Kothari Petrochemicals Ltd
Incorporated in 1990, Kothari Petrochemicals Ltd is the manufacturer of PolyIso Butylene[1]
- Market Cap ₹ 823 Cr.
- Current Price ₹ 140
- High / Low ₹ 174 / 94.8
- Stock P/E 11.3
- Book Value ₹ 63.3
- Dividend Yield 0.72 %
- ROCE 28.6 %
- ROE 21.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.4% CAGR over last 5 years
Cons
* 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 Chemicals & Petrochemicals Petrochemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 277 | 212 | 219 | 195 | 300 | 273 | 227 | 382 | 482 | 596 | 577 | 591 | |
| 259 | 196 | 207 | 177 | 279 | 246 | 193 | 332 | 425 | 500 | 497 | 494 | |
| Operating Profit | 18 | 15 | 12 | 18 | 21 | 28 | 34 | 50 | 57 | 96 | 80 | 97 |
| OPM % | 7% | 7% | 5% | 9% | 7% | 10% | 15% | 13% | 12% | 16% | 14% | 16% |
| 3 | 3 | 3 | 2 | 2 | 4 | 4 | 2 | 7 | 8 | 11 | 9 | |
| Interest | 2 | 1 | 2 | 1 | 3 | 2 | 1 | 1 | 3 | 1 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 4 | 5 | 6 | 6 | 6 | 7 | 8 | 8 | 9 |
| Profit before tax | 16 | 14 | 10 | 14 | 16 | 24 | 31 | 46 | 55 | 95 | 82 | 97 |
| Tax % | 31% | 36% | 42% | 34% | 24% | 25% | 28% | 29% | 29% | 33% | 20% | 25% |
| 11 | 9 | 6 | 10 | 12 | 18 | 23 | 33 | 39 | 64 | 66 | 72 | |
| EPS in Rs | 1.92 | 1.56 | 0.99 | 1.63 | 2.07 | 3.11 | 3.83 | 5.59 | 6.66 | 10.84 | 11.19 | 12.32 |
| Dividend Payout % | 52% | 64% | 51% | 46% | 24% | 0% | 0% | 0% | 19% | 16% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 21% |
| 3 Years: | 7% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 26% |
| 3 Years: | 24% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 18% |
| 3 Years: | 12% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 24% |
| 3 Years: | 24% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
| Reserves | 5 | 8 | 12 | 19 | 26 | 41 | 64 | 97 | 133 | 187 | 247 | 313 |
| 23 | 18 | 34 | 34 | 27 | 8 | 4 | 12 | 23 | 0 | 3 | 2 | |
| 31 | 26 | 28 | 31 | 37 | 38 | 44 | 55 | 55 | 72 | 69 | 67 | |
| Total Liabilities | 118 | 110 | 133 | 144 | 150 | 146 | 171 | 223 | 270 | 319 | 378 | 442 |
| 52 | 53 | 63 | 95 | 99 | 99 | 96 | 93 | 121 | 130 | 211 | 214 | |
| CWIP | 2 | 2 | 6 | 0 | 1 | 0 | 3 | 18 | 3 | 1 | 2 | 8 |
| Investments | 12 | 6 | 0 | 0 | 0 | 4 | 15 | 33 | 41 | 74 | 40 | 104 |
| 53 | 50 | 64 | 48 | 50 | 43 | 57 | 79 | 105 | 114 | 126 | 115 | |
| Total Assets | 118 | 110 | 133 | 144 | 150 | 146 | 171 | 223 | 270 | 319 | 378 | 442 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 16 | 4 | 16 | 28 | 26 | 30 | 19 | 26 | 72 | 59 | 81 | |
| -3 | 4 | -8 | -29 | -8 | -4 | -14 | -32 | -26 | -44 | -43 | -77 | |
| -4 | -13 | 13 | -8 | -14 | -11 | -4 | 8 | 5 | -33 | -7 | -7 | |
| Net Cash Flow | 7 | 7 | 9 | -22 | 5 | 12 | 13 | -6 | 5 | -6 | 8 | -3 |
| Free Cash Flow | 10 | 12 | 4 | 16 | 28 | 25 | 25 | -2 | 7 | 57 | -27 | 62 |
| CFO/OP | 99% | 132% | 48% | 107% | 147% | 116% | 113% | 62% | 68% | 102% | 98% | 107% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 28 | 33 | 41 | 27 | 28 | 30 | 28 | 36 | 36 | 33 | 38 |
| Inventory Days | 17 | 22 | 24 | 33 | 17 | 23 | 50 | 38 | 38 | 30 | 40 | 27 |
| Days Payable | 22 | 36 | 39 | 58 | 40 | 53 | 80 | 49 | 40 | 42 | 44 | 34 |
| Cash Conversion Cycle | 26 | 15 | 18 | 16 | 4 | -2 | 0 | 17 | 34 | 24 | 29 | 30 |
| Working Capital Days | -7 | -12 | -15 | -5 | -15 | 4 | 5 | 15 | 27 | 25 | 28 | 25 |
| ROCE % | 22% | 18% | 12% | 15% | 17% | 23% | 28% | 33% | 29% | 42% | 30% | 29% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Nameplate Capacity MTPA |
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| PIB Sales Volume MT |
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| Export Sales Share of Revenue % |
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| Top 5 Customer Concentration % of sales |
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| Energy Consumption Intensity TOE per MT of PIB |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
17 July 2026 - Newspaper ad for 37th AGM on 14 Aug 2026; book closure 8–14 Aug and e-voting details.
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Shareholders meeting
17 July 2026 - 37th AGM on 14 Aug 2026 via VC/OAVM; annual report, director reappointment, cost auditor ratification.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2026 - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
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Credit Rating
13 July 2026 - ICRA placed Kothari Petrochemicals’ Rs 47.5 crore bank facilities on watch with developing implications.
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Updates
2 July 2026 - Raw material constraints eased after government directions; operations expected to continue normally.
Annual reports
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Financial Year 2026
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Financial Year 2025
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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
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Business Overview:[1]
Kothari Petrochemicals, part of the HC Kothari Group, is India's largest manufacturer of Polyisobutylene (PIB). Headquartered in Chennai, the company produces various PIB grades for the lubricant, plastic, paint, and rubber industries, serving customers across 20 countries