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Last Updated: April 2, 2026, 3:11 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506525 | NSE: KANORICHEM

Kanoria Chemicals & Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹176.21Undervalued by 187.92%vs CMP ₹61.20

P/E (15.0) × ROE (11.8%) × BV (₹122.00) × DY (2.00%)

Defaults: P/E=15

₹166.78Undervalued by 172.52%vs CMP ₹61.20
MoS: +63.3% (Strong)Confidence: 65/100 (Moderate)Models: All 8: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹265.3523%Under (+333.6%)
Graham NumberEarnings₹182.1017%Under (+197.5%)
DCFCash Flow₹155.6114%Under (+154.3%)
Net Asset ValueAssets₹121.949%Under (+99.2%)
EV/EBITDAEnterprise₹97.4211%Under (+59.2%)
Earnings YieldEarnings₹120.809%Under (+97.4%)
ROCE CapitalReturns₹78.929%Under (+29%)
Revenue MultipleRevenue₹176.157%Under (+187.8%)
Consensus (8 models)₹166.78100%Undervalued
Key Drivers: EPS CAGR 50.6% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 50.6% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

48
Kanoria Chemicals & Industries Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 2.3% WeakROE 11.8% AverageD/E 0.78 ModerateInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.4% Stable
Earnings Quality60/100 · Moderate
OPM stable around 3% SteadyWorking capital: -4 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 1% YoY Flat
Industry Rank35/100 · Weak
ROCE 2.3% vs industry 8.2% Below peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:11 am

Market Cap 267 Cr.
Current Price 61.2
Intrinsic Value₹166.78
High / Low 104/55.7
Stock P/E
Book Value 122
Dividend Yield0.00 %
ROCE2.33 %
ROE11.8 %
Face Value 5.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kanoria Chemicals & Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kanoria Chemicals & Industries Ltd 267 Cr. 61.2 104/55.7 1220.00 %2.33 %11.8 % 5.00
India Glycols Ltd 5,920 Cr. 883 1,223/50221.9 3570.85 %12.4 %11.1 % 5.00
Aeonx Digital Technology Ltd 53.2 Cr. 116 242/99.023.8 1150.86 %9.78 %6.79 % 10.0
Industry Average3,093.50 Cr353.4022.85198.000.57%8.17%9.90%6.67

All Competitor Stocks of Kanoria Chemicals & Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 385.41444.86400.97371.39341.76361.35384.13176.57180.35431.42201.38209.84265.82
Expenses 368.78421.75390.51365.29338.99332.72382.33176.38165.23414.43183.25203.61245.94
Operating Profit 16.6323.1110.466.102.7728.631.800.1915.1216.9918.136.2319.88
OPM % 4.31%5.19%2.61%1.64%0.81%7.92%0.47%0.11%8.38%3.94%9.00%2.97%7.48%
Other Income 3.30-0.0812.91-0.407.930.272.146.15-25.50-26.99-12.68106.352.39
Interest 10.0110.5910.8111.559.0211.6411.007.958.1311.627.318.637.66
Depreciation 14.5515.4514.8615.2715.0015.0714.897.728.4116.488.618.758.88
Profit before tax -4.63-3.01-2.30-21.12-13.322.19-21.95-9.33-26.92-38.10-10.4795.205.73
Tax % -14.25%-70.10%66.96%-2.84%14.34%816.44%4.46%76.63%6.35%5.28%31.61%3.56%38.05%
Net Profit -3.97-0.90-3.84-20.52-15.23-15.69-22.93-16.48-28.63-40.11-13.7891.813.55
EPS in Rs -0.29-0.35-0.60-4.20-1.86-2.12-3.81-3.18-3.82-8.33-1.7921.390.81

Last Updated: March 4, 2026, 5:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5415315657028371,0721,0051,0951,3691,5781,4751,5371,108
Expenses 5005065336758021,0089771,0011,3011,5061,4231,5051,047
Operating Profit 41253227356428946872523161
OPM % 8%5%6%4%4%6%3%9%5%5%4%2%6%
Other Income 4327157457228291016-1969
Interest 1791420243637322736434635
Depreciation 24303445474956585759596343
Profit before tax 4313-1-3210-15-431113-12-34-9652
Tax % 20%7%414%-25%-20%30%-26%-40%83%5%61%12%
Net Profit 3412-7-2412-20-32162-13-55-10841
EPS in Rs 7.722.82-1.65-3.383.22-3.42-5.903.321.56-2.01-8.79-19.1312.08
Dividend Payout % 19%53%-91%-44%47%-22%0%0%64%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-64.71%-158.33%-242.86%150.00%-266.67%-60.00%150.00%-87.50%-750.00%-323.08%-96.36%
Change in YoY Net Profit Growth (%)0.00%-93.63%-84.52%392.86%-416.67%206.67%210.00%-237.50%-662.50%426.92%226.71%

Kanoria Chemicals & Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:9%
3 Years:4%
TTM:10%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:7%
Stock Price CAGR
10 Years:6%
5 Years:16%
3 Years:-20%
1 Year:-35%
Return on Equity
10 Years:-2%
5 Years:-3%
3 Years:-7%
Last Year:-11%

Last Updated: September 5, 2025, 8:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222222222222222222222222
Reserves 474472581558566577547565577584579499510
Borrowings 161331430408440509539493475510509595327
Other Liabilities 152157192222250293266282329366380382249
Total Liabilities 8109821,2251,2091,2781,4011,3741,3621,4031,4811,4901,4981,108
Fixed Assets 328344512743800850894864863882850865709
CWIP 1418226927124215141010474618
Investments 211174138100634826192217161453
Other Assets 257282306340403461439465507573578574327
Total Assets 8109821,2251,2091,2781,4011,3741,3621,4031,4811,4901,4981,108

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 201312302722318283263815
Cash from Investing Activity + 12-156-1096-21-86-3-12-43-29-50-59
Cash from Financing Activity + -3516982-39-1173-11-75-533541
Net Cash Flow -327-15-2-5817-4-13-0-8-3
Free Cash Flow -52-200-132-18-46-93-125941-12-37-64
CFO/OP 69%64%30%135%84%39%108%88%124%40%76%48%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-120.00-306.00-398.00-381.00-405.00-445.00-511.00-399.00-407.00-438.00-457.00-564.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 585157596050526846454656
Inventory Days 10182868792969784979110484
Days Payable 776653778474857780758278
Cash Conversion Cycle 826889696871647563616863
Working Capital Days 43-7-8-5-8-2-7161789-4
ROCE %5%1%1%1%3%2%-1%4%4%1%1%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%
FIIs 0.11%0.11%0.04%0.07%0.14%0.20%0.05%0.05%0.07%0.06%0.04%0.04%
DIIs 0.08%0.08%0.08%0.10%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public 25.41%25.41%25.48%25.43%25.39%25.32%25.47%25.48%25.46%25.47%25.48%25.48%
No. of Shareholders 13,56513,62117,29218,17717,57116,93418,62318,50818,11217,82417,55517,295

Shareholding Pattern Chart

No. of Shareholders

Kanoria Chemicals & Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) -19.13-8.79-2.011.563.32
Diluted EPS (Rs.) -19.13-8.79-2.011.563.32
Cash EPS (Rs.) -10.421.6510.5413.6016.94
Book Value[Excl.RevalReserv]/Share (Rs.) 119.19141.33138.93137.75136.25
Book Value[Incl.RevalReserv]/Share (Rs.) 119.19141.33138.93137.75136.25
Revenue From Operations / Share (Rs.) 351.67337.94361.21313.31250.55
PBDIT / Share (Rs.) 9.2916.4718.9222.2024.16
PBIT / Share (Rs.) -5.042.175.449.1110.88
PBT / Share (Rs.) -22.26-8.23-2.793.012.61
Net Profit / Share (Rs.) -24.75-12.65-2.950.513.66
NP After MI And SOA / Share (Rs.) -19.13-8.79-2.011.563.32
PBDIT Margin (%) 2.644.875.237.089.64
PBIT Margin (%) -1.430.641.502.904.34
PBT Margin (%) -6.32-2.43-0.770.951.04
Net Profit Margin (%) -7.03-3.74-0.810.161.46
NP After MI And SOA Margin (%) -5.43-2.60-0.550.491.32
Return on Networth / Equity (%) -16.05-6.38-1.441.142.47
Return on Capital Employeed (%) -2.370.962.444.004.81
Return On Assets (%) -5.57-2.57-0.590.481.06
Long Term Debt / Equity (X) 0.650.490.520.570.58
Total Debt / Equity (X) 1.140.840.830.780.78
Asset Turnover Ratio (%) 1.030.991.090.570.34
Current Ratio (X) 0.991.111.121.241.22
Quick Ratio (X) 0.560.540.570.610.77
Inventory Turnover Ratio (X) 5.793.514.304.342.28
Dividend Payout Ratio (NP) (%) 0.000.00-49.840.000.00
Dividend Payout Ratio (CP) (%) 0.000.008.700.000.00
Earning Retention Ratio (%) 0.000.00149.840.000.00
Cash Earning Retention Ratio (%) 0.000.0091.300.000.00
Interest Coverage Ratio (X) 0.881.672.303.643.27
Interest Coverage Ratio (Post Tax) (X) -0.73-0.220.641.081.61
Enterprise Value (Cr.) 900.35972.38951.811045.87835.26
EV / Net Operating Revenue (X) 0.580.650.600.760.76
EV / EBITDA (X) 22.1913.5111.5110.787.91
MarketCap / Net Operating Revenue (X) 0.210.310.290.430.36
Retention Ratios (%) 0.000.00149.840.000.00
Price / BV (X) 0.620.760.760.990.67
Price / Net Operating Revenue (X) 0.210.310.290.430.36
EarningsYield -0.25-0.08-0.010.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kanoria Chemicals & Industries Ltd. is a Public Limited Listed company incorporated on 17/12/1960 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L24110WB1960PLC024910 and registration number is 024910. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 678.30 Cr. and Equity Capital is Rs. 21.85 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Alcohol BasedKCI Plaza, 6th Floor, Kolkata West Bengal 700019Contact not found
Management
NamePosition Held
Mr. R V KanoriaChairman & Managing Director
Mr. S V KanoriaWhole Time Director
Mr. H K KhaitanNon Exe.Non Ind.Director
Mrs. Madhuvanti KanoriaNon Exe.Non Ind.Director
Mr. Sidharth Kumar BirlaInd. Non-Executive Director
Mrs. Suhana MurshedInd. Non-Executive Director
Mrs. Meeta MakhanInd. Non-Executive Director
Mr. Sumanta ChaudhuriInd. Non-Executive Director

FAQ

What is the intrinsic value of Kanoria Chemicals & Industries Ltd and is it undervalued?

As of 19 April 2026, Kanoria Chemicals & Industries Ltd's intrinsic value is ₹166.78, which is 172.52% higher than the current market price of ₹61.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.8 %), book value (₹122), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kanoria Chemicals & Industries Ltd?

Kanoria Chemicals & Industries Ltd is trading at ₹61.20 as of 19 April 2026, with a FY2026-2027 high of ₹104 and low of ₹55.7. The stock is currently near its 52-week low. Market cap stands at ₹267 Cr..

How does Kanoria Chemicals & Industries Ltd's P/E ratio compare to its industry?

Kanoria Chemicals & Industries Ltd has a P/E ratio of , which is below the industry average of 22.85. This is broadly in line with or below the industry average.

Is Kanoria Chemicals & Industries Ltd financially healthy?

Key indicators for Kanoria Chemicals & Industries Ltd: ROCE of 2.33 % is on the lower side compared to the industry average of 8.17%. Dividend yield is 0.00 %.

Is Kanoria Chemicals & Industries Ltd profitable and how is the profit trend?

Kanoria Chemicals & Industries Ltd reported a net profit of ₹-108 Cr in Mar 2025 on revenue of ₹1,537 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does Kanoria Chemicals & Industries Ltd pay dividends?

Kanoria Chemicals & Industries Ltd has a dividend yield of 0.00 % at the current price of ₹61.20. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kanoria Chemicals & Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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