Overview

Detailed Summary

Kothari Industrial Corporation Limited is a diversified public company engaged in manufacturing and trading across fertilisers, leather and footwear, hotels and restaurants, drone services and manufacturing, logistics and facility management, FMCG and media, operating with distributor networks primarily in southern India and multiple recently added business verticals.
The company reported an unaudited loss for the quarter; management asserts a going concern basis while planning additional financing. Auditor commentary highlights significant control and disclosure weaknesses — unresolved GST reconciliations, statutory defaults, inventory ageing issues and unreconciled payroll-related liabilities — which create immediate near-term financial reporting risk for Kothari Industrial Corporation Limited.
Kothari sold land and plant & machinery at Ennore to Coromandel International for ₹50.28 crore but faces a valuation and stamp-duty mismatch with the sub-registrar, prompting planned appeals and involvement of the Income Tax Valuation Officer; this dispute could create tax exposure and materially affect capital gains reporting for Kothari Industrial Corporation Limited.
Strategic growth moves include a newly launched FMCG & Vending Division with an opened process centre at Maraimalai Nagar and payment of ₹32.13 crore for SIPCOT land at Melur to establish a footwear factory. These developments indicate Kothari Industrial Corporation Limited is shifting toward manufacturing and branded retail expansion.
Operationally, the company recognized a ₹80.77 lakh government subsidy write-off and a ₹96 lakh royalty provision for the Kickers brand; consolidated results include a substantial share of associate loss (₹1,262.79 lakhs), demonstrating that Kothari Industrial Corporation Limited’s consolidated performance is currently impacted by associate volatility and legacy receivable write-offs.

Sector: Fertilizers & Agrochemicals
Industry: Fertilizers
Market Cap: 1,534 Cr
Volatility: Low Risk
P/E Ratio: -17.9
Industry P/E: 19.0
PEG Ratio: —
P/B Ratio: 7.3
52W High: 556.40
52W Low: 124.00

Sales CAGR

1Y: 105.79%
3Y: 165.04%
5Y: 71.89%
10Y: 20.29%

Profit CAGR

1Y: -92.89%
3Y: —
5Y: —
10Y: —

ROE

TTM

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Peers

Commodities Chemicals Fertilizers & Agrochemicals Fertilizers

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
KOTIC		142.05	1,534 Cr	-17.85	7.33	0.00	-31.20	-23.34	-27.64
SPIC		58.47	1,191 Cr	5.81	0.87	3.42	15.44	16.58	8.21
MADRASFERT		57.74	930 Cr	13.11	10.23	0.00	87.44	20.78	3.04
ZUARI		202.80	853 Cr	0.88	0.41	0.00	12.19	17.89	29.95
ARIES		476.00	619 Cr	13.09	1.85	0.53	12.82	20.00	7.40
KHAICHEM		47.69	463 Cr	7.94	1.59	0.10	22.23	16.83	7.94
RAMAPHO		107.00	379 Cr	7.05	1.11	0.23	12.48	14.43	7.47
Median: 7 Co.	—	107.00	853 Cr	7.05	1.59	0.10	12.82	16.83	7.47

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total

QoQ

YoY

Total

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	3.50	13	22	25	87	39	50	51	45	52
Expenses	16	13	21	26	101	40	54	44	51	62
Operating Profit	-13	0.38	0.45	-0.83	-14	-0.47	-4.46	6.31	-6.20	-9.69
OPM %	-361.14	2.83	2.07	-3.31	-16.27	-1.20	-9.01	12.47	-13.93	-18.48
Other Income	-0.12	0.18	0.25	0.14	0.97	0.32	-0.15	-22	-17	-13
Interest	2.69	0.02	0.01	1.91	1.90	0.16	0.16	0.21	3.07	4.73
Depreciation	0.07	0.27	0.60	0.91	1.13	1.61	1.78	2.39	5.83	1.79
Profit Before Tax	-16	0.27	0.09	-3.52	-16	-1.92	-6.56	-19	-32	-29
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.17
Net Profit	-16	0.27	0.09	-3.52	-16	-1.92	-6.56	-19	-32	-29
EPS in Rs	-1.44	0.03	0.01	-0.33	-1.49	-0.17	-0.60	-1.72	-2.96	-2.68

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	18	18	12	9.46	9.58	14	9.58	14	197
Expenses	21	20	13	13	16	34	16	34	211
Operating Profit	-2.65	-2.62	-1.13	-3.64	-6.75	-20	-6.75	-20	-14
OPM %	-14.46	-14.86	-9.50	-38.44	-70.46	-145.93	-70.46	-145.93	-7.12
Other Income	3.74	-4.22	0.56	2.56	-1.57	63	-1.57	63	-52
Interest	0.01	0.01	0.02	9.74	11	2.71	11	2.71	8.17
Depreciation	0.47	0.20	0.09	0.11	0.11	0.25	0.11	0.25	12
Profit Before Tax	0.61	-7.05	-0.68	-11	-20	40	-20	40	-86
Tax %	0.00	-0.00	0.00	-0.62	0.00	21.41	0.00	21.41	-0.06
Net Profit	0.61	-7.05	-0.68	-11	-20	32	-20	32	-86
EPS in Rs	—	-0.65	-0.06	-1.35	-1.82	3.73	-1.79	-5.46	-7.96
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9.56	9.56	9.56	9.56	9.56	6.24	9.56	6.24
Reserves	3.54	-3.65	-4.21	-37	-57	1.55	-57	1.55
Borrowings	13	13	13	63	73	33	73	33
Other Liabilities	56	44	45	11	23	10	23	10
Total Liabilities	82	63	64	46	48	52	48	52
Fixed Assets	59	42	42	27	28	30	28	30
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	23	21	22	19	20	22	20	22
Total Assets	82	63	64	46	48	52	48	52

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total

YoY

Total

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	0.72	-26	1.06	-22	1.19	-35	-154	40
Cash from Investing Activity	-0.28	24	0.07	3.76	-0.29	111	-13	-173
Cash from Financing Activity	-0.62	2.33	-1.27	18	-0.69	-75	187	122
Net Cash Flow	-0.18	-0.09	-0.14	-0.02	0.20	0.78	20	-11

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2024	Jan 2025	Mar 2025	Apr 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	53.38%	44.11%	47.75%	47.23%	47.25%	48.01%	47.82%	47.85%	47.38%	47.38%	47.32%	47.35%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.00%
DIIs	5.36%	2.90%	2.53%	2.50%	2.49%	2.20%	2.19%	2.19%	2.14%	2.05%	2.05%	2.05%
Public	41.26%	52.99%	49.73%	50.27%	50.25%	49.79%	49.99%	49.96%	50.48%	50.54%	50.61%	50.59%
Total Shareholders	50,016	50,798	51,482	51,572	52,832	53,337	53,060	52,854	53,209	52,742	52,760	52,957

Projection

Investor Presentation

Q4 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q1 FY26

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Regulatory/Compliance Filing

6 days ago

Kothari Industrial: Certificate under Reg.74(5)

Kothari Industrial Corporation Ltd filed a certificate dated 03-10-2026 from its RTA confirming compliance with Regulation 74(5) of SEBI (DP) Regulations for the quarter ended 30-09-2026 (dematerialisation confirmations).

Frequently Asked Questions about Kothari Industrial Corporation Ltd

Kothari Industrial Corporation Ltd (KOTIC) is currently trading at 141.90 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Kothari Industrial Corporation Limited is a diversified public company engaged in manufacturing and trading across fertilisers, leather and footwear, hotels and restaurants, drone services and manufacturing, logistics and facility management, FMCG and media, operating with distributor networks primarily in southern India and multiple recently added business verticals. The company reported an unaudited loss for the quarter; management asserts a going concern basis while planning additional financing. Auditor commentary highlights significant control and disclosure weaknesses — unresolved GST reconciliations, statutory defaults, inventory ageing issues and unreconciled payroll-related liabilities — which create immediate near-term financial reporting risk for Kothari Industrial Corporation Limited. Kothari sold land and plant & machinery at Ennore to Coromandel International for ₹50.28 crore but faces a valuation and stamp-duty mismatch with the sub-registrar, prompting planned appeals and involvement of the Income Tax Valuation Officer; this dispute could create tax exposure and materially affect capital gains reporting for Kothari Industrial Corporation Limited. Strategic growth moves include a newly launched FMCG & Vending Division with an opened process centre at Maraimalai Nagar and payment of ₹32.13 crore for SIPCOT land at Melur to establish a footwear factory. These developments indicate Kothari Industrial Corporation Limited is shifting toward manufacturing and branded retail expansion. Operationally, the company recognized a ₹80.77 lakh government subsidy write-off and a ₹96 lakh royalty provision for the Kickers brand; consolidated results include a substantial share of associate loss (₹1,262.79 lakhs), demonstrating that Kothari Industrial Corporation Limited’s consolidated performance is currently impacted by associate volatility and legacy receivable write-offs.

Over the past 52 weeks, Kothari Industrial Corporation Ltd has traded between a low of ₹124.00 and a high of ₹556.40. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Kothari Industrial Corporation Ltd has a market capitalization of approximately 1,534.45. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Kothari Industrial Corporation Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of -17.85 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 1,534.45 Cr, Kothari Industrial Corporation Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Kothari Industrial Corporation Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Kothari Industrial Corporation Ltd is -17.85. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The board agenda includes considering, approving, and taking on record the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.

It seeks shareholder approval for appointing Priya Rao as Women Independent Director, appointing Rafiq Ahmed Sulaiha Banu as a Non-Executive Non Independent Director, and reclassifying certain promoters to the public category.

Kothari Industrial Corporation Ltd

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