National Industrialization Company (2060.SR) stock analysis

In our weekly check, National Industrialization Company is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 8 pass, warnings: 3, red flags: 11.

About National Industrialization Company

National Industrialization Company is a Basic Materials company (Chemicals), listed on SAU as 2060.SR.

What our checks show for 2060.SR

Red flags

• The company has net debt but no positive operating earnings (EBITDA) to service it from (debt/equity 0.78).
• Operating profit does not cover the interest bill (-28.5x): interest is paid from cash or new debt.
• The net margin fell by 262 points over 5 years, to -206%: the company keeps less of each sale as profit.
• The gross margin fell by 37.4 points, to -10.5%: costs are rising faster than prices.
• Revenue fell 24.2% a year over the last 3 years.
• Weak EPS growth
• The company is losing money: the net margin is -206%.
• Free cash flow is negative (-14.1% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 83% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 71.2% a year.
• A small company (market value $1.3 billion): usually riskier and followed by fewer analysts.
• The stock is still below its previous peak.

Strengths

• Operating cash flow is 0.02x net profit: the profit arrives as real cash.
• Analysts expect revenue to grow about 24.1% a year over the next years.
• Analysts expect the net margin to improve by 211 points from today's -206%.
• Beta 0.23: the stock usually moves less than the market.

Similar companies

CE · MEOH · 2330.SR · SYENS.BR · 2310.SR · OLN

Questions

What grade does National Industrialization Company (2060.SR) have?

In our weekly check, National Industrialization Company is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 8 pass, warnings: 3, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2060.SR stock?

This week's biggest flags for National Industrialization Company: High debt, Weak interest cover, Margins falling. In total 14 of 22 checks show a warning or a red flag.

What does National Industrialization Company do?

National Industrialization Company is a Basic Materials company (Chemicals), listed on SAU as 2060.SR.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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