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 SUG & CHEM LTD. · 6 November 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
KOTHARI SUG & CHEM LTD.
NSE: KOTARISUG
NSE: KOTARISUG
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Agricultural Food & other Products › Sugar
KOTHARI SUG & CHEM LTD.
StateQ2 FY27 filed
Last close · 6 Nov 2026₹23.37
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA14.2 · 0.65 · —
KOTHARI SUG & CHEM LTD. is a Agricultural Food & other Products 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, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 423 | 610 | 503 | 310 | 247 |
| EBITDA (ex other income) | 51 | 64 | 44 | 19 | 6 |
| margin % | 12.0 | 10.5 | 8.8 | 6.0 | 2.3 |
| Owners' profit | 25 | 42 | 29 | 10 | 7 |
| EPS, as reported (₹) | 4.11 | 5.06 | 3.56 | 1.26 | 0.80 |
| ROE % · ROCE % | — · — | 16.3 · 20.3 | 10.6 · 14.4 | 3.6 · 6.2 | 2.2 · 0.6 |
| Debt / equity (x) | — | 0.15 | 0.25 | 0.17 | 0.24 |
| Cash from operations | (3) | 45 | 16 | 52 | (14) |
| Capex | (4) | (21) | (17) | (5) | (24) |
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 SUG & CHEM LTD. · 6 November 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 36 | 67 | 68 | 70 | 42 | 83 | 89 |
| Profit before tax | 9 | (1) | 2 | (11) | 12 | (6) | 0 | 2 |
| Net profit | 5 | (1) | 1 | (7) | 12 | 1 | 0 | 1 |
| EPS (₹) | 0.65 | (0.08) | 0.15 | (0.87) | 1.44 | 0.08 | 0.01 | 0.12 |
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 % |
|---|---|---|
| Sugar | 104 | 38.7 |
| Distillery | 124 | 46.1 |
| Power | 41 | 15.2 |
| Total, before eliminations | 268 | 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. % |
|---|---|---|---|---|---|---|---|---|
| BALRAMPUR CHINI MILLS LTD | 14,137 | 32.6 | 2.98 | 23.4 | 3.1 | 3.1 | 5.4 | 9.1 |
| TRIVENI ENGG. & INDS. LTD | 5,295 | 15.2 | 1.71 | 13.5 | 3.1 | 3.3 | 10.1 | 7.1 |
| BAJAJ HINDUSTHAN SUGAR LT | 4,411 | 13.7 | 1.16 | 21.5 | 3.3 | 1.5 | (3.9) | (10.6) |
| BANNARI AMMAN SUGARS LTD | 4,013 | 33.0 | 2.10 | — | 7.7 | 8.7 | — | (3.0) |
| SHREE RENUKA SUGARS LTD | 3,881 | — | — | 569.3 | 14.2 | (152.4) | 10.2 | 1.6 |
| DALMIA BHARAT SUG IN LTD | 3,837 | 15.4 | 1.16 | 12.5 | 2.3 | 2.5 | 6.1 | 10.7 |
| UTTAM SUGAR MILLS LTD. | 1,373 | 15.2 | 1.55 | 9.1 | 0.7 | 0.7 | — | 4.6 |
| DHAMPUR SUGAR MILLS LTD. | 1,058 | 15.1 | 0.88 | 11.2 | 5.5 | 5.8 | (7.9) | 4.0 |
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) | 14.2 | 15.0 | 9 of 20 | 58% |
| P/B | 0.7 | 0.9 | 8 of 26 | 72% |
| ROCE | 0.7 | 1.5 | 16 of 27 | 42% |
| ROE | 0.4 | 2.4 | 19 of 26 | 28% |
| Debt / Equity | 0.0 | 0.3 | 1 of 26 | 96% |
| EBITDA margin | 4.7 | 4.1 | 9 of 26 | 68% |
| Revenue growth | 30.7 | 1.7 | 5 of 25 | 83% |
| Profit growth | 114.1 | 14.9 | 6 of 27 | 81% |
| Market cap | 194 | 290 | 18 of 28 | 37% |
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 SUG & CHEM LTD. · 6 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 % |
|---|---|---|---|---|
| 5 Nov 2026 · Standalone quarter ended September 2026: revenue up 30.7%, profit after tax turns positive | results | high | — | — |
| 14 Oct 2026 · Routine dematerialisation certificate filed for July-September 2026 quarter | compliance | minimal | — | — |
| 12 Oct 2026 · NCLT-ordered meetings for Kothari Sugars-Kothari Petrochem amalgamation | compliance | minimal | — | — |
| 12 Oct 2026 · NCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals | strategic transactions | medium | — | — |
| 12 Oct 2026 · NCLT-ordered unsecured creditors meeting on Nov 13 for KSCL-KPL amalgamation scheme | strategic transactions | medium | — | — |
| 12 Oct 2026 · KSCL shareholders meeting on Nov 13 for amalgamation with Kothari Petrochemicals | strategic transactions | medium | — | — |
| 5 Oct 2026 · NCLT directs meetings for KSCL and KPL amalgamation scheme | regulatory legal | high | — | — |
| 5 Oct 2026 · Newspaper notice on special window for physical share demat | compliance | minimal | — | — |
| 24 Sept 2026 · Trading Window closure from October 1, 2026 for Q2 results | compliance | minimal | — | — |
| 19 Aug 2026 · NSE gives no objection to KSCL merger with Kothari Petrochemicals | strategic transactions | high | — | — |
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