In This Article:
I’ve been keeping an eye on NOCIL Limited (NSE:NOCIL) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe NOCIL has a lot to offer. Basically, it is a company with great financial health as well as a a strong history of performance. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on NOCIL here.
Flawless balance sheet with solid track record
Over the past year, NOCIL has grown its earnings by 75.0%, with its most recent figure exceeding its annual average over the past five years. Not only did NOCIL outperformed its past performance, its growth also exceeded the Chemicals industry expansion, which generated a 21.8% earnings growth. This is an optimistic signal for the future. NOCIL’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that NOCIL manages its cash and cost levels well, which is a crucial insight into the health of the company. NOCIL appears to have made good use of debt, producing operating cash levels of 20.56x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
Next Steps:
For NOCIL, I’ve put together three key factors you should look at:
-
Future Outlook: What are well-informed industry analysts predicting for NOCIL’s future growth? Take a look at our free research report of analyst consensus for NOCIL’s outlook.
-
Valuation: What is NOCIL worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether NOCIL is currently mispriced by the market.
-
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NOCIL? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.