KOTHARIPET
Kothari Petrochemicals financials
- Market cap
- ₹815 Cr
- Sector
- Chemicals
What Kothari Petrochemicals Limited does
Kothari Petrochemicals Limited manufactures Polyisobutylene (PIB) at a single integrated plant in Sathangadu Village, Manali, Chennai, Tamil Nadu. The plant runs its own Captive Power Plant supplemented by rooftop solar for its energy needs, and the company exports part of its PIB output. It holds ISO 9001, ISO 14001, ISO 45001 and ISO 50001 certifications for quality, environmental, safety and energy management, and operates a DSIR-recognized in-house R&D unit that develops new PIB applications.
Segments
- Polyisobutylene (PIB) manufacturing
- Manufacturing plants
- 1 (Manali, Chennai, Tamil Nadu)
- PIB production volume
- 37,995 MT (FY2024-25)
- Production vs annual target
- 87.6% (FY2024-25)
- Plant operating days
- 354 days (FY2024-25)
- Captive Power Plant operating days
- 301 days (FY2024-25)
- Installed solar power capacity
- 307 kW (247 kW existing + 60 kW added in FY2024-25)
Quarterly results
Q1 FY27: revenue down 9.3%, net profit down 5.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 131 | 153 | 161 | 143 −5% | 135 +3% | 153 +0% | 146 −9% |
| EBITDA | 21 | 18 | 23 | 23 | 25 +19% | 25 +39% | 24 +4% | 22 −4% |
| Net profit | 16 | 13 | 17 | 18 | 18 +13% | 19 +46% | 18 +6% | 17 −6% |
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 −14.5% 1Y
1Y: ₹162.1 on 10 Sept 2025 → ₹138.57. High ₹162.1 (10 Sept 2025), low ₹95.12 (30 Mar 2026).
Financials, as filed
Revenue grew 7.0% a year over 3 years, FY23 to FY26. Operating margin widened to 16.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹483 Cr | ₹604 Cr | ₹579 Cr | ₹592 Cr |
| Operating profit | ₹57 Cr | ₹95 Cr | ₹80 Cr | ₹97 Cr |
| Operating margin | 11.8% | 15.7% | 13.8% | 16.4% |
| Interest | ₹3 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹39 Cr | ₹64 Cr | ₹65 Cr | ₹73 Cr |
| Net margin | 8.1% | 10.6% | 11.2% | 12.3% |
| Cash from operations | ₹26 Cr | ₹72 Cr | ₹59 Cr | ₹81 Cr |
| Free cash flow | ₹7 Cr | ₹57 Cr | ₹-27 Cr | ₹62 Cr |
| ROCE | 29.0% | 42.0% | 30.0% | 29.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹59 Cr | ₹59 Cr | ₹59 Cr | ₹59 Cr | ₹59 Cr | ₹59 Cr |
| Reserves | ₹64 Cr | ₹97 Cr | ₹133 Cr | ₹187 Cr | ₹277 Cr | ₹313 Cr |
| Borrowings | ₹4 Cr | ₹12 Cr | ₹23 Cr | ₹0 Cr | ₹3 Cr | ₹2 Cr |
| Other liabilities | ₹44 Cr | ₹55 Cr | ₹55 Cr | ₹72 Cr | ₹70 Cr | ₹67 Cr |
| Total liabilities | ₹171 Cr | ₹223 Cr | ₹270 Cr | ₹319 Cr | ₹409 Cr | ₹442 Cr |
| Fixed assets | ₹96 Cr | ₹93 Cr | ₹121 Cr | ₹130 Cr | ₹209 Cr | ₹214 Cr |
| Capital work in progress | ₹3 Cr | ₹18 Cr | ₹3 Cr | ₹1 Cr | ₹5 Cr | ₹8 Cr |
| Investments | ₹15 Cr | ₹33 Cr | ₹41 Cr | ₹74 Cr | ₹81 Cr | ₹104 Cr |
| Other assets | ₹57 Cr | ₹79 Cr | ₹105 Cr | ₹114 Cr | ₹114 Cr | ₹115 Cr |
| Total assets | ₹171 Cr | ₹223 Cr | ₹270 Cr | ₹319 Cr | ₹409 Cr | ₹442 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
Since Jun 2025, promoters added +1.24 pp while the public trimmed −1.24 pp. The shareholder count shrank 8% to 39,301.
- Promoters
- 72.2%
- DIIs
- 0.1%
- Public
- 27.7%
Since Jun 2025
- Promoters +1.24 pp
- Public −1.24 pp
- DIIs +0.01 pp
How it drifted, 12 quarters
Over this window the public fell from 28.9% to 27.7% — −1.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 71.0%, DIIs 0.1%, Public 28.9%.Dec '23: Promoters 71.0%, DIIs 0.1%, Public 28.9%.Mar '24: Promoters 71.0%, FIIs 0.0%, DIIs 0.1%, Public 28.9%.Jun '24: Promoters 71.0%, FIIs 0.0%, DIIs 0.1%, Public 28.9%.Sep '24: Promoters 71.0%, FIIs 0.3%, DIIs 0.1%, Public 28.6%.Dec '24: Promoters 71.0%, FIIs 0.2%, DIIs 0.1%, Public 28.8%.Mar '25: Promoters 71.0%, FIIs 0.0%, DIIs 0.1%, Public 28.9%.Jun '25: Promoters 71.0%, DIIs 0.1%, Public 28.9%.Sep '25: Promoters 72.2%, DIIs 0.1%, Public 27.7%.Dec '25: Promoters 72.2%, DIIs 0.1%, Public 27.7%.Mar '26: Promoters 72.2%, FIIs 0.0%, DIIs 0.1%, Public 27.7%.Jun '26: Promoters 72.2%, DIIs 0.1%, Public 27.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kothari Petrochemicals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| BHK Trading LLP | 61.57% | unchanged |
| Nina Bhadrashyam Kothari | 10.63% | unchanged |
| INDSEC Securities and Finance Limited | 1.93% | unchanged |
| Investor Education and Protection Fund (IEPF) | 1.72% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.72% | unchanged |
| Nexg Ventures India Pvt Ltd | 1.62% | unchanged |
| Arjun Bhadrashyam Kothari | 0.02% | unchanged |
| Anandita Arjun Kothari | 0.00% | unchanged |
| Kothari Sugars and Chemicals Limited | 0.00% | unchanged |
| Nayantara Bhadrashyam Kothari | 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.
What the price assumes
AttractiveTo justify its price of ₹139, this stock must grow earnings at 3% every year for 7 years. Our analysis caps realistic growth at ~23%. At that growth it is worth ₹400 — upside of 189%.
- Growth the price implies
- 2.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 23.2% a year
- net profit, FY23–FY26 · EPS 22.8%
- The gap
- -0.2 pp
- 189% downside if it only repeats history
Learn to analyse Kothari Petrochemicals Limited
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