As of 6 Nov 2026, Kotyark Industries trades at 19.3× trailing earnings, below the industry P/E of 22.1×, and the shares are 12% below their 52-week high. Sales and net profit grew 34% and 9.4% a year over 3 years, with ROCE of 17% and ROE of 14%. Debt is 0.50× equity, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹451 Cr, ranked 102nd of 204 Specialty Chemicals companies by market cap; the shares rose 45% over the past year.
- ₹37.61
- ₹42.00
- ₹37.01
- ₹37.82
- 3 L
Health check
- ReturnsAhead
+45.0% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 19.3 vs industry 22.1.
- GrowthSteady
Sales +34.1%, profit +9.4% a year over 3 years.
- ProfitabilityWeak
ROCE 16.7% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.50× equity, interest covered 6.6×.
- Red flags2 to check
Quarterly sales down 5.5% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹451 Cr
- Small cap
- P/E
- 19.3
- Industry 22.1
- Price to book
- 2.27
- Peers 13.33
- Dividend yield
- 1.14%
- ROE
- 14.0%
- Peers 23.0%
- ROCE
- 16.7%
- Peers 24.4%
- Debt to equity
- 0.50
- Debt ₹93 Cr
- EPS (TTM)
- ₹2.07
- Face value ₹10
- OPM (TTM)
- 18.4%
- Net margin 7.1%
- Sales growth
- −5.5%
- Latest quarter vs a year ago
- Profit growth
- +129.0%
- Latest quarter vs a year ago
- Price to sales
- 1.40
- EV/EBITDA 9.2
Strengths and risks
Strengths
- Quarterly profit up 129.0% on a year ago.
Risks to check
- Quarterly sales down 5.5% on a year ago.
- Promoter stake down from 67.8% to 57.3%.
About Kotyark Industries
Kotyark Industries Limited engages in the manufacture and sale of biodiesel and other by products in India. The company also provides crude glycerin. It offers services to trucks, buses, and cars operators, as well as to gen, sets, boilers, shipping, farming industries. The company was incorporated in 2016 and is based in Vadodara, India.
- Headquarters
- Vadodara
- Employees
- 137
- Sector
- Basic Materials
- ISIN
- INE0J0B01017
- Website
- kotyark.com
Price range
- Avg volume (3M)
- 3.4 L
- 1-year return
- plus 45.0%
- From 52-week high
- minus 12.4%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| KOTYARKKotyark Industries | 39.86 | plus 5.39% | 451 | 19.3 | – | – | 18.4% | 0.50 | – | plus 45.0% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 82.5 | 64.9 | 63.7 | 92 | 61.3 | |
| – | – | – | +11.5% | minus 5.5% | |
| 72.2 | 56.5 | 44.5 | 80.3 | 48.6 | |
| 10.3 | 8.4 | 19.1 | 11.7 | 12.7 | |
| 12.5% | 12.9% | 30.1% | 12.7% | 20.7% | |
| 0 | 0.1 | −27.2 | 0 | 0 | |
| 1.7 | 1.7 | 2.3 | 1.8 | 1.9 | |
| 2.9 | 3.5 | 3.2 | 2.5 | 2.5 | |
| 5.7 | 3.2 | −13.6 | 7.5 | 8.4 | |
| 28.6% | 21.2% | −30.9% | 40.3% | 25.3% | |
| 3.6 | 2.5 | 9.3 | 3.8 | 5.8 | |
| – | – | – | +7.8% | +129.0% | |
| 3.46 | 0.23 | 0.83 | 0.34 | 0.55 |
Profit & loss
- Sales CAGR 3Y
- +34.1%
- Profit CAGR 3Y
- +9.4%
- EPS CAGR 3Y
- +6.2%
- ROE
- 14.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 270 | 288 | 313 | |
| – | +108.5% | +6.4% | +8.7% | |
| 105 | 225 | 245 | 265 | |
| 24.6 | 45.2 | 42.5 | 47.8 | |
| 19.0% | 16.7% | 14.8% | 15.3% | |
| −0.4 | 0 | 0.3 | −1 | |
| 2.9 | 5.6 | 7.4 | 7.2 | |
| 1.9 | 8.3 | 15.3 | 12.8 | |
| – | −0.7 | 0.4 | 0 | |
| 19.4 | 30.6 | 20.4 | 26.8 | |
| 25.9% | 27.5% | 28.8% | 27.9% | |
| 14.3 | 22.2 | 14.3 | 18.8 | |
| – | +54.8% | minus 35.4% | +30.8% | |
| 1.39 | 2.07 | 1.28 | 1.66 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.6 | 10.3 | 10.3 | 10.3 | |
| 67.1 | 140 | 152 | 170 | |
| 33.9 | 61.6 | 49.8 | 64.9 | |
| 4.5 | 9.5 | 23 | 15 | |
| 115 | 222 | 235 | 261 | |
| 33.9 | 81.6 | 80.1 | 69.9 | |
| 8.3 | 7.9 | 13 | 13.4 | |
| 0.2 | 5 | 0.4 | 1.4 | |
| 72.7 | 127 | 141 | 176 | |
| 115 | 222 | 235 | 261 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.9 | −15.6 | 30.9 | −3.9 | |
| −32 | −53.4 | −13.4 | −2.6 | |
| 21.7 | 73.8 | −22.2 | 7.5 | |
| −0.4 | 4.8 | −4.7 | 1 | |
| −32 | −53.5 | −14.4 | −2.8 | |
| −22.1 | −69.1 | 16.5 | −6.7 | |
| −1.7 | −4.4 | −15.4 | −0.3 |
Shareholding pattern
- Promoters57.34%
- Public42.66%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 57.34% | 42.66% | 0.00 | |
| 30 Jun 2026 | 57.34% | 42.66% | minus 6.50 | |
| 31 Mar 2026 | 63.84% | 36.16% | minus 3.92 | |
| 30 Sep 2025 | 67.76% | 32.24% | 0.00 | |
| 31 Mar 2025 | 67.76% | 32.24% | – |
Major shareholders
Filings & events
News
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