Kothari Industrial Corporation Ltd
Incorporated in 1970, Kothari Industrial Corporation Ltd manufactures fertilizers,
FMCG and Health Care products[1]
- Market Cap ₹ 4,489 Cr.
- Current Price ₹ 420
- High / Low ₹ 625 / 56.1
- Stock P/E
- Book Value ₹ 25.4
- Dividend Yield 0.00 %
- ROCE -12.6 %
- ROE -17.2 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 44.0 to 23.3 days.
Cons
- Stock is trading at 17.1 times its book value
- Company has low interest coverage ratio.
- Working capital days have increased from -284 days to 455 days
* 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
Commodities Chemicals Fertilizers & Agrochemicals Fertilizers
Part of BSE SmallCap BSE Allcap BSE Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 18 | 18 | 12 | 9 | 10 | 14 | 87 | |
| 21 | 20 | 13 | 13 | 16 | 34 | 101 | |
| Operating Profit | -3 | -3 | -1 | -4 | -7 | -20 | -14 |
| OPM % | -14% | -15% | -10% | -39% | -70% | -146% | -16% |
| 4 | -4 | 1 | 3 | -2 | 63 | 1 | |
| Interest | 0 | 0 | 0 | 10 | 11 | 3 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | -7 | -1 | -11 | -20 | 40 | -16 |
| Tax % | 0% | 0% | 0% | 1% | 0% | 21% | 0% |
| 1 | -7 | -1 | -11 | -20 | 32 | -16 | |
| EPS in Rs | 0.49 | -5.65 | -0.54 | -8.80 | -15.84 | 25.38 | -1.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 109% |
| TTM: | 535% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -10% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 663% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 6 | 46 | 53 |
| Reserves | 4 | -4 | -4 | -37 | -57 | 2 | 134 | 218 |
| 13 | 13 | 13 | 63 | 73 | 33 | 5 | 12 | |
| 56 | 44 | 45 | 11 | 23 | 10 | 14 | 28 | |
| Total Liabilities | 82 | 63 | 64 | 46 | 48 | 52 | 200 | 311 |
| 59 | 42 | 42 | 27 | 28 | 30 | 39 | 73 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99 |
| 23 | 21 | 22 | 19 | 20 | 22 | 161 | 140 | |
| Total Assets | 82 | 63 | 64 | 46 | 48 | 52 | 200 | 311 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 1 | -26 | 1 | -22 | 1 | -35 | ||
| -0 | 24 | 0 | 4 | -0 | 111 | ||
| -1 | 2 | -1 | 18 | -1 | -75 | ||
| Net Cash Flow | -0 | -0 | -0 | -0 | 0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 122 | 154 | 87 | 104 | 5 | 23 |
| Inventory Days | 48 | 37 | 58 | 111 | 120 | 56 | 38 |
| Days Payable | 319 | 200 | 285 | 119 | 86 | 16 | 38 |
| Cash Conversion Cycle | -171 | -40 | -74 | 79 | 137 | 45 | 23 |
| Working Capital Days | -879 | -659 | -1,026 | -62 | -429 | -879 | 455 |
| ROCE % | -9% | -4% | -11% | -20% | -170% | -13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Nov
-
Receipt Of 'In-Principle' Approval Under Regulation 28(1) Of The SEBI (LODR), Regulations, 2015 From BSE Limited For Proposed Issue Of 1711068 Equity Shares Of The Company On Preferential Basis
15 Nov - BSE granted in-principle approval for preferential issue of 1,711,068 shares at Rs.207 each.
-
Results-Standalone And Consolidated Un-Audited Financial Results For The Quarter And Half-Year Ended 30Th September 2025
14 Nov - Acquired 30% of Phoenix Kothari (29 Sep 2025) for Rs99.06 crore; auditor flagged legal, TDS Rs8.67 lakh.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 14.11.2025
14 Nov - Acquired 30% of Phoenix Kothari Footwear for Rs99.06 crore; auditor flagged TDS default Rs8.67 lakh and pending litigation
-
Board Meeting Intimation for To Consider And Approve Standalone And Consolidated Un-Audited Financial Result For The Quarter And Half Year Ended 30Th September 2025.
3 Nov - Board meeting on Nov 14, 2025 to approve Q2/H1 FY2026 unaudited results for quarter/half year ended 30 Sep 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Aug 2025TranscriptNotesPPT
Business Overview:[1][2]
The company produced Single Super Phosphate at its Ennore, Chennai unit. Production was discontinued due to a scarcity of quality raw materials and a lack of working capital. The company offered M/s. Coromandal International Ltd to operate the facilities on a lease basis, as they are in a similar business.
Currently, company has leased out its factory to M/s. Coromandel International Ltd for business arrangements and modernization of factory for 5 years; starting from FY21.