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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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. P S GopalakrishnanIndependent Director
Mr. V R DeenadayaluIndependent Director
Mr. P S BalasubramaniamIndependent Director
Mr. C V KrishnanIndependent Director
Mr. M Silvester GoldwinWhole Time Director

Kothari Sugars & Chemicals Ltd. Share Price Update

Share PriceValue
Today₹65.60
Previous Day₹65.70

Basic Stock Data of Kothari Sugars & Chemicals Ltd

Market Cap 526 Cr.
Current Price 63.4
High / Low71.7/32.4
Stock P/E11.1
Book Value 33.4
Dividend Yield1.57 %
ROCE17.6 %
ROE14.9 %
Face Value 10.0

Data Source: screener.in

Competitors of Kothari Sugars & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Parvati Sweetners and Power Ltd 191 Cr. 12.817.5/4.70105 6.730.00 %3.82 %1.60 % 5.00
Shree Renuka Sugars Ltd 9,961 Cr. 46.857.2/39.4 5.590.00 %9.41 %% 1.00
Triveni Engineering & Industries Ltd 7,742 Cr. 354417/25018.2 1230.89 %17.5 %23.3 % 1.00
Bajaj Hindusthan Sugar Ltd 4,432 Cr. 34.740.5/11.4 33.10.00 %0.91 %4.04 % 1.00
Ugar Sugar Works Ltd 906 Cr. 80.5136/76.013.1 15.20.61 %27.3 %60.6 % 1.00
Industry Average4,646.40 Cr105.7627.2636.720.30%11.79%17.91%1.80

Kothari Sugars & Chemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales81.2694.48116.2990.8689.8091.81151.02157.41116.81128.28207.48162.96113.18
Expenses80.9483.71111.6678.8384.6885.36124.93119.78114.49136.43178.65133.19101.47
Operating Profit0.3210.774.6312.035.126.4526.0937.632.32-8.1528.8329.7711.71
OPM %0.39%11.40%3.98%13.24%5.70%7.03%17.28%23.91%1.99%-6.35%13.90%18.27%10.35%
Other Income5.531.181.093.426.680.68-2.890.284.182.095.612.533.61
Interest1.690.910.421.481.580.560.491.561.310.690.341.461.06
Depreciation3.443.453.473.463.493.543.603.523.473.503.553.343.63
Profit before tax0.727.591.8310.516.733.0319.1132.831.72-10.2530.5527.5010.63
Tax %23.61%27.67%35.52%20.46%5.65%3.96%13.97%30.37%-55.23%28.49%22.39%34.87%51.27%
Net Profit0.555.491.198.356.352.9016.4322.872.67-7.3323.7117.905.18
EPS in Rs0.070.660.141.010.770.351.982.760.32-0.882.862.160.62

Kothari Sugars & Chemicals Ltd Quarterly Chart

Kothari Sugars & Chemicals Ltd Profit & Loss

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:3%
5 Years:16%
3 Years:20%
TTM:11%
Compounded Profit Growth
10 Years:16%
5 Years:73%
3 Years:36%
TTM:33%
Stock Price CAGR
10 Years:24%
5 Years:43%
3 Years:32%
1 Year:63%
Return on Equity
10 Years:8%
5 Years:12%
3 Years:13%
Last Year:15%

Kothari Sugars & Chemicals Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -6-364-13252537262782-345
Cash from Investing Activity 5-36-1814-100-113-29-13-19
Cash from Financing Activity -2138-5718-22-28-36-10-30-1-11-15
Net Cash Flow-23-2-1068-1415052-2711

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

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

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 of Kothari Sugars & Chemicals Ltd Stock

Fair Value: ₹56.11

The stock is overvalued by 11.50% compared to the current price ₹63.4

*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 higher reserves (80.46 cr) compared to borrowings (2.23 cr), indicating strong financial stability.
  3. 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.

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