Fundamental Analysis of Kothari Sugars & Chemicals Ltd

About the Company - Kothari Sugars & Chemicals Ltd

Kothari Sugars & Chemicals Ltd. is a Public Limited Listed company incorporated on 07/11/1960 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L15421TN1960PLC004310 and registration number is 004310. Currently Company is involved in the business activities of Manufacture or refining of sugar (sucrose) from sugercane. Company’s Total Operating Revenue is Rs. 423.49 Cr. and Equity Capital is Rs. 82.89 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Sugar	Kothari Buildings, No.115, Mahatma Gandhi Salai, Chennai (Madras) Tamil Nadu 600034	secdept@hckgroup.com http://www.hckotharigroup.com/kscl

Management
Name	Position Held
Mrs. Nina B Kothari	Chairperson
Mr. Arjun B Kothari	Managing Director
Mr. M Silvester Goldwin	Whole Time Director
Mr. P S Balasubramaniam	Independent Director
Mr. V R Deenadayalu	Independent Director
Mr. P S Gopalakrishnan	Independent Director
Mr. C V Krishnan	Independent Director

Basic Stock Data of Kothari Sugars & Chemicals Ltd

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

Market Cap	494 Cr.
Current Price	59.6
High / Low	71.7/43.0
Stock P/E	17.4
Book Value	33.6
Dividend Yield	1.68 %
ROCE	13.6 %
ROE	10.6 %
Face Value	10.0
PEG Ratio	1.14

Data Source: screener.in

Competitors of Kothari Sugars & Chemicals Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Dhampure Speciality Sugars Ltd	73.6 Cr.	92.8	116/42.0	74.4	33.6	0.00 %	3.15 %	3.78 %	10.0
Dhampur Bio Organics Ltd	895 Cr.	135	189/112	26.4	152	1.85 %	5.02 %	3.67 %	10.0
DCM Shriram Industries Ltd	1,905 Cr.	219	242/110	16.6	93.7	0.91 %	16.1 %	14.9 %	2.00
Davangere Sugar Company Ltd	718 Cr.	7.65	12.0/6.72	59.5	3.61	0.00 %	6.86 %	3.75 %	1.00
Piccadily Agro Industries Ltd	7,431 Cr.	788	903/65.8	84.8	36.0	0.03 %	29.6 %	30.7 %	10.0
Industry Average	2,132.92 Cr	310.46		29.20	214.14	0.72%	10.00%	13.62%	6.43

Kothari Sugars & Chemicals 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	94.48	116.29	90.86	89.80	91.81	151.02	157.41	116.81	128.28	207.48	162.96	113.18	132.31
Expenses	83.71	111.66	78.83	84.68	85.36	124.93	119.78	114.49	136.43	178.65	133.19	101.47	132.58
Operating Profit	10.77	4.63	12.03	5.12	6.45	26.09	37.63	2.32	-8.15	28.83	29.77	11.71	-0.27
OPM %	11.40%	3.98%	13.24%	5.70%	7.03%	17.28%	23.91%	1.99%	-6.35%	13.90%	18.27%	10.35%	-0.20%
Other Income	1.18	1.09	3.42	6.68	0.68	-2.89	0.28	4.18	2.09	5.61	2.53	3.61	4.02
Interest	0.91	0.42	1.48	1.58	0.56	0.49	1.56	1.31	0.69	0.34	1.46	1.06	0.23
Depreciation	3.45	3.47	3.46	3.49	3.54	3.60	3.52	3.47	3.50	3.55	3.34	3.63	3.54
Profit before tax	7.59	1.83	10.51	6.73	3.03	19.11	32.83	1.72	-10.25	30.55	27.50	10.63	-0.02
Tax %	27.67%	35.52%	20.46%	5.65%	3.96%	13.97%	30.37%	-55.23%	28.49%	22.39%	34.87%	51.27%	3,850.00%
Net Profit	5.49	1.19	8.35	6.35	2.90	16.43	22.87	2.67	-7.33	23.71	17.90	5.18	0.76
EPS in Rs	0.66	0.14	1.01	0.77	0.35	1.98	2.76	0.32	-0.88	2.86	2.16	0.62	0.09

Last Updated: July 11, 2024, 7:19 am

Kothari Sugars & Chemicals Ltd Quarterly Chart

Kothari Sugars & Chemicals Ltd Profit & Loss

Last Updated: July 10, 2024, 7:08 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	322	433	323	340	247	317	287	332	352	419	422	609	612
Expenses	288	399	302	331	229	280	259	309	324	386	373	548	550
Operating Profit	34	34	21	9	18	36	28	23	28	33	50	61	62
OPM %	11%	8%	7%	3%	7%	11%	10%	7%	8%	8%	12%	10%	10%
Other Income	3	8	9	11	7	-1	-5	20	11	10	8	12	14
Interest	5	6	10	5	7	8	6	7	7	5	4	4	4
Depreciation	13	17	16	16	15	15	14	13	13	14	14	14	14
Profit before tax	19	19	5	-0	3	13	3	23	19	23	39	55	58
Tax %	55%	55%	39%	-1,200%	58%	17%	82%	44%	-2%	19%	14%	24%
Net Profit	8	9	3	-5	1	10	0	13	19	19	34	42	39
EPS in Rs	1.01	1.04	0.34	-0.55	0.14	1.26	0.06	1.53	2.34	2.29	4.11	5.06	4.76
Dividend Payout %	0%	0%	149%	0%	0%	40%	0%	33%	0%	0%	0%	20%

Kothari Sugars & Chemicals Ltd Profit & Loss Yearly Chart

Kothari Sugars & Chemicals Ltd Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	9%
3 Years:	6%
TTM:	-18%

Compounded Profit Growth
10 Years:	26%
5 Years:	20%
3 Years:	25%
TTM:	-21%

Stock Price CAGR
10 Years:	22%
5 Years:	43%
3 Years:	16%
1 Year:	32%

Return on Equity
10 Years:	9%
5 Years:	12%
3 Years:	14%
Last Year:	11%

Last Updated: July 24, 2024, 5:32 pm

Kothari Sugars & Chemicals Ltd Balance Sheet

Last Updated: July 10, 2024, 7:08 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	83	83	83	83	83	83	83	83	83	83	83	83	83
Reserves	32	40	38	34	35	49	56	69	84	103	137	175	194
Preference Capital	9	8	7	4	1	0	0	0	0	0	0	0
Borrowings	140	180	137	162	174	146	120	116	84	36	57	38	19
Other Liabilities	104	80	117	79	77	103	110	123	124	119	118	137	112
Total Liabilities	358	384	375	358	368	380	370	391	375	341	395	433	407
Fixed Assets	183	227	219	209	195	191	178	167	172	162	153	152	157
CWIP	25	1	6	0	0	0	0	1	0	0	1	9	5
Investments	7	8	16	18	18	20	33	48	30	58	71	72	74
Other Assets	144	148	135	131	155	169	159	174	172	121	170	200	171
Total Assets	358	384	375	358	368	380	370	391	375	341	395	433	407

Kothari Sugars & Chemicals Ltd Reserves and Borrowings Chart

Kothari Sugars & Chemicals 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	-3	64	-13	25	25	37	26	27	82	-3	45	16
Cash from Investing Activity	-36	-18	1	4	-10	0	-11	3	-29	-13	-19	-36
Cash from Financing Activity	38	-57	18	-22	-28	-36	-10	-30	-1	-11	-15	-12
Net Cash Flow	-2	-10	6	8	-14	1	5	0	52	-27	11	-32

Kothari Sugars & Chemicals 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	23	14	15	9	14	16	23	19	28	18	21	17
Inventory Days	143	111	152	139	236	235	224	216	181	101	165	117
Days Payable	68	24	72	45	60	88	133	127	111	95	99	73
Cash Conversion Cycle	98	102	95	103	189	162	114	108	99	24	88	61
Working Capital Days	46	64	34	65	75	68	68	77	74	26	64	47
ROCE %	9%	8%	5%	1%	3%	9%	7%	10%	8%	10%	17%	18%

Kothari Sugars & Chemicals Ltd Financial Efficiency Indicators Chart

Kothari Sugars & Chemicals Ltd Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%	73.53%
FIIs	0.00%	0.00%	0.00%	0.00%	0.78%	0.74%	0.69%	0.67%	0.65%	0.66%	0.66%	0.65%
DIIs	1.90%	2.00%	2.15%	2.21%	0.83%	0.83%	0.83%	0.83%	0.83%	0.83%	0.67%	0.66%
Government	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	24.56%	24.46%	24.31%	24.24%	24.85%	24.89%	24.94%	24.96%	24.98%	24.97%	25.12%	25.14%
No. of Shareholders	37,494	32,375	36,095	37,020	42,419	46,599	46,627	46,011	63,347	62,935	70,586	71,762

Kothari Sugars & Chemicals Ltd Shareholding Pattern Chart

No. of Kothari Sugars & Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Kothari Sugars & Chemicals Ltd ROCE Trend

Kothari Sugars & Chemicals Ltd EPS Trend

Kothari Sugars & Chemicals Ltd Key Financial Ratios

Month	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.28	1.44	0.37	-0.26	0.43
Diluted EPS (Rs.)	0.28	1.44	0.37	-0.26	0.43
Cash EPS (Rs.)	1.71	3.06	1.91	1.39	2.18
Book Value[Excl.RevalReserv]/Share (Rs.)	16.85	17.41	15.66	15.52	16.06
Book Value[Incl.RevalReserv]/Share (Rs.)	16.85	17.41	15.66	15.52	16.06
Revenue From Operations / Share (Rs.)	34.62	38.21	29.75	41.02	39.02
PBDIT / Share (Rs.)	3.98	5.05	2.97	2.52	3.64
PBIT / Share (Rs.)	2.31	3.29	1.20	0.59	1.70
PBT / Share (Rs.)	0.30	1.56	0.34	-0.02	0.49
Net Profit / Share (Rs.)	0.04	1.30	0.13	-0.53	0.23
NP After MI And SOA / Share (Rs.)	0.27	1.44	0.36	-0.26	0.43
PBDIT Margin (%)	11.50	13.22	9.97	6.14	9.32
PBIT Margin (%)	6.67	8.60	4.03	1.44	4.35
PBT Margin (%)	0.86	4.08	1.16	-0.05	1.27
Net Profit Margin (%)	0.11	3.39	0.46	-1.31	0.61
NP After MI And SOA Margin (%)	0.79	3.77	1.23	-0.63	1.11
Return on Networth / Equity (%)	1.64	8.28	2.33	-1.68	2.70
Return on Capital Employeed (%)	9.11	11.54	3.90	1.80	4.85
Return On Assets (%)	0.60	2.98	0.79	-0.58	0.92
Long Term Debt / Equity (X)	0.25	0.37	0.71	0.83	0.86
Total Debt / Equity (X)	0.73	0.78	1.06	1.16	0.89
Asset Turnover Ratio (%)	0.73	0.82	0.66	0.91	0.83
Current Ratio (X)	1.07	1.14	1.33	1.46	1.46
Quick Ratio (X)	0.29	0.26	0.40	0.45	0.40
Inventory Turnover Ratio (X)	1.47	1.92	1.83	2.58	2.51
Dividend Payout Ratio (NP) (%)	217.73	0.00	0.00	0.00	115.05
Dividend Payout Ratio (CP) (%)	30.89	0.00	0.00	0.00	21.03
Earning Retention Ratio (%)	-117.73	0.00	0.00	0.00	-15.05
Cash Earning Retention Ratio (%)	69.11	0.00	0.00	0.00	78.97
Interest Coverage Ratio (X)	5.08	5.16	3.47	4.11	3.03
Interest Coverage Ratio (Post Tax) (X)	2.62	3.09	1.16	0.12	1.20
Enterprise Value (Cr.)	116.17	126.76	138.08	160.99	139.15
EV / Net Operating Revenue (X)	0.40	0.40	0.55	0.47	0.43
EV / EBITDA (X)	3.52	3.03	5.61	7.71	4.61
MarketCap / Net Operating Revenue (X)	0.05	0.05	0.06	0.04	0.05
Retention Ratios (%)	-117.73	0.00	0.00	0.00	-15.05
Price / BV (X)	0.11	0.11	0.12	0.12	0.12
Price / Net Operating Revenue (X)	0.05	0.05	0.06	0.04	0.05
EarningsYield	0.13	0.72	0.18	-0.13	0.21

Kothari Sugars & Chemicals Ltd Profitability Ratios (%)

Kothari Sugars & Chemicals Ltd Liquidity Ratios

Kothari Sugars & Chemicals Ltd Liquidity Ratios (%)

Kothari Sugars & Chemicals Ltd Interest Coverage Ratios (%)

Kothari Sugars & Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 63.01

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: 5.73% compared to the current price 59.6

Intrinsic Value: 72.63

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: 21.86% compared to the current price 59.6

Last 5 Year EPS CAGR: 15.26%

*Investments are subject to market risks

Strength and Weakness of Kothari Sugars & Chemicals Ltd Stock

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 1.82 and average Dividend Yield of 5.02%. The company has shown consistent growth in sales (385.77 cr) and profit (21.46 cr) over the years.	The stock has a low average ROCE of 8.75%, which may not be favorable. The stock has a high average Working Capital Days of 59.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 103.58, which may not be favorable. The company has higher borrowings (111.67) compared to reserves (84.67), which may suggest financial risk.

FAQ

What is the latest fair value of Kothari Sugars & Chemicals Ltd?

The latest fair value of Kothari Sugars & Chemicals Ltd is ₹63.01.

What is the Market Cap of Kothari Sugars & Chemicals Ltd?

The Market Cap of Kothari Sugars & Chemicals Ltd is 494 Cr..

What is the current Stock Price of Kothari Sugars & Chemicals Ltd as on 27 July 2024?

The current stock price of Kothari Sugars & Chemicals Ltd as on 27 July 2024 is 59.6.

What is the High / Low of Kothari Sugars & Chemicals Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kothari Sugars & Chemicals Ltd stocks is 71.7/43.0.

What is the Stock P/E of Kothari Sugars & Chemicals Ltd?

The Stock P/E of Kothari Sugars & Chemicals Ltd is 17.4.

What is the Book Value of Kothari Sugars & Chemicals Ltd?

The Book Value of Kothari Sugars & Chemicals Ltd is 33.6.

What is the Dividend Yield of Kothari Sugars & Chemicals Ltd?

The Dividend Yield of Kothari Sugars & Chemicals Ltd is 1.68 %.

What is the ROCE of Kothari Sugars & Chemicals Ltd?

The ROCE of Kothari Sugars & Chemicals Ltd is 13.6 %.

What is the ROE of Kothari Sugars & Chemicals Ltd?

The ROE of Kothari Sugars & Chemicals Ltd is 10.6 %.

What is the Face Value of Kothari Sugars & Chemicals Ltd?

The Face Value of Kothari Sugars & Chemicals Ltd is 10.0.