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Last Updated: April 2, 2026, 3:13 am
Author: Getaka|Social: XLinkedIn

Kothari Products Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹104.29Undervalued by 68.21%vs CMP ₹62.00

P/E (10.3) × ROE (6.6%) × BV (₹188.00) × DY (2.00%)

₹125.91Undervalued by 103.08%vs CMP ₹62.00
MoS: +50.8% (Strong)Confidence: 56/100 (Moderate)Models: 6 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹131.1930%Under (+111.6%)
Graham NumberEarnings₹181.0618%Under (+192%)
DCFCash Flow₹142.1015%Under (+129.2%)
Net Asset ValueAssets₹188.0110%Under (+203.2%)
Earnings YieldEarnings₹77.5010%Under (+25%)
ROCE CapitalReturns₹2.3110%Over (-96.3%)
Revenue MultipleRevenue₹80.267%Under (+29.5%)
Consensus (7 models)₹125.91100%Undervalued
Key Drivers: EPS CAGR 25.8% lifts DCF — verify sustainability. | Wide model spread (₹2–₹188) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 25.8%

*Investments are subject to market risks

Investment Snapshot

39
Kothari Products Ltd scores 39/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health52/100 · Moderate
ROCE 4.7% WeakROE 6.6% AverageD/E 0.91 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 75.0% Stable
Earnings Quality30/100 · Weak
OPM contracting (-1% → -5%) DecliningWorking capital: 190 days Capital intensive
Quarterly Momentum25/100 · Weak
Revenue (4Q): -9% YoY DecliningOPM: -8.5% (down 3.3% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 10.3 vs industry 10.3 In-lineROCE 4.7% vs industry 4.7% Average3Y sales CAGR: -34% Shrinking

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, 3:13 am

Market Cap 370 Cr.
Current Price 62.0
Intrinsic Value₹125.91
High / Low 109/57.3
Stock P/E10.3
Book Value 188
Dividend Yield0.00 %
ROCE4.68 %
ROE6.60 %
Face Value 10.0
PEG Ratio0.40

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

View Share Price Target for Kothari Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kothari Products Ltd 370 Cr. 62.0 109/57.310.3 1880.00 %4.68 %6.60 % 10.0
Industry Average370.00 Cr62.0010.30188.000.00%4.68%6.60%10.00

All Competitor Stocks of Kothari Products Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 326.21323.08224.33265.79225.95276.30247.64265.90221.49222.83248.41282.86161.90
Expenses 324.12344.26223.52268.46225.93277.93247.21394.37233.06221.01248.19301.76175.63
Operating Profit 2.09-21.180.81-2.670.02-1.630.43-128.47-11.571.820.22-18.90-13.73
OPM % 0.64%-6.56%0.36%-1.00%0.01%-0.59%0.17%-48.32%-5.22%0.82%0.09%-6.68%-8.48%
Other Income 8.0122.1114.774.9910.3214.837.319.2923.9316.0226.2728.8429.23
Interest 2.673.722.171.491.201.281.001.171.452.042.993.931.57
Depreciation 0.650.530.470.460.440.530.400.510.460.510.530.560.78
Profit before tax 6.78-3.3212.940.378.7011.396.34-120.8610.4515.2922.975.4513.15
Tax % 23.89%-9.04%9.51%-18.92%-2.30%-0.44%16.88%-0.61%-1.34%32.83%7.49%26.79%24.64%
Net Profit 5.16-3.0211.710.448.9011.445.27-120.1210.5910.2721.253.999.91
EPS in Rs 0.86-0.511.960.071.491.920.88-20.121.771.723.560.811.66

Last Updated: March 4, 2026, 3:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5,7486,6346,8666,3346,3675,7194,1133,1173,3971,387992958916
Expenses 5,6106,4786,6806,1606,2645,5764,1713,2003,3861,4039961,045947
Operating Profit 138156186175103143-58-8311-16-3-87-31
OPM % 2%2%3%3%2%2%-1%-3%0%-1%-0%-9%-3%
Other Income 109-2211381166764341456100
Interest 535475784559504332136611
Depreciation 2233333332222
Profit before tax 931091061156816255-5419933-8957
Tax % 32%32%37%34%19%24%37%4%24%44%3%6%
Net Profit 637467765512435-5615532-9445
EPS in Rs 10.5812.4511.2312.689.2720.705.82-9.432.460.875.44-15.957.75
Dividend Payout % 6%16%13%12%8%2%0%0%0%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 (%)17.46%-9.46%13.43%-27.63%125.45%-71.77%-260.00%126.79%-66.67%540.00%-393.75%
Change in YoY Net Profit Growth (%)0.00%-26.92%22.89%-41.06%153.09%-197.23%-188.23%386.79%-193.45%606.67%-933.75%

Kothari Products 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:-18%
5 Years:-25%
3 Years:-34%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-399%
Stock Price CAGR
10 Years:2%
5 Years:20%
3 Years:2%
1 Year:-12%
Return on Equity
10 Years:2%
5 Years:-2%
3 Years:-1%
Last Year:-7%

Last Updated: September 5, 2025, 9:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:32 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7203030303030303030306060
Reserves 7928408689289831,1001,1411,0301,0531,1241,1661,0361,062
Borrowings 3242653952835281,1411,1051,02534327582264256
Other Liabilities 3,2314,1043,4762,6482,0231,0175324643415155138153
Total Liabilities 4,3535,2294,7693,8893,5633,2882,8082,5491,7671,4791,3331,4971,530
Fixed Assets 6159358614716616481797047105106
CWIP 00000100001500
Investments 1,7712,0571,87327333850241259236325435540
Other Assets 2,5213,1122,8623,5293,0783,0702,6202,4561,6301,173946957885
Total Assets 4,3535,2294,7693,8893,5633,2882,8082,5491,7671,4791,3331,4971,530

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 126295-22412-781-1,272-63120670241162100
Cash from Investing Activity + -98-283232135550814597413-16835-98
Cash from Financing Activity + -54-10357-190189548-89-138-714-81-19851
Net Cash Flow -26-9065-42-4190-9356-31-8-153
Free Cash Flow 116293-22720-845-1,291-6312566823917998
CFO/OP 122%213%-102%28%-726%-856%101%-146%5,865%-1,534%-4,785%-122%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-186.00-109.00-209.00-108.00-425.00142.00-59.00-84.00-332.00-291.00-85.00-351.00

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 12113812497107150187240136215252172
Inventory Days 13111211131013012228
Days Payable 17017317515611766445034111727
Cash Conversion Cycle -36-24-39-49294155190103206238173
Working Capital Days -76-73-60151064111130103223284190
ROCE %13%14%15%15%8%12%5%-2%3%2%3%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs 0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 25.01%25.01%25.01%25.01%25.01%25.01%25.00%25.01%25.02%25.00%25.00%25.02%
No. of Shareholders 7,9288,2888,5918,7349,9719,94610,48511,51712,64412,32012,43712,138

Shareholding Pattern Chart

No. of Shareholders

Kothari Products 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 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -15.9510.891.744.92-18.86
Diluted EPS (Rs.) -15.9510.891.744.92-18.86
Cash EPS (Rs.) -15.387.091.905.61-13.66
Book Value[Excl.RevalReserv]/Share (Rs.) 183.54400.86386.78362.94375.48
Book Value[Incl.RevalReserv]/Share (Rs.) 183.54400.86386.78362.94375.48
Revenue From Operations / Share (Rs.) 160.47332.56464.801138.351044.59
PBDIT / Share (Rs.) -13.569.457.6117.831.65
PBIT / Share (Rs.) -13.888.826.8116.910.64
PBT / Share (Rs.) -14.826.762.486.23-13.89
Net Profit / Share (Rs.) -15.706.451.104.69-14.67
NP After MI And SOA / Share (Rs.) -15.9510.891.744.92-18.87
PBDIT Margin (%) -8.452.841.631.560.15
PBIT Margin (%) -8.642.651.461.480.06
PBT Margin (%) -9.232.030.530.54-1.33
Net Profit Margin (%) -9.781.940.230.41-1.40
NP After MI And SOA Margin (%) -9.933.270.370.43-1.80
Return on Networth / Equity (%) -8.692.710.441.35-5.02
Return on Capital Employeed (%) -6.592.081.563.770.12
Return On Assets (%) -6.362.430.350.83-2.15
Long Term Debt / Equity (X) 0.100.050.120.230.36
Total Debt / Equity (X) 0.240.060.230.310.91
Asset Turnover Ratio (%) 0.670.700.850.580.77
Current Ratio (X) 3.9812.676.063.502.13
Quick Ratio (X) 3.6812.586.023.492.13
Inventory Turnover Ratio (X) 24.45144.450.000.000.00
Interest Coverage Ratio (X) -14.304.591.761.670.11
Interest Coverage Ratio (Post Tax) (X) -15.554.141.251.44-0.01
Enterprise Value (Cr.) 611.34391.89573.54610.951111.23
EV / Net Operating Revenue (X) 0.630.390.410.170.35
EV / EBITDA (X) -7.5513.8925.2711.48225.40
MarketCap / Net Operating Revenue (X) 0.420.340.240.110.06
Price / BV (X) 0.370.280.290.350.16
Price / Net Operating Revenue (X) 0.420.340.240.110.06
EarningsYield -0.230.090.010.03-0.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kothari Products Ltd. is a Public Limited Listed company incorporated on 17/09/1983 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L16008UP1983PLC006254 and registration number is 006254. Currently Company is involved in the business activities of Wholesale of computers, computer peripheral equipment and software. Company's Total Operating Revenue is Rs. 303.70 Cr. and Equity Capital is Rs. 59.69 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Pan Masala/Tobacco ProductsPan Parag House, 24/19, The Mall, Kanpur Uttar Pradesh 208001Contact not found
Management
NamePosition Held
Mr. Deepak KothariChairman & Managing Director
Mr. Mitesh KothariExecutive Director
Mrs. Poonam AcharyaDirector
Mr. Deepak Gambhirdas GandhiDirector
Mr. Pradeep KumarDirector
Mr. Jayant ChaturvediDirector

FAQ

What is the intrinsic value of Kothari Products Ltd and is it undervalued?

As of 14 April 2026, Kothari Products Ltd's intrinsic value is ₹125.91, which is 103.08% higher than the current market price of ₹62.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.60 %), book value (₹188), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kothari Products Ltd?

Kothari Products Ltd is trading at ₹62.00 as of 14 April 2026, with a FY2026-2027 high of ₹109 and low of ₹57.3. The stock is currently near its 52-week low. Market cap stands at ₹370 Cr..

How does Kothari Products Ltd's P/E ratio compare to its industry?

Kothari Products Ltd has a P/E ratio of 10.3, which is below the industry average of 10.30. This is broadly in line with or below the industry average.

Is Kothari Products Ltd financially healthy?

Key indicators for Kothari Products Ltd: ROCE of 4.68 % is on the lower side compared to the industry average of 4.68%; ROE of 6.60 % is below ideal levels (industry average: 6.60%). Dividend yield is 0.00 %.

Is Kothari Products Ltd profitable and how is the profit trend?

Kothari Products Ltd reported a net profit of ₹-94 Cr in Mar 2025 on revenue of ₹958 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows a declining trend.

Does Kothari Products Ltd pay dividends?

Kothari Products Ltd has a dividend yield of 0.00 % at the current price of ₹62.00. 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 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
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