KANORICHEM

Kanoria Chemicals & Industries Limited

Specialty chemicals and industrial products company

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

kanoriachem.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹187.70
Market cap
820 Cr
Stock P/E
5.3
P/B
1.43
Dividend yield
0.5%
ROE (FY26)
20.9%
ROCE (FY26)
16.2%
Operating margin (FY26)
3.7%
Debt / equity (FY26)
0.51
OCF / EBITDA (FY26)
92.9%
OCF / EBITDA (3Y)
79.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kanoria Chemicals (Kanoria Chemicals & Industries) makes chemicals, including products for food and pharma uses, and also runs a textile business, selling mainly in India with some international market access.

Company snapshot

51stBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 51.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Alco Chemicals
43.9%
485 Cr22 Cr—
Electronic Automotive
51.1%
565 Cr-36 Cr—
Textile
5.0%
55 Cr-12 Cr—

What we see

Positives
  • ✓Return on equity of 20.9% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Interest coverage of 1.1x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales371 Cr342 Cr362 Cr384 Cr374 Cr348 Cr431 Cr454 Cr210 Cr266 Cr304 Cr460 Cr
Operating expenses (approx.)365 Cr339 Cr333 Cr382 Cr361 Cr348 Cr414 Cr437 Cr204 Cr246 Cr277 Cr415 Cr
EBITDA6 Cr3 Cr29 Cr2 Cr13 Cr-0.44 Cr17 Cr16 Cr6 Cr20 Cr27 Cr45 Cr
OPM %1.6%0.8%8.0%0.5%3.5%-0.1%3.9%3.6%3.0%7.5%8.9%9.8%
Other income-0.69 Cr8 Cr0.54 Cr1 Cr5 Cr0.71 Cr3 Cr0.76 Cr12 Cr2 Cr7 Cr7 Cr
Interest12 Cr9 Cr12 Cr11 Cr12 Cr11 Cr12 Cr11 Cr9 Cr8 Cr8 Cr7 Cr
Depreciation15 Cr16 Cr16 Cr15 Cr15 Cr16 Cr16 Cr17 Cr9 Cr9 Cr9 Cr9 Cr
Profit before tax-21 Cr-14 Cr2 Cr-20 Cr-9 Cr-27 Cr-38 Cr-10 Cr95 Cr6 Cr17 Cr35 Cr
Tax %2.8%-11.8%861.7%-12.9%-75.7%-6.4%-5.2%-31.7%3.6%38.0%-86.0%25.2%
Net profit-21 Cr-15 Cr-16 Cr-23 Cr-16 Cr-29 Cr-40 Cr-14 Cr92 Cr4 Cr32 Cr26 Cr
EPS (₹)₹-4.20₹-1.86₹-2.12₹-3.81₹-3.18₹-3.82₹-8.33₹-1.79₹21.38₹0.81₹7.24₹6.03

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales734 Cr845 Cr1,074 Cr1,005 Cr1,095 Cr1,369 Cr1,578 Cr1,477 Cr1,537 Cr981 CrSign in free for the trailing twelve months
Operating expenses (approx.)707 Cr810 Cr1,010 Cr977 Cr1,001 Cr1,301 Cr1,506 Cr1,424 Cr1,505 Cr910 CrSign in free for the trailing twelve months
EBITDA27 Cr35 Cr64 Cr28 Cr94 Cr68 Cr72 Cr53 Cr31 Cr71 CrSign in free for the trailing twelve months
OPM %3.6%4.1%5.9%2.8%8.6%5.0%4.6%3.6%2.0%7.3%Sign in free for the trailing twelve months
Other income26 Cr45 Cr12 Cr22 Cr12 Cr29 Cr10 Cr19 Cr9 Cr22 CrSign in free for the trailing twelve months
Interest20 Cr24 Cr36 Cr37 Cr32 Cr27 Cr36 Cr43 Cr46 Cr32 CrSign in free for the trailing twelve months
Depreciation45 Cr47 Cr49 Cr56 Cr58 Cr57 Cr59 Cr63 Cr63 Cr35 CrSign in free for the trailing twelve months
Profit before tax-32 Cr10 Cr-15 Cr-43 Cr11 Cr13 Cr-12 Cr-36 Cr-95 Cr107 CrSign in free for the trailing twelve months
Tax %25.2%-20.0%-30.2%26.3%-39.9%83.0%-5.5%-53.7%-14.1%-5.3%Sign in free for the trailing twelve months
Net profit-24 Cr12 Cr-19 Cr-32 Cr16 Cr2 Cr-13 Cr-55 Cr-108 Cr113 CrSign in free for the trailing twelve months
EPS (₹)₹-3.38₹3.22₹-3.42₹-5.90₹3.32₹1.56₹-2.01₹-8.79₹-19.13₹27.64Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%———0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr22 Cr
Reserves558 Cr566 Cr577 Cr547 Cr565 Cr576 Cr584 Cr579 Cr499 Cr551 Cr
Borrowings377 Cr394 Cr455 Cr493 Cr463 Cr472 Cr508 Cr507 Cr594 Cr290 Cr
Other liabilities243 Cr290 Cr331 Cr300 Cr303 Cr329 Cr367 Cr366 Cr394 Cr254 Cr
Total liabilities1,209 Cr1,278 Cr1,401 Cr1,374 Cr1,362 Cr1,403 Cr1,481 Cr1,490 Cr1,498 Cr1,117 Cr
Fixed assets (net)692 Cr753 Cr806 Cr855 Cr826 Cr825 Cr843 Cr811 Cr855 Cr727 Cr
CWIP27 Cr12 Cr42 Cr15 Cr13 Cr10 Cr10 Cr46 Cr44 Cr32 Cr
Investments100 Cr63 Cr48 Cr26 Cr19 Cr22 Cr17 Cr16 Cr14 Cr59 Cr
Loans & advances——0.25 Cr0.24 Cr0.23 Cr0.27 Cr0.39 Cr0.23 Cr0.37 Cr0.50 Cr
Inventories103 Cr141 Cr190 Cr181 Cr167 Cr254 Cr278 Cr285 Cr246 Cr106 Cr
Trade receivables114 Cr138 Cr146 Cr144 Cr203 Cr173 Cr196 Cr186 Cr238 Cr134 Cr
Cash & bank16 Cr11 Cr19 Cr36 Cr32 Cr19 Cr19 Cr11 Cr8 Cr10 Cr
Other assets158 Cr160 Cr149 Cr116 Cr101 Cr99 Cr119 Cr135 Cr93 Cr49 Cr
Total assets1,209 Cr1,278 Cr1,401 Cr1,374 Cr1,362 Cr1,403 Cr1,481 Cr1,490 Cr1,498 Cr1,117 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——22 Cr31 Cr82 Cr83 Cr26 Cr38 Cr20 Cr66 Cr
Cash from investing——-86 Cr-3 Cr-12 Cr-43 Cr-25 Cr-50 Cr-65 Cr-39 Cr
Cash from financing——73 Cr-11 Cr-75 Cr-53 Cr-0.77 Cr5 Cr41 Cr-25 Cr
Net cash flow——8 Cr17 Cr-4 Cr-13 Cr-0.02 Cr-8 Cr-3 Cr2 Cr
Free cash flow (OCF − Capex)——-95 Cr-16 Cr55 Cr40 Cr-32 Cr-43 Cr-80 Cr-22 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-1.2%3.4%2.0%-0.6%4.1%3.7%2.1%0.6%-4.4%16.2%
ROE %-2.5%2.4%-2.5%-4.4%2.5%1.1%-1.5%-6.4%-16.2%20.9%
Debtor days57594952684645465650
Inventory days869194968594881058564
Days payable76837384797873837982
Cash conversion cycle66687164746260696332
OCF / EBITDA %——33.8%n.m.88.1%121.9%35.6%71.3%n.m.92.9%
OCF / EBITDA % (3 years)————72.8%103.5%81.7%75.8%53.4%79.9%
Debt / equity0.650.670.760.870.790.790.840.841.160.51
Current ratio1.161.081.111.071.221.241.121.110.990.92
Net debt / EBITDA13.6111.056.8416.254.616.656.759.4018.683.92