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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Petrochemicals (Polyisobutylene / PIB). Cyclical, feedstock-dependent single-product petrochemicals manufacturer.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 382 | 482 | 603 | 577 | 591 |
| EBITDA (ex other income) | 48 | 58 | 96 | 80 | 97 |
| margin % | 12.5 | 12.0 | 15.9 | 13.9 | 16.4 |
| Owners' profit | 23 | 39 | 64 | 66 | 72 |
| EPS, as reported (₹) | 5.59 | 6.66 | 10.84 | 11.18 | 12.32 |
| ROE % · ROCE % | — · — | 20.4 · 26.2 | 25.9 · 36.4 | 21.5 · 25.9 | 19.5 · 25.1 |
| Debt / equity (x) | — | 0.12 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 18 | 26 | 72 | 59 | 81 |
| Capex | (20) | (20) | (16) | (86) | (19) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 181 | 131 | 153 | 161 | 143 | 135 | 153 | 147 |
| Profit before tax | 22 | 18 | 22 | 23 | 24 | 25 | 24 | 22 |
| Net profit | 16 | 13 | 17 | 18 | 18 | 19 | 18 | 17 |
| EPS (₹) | 2.77 | 2.18 | 2.94 | 2.99 | 3.13 | 3.18 | 3.03 | 2.89 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME PETROCHEM LIMITED | 15,425 | 31.8 | 6.49 | 27.3 | 13.9 | 17.6 | — | 20.4 |
| SWAN CORP LIMITED | 9,247 | 44.4 | 1.01 | 18.8 | 3.0 | 3.3 | 68.6 | 3.0 |
| RAIN INDUSTRIES LIMITED | 7,265 | 13.5 | 0.88 | — | 6.0 | 4.3 | — | 19.3 |
| BHANSALI ENG. POLYMERS LT | 3,180 | 15.9 | 2.94 | 10.9 | 16.6 | 22.4 | (0.2) | 19.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 19 Aug 2026 · NSE no objection for Kothari Sugars merger into Kothari Petrochemicals | strategic transactions | high | — | — |
| 14 Aug 2026 · 37th AGM held via video conferencing on August 14, 2026 | board shareholder meetings | low | — | — |
| 17 Jul 2026 · Kothari Petrochemicals: 37th AGM notice published in newspapers | compliance | minimal | — | — |
| 17 Jul 2026 · AGM notice on Aug 14, 2026; FY26 PAT up 10% to Rs 72.49 cr, dividend 10% | board shareholder meetings | low | — | — |
| 15 Jul 2026 · RTA compliance certificate for Q1 FY27 dematerialisation | compliance | minimal | — | — |
| 13 Jul 2026 · ICRA shifts bank facility ratings watch from Negative to Developing | credit debt | medium | — | — |
| 2 Jul 2026 · Raw material supply restored to normal after Middle East-related constraints | capex operations | medium | — | — |
| 24 Jun 2026 · Trading Window Closure Ahead of Q1 FY27 Results | compliance | minimal | — | — |
| 5 Jun 2026 · Kothari Petrochemicals Limited has informed the Exchange regarding 'Submission of Notice for attention of Equity Shareholders of the Company regarding transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account.'. | compliance | minimal | — | — |
| 5 Jun 2026 · Kothari Petrochemicals Limited has informed the Exchange about Copy of Newspaper advertisement for attention of Equity Shareholders of the Company regarding transfer of Equity Shares to Investor Education and Protection Fund (IEPF) Account. | compliance | minimal | — | — |
| MANALI PETROCHEMICALS LT |
| 1,468 |
| 8.2 |
| 1.15 |
| 5.8 |
| 10.1 |
| 10.9 |
| 0.1 |
| 35.2 |
| DCW LTD | 1,375 | 19.3 | 1.28 | — | 4.5 | 5.4 | — | 7.6 |
| TAMILNADU PETROPRODUCTS L | 1,161 | 8.2 | 1.14 | 8.2 | 9.6 | 10.2 | 5.1 | 16.3 |
| KOTHARI PETROCHEM LTD ◆ | 812 | 11.3 | 2.18 | — | 19.5 | 24.9 | — | 16.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.3 | 15.9 | 5 of 13 | 67% |
| P/B | 2.2 | 1.1 | 9 of 11 | 20% |
| ROCE | 24.9 | 6.1 | 1 of 14 | 100% |
| ROE | 19.5 | 6.3 | 2 of 13 | 92% |
| Debt / Equity | 0.0 | 0.1 | 3 of 13 | 67% |
| EBITDA margin | 16.9 | 12.0 | 5 of 12 | 64% |
| Revenue growth | (8.8) | 14.6 | 8 of 12 | 36% |
| Profit growth | (3.1) | 42.9 | 8 of 13 | 42% |
| Market cap | 812 | 1161 | 8 of 13 | 42% |
| 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 |
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.
