Kothari Petrochemicals Ltd

Kothari Petrochemicals Ltd

₹ 142 -1.14%
24 Jun - close price
About

Incorporated in 1990, Kothari Petrochemicals Ltd is the manufacturer of PolyIso Butylene[1]

Key Points

Business Overview:[1][2][3]
KPL, part of the HC Kothari Group, is India's largest producer of various grades of Polyisobutylene (PIB), used in lube oil, plastic, paint, and rubber industries. With offices in Chennai, Manali, and Mumbai, KPL supplies to customers in 20 countries. The company focuses on Low Molecular Weight PIB products.

  • Market Cap 833 Cr.
  • Current Price 142
  • High / Low 170 / 75.0
  • Stock P/E 13.0
  • Book Value 41.9
  • Dividend Yield 0.88 %
  • ROCE 41.9 %
  • ROE 29.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 39.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%

Cons

  • Working capital days have increased from 38.0 days to 63.4 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

Sector: Petrochemicals Industry: Petrochemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
70 74 91 106 111 74 130 142 137 149 162 125 168
60 64 76 92 99 69 116 122 118 126 134 105 142
Operating Profit 10 11 15 13 11 4 14 20 19 22 27 20 26
OPM % 14% 14% 16% 13% 10% 6% 11% 14% 14% 15% 17% 16% 15%
1 1 -0 1 1 2 2 2 2 2 2 2 2
Interest 0 0 0 0 0 0 1 1 1 1 0 0 0
Depreciation 1 1 1 1 1 2 2 2 2 2 2 2 2
Profit before tax 9 10 13 13 10 4 13 19 19 22 27 20 26
Tax % 33% 27% 26% 31% 30% 28% 29% 29% 29% 29% 31% 30% 42%
6 7 10 9 7 3 10 13 13 16 19 14 15
EPS in Rs 1.09 1.24 1.63 1.54 1.19 0.51 1.62 2.29 2.24 2.66 3.15 2.45 2.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
237 334 277 212 219 195 300 273 227 382 482 603
229 321 259 196 207 177 279 246 193 332 425 507
Operating Profit 8 12 18 15 12 18 21 28 34 50 57 96
OPM % 3% 4% 7% 7% 5% 9% 7% 10% 15% 13% 12% 16%
3 3 3 3 3 2 2 4 4 2 7 8
Interest 1 1 2 1 2 1 3 2 1 1 3 1
Depreciation 2 2 3 3 3 4 5 6 6 6 7 8
Profit before tax 7 12 16 14 10 14 16 24 31 46 55 95
Tax % 30% 34% 31% 36% 42% 34% 24% 25% 28% 29% 29% 33%
5 8 11 9 6 10 12 18 23 33 39 64
EPS in Rs 0.89 1.34 1.92 1.56 0.99 1.63 2.07 3.11 3.83 5.59 6.66 10.84
Dividend Payout % 85% 75% 52% 64% 51% 46% 24% 0% 0% 0% 19% 16%
Compounded Sales Growth
10 Years: 6%
5 Years: 15%
3 Years: 39%
TTM: 25%
Compounded Profit Growth
10 Years: 23%
5 Years: 39%
3 Years: 42%
TTM: 68%
Stock Price CAGR
10 Years: 27%
5 Years: 53%
3 Years: 51%
1 Year: 90%
Return on Equity
10 Years: 21%
5 Years: 24%
3 Years: 26%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 59 59 59 59 59 59 59 59 59 59 59 59
Reserves 1 2 5 8 12 19 26 41 64 97 133 187
8 18 23 18 34 34 27 8 4 12 23 0
28 31 31 26 28 31 37 38 44 55 55 72
Total Liabilities 97 111 118 110 133 144 150 146 171 223 270 319
48 47 52 53 63 95 99 99 96 93 121 130
CWIP 0 6 2 2 6 0 1 0 3 18 3 1
Investments 3 11 12 6 0 0 0 4 15 33 41 74
45 47 53 50 64 48 50 43 57 79 105 114
Total Assets 97 111 118 110 133 144 150 146 171 223 270 319

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 14 14 16 4 16 28 26 30 19 26 72
9 -12 -3 4 -8 -29 -8 -4 -14 -32 -26 -44
-8 2 -4 -13 13 -8 -14 -11 -4 8 5 -33
Net Cash Flow 1 4 7 7 9 -22 5 12 13 -6 5 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 33 34 31 28 33 41 27 28 30 28 36 36
Inventory Days 20 8 17 22 24 33 17 23 50 38 38 30
Days Payable 28 19 22 36 39 58 40 53 80 49 40 41
Cash Conversion Cycle 25 23 26 15 18 16 4 -2 0 17 34 24
Working Capital Days 25 20 23 19 26 28 5 5 8 18 33 63
ROCE % 11% 18% 22% 18% 12% 15% 17% 23% 28% 33% 29%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98% 70.98%
0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.07% 0.07% 0.00% 0.00% 0.00% 0.01%
0.16% 0.16% 0.23% 0.16% 0.24% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
28.85% 28.85% 28.77% 28.85% 28.77% 28.79% 28.85% 28.85% 28.93% 28.93% 28.92% 28.91%
No. of Shareholders 15,22022,97522,56642,68241,87140,18238,80237,15536,27036,45936,50137,198

* 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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