Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · KOTHARI FERMENTATION & BIOCHEM · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
KOTHARI FERMENTATION & BIOCHEM
BSE: 507474
BSE: 507474
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Food Products › Other Food Products
KOTHARI FERMENTATION & BIOCHEM
StateQ4 FY26 filed
Last close · 8 Oct 2026₹45.40
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA— · 1.26 · 16.0
KOTHARI FERMENTATION & BIOCHEM is a Food Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 97 | 110 | 109 | 114 | 112 |
| EBITDA (ex other income) | 10 | 9 | 5 | 12 | 7 |
| margin % | 10.5 | 8.0 | 4.7 | 10.4 | 5.8 |
| Owners' profit | 0 | 0 | (5) | 1 | (3) |
| EPS, as reported (₹) | 0.20 | 0.13 | (3.27) | 0.54 | (1.99) |
| ROE % · ROCE % | 0.5 · 4.6 | 0.3 · 3.3 | (8.8) · (0.5) | 1.4 · 5.8 | (5.5) · 0.2 |
| Debt / equity (x) | 0.66 | 0.74 | 0.84 | 0.77 | 0.89 |
| Cash from operations | 10 | 6 | 9 | 11 | 5 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KOTHARI FERMENTATION & BIOCHEM · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 25 | 31 | 32 | 24 | 24 | 32 | 32 |
| Profit before tax | 1 | (2) | 1 | 2 | (1) | (3) | (0) | 1 |
| Net profit | 1 | (2) | 0 | 1 | (1) | (3) | (0) | 1 |
| EPS (₹) | 0.73 | (1.17) | 0.27 | 0.70 | (0.75) | (2.05) | (0.25) | 0.85 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EID PARRY INDIA LTD | 12,167 | 26.2 | 0.82 | 4.2 | 9.3 | 13.1 | 15.7 | 8.7 |
| MANORAMA INDUSTRIES LTD | 11,937 | 46.5 | 17.50 | 33.0 | 33.0 | 42.4 | — | 30.3 |
| ORKLA INDIA LIMITED | 7,521 | 25.5 | 2.73 | 16.9 | 10.4 | 13.1 | — | 19.9 |
| KRISHIVAL FOODS LIMITED | 880 | 37.1 | 4.40 | 22.7 | 11.1 | 13.1 | — | 13.0 |
| Pajson Agro India Limited | 738 | 56.7 | — | — | — | 24.0 | — | — |
| APIS INDIA LTD. | 701 | 2.8 | 3.53 | 18.3 | 12.7 | 15.5 | 7.4 | 11.9 |
| MEGASTAR FOODS LIMITED | 328 | 33.2 | 3.19 | 12.7 | 9.0 | 7.5 | 26.4 | 5.8 |
| Chemkart India Limited | 287 | 13.7 | — | — | — | 20.7 | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.3 | 1.6 | 8 of 19 | 61% |
| ROCE | (3.2) | 12.6 | 29 of 30 | 3% |
| ROE | (5.5) | 6.8 | 19 of 21 | 10% |
| Debt / Equity | 0.9 | 0.4 | 17 of 21 | 20% |
| EBITDA margin | 11.2 | 8.7 | 8 of 21 | 65% |
| Revenue growth | 0.9 | 8.6 | 13 of 17 | 25% |
| Profit growth | 21.1 | 32.7 | 13 of 20 | 37% |
| Market cap | 68 | 107 | 20 of 29 | 32% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KOTHARI FERMENTATION & BIOCHEM · 9 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine compliance certificate for Q2 FY26 (ended Sept 30, 2026) | compliance | minimal | — | — |
| 7 Oct 2026 · KFBL signs commercial deal with Oriental Yeast India for yeast products | strategic transactions | medium | — | — |
| 3 Oct 2026 · Fourth reminder on special window for physical shares dematerialisation | compliance | minimal | — | — |
| 30 Sept 2026 · AGM Results: All 4 resolutions passed, director pay revision approved | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 36th AGM results: All 4 resolutions passed with strong majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 36th AGM held on Sept 30, 2026 via video conferencing | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Internal Auditor resigns mid-term citing pre-occupation | management changes | medium | — | — |
| 25 Sept 2026 · Trading window closure for Q2 FY27 results | compliance | minimal | — | — |
| 8 Sept 2026 · Reminder to physical shareholders to update KYC details with RTA | compliance | minimal | — | — |
| 8 Sept 2026 · AGM notice weblink sent to shareholders without registered emails | compliance | minimal | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | 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 |
Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in