KANORICHEM

Kanoria Chemicals & Industries financials

Market cap
₹737 Cr
Sector
Capital Goods

What Kanoria Chemicals & Industries Limited does

Kanoria Chemicals & Industries Limited's Alco Chemicals Division manufactures formaldehyde, pentaerythritol, hexamine, sodium formate, phenolic resins and acetaldehyde for the construction, infrastructure, paint, pharma and agrochemicals industries, using in-house-developed process technology at plants in Gujarat and Andhra Pradesh. Its wholly owned Ethiopian subsidiary, Kanoria Africa Textiles plc (KAT), runs an integrated denim manufacturing unit. Through its material subsidiary APAG Holding AG (APAG CoSyst Group), the company also manufactures electronics for automotive and industrial OEMs in Europe and North America, though APAG's equity stake is being diluted to about 14.3% after a strategic investor (Anand Group) acquired 63% of APAG.

Segments

  • Alco Chemicals
  • Textiles (Ethiopia)
  • Electronics Automotive (APAG)
  • Solar Power
Manufacturing locations (Alco Chemicals)
3 (Ankleshwar, Gujarat; Vizag & Naidupet, Andhra Pradesh)
Total Formaldehyde capacity
1,400 TPD across all locations
Total Hexamine capacity
52 TPD
Newly commissioned Formaldehyde plant
345 TPD (Ankleshwar, Sep 2024)
Newly commissioned Hexamine plant
18 TPD (Ankleshwar, Sep 2024)
Permanent employees
389
Founded 1960Headquarters Kolkata, West Bengal, IndiaEmployees 389 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 129.9%, net profit up 620.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue161 162 193 187 191 +19%231 +43%267 +38%430 +130%
EBITDA11 8 14 11 13 +18%13 +63%17 +21%37 +236%
Net profit0 -20 -19 -5 6 4 +120%29 +253%26 +620%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +97.6% 1Y

₹50₹100₹150Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹85.87 on 10 Sept 2025 → ₹169.64. High ₹175.14 (10 Sept 2026), low ₹56.14 (30 Mar 2026).

Financials, as filed

Revenue fell 17.8% a year over 3 years, FY23 to FY26. Operating margin widened to 6.2%.

Year endingFY23FY24FY25FY26
Revenue₹1.6k Cr₹577 Cr₹678 Cr₹876 Cr
Operating profit₹73 Cr₹6 Cr₹40 Cr₹54 Cr
Operating margin4.6%1.0%5.9%6.2%
Interest₹36 Cr₹12 Cr₹16 Cr₹19 Cr
Depreciation₹58 Cr₹20 Cr₹19 Cr₹23 Cr
Net profit₹-13 Cr₹-1 Cr₹-37 Cr₹34 Cr
Net margin-0.8%-0.2%-5.5%3.9%
Cash from operations₹25 Cr₹26 Cr₹11 Cr₹74 Cr
Free cash flow₹13 Cr₹-6 Cr₹-22 Cr₹30 Cr
ROCE1.0%1.0%4.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr
Reserves₹592 Cr₹617 Cr₹619 Cr₹617 Cr₹510 Cr₹616 Cr
Borrowings₹124 Cr₹97 Cr₹124 Cr₹143 Cr₹327 Cr₹183 Cr
Other liabilities₹131 Cr₹165 Cr₹142 Cr₹162 Cr₹249 Cr₹230 Cr
Total liabilities₹869 Cr₹901 Cr₹907 Cr₹944 Cr₹1.1k Cr₹1.1k Cr
Fixed assets₹404 Cr₹400 Cr₹405 Cr₹380 Cr₹709 Cr₹438 Cr
Capital work in progress₹13 Cr₹5 Cr₹0 Cr₹32 Cr₹18 Cr₹26 Cr
Investments₹143 Cr₹209 Cr₹218 Cr₹210 Cr₹53 Cr₹183 Cr
Other assets₹309 Cr₹287 Cr₹284 Cr₹323 Cr₹327 Cr₹405 Cr
Total assets₹869 Cr₹901 Cr₹907 Cr₹944 Cr₹1.1k Cr₹1.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 12% to 15,700.

Promoters
74.4%
FIIs
0.1%
DIIs
0.1%
Public
25.5%

Since Jun 2025

  • FIIs −0.01 pp
  • Public +0.01 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.4%, FIIs 0.0%, DIIs 0.1%, Public 25.5%.Dec '23: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.4%.Mar '24: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.4%.Jun '24: Promoters 74.4%, FIIs 0.2%, DIIs 0.1%, Public 25.3%.Sep '24: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.5%.Dec '24: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.5%.Mar '25: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.5%.Jun '25: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.5%.Sep '25: Promoters 74.4%, FIIs 0.0%, DIIs 0.1%, Public 25.5%.Dec '25: Promoters 74.4%, FIIs 0.0%, DIIs 0.1%, Public 25.5%.Mar '26: Promoters 74.4%, FIIs 0.0%, DIIs 0.1%, Public 25.5%.Jun '26: Promoters 74.4%, FIIs 0.1%, DIIs 0.1%, Public 25.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Kanoria Chemicals & Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vardhan Limited 59.94%unchanged
R V Investment And Dealers Limited 7.35%unchanged
Sanjiv Dhireshbhai Shah 3.97%+1.18 pp
Kirtivardhan Finvest Services Limited 2.64%unchanged
Saumya Vardhan Kanoria 1.27%unchanged
Madhuvanti Kanoria 1.14%unchanged
Rajya Vardhan Kanoria 1.06%unchanged
Anand Vardhan Kanoria 0.99%unchanged
Citibank International Plc A/C, Indian Exch, Investment Co Ltd Indian Equity, Port Folio FPI fund0.04%unchanged
Anuja Tantia 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Kanoria Chemicals & Industries Limited

Guides on how to read this kind of business and the numbers that matter.