Manufactures CPC Crude pigments and downstream pigment intermediates — Alpha Blue, Beta Blue and CPC Green — at a plant operating at 65-70% capacity utilization. Pigments accounted for the bulk of Kesar Petroproducts' FY26 revenue of Rs 187.22 crore, with management guiding a strategic shift from lower-margin CPC Crude toward higher-margin Alpha and Beta Blue grades. The company has begun commercialising complex fertilisers (plant capacity of 12,000 MT p.a., with FY27 utilisation guided at 3,600 MT and revenue potential cited at Rs 30-40 crore) and is also pursuing zinc phosphate as a new by-product vertical. A co-generation plant under phased commissioning targets Rs 3-4 crore in annual cost savings from Q1 FY27. Raw materials dominate the cost base at 84.9% of revenue (Rs 158.86 crore), and capex was 20.1% of revenue (Rs 37.61 crore) in FY26 as the new lines and co-gen plant come up. Exports faced US tariff pressure in Q3 FY26, weighing on quarterly revenue. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Pigments (CPC Crude, Alpha Blue, Beta Blue, CPC Green), Complex fertilisers, Zinc phosphate, Co-generation (cost savings). Cyclical, asset-heavy commodity chemicals with capacity expansion into fertilisers
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 153 | 120 | 149 | 185 | 187 |
| EBITDA (ex other income) | 8 | 7 | 2 | 16 | 21 |
| margin % | 5.2 | 5.5 | 1.5 | 8.6 | 11.2 |
| Owners' profit | 3 | 0 | 5 | 10 | 10 |
| EPS, as reported (₹) | 0.28 | 0.05 | 0.51 | 1.03 | 1.00 |
| ROE % · ROCE % | 2.2 · 2.6 | 0.4 · 1.5 | 4.0 · 3.9 | 6.9 · 7.9 | 6.5 · 8.7 |
| Debt / equity (x) | 0.02 | 0.42 | 0.50 | 0.51 | 0.48 |
| Cash from operations | (10) | 33 | (20) | 13 | 30 |
| Capex | (9) | (36) | (18) | (16) | (38) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 49 | 50 | 41 | 50 | 50 | 41 | 46 |
| Profit before tax | 3 | 3 | 4 | 4 | 8 | 6 | 3 | (4) |
| Net profit | 2 | 3 | 3 | 2 | 6 | 6 | 3 | (5) |
| EPS (₹) | 0.22 | 0.30 | 0.30 | 0.20 | 0.61 | 0.61 | 0.30 | 0.52 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DEEPAK FERTILIZERS & PETR | 16,727 | 17.0 | 2.24 | 12.2 | 9.9 | 8.4 | 14.6 | 26.1 |
| TATA CHEMICALS LTD | 15,683 | — | 0.71 | 141.2 | (7.7) | (5.0) | 7.4 | 14.4 |
| GUJ NAR VAL FER & CHEM L | 8,273 | 8.0 | 0.91 | 6.0 | 8.9 | 10.3 | 8.7 | 22.1 |
| TANFAC INDUSTRIES LTD. | 6,773 | 55.4 | 18.15 | — | 18.8 | 24.3 | — | 16.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Kesar Petroproducts 36th AGM notice and annual report filed for FY 2025-26 | results | high | — | — |
| 18 Aug 2026 · Kesar Petroproducts board approves WTD re-appointment and Q1 FY27 results | management changes | medium | — | — |
| 17 Aug 2026 · Calendar of events announced for 36th AGM on 28 September 2026 | compliance | minimal | — | — |
| 17 Aug 2026 · Book Closure Sep 22 to 28, 2026 for 36th AGM | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Kesar Petroproducts Q1 PAT falls 91% YoY to INR 51 lakh, board clears director re-appointment | management changes | low | — | — |
| 17 Aug 2026 · Q1 FY27 results: profit drops to 51 lakhs, board re-appoints Whole-time Director | compliance | low | — | — |
| 7 Aug 2026 · Board Meeting on 14 Aug for Q1 FY27 Results and AGM Items | results | low | — | — |
| 10 Jul 2026 · Routine compliance filing - share dematerialization certificate for Q1FY27 | compliance | minimal | — | — |
| 29 Jun 2026 · Trading window closed from July 1 for Q1 results announcement | compliance | minimal | — | — |
| 8 Jun 2026 · 1. Allotment of 1,50,00,000 Equity Shares to Promoter Group , Category upon Exercising Opon on Conversion of the Convertable Warrants. 2. Forfeiture of 25% Upfront Money Received against .... | fund raising | high | — | — |
| Where a broker report shows | This document shows |
|---|
| GUJARAT ALKALIES & CHEM |
| 5,179 |
| 78.0 |
| 1.00 |
| 10.7 |
| (0.0) |
| 0.7 |
| 12.4 |
| 18.4 |
| GHCL LIMITED | 3,879 | 8.4 | 1.09 | 5.1 | 13.3 | 16.6 | 1.1 | 23.9 |
| GRAUER & WEIL IND LTD | 3,469 | 21.2 | 3.21 | 14.1 | 15.2 | 19.2 | 14.5 | 20.4 |
| J.G.CHEMICALS LIMITED | 2,330 | 31.0 | 4.31 | 23.7 | 12.7 | 16.9 | — | 11.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.8 | 17.0 | 11 of 57 | 82% |
| P/B | 0.9 | 1.4 | 16 of 59 | 74% |
| ROCE | 6.6 | 6.2 | 31 of 65 | 53% |
| ROE | 6.5 | 4.9 | 28 of 65 | 58% |
| Debt / Equity | 0.5 | 0.2 | 45 of 65 | 31% |
| EBITDA margin | (1.9) | 13.3 | 54 of 58 | 7% |
| Revenue growth | 13.4 | 6.7 | 19 of 54 | 66% |
| Profit growth | (355.6) | 21.0 | 62 of 64 | 3% |
| Market cap | 134 | 77 | 31 of 65 | 53% |
| Why |
|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
