NOCIL Limited — Investor Meet, 14-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

NOCIL Limited's Q1 FY26 revenue was Rs. 336 crores, with EBITDA at Rs. 31 crores (9.1% margin) and PAT at Rs. 17 crores. Volumes were stable. Domestic markets face dumping pressure, prompting anti-dumping investigations for ~40% of the business. Exports showed moderate growth, driven by new international customer approvals. Management targets volume growth this year and double-digit growth long-term. The Dahej expansion is 30% complete, with trial production by H1 FY27 and revenues from H2 FY27. Current capacity utilization is ~65-67%. Competitive advantages include backward integration, non-Chinese supplier status, and operational efficiencies like turbine savings. Management expressed a confident outlook amidst market uncertainties.