NACL Industries Ltd
NACLINDNACL Industries Ltd is strength at full price. The numbers are improving — and a P/E at the 100th percentile of its own range says the market knows.
The sharpest disagreement: profits are rising, but only −143% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (5 weeks in) while the P/E sits at the 100th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +61.5% year on year, and −143% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
NACL Industries Ltd trades at ₹214, in a confirmed uptrend and 5 weeks into that stage. That is +25.2% against its own 200-day average. It sits at 67% of a 52-week range of ₹118 to ₹260. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks.
Today the stock is in a confirmed uptrend — week 5 of stage 2, confirmed. At ₹214 it trades +25.2% versus its 200-day average and sits at 67% of its 52-week range (₹118–₹260).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,093% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 16 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 100th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
NACL Industries Ltd trades at 178.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 36.7×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 178.0× is about the priciest it has ever traded, against a long-run median of 36.7× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
The price move, decomposed: over 5y, of the +24.0%/yr price move, ~−13.3%/yr came from earnings growth and ~+37.3 pp from the multiple (expanding); over 10y, of the +26.4%/yr price move, ~+9.0%/yr came from earnings growth and ~+17.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
NACL Industries Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 12 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +28.3% | −9.2% | +5.9% | +8.6% |
| Profit | — | −62.5% | −37.2% | −6.7% |
| EPS | — | −63.5% | −38.3% | −9.5% |
| Share price | −22.6% | +38.4% | +24.0% | +26.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
50.2/100 — rank 12 of 24 in Pesticides/Agrochemicals · 87% evidence confidence
NACL Industries Ltd scores 50.2 out of 100 against the 24 companies it is compared with in Pesticides/Agrochemicals, ranking 12. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 27.9 + 5.9 + 7.2 + 9.2 = 50.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
NACL Industries Ltd reported ₹383 Cr of revenue in the Jun 26 quarter, −14.5% year on year. Over 10 years it has compounded at 8.6% a year. The last full year, FY26, came in at ₹1,584 Cr. The last four reported quarters add to ₹1,519 Cr.
NACL Industries Ltd reported ₹383 Cr of revenue in the Jun 26 quarter, −14.5% year on year. Over 10 years it has compounded at 8.6% a year. The last full year, FY26, came in at ₹1,584 Cr. The last four reported quarters add to ₹1,519 Cr.
FY26 revenue came in at ₹1,584 Cr (+28.3% on the year), capping 10 years at 8.6% compound. The latest quarter (Jun 26) printed ₹383 Cr, −14.5% year on year.
Pace check: the last four quarters averaged +21.9% growth against the decade's 8.6% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.9% over the last 4 quarters against −6.2%/yr over the last 8 — accelerating.
→ Revenue slipped — did margins hold as it scaled? Next: 11.0% this quarter (+3.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
NACL Industries Ltd's operating margin is 11.0% in the Jun 26 quarter, +3.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −5.0% to 10.0%. The current quarter is running above every full year in that window.
NACL Industries Ltd's operating margin is 11.0% in the Jun 26 quarter, +3.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −5.0% to 10.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 11.0%, +3.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −5.0%–10.0%.
Why the margin moved: operating margin went +2.3 pp year on year while gross margin went +6.8 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +61.5% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
NACL Industries Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +61.5% year on year. Full-year FY26 profit was ₹5.0 Cr. The 10-year compound rate is −6.7%. That is 5.5% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr. 7 of the last 12 reported quarters were loss-making.
NACL Industries Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +61.5% year on year. Full-year FY26 profit was ₹5.0 Cr. The 10-year compound rate is −6.7%. That is 5.5% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr. 7 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹21.0 Cr, +61.5% year on year. On the full year, FY26 printed ₹5.0 Cr (null), and the 10-year compound rate is −6.7%.
→ Profit rose — but did the cash follow? Next: −143% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −143% of NACL Industries Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−104 Cr of operating cash against ₹5.0 Cr of profit. After ₹27.0 Cr of capital spending, ₹−131 Cr was left as free cash.
FY26: operating cash of ₹−104 Cr against reported profit of ₹5.0 Cr, leaving free cash of ₹−131 Cr after ₹27.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −143% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −143%: the cash cycle stretched 22 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 22 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 105-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
NACL Industries Ltd's cash conversion cycle runs 105 days in FY26, up from 83 days in FY21. Capital spending ran ₹92.0 Cr over the last 3 years. At FY26 sales of ₹1,584 Cr each day of that cycle holds about ₹4.3 Cr, so roughly ₹456 Cr sits inside the business at any moment.
FY26: debtors at 106 days, inventory at 96 days — roughly 3.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 105 days, looser than FY21's 83.
The full loop: cash goes out to suppliers and production on day 0; stock waits 96 days to sell; customers pay about 106 days after that; and suppliers themselves are paid at 96 days — netting out to the 105-day cycle.
In money terms: at FY26 sales of ₹1,584 Cr, each day of the cycle holds about ₹4.3 Cr — so the 105-day loop keeps roughly ₹456 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹92.0 Cr over the last 3 fiscal years against ₹88.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹18.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 8% and the ROIC − WACC spread is −7.4 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
NACL Industries Ltd earns a ROCE of 8% in FY26. That is up from a trough of −8% in FY25. Return on invested capital clears the cost of that capital by −7.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 0.3% net margin on 1.16× asset turns.
FY26 ROCE is 8%, recovered from a FY25 trough of −8% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 0.3% net margin × 1.16× asset turns × 2.00× balance-sheet leverage ≈ 0.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 4.6% − 12.0% = a −7.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.46.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
NACL Industries Ltd carries total debt of ₹312 Cr against shareholder equity of ₹683 Cr as of Mar 26, a debt-to-equity of 0.46. On the annual view that ratio went from 1.09 in FY22 to 0.46 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹312 Cr against shareholder equity of ₹683 Cr — a debt-to-equity of 0.46. On the annual view, debt-to-equity went from 1.09 (FY22) to 0.46 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 10.0 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 10.0 points of NACL Industries Ltd over 8 quarters, the biggest move on the register. That takes promoters to 53.7% of the company. Domestic institutions moved +0.4 points over the same window, to 1.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −10.0 points over 8 quarters to 53.7%; Domestic institutions: +0.4 points over 8 quarters to 1.3%; Foreign institutions: −0.2 points over 8 quarters to 0.1%.
🚨 Why the register moved: promoters drove it (−10.0 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
NACL Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| NACL Industries Ltd this page | 178.0× | ₹4,610 Cr | No read | |||
| UPL Ltd | 28.2× | ₹50,841 Cr | No read | |||
| P I Industries Ltd | 34.5× | ₹41,437 Cr | Deteriorating | |||
| Sumitomo Chemical India Ltd | 50.9× | ₹25,978 Cr | Mixed | |||
| Bayer CropScience Ltd | 385.0× | ₹18,954 Cr | — | — | — | — |
| Jubilant Ingrevia Ltd | 36.3× | ₹11,557 Cr | Mixed | |||
| Sharda Cropchem Ltd | 12.1× | ₹7,876 Cr | Mixed | |||
| Epigral Ltd | 15.2× | ₹5,016 Cr | Mixed | |||
| Dhanuka Agritech Ltd | 15.5× | ₹4,517 Cr | Topping out | |||
| Rallis India Ltd | 26.9× | ₹4,253 Cr | Mixed | |||
| Bhagiradha Chemicals & Industries Ltd | 188.0× | ₹3,416 Cr | Improving | |||
| GSP Crop Science Ltd | 24.4× | ₹2,468 Cr | — | — | — | — |
| Bharat Rasayan Ltd | 13.1× | ₹2,096 Cr | Mixed | |||
| Insecticides India Ltd | 12.9× | ₹1,793 Cr | Mixed | |||
| India Pesticides Ltd | 14.4× | ₹1,727 Cr | Mixed | |||
| Titan Biotech Ltd | 57.5× | ₹1,719 Cr | Turning around | |||
| Astec Lifesciences Ltd | — | ₹1,469 Cr | No read | |||
| Meghmani Organics Ltd | 48.2× | ₹1,385 Cr | No read | |||
| Punjab Chemicals & Crop Protection Ltd | 21.0× | ₹1,375 Cr | Mixed | |||
| Excel Industries Ltd | 15.5× | ₹1,172 Cr | Mixed | |||
| Titan Biotech Ltd | 42.0× | ₹1,141 Cr | Turning around | |||
| Dharmaj Crop Guard Ltd | 16.1× | ₹882 Cr | No read | |||
| Advance Agrolife Ltd | 20.0× | ₹706 Cr | No read | |||
| Heranba Industries Ltd | — | ₹700 Cr | No read | |||
| Best Agrolife Ltd | 60.6× | ₹538 Cr | No read |
Frequently asked questions
What is NACL Industries Ltd's share price today?
NACL Industries Ltd trades at ₹214, −22.6% over the past year. The company is valued at ₹4,610 Cr. The stock sits at 67% of its 52-week range of ₹118–₹260, +25.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 5 weeks in. — as of 24 July 2026.
What were NACL Industries Ltd's latest quarterly results?
NACL Industries Ltd reported revenue of ₹383 Cr and net profit of ₹21.0 Cr for the Jun 26 quarter. Revenue fell 14.5% and profit rose 61.5% year on year. Earnings per share were ₹0.89. The operating margin was 11.0%, 3.0 pp higher than a year earlier. — as of 24 July 2026.
What is NACL Industries Ltd's revenue?
NACL Industries Ltd reported revenue of ₹383 Cr in the Jun 26 quarter, −14.5% year on year. For the full FY26 fiscal year, revenue was ₹1,584 Cr (+28.3%). Over the last 10 years revenue compounded at 8.6% a year. — as of 24 July 2026.
What is NACL Industries Ltd's profit?
NACL Industries Ltd earned ₹21.0 Cr of net profit in the Jun 26 quarter, +61.5% year on year. Full-year FY26 profit was ₹5.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 24 July 2026.
What is NACL Industries Ltd's market cap?
NACL Industries Ltd's market capitalisation is ₹4,610 Cr at a share price of ₹214. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is NACL Industries Ltd's P/E ratio?
NACL Industries Ltd trades at a P/E of 178.0×, at the 100th percentile of its own 10-year range, against a long-run median of 36.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does NACL Industries Ltd pay a dividend?
Not in its latest year — NACL Industries Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 8 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is NACL Industries Ltd overvalued?
On its own history, NACL Industries Ltd looks expensive against its own history: its P/E of 178.0× sits at the 100th percentile of its 10-year range (long-run median 36.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is NACL Industries Ltd growing?
Yes — NACL Industries Ltd is growing: latest-quarter revenue −14.5% year on year, profit +61.5%, and the margin +3.0 pp at 11.0%. The 10-year compound rates are 8.6% (revenue) and −6.7% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is NACL Industries Ltd performing?
NACL Industries Ltd is in a confirmed uptrend, 5 weeks in. Its latest quarter's revenue fell 14.5% and profit rose 61.5% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 16 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is NACL Industries Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 5 of stage 2), trading +25.2% versus its 200-day average and at 67% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is NACL Industries Ltd beating the market?
On recent form, yes — NACL Industries Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,093% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will NACL Industries Ltd's share price go up?
This page publishes no price forecast for NACL Industries Ltd. What it measures instead: the share price is ₹214, the price is in a confirmed uptrend 5 weeks in. Its P/E of 178.0× sits at the 100th percentile of its own 10-year range. — as of 24 July 2026.
Who owns NACL Industries Ltd?
Promoters hold 53.7% of NACL Industries Ltd, foreign institutions 0.1%, domestic institutions 1.3% and the public 44.9% (latest quarter). The biggest move on the register over the last two years: Promoters cut 10.0 points over 8 quarters. — as of 24 July 2026.
Does NACL Industries Ltd have too much debt?
It is moderate — NACL Industries Ltd's debt-to-equity is 0.46, and operating profit covers the interest bill 2×. FY26 borrowings were ₹312 Cr against equity of ₹683 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is NACL Industries Ltd's capex?
NACL Industries Ltd spent ₹92.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹27.0 Cr, with ₹18.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is NACL Industries Ltd's cash flow?
NACL Industries Ltd generated ₹−104 Cr of operating cash flow in FY26 and ₹−131 Cr of free cash flow after ₹27.0 Cr of capital spending. Reported profit that year was ₹5.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is NACL Industries Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −143% of NACL Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−104 Cr against reported profit of ₹5.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is NACL Industries Ltd in its business cycle?
NACL Industries Ltd's FY26 operating margin was 7.0%, against a 13-year band of −5.0%–10.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the NACL Industries Ltd story?
The sharpest disagreement: profits are rising, but only −143% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is NACL Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: NACL Industries Ltd is strength at full price. The numbers are improving — and a P/E at the 100th percentile of its own range says the market knows. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.