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Kothari Products Ltd (KOTHARIPRO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530299 NSE: KOTHARIPRO Trading | Small Cap | Kothari Products Share Price

₹68.02 0.00 (0.00%)

As on 11-Jun'26 16:59

Kothari Products Ltd (KOTHARIPRO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530299 NSE: KOTHARIPRO Trading | Small Cap | Kothari Products Share Price

₹68.02 0.00 (0.00%)

As on 11-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹413 Cr.
Current Price
₹68
52-Week Low / High
₹55 / 109
TTM EPS
₹5.8
TTM Sales
₹328 Cr.
Book Value per Share
₹176
P/E Ratio
11.86
Lower than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
0.39
In line with its 5-year historical median
Price to Sales (P/S)
1.26
In line with its 5-year historical median
EV/EBITDA
19.61
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
5.39%
Outperforms industry median
Return on Capital Employed (ROCE)
5.78%
Outperforms industry median
Return on Assets (ROA)
4.71%
Operating Profit Margin
-11.3%
Net Profit Margin
17.55%
Gross Profit Margin
19.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
6.39%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
338.4%
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹991 Cr.
Equity
₹59.7 Cr.
Face Value
₹10
All Time Low / High
₹7.78 / 136.20

Kothari Products stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Kothari Products Ltd a good quality company?
Kothari Products Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Kothari Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kothari Products Ltd vs industry peers?
Kothari Products Ltd revenue CAGR is -33.78%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Kothari Products Ltd?
Promoters hold 74.99% of the Kothari Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kothari Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.2% based on the current price.

10 Year X-Ray :

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 Products Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.7%16.4%7.2%3.6%5.4%3%2.6%0.7%1.7%5.8%-
Value Creation
Index
0.10.2-0.5-0.8-0.6-0.8-0.8-1.0-0.9-0.6-

Growth Parameters

Sales 4,6454,3524,2253,2302,3851,7071,079287285304328
Sales YoY Gr.--6.3%-2.9%-23.6%-26.2%-28.4%-36.8%-73.4%-0.6%6.4%-
Adj EPS 12.1912.15.3-4.13.5-1.30.61.60.35.8
YoY Gr.--26%35.2%-56.6%-178.5%NA-137.2%NA186%-82.8%-
BVPS (₹) 129.1138.1145.3146.3151.4158.1159159.2161.3170.2176
Adj Net
Profit
72.253.472.331.4-24.621-7.83.49.81.735
Cash Flow from Ops. -13429.8-511-1,22376.9-12191528.152-23.8-
Debt/CF from Ops. -0.43.7-0.6-0.69.1-4.20.13.31.1-5.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -26.1%-33.8%-34.5%6.4%
Adj EPS -34.2%NANA-82.8%
BVPS3.1%2.4%2.3%5.5%
Share Price -2.1% 9.6% 10.1% -19.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.56.78.53.6-2.82.3-0.80.410.23.4
Op. Profit
Mgn %
3.22.72.61.1-1.70.5-0-6.2-2-11.3-10.9
Net Profit
Mgn %
1.61.21.71-11.2-0.71.23.40.610.6
Debt to
Equity
0.10.10.40.80.80.50.10.10.10.10
Working Cap
Days
173187186202224279295549431427185
Cash Conv.
Cycle
-41-66-5038147220215204148116114

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4,6454,3524,2253,2302,3851,7071,079287285304
Operating Expenses + 4,5254,2354,1643,2442,4291,7311,079309291384
Manufacturing Costs1221211212
Material Costs4,4734,1474,0823,1832,3711,6911,062277278299
Employee Cost 2232322323
Other Costs 49847757533714281080
Operating Profit 12011762-14-44-24-0-22-6-80
Operating Profit Margin (%) 2.6%2.7%1.5%-0.4%-1.8%-1.4%-0.0%-7.6%-2.1%-26.3%
Other Income + 1429176613371353225145
Exceptional Items 0000000000
Interest 48482633363423545
Depreciation 2222222222
Profit Before Tax 8496511751121031357
Tax 28316-41725214
Profit After Tax 55654420349511253
PAT Margin (%) 1.2%1.5%1.0%0.6%1.4%0.6%0.5%0.5%4.3%17.6%
Adjusted EPS (₹)9.310.87.43.45.71.60.90.32.08.9
Dividend Payout Ratio (%)16.20%13.90%10.10%14.70%0%0%0%0%0%0%

Valuation of Kothari Products - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7708248678739049449499509621,016
Share Capital 30303030303030303060
Reserves 741794837843874914919920933956
Debt +49110329728702508899249128
Long Term Debt011002525714814
Short Term Debt4911032872870248364211114
Minority Interest0000000000
Trade Payables2,3921,9301,418386367810263041
Others Liabilities 36910667-7879101818
Total Liabilities 3,5812,9702,6811,9801,6501,5371,0571,0781,0591,203

Fixed Assets

Net Fixed Assets +1110131212111110911
Gross Block24242323242526262326
Accumulated Depreciation13141011121415151415
CWIP 0001000010
Investments 1,371483570295269174517646725688
Inventories76454316638647
Trade Receivables1,7571,0831,1261,3111,0121,156192153126123
Cash Equivalents 51163898228452931441
Others Assets 3151,185841263322148301260181333
Total Assets 3,5812,9702,6811,9801,6501,5371,0571,0781,0591,203

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -13430-511-1,22377-1219152852-24
PBT 8496511751121031357
Adjustment 17-2121322-1625-3-9-67
Changes in Working Capital -212-19-557-126328-1158683250-10
Tax Paid -22-26-26-9-4-212-4-3-4
Cash Flow From Investing Activity + 277-513008958569-545-38-5-25
Capex -3-1-9-1-0-1-15-6-6
Net Investments 308-1614428039065-44-127-76-83
Others -28110-13393-45-500837764
Cash Flow From Financing Activity + -12712182360-19671-385-1-3672
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -27-48-26-33-36-33-23-4-4-4
Dividend Paid -220-9-4-300000
Others -7861217398-157105-3623-3376
Net Cash Flow 16-9-2932-3419-16-111124

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.338.095.222.343.831.010.540.161.275.39
ROCE (%)15.6716.397.23.575.412.952.630.741.75.78
Asset Turnover Ratio1.251.331.51.391.311.070.830.270.270.27
PAT to CFO Conversion(x)-2.440.46-11.61-61.152.26-13.44183284.33-0.45
Working Capital Days
Receivable Days140.10119.1095.40137.70177.80231.80227.90219.20178.30149.80
Inventory Days5.705.103.803.401.700.901.808.606.106.80
Payable Days188.50190.20149.70103.4032.5012.3015.102436.9043.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kothari Products Ltd FAQs

The current trading price of Kothari Products on 11-Jun-2026 16:59 is ₹68.02.

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 10-Jun-2026 the market cap of Kothari Products stood at ₹413.5 Cr

The latest P/E ratio of Kothari Products as of 10-Jun-2026 is 11.86.

The latest P/B ratio of Kothari Products as of 10-Jun-2026 is 0.39.

The 52-week high of Kothari Products is ₹108.5 and the 52-week low is ₹55.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kothari Products is ₹328 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kothari Products Ltd is a below average quality company.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kothari Products Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Kothari Products Ltd

The name Pan Parag does not need any introduction yet its originating flagship company – Kothari Products Limited (KPL) – continues evolving many more business as well as charitable activities. Pan Parag Paan Masala was incorporated on 18 of August, 1973. Further, it expanded business to Zarda, 7-Up Coconut Oil, Budget Detergent, amd other products.

It will not be out of place to mention that Pan Parag virtually popularised and boosted the tradition to chew a mouth freshener after meals. Later, presenting Pan Parag to guests became an integral part of traditional welcome during social, auspicious and festive occasions like friendly meetings, marriages, parties, business meetings and festivals.

Subsequently, the Kothari Group has not looked back – it diversified into multiple businesses, social activities, sponsors of event and the turnover has been to the tune of Rs.300 Crores.

The product range of the company includes: Pan Parag Supreme, Parag Pan Masala, Pan Parag Gutkha, Pan Parag Gold Gutkha, Parag One 2 One Zafrani Zarda, Pan Parag Double Horse Khaini, Parag Scented Supari, etc.

Charitable & Social Activities undertaken by the company

  • The trust sponsored test cricketer Gopal Sharma to play league matches in England.
  • The trust constructed Shree Mahadev Bhai Rajpal Kothari Gujarat Bhawan at Kanpur in 1994.
  • The trust started the premier school S M Kothari International School on 1st Sept., 2004 at Noida to impart world class education to the Indian society. similar premier schools are coming up in major urban cities of India.
  • The trust donated a machine for orthropaedic surgery in the year 1997-98 to Leela Mani Hospital, Kanpur.
  • The trust donated a school bus to Gujarati Education Society (Regd.) Delhi in the year 2002.
  • The trust donated a laser machine for eye surgery to Lala Dataram Khandelwal Eye Hospital, Bithoor in the year 2003.
  • The trust is going to lay foundation stone of another school at Lonavala, near Mumbai which would be another international standards education centre.
  • The trust has proposition to start with world class schools at Ahmedabad, Bangalore, Kanpur and Kolkata.
  • In wake of the tsunami disaster, which struck havoc in many districts of India on December 26, 2004, Kothari group has donated Rs 11.5 lakh to goverment agencies. All the employees of Kothari Group also donated one day salary to this fund.

Awards and Achievments

  • The chairman Shri M.M. Kothari was presented National Awards in 1987 by the then President of India, Late Sri Gyani Zail Singh.
  • The chairman Shri M.M. Kothari was also presented National Citizen Award in 1989 by the Ex-Prime Minister of India, Late Sri Rajeev Gandhi.
  • Managing director Shri Deepak Kothari has received the award - Gaurav Ratna Puruskar (Gold Medal) in the year 1992 from the NRI Institute in Bangkok,
  • Managing director Shri Deepak Kothari has received the award – Vikas Ratna Puraskar in the year 1992.
  • Shri Deepak Kothari was nominated as a director of Indian government airlines – Air India as well as Indian Airlines – by Government of India.
  • Kothari Products Limited has received FMCG Award 2003 for Parag Supari, Parag Sada and Pan Parag Premium Supreme by AMFG at New Delhi on 28th May, 2003

Other details

  • Pan Parag had sponsored the programme Pan Parag Zee Cine Awards at Dubai in the year 2004.
  • Pan Parag had sponsored the programme Pan Parag India Today – Khattee Meethi Baat at hotel Taj, Lucknow (Participents Rajnath Singh and Amar Singh with Editor Prabhu Chawla) on 5th September, 2004.
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