On 6 Nov 2026, Kanoria Chemicals & Industries was priced at ₹164.05, or 11.8× trailing earnings, against an industry P/E of 18.2×, and the shares are 20% below their 52-week high. Sales fell 16% a year over 3 years, with ROCE of 6.4% and ROE of 22%. Debt is 0.51× equity. It is a small-cap company with a market cap of ₹717 Cr, ranked 33rd of 76 Chemicals companies by market cap; the shares rose 116% over the past year.
- ₹166.25
- ₹169.00
- ₹162.90
- ₹166.25
- 12.5K
Health check
- ReturnsAhead
+115.7% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 11.8 vs industry 18.2.
- GrowthShrinking
Sales −15.6% a year over 3 years.
- ProfitabilityWeak
ROCE 6.4% vs peer median 10.6%.
- Balance sheetFair
Debt 0.51× equity, interest covered 2.1×.
- Red flags1 to check
Interest coverage of only 2.9×.
Small cap
Defensive
Key metrics
- Market cap
- ₹717 Cr
- Small cap
- P/E
- 11.8
- Industry 18.2
- Price to book
- 1.25
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 22.1%
- Peers 11.7%
- ROCE
- 6.4%
- Peers 10.6%
- Debt to equity
- 0.51
- Debt ₹291 Cr
- EPS (TTM)
- ₹13.94
- Face value ₹5
- OPM (TTM)
- 7.9%
- Net margin 12.5%
- Sales growth
- +128.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.58
- EV/EBITDA 10.1
Strengths and risks
Strengths
- Return on equity of 22.1%.
- Quarterly sales up 128.6% on a year ago.
- P/E of 11.8 against an industry P/E of 18.2.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Interest coverage of only 2.9×.
About Kanoria Chemicals & Industries
Kanoria Chemicals & Industries Limited manufactures and sells Industrial Chemicals in India. The company operates through Chemicals and Textile segments. It provides chemicals, such as acetaldehyde, di-pentaerythritol, formaldehyde, hexamine, pentaerythritol, phenolic resins, and sodium formate; and performance chemicals, including phenolic resins. The company also offers Textile business includes yarn and denim manufacturing. The company also develops…
- Headquarters
- New Delhi
- Employees
- 385
- Sector
- Basic Materials
- ISIN
- INE138C01024
- Website
- kanoriachem.com
Price range
- Avg volume (3M)
- 45.3K
- 1-year return
- plus 115.7%
- From 52-week high
- minus 20.4%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| KANORICHEMKanoria Chemicals & Industries | 164.05 | minus 1.32% | 717 | 11.8 | 14.1 | – | 7.8% | 0.51 | −15.6% | plus 115.7% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 201 | 210 | 266 | 304 | 460 | |
| 183 | 204 | 246 | 277 | 415 | |
| 18.1 | 6.2 | 19.9 | 27.1 | 45 | |
| 9.0% | 3.0% | 7.5% | 8.9% | 9.8% | |
| 0.6 | 12.3 | 2.4 | 7.2 | 6.8 | |
| 7.3 | 8.6 | 7.7 | 8.4 | 7.3 | |
| 8.6 | 8.8 | 8.9 | 8.9 | 9.2 | |
| 2.8 | 1.2 | 5.7 | 17 | 35.2 | |
| 120.3% | 294.8% | 38.0% | −86.0% | 25.2% | |
| −7.8 | 93.4 | 3.6 | 31.6 | 26.4 | |
| -1.79 | 21.38 | 0.81 | 7.24 | 6.03 |
Profit & loss
- Sales CAGR 3Y
- −15.6%
- ROE
- 22.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,569 | 1,454 | 740 | 945 | |
| – | minus 7.3% | minus 49.1% | +27.6% | |
| 1,496 | 1,391 | 725 | 873 | |
| 72.7 | 62.6 | 15.9 | 71.5 | |
| 4.6% | 4.3% | 2.1% | 7.6% | |
| −3.4 | −11.1 | −1.8 | 14.6 | |
| 31.3 | 37.7 | 27 | 25 | |
| 58.9 | 59.3 | 31.9 | 35.2 | |
| 8.8 | 14.7 | 1.8 | 0.6 | |
| −12.2 | −30.8 | −43.1 | 26.6 | |
| −5.5% | −67.9% | −26.6% | −21.5% | |
| −8.8 | −38.4 | −83.6 | 121 | |
| -2.01 | -8.79 | -19.13 | 27.64 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.8 | 21.8 | 21.9 | 21.8 | |
| 584 | 579 | 499 | 551 | |
| 510 | 509 | 595 | 291 | |
| 366 | 380 | 382 | 253 | |
| 1,481 | 1,490 | 1,498 | 1,117 | |
| 856 | 868 | 899 | 763 | |
| 12.9 | 56.5 | 44.4 | 36.5 | |
| 10.3 | 12.9 | 11.9 | 58.6 | |
| 27.4 | 15.7 | 10.7 | 14.4 | |
| 575 | 537 | 532 | 244 | |
| 1,481 | 1,490 | 1,498 | 1,117 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.7 | 37.6 | 17 | 71.4 | |
| −29.2 | −50.4 | −19.8 | −7.5 | |
| 3.4 | 5.1 | −5.2 | −57.6 | |
| −0 | −7.6 | −7.9 | 6.3 | |
| −57.5 | −80.8 | −53.5 | −58.9 | |
| −31.8 | −43.2 | −36.5 | 12.5 | |
| −4.4 | – | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.