Kanoria Chemicals & Industries Limited (KANORICHEM)

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Kanoria Chemicals & Industries Limited (KANORICHEM) · mywealthgrid

About

Kanoria Chemicals & Industries manufactures industrial products in Industrials sector. Market cap ₹665.51 Cr; recent quarters show ₹430–460 Cr revenue (Jun 2026) with promoters holding 74.4%.

Face value: ₹5

Market cap

₹826 Cr

P/E

4.5×

P/B

1.4×

Dividend yield

ROE

27.6%

ROCE

6.8%

Debt / equity

0.51

OPM

7.3%

EPS (TTM)

₹41.7

Book value

₹131.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

OPM 7.27% thin; vulnerable to input-cost inflation or pricing pressure typical in industrial manufacturing

PE 3.66 unusually low; verify whether reflects real operational risks, contingent liabilities, or undervaluation

Institutional holders near zero (FII 0.05%, DII 0.07%) with public float 25.48%; assess whether low institutional interest reflects justified skepticism or market inefficiency

Net profit swings sharply (₹3.55–₹91.81 Cr across recent quarters); clarify whether volatility stems from seasonality, one-time items, or operational instability

Generated analysis · source review pending

Growth drivers

Revenue grew from ₹190–209 Cr (Sep 2025) to ₹430–460 Cr (Jun 2026) in nine months; verify drivers—capacity, market share, pricing—and sustainability

1-year return 73% reflects market re-rating; assess whether improved fundamentals support upside or momentum disconnected from earnings

OPM 7.27% thin; identify operational levers for margin improvement—fixed-cost absorption, product mix, pricing—as revenue scales

Results announced Aug 11, 2026; review guidance on production, end-market demand, cost outlook

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹189.0-5.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 58.3% over the last 5 years
+High promoter holding of 74.4% with no pledge

Cons

−Low return on equity of 2.9% (3-yr avg)
−Thin operating margin of 7.3%
−Revenue shrank over the last 5 years (-2.2% a year)
−Weak interest coverage of 1.8×

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 37
Growth: 41
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,005	1,095	1,369	1,578	1,477	1,537	981
COGS	681	725	952	1,116	996	1,066	707
Gross profit	324	369	417	462	481	471	274
	296	276	349	390	428	440	203
	28	94	68	72	53	31	71
OPM %	2.8%	8.6%	5%	4.6%	3.6%	2%	7.3%
Depreciation	56	58	57	59	63	63	35
Interest	37	32	27	36	43	46	32
	22	8	29	10	17	-19	103
Profit before tax	-43	11	13	-12	-36	-96	107
Tax	-11	-5	11	1	19	12	-6
Tax %	-26.3%	-39.9%	83%	5.5%	53.7%	12.3%	-5.3%
	-32	16	2	-13	-55	-108	113
PAT margin %	-3.1%	1.5%	0.2%	-0.8%	-3.7%	-7%	11.5%
EPS (₹)	-5.9	3.3	1.6	-2	-8.8	-19.1	27.6
EPS adjusted (₹)	-6.2	3.5	1.6	2	-7.7	-17.1	34.6
	—	0%	64.1%	—	—	—	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	22	22	22	22	22	22	22	22
Reserves	463	—	565	576	584	579	499	551
Minority interest	—	—	8	4	2	16	—	—
	392	—	490	472	508	507	594	290
	208	—	277	329	367	366	383	254
Total equity & liabilities	1,085	—	1,362	1,403	1,481	1,490	1,498	1,117
	365	894	864	863	882	850	865	727
CWIP	287	—	13	10	10	46	44	32
Investments	125	—	19	22	17	16	14	59
	308	—	465	507	573	579	576	299
Total assets	1,085	—	1,362	1,403	1,481	1,490	1,498	1,117

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
ALCO CHEMICALS	875.35	58.76	761.77	230.03	531.74	11.05
TEXTILE	106.08	-0.14

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	32.2%	33.7%	30.5%	29.3%	32.6%	30.7%	27.9%
EBITDA margin %	2.8%	8.6%	5%	4.6%	3.6%	2%	7.3%
EBIT margin %	-2.8%	3.3%	0.8%	0.9%	-0.7%	-2%	3.7%
PAT margin %	-3.1%	1.5%	0.2%	-0.8%	-3.7%	-7%	11.5%
Working capital
Receivable days	—	68	46	45	46	56	50
Inventory days	—	84	97	91	104	84	55
Payable days	—	77	80	75	82	78	70
NWC days	—	75	63	61	68	63	34
Leverage
Current ratio	—	1.22	1.24	1.12	1.11	0.99	0.92
Debt to EBITDA	—	5.23	6.93	7.01	9.61	18.94	4.07
Debt to equity	—	0.83	0.79	0.84	0.84	1.14	0.51
Interest coverage	-0.2	1.5	1.5	0.7	0.2	-0.5	1.8
Asset turnover	—	0.8	0.98	1.07	0.99	1.03	0.88
Return ratios
Return on assets %	—	1.2%	0.2%	-0.9%	-3.7%	-7.2%	10.1%
Return on capital employed %	—	4.8%	4%	2.4%	1%	-2.3%	6.8%
Return on equity %	—	2.7%	0.4%	-2.1%	-9.2%	-20.8%	19.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%
	0.04%	0.07%	0.14%	0.2%	0.05%	0.05%	0.06%	0.05%	0.04%	0.04%	0.04%	0.05%
	0.07%	0.09%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.49%	25.44%	25.39%	25.33%	25.48%	25.48%	25.47%	25.48%	25.49%	25.49%	25.49%	25.48%
No. of shareholders	—	—	—	—	—	—	—	—	17,555	17,295	16,861	15,700

Promoter holding up 0 percentage points since Sep 2023.

2 deals · 16 Sept 2024 – 16 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,92,684	₹163.05	₹4.77 Cr
16 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,92,684	₹162.71	₹4.76 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. RAJYA VARDHAN KANORIAExecutive Director-Chairperson related to Promoter-MD
Mrs. MADHUVANTI KANORIANon-Executive - Non Independent Director
Mr. SAUMYA VARDHAN KANORIAExecutive Director
Mr. N K NolkhaGroup Chief Financial Officer
Mr. HEMANT KUMAR KHAITANNon-Executive - Non Independent Director
Mr. SIDHARTH KUMAR BIRLANon-Executive - Independent Director
Mrs. SUHANA MURSHEDNon-Executive - Independent Director
Mr. SUMANTA CHAUDHURINon-Executive - Independent Director
Mrs. MEETA MAKHANNon-Executive - Independent Director
Smt. Pratibha JaiswalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Kanoria Chemicals & Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

14

Dividend dividend24 Aug 2022 · ex-date₹1
Dividend dividend27 Aug 2019 · ex-date₹0.75
Dividend dividend5 Sept 2018 · ex-date₹1.5
Dividend dividend24 Aug 2017 · ex-date₹1.5
Dividend dividend24 Aug 2016 · ex-date₹1.5
Dividend dividend24 Aug 2015 · ex-date₹1.5
Dividend dividend19 Aug 2014 · ex-date₹1.5
Dividend dividend26 Jul 2013 · ex-date₹1.5
Dividend dividend23 Jul 2012 · ex-date₹1.5
Dividend dividend27 Jul 2011 · ex-date₹5
Dividend dividend13 Jul 2010 · ex-date₹1.5
Dividend dividend15 Jul 2009 · ex-date₹1.5
Dividend dividend8 Jul 2008 · ex-date₹1.5
Dividend dividend10 Jul 2007 · ex-date₹3

1

Board meeting to consider results11 Aug 2026

1

Bonus 1:231 Dec 2007 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

48 announcementsExport CSV

21 Sept 2026, 11:45 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

3 Sept 2026, 5:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

2 Sept 2026, 4:40 pmAGM/EGM

AGM Presentation

AGM PDF

2 Sept 2026, 4:08 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Aug 2026, 3:58 pmResult

Unaudited Financial Result For Quarter Ended 30Th June 2026

Financial Results PDF

11 Aug 2026, 2:31 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting

Outcome of Board Meeting PDF

7 Aug 2026, 5:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

9 Jul 2026, 11:35 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
21 Sept 2026, 11:45 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
3 Sept 2026, 5:30 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	32.2%	33.7%	30.5%	29.3%	32.6%	30.7%	27.9%
EBITDA margin %	2.8%	8.6%	5%	4.6%	3.6%	2%	7.3%
EBIT margin %	-2.8%	3.3%	0.8%	0.9%	-0.7%	-2%	3.7%
PAT margin %	-3.1%	1.5%	0.2%	-0.8%	-3.7%	-7%	11.5%
Working capital
Receivable days	—	68	46	45	46	56	50
Inventory days	—	84	97	91	104	84	55
Payable days	—	77	80	75	82	78	70
NWC days	—	75	63	61	68	63	34
Leverage
Current ratio	—	1.22	1.24	1.12	1.11	0.99	0.92
Debt to EBITDA	—	5.23	6.93	7.01	9.61	18.94	4.07
Debt to equity	—	0.83	0.79	0.84	0.84	1.14	0.51
Interest coverage	-0.2	1.5	1.5	0.7	0.2	-0.5	1.8
Asset turnover	—	0.8	0.98	1.07	0.99	1.03	0.88
Return ratios
Return on assets %	—	1.2%	0.2%	-0.9%	-3.7%	-7.2%	10.1%
Return on capital employed %	—	4.8%	4%	2.4%	1%	-2.3%	6.8%
Return on equity %	—	2.7%	0.4%	-2.1%	-9.2%	-20.8%	19.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	29	82	83	26	38	20	66
	-125	-12	-43	-25	-50	-65	-39
	82	-75	-53	-1	5	41	-25
Net cash flow	-15	-4	-13	-0	-8	-3	2
Free cash flow	-134	55	40	-32	-43	-80	-22
CFO / Operating profit %	—	88.1%	121.9%	35.6%	71.3%	64.7%	92.9%

Kanoria Chemicals & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

14

1

1

Announcements

14

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

ALCO CHEM · revenue

Kanoria Chemicals & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends14

Board meetings1

Bonus issues1

Announcements

Dividends14

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

ALCO CHEM · revenue

14

1

1

14

1

1