Kothari Products Ltd

Kothari Products Ltd

₹ 140 -1.31%
24 Jun - close price
About

Incorporated in 1983, Kothari Products Ltd is in the business of Real Estate and International Trade[1]

Key Points

Business Overview:[1]
KPL is a flagship company of the Kothari Group. It was originally in the business of manufacturing of Pan Masala and Gutka under the famous brand Pan Parag. Currently, it is in the business of Real Estate, Investments and International Trade.

  • Market Cap 417 Cr.
  • Current Price 140
  • High / Low 187 / 99.5
  • Stock P/E 12.8
  • Book Value 401
  • Dividend Yield 0.00 %
  • ROCE 2.92 %
  • ROE 2.76 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.35 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -29.6% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 1.73% over last 3 years.
  • Contingent liabilities of Rs.442 Cr.
  • Earnings include an other income of Rs.44.9 Cr.
  • Company has high debtors of 252 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
958 1,567 756 512 562 414 324 326 323 224 266 226 276
985 1,564 753 517 564 418 328 324 344 224 268 226 278
Operating Profit -27 3 2 -5 -2 -4 -4 2 -21 1 -3 0 -2
OPM % -3% 0% 0% -1% -0% -1% -1% 1% -7% 0% -1% 0% -1%
110 21 5 9 20 10 11 8 22 15 5 10 15
Interest 11 10 9 6 6 3 4 3 4 2 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 0 0 0 1
Profit before tax 72 13 -2 -3 11 3 3 7 -3 13 0 9 11
Tax % -0% 45% 20% 73% 10% 24% 70% 24% 9% 10% -19% -2% -0%
72 7 -2 -1 10 2 1 5 -3 12 0 9 11
EPS in Rs 24.19 2.44 -0.62 -0.26 3.36 0.71 0.31 1.73 -1.01 3.92 0.15 2.98 3.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,044 5,748 6,634 6,866 6,334 6,367 5,719 4,113 3,117 3,397 1,387 992
4,888 5,610 6,478 6,680 6,160 6,264 5,576 4,171 3,200 3,386 1,403 996
Operating Profit 156 138 156 186 175 103 143 -58 -83 11 -16 -3
OPM % 3% 2% 2% 3% 3% 2% 2% -1% -3% 0% -1% -0%
17 10 9 -2 21 13 81 166 76 43 41 45
Interest 41 53 54 75 78 45 59 50 43 32 13 6
Depreciation 2 2 2 3 3 3 3 3 3 3 2 2
Profit before tax 129 93 109 106 115 68 162 55 -54 19 9 33
Tax % 33% 32% 32% 37% 34% 19% 24% 37% -4% 24% 44% 3%
87 63 74 67 76 55 124 35 -56 15 5 32
EPS in Rs 29.32 21.19 24.95 22.47 25.37 18.55 41.41 11.64 -18.87 4.92 1.74 10.89
Dividend Payout % 15% 6% 16% 13% 12% 8% 2% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -30%
3 Years: -32%
TTM: -28%
Compounded Profit Growth
10 Years: -6%
5 Years: -23%
3 Years: 33%
TTM: 301%
Stock Price CAGR
10 Years: -1%
5 Years: 14%
3 Years: 18%
1 Year: 36%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: 2%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 7 7 20 30 30 30 30 30 30 30 30 30
Reserves 735 792 840 868 928 983 1,100 1,141 1,030 1,053 1,124 1,166
330 324 265 395 283 528 1,141 1,105 1,025 343 275 82
2,737 3,231 4,104 3,476 2,648 2,023 1,017 532 464 341 51 55
Total Liabilities 3,809 4,353 5,229 4,769 3,889 3,563 3,288 2,808 2,549 1,767 1,479 1,333
54 61 59 35 86 147 166 164 81 79 70 47
CWIP 0 0 0 0 0 0 1 0 0 0 0 15
Investments 1,683 1,771 2,057 1,873 273 338 50 24 12 59 236 325
2,072 2,521 3,112 2,862 3,529 3,078 3,070 2,620 2,456 1,630 1,173 946
Total Assets 3,809 4,353 5,229 4,769 3,889 3,563 3,288 2,808 2,549 1,767 1,479 1,333

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-123 126 295 -224 12 -781 -1,272 -63 120 670 241 162
132 -98 -283 232 135 550 814 59 74 13 -168 35
90 -54 -103 57 -190 189 548 -89 -138 -714 -81 -198
Net Cash Flow 99 -26 -90 65 -42 -41 90 -93 56 -31 -8 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 109 121 138 124 97 107 150 187 240 136 215 252
Inventory Days 14 13 11 12 11 13 10 13 0 1 2 2
Days Payable 153 170 173 175 156 117 66 44 50 34 11 17
Cash Conversion Cycle -31 -36 -24 -39 -49 2 94 155 190 103 206 238
Working Capital Days -67 -60 -63 -43 27 33 106 164 202 112 257 294
ROCE % 16% 13% 14% 15% 15% 8% 12% 5% -2% 3% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
25.01% 25.01% 25.01% 25.00% 25.01% 25.00% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01%
No. of Shareholders 8,3669,1868,9778,6568,6067,9387,9197,9288,2888,5918,7349,971

* 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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