Kothari Fermentation & Biochem Ltd Stock Analysis

BSE: 507474 | NSE: | Consumer Food | Small Cap

BSE Share Price Jan 17, 18:01
86.25 6.90 (8.70%)

DeciZen - Make an Informed Decision on Kothari Fermentn&Bio

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

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.

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.5%7.1%3.3%5.1%6.7%8.6%12.1%15.6%9%7.7%-
Value Creation Index -0.5-0.5-0.8-0.6-0.5-0.4-0.10.1-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 35.343.950.664.377.279.187.796.296.795.695
YoY Gr. Rt. %-24.6%15.3%27.1%20%2.5%10.9%9.7%0.6%-1.2%-
Adj EPS 1.11.10.30.61.32.23.65.83.73.23.5
YoY Gr. Rt. %-5.6%-77.9%148%108.1%66.7%65.6%63.2%-35.6%-14.4%-
BVPS (₹) 17.418.518.719.320.522.626.2323740.240.7
Adj Net Profit 1.61.70.40.91.93.25.38.75.64.85
Cash Flow from Ops. 6.23.45.45.29.49.810.711.8715.1-
Debt/CF from Ops. 1.13.122.21.81.91.524.92.6-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 11.7%4.4%2.9%-1.2%
Adj EPS 12.9%19.9%-3.5%-14.4%
BVPS 9.814.415.48.5
Share Price 25.3% 10.6% 9.2% 65.7%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 6.46.31.43.36.51014.62010.88.38.7
Op. Profit Mgn % 13.110.9777.811.213.618.5151516.2
Net Profit Mgn % 4.63.90.81.42.54.16.19.15.855.6
Debt to Equity 0.30.40.40.40.50.50.40.50.60.70.4
Working Cap Days 169139125987771616289105118
Cash Conv. Cycle 484943353536293253660

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.65

Return on Equity has declined versus last 3 years average to 8.70%

Sales growth has been subdued in last 3 years 2.90%

Net Profit has been subdued in last 3 years -3.49%

Sales growth is not so good in last 4 quarters at -4.16%

Latest Financials - Kothari Fermentation & Biochem Ltd.

Standalone Consolidated
TTM EPS (₹) 3.5 -
TTM Sales (₹ Cr.) 95.3 -
BVPS (₹.) 40.7 -
Reserves (₹ Cr.) 46 -
P/BV 2.12 -
PE 24.43 -
From the Market
52 Week Low / High (₹) 43.05 / 112.90
All Time Low / High (₹) 0.25 / 112.90
Market Cap (₹ Cr.) 129
Equity (₹ Cr.) 15
Face Value (₹) 10
Industry PE 58.7

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.3513.3513.3513.3513.3513.3513.3513.3513.350.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Kothari Fermentation & Biochem Ltd

Kothari Fermentation & Biochem was incorporated on December 26, 1990 and has been engaged in the manufacture of yeast and its derivatives.

The company is located in the Bulandshahar district of Uttar Pradesh. Yeast and its derivatives find application in the manufacture of bread, brewing of beer, and as a source of vitamin in food products and pharmaceuticals. Distiller yeast improvers manufactured by the company are used by distilleries manufacturing alcohol using cane molasses and non-molasses as raw material.

Yeast extract paste and powder are sold as premium products to the food, biotechnology and pharmaceutical industries under the brand name Sunrise. The company had made a reference to the Board for Industrial and Financial Reconstruction (BIFR) in September 2002 and was declared a sick industrial company on November 9, 2005. In view of the rehabilitation scheme (package), sanctioned by BIFR in August 2008, the company is restructuring its equity capital base.

Business areas of the company:

The manufacturing unit of the company produces various kinds of yeast including compressed yeast, dried yeast, distiller yeast improvers, extract paste and extract powder.

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