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Kothari Petrochemicals Ltd (KOTHARIPET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532096 NSE: KOTHARIPET Petrochemicals | Small Cap | Kothari Petrochem Share Price

BSE Share Price
Not Listed

Kothari Petrochemicals Ltd (KOTHARIPET)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532096 NSE: KOTHARIPET Petrochemicals | Small Cap | Kothari Petrochem Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹729 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹12.3
TTM Sales
₹591 Cr.
Book Value per Share
₹63.2
P/E Ratio
10.06
Lower than its 5-year historical median
Industry PE
39.2
Price to Book (P/B)
1.96
Lower than its 5-year historical median
Price to Sales (P/S)
1.23
Lower than its 5-year historical median
EV/EBITDA
6.70
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
23.85%
Outperforms industry median
Return on Capital Employed (ROCE)
30.15%
Outperforms industry median
Return on Assets (ROA)
18.87%
Operating Profit Margin
13.9%
Net Profit Margin
11.4%
Gross Profit Margin
15.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.12%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-16.52%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.2%
Asset Quality
Promoter Holding
72.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹313 Cr.
Equity
₹58.9 Cr.
Face Value
₹10
All Time Low / High
₹0.65 / 9.50

Kothari Petrochemicals stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Kothari Petrochemicals Ltd a good quality company?
Kothari Petrochemicals Ltd is a good quality company, based on a consistently good 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 Petrochemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kothari Petrochemicals Ltd vs industry peers?
Kothari Petrochemicals Ltd revenue CAGR is 14.81%, compared to the industry median CAGR of 9.37%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kothari Petrochemicals Ltd?
Promoters hold 72.22% of the Kothari Petrochemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kothari Petrochemicals Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 24.21% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.8%12.1%14.6%16.9%24.1%28%32%30.3%41.8%30.2%-
Value Creation
Index
0.3NANANANANANANANANA-

Growth Parameters

Sales 214219195300273227382482596577591
Sales YoY Gr.-2.8%-11.3%54%-8.9%-17%68.2%26.4%23.6%-3.1%-
Adj EPS 1.40.91.522.93.75.76.310.310.412.3
YoY Gr.--38.2%71.9%32.7%40.4%30.5%52.7%10.4%64.6%0.4%-
BVPS (₹) 11.31213.314.51720.926.432.641.85263.2
Adj Net
Profit
8.55.291216.821.933.536.960.76173
Cash Flow from Ops. 15.83.515.727.526.530.318.526.271.558.8-
Debt/CF from Ops. 1.19.72.110.20.10.60.900-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.7%16.2%14.8%-3.1%
Adj EPS 24.5%29.5%22.2%0.4%
BVPS18.5%25.1%25.3%24.2%
Share Price - 25.4% 16.4% -30.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.97.61214.618.119.62421.227.722.121.4
Op. Profit
Mgn %
7.15.59.17.110.11513.111.816.113.916.4
Net Profit
Mgn %
42.44.646.19.78.87.710.210.612.3
Debt to
Equity
0.30.50.40.30.100.10.1000
Working Cap
Days
6055795455665360596739
Cash Conv.
Cycle
21142011651122222522

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales214219195300273227382482596577
Operating Expenses + 198208177279246193332425500497
Manufacturing Costs21243534393651646564
Material Costs154159120216172129247318376372
Employee Cost 10121212131516172729
Other Costs 13121016221318273232
Operating Profit 15121821283450579680
Operating Profit Margin (%) 7.1%5.5%9.1%7.1%10.1%15.0%13.0%11.8%16.1%13.9%
Other Income + 33223456812
Exceptional Items 000010-21-00
Interest 1213211311
Depreciation 3345666788
Profit Before Tax 14101416243146559582
Tax 54546913163116
Profit After Tax 961012182333396466
PAT Margin (%) 4.3%2.7%4.9%4.1%6.7%9.9%8.6%8.1%10.7%11.4%
Adjusted EPS (₹)1.61.01.62.13.13.85.66.710.811.2
Dividend Payout Ratio (%)64.10%25.30%46.10%24.20%0%0%0%18.80%16.20%0%

Valuation of Kothari Petrochem - 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 + 67717985100123156192247306
Share Capital 59595959595959595959
Reserves 8121926416497133187247
Debt +183428220181500
Long Term Debt091050181500
Short Term Debt18251817000000
Minority Interest0000000000
Trade Payables15171924252833354345
Others Liabilities 11111818201826282928
Total Liabilities 110133144150146171223270319378

Fixed Assets

Net Fixed Assets +53477983839677106115195
Gross Block6949859397117100134148236
Accumulated Depreciation173610152123283340
CWIP 26010318312
Investments 6161617201533417440
Inventories9111110111826333141
Trade Receivables16202222211929475952
Cash Equivalents 1624282159151217
Others Assets 71014108531252831
Total Assets 110133144150146171223270319378

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1641628263019267259
PBT 14101416243146559582
Adjustment 1245545431
Changes in Working Capital 5-611033-20-200-5
Tax Paid -4-2-3-4-6-8-13-13-27-19
Cash Flow From Investing Activity + 4-8-29-8-4-14-32-26-44-43
Capex 000-10-2-5-20-20-15-86
Net Investments 66-0-1-4-11-17-7-2937
Others -1-14-292235-0-05
Cash Flow From Financing Activity + -1313-8-14-11-485-33-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 091-5-5-3911-220
Interest Paid -1-1-1-3-2-0-0-2-1-1
Dividend Paid -7-1-1-4-300-3-9-6
Others -57-7-2-1-1-1-1-0-1
Net Cash Flow 79-2251113-65-68

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.068.4912.8714.9119.8120.2523.6422.5729.1323.85
ROCE (%)17.8312.114.6316.924.132831.9630.341.7630.15
Asset Turnover Ratio2.042.011.442.041.851.431.941.952.021.66
PAT to CFO Conversion(x)1.780.671.62.331.441.30.580.671.130.89
Working Capital Days
Receivable Days31.502737.8026.7028.903222.9028.7032.4035
Inventory Days151519.6012.8014.1023.1020.8022.4019.7022.70
Payable Days32.9036.4054.4036.2051.9075.4045.1038.7037.7043

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 Petrochemicals Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Kothari Petrochem stood at ₹729.2 Cr

The latest P/E ratio of Kothari Petrochem as of 31-Dec-1969 is 10.06.

The latest P/B ratio of Kothari Petrochem as of 31-Dec-1969 is 1.96.

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 ₹591 ( Cr.) .

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

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

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

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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