BSE: 539599
Kotia Enterprises Limited
Kotia Enterprises operates as a small listed trading entity. Historically its reported segments have included trading in PVC resin, PP film & injection, and bleached hardwood kraft pulp, with construction and civil work services also listed but recording no revenue. For the period ended 30 September 2022, the only segment generating revenue was an 'Unallocable' line that accounted for 100% of the ₹0.27 crore of segment revenue. In more recent quarters through FY26 the trading lines have been inactive, with Q3 FY26 reporting no trading revenue at all. The statutory auditor qualified the FY25 audit on the grounds that the company's financial assets and financial income both exceeded 50% of totals, bringing it within the RBI's NBFC registration criteria, though the company was not registered; in FY26 financial income fell back below 50% of gross income. Total income for FY26 stood at ₹203.66 lakhs against a net loss of ₹249.92 lakhs after a ₹485.22 lakh write-off of a financial asset. Employee cost was 16.3% of revenue and other operating expenses 30.7% of revenue, with no materials cost or capex reported. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading in PVC Resin, Trading in PP film & Injection / Bleached hardwood kraft pulp, Construction and civil work services, Unallocable / other income (100%). Very small, thinly-traded shell-like distribution entity with negligible current operations.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 0 | 0 | 0 | 1 |
| EBITDA (ex other income) | 0 | (1) | (0) | (1) | (4) |
| margin % | 3.9 | — | (101.2) | (119.4) | (317.4) |
| Owners' profit | 1 | (0) | (0) | (0) | (2) |
| EPS, as reported (₹) | 0.75 | (0.35) | (0.04) | (0.07) | (3.56) |
| ROE % · ROCE % | 5.3 · 11.0 | (2.5) · (0.9) | (0.2) · (0.1) | (0.1) · (0.1) | (8.7) · (10.9) |
| Debt / equity (x) | 0.65 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1 | (9) | (0) | 2 | (0) |
| Capex | — | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | (0) | 0 | 0 | (0) | (0) | (0) | (0) | (3) |
| Net profit | (0) | 0 | 0 | (0) | (0) | (0) | (0) | (2) |
| EPS (₹) | (0.07) | 0.06 | 0.02 | (0.07) | (0.08) | 0.08 | (0.16) | (3.16) |
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. % |
|---|---|---|---|---|---|---|---|---|
| Khemani Distributors & Marketi | 261 | 5.7 | — | — | — | (21.7) | — | — |
| M K EXIM (INDIA) LTD. | 214 | 26.2 | 0.00 | — | 0.0 | 0.0 | — | 14.1 |
| ACE MEN ENGG WORKS LIMITED | 133 | 490.0 | 1.99 | 371.9 | 0.2 | 0.3 | — | 3.2 |
| MRP Agro Limited | 103 | 24.9 | — | — | — | 11.8 | — | — |
| TAVEXIA LIFECARE LIMITED | 45 | 7.7 | 1.02 | 63.7 | 0.5 | 0.4 | — | (8.0) |
| Kotia Enterprises Limited ◆ | 16 | — | 0.54 | — | (8.7) | (10.9) | — | (240.9) |
| Radhagobind Commercial Limited | 2 | — | — | — | 8.7 | 8.7 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.5 | 2.4 | 10 of 50 | 82% |
| ROCE | (10.9) | 5.1 | 56 of 63 | 11% |
| ROE | (8.7) | 5.7 | 43 of 49 | 13% |
| Debt / Equity | 0.0 | 0.1 | 1 of 49 | 69% |
| EBITDA margin | (240.9) | 9.4 | 50 of 50 | 0% |
| Profit growth | (4205.6) | 26.5 | 46 of 46 | 0% |
| Market cap | 16 | 456 | 57 of 66 | 14% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · RTA confirms no physical share certificates for demat in Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · 46th AGM results: all 3 resolutions passed with 99.99% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · AGM 2026: All 3 resolutions passed with 99.99% majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · AGM approves re-appointment of statutory auditors | management changes | medium | — | — |
| 29 Sept 2026 · 46th AGM concludes: all three resolutions approved by members | board shareholder meetings | low | — | — |
| 16 Sept 2026 · Kotia Enterprises fixes record date for 46th AGM on Sept 22, 2026 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 46th AGM, Book Closure and E-voting Published in Newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · FY2025-26 report shows higher income but wider losses; meeting on 29 September | compliance | medium | — | — |
| 7 Sept 2026 · Kotia Enterprises 46th AGM on 29 Sep 2026; e-voting from 26 Sep | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Ajay Rattan & Co recommended for another five-year term as statutory auditor | management changes | medium | — | — |
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.