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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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.
INDUSTRYADDRESSCONTACT
SugarKothari Buildings, No.115, Mahatma Gandhi Salai, Chennai (Madras) Tamil Nadu 600034secdept@hckgroup.com
http://www.hckotharigroup.com/kscl
Management
NamePosition Held
Mrs. Nina B KothariChairperson
Mr. Arjun B KothariManaging Director
Mr. M Silvester GoldwinWhole Time Director
Mr. P S BalasubramaniamIndependent Director
Mr. V R DeenadayaluIndependent Director
Mr. P S GopalakrishnanIndependent Director
Mr. C V KrishnanIndependent Director

Basic Stock Data of Kothari Sugars & Chemicals Ltd

Last Updated: July 24, 2024, 11:02 pm

Market Cap 491 Cr.
Current Price 59.2
High / Low71.7/43.0
Stock P/E17.3
Book Value 33.6
Dividend Yield1.69 %
ROCE13.6 %
ROE10.6 %
Face Value 10.0
PEG Ratio1.13

Data Source: screener.in

Competitors of Kothari Sugars & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dhampure Speciality Sugars Ltd 73.8 Cr. 93.0116/42.074.5 33.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 881 Cr. 133189/11225.9 1521.88 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,871 Cr. 215242/10616.4 93.70.93 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 714 Cr. 7.6012.0/6.7259.2 3.610.00 %6.86 %3.75 % 1.00
Piccadily Agro Industries Ltd 7,079 Cr. 750903/65.880.8 36.00.03 %29.6 %30.7 % 10.0
Industry Average2,099.96 Cr308.2628.97214.140.74%10.00%13.62%6.43

Kothari Sugars & Chemicals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales94.48116.2990.8689.8091.81151.02157.41116.81128.28207.48162.96113.18132.31
Expenses83.71111.6678.8384.6885.36124.93119.78114.49136.43178.65133.19101.47132.58
Operating Profit10.774.6312.035.126.4526.0937.632.32-8.1528.8329.7711.71-0.27
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 Income1.181.093.426.680.68-2.890.284.182.095.612.533.614.02
Interest0.910.421.481.580.560.491.561.310.690.341.461.060.23
Depreciation3.453.473.463.493.543.603.523.473.503.553.343.633.54
Profit before tax7.591.8310.516.733.0319.1132.831.72-10.2530.5527.5010.63-0.02
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 Profit5.491.198.356.352.9016.4322.872.67-7.3323.7117.905.180.76
EPS in Rs0.660.141.010.770.351.982.760.32-0.882.862.160.620.09

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales322433323340247317287332352419422609612
Expenses288399302331229280259309324386373548550
Operating Profit3434219183628232833506162
OPM %11%8%7%3%7%11%10%7%8%8%12%10%10%
Other Income389117-1-520111081214
Interest56105786775444
Depreciation13171616151514131314141414
Profit before tax19195-03133231923395558
Tax %55%55%39%-1,200%58%17%82%44%-2%19%14%24%
Net Profit893-51100131919344239
EPS in Rs1.011.040.34-0.550.141.260.061.532.342.294.115.064.76
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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital83838383838383838383838383
Reserves324038343549566984103137175194
Preference Capital987410000000
Borrowings1401801371621741461201168436573819
Other Liabilities104801177977103110123124119118137112
Total Liabilities358384375358368380370391375341395433407
Fixed Assets183227219209195191178167172162153152157
CWIP25160000100195
Investments781618182033483058717274
Other Assets144148135131155169159174172121170200171
Total Assets358384375358368380370391375341395433407

Kothari Sugars & Chemicals Ltd Reserves and Borrowings Chart

Kothari Sugars & Chemicals Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -364-13252537262782-34516
Cash from Investing Activity -36-1814-100-113-29-13-19-36
Cash from Financing Activity 38-5718-22-28-36-10-30-1-11-15-12
Net Cash Flow-2-1068-1415052-2711-32

Kothari Sugars & Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days23141591416231928182117
Inventory Days143111152139236235224216181101165117
Days Payable682472456088133127111959973
Cash Conversion Cycle981029510318916211410899248861
Working Capital Days466434657568687774266447
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

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%
FIIs0.00%0.00%0.00%0.00%0.78%0.74%0.69%0.67%0.65%0.66%0.66%0.65%
DIIs1.90%2.00%2.15%2.21%0.83%0.83%0.83%0.83%0.83%0.83%0.67%0.66%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public24.56%24.46%24.31%24.24%24.85%24.89%24.94%24.96%24.98%24.97%25.12%25.14%
No. of Shareholders37,49432,37536,09537,02042,41946,59946,62746,01163,34762,93570,58671,762

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

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue10.0010.0010.0010.0010.00
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
EarningsYield0.130.720.18-0.130.21

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: 62.66

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: 5.84% compared to the current price 59.2

Intrinsic Value: 72.22

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: 21.99% compared to the current price 59.2

Last 5 Year EPS CAGR: 15.26%

*Investments are subject to market risks

Strength and Weakness of Kothari Sugars & Chemicals Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.82 and average Dividend Yield of 5.02%.
  2. The company has shown consistent growth in sales (385.77 cr) and profit (21.46 cr) over the years.
  1. The stock has a low average ROCE of 8.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 59.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 103.58, which may not be favorable.
  4. 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 ₹62.66.

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

The Market Cap of Kothari Sugars & Chemicals Ltd is 491 Cr..

What is the current Stock Price of Kothari Sugars & Chemicals Ltd as on 25 July 2024?

The current stock price of Kothari Sugars & Chemicals Ltd as on 25 July 2024 is 59.2.

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 17.3.

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 1.69 %.

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.

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 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