MarketFriction

Kanoria Chemicals & Industries Ltd

NSE KANORICHEM · BSE 506525 · Industrial Products
₹189.02 -4.91%
NSE close2026-10-01
52 week range56.00 - 206.00
Market cap₹857 Cr.
P/E14.1
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales371342361384177180431201210266304460
Expenses365339333382176165414183204246277415
Operating Profit6329201517186202745
OPM %1.6%0.8%8%0.5%0.1%8%3.9%9%3.0%7%9%10%
Other Income-08026-26-27-13106277
Interest1291211881279887
Depreciation15151515881699999
Profit before tax-21-132-22-9-27-38-109561735
Tax %-3%14%816%4%77%6%5%32%4%38%-86%25%
Net Profit-21-15-16-23-16-29-40-149243226
EPS in Rs-4.20-1.86-2.12-3.81-3.18-3.82-8.33-1.7921.390.817.246.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5657028371,0721,0051,0951,3691,5781,4757549811,240
Expenses5336758021,0089771,0011,3011,5061,4237229101,142
Operating Profit322735642894687252337198
OPM %6%3.8%4.1%6%2.8%9%5.0%4.6%3.5%4.3%7%8%
Other Income157457228291016-66103123
Interest142024363732273643313232
Depreciation344547495658575959323536
Profit before tax-1-3210-15-431113-12-34-97107153
Tax %414%-25%-20%30%-26%-40%83%5%61%12%-5%
Net Profit-7-2412-20-32162-13-55-108113153
EPS in Rs-1.65-3.383.22-3.42-5.903.321.56-2.01-8.79-19.1327.6435.47
Dividend Payout %-91%-44%47%-22%0%0%64%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%-2%-15%25%
Compounded Profit Growth33%46%114%383%
Stock Price CAGR12%0%13%146%
Return on Equity0%0%1%22%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222222222
Reserves472581558566577547565577584579499551
Borrowings331430408440509539493475510509595291
Other Liabilities157192222250293266282329366380382253
Total Liabilities9821,2251,2091,2781,4011,3741,3621,4031,4811,4901,4981,117
Fixed Assets344512743800850894864863882850865727
CWIP18226927124215141010474632
Investments174138100634826192217161459
Other Assets282306340403461439465507573578574299
Total Assets9821,2251,2091,2781,4011,3741,3621,4031,4811,4901,4981,117
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity131230272231828326381366
Cash from Investing Activity-156-1096-21-86-3-12-43-29-50-59-39
Cash from Financing Activity16982-39-1173-11-75-533543-25
Net Cash Flow27-15-2-5817-4-13-0-8-32
Free Cash Flow-200-132-18-46-93-125941-12-37-2015
CFO/OP64%30%135%84%39%108%88%124%40%76%44%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5157596050526846454611550
Inventory Days82868792969784979110416855
Days Payable6653778474857780758215570
Cash Conversion Cycle6889696871647563616812734
Working Capital Days-7-8-5-8-2-7161789-8-14
ROCE %1%1%1%3%2%-1%4%4%1%1%1%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%74.39%
FIIs0.04%0.07%0.14%0.20%0.05%0.05%0.07%0.06%0.04%0.04%0.04%0.05%
DIIs0.08%0.10%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public25.48%25.43%25.39%25.32%25.47%25.48%25.46%25.47%25.48%25.48%25.49%25.48%
No. of Shareholders17,29218,17717,57116,93418,62318,50818,11217,82417,55517,29516,86115,700

Fundamentals

Market Cap₹ 857 Cr.
Current Price₹ 200
Stock P/E14.1
Book Value₹ 131
ROCE5.95 %
ROE22.1 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)383%
Consolidated figures.
Valuation
Market capRs 826 Cr
Enterprise valueRs 1,103 Cr
P/E (TTM)5.33x
Price to book1.44x
Price to sales0.67x
EV / EBITDA4.99x
EV / EBIT5.95x
EV / sales0.89x
Price to cash flow12.46x
Earnings yield18.76%
P/E, 3-year average2.03x
P/B, 3-year average0.62x
P/E, 5-year average44.75x
P/B, 5-year average0.72x
Profitability
Operating margin (excl. other income)7.27%
Operating margin (incl. other income)17.79%
EBITDA margin17.81%
Pre-tax margin12.35%
Net profit margin12.49%
Net margin, latest quarter5.73%
ROE22.09%
ROCE14.08%
ROA9.24%
ROE, 3-year average0.27%
ROCE, 3-year average2.99%
ROA, 3-year average0.35%
ROE, 5-year average0.10%
ROCE, 5-year average2.97%
ROA, 5-year average0.19%
ROIC (approx.)22.96%
Tax rate-5.34%
Other income / net worth18.02%
Growth
Sales growth (latest year)30.11%
Sales CAGR, 3 years-14.65%
Sales CAGR, 5 years-2.16%
Profit CAGR, 5 years52.76%
Sales growth QoQ51.24%
Profit growth QoQ-16.64%
Sales growth YoY (latest quarter)128.61%
Per share
EPS (TTM)Rs 35.47
EPS (latest year)Rs 27.64
EPS (latest quarter)Rs 6.03
EPS, 3-year averageRs -0.09
EPS, 5-year averageRs -0.14
Book value per shareRs 131.12
Sales per shareRs 283.89
Cash flow per shareRs 15.16
Free cash flow per shareRs 3.43
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average63.98%
Efficiency
Asset turnover0.88x
Fixed asset turnover1.35x
Inventory turnover7.70x
Inventory days47 days
Debtor days50 days
Debtors turnover7.35x
Creditor days70 days
Cash conversion cycle34 days
Working capital days-14 days
Leverage
Total debtRs 291 Cr
Cash and bankRs 15 Cr
Net debtRs 277 Cr
Debt to equity0.51x
Net debt / EBITDA1.25x
Interest coverage5.79x
Current ratio (filing 2026-03-31)0.92x
Quick ratio (filing 2026-03-31)0.58x
Trade payables (filing 2026-03-31)Rs 136 Cr
Owners' fund to total sources51.29%
Debt to assets26.08%
Cash flow
Cash from Operating Activity (latest year)Rs 66 Cr
Cash from Investing Activity (latest year)Rs -39 Cr
Cash from Financing Activity (latest year)Rs -25 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 15 Cr
FCFE (approx.: FCF + change in debt)Rs -289 Cr
Sales to cash flow14.81x
Statement figures
Net sales (TTM)Rs 1,240 Cr
Net sales (latest year)Rs 981 Cr
Sales (latest quarter)Rs 460 Cr
Operating profit excl. other income (latest year)Rs 71 Cr
Operating profit (latest quarter)Rs 45 Cr
Other income (TTM)Rs 123 Cr
EBITDA (TTM)Rs 221 Cr
PBDT (TTM)Rs 189 Cr
Profit before tax (TTM)Rs 153 Cr
Tax (latest year)Rs -6 Cr
Net profit (TTM)Rs 155 Cr
Net profit (latest year)Rs 121 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 36 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 32 Cr
Cost of goods sold (latest year)Rs 817 Cr
Total expenditure (latest year)Rs 910 Cr
Total income (latest year)Rs 1,085 Cr
Share capitalRs 22 Cr
ReservesRs 551 Cr
Shareholders' fundsRs 573 Cr
Total assetsRs 1,117 Cr
Net blockRs 727 Cr
Capital work in progressRs 32 Cr
InvestmentsRs 59 Cr
ReceivablesRs 134 Cr
InventoryRs 106 Cr
Other liabilitiesRs 253 Cr
Shares outstanding (crore)4.37
Ownership
Promoter holding74.39% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 5.3 is at the 10th percentile of its own 4.0-year range (median 22.6, low 3.6, high 101.7).
P/B 1.44 is at the 97th percentile (median 0.73).
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.
PeriodKANORICHEMNifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month+21.0%-6.8% +27.8 pts
3 months+39.0%-7.6% +46.7 pts
6 months+236.7%+0.4% +236.3 pts
1 year+128.7%-9.9% +138.6 pts
2 years+30.3%-13.6% +43.8 pts
3 years+35.4%+14.2% +21.3 pts
5 years-6.3%+27.9% -34.2 pts

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 96% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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 2026
Sales ₹460 Cr +128.9% vs Jun 2025. Net profit ₹26 Cr +285.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-08-24Dividend - Re 1 Per Share
2019-08-27 Dividend - Re 0.75 Per Share
2018-09-05 Dividend- Rs 1.50 Per Share
2017-08-24 Dividend - Rs 1.50 Per Share
2016-08-24 Dividend Rs 1.50 Per Share
2015-08-24Annual General Meeting / Dividend - Rs 1.50/- Per Share
2014-08-19Annual General Meeting / Dividend - Rs 1.50/- Per Share
2013-07-26Annual General Meeting/Dividend Rs 1.50 Per Share
2012-07-23Annual General Meeting And Dividend - Rs.1.50 Per Share
2011-07-27Dividend-Rs.5/- Per Share
2010-07-13Dividend Rs 1.50 Per Share
2009-07-15Agm/Div-Rs.1.50 Per Share
2008-07-08Agm/Dividend - 30%
2007-12-31Fv Spl-Rs10tors5/Bon-1:20.5000
2007-07-10Agm/Dividend - 30%
2006-07-11Agm/Dividend-30%
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.
Order dateForumCase
2017-12-18CESTATKANORIA CHEMICALS AND INDUSTRIES LTD ---VS.--- ALLAHABAD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03