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Kothari Petrochem

₹141.6 4.5 | 3.2%

Market Cap ₹833 Cr.

Stock P/E 13.1

P/B 3.3

Current Price ₹141.6

Book Value ₹ 43.4

Face Value 10

52W High ₹170

Dividend Yield 1.24%

52W Low ₹ 61.9

Kothari Petrochem Research see more...

Overview Inc. Year: 1989Industry: Petrochemicals

Kothari Petrochemicals Ltd is an India-based holding business enterprise. The Company is engaged inside the manufacturing of Poly Iso Butene (PIB) and LPG. Its geographical segments are both in India and overseas. It additionally offers merchandise, along with light polymers and others. The Company's products encompass KVIS 10, KVIS 30, KVIS 100 and KVIS 200. Its merchandise are advertised over the world underneath the KVIS logo call. The Company's products are utilized in diverse applications, inclusive of lubricants; adhesives; stretch/silage/hang wrap; sealants and caulks; coatings; polymer amendment; asphalt and rubber; electric cable insulation, and miscellaneous programs. It presents a number of packaging for International Standards Organization (ISO) containers, drums, palletization and various forms of drums. It has places of work in Chennai, Manali, Mumbai and Belgium. The Company's manufacturing plant is positioned in Sathangadu Village, Tiruvottiur-Ponneri High Road, Manali, Chennai.

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Kothari Petrochem Share Price

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Kothari Petrochem Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 106 111 74 130 142 137 149 162 125 168
Other Income 1 1 1 2 2 2 2 2 2 2
Total Income 107 112 74 132 144 139 151 163 127 170
Total Expenditure 92 99 69 116 122 118 126 134 105 142
Operating Profit 15 12 5 16 22 21 24 29 22 28
Interest 0 0 0 1 1 1 1 0 0 0
Depreciation 1 1 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 -1 1 0 0 0 0 0 0 -0
Profit Before Tax 13 10 4 13 19 19 22 27 20 26
Provision for Tax 4 3 1 4 6 5 6 8 6 11
Profit After Tax 9 7 3 10 13 13 16 19 14 15
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 9 7 3 10 13 13 16 19 14 15
Adjusted Earnings Per Share 1.5 1.2 0.5 1.6 2.3 2.2 2.6 3.1 2.4 2.6

Kothari Petrochem Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 237 337 279 214 219 195 300 273 227 382 482 604
Other Income 2 3 3 3 3 2 2 3 4 5 6 8
Total Income 240 340 282 217 222 196 302 276 231 386 489 611
Total Expenditure 229 325 261 198 208 177 279 246 193 332 425 507
Operating Profit 10 15 21 18 15 19 24 30 38 54 63 103
Interest 1 1 3 1 2 1 3 2 1 1 3 1
Depreciation 2 2 3 3 3 4 5 6 6 6 7 8
Exceptional Income / Expenses 1 0 0 0 0 0 0 1 0 -2 1 0
Profit Before Tax 7 12 16 14 10 14 16 24 31 46 55 95
Provision for Tax 2 4 5 5 4 5 4 6 9 13 16 31
Profit After Tax 5 8 11 9 6 10 12 18 23 33 39 64
Adjustments 0 0 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 5 8 11 9 6 10 12 18 23 33 39 64
Adjusted Earnings Per Share 0.9 1.3 1.9 1.6 1 1.6 2.1 3.1 3.8 5.6 6.7 10.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 21% 20% 7%
Operating Profit CAGR 17% 28% 27% 20%
PAT CAGR 18% 29% 31% 23%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 125% 46% 48% 29%
ROE Average 23% 22% 20% 16%
ROCE Average 30% 30% 26% 21%

Kothari Petrochem Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 61 62 65 67 71 79 85 100 123 156 192
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 9 10 5 0 1 8 15
Other Non-Current Liabilities 4 4 5 5 6 8 8 11 10 10 13
Total Current Liabilities 32 45 49 39 47 47 51 35 36 49 49
Total Liabilities 97 111 118 110 133 144 150 146 171 223 270
Fixed Assets 48 47 52 53 47 79 83 83 96 77 106
Other Non-Current Assets 0 11 8 9 25 18 21 19 5 40 24
Total Current Assets 48 53 58 48 61 46 46 44 69 106 141
Total Assets 97 111 118 110 133 144 150 146 171 223 270

Kothari Petrochem Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 4 2 9 14 22 0 -11 0 13 7
Cash Flow from Operating Activities 0 8 14 16 4 16 28 26 30 19 26
Cash Flow from Investing Activities 9 -12 -3 4 -8 -29 -8 -4 -14 -32 -26
Cash Flow from Financing Activities -8 2 -4 -13 13 -8 -14 -11 -4 8 5
Net Cash Inflow / Outflow 1 -2 7 7 9 -22 5 11 13 -6 5
Closing Cash & Cash Equivalent 4 2 9 16 22 0 5 0 13 7 12

Kothari Petrochem Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 0.88 1.34 1.92 1.56 0.99 1.63 2.07 3.11 3.83 5.59 6.66
CEPS(Rs) 1.31 1.68 2.35 2.03 1.51 2.24 2.84 4.06 4.77 6.53 7.78
DPS(Rs) 0.75 1 1 1 0.25 0.75 0.5 0 0 0 1.25
Book NAV/Share(Rs) 10.24 10.42 10.92 11.28 11.98 13.3 14.47 16.97 20.87 26.42 32.58
Core EBITDA Margin(%) 3.06 3.4 5.98 6.5 4.91 8.91 7.06 10.11 14.99 13.05 11.81
EBIT Margin(%) 3.35 3.59 6.14 6.58 4.7 7.96 6.35 9.66 14.27 12.24 11.98
Pre Tax Margin(%) 2.85 3.25 5.33 6.12 4.08 7.25 5.32 8.91 13.88 12.08 11.45
PAT Margin (%) 2.01 2.15 3.68 3.95 2.38 4.8 4.06 6.71 9.94 8.62 8.13
Cash Profit Margin (%) 2.97 2.69 4.51 5.12 3.65 6.61 5.58 8.74 12.37 10.07 9.5
ROA(%) 5.51 7.62 9.86 8.03 4.78 6.93 8.3 12.4 14.24 16.71 15.88
ROE(%) 8.64 13 18.01 14.06 8.49 12.87 14.91 19.81 20.25 23.64 22.57
ROCE(%) 12.45 17.85 22.62 17.83 12.1 14.63 16.9 24.13 28 31.96 30.3
Receivable days 22.64 25.95 32.53 31.54 26.99 37.79 26.71 28.87 31.98 22.86 28.74
Inventory Days 12.53 8.15 9.39 15.03 14.96 19.64 12.78 14.14 23.07 20.8 22.44
Payable days 24.31 19.49 22.59 32.9 36.44 54.41 36.2 51.87 75.42 45.12 38.71
PER(x) 6.95 6.33 6.19 11.69 22.8 13.58 9.05 3.44 6.8 15.39 8.48
Price/Book(x) 0.6 0.82 1.09 1.62 1.88 1.66 1.3 0.63 1.25 3.25 1.73
Dividend Yield(%) 12.2 11.76 8.4 5.48 1.11 3.39 2.67 0 0 0 2.21
EV/Net Sales(x) 0.17 0.19 0.3 0.51 0.65 0.83 0.43 0.24 0.62 1.33 0.71
EV/Core EBITDA(x) 3.85 4.32 3.91 6.03 9.8 8.29 5.52 2.17 3.72 9.35 5.37
Net Sales Growth(%) 47.2 42 -17.14 -23.53 2.76 -11.31 54.03 -8.89 -16.96 68.19 26.37
EBIT Growth(%) 12.27 52.12 42.86 -18.75 -25.18 38.54 19.75 38.7 22.64 44.25 23.74
PAT Growth(%) 21.4 51.88 42.98 -18.76 -36.77 64.89 27.25 50.41 22.99 45.87 19.13
EPS Growth(%) 21.39 51.89 42.98 -18.75 -36.77 64.89 27.25 50.41 22.99 45.87 19.13
Debt/Equity(x) 0.13 0.29 0.35 0.27 0.48 0.43 0.32 0.06 0.02 0.07 0.12
Current Ratio(x) 1.5 1.19 1.19 1.25 1.32 0.98 0.91 1.27 1.93 2.19 2.85
Quick Ratio(x) 1.17 1.06 0.99 1.01 1.09 0.75 0.71 0.96 1.44 1.66 2.18
Interest Cover(x) 6.68 10.59 7.54 14.23 7.56 11.2 6.2 12.92 36.4 75.76 22.57
Total Debt/Mcap(x) 0.22 0.36 0.32 0.17 0.26 0.26 0.25 0.09 0.01 0.02 0.07

Kothari Petrochem Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 70.98 70.98 70.98 70.98 70.98 70.98 70.98 70.98 70.98 70.98
FII 0.07 0 0.08 0.06 0 0 0 0 0 0.01
DII 0.16 0.16 0.16 0.16 0.16 0.16 0.09 0.09 0.09 0.09
Public 28.78 28.85 28.77 28.79 28.85 28.85 28.93 28.93 28.92 28.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 45.12 to 38.71days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.3 times its book value.

* 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.

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