About National Oxygen
National Oxygen is a publicly listed company based in Chennai (India) founded in 1974. Industrial gases are produced and supplied by National Oxygen. The company has 102 employees. Its chief executive, as recorded, is Rajesh Kumar Saraf. Its Indian entity National Oxygen Limited reported revenue of ₹31.84 Cr. National Oxygen offers products and services including Industrial Gases and Flour and Spices Processing. Its focus areas include Chemicals and Materials and Industrial Gases.
Company details
National Oxygen was established in 1974 in Chennai, India, as a provider in the industrial gases sector. Production and distribution of gases such as oxygen and nitrogen are managed for industrial applications. Operations are centered in India, with supply chains supporting manufacturing and other sectors. Leadership is provided by Managing Director and CEO Rajesh Kumar Saraf, overseeing daily functions and strategic direction.
- Headquarters Chennai, India
- Employees 102
- Stage Public
- SectorsChemicals & Materials
- Website nolgroup.com
- Legal Name National Oxygen Limited
- Market Cap₹27.49 Cr
NOL · BSE
- Share Price₹56.48
+3.60% today
- Revenue₹22.96 Cr
FY 2025-26 · -43.4% YoY
- EBITDA−₹3.32 Cr
Margin -14.5%
- Net Profit−₹6.28 Cr
FY 2025-26 · +10.4% YoY
- ROE-95.9%
ROCE -12.9%
- Debt / Equity11.29
Interest cover -25.0x
- Employee Count102
Associated legal entities of National Oxygen
National Oxygen operates through National Oxygen Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| National Oxygen Limited Listed CIN L24111TN1974PLC006819 | Active | 23 Dec 1974 | Chennai, Tamil Nadu | ₹31.8 Cr | 102 | 7 | View details |
Products & Services of National Oxygen
National Oxygen offers a comprehensive portfolio of products and services, including Industrial Gases and Flour and Spices Processing.
Oxygen and dissolved acetylene gases are produced for industrial applications
Flour milling and spice processing are handled for agricultural products
Board of directors of National Oxygen Limited (National Oxygen)
National Oxygen Limited is the primary company behind National Oxygen. The board of National Oxygen Limited currently have 5 directors; the longest-serving is Rajesh Kumar Saraf, appointed in 1992. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Kumar Saraf DIN 00007353 | Managing Director | 30 Nov 1992 | 33 yrs 11 mo | National Oxygen Limited |
| Shanmugavadivel Siva DIN 07732134 | Director | 10 Feb 2017 | 9 yrs 8 mo | National Oxygen Limited |
| Sarita Saraf DIN 01028027 | Director | 10 Feb 2018 | 8 yrs 8 mo | National Oxygen Limited |
| Mona Milan Parekh DIN 08134503 | Director | 26 May 2018 | 8 yrs 5 mo | National Oxygen Limited |
| Amit Kumar Agarwal DIN 08723241 | Director | 16 Mar 2020 | 6 yrs 7 mo | National Oxygen Limited |
People of National Oxygen
1 people are tracked at National Oxygen (1 in leadership); the tracked headcount is 102.
| Name | Role | Group |
|---|---|---|
| Managing Director & CEO | Leadership |
Complete people profiles for National Oxygen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of National Oxygen
National Oxygen is a publicly listed company on the BSE with ticker symbol NOL in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 May 1986
- Listed onBSE: 507813
- Listed entityNational Oxygen Limited
- Exchange sectorProcess industries
- ISININE296D01010
- Share price₹59.15 (+3.75% on the day) · 2026-10-14
- Market capitalisation₹28.7 Cr
- Price to earnings17.5
- EPS (diluted, trailing year)₹3.37
- Volume (last session)2
Financials of National Oxygen
Exchange-reported figures of National Oxygen Limited, the listed company behind National Oxygen (BSE: NOL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 22.96 | 40.58 | 45.26 | 47.11 | 50.61 | 39.76 | 43.93 |
| Revenue growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| EBITDA | (3.32) | (2.48) | 1.25 | 3.67 | 11.43 | 6.26 | 6.39 |
| EBITDA margin | -14.5% | -6.1% | +2.8% | +7.8% | +22.6% | +15.7% | +14.6% |
| Profit before tax | 1.84 | (7.01) | (3.22) | (0.80) | 7.63 | (1.10) | (1.55) |
| Net profit | (6.28) | (7.01) | (3.27) | (0.80) | 6.53 | (1.13) | (1.60) |
| Net profit margin | -27.4% | -17.3% | -7.2% | -1.7% | +12.9% | -2.8% | -3.6% |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Balance sheet | |||||||
| Total assets | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Net worth | 2.79 | 0.89 | 7.90 | 11.07 | 12.01 | 4.39 | (6.54) |
| Total debt | 19.74 | 21.79 | 19.75 | 17.06 | 20.82 | 25.21 | 38.60 |
| Cash & bank | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Net working capital | 0.18 | 2.19 | 4.37 | 5.96 | 9.26 | 3.83 | 3.64 |
| Cash flow | |||||||
| Cash from operations | (1.09) | (0.18) | 0.97 | 2.23 | 11.59 | 6.53 | 4.83 |
| Cash from investing | 4.55 | (0.21) | (3.69) | (0.62) | 0.40 | (0.70) | (0.39) |
| Cash from financing | (3.47) | 0.45 | 1.07 | (5.93) | (6.54) | (5.87) | (4.30) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.05 | 3.97 | 5.04 | 6.37 | 7.58 | 8.62 | 10.78 | 10.61 |
| Revenue growth (YoY) | -59.8% | -53.9% | -53.3% | -40.0% | -28.3% | - | - | - |
| Other income | 0.24 | 0.35 | 0.11 | 8.37 | 0.05 | 0.07 | 0.07 | 0.08 |
| Total expenses | 4.29 | 5.06 | 5.78 | 6.81 | 8.62 | 10.39 | 11.53 | 10.55 |
| EBITDA | (1.24) | (1.09) | (0.74) | (0.44) | (1.04) | (1.77) | (0.75) | 0.06 |
| EBITDA margin | -40.7% | -27.5% | -14.7% | -6.9% | -13.7% | -20.5% | -7.0% | +0.6% |
| Depreciation | 0.55 | 0.56 | 0.57 | 0.58 | 0.61 | 0.61 | 0.87 | 0.87 |
| Interest | 0.46 | 0.48 | 0.36 | 0.30 | 0.28 | 0.28 | 0.42 | 0.46 |
| Profit before tax | (2.01) | (1.78) | (1.56) | 7.05 | (1.88) | (2.59) | (1.97) | (1.19) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.05 | 3.97 | 5.04 | 6.37 | 7.58 | 8.62 | 10.78 | 10.61 |
| Revenue growth (YoY) | -59.8% | -53.9% | -53.3% | -40.0% | -28.3% | - | - | - |
| Other income | 0.24 | 0.35 | 0.11 | 8.37 | 0.05 | 0.07 | 0.07 | 0.08 |
| Total expenses | 4.29 | 5.06 | 5.78 | 6.81 | 8.62 | 10.39 | 11.53 | 10.55 |
| EBITDA | (1.24) | (1.09) | (0.74) | (0.44) | (1.04) | (1.77) | (0.75) | 0.06 |
| EBITDA margin | -40.7% | -27.5% | -14.7% | -6.9% | -13.7% | -20.5% | -7.0% | +0.6% |
| Depreciation | 0.55 | 0.56 | 0.57 | 0.58 | 0.61 | 0.61 | 0.87 | 0.87 |
| Interest | 0.46 | 0.48 | 0.36 | 0.30 | 0.28 | 0.28 | 0.42 | 0.46 |
| Profit before tax | (2.01) | (1.78) | (1.56) | 7.05 | (1.88) | (2.59) | (1.97) | (1.19) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 22.96 | 40.58 | 45.26 | 47.11 | 50.61 | 39.76 | 43.93 |
| Revenue growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| Other income | 8.88 | 0.28 | 0.50 | 0.59 | 1.44 | 0.40 | 0.27 |
| Total expenses | 26.28 | 43.06 | 44.01 | 43.44 | 39.18 | 33.50 | 37.54 |
| Employee cost | 2.69 | 3.33 | 3.33 | 3.54 | 3.58 | 3.03 | 3.49 |
| EBITDA | (3.32) | (2.48) | 1.25 | 3.67 | 11.43 | 6.26 | 6.39 |
| EBITDA margin | -14.5% | -6.1% | +2.8% | +7.8% | +22.6% | +15.7% | +14.6% |
| Depreciation | 2.31 | 3.22 | 3.33 | 3.27 | 3.09 | 3.28 | 3.41 |
| Interest | 1.41 | 1.59 | 1.64 | 1.79 | 2.15 | 4.48 | 4.80 |
| Profit before tax | 1.84 | (7.01) | (3.22) | (0.80) | 7.63 | (1.10) | (1.55) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Net profit | (6.28) | (7.01) | (3.27) | (0.80) | 6.53 | (1.13) | (1.60) |
| Net profit margin | -27.4% | -17.3% | -7.2% | -1.7% | +12.9% | -2.8% | -3.6% |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.94 | 13.94 | 13.94 | 16.80 | 16.80 | 16.80 | 4.80 |
| Reserves & surplus | (11.15) | (13.05) | (6.04) | (5.73) | (4.79) | (12.41) | (11.34) |
| Shareholders' funds (net worth) | 2.79 | 0.89 | 7.90 | 11.07 | 12.01 | 4.39 | (6.54) |
| Secured loans | 6.67 | 14.76 | 15.70 | 12.03 | 14.00 | 20.03 | 18.61 |
| Unsecured loans | 13.07 | 7.03 | 4.05 | 5.03 | 6.82 | 5.18 | 19.99 |
| Total debt | 19.74 | 21.79 | 19.75 | 17.06 | 20.82 | 25.21 | 38.60 |
| Total liabilities | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Assets | |||||||
| Gross block | 69.40 | 69.24 | 68.42 | 65.18 | 64.11 | 67.27 | 66.52 |
| Net block | 18.44 | 19.58 | 21.98 | 22.08 | 24.27 | 26.48 | 29.01 |
| Capital work in progress | 3.30 | 0.18 | 0.81 | 0.14 | 0.00 | 0.06 | 0.03 |
| Investments | 0.16 | 0.33 | 0.08 | 0.05 | 0.10 | 0.21 | 0.19 |
| Inventories | 0.63 | 0.93 | 1.01 | 1.12 | 0.89 | 0.63 | 0.46 |
| Sundry debtors | 1.78 | 3.26 | 5.30 | 5.34 | 5.04 | 5.00 | 4.90 |
| Cash & bank balances | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Loans & advances | 1.47 | 4.20 | 2.08 | 2.17 | 1.75 | 2.07 | 1.81 |
| Total current assets | 4.43 | 8.95 | 8.88 | 10.78 | 14.15 | 8.71 | 8.22 |
| Total current liabilities | 4.25 | 6.76 | 4.51 | 4.82 | 4.89 | 4.88 | 4.58 |
| Net working capital | 0.18 | 2.19 | 4.37 | 5.96 | 9.26 | 3.83 | 3.64 |
| Total assets | 24.01 | 24.34 | 29.59 | 30.09 | 34.91 | 31.11 | 33.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 | 0.91 |
| Net cash from operating activities | (1.09) | (0.18) | 0.97 | 2.23 | 11.59 | 6.53 | 4.83 |
| Net cash from investing activities | 4.55 | (0.21) | (3.69) | (0.62) | 0.40 | (0.70) | (0.39) |
| Net cash from financing activities | (3.47) | 0.45 | 1.07 | (5.93) | (6.54) | (5.87) | (4.30) |
| Net change in cash | (0.01) | 0.07 | (1.66) | (4.32) | 5.46 | (0.04) | 0.14 |
| Closing cash | 0.55 | 0.56 | 0.49 | 2.15 | 6.47 | 1.01 | 1.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -43.4% | -10.3% | -3.9% | -6.9% | +27.3% | -9.5% | - |
| EBITDA growth | -33.9% | -298.4% | -65.9% | -67.9% | +82.6% | -2.0% | - |
| PBT growth | +9998.0% | -117.7% | -302.5% | - | +9998.0% | +29.0% | - |
| Net income growth | +10.4% | -114.4% | -308.8% | -112.3% | +677.9% | +29.4% | - |
| Revenue CAGR (3Y) | -21.3% | -7.1% | +4.4% | +2.4% | +3.1% | -1.3% | +6.8% |
| EBITDA CAGR (3Y) | - | - | -41.6% | -16.9% | +10.1% | +3.7% | +11.6% |
| Profitability & leverage | |||||||
| Net income margin | +8.0% | -17.3% | -7.1% | -1.7% | +15.1% | -2.8% | -3.6% |
| Return on capital employed | -12.9% | 0.0% | 0.0% | 0.0% | +20.7% | 0.0% | 0.0% |
| Return on net worth | -95.9% | 0.0% | 0.0% | 0.0% | +125.2% | 0.0% | 0.0% |
| Debt / equity | 11.29 | 4.73 | 1.94 | 1.64 | 2.81 | 0.00 | 0.00 |
| Long-term debt / equity | 7.88 | 3.28 | 1.25 | 0.93 | 1.56 | 0.00 | 0.00 |
| Interest cover | -25.04 | -27.89 | -78.85 | 447.50 | 25.78 | 150.34 | 161.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.33 | 0.59 | 0.68 | 0.73 | 0.77 | 0.59 | 0.66 |
| Inventory turnover | 29.44 | 41.84 | 42.50 | 46.88 | 66.59 | 72.95 | 122.03 |
| Debtors turnover | 9.11 | 9.48 | 8.51 | 9.08 | 10.08 | 8.03 | 9.63 |
| EPS (₹) | 3.64 | (13.89) | (6.41) | (1.65) | 15.88 | (2.28) | (3.26) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (12.11) | (15.88) | (1.98) | (1.94) | 0.03 | (15.84) | (13.61) |
Web traffic of National Oxygen
The website of National Oxygen (nolgroup.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 44.5% vs previous month
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Frequently Asked Questions about National Oxygen
National Oxygen was founded in 1974.
National Oxygen is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Rajesh Kumar Saraf is the CEO of National Oxygen, as recorded in our data.
National Oxygen has 102 employees.
The primary company behind National Oxygen, National Oxygen Limited, reported revenue of ₹31.84 Cr for FY 2026, down 43% year on year.
National Oxygen was established in 1974 in Chennai, India, as a provider in the industrial gases sector. Production and distribution of gases such as oxygen and nitrogen are managed for industrial applications. Operations are centered in India, with supply chains supporting manufacturing and other sectors. Leadership is provided by Managing Director and CEO Rajesh Kumar Saraf, overseeing daily functions and strategic direction.
National Oxygen offers Industrial Gases and Flour and Spices Processing.
Yes, National Oxygen is publicly traded on BSE under the ticker symbol NOL.
National Oxygen operates through National Oxygen Limited.
The legal entities of National Oxygen currently have 7 directors, including Rajesh Kumar Saraf, Shanmugavadivel Siva, Akhil Paliwal and others.