On 6 Nov 2026, Kothari Sugars And Chemicals was priced at ₹23.42, or 35.5× trailing earnings, against an industry P/E of 15.1×, and the shares are 41% below their 52-week high. Sales and net profit fell 26% and 46% a year over 3 years; its ROCE of 0.5% is the second-lowest among the 7 largest Confectioners peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹194 Cr, ranked 23rd of 37 Confectioners companies by market cap; the shares fell 23% over the past year.
- ₹23.98
- ₹24.00
- ₹23.00
- ₹23.50
- 29.7K
Health check
- ReturnsBehind
−23.2% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −25.8%, profit −46.0% a year over 3 years.
- ProfitabilityWeak
ROCE 0.5% vs peer median 9.6%.
- Balance sheetStretched
Practically debt-free, Piotroski 2 of 9.
- Red flags5 to check
Return on equity is low at 4.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹194 Cr
- Small cap
- P/E
- 35.5
- Industry 15.1
- Price to book
- 0.67
- Peers 1.58
- Dividend yield
- 0.00%
- ROE
- 4.7%
- Peers 7.7%
- ROCE
- 0.5%
- Peers 9.6%
- Debt to equity
- 0.00
- Debt ₹0.61 Cr
- EPS (TTM)
- ₹0.66
- Face value ₹10
- OPM (TTM)
- −8.8%
- Net margin 4.8%
- Sales growth
- +25.1%
- Latest quarter vs a year ago
- Profit growth
- −93.6%
- Latest quarter vs a year ago
- Price to sales
- 0.68
- EV/EBITDA −6.6
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 25.1% on a year ago.
Risks to check
- Return on equity is low at 4.7%.
- Quarterly profit down 93.6% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 35.5 against an industry P/E of 15.1.
- 41% below its 52-week high.
About Kothari Sugars And Chemicals
Kothari Sugars and Chemicals Limited manufactures and sells sugar and its by-products in India and internationally. It operates through Sugar, Power, and Distillery segments. The company produces white sugar products; and cogenerates power from bagasse. It also engages in production of extra neutral alcohol, ethanol, and rectified spirit distillery products. In addition, the company offers bio-compost from press mud and distillery effluents. Further, it…
- Headquarters
- Chennai
- Employees
- 441
- Sector
- Consumer Defensive
- ISIN
- INE419A01022
- Website
- hckotharigroup.com
Price range
- Avg volume (3M)
- 1.8 L
- 1-year return
- minus 23.2%
- From 52-week high
- minus 41.4%
Peers · Confectioners
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BALRAMCHINBalrampur Chini Mills | 670.30 | minus 1.21% | 14,186 | 32.9 | 2.98 | 11.8% | 9.7% | 11.7% | 10.4% | 10.0% | 0.60% | plus 50.8% |
| TRIVENITriveni Engineering & Industries | 240.01 | minus 1.29% | 5,289 | 15.1 | 1.58 | 12.1% | 8.3% | 8.5% | 4.0% | −46.9% | 1.15% | minus 32.1% |
| BAJAJHINDBajaj Hindusthan Sugar | 18.59 | minus 1.64% | 4,441 | 15.1 | 4.41 | 1.7% | 6.4% | 5.1% | −4.4% | – | 0.00% | minus 13.9% |
| BANARISUGBannari Amman Sugars | 3,195.70 | minus 7.23% | 4,007 | 32.9 | 2.09 | 8.7% | 8.0% | 9.3% | −8.8% | 1.0% | 0.39% | minus 4.3% |
| RENUKAShree Renuka Sugars | 18.19 | minus 2.31% | 3,872 | – | −1.23 | −27.3% | – | −0.5% | 0.6% | – | 0.00% | minus 36.3% |
| DALMIASUGDalmia Bharat Sugar and Industries | 477.50 | plus 0.16% | 3,865 | 19.0 | 1.20 | 9.6% | 7.3% | 10.8% | 3.7% | −1.8% | 1.26% | plus 40.9% |
| AVADHSUGARAvadh Sugar & Energy | 824.35 | minus 6.17% | 1,650 | 25.0 | 1.47 | 10.3% | 5.1% | 8.3% | −1.2% | −17.0% | 1.14% | plus 107.3% |
| KOTARISUGKothari Sugars And Chemicals | 23.42 | minus 0.34% | 194 | 35.5 | 0.67 | 0.5% | 2.3% | −8.8% | −25.8% | −46.0% | 0.00% | minus 23.2% |
| Median of 7 peers | – | −1.64% | 4,007 | 22.0 | 1.58 | 9.6% | 7.7% | 8.5% | 0.6% | −1.8% | 0.60% | −4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 66.7 | 68 | 70.1 | 42 | 83.4 | |
| 65.6 | 76 | 76.1 | 44.9 | 89.7 | |
| 1.1 | −8 | −6 | −2.9 | −6.2 | |
| 1.6% | −11.7% | −8.6% | −6.9% | −7.5% | |
| 4.3 | 2.2 | 2.6 | 1.8 | 3.7 | |
| 1.7 | 1.5 | 0.6 | 0.8 | 1.6 | |
| 3.6 | 3.6 | 3.6 | 3.7 | 3.7 | |
| 1.6 | – | 19.8 | – | 8 | |
| 1.6 | −10.8 | 12.1 | −5.6 | 0.1 | |
| 23.9% | 33.0% | 1.3% | 111.3% | 8.2% | |
| 1.2 | −7.2 | 12 | −6.2 | 0.1 | |
| 0.15 | -0.87 | 1.44 | 0.08 | 0.01 |
Profit & loss
- Sales CAGR 3Y
- −25.8%
- Profit CAGR 3Y
- −46.0%
- EPS CAGR 3Y
- −45.9%
- ROE
- 4.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 605 | 503 | 309 | 247 | |
| – | minus 16.9% | minus 38.5% | minus 20.2% | |
| 543 | 458 | 297 | 262 | |
| 62.4 | 44.3 | 12.3 | −15.7 | |
| 10.3% | 8.8% | 4.0% | −6.4% | |
| 3.6 | 15.2 | 7.8 | 4.7 | |
| 3.7 | 3.5 | 3.3 | 4.3 | |
| 14 | 14.3 | 14.7 | 14.6 | |
| 6.6 | 0.2 | 14.7 | 27.2 | |
| 54.8 | 41.9 | 16.8 | −2.6 | |
| 23.6% | 29.6% | 37.8% | 351.2% | |
| 41.9 | 29.5 | 10.4 | 6.6 | |
| – | minus 29.7% | minus 64.7% | minus 36.6% | |
| 5.06 | 3.56 | 1.26 | 0.80 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 82.9 | 82.9 | 82.9 | 82.9 | |
| 175 | 196 | 206 | 213 | |
| 38.5 | 70.2 | 49.9 | 70.3 | |
| 136 | 134 | 110 | 79.8 | |
| 432 | 483 | 450 | 446 | |
| 160 | 163 | 149 | 153 | |
| 8.8 | 0.3 | – | – | |
| 6.2 | 13.1 | 17.2 | 16.5 | |
| 66 | 87 | 117 | 105 | |
| 191 | 219 | 166 | 171 | |
| 432 | 483 | 450 | 446 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45.1 | 15.6 | 52.5 | −14 | |
| −18.7 | −35.6 | −27.7 | −2.4 | |
| −15.1 | −12.4 | −3.7 | −4.6 | |
| 11.3 | −32.4 | 21 | −21.1 | |
| −21.5 | −17.4 | −5.4 | −24.4 | |
| 23.6 | −1.8 | 47 | −38.4 | |
| −4.1 | −8.3 | – | – |
Shareholding pattern
- Promoters73.53%
- Public26.47%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.53% | 26.47% | 0.00 | |
| 30 Jun 2026 | 73.53% | 26.47% | 0.00 | |
| 31 Mar 2026 | 73.53% | 26.47% | 0.00 | |
| 31 Dec 2025 | 73.53% | 26.47% | 0.00 | |
| 30 Sep 2025 | 73.53% | 26.47% | – |
Major shareholders
Filings & events
News
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