Kothari Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 532096 | NSE: KOTHARIPET | Petrochemicals | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Kothari Petrochem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Kothari Petrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
11.65
Market Cap:
719.4 Cr.
52-wk low:
0
52-wk high:
0

Is Kothari Petrochemicals Ltd an attractive stock to invest in?

1. Is Kothari Petrochemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kothari Petrochemicals Ltd is a good quality company.

2. Is Kothari Petrochemicals Ltd undervalued or overvalued?

The key valuation ratios of Kothari Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Kothari Petrochemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kothari Petrochemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kothari Petrochem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kothari Petrochemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11%14.8%10.7%6.6%9.2%12.5%16.6%19.5%23.2%20.3%-
Value Creation
Index
-0.20.1-0.2NANANANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 337279214219195300273227382482572
Sales YoY Gr.--17.1%-23.5%2.8%-11.3%54%-8.9%-17%68.2%26.4%-
Adj EPS 1.21.81.40.91.522.93.75.76.310.5
YoY Gr.-46.3%-20%-38.2%71.9%32.7%40.4%30.5%52.7%10.4%-
BVPS (₹) 10.410.911.31213.314.51720.926.432.640.8
Adj Net
Profit
7.310.68.55.291216.821.933.536.962
Cash Flow from Ops. 814.415.83.515.727.526.530.318.526.2-
Debt/CF from Ops. 2.21.61.19.72.110.20.10.60.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%19.9%20.9%26.4%
Adj EPS 19.8%32.6%30.1%10.4%
BVPS13.5%19.6%24.3%23.3%
Share Price - 45.5% 67.9% 118.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.916.812.97.61214.618.119.62421.228.6
Op. Profit
Mgn %
3.76.67.15.59.17.110.11513.111.815.6
Net Profit
Mgn %
2.23.842.44.646.19.78.87.710.8
Debt to
Equity
0.30.40.30.50.40.30.100.10.1-
Working Cap
Days
4253605579545566536045
Cash Conv.
Cycle
18232114201165112229

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.60%

Sales growth is growing at healthy rate in last 3 years 20.85%

Net Profit is growing at healthy rate in last 3 years 30.06%

Sales growth is good in last 4 quarters at 34.66%

No data to display

Latest Financials - Kothari Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 10.5 1.6
TTM Sales (₹ Cr.) 572 214
BVPS (₹.) 40.8 10
Reserves (₹ Cr.) 181 -
P/BV 2.99 12.22
PE 11.65 75.40
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) 0.65 / 9.50
Market Cap (₹ Cr.) 719
Equity (₹ Cr.) 58.9
Face Value (₹) 10
Industry PE 38

Management X-Ray of Kothari Petrochem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kothari Petrochem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales337279214219195300273227382482
Operating Expenses 325261198208177279246193332425
Manufacturing Costs39262124353439365164
Material Costs262213154159120216172129247318
Employee Cost 891012121213151617
Other Costs 15121312101622131827
Operating Profit 12181512182128345057
Operating Profit Margin (%) 3.7%6.6%7.1%5.5%9.1%7.1%10.1%15.0%13.0%11.8%
Other Income 3333223456
Interest 1312132113
Depreciation 2333456667
Exceptional Items 00000010-21
Profit Before Tax 12161410141624314655
Tax 455454691316
Profit After Tax 81196101218233339
PAT Margin (%) 2.3%4.0%4.3%2.6%4.9%4.1%6.7%9.9%8.6%8.1%
Adjusted EPS (₹)1.31.91.61.01.62.13.13.85.66.7
Dividend Payout Ratio (%)74%52%64%25%46%24%0%0%0%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 626567717985100123156192
Share Capital 59595959595959595959
Reserves 258121926416497133
Minority Interest0000000000
Debt18231834282201815
Long Term Debt000910501815
Short Term Debt1823182518170000
Trade Payables14131517192425283335
Others Liabilities 18181111181820182628
Total Liabilities 111118110133144150146171223270

Fixed Assets

Gross Block57666949859397117100135
Accumulated Depreciation101417361015212329
Net Fixed Assets475253477983839677106
CWIP 62260103183
Investments 1112616161720153341
Inventories610911111011182633
Trade Receivables31241620222221192947
Cash Equivalents 29162428215915
Others Assets8107101410853125
Total Assets 111118110133144150146171223270

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 814164162826301926
PBT 12161410141624314655
Adjustment 0112455454
Changes in Working Capital -115-611033-20-20
Tax Paid -4-4-4-2-3-4-6-8-13-13
Cash Flow From Investing Activity -12-34-8-29-8-4-14-32-26
Capex 00000-10-2-5-20-20
Net Investments -8-1660-1-4-11-17-7
Others -4-2-1-14-2922350
Cash Flow From Financing Activity 2-4-1313-8-14-11-485
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00091-5-5-3911
Interest Paid -1-2-1-1-1-3-200-2
Dividend Paid -7-7-7-1-1-4-300-3
Others 105-57-7-2-1-1-1-1
Net Cash Flow -2779-2251113-65
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1318.0114.068.4912.8714.9119.8120.2523.6422.57
ROCE (%)17.8522.6217.8312.114.6316.924.132831.9630.3
Asset Turnover Ratio3.552.682.042.011.442.041.851.431.941.95
PAT to CFO Conversion(x)11.271.780.671.62.331.441.30.580.67
Working Capital Days
Receivable Days26333227382729322329
Inventory Days891515201314232122
Payable Days19233336543652754539

Kothari Petrochemicals Ltd Stock News

Kothari Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kothari Petrochem on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Kothari Petrochem stood at ₹719.4.
The latest P/E ratio of Kothari Petrochem as of 01-Jan-1970 05:30 is 11.65.
The latest P/B ratio of Kothari Petrochem as of 01-Jan-1970 05:30 is 2.99.
The 52-week high of Kothari Petrochem is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kothari Petrochem is ₹572.1 ( Cr.) .

About Kothari Petrochemicals Ltd

Kothari Petrochemicals Ltd. is a part of the renowned HC Kothari Group, the largest producer of premium quality Polybutene in India. Since their founding in 1990, the company has enjoyed a strong market position in India with a rapidly growing brand across the globe that represents quality, customer responsiveness, dependability and a commitment to the environment.

In the financial year 2007-2008, Kothari Petrochemicals commissioned a second plant in Manali that doubled their production capacity to 22,000 MT per annum in order to supply Polybutene worldwide. They have offices in Chennai, Manali, Mumbai and Belgium, and supply to customers in 20 countries around the world. In the year 2007-2008, the company undertook aggressive restructuring of its leadership team, business processes and culture to strengthen its position as a trusted brand worldwide. The restructuring actions have resulted in improved operating efficiency, superior global consistency, and strengthened financial performances. They have metamorphosed from a regional company to a global business and continue to implement best practices that are shared and implemented globally. Innovation and technology improvements remain the industry’s most critical competitive factor. Continued investment and acceleration in them have resulted in high quality levels of their products that are unmatched in India, and at parity with the leading global suppliers of polybutene. An ISO 9000 and ISO 14000 certification only adds value to their statement. The company's products have been tested and certified by major customers, such as Infineum, Lubrizol, Shell and Exxon, and are used across a wide range of industries worldwide.  

With every industry, requirements and needs change. Their Polybutene works for various applications in multitudinous industries across the globe. Marketed worldwide under the KVIS brand name, their product has time and again delivered the goods and exceeded their clients’ expectations to no measure.   Kothari Petrochemicals Health, Safety and Environment strategy is based on active involvement of every employee. As part of the HC Kothari Group, which has significant interests in green energy research and development, they are committed to being an environmentally friendly producer of products, which in turn are cleaner and non-toxic.   The versatile applications of the Polybutene (special grades) have incited a potent demand for its derivatives across Asia Pacific, Middle East, Far Eastern Countries and USA. The strongest growth in Polybutene demand is in Asia, a region in which Kothari has grown as a trusted supplier to many large companies, such as Exxon Mobil, Infineum, Chevron, BP Castrol and Lubrizol.

Product range of the company includes:

KVIS is the trade name of polybutene produced by Kothari Petrochemicals. KVIS is a linear polymer of isobutylene of different molecular weights, and possesses excellent resistance to oxidative and thermal degradation. Polybutene is chemically inert, hydrophobic and impermeable to water vapour or gas.

The KVIS is a synthetic liquid polymer, which is a straight chain hydrocarbon structure of polybutene that is produced in a variety of grades through a rigid low temperature polymerization process. It is derived from raw material consisting of mainly Isobutylene. The compact straight chain structure results in brilliant moisture and barrier properties and is soluble in a wide range of organic solvents.

  • KVIS-10
  • KVIS-30
  • KVIS-100
  • KVIS-200

All KVIS grades are colourless (water white), non-staining and have little or no odour and are mostly used in applications where low temperature flexibility is a requirement.

Achievements/ recognition:

  • Quality Management System (ISO 9001:2000)
  • Environmental Management System (ISO 14001: 2004)
  • Kothari Petrochemicals’ “KVIS” brand polybutene products have undergone quality testing and have been approved by numerous international and Indian organizations.
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