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National Oxygen Overview

National Oxygen Ltd. is an Indian company engaged in the manufacturing, supply, and distribution of industrial and medical gases. Its product portfolio typically includes oxygen, nitrogen, argon, and other specialty gases used across healthcare, manufacturing, chemical, and industrial sectors. The company emphasizes high-quality production, safety compliance, and reliable delivery to meet the critical needs of its clients. National Oxygen Ltd. leverages modern production facilities, stringent quality control, and efficient logistics to ensure ...Read More

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National Oxygen Key Financials

Market Cap ₹48 Cr.

Stock P/E -6.8

P/B -16.9

Current Price ₹95

Book Value ₹ -5.6

Face Value 10

52W High ₹165

Dividend Yield 0%

52W Low ₹ 93

National Oxygen Share Price

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Volume
Price

National Oxygen Quarterly Price

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National Oxygen Peer Comparison

National Oxygen Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 11 12 11 11 11 11 11 9 8 6
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 11 12 11 11 11 11 11 9 8 7
Total Expenditure 11 11 11 11 11 11 12 10 9 7
Operating Profit 1 1 0 0 0 0 -1 -2 -1 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 8
Profit Before Tax -1 -1 -1 -1 -1 -1 -2 -3 -2 7
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 -1 -1 -1 -1 -1 -2 -3 -2 7
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -1 -1 -1 -1 -1 -2 -3 -2 7
Adjusted Earnings Per Share -1.2 -1.3 -2.5 -1.7 -2.5 -2.4 -3.9 -5.1 -3.7 14

National Oxygen Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 28 33 36 41 46 44 40 51 47 45 41 34
Other Income 0 0 0 1 0 0 0 1 1 0 0 0
Total Income 28 34 36 42 46 44 40 52 48 46 41 35
Total Expenditure 30 30 31 36 38 38 34 39 43 44 43 38
Operating Profit -1 3 5 6 9 7 7 13 4 2 -2 -4
Interest 5 6 6 6 5 5 4 2 2 2 2 0
Depreciation 4 4 4 4 4 3 3 3 3 3 3 4
Exceptional Income / Expenses 0 0 0 2 3 0 0 0 0 0 0 8
Profit Before Tax -11 -7 -5 -2 4 -2 -1 8 -1 -3 -7 0
Provision for Tax -0 -1 0 -0 0 0 0 0 0 0 0 0
Profit After Tax -11 -6 -5 -2 4 -2 -1 8 -1 -3 -7 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -11 -6 -5 -2 4 -2 -1 8 -1 -3 -7 0
Adjusted Earnings Per Share -22.6 -11.8 -10.5 -3.9 7.4 -3.3 -2.3 15.9 -1.6 -6.4 -13.9 1.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -9% -7% -1% 4%
Operating Profit CAGR -200% NAN% NAN% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -32% -9% 26% 9%
ROE Average 0% 0% 69% 7%
ROCE Average -22% -8% 4% 5%

National Oxygen Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 0 -5 -9 -5 -7 4 0 -1 -1 -8
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 30 37 38 35 30 33 19 30 27 23 24
Other Non-Current Liabilities 3 1 1 1 1 2 2 2 2 2 2
Total Current Liabilities 18 17 16 14 12 11 11 7 7 11 13
Total Liabilities 57 56 51 42 39 38 36 40 35 34 31
Fixed Assets 49 45 41 35 32 29 26 24 22 22 20
Other Non-Current Assets 2 2 2 1 1 1 1 1 2 3 3
Total Current Assets 7 8 8 6 7 8 9 14 11 9 9
Total Assets 57 56 51 42 39 38 36 40 35 34 31

National Oxygen Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 1 1 1 1 1 6 2 0
Cash Flow from Operating Activities 1 1 5 8 8 5 7 12 2 1 -0
Cash Flow from Investing Activities -2 -0 1 3 3 -0 -1 0 -1 -4 -0
Cash Flow from Financing Activities 0 -1 -6 -11 -11 -4 -6 -7 -6 1 0
Net Cash Inflow / Outflow 0 0 -0 0 0 0 -0 5 -4 -2 0
Closing Cash & Cash Equivalent 1 1 1 1 1 1 1 6 2 0 1

National Oxygen Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -22.55 -11.84 -10.49 -3.89 7.42 -3.26 -2.28 15.88 -1.65 -6.41 -13.89
CEPS(Rs) -13.86 -3.63 -2.6 3.99 14.78 3.85 4.55 22.33 5.16 0.2 -7.5
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 12.78 0.94 -9.55 -17.71 -10.28 -13.61 9.15 0.03 -1.94 -1.98 -15.88
Core EBITDA Margin(%) -4.91 7.74 12.41 12.99 18.56 14.56 15.54 22.59 7.81 2.76 -6.08
EBIT Margin(%) -17.9 -2.15 3.62 9.51 18.32 7.4 8.52 19.32 2.12 -3.51 -13.33
Pre Tax Margin(%) -35.51 -18.95 -12.8 -4.44 7.72 -3.53 -2.75 15.07 -1.68 -7.14 -17.25
PAT Margin (%) -35.15 -15.66 -12.8 -4.42 7.71 -3.56 -2.75 15.07 -1.68 -7.14 -17.25
Cash Profit Margin (%) -21.6 -4.8 -3.18 4.54 15.36 4.21 5.5 21.19 5.26 0.22 -9.32
ROA(%) -18.07 -10.04 -9.42 -4.02 8.79 -4.04 -2.95 20.13 -2.12 -9.37 -21.48
ROE(%) -91.45 -172.53 0 0 0 0 0 346 0 0 0
ROCE(%) -10.55 -1.59 3.05 10.06 24.65 9.97 10.99 31.32 3.3 -5.74 -21.59
Receivable days 47.45 48.47 52.57 38.96 31.41 37.89 45.45 36.22 40.22 42.91 38.53
Inventory Days 7.49 6.09 4.42 2.22 1.9 3 5 5.49 7.79 8.59 8.71
Payable days 1334.76 962.53 1179.93 909.07 1300.68 1228.81 649.47 1451.9 2779.47 0 0
PER(x) 0 0 0 0 4.76 0 0 5.35 0 0 0
Price/Book(x) 3.76 43.72 -4.17 -2.21 -3.43 -2.17 4.09 2585.04 -44.55 -55.65 -6.74
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.33 2.03 1.87 1.5 1.17 1.18 1.06 1.33 1.45 1.85 2.07
EV/Core EBITDA(x) -48.82 21.3 12.97 10.17 6.11 7.76 6.32 5.22 15.97 47.91 -38.4
Net Sales Growth(%) 9.03 17.93 8.78 14.61 11.72 -4.92 -9.49 27.27 -6.9 -3.94 -10.33
EBIT Growth(%) -36.38 85.85 282.47 182.43 110.52 -61.59 4.21 188.56 -89.76 -258.71 -240.5
PAT Growth(%) -106.03 47.51 11.37 62.89 290.56 -143.93 30.02 796.44 -110.37 -308.75 -116.6
EPS Growth(%) -106.03 47.51 11.37 62.89 290.56 -143.93 30.02 796.43 -110.37 -289.29 -116.6
Debt/Equity(x) 7.06 106.95 -10.69 -5.18 -7.72 -5.9 5.74 2077.23 -30.89 -28.49 -3.83
Current Ratio(x) 0.37 0.51 0.49 0.41 0.55 0.78 0.8 1.93 1.51 0.85 0.67
Quick Ratio(x) 0.34 0.47 0.47 0.4 0.53 0.74 0.74 1.81 1.35 0.75 0.6
Interest Cover(x) -1.02 -0.13 0.22 0.68 1.73 0.68 0.76 4.55 0.56 -0.97 -3.4
Total Debt/Mcap(x) 1.88 2.45 2.56 2.35 2.25 2.72 1.4 0.8 0.69 0.51 0.57

National Oxygen Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 69.99 69.99 69.99 69.99 71.42 71.29 71.29 71.29 71.29 71.24
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 30.01 30.01 30.01 30.01 28.58 28.71 28.71 28.71 28.71 28.76
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

National Oxygen News

National Oxygen Pros & Cons

Pros

  • Stock is trading at -16.9 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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