Reg. Office: Mafatlal House, 3rd Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai-400 020, India. Tel.: 91 22 6657 6100, 6636 4062 Fax: 91 22 6636 4060 Website: www.nocil.com CIN: L99999MH1961PLC012003 Email: [email protected]

10th May 2019

SEC/122B

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 Financial Year ended 31st March 2019.

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

Digitally signed by GUPTE VIKAS KASHINATH DN: c=IN, o=Personal, 2.5.4.20=a82eb80e7b1e067a287ce674750089f45 8bc6a99af0e166cf2078337b262f230, postalCode=400101, st=MAHARASHTRA, 2.5.4.45=03410064343234623035613336393036 3935666566383033616337323665383231653539 6165386539626665366439386139623836623163 3338303939313238396137, serialNumber=781f7a2e291fa674eb6adeb7c19d b4c341d405f62a89af3633b7130a70430038, cn=GUPTE VIKAS KASHINATH

GUPTE VIKAS KASHINATH

V. K. Gupte Company Secretary Date: 2019.05.10 18:30:46 +05'30'

Encl: as above

The ethics of excellence

NOCIL LIMITED

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.

239 267 FY18 FY19 +11.7% Revenue from Operations 968 1,043 FY18 FY19 +7.8% Operating EBITDA 263 290 FY18 FY19 +10.4% Operating PBT* Crossed Rs. 1,000 Cr Maintained Margin of 27%+ Maintained Margin of 25%+

Board recommended Final dividend of Rs. 2.5 per equity share of FV Rs. 10 each (25% of the FV)

Revenue from operations is net of GST/Excise duty * Operating PBT (PBT - Other Income)

Margin built-up

Sustainable Initiatives taken over 5 years

• Change in Product mix

o Share of specialised applications
o Increased share of export business

• Technological Improvements

o Continual improvement in yield performance
o Introduction of contemporary technologies

• Operating leverage

o Volume maximisation
o In-house generation of power at Dahej site
Anti-dumping duty
- o Only on 6 products out of 22

Performance Trend

* Revenue from operations is net of GST/Excise duty

** Operating PBT (PBT - Other Income)

^ IGAAP

Improving Operating Performance

Value Additions* Operating EBITDA Margins Operating PBT Margins FY18 54% FY16^ FY17 52% FY19 50% 55% FY17 FY18 27% FY16^ FY19 19% 21% 28% FY16^ FY17 25% FY18 17% FY19 19% 26%

Revenue Analysis and Break-up

Business Overview

Company Overview

Part of Arvind Mafatlal Group
Expertise in Rubber Chemical Business over 4 decades
Largest Rubber Chemicals Manufacturer in India
Long Term Business Relationships with Tyre Majors (Both Domestic & International)
Awarded Responsible Care Logo by Indian Chemical Council

* CAGR growth from (FY13-FY19)

Management Team

Mr. Hrishikesh . A. Mafatlal – Promoter & Chairman

Executive Chairman and Promoter Director of NOCIL Ltd
B.Com. (Hons.) & has attended the Advanced Management Programme at the Harvard Business School, USA

Mr. R. M. Gadgil - President - Marketing

B Tech in Chemical Engineering from IIT Mumbai
Associated with the Company in various marketing capacities for nearly 37 years

Dr. Chinmoy Nandi - Vice President (Research & Development)

Post Graduate & Ph.D. in Science
Associated with the company for nearly 35 years in various R&D capacities

Mr. S. R. Deo – Managing Director

M. Tech. in Chemical Engineering from IIT Kanpur
Associated with the company for nearly 40 years in various technical capacities

Mr. P. Srinivasan – Chief Financial Officer

Chartered Accountant with over 30 years of experience
Associated with the Company since 2005

Dr. Narendra Gangal – Vice President (QA, Analytical & Outsourced Research)

Ph.D. in Analytical Chemistry with 27 years of experience
Associated with the company since 2007

Mr. Rajendra Desai – Vice President (Operations, Corporate HR & Personnel)

Chemical Engineer with Diploma in Management Studies
Associated with the company for nearly 34 years

Glimpse of our Plants

Navi Mumbai Plant Dahej Plant

Set up in 1976
Located in Trans-Thane Creek industrial area at Navi Mumbai, Thane - Belapur's industrial zone designated for the chemical Industry, about 40 kms away from Mumbai
State-of-the-art technology for the manufacture of the entire range of Rubber Chemicals for Tyre & other Rubber Products

Commenced operations in March 2013
Located about 45 kms from Bharuch, Gujarat
Location has synergistic Chemicals & Petrochemicals industry and excellent connectivity with Dahej & Hazira Port
Fully automated continuous process plant developed completely with in-house technology

Our Value Proposition

Products & Product Forms 01

Wide Range of Rubber Chemical Products
Varied Product Forms

Sales, Marketing & Technical Service 02

Market Responsive Approach
Strong MTS Team to offer Technical Services

R & D and Quality Assurance 03

Experienced, capable & innovative team of R & D scientists.
Ultra Modern Laboratories & Pilot Plant Facilities
Latest Analytical Instruments

ANTI-DEGRADANTS/ ANTI-OXIDANTS

▪ These are ingredients in rubber compounds which deter the ageing and inhibit degradation due to oxygen attack of rubber products, thereby enhancing service life

ACCELERATORS

Increase the speed of vulcanization
Permit vulcanization to proceed at lower temperature & with greater efficiency

OTHER APPLICATIONS

Pre vulcanization inhibition, Post vulcanization stabilization, Latex based applications etc.
Improving Thermal Stability of cross links in rubber products

ONE STOP SHOP With WIDE RANGE to suit MARKET REQUIREMENTS

R&D and Total Quality Management

14

Rubber Chemicals – Industry Trends

Extended life, Automotive & Industrial products will increase rubber processing chemical loadings

High Performance Tyres Stringent Environmental compliance

Cost increase in China leading to Better level playing field

Rising Income Levels Global Demand*

Increase in Motor vehicle ownership rates, especially in developing nations would need additional consumption of rubber processing chemicals

For Rubber processing chemicals continue to forecasted to grow around 4% - 5% for next 10 years

Global Tyre Industry have already committed $10 Bn comprising of: ▪ 100 Mn tyres comprising of Car/ bus/ truck tyres Global Market expansion plans Continuous Demand for Rubber Chemicals
Indian tyre industry may grow 7%-9% over the next 5 years backed by favourable outlook for the domestic Automotive Industry
- Domestic Tyre Industry have already committed INR 150 – 180 Bn towards

Domestic Market

CAPEX – Key Growth Driver

• Phase I (a) - Expansion at Navi Mumbai has been commissioned and the commercial production have started from Q1 FY18-19 • Phase I (b) – Expansion at Dahej is has been commissioned after successful trial runs from Dec'18 Phase I – Rs. 170 crores ^ Phase I • For expansion of its production facilities for Rubber Chemicals (including intermediates captively consumed towards manufacture of rubber chemicals) at Dahej/Navi Mumbai – (Announced in Dec'17) • For expansion of its production facilities for Rubber Chemicals at Dahej/Navi Mumbai - (Announced in Jan'18) • The above capex is expected to commence the commercial production by the end of Q3FY20 Phase II – Total Capex of Rs. 255 crores ^ Phase II Expansion is expected to give an Asset Turnover of 2X at FY18 prices Accruals

without any technical collaborations or EPC contract

Total Capex of Rs. 425 crores - Entire project will be funded through Internal

Capex done to capitalize on growth opportunities…

…Further scope of multiple expansion possible 100% Implementation by in-house team

Non-Chinese Dependable Player

Non-Chinese Dependable & Quality Player with Committed Plans for future growth

Presence across the entire range of Rubber

Wide Range of Product

chemicals i.e. 22 product basket

Environment Friendly Processes

Continuous investments done to adopt various innovative environmental technologies for long-term sustainability

Product Testing & Validation

Approved & registered vendor with the Major Domestic & International Tyre Players offering Technical Support to customers for Rubber Products / Process Development

Pipeline of New Generation of Rubber Chemicals

Development of Niche products using innovative technologies & Green chemistry concepts and new generation environmentally sustainable processes for growth

Entry Barrier

Customers take from 6-18 months to give approval on plant specific basis & same is carried out for various locations globally

Rs. In Crores	Q4 FY19	Q4 FY18	Y-o-Y	FY19	FY18	Y-o-Y
Net Revenue from Operations *	242	276	-12.4%	1,043	968	7.8%
Raw Material	111	122		467	441
Value Addition **	131	154	-15.1%	576	527	9.3%
Value Addition %	54.1%	55.8%		55.2%	54.5%
Employee Expenses	18	17		68	67
Other Operating Expenses	54	52		218	197
Operating EBITDA	59	85	-30.2%	290	263	10.4%
EBITDA Margin	24.5%	30.7%		27.8%	27.2%
Depreciation	6	11		23	23
Other Income	2	3		10	14
EBIT	55	77	-28.2%	277	254	9.1%
EBIT Margin	22.8%	27.8%		26.6%	26.3%
Interest	0	0		1	1
Profit Before Tax	55	76	-28.2%	277	253	9.3%
Tax	19	25		93	84
Net Profit	36	51	-29.8%	184	169	9.2%
Net Profit Margin	14.8%	18.5%		17.7%	17.4%

*Revenue from operations is net of GST/Excise duty **Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

Particulars (Rs. Crs.)	31-Mar-19	31-Mar-18
ASSETS
Non-current assets	852	652
Property, Plant and Equipment	626	499
Capital work-in-progress	131	39
Investment Property	0	0
Intangible Assets	2	3
Financial Assets
(i) Investments in Wholly owned subsidiary	25	25
(ii) Other Investments	22	52
(iii) Other financial assets	6	4
Non-current tax assets	5	4
Other non-current assets	34	25
Current assets	576	664
Inventories	170	155
Financial Assets
(i) Investments	101	225
(ii) Trade receivables	232	243
(iii) Cash and cash equivalents	36	24
(iv) Bank balances other than cash and cash
equivalents	3	4
(v) Other Financial Assets	0	0
Other Current Assets	33	13
TOTAL	1,428	1,316

Particulars (Rs. Crs.)	31-Mar-19	31-Mar-18
EQUITY AND LIABILITIES
EQUITY	1,153	1,037
Equity Share Capital	165	164
Other Equity	988	873
Non-Current Liabilities	120	116
Financial Liabilities
Provisions	15	15
Deferred Tax Liabilities (Net)	105	100
Other non-current liabilities	0	0

Current liabilities	155	163
Financial Liabilities
(i) Trade Payables	99	114
(ii) Other Financial Liabilities	47	37
Other Current Liabilities	2	5
Provisions	6	4
Current Tax Liabilities (Net)	1	3
TOTAL	1,428	1,316

For further information, please contact:

Company : Investor Relations Advisors :

NOCIL Ltd. CIN: L99999MH1961PLC012003

Mr. P. Srinivasan - CFO [email protected]

Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285

Ms. Payal Dave / Ms. Neha Shroff [email protected] / [email protected] +91 9819916314 / +91 7738073466