National Oxygen quarterly results and financials

National Oxygen (BSE 507813)₹59.39+1.63%(9 Nov 2026 close)Industrial Gases

Key facts

In the Mar 2026 quarter (standalone), National Oxygen reported sales of ₹3.99 Cr, down 53.9% from Mar 2025, and net profit of −₹1.77 Cr. For the year to Mar 2026, sales were ₹23.05 Cr and net profit ₹1.83 Cr.

Sales (Mar 2026): ₹3.99 Cr
Net profit (Mar 2026): −₹1.77 Cr
Sales (FY Mar 2026): ₹23.05 Cr
Net profit (FY Mar 2026): ₹1.83 Cr
EPS (Mar 2026): ₹−3.52
Borrowings (Mar 2026): ₹28.66 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

National Oxygen quarterly results

₹ crore unless stated; each column is a quarter.

National Oxygen Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	11.16	11.85	11.33	11.05	10.61	10.65	10.81	8.65	7.60	6.39	5.06	3.99
Expenses	10.62	11.34	11.34	10.81	10.59	10.57	11.56	10.42	8.63	6.83	5.78	5.08
Operating Profit	0.52	0.49	−0.01	0.22	0.00	0.05	−0.75	−1.77	−1.02	−0.44	−0.72	−1.09
OPM %	4.8%	4.3%	−0.2%	2.1%	0.0%	0.6%	−7.0%	−20.6%	−13.5%	−7.0%	−14.4%	−27.7%
Other Income	0.05	0.11	0.05	0.25	0.05	0.07	0.06	0.06	0.04	8.36	0.10	0.34
Interest	0.36	0.42	0.43	0.47	0.44	0.47	0.43	0.29	0.29	0.31	0.37	0.49
Depreciation	0.81	0.81	0.82	0.86	0.86	0.86	0.86	0.60	0.60	0.57	0.56	0.55
Profit before tax	−0.59	−0.62	−1.22	−0.85	−1.25	−1.20	−1.99	−2.61	−1.88	7.07	−1.56	−1.80
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.14	0.00	0.00
Net Profit	−0.57	−0.59	−1.20	−0.83	−1.24	−1.18	−1.97	−2.58	−1.86	7.02	−1.54	−1.77
EPS (Rs)	−1.20	−1.24	−2.51	−1.66	−2.47	−2.35	−3.92	−5.12	−3.70	13.92	−3.06	−3.52

National Oxygen profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

National Oxygen Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	33.31	36.19	41.49	46.35	44.09	39.91	50.81	47.30	45.38	40.72	23.05	23.04
Expenses	30.44	31.54	35.79	37.69	37.61	33.55	39.29	43.50	44.09	43.14	26.32	26.32
Operating Profit	2.80	4.59	5.61	8.57	6.38	6.26	11.41	3.67	1.23	−2.46	−3.31	−3.27
OPM %	8.5%	12.8%	13.7%	18.6%	14.6%	15.9%	22.7%	7.8%	2.8%	−6.0%	−14.4%	−14.2%
Other Income	0.34	0.32	2.18	3.41	0.26	0.39	1.43	0.58	0.49	0.27	8.86	8.84
Interest	6.11	6.47	5.91	4.91	4.81	4.49	2.16	1.80	1.65	1.60	1.42	1.46
Depreciation	3.92	3.90	3.78	3.52	3.40	3.27	3.08	3.26	3.32	3.21	2.30	2.28
Profit before tax	−6.90	−5.45	−1.89	3.58	−1.56	−1.10	7.66	−0.80	−3.24	−7.03	1.85	1.83
Tax %	−17.2%	−0.6%	−0.5%	0.0%	0.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	0.05	0.05	1.91	3.30	0.05	0.04	1.11	0.00	0.06	0.02	8.14	8.14
Net Profit	−5.66	−5.39	−1.86	3.55	−1.56	−1.09	7.60	−0.78	−3.22	−6.98	1.83	1.85
EPS (Rs)	−11.80	−11.24	−3.88	7.39	−3.26	−2.28	15.84	−1.64	−6.39	−13.84	3.64	3.64
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

National Oxygen balance sheet

₹ crore, at each year end.

National Oxygen Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.80	4.80	4.80	4.81	4.81	4.81	4.81	4.81	4.80	5.05	5.05	5.05
Reserves	1.34	−4.37	−11.48	−13.34	−9.77	−11.36	−12.44	−4.80	−5.74	−6.05	−13.08	−11.18
Borrowings	43.22	48.30	48.95	44.02	38.07	38.57	37.19	32.76	29.02	28.62	30.66	28.66
Other Liabilities	7.84	6.97	6.71	6.34	6.01	6.13	6.36	6.94	6.75	6.42	8.37	5.70
Total Liabilities	57.20	55.70	48.98	41.83	39.12	38.15	35.92	39.71	34.83	34.04	31.00	28.23
Fixed Assets	48.65	44.76	39.71	35.16	31.83	28.95	26.41	24.20	22.02	21.91	19.52	18.40
CWIP	0.00	0.00	0.04	0.04	0.04	0.04	0.07	0.00	0.15	0.82	0.19	3.31
Investments	0.55	0.15	0.00	0.10	0.18	0.18	0.22	0.11	0.04	0.09	0.32	0.17
Other Assets	8.00	10.79	9.23	6.53	7.07	8.98	9.22	15.40	12.62	11.22	10.97	6.35
Inventories	0.57	0.67	0.31	0.23	0.27	0.47	0.64	0.90	1.13	1.02	0.94	0.64
Trade receivables	3.59	6.03	4.48	3.72	4.23	4.89	5.01	5.05	5.35	5.29	3.25	1.79
Cash & equivalents	0.80	0.81	0.54	0.82	0.92	1.06	1.02	6.48	2.16	0.50	0.57	0.56
Total Assets	57.20	55.70	48.98	41.83	39.12	38.15	35.92	39.71	34.83	34.04	31.00	28.23

National Oxygen cash flow

₹ crore, for each year.

National Oxygen Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1.29	1.48	4.86	8.44	7.83	4.82	6.51	11.56	2.22	0.96	−0.17	−1.08
Cash from investing activity	−1.66	−0.44	0.70	2.67	3.11	−0.38	−0.69	0.39	−0.61	−3.68	−0.20	4.54
Cash from financing activity	0.40	−1.04	−5.86	−10.88	−10.88	−4.31	−5.88	−6.55	−5.94	1.08	0.46	−3.48
Net cash flow	0.01	0.00	−0.26	0.27	0.10	0.13	−0.03	5.44	−4.30	−1.65	0.06	0.00
Capex	1.36	0.06	0.05	0.11	0.44	0.54	0.80	0.96	0.86	3.92	0.21	4.64
Free cash flow	0.06	1.49	4.89	11.18	10.97	4.36	5.76	11.92	1.39	−2.90	−0.38	3.12
CFO / OP %	−92.0%	53.9%	106.0%	150.0%	92.0%	76.0%	103.9%	102.0%	62.0%	82.9%	6.0%	30.9%

National Oxygen ratios

Working-capital days and returns, by year.

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	Mar 2026
Debtor days	48	67	46	34	34	42	47	37	42	44	30	29
Cash conversion cycle	48	67	46	34	34	42	47	37	42	44	30	29
Working capital days	−159	−98	−99	−82	−50	−28	−29	2	11	−17	−45	−99
ROCE %	−10.5%	−1.7%	2.1%	5.4%	15.0%	9.8%	10.8%	27.7%	3.3%	−5.9%	−21.6%	−21.6%

National Oxygen: frequently asked questions

What are the latest quarterly results of National Oxygen?

For the Mar 2026 quarter, National Oxygen reported sales of ₹3.99 Cr, down 53.9% year on year and net profit of −₹1.77 Cr. The operating margin was −27.7%.

What is the annual revenue of National Oxygen?

National Oxygen's sales for the year to Mar 2026 were ₹23.05 Cr; over the last twelve months they were ₹23.04 Cr.

What is the net profit of National Oxygen?

Net profit for the year to Mar 2026 was ₹1.83 Cr, and ₹1.85 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.64.

How much debt does National Oxygen have?

National Oxygen reported borrowings of ₹28.66 Cr at Mar 2026, against cash and equivalents of ₹0.56 Cr.

What is the free cash flow of National Oxygen?

Cash from operations was −₹1.08 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹3.12 Cr.

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