MarketFriction

Kothari Sugars & Chemicals Ltd

NSE KOTARISUG · Sugar
₹25.68 -1.53%
NSE close2026-10-01
52 week range22.50 - 39.94
Market cap₹217 Cr.
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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales113.18132.3194.2889.62101.5982.7536.0566.6968.0470.0941.9683.42
Expenses101.47132.5891.1788.5490.9579.3538.9165.6076.0076.1244.8589.65
Operating Profit11.71-0.273.111.0810.643.40-2.861.09-7.96-6.03-2.89-6.23
OPM %10.35%-0.20%3.30%1.21%10.47%4.11%-7.93%1.63%-11.70%-8.60%-6.89%-7.47%
Other Income3.614.025.243.963.569.156.075.842.2522.371.7511.65
Interest1.060.230.792.200.820.000.561.671.460.590.771.63
Depreciation3.633.543.773.663.663.673.663.623.633.633.683.70
Profit before tax10.63-0.023.79-0.829.728.88-1.011.64-10.8012.12-5.590.09
Tax %51.27%-3,850.00%-48.81%-35.37%35.70%39.19%-31.68%23.78%-32.96%1.24%-111.45%11.11%
Net Profit5.180.765.65-0.536.255.40-0.691.25-7.2311.960.630.08
EPS in Rs0.620.090.68-0.060.750.65-0.080.15-0.871.440.080.01
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales247317287332352419422609503310247264
Expenses229280259309324386373548458298262287
Operating Profit18362823283350614412-16-23
OPM %7%11%10%7%8%8%12%10%9%4.0%-6%-9%
Other Income7-1-520111081215233238
Interest786775444444
Depreciation151514131314141414151515
Profit before tax313323192339554217-3-4
Tax %58%17%82%44%-2%19%14%24%30%38%-351%
Net Profit11001319193442291075
EPS in Rs0.141.260.061.532.342.294.115.063.561.260.800.66
Dividend Payout %0%40%0%33%0%0%0%20%14%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth0%-10%-26%-8%
Compounded Profit Growth%%%-404%
Stock Price CAGR6%-3%-22%-13%
Return on Equity7%6%1%-6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital838383838383838383838383
Reserves343549566984103137175196206213
Borrowings16617514612011684365738705070
Other Liabilities757610311012312411911813713511181
Total Liabilities358368380370391375341395433483451447
Fixed Assets209195191178167172162153152164150154
CWIP0000100190410
Investments181820334830587172100133121
Other Assets131155169159174172121170200219162161
Total Assets358368380370391375341395433483451447
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-13252537262782-3451652-14
Cash from Investing Activity14-100-113-29-13-19-36-28-2
Cash from Financing Activity18-22-28-36-10-30-1-11-15-12-4-5
Net Cash Flow68-1415052-2711-3221-21
Free Cash Flow-13251336221077-724-247-38
CFO/OP-124%143%74%141%133%110%263%8%88%51%472%82%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days91416231928182117162021
Inventory Days139236235224216181101165117180161234
Days Payable4560881331271119599739311083
Cash Conversion Cycle1031891621141089924886110371171
Working Capital Days2080-17-10-121624303653
ROCE %1%3%9%7%10%8%10%17%18%14%3%-6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%73.53%
FIIs0.65%0.66%0.66%0.65%0.62%0.60%0.56%0.59%0.22%0.17%0.16%0.15%
DIIs0.83%0.83%0.67%0.66%0.66%0.66%0.66%0.63%0.63%0.62%0.49%0.49%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public24.98%24.97%25.12%25.14%25.18%25.20%25.24%25.23%25.61%25.67%25.80%25.81%
No. of Shareholders63,34762,93570,58671,76271,76271,72371,37769,87268,59866,54064,56863,411

Fundamentals

Market Cap₹ 217 Cr.
Current Price₹ 26.1
Book Value₹ 35.7
ROCE-6.45 %
ROE-6.22 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-8%
Compounded Profit Growth (TTM)-404%
Standalone figures.
Valuation
Market capRs 213 Cr
Enterprise valueRs 283 Cr
P/E (TTM)39.13x
Price to book0.72x
Price to sales0.81x
EV / EBITDA18.97x
EV / EBIT1047.70x
EV / sales1.07x
Earnings yield2.56%
P/E, 3-year average22.97x
P/B, 3-year average1.03x
P/E, 5-year average16.90x
P/B, 5-year average1.11x
Profitability
Operating margin (excl. other income)-6.37%
Operating margin (incl. other income)6.66%
EBITDA margin5.66%
Pre-tax margin-1.59%
Net profit margin2.06%
Net margin, latest quarter0.10%
ROE2.26%
ROCE0.53%
ROA1.47%
ROE, 3-year average5.65%
ROCE, 3-year average6.84%
ROA, 3-year average3.38%
ROE, 5-year average10.25%
ROCE, 5-year average11.69%
ROA, 5-year average5.90%
ROIC (approx.)-0.19%
Tax rate351.33%
Other income / net worth10.87%
Growth
Sales growth (latest year)-20.40%
Profit growth (latest year)-36.63%
Sales CAGR, 3 years-25.99%
Sales CAGR, 5 years-10.03%
Profit CAGR, 3 years-45.98%
Profit CAGR, 5 years-19.05%
Sales growth QoQ98.81%
Profit growth QoQ-87.30%
Sales growth YoY (latest quarter)25.09%
Profit growth YoY (latest quarter)-93.60%
Per share
EPS (TTM)Rs 0.66
EPS (latest year)Rs 0.80
EPS (latest quarter)Rs 0.01
EPS, 3-year averageRs 1.87
EPS, 5-year averageRs 2.96
Book value per shareRs 35.67
Sales per shareRs 31.79
Cash flow per shareRs -1.69
Free cash flow per shareRs -4.58
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.75
Dividends
Dividend payout, 3-year average14.04%
Dividend payout, 5-year average16.91%
Efficiency
Asset turnover0.55x
Fixed asset turnover1.60x
Inventory turnover1.75x
Inventory days208 days
Debtor days21 days
Debtors turnover17.63x
Creditor days83 days
Cash conversion cycle171 days
Working capital days53 days
Leverage
Total debtRs 70 Cr
Cash and bankRs 0 Cr
Net debtRs 70 Cr
Debt to equity0.24x
Net debt / EBITDA4.70x
Interest coverage0.06x
Owners' fund to total sources66.15%
Debt to assets15.74%
Cash flow
Cash from Operating Activity (latest year)Rs -14 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -21 Cr
Free cash flow (latest year)Rs -38 Cr
FCFE (approx.: FCF + change in debt)Rs -18 Cr
Cash from ops / profit, 5 years0.79x
Statement figures
Net sales (TTM)Rs 264 Cr
Net sales (latest year)Rs 247 Cr
Sales (latest quarter)Rs 83 Cr
Operating profit excl. other income (latest year)Rs -16 Cr
Operating profit (latest quarter)Rs -6 Cr
Other income (TTM)Rs 38 Cr
EBITDA (TTM)Rs 15 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs -4 Cr
Tax (latest year)Rs -9 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 209 Cr
Total expenditure (latest year)Rs 262 Cr
Total income (latest year)Rs 279 Cr
Share capitalRs 83 Cr
ReservesRs 213 Cr
Shareholders' fundsRs 296 Cr
Total assetsRs 447 Cr
Net blockRs 154 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 121 Cr
ReceivablesRs 14 Cr
InventoryRs 119 Cr
Other liabilitiesRs 81 Cr
Shares outstanding (crore)8.29
Ownership
Promoter holding73.53% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 39.1 is at the 85th percentile of its own 9.2-year range (median 11.8, low 5.6, high 203.8).
P/B 0.72 is at the 28th percentile (median 0.96).
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.
PeriodKOTARISUGNifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-18.1%-6.8% -11.3 pts
3 months-0.3%-7.6% +7.3 pts
6 months+11.9%+0.4% +11.5 pts
1 year-17.0%-9.9% -7.1 pts
2 years-55.1%-13.6% -41.6 pts
3 years-54.0%+14.2% -68.2 pts
5 years-17.7%+27.9% -45.6 pts

Red flags

F-score 2 of 8
seriousLow interest cover Interest cover 0.4x in 2026
explainDebt up, profit down Borrowings up 41% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 22% vs sales -20% 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 ₹83 Cr +25.1% vs Jun 2025. Net profit ₹0 Cr -93.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-19Annual General Meeting
2024-02-20Interim Dividend - Re 0.50 Per Share
2023-08-03Annual General Meeting/Dividend - Re 0.50 Per Share
2023-02-16Interim Dividend - Re 0.50 Per Share
2022-07-26Annual General Meeting
2021-07-22 Annual General Meeting
2020-08-03 Annual General Meeting
2019-07-30 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-07-23 Annual General Meeting
2017-08-31 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-07-28 Annual General Meeting
2015-08-03Annual General Meeting
2014-08-26Annual General Meeting / Final Dividend - Re 0.50/- Per Share
2013-08-27Annual General Meeting
2012-09-14Annual General Meeting
2011-08-29Annual General Meeting
2010-09-13Annual General Meeting
2009-09-16Annual General Meeting
2008-09-10Annual General Meeting
2007-09-19Agm
2006-09-04Agm
DateTypeWhat it says
2026-08-19Amalgamation/MergerReceipt of Observation Letter conveying no objection from National Stock Exchange of India Limited in connection with the proposed Scheme of Amalgamat...
2026-08-13Shareholder meetingVoting results.
2026-08-13Board meeting outcomeKothari Sugars And Chemicals Limited has submitted to the Exchange, the Unaudited financial results for the quarter ended Jun 30, 2026.
2026-08-13Shareholder meetingProceedings of Annual General Meeting held on August 13, 2026
2026-07-17Shareholder meetingNotice of Annual General Meeting to be held on August 13, 2026
2026-06-26UpdatesRenewal of Recognition of In-House R&D Unit(s) - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulati...
2026-06-10Credit RatingCredit Rating
2026-06-05UpdatesSubmission of Notice for attention of Equity Shareholders of the Company regarding transfer of Equity Shares to Investor Education and Protection Fund...
2026-05-19Amalgamation/MergerThe Board of Directors has considered and approved the Scheme of Amalgamation of Kothari Sugars and Chemicals Limited ( KSCL / Transferor Company ) ...
2026-05-16UpdatesCompletion of sugarcane crushing operations at Kattur Sugar Unit in Tamilnadu for the sugar season 2025 - 2026..
2026-05-07Disclosure under SEBI TakeovNBK Real Estates Private Limited, Nina B. Kothari, Arjun B. Kothari, Nayantara B. Kothari, Anandita Kothari has Submitted to the Exchange a copy of Di...
2026-05-04Board meeting outcomeKothari Sugars And Chemicals Limited has submitted to the Exchange, the Audited financial results for the period ended March 31, 2026.
2026-05-04Board meeting outcomeKothari Sugars And Chemicals Limited has submitted to the Exchange, the audited financial results for the period ended March 31, 2026.
2026-02-04LitigationIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-02-04Board meeting outcomeOutcome of Board Meeting held on February 04, 2026.
2026-02-04Board meeting outcomeKothari Sugars And Chemicals Limited has submitted to the Exchange, the financial results for the quarter and year to date ended December 31, 2025.
2025-12-23Commencement of commercial pCommencement of Sugarcane crushing operations for the Sugar Season 2025 - 2026
2025-11-13UpdatesBoard Comments on fine levied by the Exchange.
2025-11-13Board meeting outcomeKothari Sugars And Chemicals Limited has submitted to the Exchange, the Unaudited financial results for the quarter and half year ended September 30, ...
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.
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