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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

₹61.99 -0.17 (-0.27%)

As on 12-Oct'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

₹61.99 -0.17 (-0.27%)

As on 12-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹370 Cr.
Current Price
₹62
52-Week Low / High
₹55 / 101
TTM EPS
₹3.4
TTM Sales
₹1,031 Cr.
Book Value per Share
₹194
P/E Ratio
18.25
Lower than its 5-year historical median
Industry PE
37.5
Price to Book (P/B)
0.32
Lower than its 5-year historical median
Price to Sales (P/S)
0.36
Lower than its 5-year historical median
EV/EBITDA
-34.70
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.95%
Outperforms industry median
Return on Capital Employed (ROCE)
3.71%
In line with industry median
Return on Assets (ROA)
2.34%
Operating Profit Margin
-4.3%
Net Profit Margin
3.29%
Gross Profit Margin
-0.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.16%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
74.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,098 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

Weak
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 -20.18%, compared to the industry median CAGR of 0.00%, 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 -2.9% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ16.4%7.2%3.6%5.4%3%2.6%0.7%1.7%5.8%4.1%-
Value Creation
Index ⓘ
0.2-0.5-0.8-0.6-0.8-0.8-1.0-0.9-0.6-0.7-

Growth Parameters ⓘ

Sales ⓘ4,3524,2253,2302,3851,7071,079287285304328440
Sales YoY Gr.--2.9%-23.6%-26.2%-28.4%-36.8%-73.4%-0.6%6.4%8.2%-
Adj EPS ⓘ912.15.3-4.13.5-1.30.61.60.30.37.3
YoY Gr.-35.2%-56.6%-178.5%NA-137.2%NA186%-82.8%-3.6%-
BVPS (₹) ⓘ138.1145.3146.3151.4158.1159159.2161.3170.2176178.3
Adj Net
Profit ⓘ
53.472.331.4-24.621-7.83.49.81.71.643
Cash Flow from Ops. ⓘ29.8-511-1,22376.9-12191528.152-23.8-99.5-
Debt/CF from Ops. ⓘ3.7-0.6-0.69.1-4.20.13.31.1-5.8-1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-25%-28.1%4.6%8.2%
Adj EPS ⓘ-32.2%-40.2%-22.1%-3.6%
BVPSⓘ2.7%2.2%3.4%3.4%
Share Price -3.1% 2.7% 0.4% -26.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
6.78.53.6-2.82.3-0.80.410.20.24.1
Op. Profit
Mgn % ⓘ
2.72.61.1-1.70.5-0-6.2-2-11.3-9.7-11.1
Net Profit
Mgn % ⓘ
1.21.71-11.2-0.71.23.40.60.59.8
Debt to
Equity ⓘ
0.10.40.80.80.50.10.10.10.10.1-
Working Cap
Days ⓘ
187186202224279295549431427478185
Cash Conv.
Cycle ⓘ
-66-5038147220215204148116108114

Valuation of Kothari Products - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6,3346,3675,7194,1133,1171,0791,3879929581,010
Operating Expenses ⓘ + 6,1526,2615,5764,1753,1881,0791,4079961,0901,057
Manufacturing Costs2322212144
Material Costs6,0536,1595,3734,0813,0881,0621,366978938988
Employee Cost 6766525556
Other Costs ⓘ 9093195879414341114359
Operating Profit ⓘ 183106143-62-71-0-20-3-132-48
Operating Profit Margin (%) 2.9%1.7%2.5%-1.5%-2.3%-0.0%-1.5%-0.3%-13.8%-4.7%
Other Income ⓘ + 211379171763543325155
Exceptional Items ⓘ 00000000014
Interest ⓘ 784559504323136610
Depreciation ⓘ 3333322222
Profit Before Tax ⓘ 1236816055-5410933-8939
Tax ⓘ 40133920254155
Profit After Tax 845512135-565532-9433
PAT Margin (%) 1.3%0.9%2.1%0.9%-1.8%0.5%0.4%3.3%-9.8%3.3%
Adjusted EPS (₹)12.79.320.75.8-9.40.96.25.4-16.05.2
Dividend Payout Ratio (%)11.80%8.10%2.40%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 9581,0131,1301,1711,0609491,1541,1961,0961,158
Share Capital ⓘ 29.8429.8429.8429.8429.8429.8429.8429.8459.6959.69
Reserves ⓘ 9289831,1001,1411,0309191,1241,1661,0361,098
Debt +2835281,1411,1051,025892747225598
Long Term Debt8813148550140825146651134
Short Term Debt19539765560461864128714294
Minority Interest00000000290
Trade Payables2,5911,9789654924221040457069
Others Liabilities ⓘ 159125814341912205611
Total Liabilities ⓘ 3,9913,6433,3172,8112,5481,0571,4801,3331,5051,336

Fixed Assets

Net Fixed Assets ⓘ +2683979427112592816
Gross Block4295111109422643244533
Accumulated Depreciation16121415161518151618
CWIP ⓘ 00100001501
Investments ⓘ 3333381189412517236325435552
Inventories1742161421423886723
Trade Receivables1,6791,8622,3442,1032,050192817686452448
Cash Equivalents 2741522301271032943338831
Others Assets ⓘ 1,505992384251354301352259428285
Total Assets ⓘ 3,9913,6433,3172,8112,5481,0571,4801,3331,5051,336
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 12-781-1,272-63120915241162100-63
PBT ⓘ 1156816055-5410933-8939
Adjustment ⓘ 174891331192550-161025
Changes in Working Capital ⓘ -83-864-1476-1475786818614993-106
Tax Paid ⓘ -37-33-47-5-212-5-4-6-1
Cash Flow From Investing Activity ⓘ + 1355508145974-545-16835-12727
Capex 7-64-1714-1613-68
Net Investments 1216148336359-44-80-38-101-107
Others ⓘ 61-1-410-500-9360-20125
Cash Flow From Financing Activity ⓘ + -190189548-89-138-385-81-19851-21
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -77-2-59-46-43-23-10-6-4-9
Dividend Paid ⓘ 0-9-4-3000000
Others ⓘ -112200611-40-94-362-70-19255-12
Net Cash Flow ⓘ -42-4190-9356-16-8-124-57
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.015.6211.333.06-5.050.510.492.76-8.22.95
ROCE (%)15.858.1211.494.64-0.492.11.82.92-6.33.71
Asset Turnover Ratio1.431.671.641.341.160.61.090.710.680.71
PAT to CFO Conversion(x)0.14-14.2-10.51-1.8N/A18348.25.06N/A-1.91
Working Capital Days
Receivable Days115.50101.50134.20197.30243.20379.20132.70276.20216.80162.80
Inventory Days11.4011.2011.4012.608.501.8022.5014.9013.60
Payable Days173.60135.4010065.105474.306.7015.9022.3025.70

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Kothari Products Ltd FAQs

The current trading price of Kothari Products on 12-Oct-2026 16:59 is ₹61.99.

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 11-Oct-2026 the market cap of Kothari Products stood at ₹370.0 Cr

The latest P/E ratio of Kothari Products as of 11-Oct-2026 is 8.55.

The latest P/B ratio of Kothari Products as of 11-Oct-2026 is 0.35.

The 52-week high of Kothari Products is ₹100.6 and the 52-week low is ₹55.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kothari Products is ₹440 ( 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 Weak which suggest that the price of Kothari Products Ltd is likely to Fall 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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