Kotyark Industries Ltd
Kotyark Industries Limited (Formerly knows as Kotyark Industries Private Limited) is serving towards renewable green energy and sustainable development of renewable natural resources (BioFuels) and through the adoption of environmentally friendly technology that favours the net reduction of greenhouse gas emissions for use in a vehicle for public and private transport as well as various equipment and Gen Sets.[1]
- Market Cap ₹ 1,146 Cr.
- Current Price ₹ 1,115
- High / Low ₹ 1,424 / 420
- Stock P/E 68.9
- Book Value ₹ 70.7
- Dividend Yield 0.45 %
- ROCE 33.6 %
- ROE 27.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%
- Company has been maintaining a healthy dividend payout of 19.1%
Cons
- Stock is trading at 15.8 times its book value
- Promoter holding has decreased over last quarter: -4.63%
- Company might be capitalizing the interest cost
- Debtor days have increased from 19.2 to 39.3 days.
- Working capital days have increased from 66.7 days to 96.3 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: Miscellaneous Industry: Miscellaneous
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|
| 38 | 26 | 65 | 156 | 114 | 189 | |
| 37 | 24 | 62 | 143 | 96 | 162 | |
| Operating Profit | 1 | 2 | 3 | 13 | 18 | 27 |
| OPM % | 2% | 7% | 4% | 8% | 16% | 14% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 0 | 1 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 1 | 1 | 12 | 16 | 23 |
| Tax % | 22% | 29% | 24% | 25% | 26% | |
| 1 | 0 | 1 | 9 | 11 | 17 | |
| EPS in Rs | 6.02 | 5.09 | 10.80 | 10.44 | 13.13 | 19.05 |
| Dividend Payout % | 0% | 0% | 0% | 19% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 64% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 186% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 114% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 8 | 9 | 9 |
| Reserves | 1 | 1 | 2 | 18 | 48 | 53 |
| 3 | 14 | 14 | 4 | 14 | 36 | |
| 4 | 3 | 1 | 1 | 3 | 11 | |
| Total Liabilities | 8 | 19 | 18 | 31 | 73 | 109 |
| 5 | 6 | 6 | 6 | 10 | 41 | |
| CWIP | 0 | 0 | 0 | 0 | 7 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 14 | 12 | 25 | 56 | 67 | |
| Total Assets | 8 | 19 | 18 | 31 | 73 | 109 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 1 | -10 | 2 | -3 | 2 | |
| -4 | -1 | -2 | -1 | -30 | |
| 3 | 11 | -0 | 4 | 28 | |
| Net Cash Flow | -0 | -0 | 0 | 0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 8 | 79 | 1 | 17 | 39 |
| Inventory Days | 17 | 115 | 46 | 22 | 83 |
| Days Payable | 37 | 51 | 1 | 0 | 0 |
| Cash Conversion Cycle | -12 | 143 | 46 | 39 | 122 |
| Working Capital Days | -8 | 141 | 51 | 53 | 96 |
| ROCE % | 12% | 13% | 51% | 34% |
Manufacturing Capacity
Kotyark Industries is engaged in the manufacturing of biodiesel and its by-products, and is one of the key players across the state of Rajasthan in India. Its manufacturing unit at Swaroopganj, Rajasthan has a capacity of producing 500 KL of biodiesel per day (1.825L KLPA) from multi feedstock.[1] The key by-product is crude glycerin. For every 100 liters of
biodiesel produced, approximately 14 liters of crude glycerin is produced as a by-product. [2] The company is operating at very low utilisation of 10-12% currently[3], but intends to reach optimum capacity utilization in coming 3 years[4].