Kothari Fermentation & Biochem Ltd

Kothari Fermentation & Biochem Ltd

₹ 78.0 -1.87%
19 Apr - close price
About

Incorporated in 1990, Kothari Fermentation and Biochem Ltd is a manufacturer of Yeast and its derivatives[1]

Key Points

Product Profile:[1]
a) Fresh Yeast
b) Active Dried Yeast
c) Instant Dried Yeast
d) Inactive Dried Yeast
e) Live Yeast
f) Mono Oligo Saccharides
g) Cell Wall
h) Yeast Extract Powder
i) Distiller Dried Yeast

  • Market Cap 117 Cr.
  • Current Price 78.0
  • High / Low 105 / 43.1
  • Stock P/E
  • Book Value 36.5
  • Dividend Yield 0.00 %
  • ROCE 3.02 %
  • ROE 0.31 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.69% over past five years.
  • Company has a low return on equity of 2.97% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
25.38 24.37 22.53 23.02 24.62 26.85 23.58 24.57 29.82 32.30 25.62 22.69 28.58
19.73 20.20 20.42 19.54 21.84 25.02 21.13 24.25 29.93 26.16 26.09 24.01 25.87
Operating Profit 5.65 4.17 2.11 3.48 2.78 1.83 2.45 0.32 -0.11 6.14 -0.47 -1.32 2.71
OPM % 22.26% 17.11% 9.37% 15.12% 11.29% 6.82% 10.39% 1.30% -0.37% 19.01% -1.83% -5.82% 9.48%
0.04 0.04 0.01 0.03 0.01 0.09 0.02 0.03 0.01 0.13 0.00 0.03 0.00
Interest 0.68 1.09 0.76 0.82 0.84 0.60 0.67 0.65 0.80 0.78 0.84 0.84 0.85
Depreciation 1.28 1.32 1.32 1.56 1.44 1.49 1.44 1.44 1.44 1.50 1.40 1.41 1.41
Profit before tax 3.73 1.80 0.04 1.13 0.51 -0.17 0.36 -1.74 -2.34 3.99 -2.71 -3.54 0.45
Tax % 24.93% 5.56% 75.00% 30.09% 27.45% -394.12% 30.56% 1.15% 0.00% 0.25% 0.74% 1.98% 15.56%
2.80 1.71 0.01 0.78 0.36 -0.84 0.26 -1.72 -2.34 3.99 -2.69 -3.47 0.38
EPS in Rs 1.87 1.14 0.01 0.52 0.24 -0.56 0.17 -1.15 -1.56 2.66 -1.79 -2.31 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
35 44 51 64 77 79 88 96 97 96 97 110 109
31 39 47 60 71 70 76 78 82 81 87 101 102
Operating Profit 5 5 4 4 6 9 12 18 15 14 10 9 7
OPM % 13% 11% 7% 7% 8% 11% 14% 18% 15% 15% 11% 8% 6%
0 0 0 0 0 0 0 0 3 0 0 0 0
Interest 1 1 1 2 1 2 2 2 2 4 3 3 3
Depreciation 1 1 2 2 2 3 3 4 4 5 6 6 6
Profit before tax 2 2 1 1 3 5 7 12 11 6 2 0 -2
Tax % 31% 31% 33% 39% 34% 34% 26% 30% 30% 17% 79% 34%
2 2 0 1 2 3 5 9 8 5 0 0 -2
EPS in Rs 1.07 1.09 0.25 0.57 1.26 2.14 3.55 5.81 5.11 3.21 0.21 0.13 -1.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 5%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: -20%
5 Years: -49%
3 Years: -71%
TTM: 61%
Stock Price CAGR
10 Years: 28%
5 Years: 2%
3 Years: 17%
1 Year: 71%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 3%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 15 15
Reserves 11 13 13 14 16 19 24 33 41 45 46 46 40
7 11 11 12 16 18 16 23 34 39 45 45 52
4 5 6 8 10 13 12 15 16 17 23 26 26
Total Liabilities 37 43 45 49 57 65 67 86 106 116 129 131 133
15 21 21 24 34 43 52 52 74 82 80 74 71
CWIP 5 3 6 6 7 6 1 14 3 7 16 19 24
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
17 19 18 19 16 17 15 20 29 28 33 38 38
Total Assets 37 43 45 49 57 65 67 86 106 116 129 131 133

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 3 5 5 9 10 11 12 7 15 10 6
-7 -6 -4 -5 -13 -10 -7 -17 -16 -17 -13 -3
0 2 -1 -0 3 0 -4 5 8 2 3 -3
Net Cash Flow 0 0 0 0 -1 0 0 -0 -0 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30 27 35 24 22 24 22 26 29 24 21 26
Inventory Days 106 95 56 63 62 68 51 104 174 173 166 145
Days Payable 29 33 40 33 21 41 34 46 54 37 85 79
Cash Conversion Cycle 107 88 51 54 63 51 39 84 149 160 102 92
Working Capital Days 75 71 57 50 28 18 16 21 52 59 66 67
ROCE % 11% 10% 5% 8% 10% 13% 16% 22% 16% 10% 4% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91%
0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.03% 25.08% 25.08% 25.08% 25.08% 25.08% 25.08% 25.09% 25.09% 25.09% 25.09% 25.08%
No. of Shareholders 11,13910,82310,65210,56410,60210,94110,90510,89810,86711,07611,50511,181

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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