Fundamental Analysis of Kothari Petrochemicals Ltd

About the Company - Kothari Petrochemicals Ltd

Kothari Petrochemicals Ltd. is a Public Limited Listed company incorporated on 28/04/1989 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L11101TN1989PLC017347 and registration number is 017347. Currently Company is involved in the business activities of Manufacture of polymer/ synthetic / pvc water storage tanks. Company’s Total Operating Revenue is Rs. 381.53 Cr. and Equity Capital is Rs. 59.19 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Petrochemicals - Polymers	Kothari Buildings, Chennai (Madras) Tamil Nadu 600034	secdept@hckgroup.com http://www.kotharipetrochemicals.com

Management
Name	Position Held
Mrs. Nina B Kothari	Chairperson
Mr. Arjun B Kothari	Managing Director
Mr. S Sundarraman	Independent Director
Mr. V V Surya Rau	Independent Director
Mr. M Rajavel	Whole Time Director
Mr. Brij Mohan Bansal	Independent Director
Mr. Gautam Roy	Independent Director

Basic Stock Data of Kothari Petrochemicals Ltd

Last Updated: July 26, 2024, 10:26 pm

Market Cap	1,042 Cr.
Current Price	177
High / Low	187/93.1
Stock P/E	16.5
Book Value	41.9
Dividend Yield	0.99 %
ROCE	41.3 %
ROE	28.8 %
Face Value	10.0
PEG Ratio	0.60

Data Source: screener.in

Competitors of Kothari Petrochemicals Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
AVI Polymers Ltd	4.92 Cr.	12.0	14.2/9.45	246	11.9	0.00 %	0.57 %	0.41 %	10.0
Supreme Petrochem Ltd	16,429 Cr.	872	927/409	41.2	107	1.03 %	22.5 %	16.8 %	2.00
Signet Industries Ltd	236 Cr.	79.9	97.4/42.5	15.3	74.8	0.63 %	14.8 %	7.24 %	10.0
Sheela Foam Ltd	11,153 Cr.	1,025	1,297/854	81.0	269	0.00 %	7.97 %	6.09 %	5.00
NOCIL Ltd	5,171 Cr.	310	320/210	44.2	102	0.97 %	9.78 %	7.21 %	10.0
Industry Average	6,427.50 Cr	364.74		74.94	94.77	0.85%	12.06%	8.28%	6.14

Kothari Petrochemicals Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	63	70	74	91	106	111	74	130	142	137	149	162	125
Expenses	51	60	64	76	92	99	69	116	122	118	126	134	105
Operating Profit	11	10	11	15	13	11	4	14	20	19	22	27	20
OPM %	18%	14%	14%	16%	13%	10%	6%	11%	14%	14%	15%	17%	16%
Other Income	1	1	1	-0	1	1	2	2	2	2	2	2	2
Interest	0	0	0	0	0	0	0	1	1	1	1	0	0
Depreciation	1	1	1	1	1	1	2	2	2	2	2	2	2
Profit before tax	11	9	10	13	13	10	4	13	19	19	22	27	20
Tax %	26%	33%	27%	26%	31%	30%	28%	29%	29%	29%	29%	31%	30%
Net Profit	8	6	7	10	9	7	3	10	13	13	16	19	14
EPS in Rs	1.35	1.09	1.24	1.63	1.54	1.19	0.51	1.62	2.29	2.24	2.66	3.15	2.45

Last Updated: July 11, 2024, 8:36 am

Kothari Petrochemicals Ltd Quarterly Chart

Kothari Petrochemicals Ltd Profit & Loss

Last Updated: July 10, 2024, 7:05 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	161	237	334	277	212	219	195	300	273	227	382	482	572
Expenses	153	229	321	259	196	207	177	279	246	193	332	425	483
Operating Profit	9	8	12	18	15	12	18	21	28	34	50	57	89
OPM %	5%	3%	4%	7%	7%	5%	9%	7%	10%	15%	13%	12%	16%
Other Income	1	3	3	3	3	3	2	2	4	4	2	7	8
Interest	1	1	1	2	1	2	1	3	2	1	1	3	2
Depreciation	2	2	2	3	3	3	4	5	6	6	6	7	7
Profit before tax	7	7	12	16	14	10	14	16	24	31	46	55	88
Tax %	34%	30%	34%	31%	36%	42%	34%	24%	25%	28%	29%	29%
Net Profit	4	5	8	11	9	6	10	12	18	23	33	39	62
EPS in Rs	0.73	0.89	1.34	1.92	1.56	0.99	1.63	2.07	3.11	3.83	5.59	6.66	10.50
Dividend Payout %	69%	85%	75%	52%	64%	51%	46%	24%	-0%	-0%	-0%	19%

Kothari Petrochemicals Ltd Profit & Loss Yearly Chart

Kothari Petrochemicals Ltd Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	15%
3 Years:	39%
TTM:	25%

Compounded Profit Growth
10 Years:	23%
5 Years:	39%
3 Years:	41%
TTM:	66%

Stock Price CAGR
10 Years:	32%
5 Years:	58%
3 Years:	59%
1 Year:	90%

Return on Equity
10 Years:	20%
5 Years:	24%
3 Years:	25%
Last Year:	29%

Last Updated: July 25, 2024, 5:33 am

Kothari Petrochemicals Ltd Balance Sheet

Last Updated: July 10, 2024, 7:05 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	59	59	59	59	59	59	59	59	59	59	59	59	59
Reserves	1	1	2	5	8	12	19	26	41	64	97	133	162
Borrowings	10	8	18	23	18	34	34	27	8	4	12	23	0
Other Liabilities	22	28	31	31	26	28	31	37	38	44	55	55	71
Total Liabilities	92	97	111	118	110	133	144	150	146	171	223	270	292
Fixed Assets	60	48	47	52	53	63	95	99	99	96	93	121	129
CWIP	0	0	6	2	2	6	0	1	0	3	18	3	2
Investments	1	3	11	12	6	0	0	0	4	15	33	41	55
Other Assets	31	45	47	53	50	64	48	50	43	57	79	105	107
Total Assets	92	97	111	118	110	133	144	150	146	171	223	270	292

Kothari Petrochemicals Ltd Reserves and Borrowings Chart

Kothari Petrochemicals Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	0	14	14	16	4	16	28	26	30	19	26	72
Cash from Investing Activity	9	-12	-3	4	-8	-29	-8	-4	-14	-32	-26	-44
Cash from Financing Activity	-8	2	-4	-13	13	-8	-14	-11	-4	8	5	-33
Net Cash Flow	1	4	7	7	9	-22	5	12	13	-6	5	-6

Kothari Petrochemicals Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	24	33	34	31	28	33	41	27	28	30	28	36
Inventory Days	22	20	8	17	22	24	33	17	23	50	38	38
Days Payable	32	28	19	22	36	39	58	40	53	80	49	40
Cash Conversion Cycle	15	25	23	26	15	18	16	4	-2	0	17	34
Working Capital Days	19	25	20	23	19	26	28	5	5	8	18	33
ROCE %	11%	11%	18%	22%	18%	12%	15%	17%	23%	28%	33%	29%

Kothari Petrochemicals Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Kothari Petrochemicals Ltd ROCE Trend

Kothari Petrochemicals Ltd EPS Trend

Kothari Petrochemicals Ltd Key Financial Ratios

Month	Mar 16	Mar 15	Mar 14	Mar 13
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.62	2.03	1.34	0.88
Diluted EPS (Rs.)	1.62	2.03	1.34	0.88
Cash EPS (Rs.)	2.07	2.45	1.67	1.30
Book Value[Excl.RevalReserv]/Share (Rs.)	11.53	11.04	10.39	10.24
Book Value[Incl.RevalReserv]/Share (Rs.)	11.53	11.04	10.39	10.24
Revenue From Operations / Share (Rs.)	36.20	47.34	56.95	40.21
PBDIT / Share (Rs.)	3.13	3.72	2.57	1.74
PBIT / Share (Rs.)	2.67	3.29	2.23	1.32
PBT / Share (Rs.)	2.47	2.87	2.02	1.25
Net Profit / Share (Rs.)	1.61	2.02	1.33	0.87
NP After MI And SOA / Share (Rs.)	1.61	2.02	1.33	0.87
PBDIT Margin (%)	8.66	7.85	4.50	4.32
PBIT Margin (%)	7.38	6.95	3.91	3.27
PBT Margin (%)	6.81	6.06	3.54	3.10
Net Profit Margin (%)	4.45	4.25	2.34	2.18
NP After MI And SOA Margin (%)	4.45	4.25	2.34	2.18
Return on Networth / Equity (%)	13.98	18.25	12.84	8.58
Return on Capital Employeed (%)	21.57	27.72	20.02	12.08
Return On Assets (%)	8.53	10.00	7.13	5.38
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.05
Total Debt / Equity (X)	0.26	0.34	0.28	0.18
Asset Turnover Ratio (%)	1.86	2.44	0.00	0.00
Current Ratio (X)	1.48	1.33	1.29	1.50
Quick Ratio (X)	1.24	1.13	1.16	1.17
Inventory Turnover Ratio (X)	15.96	27.09	0.00	0.00
Dividend Payout Ratio (NP) (%)	61.67	49.30	74.49	0.00
Dividend Payout Ratio (CP) (%)	47.92	40.64	59.49	0.00
Earning Retention Ratio (%)	38.33	50.70	25.51	0.00
Cash Earning Retention Ratio (%)	52.08	59.36	40.51	0.00
Interest Coverage Ratio (X)	15.35	8.88	12.18	7.93
Interest Coverage Ratio (Post Tax) (X)	8.89	5.81	7.33	4.33
Enterprise Value (Cr.)	9.16	22.27	21.16	16.76
EV / Net Operating Revenue (X)	0.04	0.07	0.06	0.07
EV / EBITDA (X)	0.49	1.01	1.39	1.63
MarketCap / Net Operating Revenue (X)	0.04	0.03	0.02	0.04
Retention Ratios (%)	38.32	50.69	25.50	0.00
Price / BV (X)	0.14	0.15	0.16	0.16
Price / Net Operating Revenue (X)	0.04	0.03	0.02	0.04
EarningsYield	0.94	1.19	0.78	0.51

Kothari Petrochemicals Ltd Profitability Ratios (%)

Kothari Petrochemicals Ltd Liquidity Ratios

Kothari Petrochemicals Ltd Liquidity Ratios (%)

Kothari Petrochemicals Ltd Interest Coverage Ratios (%)

Kothari Petrochemicals Ltd Valuation Ratios

Fair Value

Fair Value: 201.08

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 13.60% compared to the current price 177

Intrinsic Value: 256.48

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 44.90% compared to the current price 177

Last 5 Year EPS CAGR: 27.55%

*Investments are subject to market risks

Strength and Weakness of Kothari Petrochemicals Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 19.75%, which is a positive sign. The stock has a low average Working Capital Days of 19.08, which is a positive sign. The company has higher reserves (49.58 cr) compared to borrowings (17.42 cr), indicating strong financial stability. The company has shown consistent growth in sales (297.77 cr) and profit (26.15 cr) over the years.	The stock has a high average Cash Conversion Cycle of 15.92, which may not be favorable.

FAQ

What is the latest fair value of Kothari Petrochemicals Ltd?

The latest fair value of Kothari Petrochemicals Ltd is ₹201.08.

What is the Market Cap of Kothari Petrochemicals Ltd?

The Market Cap of Kothari Petrochemicals Ltd is 1,042 Cr..

What is the current Stock Price of Kothari Petrochemicals Ltd as on 26 July 2024?

The current stock price of Kothari Petrochemicals Ltd as on 26 July 2024 is 177.

What is the High / Low of Kothari Petrochemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kothari Petrochemicals Ltd stocks is 187/93.1.

What is the Stock P/E of Kothari Petrochemicals Ltd?

The Stock P/E of Kothari Petrochemicals Ltd is 16.5.

What is the Book Value of Kothari Petrochemicals Ltd?

The Book Value of Kothari Petrochemicals Ltd is 41.9.

What is the Dividend Yield of Kothari Petrochemicals Ltd?

The Dividend Yield of Kothari Petrochemicals Ltd is 0.99 %.

What is the ROCE of Kothari Petrochemicals Ltd?

The ROCE of Kothari Petrochemicals Ltd is 41.3 %.

What is the ROE of Kothari Petrochemicals Ltd?

The ROE of Kothari Petrochemicals Ltd is 28.8 %.

What is the Face Value of Kothari Petrochemicals Ltd?

The Face Value of Kothari Petrochemicals Ltd is 10.0.