KOTHARIPRO

Kothari Products Limited

Commodities and diversified trade flows distributor under Kothari group

Services›Services›Commercial Services & Supplies›Trading & Distributors

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

Price as of 2026-10-16

Stock price
₹61.83
Market cap
368 Cr
Stock P/E
18.2
P/B
0.32
ROE (FY26)
2.7%
ROCE (FY26)
3.9%
Operating margin (FY26)
-5.0%
Debt / equity (FY26)
0.09

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

Kothari Products trades goods, which is its main source of revenue, and also earns from real estate holdings through two reported segments, Trading Items and Real Estate etc. The Kothari promoter family holds 74.99% (30 June 2026).

Company snapshot

9thBy market cap

Ranked among 23 companies in Trading & Distributors.

Segment mix

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

Largest segment: 103.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Real Estate Etc.
1.8%
13 Cr7 Cr—
Trading Items
103.1%
758 Cr-108 Cr—

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.09x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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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
Sales266 Cr226 Cr276 Cr248 Cr266 Cr221 Cr223 Cr248 Cr283 Cr162 Cr317 Cr270 Cr
Operating expenses (approx.)268 Cr226 Cr278 Cr247 Cr394 Cr228 Cr221 Cr248 Cr302 Cr175 Cr333 Cr283 Cr
EBITDA-3 Cr0.02 Cr-2 Cr0.43 Cr-128 Cr-6 Cr2 Cr0.71 Cr-19 Cr-13 Cr-17 Cr-13 Cr
OPM %-1.0%0.0%-0.6%0.2%-48.3%-2.8%0.8%0.3%-6.7%-7.9%-5.3%-4.8%
Other income3 Cr5 Cr11 Cr6 Cr6 Cr24 Cr15 Cr26 Cr13 Cr16 Cr0.41 Cr20 Cr
Interest1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr3 Cr4 Cr2 Cr1 Cr2 Cr
Depreciation0.46 Cr0.44 Cr0.53 Cr0.40 Cr0.51 Cr0.46 Cr0.51 Cr0.53 Cr0.56 Cr0.78 Cr0.57 Cr0.58 Cr
Profit before tax0.37 Cr9 Cr11 Cr6 Cr-121 Cr10 Cr15 Cr23 Cr5 Cr13 Cr-3 Cr12 Cr
Tax %-18.9%-2.3%-0.4%16.9%0.6%-1.3%32.8%7.5%26.8%24.6%34.1%38.8%
Net profit0.44 Cr9 Cr11 Cr5 Cr-120 Cr11 Cr10 Cr21 Cr4 Cr10 Cr-2 Cr8 Cr
EPS (₹)₹0.15₹2.98₹3.84₹1.77₹-40.26₹3.55₹1.52₹3.03₹0.81₹1.67₹-0.33₹1.26

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,334 Cr6,370 Cr5,765 Cr4,113 Cr3,117 Cr3,397 Cr1,387 Cr992 Cr958 Cr1,010 CrSign in free for the trailing twelve months
Operating expenses (approx.)6,152 Cr6,261 Cr5,576 Cr4,175 Cr3,188 Cr3,389 Cr1,408 Cr996 Cr1,090 Cr1,057 CrSign in free for the trailing twelve months
EBITDA183 Cr109 Cr189 Cr-61 Cr-71 Cr7 Cr-21 Cr-3 Cr-132 Cr-48 CrSign in free for the trailing twelve months
OPM %2.9%1.7%3.3%-1.5%-2.3%0.2%-1.5%-0.3%-13.8%-4.7%Sign in free for the trailing twelve months
Other income21 Cr10 Cr33 Cr170 Cr76 Cr46 Cr43 Cr32 Cr51 Cr55 CrSign in free for the trailing twelve months
Interest78 Cr45 Cr59 Cr50 Cr43 Cr32 Cr13 Cr6 Cr6 Cr10 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax115 Cr68 Cr162 Cr55 Cr-54 Cr19 Cr9 Cr33 Cr-89 Cr39 CrSign in free for the trailing twelve months
Tax %34.4%18.7%23.9%36.6%-4.3%23.9%44.4%2.7%-5.9%14.0%Sign in free for the trailing twelve months
Net profit76 Cr55 Cr124 Cr35 Cr-56 Cr15 Cr5 Cr32 Cr-94 Cr33 CrSign in free for the trailing twelve months
EPS (₹)₹25.37₹18.55₹41.41₹11.64₹-18.86₹4.92₹1.74₹10.89₹-15.95₹5.17Sign in free for the trailing twelve months
Dividend payout %—————0.0%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 capital30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr30 Cr60 Cr60 Cr
Reserves928 Cr983 Cr1,100 Cr1,141 Cr1,091 Cr1,053 Cr1,124 Cr1,166 Cr1,036 Cr1,098 Cr
Borrowings283 Cr528 Cr1,141 Cr1,105 Cr1,025 Cr343 Cr275 Cr82 Cr264 Cr99 Cr
Other liabilities2,648 Cr2,022 Cr1,015 Cr532 Cr464 Cr342 Cr51 Cr55 Cr109 Cr76 Cr
Total liabilities3,889 Cr3,563 Cr3,285 Cr2,808 Cr2,609 Cr1,768 Cr1,479 Cr1,333 Cr1,497 Cr1,333 Cr
Fixed assets (net)18 Cr20 Cr34 Cr31 Cr27 Cr26 Cr25 Cr9 Cr20 Cr16 Cr
CWIP——1 Cr0 Cr0 Cr0 Cr0 Cr15 Cr0 Cr1 Cr
Investments273 Cr338 Cr118 Cr94 Cr66 Cr112 Cr281 Cr363 Cr512 Cr580 Cr
Loans & advances——0 Cr17 Cr0 Cr0 Cr110 Cr80 Cr172 Cr49 Cr
Inventories174 Cr216 Cr159 Cr142 Cr3 Cr8 Cr8 Cr6 Cr72 Cr3 Cr
Trade receivables1,679 Cr1,862 Cr2,344 Cr2,103 Cr2,050 Cr1,258 Cr817 Cr686 Cr452 Cr448 Cr
Cash & bank60 Cr18 Cr109 Cr15 Cr72 Cr40 Cr33 Cr31 Cr84 Cr26 Cr
Other assets1,685 Cr1,109 Cr519 Cr406 Cr392 Cr323 Cr206 Cr143 Cr184 Cr209 Cr
Total assets3,889 Cr3,563 Cr3,285 Cr2,808 Cr2,609 Cr1,768 Cr1,479 Cr1,333 Cr1,497 Cr1,333 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 activity12 Cr-781 Cr-1,272 Cr-63 Cr120 Cr670 Cr241 Cr162 Cr100 Cr-63 Cr
Cash from investing135 Cr550 Cr814 Cr59 Cr74 Cr13 Cr-168 Cr35 Cr-127 Cr25 Cr
Cash from financing-190 Cr189 Cr548 Cr-89 Cr-138 Cr-714 Cr-81 Cr-198 Cr51 Cr-21 Cr
Net cash flow-42 Cr-41 Cr90 Cr-93 Cr56 Cr-31 Cr-8 Cr-1 Cr24 Cr-58 Cr
Free cash flow (OCF − Capex)9 Cr-791 Cr-1,291 Cr-64 Cr119 Cr668 Cr238 Cr159 Cr98 Cr-70 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.5%7.3%9.7%4.6%-0.5%3.6%1.6%3.1%-6.0%3.9%
ROE %7.9%5.5%10.9%3.0%-5.0%1.4%0.4%2.7%-8.5%2.7%
Debtor days96106148187239135214252172162
Inventory days7641412917810130122271
Days payable113632511800946144493311162725
Cash conversion cycle-1059815-105080997156190102206238173138
OCF / EBITDA %n.m.n.m.-673.3%——n.m.————
OCF / EBITDA % (3 years)——n.m.n.m.n.m.—————
Debt / equity0.300.521.010.940.920.320.240.070.240.09
Current ratio——1.772.242.133.506.0612.673.983.85
Net debt / EBITDA1.22—5.46——41.03————