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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kothari Products Ltd

About the Company - Kothari Products Ltd

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Basic Stock Data of Kothari Products Ltd

Last Updated: June 17, 2024, 8:27 pm

Market Cap 392 Cr.
Current Price 131
High / Low187/99.5
Stock P/E12.1
Book Value 401
Dividend Yield0.00 %
ROCE2.92 %
ROE2.76 %
Face Value 10.0
PEG Ratio-0.74

Kothari Products Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales773.78958.091,566.92755.66512.06562.21413.65324.03326.21323.08224.33265.79225.95
Expenses853.68984.701,563.92753.21517.13563.99417.66327.96324.12344.26223.52268.46225.93
Operating Profit-79.90-26.613.002.45-5.07-1.78-4.01-3.932.09-21.180.81-2.670.02
OPM %-10.33%-2.78%0.19%0.32%-0.99%-0.32%-0.97%-1.21%0.64%-6.56%0.36%-1.00%0.01%
Other Income5.39110.1421.384.679.2020.0510.2011.338.0122.1114.774.9910.32
Interest9.0410.7710.468.776.366.272.803.712.673.722.171.491.20
Depreciation0.650.750.640.650.640.830.630.580.650.530.470.460.44
Profit before tax-84.2072.0113.28-2.30-2.8711.172.763.116.78-3.3212.940.378.70
Tax %-1.43%-0.24%45.11%19.57%72.82%10.30%23.55%69.77%23.89%9.04%9.51%-18.92%-2.30%
Net Profit-85.4072.187.29-1.85-0.7810.022.110.945.16-3.0211.710.448.90
EPS in Rs-28.6224.192.44-0.62-0.263.360.710.311.73-1.013.920.152.98

Last Updated: June 6, 2024, 7:55 am

Kothari Products Ltd Quarterly Chart

Kothari Products Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,9405,0445,7486,6346,8666,3346,3675,7194,1133,1173,3971,3871,139
Expenses3,8354,8885,6106,4786,6806,1606,2645,5764,1713,2003,3861,4031,160
Operating Profit105156138156186175103143-58-8311-16-21
OPM %3%3%2%2%3%3%2%2%-1%-3%0%-1%-2%
Other Income1517109-221138116676434150
Interest30415354757845595043321310
Depreciation1222333333322
Profit before tax89129931091061156816255-5419917
Tax %31%33%32%32%37%34%19%24%37%-4%24%44%
Net Profit6187637467765512435-5615514
EPS in Rs20.5329.3221.1924.9522.4725.3718.5541.4111.64-18.874.921.744.79
Dividend Payout %16%15%6%16%13%12%8%2%0%0%0%0%

Kothari Products Ltd Profit & Loss Yearly Chart

Kothari Products Ltd Growth

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:-2%
5 Years:12%
3 Years:14%
1 Year:28%
Return on Equity
10 Years:4%
5 Years:0%
3 Years:2%
Last Year:3%

Last Updated: June 17, 2024, 2:57 pm

Kothari Products Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital77720303030303030303030
Reserves6627357928408689289831,1001,1411,0301,0531,124928
Borrowings2903303242653952835281,1411,1051,02534327560
Other Liabilities2,7332,7373,2314,1043,4762,6482,0231,0175324643415126
Total Liabilities3,6913,8094,3535,2294,7693,8893,5633,2882,8082,5491,7671,4791,045
Fixed Assets164546159358614716616481797031
CWIP13000000100000
Investments1491,6831,7712,0571,87327333850241259236663
Other Assets3,3652,0722,5213,1122,8623,5293,0783,0702,6202,4561,6301,173351
Total Assets3,6913,8094,3535,2294,7693,8893,5633,2882,8082,5491,7671,4791,045

Kothari Products Ltd Reserves and Borrowings Chart

Kothari Products Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 840-123126295-22412-781-1,272-63120670241
Cash from Investing Activity -43132-98-283232135550814597413-168
Cash from Financing Activity 11590-54-10357-190189548-89-138-714-81
Net Cash Flow91199-26-9065-42-4190-9356-31-8

Kothari Products Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days12310912113812497107150187240136215
Inventory Days181413111211131013012
Days Payable1741531701731751561176644503411
Cash Conversion Cycle-34-31-36-24-39-49294155190103206
Working Capital Days-99-67-60-63-432733106164202112257
ROCE %14%16%13%14%15%15%8%12%5%-2%3%2%

Kothari Products Ltd Financial Efficiency Indicators Chart

Kothari Products Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public25.01%25.01%25.01%25.00%25.01%25.00%25.01%25.01%25.01%25.01%25.01%25.01%
No. of Shareholders8,3669,1868,9778,6568,6067,9387,9197,9288,2888,5918,7349,971

Kothari Products Ltd Shareholding Pattern Chart

No. of Kothari Products Ltd Shareholders

This stock is not held by any mutual fund

Kothari Products Ltd ROCE Trend

Kothari Products Ltd EPS Trend

Kothari Products Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.891.744.92-18.8611.64
Diluted EPS (Rs.)10.891.744.92-18.8611.64
Cash EPS (Rs.)7.091.905.61-13.6612.87
Book Value[Excl.RevalReserv]/Share (Rs.)400.86386.78362.94375.48392.52
Book Value[Incl.RevalReserv]/Share (Rs.)400.86386.78362.94375.48392.52
Revenue From Operations / Share (Rs.)332.56464.801138.351044.591378.43
PBDIT / Share (Rs.)9.457.6117.831.6536.40
PBIT / Share (Rs.)8.826.8116.910.6435.34
PBT / Share (Rs.)6.762.486.23-13.8918.52
Net Profit / Share (Rs.)6.451.104.69-14.6711.80
NP After MI And SOA / Share (Rs.)10.891.744.92-18.8711.64
PBDIT Margin (%)2.841.631.560.152.64
PBIT Margin (%)2.651.461.480.062.56
PBT Margin (%)2.030.530.54-1.331.34
Net Profit Margin (%)1.940.230.41-1.400.85
NP After MI And SOA Margin (%)3.270.370.43-1.800.84
Return on Networth / Equity (%)2.710.441.35-5.022.96
Return on Capital Employeed (%)2.081.563.770.126.29
Return On Assets (%)2.430.350.83-2.151.23
Long Term Debt / Equity (X)0.050.120.230.360.42
Total Debt / Equity (X)0.060.230.310.910.94
Asset Turnover Ratio (%)0.700.850.580.770.96
Current Ratio (X)12.676.063.502.132.23
Quick Ratio (X)12.586.023.492.132.10
Dividend Payout Ratio (NP) (%)0.000.000.000.0010.36
Dividend Payout Ratio (CP) (%)0.000.000.000.009.49
Earning Retention Ratio (%)0.000.000.000.0089.64
Cash Earning Retention Ratio (%)0.000.000.000.0090.51
Interest Coverage Ratio (X)4.591.761.670.112.17
Interest Coverage Ratio (Post Tax) (X)4.141.251.44-0.011.70
Enterprise Value (Cr.)391.89573.54610.951111.231082.68
EV / Net Operating Revenue (X)0.390.410.170.350.26
EV / EBITDA (X)13.8925.2711.48225.409.97
MarketCap / Net Operating Revenue (X)0.340.240.110.060.02
Retention Ratios (%)0.000.000.000.0089.63
Price / BV (X)0.280.290.350.160.08
Price / Net Operating Revenue (X)0.340.240.110.060.02
EarningsYield0.090.010.03-0.290.33

Kothari Products Ltd Profitability Ratios (%)

Kothari Products Ltd Liquidity Ratios

Kothari Products Ltd Liquidity Ratios (%)

Kothari Products Ltd Interest Coverage Ratios (%)

Kothari Products Ltd Valuation Ratios

Fair Value

Fair Value: 136.60

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: 4.27% compared to the current price 131

Intrinsic Value: 114.37

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.

Overvalued: 12.69% compared to the current price ₹131

Last 5 Year EPS CAGR: -16.27%

*Investments are subject to market risks

Strength and Weakness of Kothari Products Ltd Stock

StrengthWeakness
  1. The company has higher reserves (937.23 cr) compared to borrowings (489.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (4.15 cr) and profit (70.54 cr) over the years.
  1. The stock has a low average ROCE of 9.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 47.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 44.75, which may not be favorable.

FAQ

What is the latest fair value of Kothari Products Ltd?

The latest fair value of Kothari Products Ltd is ₹136.60.

What is the Market Cap of Kothari Products Ltd?

The Market Cap of Kothari Products Ltd is 392 Cr..

What is the current Stock Price of Kothari Products Ltd as on 19 June 2024?

The current stock price of Kothari Products Ltd as on 19 June 2024 is ₹131.

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

In FY 2024, the High / Low of Kothari Products Ltd stocks is 187/99.5.

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

The Stock P/E of Kothari Products Ltd is 12.1.

What is the Book Value of Kothari Products Ltd?

The Book Value of Kothari Products Ltd is 401.

What is the Dividend Yield of Kothari Products Ltd?

The Dividend Yield of Kothari Products Ltd is 0.00 %.

What is the ROCE of Kothari Products Ltd?

The ROCE of Kothari Products Ltd is 2.92 %.

What is the ROE of Kothari Products Ltd?

The ROE of Kothari Products Ltd is 2.76 %.

What is the Face Value of Kothari Products Ltd?

The Face Value of Kothari Products Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Kothari Products 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