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 INDUSTRIAL CORP L · 7 November 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
KOTHARI INDUSTRIAL CORP L
NSE: KOTIC · BSE: 509732
NSE: KOTIC · BSE: 509732
Consumer Discretionary › Consumer Durables › Consumer Durables › Leather And Leather Products
KOTHARI INDUSTRIAL CORP L
StateQ4 FY26 filed
Last close · 6 Nov 2026₹128.90
Market cap₹1.4k cr
TTM P/E · P/B · EV/EBITDA39.8 · 6.02 · —
KOTHARI INDUSTRIAL CORP L is a Consumer Durables company listed on NSE. 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, FY21–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY26 |
|---|---|---|---|---|---|
| Revenue | 12 | 9 | 10 | 14 | 178 |
| EBITDA (ex other income) | (1) | (2) | (9) | (20) | (19) |
| margin % | (9.5) | (20.5) | (94.5) | (145.9) | (10.9) |
| Owners' profit | 0 | (11) | (20) | 32 | 0 |
| EPS, as reported (₹) | (0.36) | (5.75) | (10.34) | 26.27 | 6.68 |
| ROE % · ROCE % | (12.8) · (3.6) | 39.8 · (3.4) | 41.6 · (33.3) | 406.7 · 519.3 | (31.2) · (11.4) |
| Debt / equity (x) | 2.42 | (2.26) | (1.53) | 0.87 | 0.25 |
| Cash from operations | 1 | (22) | (20) | 15 | 145 |
| Capex | (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 INDUSTRIAL CORP L · 7 November 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 4 | 13 | 22 | 25 | 49 | 51 | 45 |
| Profit before tax | (4) | (16) | 0 | 0 | (4) | (6) | 4 | (14) |
| Net profit | (4) | (16) | 0 | 0 | (4) | (7) | (19) | (32) |
| EPS (₹) | (3.26) | (12.43) | 0.22 | 0.02 | (0.83) | (0.61) | 1.72 | 2.96 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Fetiliser | 11 | 7.2 |
| Footwear | 53 | 36.2 |
| Logistics | 7 | 4.6 |
| Drone | 3 | 2.1 |
| Digital Media | 0 | 0.0 |
| FMCG | 0 | 0.1 |
| Others (unallocated) | 2 | 1.2 |
| Food | 11 | 7.5 |
| Fertilizers | 17 | 11.6 |
| Logistics and Facility management | 8 | 5.8 |
| Media | 0 | 0.0 |
| Leathers | 28 | 19.3 |
| Logistics and Facilities Management | 5 | 3.4 |
| others | 3 | 2.3 |
| Total, before eliminations | 148 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MAYUR UNIQUOTERS LTD | 3,238 | 14.4 | 2.65 | 13.5 | 9.3 | 12.4 | 13.5 | 27.6 |
| BHARTIYA INTERNATIONAL | 1,435 | 55.5 | 2.94 | 16.1 | 2.8 | 7.7 | 19.9 | 9.7 |
| KOTHARI INDUSTRIAL CORP L ◆ | 1,392 | 39.8 | 6.02 | — | (31.2) | (12.9) | 71.9 | (13.9) |
| MIRZA INTERNATIONAL LIMIT | 375 | — | 0.67 | 19.9 | (0.1) | (0.0) | (12.9) | 2.4 |
| SUPERHOUSE LIMITED | 162 | 19.8 | 0.33 | 7.9 | 0.8 | 1.4 | 4.7 | 6.2 |
| ZENITH EXPORTS LTD | 101 | 220.0 | 1.20 | — | 2.7 | 3.7 | — | (9.9) |
| ANKA INDIA LTD. | 93 | 94.7 | 3.55 | 109.6 | (1.1) | (1.0) | — | 4.7 |
| SUPER TANNERY LTD. | 85 | 12.7 | 0.73 | 8.3 | 5.8 | 7.2 | 5.3 | 11.6 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 39.8 | 26.7 | 7 of 10 | 33% |
| P/B | 6.0 | 1.2 | 11 of 11 | 0% |
| ROCE | (12.9) | 2.6 | 11 of 11 | 0% |
| ROE | (31.2) | 1.9 | 11 of 11 | 0% |
| Debt / Equity | 0.3 | 0.3 | 6 of 11 | 50% |
| EBITDA margin | (13.9) | 4.7 | 11 of 11 | 0% |
| Revenue growth | 105.0 | 5.1 | 1 of 10 | 100% |
| Profit growth | (35007.3) | 34.4 | 12 of 12 | 0% |
| Market cap | 1392 | 93 | 3 of 13 | 83% |
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 INDUSTRIAL CORP L · 7 November 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Nov 2026 · Board meeting set for November 14 to approve September results | results | low | — | — |
| 5 Nov 2026 · ICF service contract raised 25 percent to Rs 4.59 crore | business updates | medium | — | — |
| 4 Nov 2026 · Kothari signs education and research pact with UWA | strategic transactions | medium | — | — |
| 27 Oct 2026 · Kothari wins Rs 3.75 crore two-year dairy manpower order | business updates | high | — | — |
| 14 Oct 2026 · RTA submits quarterly demat compliance certificate | compliance | minimal | — | — |
| 9 Oct 2026 · DGCA grants Type Certificate for KOAIR-10L Drone | business updates | medium | — | — |
| 9 Oct 2026 · KICL sponsors Soles for Souls Marathon as Platinum Sponsor, launches Chuisip FMCG brand | compliance | low | — | — |
| 1 Oct 2026 · AGM voting results: all 4 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Kothari Industrial signs MoU for ship recycling JV in Tamil Nadu | strategic transactions | medium | — | — |
| 30 Sept 2026 · Kothari Industrial 56th AGM concludes; voting results in 2 days | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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