. NACL has become one of the reliable contract manufacturers for major MNCs. NACL exports products to over 30 countries and has forayed into International Brand business by registering brands in South-East Asia and Africa and are in the process of expanding reach in these regions.
Weaknesses
- −Stock is trading at 5.08 times its book value
- −The company has delivered a poor sales growth of 4.82% over past five years.
- −Company has a low return on equity of -7.18% over last 3 years.
- −Promoter holding has decreased over last 3 years: -10.1%
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 63.65% | 63.65% | 63.65% | 63.07%▼0.6 | 63.07% | 53.08%▼10.0 | 53.74%▲0.7 | 53.7%▼0.0 |
| FIIs | 0.31% | 0.18%▼0.1 | 0.17%▼0.0 | 0.12%▼0.1 | 0.03%▼0.1 | 0.17%▲0.1 | 0.02%▼0.2 | 0.05%▲0.0 |
| DIIs | 0.89% | 0%▼0.9 | 0% | 0% | 1.74%▲1.7 | 1.32%▼0.4 | 1.42%▲0.1 | 1.46%▲0.0 |
| Public | 35.15% | 36.16%▲1.0 | 36.19%▲0.0 | 36.81%▲0.6 | 35.14%▼1.7 | 45.42%▲10.3 | 44.82%▼0.6 | 44.79%▼0.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 353.76 | 454.3 | 333.82 | 448.31 | 266.52 | 203.24 | 438.5 | 446.34 | 290.18 | 332.19 |
| Expenses | 352.29 | 447 | 342.38 | 412.48 | 288.94 | 274.95 | 406.24 | 405.02 | 282.07 | 323.31 |
| Operating Profit | 1.47 | 7.3 | -8.56 | 35.83 | -22.42 | -71.71 | 32.26 | 41.32 | 8.11 | 8.88 |
| OPM % | 0.42% | 1.61% | -2.56% | 7.99% | -8.41% | -35.28% | 7.36% | 9.26% | 2.79% | 2.67% |
| Net Profit | -13.23 | -5.71 | -18.27 | 14.44 | -28.14 | -41.11 | 14.3 | 12.6 | -3.4 | -0.76 |
| EPS ₹ | -0.57 | -0.25 | -0.79 | 0.62 | -1.22 | -1.76 | 0.61 | 0.54 | -0.15 | -0.03 |
AI Insights
Mar 2026 revenue at ₹1,507Cr, up 20.4% YoY. OPM at 6%.
Borrowings at ₹312Cr. Debt-to-equity ratio: 0.44x. Healthy balance sheet.
CWIP at ₹5Cr (2% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 1.46% (+0.65pp change). FIIs: 0.05% (-1.11pp change). Promoters hold 53.7%.
ROCE declining from 11% (Mar 2015) to 9% (Mar 2026). Working capital days: 37.
PE 123x with 8.64% ROCE. Price is 413% above book value of ₹31.4. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 8 May - Monitoring agency report for Q4/FY26 shows nil deviation in Rs24,928.91 lakh rights issue proceeds.
- NACL Industries Limited Has informed About New Paper Publications 5 May - NACL Industries published audited standalone and consolidated Q4 and FY2026 results on May 5, 2026.
- Announcement under Regulation 30 (LODR)-Change in Management 4 May - Board approved FY26 audited results, 22 Jul 2026 AGM, CS/CHRO changes, and closure of Australia/Nigeria subsidiaries.
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 4 May - Board approved FY26 audited results, AGM on Jul 22, 2026, leadership changes, and closure of Australia/Nigeria subsidiaries.
- Results - For The Financial Year Ended 31.03.2026 4 May - Board approved FY26 audited results, AGM on July 22, 2026, CS appointment, and closure of Australia and Nigeria subsidiaries.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse