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

Kothari Sugars & Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹7.07Overvalued by 69.91%vs CMP ₹23.50

P/E (15.0) × ROE (1.7%) × BV (₹34.20) × DY (2.00%)

Defaults: P/E=15

₹14.58Overvalued by 37.96%vs CMP ₹23.50
MoS: -61.2% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.8819%Over (-79.2%)
Graham NumberEarnings₹22.1917%Fair (-5.6%)
Earnings PowerEarnings₹22.2111%Fair (-5.5%)
DCFCash Flow₹0.0414%Over (-99.8%)
Net Asset ValueAssets₹34.118%Under (+45.1%)
EV/EBITDAEnterprise₹20.1310%Over (-14.3%)
Earnings YieldEarnings₹6.408%Over (-72.8%)
ROCE CapitalReturns₹16.178%Over (-31.2%)
Revenue MultipleRevenue₹18.686%Over (-20.5%)
Consensus (9 models)₹14.58100%Overvalued
Key Drivers: EPS CAGR -31.1% drags value — could be higher if earnings stabilize. | ROE 1.7% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -31.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

37
Kothari Sugars & Chemicals Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 3.2% WeakROE 1.7% WeakD/E 0.89 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 73.5% Stable
Earnings Quality40/100 · Moderate
OPM contracting (11% → 7%) Declining
Quarterly Momentum15/100 · Weak
Revenue (4Q): -35% YoY DecliningProfit (4Q): -69% YoY DecliningOPM: -9.0% (down 13.0% YoY) Margin pressure
Industry Rank20/100 · Weak
ROCE 3.2% vs industry 8.6% Below peersROE 1.7% vs industry 7.9% Below peers3Y sales CAGR: -10% 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 195 Cr.
Current Price 23.5
Intrinsic Value₹14.58
High / Low 41.4/22.5
Stock P/E
Book Value 34.2
Dividend Yield0.00 %
ROCE3.22 %
ROE1.69 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Kothari Sugars & Chemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kothari Sugars & Chemicals Ltd 195 Cr. 23.5 41.4/22.5 34.20.00 %3.22 %1.69 % 10.0
Rana Sugars Ltd 189 Cr. 12.3 17.9/10.05.71 36.40.00 %7.67 %5.99 % 10.0
Sakthi Sugars Ltd 172 Cr. 14.5 28.5/13.311.0 14.80.00 %11.8 %23.7 % 10.0
KM Sugar Mills Ltd 238 Cr. 25.9 33.5/22.54.32 39.40.00 %11.2 %11.2 % 2.00
Ponni Sugars (Erode) Ltd 243 Cr. 283 369/25212.4 6241.06 %5.18 %3.56 % 10.0
Industry Average2,024.68 Cr265.4020.73225.550.76%8.62%7.89%6.37

All Competitor Stocks of Kothari Sugars & Chemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12820716311313294901028336676870
Expenses 1361791331011339189917939667676
Operating Profit -8293012-031113-31-8-6
OPM % -6%14%18%10%-0%3%1%10%4%-8%2%-12%-9%
Other Income 26344544966222
Interest 1011012101211
Depreciation 4434444444444
Profit before tax -10312811-04-1109-12-1112
Tax % -28%22%35%51%-3,850%-49%-35%36%39%-32%24%-33%1%
Net Profit -72418516-165-11-712
EPS in Rs -0.882.862.160.620.090.68-0.060.750.65-0.080.15-0.871.44

Last Updated: February 5, 2026, 6:16 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 323340247317287332352419422609503310241
Expenses 302331229280259309324386373548458298257
Operating Profit 21918362823283350614412-16
OPM % 7%3%7%11%10%7%8%8%12%10%9%4%-7%
Other Income 9117-1-5201110812152337
Interest 10578677544444
Depreciation 16161515141313141414141515
Profit before tax 5-03133231923395542172
Tax % 39%1,200%58%17%82%44%-2%19%14%24%30%38%
Net Profit 3-51100131919344229105
EPS in Rs 0.34-0.550.141.260.061.532.342.294.115.063.561.260.64
Dividend Payout % 149%0%0%40%0%33%0%0%0%20%14%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-266.67%120.00%900.00%-100.00%46.15%0.00%78.95%23.53%-30.95%-65.52%
Change in YoY Net Profit Growth (%)0.00%386.67%780.00%-1000.00%146.15%-46.15%78.95%-55.42%-54.48%-34.56%

Kothari Sugars & Chemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-3%
3 Years:-10%
TTM:-33%
Compounded Profit Growth
10 Years:11%
5 Years:-20%
3 Years:-47%
TTM:-35%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:-10%
1 Year:-43%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:9%
Last Year:2%

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

Balance Sheet

Last Updated: January 7, 2026, 3:58 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 83838383838383838383838383
Reserves 38343549566984103137175196206200
Borrowings 14416617514612011684365738705049
Other Liabilities 110757610311012312411911813713511187
Total Liabilities 375358368380370391375341395433483451419
Fixed Assets 219209195191178167172162153152164150150
CWIP 60000100190410
Investments 16181820334830587172100133116
Other Assets 135131155169159174172121170200219162143
Total Assets 375358368380370391375341395433483451419

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 64-13252537262782-3451652
Cash from Investing Activity + -1814-100-113-29-13-19-36-28
Cash from Financing Activity + -5718-22-28-36-10-30-1-11-15-12-4
Net Cash Flow -1068-1415052-2711-3221
Free Cash Flow 51-13251336221077-724-247
CFO/OP 303%-124%143%74%141%133%110%263%8%88%51%472%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-123.00-157.00-157.00-110.00-92.00-93.00-56.00-3.00-7.0023.00-26.00-38.00

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 15914162319281821171620
Inventory Days 152139236235224216181101165117180161
Days Payable 7245608813312711195997393110
Cash Conversion Cycle 951031891621141089924886110371
Working Capital Days 302080-17-10-1216243036
ROCE %5%1%3%9%7%10%8%10%17%18%14%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 0.69%0.67%0.65%0.66%0.66%0.65%0.62%0.60%0.56%0.59%0.22%0.17%
DIIs 0.83%0.83%0.83%0.83%0.67%0.66%0.66%0.66%0.66%0.63%0.63%0.62%
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 24.94%24.96%24.98%24.97%25.12%25.14%25.18%25.20%25.24%25.23%25.61%25.67%
No. of Shareholders 46,62746,01163,34762,93570,58671,76271,76271,72371,37769,87268,59866,540

Shareholding Pattern Chart

No. of Shareholders

Kothari Sugars & Chemicals 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 18Mar 17Mar 16Mar 15Mar 14
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.281.440.37-0.260.43
Diluted EPS (Rs.) 0.281.440.37-0.260.43
Cash EPS (Rs.) 1.713.061.911.392.18
Book Value[Excl.RevalReserv]/Share (Rs.) 16.8517.4115.6615.5216.06
Book Value[Incl.RevalReserv]/Share (Rs.) 16.8517.4115.6615.5216.06
Revenue From Operations / Share (Rs.) 34.6238.2129.7541.0239.02
PBDIT / Share (Rs.) 3.985.052.972.523.64
PBIT / Share (Rs.) 2.313.291.200.591.70
PBT / Share (Rs.) 0.301.560.34-0.020.49
Net Profit / Share (Rs.) 0.041.300.13-0.530.23
NP After MI And SOA / Share (Rs.) 0.271.440.36-0.260.43
PBDIT Margin (%) 11.5013.229.976.149.32
PBIT Margin (%) 6.678.604.031.444.35
PBT Margin (%) 0.864.081.16-0.051.27
Net Profit Margin (%) 0.113.390.46-1.310.61
NP After MI And SOA Margin (%) 0.793.771.23-0.631.11
Return on Networth / Equity (%) 1.648.282.33-1.682.70
Return on Capital Employeed (%) 9.1111.543.901.804.85
Return On Assets (%) 0.602.980.79-0.580.92
Long Term Debt / Equity (X) 0.250.370.710.830.86
Total Debt / Equity (X) 0.730.781.061.160.89
Asset Turnover Ratio (%) 0.730.820.660.910.83
Current Ratio (X) 1.071.141.331.461.46
Quick Ratio (X) 0.290.260.400.450.40
Inventory Turnover Ratio (X) 1.471.921.832.582.51
Dividend Payout Ratio (NP) (%) 217.730.000.000.00115.05
Dividend Payout Ratio (CP) (%) 30.890.000.000.0021.03
Earning Retention Ratio (%) -117.730.000.000.00-15.05
Cash Earning Retention Ratio (%) 69.110.000.000.0078.97
Interest Coverage Ratio (X) 5.085.163.474.113.03
Interest Coverage Ratio (Post Tax) (X) 2.623.091.160.121.20
Enterprise Value (Cr.) 116.17126.76138.08160.99139.15
EV / Net Operating Revenue (X) 0.400.400.550.470.43
EV / EBITDA (X) 3.523.035.617.714.61
MarketCap / Net Operating Revenue (X) 0.050.050.060.040.05
Retention Ratios (%) -117.730.000.000.00-15.05
Price / BV (X) 0.110.110.120.120.12
Price / Net Operating Revenue (X) 0.050.050.060.040.05
EarningsYield 0.130.720.18-0.130.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 310.02 Cr. and Equity Capital is Rs. 82.89 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SugarKothari Buildings, No.115, Mahatma Gandhi Salai, Chennai (Madras) Tamil Nadu 600034Contact not found
Management
NamePosition Held
Mrs. Nina B KothariChairperson & Non Executive Director
Mr. Arjun B KothariManaging Director
Mr. M Silvester GoldwinWhole Time Director
Mr. Abdul Kareem SaitIndependent Director
Mr. M R MohanIndependent Director
Mr. S SundarramanIndependent Director

FAQ

What is the intrinsic value of Kothari Sugars & Chemicals Ltd and is it undervalued?

As of 14 April 2026, Kothari Sugars & Chemicals Ltd's intrinsic value is ₹14.58, which is 37.96% lower than the current market price of ₹23.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.69 %), book value (₹34.2), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Kothari Sugars & Chemicals Ltd is trading at ₹23.50 as of 14 April 2026, with a FY2026-2027 high of ₹41.4 and low of ₹22.5. The stock is currently near its 52-week low. Market cap stands at ₹195 Cr..

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

Kothari Sugars & Chemicals Ltd has a P/E ratio of , which is below the industry average of 20.73. This is broadly in line with or below the industry average.

Is Kothari Sugars & Chemicals Ltd financially healthy?

Key indicators for Kothari Sugars & Chemicals Ltd: ROCE of 3.22 % is on the lower side compared to the industry average of 8.62%; ROE of 1.69 % is below ideal levels (industry average: 7.89%). Dividend yield is 0.00 %.

Is Kothari Sugars & Chemicals Ltd profitable and how is the profit trend?

Kothari Sugars & Chemicals Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹310 Cr. Compared to ₹34 Cr in Mar 2022, the net profit shows a declining trend.

Does Kothari Sugars & Chemicals Ltd pay dividends?

Kothari Sugars & Chemicals Ltd has a dividend yield of 0.00 % at the current price of ₹23.50. 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 Sugars & Chemicals 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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