KOTHARI PETROCHEM LTD

Manufactures polyisobutylene (PIB), a petrochemical product used as an additive and intermediate, with FY26 PIB sales volume of 39,930 MT. The main raw material is LPG-based feedstock supplied by refineries, which accounted for 60.5% of revenue in FY26 and is its biggest input cost. In March 2026, supply of this feedstock was disrupted because the Ministry of Petroleum directed refineries to prioritise domestic LPG supply amid Middle East geopolitical issues, forcing the company to declare a force majeure event and restrict contracted quantities to industrial customers. FY26 revenue from operations was Rs 591.39 crore, up from Rs 577.34 crore in FY25, with EBITDA margin of 17.93% and net profit of Rs 72.49 crore. Other operating expenses made up 15.6% of revenue, employee costs 6.0%, depreciation 1.4%, and capex 3.2%. The company holds Rs 22.50 crore in long-term cash credit and Rs 25 crore in short-term bank guarantee facilities, rated [ICRA]A+ and [ICRA]A1+ respectively. Its Board approved an amalgamation scheme to merge Kothari Sugars and Chemicals Limited (KSCL) into the company at a 1-for-5 share-swap ratio.