Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.69 | 28.58 | 31.99 | 26.36 | 25.17 | 30.53 | 32.18 | 23.75 | 23.96 | 31.95 | 32.47 | 30.41 |
| Expenses | 24.01 | 25.87 | 27.77 | 22.97 | 24.29 | 27.35 | 27.75 | 22.09 | 24.41 | 29.57 | 29.56 | 27.77 |
| Operating Profit | -1.32 | 2.71 | 4.22 | 3.39 | 0.88 | 3.18 | 4.43 | 1.66 | -0.45 | 2.38 | 2.91 | 2.64 |
| OPM % | -5.82% | 9.48% | 13.19% | 12.86% | 3.50% | 10.42% | 13.77% | 6.99% | -1.88% | 7.45% | 8.96% | 8.68% |
| Other Income | 0.03 | 0.00 | 0.02 | 0.06 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.01 | 0.73 | 0.04 |
| Interest | 0.84 | 0.85 | 0.96 | 0.88 | 0.83 | 0.85 | 1.03 | 0.80 | 0.90 | 0.91 | 1.09 | 0.91 |
| Depreciation | 1.41 | 1.41 | 1.41 | 1.61 | 1.61 | 1.61 | 1.61 | 1.75 | 1.75 | 1.75 | 1.75 | 1.74 |
| Profit before tax | -3.54 | 0.45 | 1.87 | 0.96 | -1.56 | 0.72 | 1.82 | -0.89 | -3.10 | -0.27 | 0.80 | 0.03 |
| Tax % | -1.98% | 15.56% | 53.48% | -14.58% | 12.18% | 43.06% | 41.76% | 26.97% | -0.65% | 40.74% | -58.75% | -100.00% |
| Net Profit | -3.47 | 0.38 | 0.87 | 1.10 | -1.75 | 0.41 | 1.05 | -1.12 | -3.08 | -0.38 | 1.27 | 0.06 |
| EPS in Rs | -2.31 | 0.25 | 0.58 | 0.73 | -1.17 | 0.27 | 0.70 | -0.75 | -2.05 | -0.25 | 0.85 | 0.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 79 | 88 | 96 | 97 | 96 | 97 | 110 | 109 | 114 | 112 | 119 |
| Expenses | 71 | 70 | 76 | 78 | 82 | 81 | 87 | 101 | 104 | 102 | 106 | 111 |
| Operating Profit | 6 | 9 | 12 | 18 | 15 | 14 | 10 | 9 | 5 | 12 | 7 | 7 |
| OPM % | 8% | 11% | 14% | 18% | 15% | 15% | 11% | 8% | 4.7% | 10% | 6% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 1 | 2 | 2 | 2 | 2 | 4 | 3 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 2 | 3 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 7 | 7 |
| Profit before tax | 3 | 5 | 7 | 12 | 11 | 6 | 2 | 0 | -4 | 2 | -3 | -3 |
| Tax % | 34% | 34% | 26% | 30% | 30% | 17% | 79% | 34% | 25% | 58% | -14% | |
| Net Profit | 2 | 3 | 5 | 9 | 8 | 5 | 0 | 0 | -5 | 1 | -3 | -2 |
| EPS in Rs | 1.26 | 2.14 | 3.55 | 5.81 | 5.11 | 3.21 | 0.21 | 0.13 | -3.27 | 0.54 | -1.99 | -1.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 4% | 3% | 1% | 6% | ||
| Compounded Profit Growth | % | % | % | -51% | ||
| Stock Price CAGR | 2% | -8% | -17% | -14% | ||
| Return on Equity | 5% | -2% | -4% | -5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 14 | 16 | 19 | 24 | 33 | 41 | 45 | 46 | 46 | 41 | 42 | 39 |
| Borrowings | 12 | 16 | 18 | 16 | 23 | 34 | 39 | 45 | 45 | 47 | 43 | 48 |
| Other Liabilities | 8 | 10 | 13 | 12 | 15 | 16 | 17 | 23 | 26 | 29 | 28 | 25 |
| Total Liabilities | 49 | 57 | 65 | 67 | 86 | 106 | 116 | 129 | 131 | 132 | 128 | 127 |
| Fixed Assets | 24 | 34 | 43 | 52 | 52 | 74 | 82 | 80 | 74 | 87 | 92 | 85 |
| CWIP | 6 | 7 | 6 | 1 | 14 | 3 | 7 | 16 | 19 | 8 | 0 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 19 | 16 | 17 | 15 | 20 | 29 | 28 | 33 | 38 | 37 | 36 | 36 |
| Total Assets | 49 | 57 | 65 | 67 | 86 | 106 | 116 | 129 | 131 | 132 | 128 | 127 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5 | 9 | 10 | 11 | 12 | 7 | 15 | 10 | 6 | 9 | 11 | 5 |
| Cash from Investing Activity | -5 | -13 | -10 | -7 | -17 | -16 | -17 | -13 | -3 | -7 | -4 | -6 |
| Cash from Financing Activity | -0 | 3 | 0 | -4 | 5 | 8 | 2 | 3 | -3 | -1 | -7 | 1 |
| Net Cash Flow | 0 | -1 | 0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | -4 | -0 | 4 | -6 | -9 | -2 | -3 | 3 | 1 | 7 | -1 |
| CFO/OP | 119% | 165% | 119% | 102% | 84% | 61% | 110% | 99% | 72% | 167% | 93% | 78% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 22 | 24 | 22 | 26 | 29 | 24 | 21 | 26 | 30 | 30 | 20 |
| Inventory Days | 63 | 62 | 68 | 51 | 104 | 174 | 173 | 166 | 145 | 142 | 177 | 160 |
| Days Payable | 33 | 21 | 41 | 34 | 46 | 54 | 37 | 85 | 79 | 65 | 72 | 46 |
| Cash Conversion Cycle | 54 | 63 | 51 | 39 | 84 | 149 | 160 | 102 | 92 | 107 | 135 | 135 |
| Working Capital Days | 13 | -14 | -16 | -3 | 4 | 13 | -0 | 1 | 11 | -3 | 6 | 49 |
| ROCE % | 8% | 10% | 13% | 16% | 22% | 16% | 10% | 4% | 3% | -0% | 5% | 0% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.91% | 74.91% | 74.91% | 74.91% | 74.91% | 72.36% | 71.67% | 70.15% | 68.87% | 68.87% | 68.87% | 68.87% |
| Public | 25.09% | 25.09% | 25.08% | 25.08% | 25.09% | 27.65% | 28.34% | 29.86% | 31.12% | 31.13% | 31.13% | 31.12% |
| No. of Shareholders | 11,076 | 11,505 | 11,181 | 11,050 | 10,944 | 11,171 | 11,251 | 11,618 | 11,734 | 11,616 | 11,466 | 11,421 |
Fundamentals
Market Cap₹ 60.3 Cr.
Current Price₹ 40.2
Book Value₹ 36.0
ROCE0.25 %
ROE-5.39 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)-51%
Standalone figures.
Valuation
Market capRs 60 Cr
Enterprise valueRs 107 Cr
Price to book1.11x
Price to sales0.50x
EV / EBITDA12.91x
EV / EBIT83.99x
EV / sales0.90x
Price to cash flow11.87x
Earnings yield-3.55%
P/E, 3-year average113.33x
P/B, 3-year average1.50x
P/E, 5-year average267.38x
P/B, 5-year average1.48x
Profitability
Operating margin (excl. other income)5.81%
Operating margin (incl. other income)6.46%
EBITDA margin6.95%
Pre-tax margin-2.14%
Net profit margin-1.79%
Net margin, latest quarter0.20%
ROE-5.41%
ROCE0.24%
ROA-2.35%
ROE, 3-year average-4.13%
ROCE, 3-year average1.76%
ROA, 3-year average-1.82%
ROE, 5-year average-2.31%
ROCE, 5-year average2.54%
ROA, 5-year average-1.01%
ROIC (approx.)1.09%
Tax rate13.58%
Other income / net worth1.35%
Growth
Sales growth (latest year)-1.84%
Profit growth (latest year)-469.14%
Sales CAGR, 3 years0.56%
Sales CAGR, 5 years3.25%
Sales growth QoQ-6.34%
Profit growth QoQ-95.28%
Sales growth YoY (latest quarter)28.04%
Per share
EPS (TTM)Rs -1.42
EPS (latest year)Rs -1.99
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs -1.58
EPS, 5-year averageRs -0.88
Book value per shareRs 35.97
Sales per shareRs 79.19
Cash flow per shareRs 3.37
Free cash flow per shareRs -0.67
Efficiency
Asset turnover0.89x
Fixed asset turnover1.32x
Inventory turnover3.65x
Inventory days100 days
Debtor days20 days
Debtors turnover17.88x
Creditor days46 days
Cash conversion cycle135 days
Working capital days49 days
Leverage
Total debtRs 48 Cr
Cash and bankRs 1 Cr
Net debtRs 47 Cr
Debt to equity0.89x
Net debt / EBITDA5.66x
Interest coverage0.33x
Owners' fund to total sources42.63%
Debt to assets37.84%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Sales to cash flow22.20x
Statement figures
Net sales (TTM)Rs 119 Cr
Net sales (latest year)Rs 112 Cr
Sales (latest quarter)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 8 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs -3 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -2 Cr
Net profit (latest year)Rs -3 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 85 Cr
Total expenditure (latest year)Rs 106 Cr
Total income (latest year)Rs 113 Cr
Share capitalRs 15 Cr
ReservesRs 39 Cr
Shareholders' fundsRs 54 Cr
Total assetsRs 127 Cr
Net blockRs 85 Cr
Capital work in progressRs 6 Cr
ReceivablesRs 6 Cr
InventoryRs 23 Cr
Other liabilitiesRs 25 Cr
Shares outstanding (crore)1.50
Ownership
Promoter holding68.87% (-1.28 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.11 is at the 7th percentile (median 1.74).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 507474 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.4% | -2.8% | -2.6 pts |
| 1 month | -7.9% | -6.8% | -1.2 pts |
| 3 months | -9.1% | -7.6% | -1.5 pts |
| 3 years | -45.6% | +14.2% | -59.8 pts |
| 5 years | -36.7% | +27.9% | -64.6 pts |
Red flags
F-score 3 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹30 Cr +28.0% vs Jun 2025.
Net profit ₹0 Cr +105.4%.
Activity
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| Freshara Agro Exports Ltd | 975 | 26.3 | % |
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| Proventus Agrocom Ltd | 673 | 48.5 | 11.5 % |
| Pajson Agro India Ltd | 512 | 20.6 | 31.4 % |
| Hoac Foods India Ltd | 388 | 68.3 | 32.1 % |
| Madhusudan Masala Ltd | 387 | 21.2 | 16.2 % |
| Nutricircle Ltd | 300 | 999 | 4.23 % |
| Chemkart India Ltd | 300 | 15.3 | 27.7 % |
| Megastar Foods Ltd | 290 | 29.5 | 11.6 % |
| Srivari Spices & Foods Ltd | 242 | 15.7 | 28.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Kothari Fermentation & Biochem Ltd?
Kothari Fermentation & Biochem Ltd (507474) has a market capitalisation of Rs 60.3 Cr. at the 2026-10-01 close.
What were Kothari Fermentation & Biochem Ltd's latest quarterly results?
In the Jun 2026 quarter, Kothari Fermentation & Biochem Ltd sales was Rs 30 Cr (+28.0% vs Jun 2025) and net profit was Rs 0 Cr.