Kanoriachemicals-
NSE: KANORICHEM · Industrial Products · sector
₹176.23NSE close 2026-10-26
Key numbers
Market cap₹971 cr
Price₹176.23
52w high / low₹206 / ₹56
P/E5.0xSector median 24.2x
P/B1.7xSector median 2.8x
Book value₹104.0
Dividend yield–Sector median 0.50%
ROE33.3%Sector median 11.5%
ROCE10.6%Sector median 13.4%
OPM7.9%Sector median 10.3%
Debt / equity0.51xSector median 0.17x
EV/EBITDA12.7xSector median 16.7x
Interest cover2.9x
Current ratio0.92x
Sales growth 3y-14.7%Sector median +10.2%
Profit growth 3y+158.6%Sector median +12.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹15 cr vs borrowings ₹290 cr (FY26): borrowings are higher by ₹276 cr.
- Operating profit covered interest 2.9x in the last 12 months.
- 29.57% of the promoters' shares are pledged (22.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹176.23 on 2026-10-26: -14.5% from the 52-week high, +214.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹191.33 · low ₹59.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 374 | 348 | 431 | 454 | 210 | 266 | 304 | 460 |
| EBITDA | 13 | -0 | -12 | 16 | 6 | 20 | 27 | 45 |
| OPM % | 3.5% | -0.1% | -2.9% | 3.6% | 3.0% | 7.5% | 8.9% | 9.8% |
| Other income | 5 | 1 | 3 | 1 | 12 | 2 | 7 | 7 |
| Net profit | -12 | -11 | -36 | -8 | 101 | 8 | 45 | 27 |
| EPS (₹) | -3.18 | -3.82 | -8.32 | -1.79 | 21.38 | 0.81 | 7.24 | 6.03 |
| Revenue YoY | -43.8% | -23.5% | -29.4% | +1.5% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,369 | 1,578 | 1,477 | 1,537 | 981 | 1,240 |
| EBITDA | 68 | 72 | 50 | 2 | 71 | 98 |
| Net profit | 7 | 9 | -34 | -75 | 151 | 182 |
| EPS (₹) | 1.56 | -2.01 | -8.79 | -19.13 | 27.64 | 35.46 |
| Revenue growth | +15.3% | -6.4% | +4.1% | -36.1% | -22.8% | |
| Profit growth | +26.3% | -484.5% | – | – | – | |
| Dividend / share (₹) | – | 1.00 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -14.6% | -2.2% | -22.8% |
| Net profit | +158.6% | +58.3% | – |
| EPS | – | +52.8% | – |
| Share price | – | +15.0% (2y) | +111.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 605 | 601 | 521 | 573 |
| Borrowings | – | 508 | 507 | 594 | 290 |
| Cash & equivalents | – | 28 | 16 | 11 | 15 |
| Total assets | – | 1,481 | 1,490 | 1,498 | 1,117 |
| Fixed assets | – | 843 | 811 | 855 | 727 |
| Capital work in progress | – | 10 | 46 | 44 | 32 |
| Investments | – | 10 | 13 | 12 | 59 |
| Receivables | – | 196 | 186 | 238 | 134 |
| Inventory | – | 278 | 285 | 246 | 106 |
| Payables | – | 231 | 224 | 228 | 136 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 83 | 26 | 38 | 20 | 66 |
| Cash from investing | -43 | -25 | -50 | -65 | -39 |
| Cash from financing | -53 | -1 | 5 | 41 | -25 |
| Capex | 43 | 57 | 81 | 100 | 88 |
| Free cash flow | 40 | -32 | -43 | -80 | -22 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 1.4% | -5.6% | -14.4% | 26.4% |
| ROCE % | – | 2.1% | 0.6% | -4.6% | 6.8% |
| Debtor days | – | 45 | 46 | 56 | 50 |
| Inventory days | – | 91 | 104 | 84 | 55 |
| Payable days | – | 75 | 82 | 78 | 70 |
| Cash conversion cycle (days) | – | 61 | 68 | 62 | 35 |
| Working capital days | – | 15 | 13 | -1 | -9 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.40% |
| FIIs | 0.07% |
| DIIs | 0.07% |
| of which Mutual funds | 0.07% |
| Public (non-institutions) | 25.46% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.40% | 74.40% | 74.40% | 74.40% | 74.40% | 74.40% | 74.40% | 74.40% |
| Promoter group | % |
|---|---|
| Vardhan Limited | 59.94% |
| R V Investment and Dealers Limited | 7.35% |
| Kirtivardhan Finvest Services Limited | 2.64% |
| Saumya Vardhan Kanoria | 1.27% |
| Madhuvanti Kanoria | 1.14% |
| Rajya Vardhan Kanoria | 1.06% |
| Anand Vardhan Kanoria | 0.99% |
| Anuja Tantia | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sanjiv Dhireshbhai Shah | 4.58% |
14,423 shareholders. Pledged: 29.57% of promoter shares.
Peers in Industrial Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| INDOMIM | ₹52,085 cr | – | – | – | – | – | – | – |
| CPPLUS | ₹45,577 cr | 94.7x | 24.3x | 25.5% | 33.3% | 14.5% | – | 0.04% |
| SYRMA | ₹28,803 cr | 77.7x | 10.1x | 17.4% | 17.6% | 11.1% | +33.0% | 0.10% |
| HONAUT | ₹27,500 cr | 50.1x | 6.2x | 13.0% | 16.9% | 13.3% | +10.7% | 0.34% |
| KAYNES | ₹22,167 cr | 64.0x | 4.7x | 9.1% | 11.1% | 15.5% | +47.7% | – |
| JYOTICNC | ₹20,523 cr | 63.8x | 10.3x | 17.4% | 18.5% | 24.4% | – | – |
| LMW | ₹17,267 cr | 84.2x | 5.7x | 7.0% | 9.3% | 7.1% | -12.1% | 0.19% |
| TEGA | ₹12,752 cr | 447.9x | 3.7x | 0.9% | 4.5% | 7.5% | +11.7% | 0.11% |
| LLOYDSENGG | ₹12,248 cr | 48.1x | 7.3x | 14.1% | 15.1% | 14.2% | +60.9% | 0.27% |
| KANORICHEM | ₹971 cr | 5.0x | 1.7x | 33.3% | 10.6% | 7.9% | -14.7% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| ALCO CHEMICALS | ₹875 cr | 89.2% | ₹59 cr | 6.7% |
| TEXTILE | ₹106 cr | 10.8% | ₹-0 cr | -0.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2022-08-24 | Dividend | Dividend - Re 1 Per Share |
| 2019-08-27 | Dividend | Dividend - Re 0.75 Per Share |
| 2018-09-05 | Dividend | Dividend- Rs 1.50 Per Share |
| 2017-08-24 | Dividend | Dividend - Rs 1.50 Per Share |
| 2016-08-24 | Dividend | Dividend Rs 1.50 Per Share |
| 2015-08-24 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2014-08-19 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share |
| 2013-07-26 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
| 2012-07-23 | Dividend | Annual General Meeting And Dividend - Rs.1.50 Per Share |
| 2011-07-27 | Dividend | Dividend-Rs.5/- Per Share |
| 2010-07-13 | Dividend | Dividend Rs 1.50 Per Share |
| 2009-07-15 | Other | Agm/Div-Rs.1.50 Per Share |
| 2008-07-08 | Dividend | Agm/Dividend - 30% |
| 2007-12-31 | Other | Fv Spl-Rs10tors5/Bon-1:2 |
| 2007-07-10 | Dividend | Agm/Dividend - 30% |
| 2006-07-11 | Dividend | Agm/Dividend-30% |
| 2005-07-14 | Dividend | Agm/Dividend-30% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Industrial Products |
| Sub-industry | Industrial Products |
| Symbol | KANORICHEM |
| BSE code | 506525 |
| ISIN | INE138C01024 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.