Date:1st August,2023

The Secretary The National Stock Exchange of India

The Bombay Stock Exchange Limited Ltd.
“P.J. Towers” Exchange Plaza
Dalal Street Bandra Kurla Complex,
Mumbai-400 001 Bandra (East)
Scrip Code: 500730 Mumbai-400 051
Symbol: NOCIL

Dear Sir,

Sub: Investor Presentation

Pursuant to Regulation 30(6) of the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements), Regulations, 2015, we
enclose herewith Investors Presentation on the Financial Highlights for the
quarter ended 30th June 2023.

The aforementioned Presentation has been uploaded on the Company’s website

viz., www.nocil.com.

We request you to take the above on your records and acknowledge receipt.

Thanking you,

Yours faithfully,
For NOCIL Limited
AMIT Digitally signed
by AMIT
KUNDAN KUNDAN VYAS
Date: 2023.08.01
VYAS 11:09:39 +05'30'

Amit K. Vyas
Assistant Vice President (Legal) & Company Secretary

Encl.: as above
NOCIL LIMITED
INVESTOR PRESENTATION
Q1FY24 1
1
 Safe Harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by NOCIL Limited (the “Company”), have been
prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the
Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company
makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness,
fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the
information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly
excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that
are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are
subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not
limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India
and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion,
technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its
exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ
materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-
looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

2
Financial Highlights
Q1FY24

3
 Quarterly Performance
Sales Volume* (Index) Revenue from Operations (Rs. In crores)

151
136 133 509
117
108 389 393 397
326

Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1
FY23 FY23 FY23 FY23 FY24 FY23 FY23 FY23 FY23 FY24

*Base to 100; considering Q1FY20 base period

Highlights

➢ Volumes for Q1FY24 has shown marginal de-growth ➢ Selling price marginally improved by 2% on Q-o-Q
of 2% on Q-o-Q basis basis
➢ Sequentially, volumes in exports slowed down due ➢ Sequentially, domestic volumes improved marginally
to recessionary trends

4
 Consolidated Profit & Loss Statement

Rs. In Crores Q1FY24 Q4FY23 Q-o-Q Q1FY23 Y-o-Y

Net Revenue from Operations 397 393 1% 509 -22%

Raw Material 223 199 273

Changes in inventory 5 34 3

Value Addition * 169 159 6% 236 -28%

Employee Expenses 25 21 24

Other Operating Expenses 89 89 110

Operating EBITDA 55 50 12% 103 -46%

Operating EBITDA Margin 14.0% 12.7% 20.2%

Depreciation 13 14 14

Interest 0^ 0^ 0^

Other Income 5 3 1

Profit Before Tax 47 39 22% 90 -47%

Tax 13 10 23

Net Profit 34 28 21% 66 -48%

Net Profit Margin 8.6% 7.2% 13.1%

*Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories
^ less than 1 crore
55
Business
Overview

6
 Company Overview

CAGR growth from 2016 - 2023

+12% +9%
Revenue EBITDA

~30%
+8% Dividend Payout
Operating PBT more than 6 years

Part of Largest
Arvind Mafatlal Group Rubber Chemicals Manufacturer in
India

Expertise in Rubber Chemical Long Term Business Relationships

Business over 4 decades with Tire Majors (Both Domestic &
International)

Awarded Responsible Care Logo

by Indian Chemical Council
7
 Management Team

Dr. Narendra Gangal

Mr. Hrishikesh. A. Mr. P. Srinivasan Dr. Chinmoy Nandi Vice President (QA,
Mr. S. R. Deo Mr. Anand V.S
Mafatlal Precedent Finance & Vice President (Research Analytical & Outsourced
Managing Director* Managing Director^
Promoter & Chairman Chief Financial Officer & Development) Research)

➢ Executive Chairman and ➢ M. Tech. in Chemical ➢ BE in Chemical Engineering ➢ Chartered Accountant with ➢ Post Graduate & Ph.D. in ➢ Ph.D. in Chemistry with 30
Promoter Director of Engineering from IIT from Bangalore University over 33 years of experience Organic Chemistry from IIT years of experience
NOCIL Ltd Kanpur and PGDM in Marketing ➢ Associated with the Bombay ➢ Associated with the
➢ B.Com. (Hons.) & has ➢ Associated with the from MDI Gurgaon. Company for over 17 years ➢ Associated with the Company for nearly 15
attended the Advanced company for over 43 years ➢ Appointment with effect company for over 40 years years
Management Programme in various capacities from 2nd March 2022 in various R&D capacities
at the Harvard Business
School, USA

Mr. Ashwinkumar
Mr. Rajendra Desai Bhende Mr. Amit Vyas
Vice President Mr. Milind Shevte Assistant Vice President
Vice President (Process Mrs. Kashmeera Prabhu
(Operations & Admin) & Vice President Engineering, Technology (Legal & Secratatial and (Head HR)
Chief Risk Office (Marketing) & Projects) Company Secretary)

➢ Chemical Engineer with ➢ B.E. Chemical Engineering ➢ Chemical Technologist ➢ Company Secretary & ➢ MBA (HR)
Diploma in Management ➢ Associated with the with Diploma in Legal head with over 26 ➢ Over 17 years of
Studies Company for over 17 years Management Studies with years of experience experience
➢ Associated with the 30 years of experience ➢ Associated with the
company for over 40 years ➢ Associated with company Company for over 3 years
for over 20 years

* He was Managing Director till 31st Jul 23 and he has superannuated from 1st Aug 23 ^ He has been appointed as MD from 1st Aug 23 for 5 years 8
Glimpse of our Plants

NOCIL’s manufacturing facilities are equipped with State-Of-The-Art Technologies that enable the Company to manufacture products that
meet International Standards

Navi Mumbai, Maharashtra

➢ The Navi Mumbai production plant, established in 1976, is strategically situated in the
Trans-Thane Creek Industrial Area of the Navi Mumbai – Thane-Belapur industrial zone.
➢ This facility possesses the necessary capabilities to manufacture a comprehensive
range of rubber chemicals. It is equipped with advanced technology and operates with
automated control systems, ensuring efficiency and precision in the production process.

Dahej, Gujarat

➢ The Dahej site is a cutting-edge manufacturing facility that started production in 2013.
Situated just 45 kilometers from Bharuch, Gujarat, this strategically located facility
benefits from its proximity to the petrochemical industry and its connection to Dahej and
Hazira ports.
➢ With fully automated processes, the facility utilises in-house technology and process
controls to ensure optimal operations.

9
 Our Value Proposition

➢ Wide Range of Rubber

Products & Product Chemical Products
01
Forms
➢ Varied Product Forms

Long Term Relationships ➢ Market Responsive

Approach
Sales, Marketing &
with Customers Technical Services
02
➢ Strong MTS Team to
over 40 Countries offer Technical Services

➢ Experienced, capable &

innovative team of R & D
R&D and Quality scientists.
03
Assurance ➢ Ultra Modern Laboratories &
Pilot Plant Facilities
➢ Latest Analytical Instruments

10
 Products & their Usage

These are ingredients in rubber

ANTI-DEGRADANTS/ compounds which deter the ageing and
inhibit degradation due to oxygen attack
01 03 ANTI-OXIDANTS
of rubber products, thereby enhancing
service life

Experienced, 02
capable & Latest
innovative analytical
team of R&D instruments
Ultra-modern
scientists laboratories & ➢ Increase the speed of vulcanization
pilot plant
facilities ACCELERATORS ➢ Permit vulcanization to proceed at
lower temperatures & with greater
efficiency

➢ Pre vulcanization inhibition, Post

vulcanization stabilization, Latex based
OTHER APPLICATIONS applications etc.

➢ Improving Thermal Stability of cross

links in rubber products

11
R&D and Total Quality Management

Research & Technology Quality Assurance Certifications

Development
➢ NOCIL’s Research Centre at ➢ Quality Management System with a ➢ Independent assurance statement
Navi Mumbai recognized by focus on Quality of Raw materials, issued by Bureau Veritas (India) Pvt.
Ministry of Science and Finished Products as well as in Ltd. for Business Responsibility and
Technology, Govt. of India Process Sample Analysis Sustainability Report
➢ SILVER Medal accorded by Ecovadis
➢ Key Areas Focused upon ➢ The Quality Control Laboratory
Sustainability Rating Process
operates round the clock and is
➢ Process Development, equipped with the latest Analytical ➢ ISO 50001:2018
scale up, commercial Instruments & Equipment's ➢ ISO 9001:2015
implementation
➢ ISO 14001:2015
➢ Environmental strategies ➢ ISO 45001:2018
for sustainable growth ➢ ISO/IEC 17025:2017

➢ Research initiatives as per ➢ Responsible Care Certification by

customers’ perceived Indian Chemical Council
needs ➢ IATF 16949:2016

12
 Technology & Speciality Chemicals – Moving up the curve

Technology-driven Endeavours
Strengthening Presence in Rubber Chemicals
Continual Technological Improvement in Product &
Processes

Strong position in specialized applications

R&D Capabilities leading to significant reduction in cost of

production

Operating leverage due to scaling-up of business

Favourable Positioning

13
 Rubber Chemicals – Industry Trends

Stringent Environmental
compliance
Cost increase in China leading to
Better level playing field

NOCIL has been awarded by ICC for

“Excellence in Management of
Environment” under the large
chemical industry
High Performance
Tires Rising Income
Extended life, Automotive & Levels
Industrial products will increase Increase in Motor vehicle ownership
rubber processing chemical rates, especially in developing nations
loadings would need additional consumption of
rubber processing chemicals

14
Strong Foundation Through Our Geographical Presence

Global customers continue to

value the strengths and capabilities of

your company. With available capacities

and gaining of approvals at new

locations, will enable your Company to

leverage growth opportunities to fulfil its

long-term vision of doubling its market

share in the global space.

Disclaimer: This map is a generalised illustration only for the ease of the reader to understand the locations, and it is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual
position. The Company or any of its directors, officers or employees, cannot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind in connection to its accuracy or completeness. 15
Industry –Academia Collaboration

NOCIL has been awarded by ICC for

Indian Chemical Council (ICC) Best “Industry - Academia Collaboration Award”

16
Accorded by EcoVadis Sustainability Rating

17
 Rubber Consumption

Global Rubber Consumption (Natural + Synthetic)

In million tonnes
29.8

29.1 29.7

29.0
28.6 • Rubber Chemicals
28.4 constitute ~3.5% of the
27.5 27.5 Rubber Consumption

Covid year • Global Rubber

26.6 consumption for Q1CY23
shows a de-growth of
26.2
around 3% on q-o-q basis
25.5

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023*

Source : Rubber Statistical Bulletin, Jan – Mar 2023 edition

*Annualised based on Jan March data 18
 NOCIL Total Sales vs. Global Rubber Consumption Trend

250 Indexed
202 194
200 174
156 160 154
150 139
119 124
100 106
100 113 116 115 119 118
102 105 107 110 107
100
50

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
NOCIL Sales Global Rubber Consumption

01 02 04
03

Global Rubber Chemical Global Rubber Consumption Company grew 5 times the Vision to set strong footprints
Industry follows Global de-grew in CY 22 yoy global market growth in global space with expanded
Rubber consumption trend capacities
19
 NOCIL Total Sales vs. Domestic Rubber Consumption Trend

250 Indexed 230

217

200 186 182 184

166 165
151
150 132
100 108 139 146
134 126
100 113 119 113
100 100 108 108

50

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
NOCIL Sales Domestic Rubber Consumption

02
01

Company is largest domestic Company grew 3 times the

manufacturer of rubber chemicals domestic market growth
20
 Why NOCIL is a “Supplier of Choice”

Environment Friendly Product Testing &

Critical factors pivotal towards NOCIL Processes
emerging as a prominent player in the Dependable Player Validation
rubber chemical industry are: Approved and registered
Continuous investments are
Dependable & quality player vendor with major domestic &
made to adopt various
with self-sufficiency in key international tire players
innovative environmental
intermediates offering technical support to
➢ Comprehensive Solutions and technologies for long-term
Technical Support for Rubber sustainability customers for rubber
Applications applications

➢ Global Recognition for Technical

Capabilities A Pipeline of New
➢ Pioneering Green Chemistry and Wide Range of Generation Rubber
Sustainable Growth Products Chemicals Entry Barrier

➢ Commitment to Responsible Care Customers take from 6-18

Present across the entire Development of niche months to approve on a plant-
and range of Rubber Chemicals products using innovative specific basis, and the same
with a product basket of 20+ technologies & Green is carried out for various
➢ Environmental Sustainability
Chemistry concepts locations globally

21
CHINA + 1 STRATEGY
Rubber Chemicals Industry

Currently, China is a dominant Global sourcing strategy

player in the Rubber Chemical expected to undergo a
Industry contributing over 80% change to include China +1
India
Rest of
World

Tire majors across world NOCIL is Dependable, Non-

looking for alternative Chinese Player enjoying a
sourcing other than China favourable positioning

China

NOCIL is expected to India will play an important

benefit in view of available role as a supplier
capacities

22
Environmental, Social,
and Governance

23
23
 Environmental Initiatives

504.64 MW
‘3R’ approach’ that focuses on 64,290 Kilo Litres Electricity through alternate
pollution prevention & waste Less water consumption in energy sources for operations
management, promoting a 2022-23
sustainable environment in 2022-23

Investing in R&D of Implementing ‘5S

Workplace
Embrace and Integrate cutting-
Environmentally Sustainable Organisation Method’ enhance
edge technologies, including Products which have low productivity, ensure safety, &
‘Green Chemistry’ ecological footprint reduce waste

24
Social Engagement

Promoting Healthcare (Including Preventive Healthcare):

➢ CSR initiatives extend to providing community health programmes for the underprivileged residing in rural
and tribal areas
➢ Allocated funds to renowned NGOs such as The Cancer Patients Aid Association (CPAA), which enables
affordable or free treatment for impoverished individuals (particularly women) battling serious illnesses
like cancer

243 Lives touched

Livelihood Enhancement Projects In The Field Of Agriculture:

➢ Supports ‘BAIF Institute for Sustainable Livelihood and Development’ for cattle development, animal health,
tribal rehabilitation, and sustainable utilisation of water and land resources
➢ Contributes towards rehabilitation and empowerment of tribal communities, providing them with
resources, skills, and support to improve their socio-economic conditions
➢ Within this collaboration with BAIF, Navjeevan is an initiative undertaken to provide rehabilitation for
distressed families

25
Social Engagement

Sports And Games - Support The Indian Athletes In Winning Olympic Gold Medals:
➢ Financial support to The Foundation for Promotion of Sports and Games (Olympic Gold Quest), an
esteemed NGO founded by renowned icons Geet Sethi and Prakash Padukone.
➢ Dedicated to narrowing gap between India’s exceptional athletes and the world’s top athletes, with a
specific focus on assisting Indian sportsmen and sportswomen in their pursuit of Olympic gold medals.
➢ Aims to provide the necessary resources and support to nurture and groom India’s talented athletes,
empowering them to reach their full potential on the global stage.

35 Participants covered

Empowerment Of Tribal Communities:

➢ Partnership with the NGO ‘Vayam’ have benefitted from undeterred support which includes providing
essential resources, opportunities, and skills that have contributed to their overall empowerment
➢ Worked together to enhance their socio-economic well-being, enabling them to lead better lives and pursue
sustainable development

250 Tribal Communities covered

26
Social Engagement

Promoting Education For Underprivileged And Poor Children:

➢ Guided by its motto “Be Great by Your Sadhana, Service & Sacrifice“ Adruta Home’s mission is to raise
parentless abandoned children suffering from extreme poverty, destitution and negligence with love and
care providing them with not only food and shelter but also quality education to enable them to emerge as
self-dependent respectable citizens of the society
➢ Adruta Home strives to become a centre of excellence in providing holistic nurture (physical, educational,
and spiritual) to such children by way of Rehabilitation and Restoration, Adoption and Alternative Care,
Lifeskill Training, Infant Care, Education, Healthcare and Vocational Training.

27
Historical Financial
Highlights

28
Annual Performance Highlights

Sales Volume (MT) Revenue from Operations (Rs. In crores)

131 1,617
126 1,572

114

100

925
847

FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23

29
29
 Consolidated Profit & Loss Statement

Rs. In Crores FY23 FY22 Y-o-Y

Net Revenue from Operations 1,617 1571 3%

Raw Material 888 859

Changes in inventory -24 -89

Value Addition * 729 712 2%

Employee Expenses 87 81

Other Operating Expenses 389 345

Operating EBITDA 253 286 -12%

Operating EBITDA Margin 15.6% 18.2%

Depreciation 56 48

Interest 1 1

Other Income 6 4

Profit Before Tax 202 241 -16%

Tax 53 65

Net Profit 149 176 -15%

Net Profit Margin 9.2% 11.2%

*Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories
^ less than 1 crore
30
30
 Consolidated Balance Sheet
Assets (Rs. In Crores ) 31-Mar-23 31-Mar-22 Equity and Liabilities (Rs. In Crores ) 31-Mar-23 31-Mar-22
Non-current assets 976 987
EQUITY 1,552 1,445
Property, Plant and Equipment 653 674
Equity Share Capital 167 167
Right of Use Assets 231 231
Capital work-in-progress 9 8 Other Equity 1,385 1,279
Investment Property 0^ 0^ Non-Current Liabilities 134 126
Intangible Assets 3 4 Financial Liabilities
Financial Assets
(i) Financial Lease Liability 7 3
(i) Other Investments 42 36
Provisions 16 16
(ii) Other financial assets 10 8
Non-current tax assets 17 16 Deferred Tax Liabilities (Net) 111 107
Other non-current assets 11 9
Current assets 881 844
Current liabilities 171 259
Inventories 285 333
Financial Liabilities
Financial Assets
(i) Investments 176 18 (i) Trade Payables 127 215
(ii) Trade receivables 346 450 (ii) Financial Lease Liability 3 3
(iii) Cash and cash equivalents 24 12 (iii) Other Financial Liabilities 26 25
(iv) Bank balances other (iii) 34 4
Provisions 5 5
(v) Other Financial Assets 5 1
Other Current Liabilities 10 11
Other Current Assets 12 26
TOTAL 1,857 1,831 TOTAL 1,857 1,831

^ less than 1 crore 31

31
 Consolidated Cashflow Statement

Particulars (Rs. In Crores) FY23 FY22

Cash flow from operating activities

Profit before tax 202 241

Adjustments for noncash items / non operating items 50 45

Operating profit before working capital changes 252 286

Working capital reductions/(increases) 80 (256)

Cash flows generated from operating activities 332 29

(Income taxes paid) / Refund (net) (51) (60)

Net Cash flows generated from operating activities (A) 282 (30)

Net Cash flows generated from investing activities (B) (217) 31

Net Cash flows generated from financing activities (C) (54) (34)

Net Cash (Decrease) / Increase 11 (33)

^ less than 1 crore 32

32
Consistent Dividend Payout

Dividend as % of Face Value

30% 30%

25% 25% 25%

20%
18%

12%
10%

6% 6%

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20* FY21 FY22 FY23

27% 48% 34% 30% 37% 29% 27% 38% 38% 28% 34%

Pay out Ratio = (Dividend + DDT) / PAT * Interim Dividend 33

33
 Thank You

NOCIL Limited
CIN: L99999MH1961PLC012003
NOCIL Limited
Mr. P. Srinivasan - CFO
CIN: L99999MH1961PLC012003
[email protected]
Mr. P. Srinivasan - CFO
Ms. Mugdha Khare
[email protected]
[email protected]
Ms. Mugdha Khare
www.nocil.com
[email protected]

www.nocil.com

Strategic Growth
Strategic Advisors
Growth AdvisorsPvt Ltd.
Pvt Ltd.
CIN: U74140MH2010PTC204285
CIN: U74140MH2010PTC204285
Mr.
Mr.Jigar Kavaiya/Mr.
Jigar Pratik
Kavaiya/Mr. Shah
Pratik Shah
Email id: [email protected]/ [email protected]
Email id: [email protected]/ [email protected]
Tel
TelNo:
No:+91
+9199206
9920602034
02034/ +91 98700
/ +91 30585
98700 30585
34