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Kothari Sugars And Chemicals Limited

ISIN : INE419A01022
NSE : KOTARISUG
Face Value : 10
Industry : Sugar

EPS : 3.56
EPS (TTM) : 1.34
Price to Earning (P/E) : 9.08
Book Value : 33.60
Price to Bookvalue (P/B) : 0.96
Dividend Yield : 2 %
Return on Equity (ROE) : 11.00 %
Return on Capital Employed (ROCE) : 14.13 %

Kothari Sugars share price (28-Mar-2025)
National Stock Exchange NSE
Open / Close	33.9 - 32.31 -4.7 %
Low / High	32.2 - 34.4 6.8 %
Trade Volume	1.51 Lk
52 Week Low / High	0 - 0 NAN %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	1510.17	1574.07	1168.07	1282.82	2074.75	1629.64	1131.78	1323.1	942.77	896.22
Total Income	1524.5	1576.84	1186.57	1295.37	2126.23	1654.91	1167.84	1363.33	995.15	935.86
Total Expenditure	1249.38	1197.73	1144.91	1364.31	1786.49	1331.95	1014.72	1325.83	911.66	885.47
Other Income	14.33	2.77	18.49	12.56	51.48	25.27	36.06	40.22	52.39	39.64
Operating Profit	275.12	379.11	41.66	-68.94	339.74	322.96	153.12	37.5	83.49	50.39
Interest	4.85	15.63	13.05	6.87	3.38	14.56	10.56	2.26	7.87	22
Exceptional Items	-43.21		23.29	8.31	4.61
PBDT	227.06	363.48	51.9	-67.5	340.97	308.4	142.56	35.24	75.62	28.39
Depreciation	36.01	35.15	34.74	34.97	35.51	33.41	36.26	35.35	37.66	36.57
Profit Before Tax	191.05	328.33	17.16	-102.47	305.46	274.99	106.3	-0.11	37.96	-8.18
Tax	26.72	99.65	-9.54	-29.23	68.36	95.99	54.5	-7.69	-18.58	-2.86
Profit After Tax	164.33	228.68	26.7	-73.24	237.1	179	51.8	7.58	56.54	-5.32
Net Profit	164.33	228.68	26.7	-73.24	237.1	179	51.8	7.58	56.54	-5.32
Equity Capital	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.98	2.76	0.32	-0.88	2.86	2.16	0.62	0.09	0.68	-0.06
Diluted Eps After Extraordinary Items	1.98	2.76	0.33	-0.88	2.86	2.16	0.63	0.09	0.68	-0.06
Diluted Eps Before Extraordinary Items	1.98	2.76	0.33	-0.88	2.86	2.16	0.63	0.09	0.68	-0.06

STANDALONE QUARTERLY RESULT FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	1510.17	1574.07	1168.07	1282.82	2074.75	1629.64	1131.78	1323.1	942.77	896.22
Total Income	1524.5	1576.84	1186.57	1295.37	2126.23	1654.91	1167.84	1363.33	995.15	935.86
Total Expenditure	1249.38	1197.73	1144.91	1364.31	1786.49	1331.95	1014.72	1325.83	911.66	885.47
Other Income	14.33	2.77	18.49	12.56	51.48	25.27	36.06	40.22	52.39	39.64
Operating Profit	275.12	379.11	41.66	-68.94	339.74	322.96	153.12	37.5	83.49	50.39
Interest	4.85	15.63	13.05	6.87	3.38	14.56	10.56	2.26	7.87	22
Exceptional Items	-43.21		23.29	8.31	4.61
PBDT	227.06	363.48	51.9	-67.5	340.97	308.4	142.56	35.24	75.62	28.39
Depreciation	36.01	35.15	34.74	34.97	35.51	33.41	36.26	35.35	37.66	36.57
Profit Before Tax	191.05	328.33	17.16	-102.47	305.46	274.99	106.3	-0.11	37.96	-8.18
Tax	26.72	99.65	-9.54	-29.23	68.36	95.99	54.5	-7.69	-18.58	-2.86
Profit After Tax	164.33	228.68	26.7	-73.24	237.1	179	51.8	7.58	56.54	-5.32
Net Profit	164.33	228.68	26.7	-73.24	237.1	179	51.8	7.58	56.54	-5.32
Equity Capital	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89	828.89
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.98	2.76	0.32	-0.88	2.86	2.16	0.62	0.09	0.68	-0.06
Diluted Eps After Extraordinary Items	1.98	2.76	0.33	-0.88	2.86	2.16	0.63	0.09	0.68	-0.06
Diluted Eps Before Extraordinary Items	1.98	2.76	0.33	-0.88	2.86	2.16	0.63	0.09	0.68	-0.06

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	4234.86	6099.72	5027.29
Total Income	4302.8	6185.01	5181.23
Total Expenditure	3738.23	5493.44	4584.15
Other Income	67.94	85.3	153.95
Operating Profit	564.57	691.57	597.08
Interest	40.98	38.93	35.26
Exceptional Items	10.99	36.21
PBDT	534.58	688.85	561.82
Depreciation	140.97	140.37	142.68
Profit Before Tax	393.61	548.48	419.14
Tax	53.29	129.24	124.22
Profit After Tax	340.32	419.24	294.92
Net Profit	340.32	419.24	294.92
Equity Capital	828.89	828.89	828.89
Face Value (IN RS)	10	10	10
Reserves	1371.2	1746.72
Calculated EPS	4.11	5.06	3.56
Diluted Eps After Extraordinary Items	4.11	5.06	3.56
Diluted Eps Before Extraordinary Items	4.11	5.06	3.56

STANDALONE ANNUAL RESULT FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	4234.86	6099.72	5027.29
Total Income	4302.8	6185.01	5181.23
Total Expenditure	3738.23	5493.44	4584.15
Other Income	67.94	85.3	153.95
Operating Profit	564.57	691.57	597.08
Interest	40.98	38.93	35.26
Exceptional Items	10.99	36.21
PBDT	534.58	688.85	561.82
Depreciation	140.97	140.37	142.68
Profit Before Tax	393.61	548.48	419.14
Tax	53.29	129.24	124.22
Profit After Tax	340.32	419.24	294.92
Net Profit	340.32	419.24	294.92
Equity Capital	828.89	828.89	828.89
Face Value (IN RS)	10	10	10
Reserves	1371.2	1746.72
Calculated EPS	4.11	5.06	3.56
Diluted Eps After Extraordinary Items	4.11	5.06	3.56
Diluted Eps Before Extraordinary Items	4.11	5.06	3.56

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	420 Cr	423.49 Cr	610.58 Cr	503.26 Cr
Sales	416.36 Cr	419.41 Cr	605.7 Cr	502.71 Cr
Processing Charges / Service Income	3.19 Cr	3.51 Cr	4.12 Cr	0
Net Sales	420 Cr	423.49 Cr	609.97 Cr	502.73 Cr
Increase/Decrease in Stock	39.04 Cr	-40.28 Cr	-6.5 Cr	-32.72 Cr
Raw Material Consumed	269.68 Cr	320.53 Cr	429.16 Cr	371.22 Cr
Opening Raw Materials	2.47 Cr	2.28 Cr	3.81 Cr	4.22 Cr
Purchases Raw Materials	269.48 Cr	322.06 Cr	429.57 Cr	370.11 Cr
Closing Raw Materials	2.28 Cr	3.81 Cr	4.22 Cr	3.11 Cr
Power & Fuel Cost	6.06 Cr	6.61 Cr	7.01 Cr	9.03 Cr
Electricity & Power	6.06 Cr	6.61 Cr	7.01 Cr	9.03 Cr
Employee Cost	25.46 Cr	25.64 Cr	29.4 Cr	28.65 Cr
Salaries, Wages & Bonus	19.84 Cr	21.99 Cr	24.88 Cr	23.69 Cr
Contributions to EPF & Pension Funds	4.36 Cr	2.45 Cr	2.51 Cr	2.62 Cr
Workmen and Staff Welfare Expenses	1.26 Cr	1.2 Cr	2.01 Cr	2.34 Cr
Other Manufacturing Expenses	27.14 Cr	30.68 Cr	39.38 Cr	35.74 Cr
Repairs and Maintenance	11.21 Cr	12.53 Cr	14.68 Cr	13.72 Cr
Packing Material Consumed	2.95 Cr	4.2 Cr	4.8 Cr	3.42 Cr
General and Administration Expenses	11.36 Cr	14.47 Cr	25.97 Cr	27.45 Cr
Rent , Rates & Taxes	2.18 Cr	3.25 Cr	3.29 Cr	2.9 Cr
Insurance	1.21 Cr	1.36 Cr	1.58 Cr	1.7 Cr
Professional and legal fees	1.33 Cr	2.06 Cr	3.02 Cr	5.27 Cr
Traveling and conveyance	31.36 Lk	1.25 Cr	5.41 Cr	3.33 Cr
Selling and Distribution Expenses	8.12 Cr	15.23 Cr	22.59 Cr	18.29 Cr
Sales Commissions & Incentives	51.77 Lk	0	0	0
Freight and Forwarding	7.6 Cr	15.23 Cr	22.59 Cr	18.29 Cr
Miscellaneous Expenses	50.88 Lk	93.62 Lk	2.33 Cr	76.22 Lk
Bad debts /advances written off	0	43.86 Lk	0	0
Total Expenditure	387.36 Cr	373.82 Cr	549.34 Cr	458.42 Cr
Other Income	4.72 Cr	6.79 Cr	8.53 Cr	15.39 Cr
Interest Received	40 Lk	1.22 Cr	1.35 Cr	5.29 Cr
Dividend Received	0	87,000	5.49 Lk	5.54 Lk
Profit on sale of Fixed Assets	3.09 Cr	73,000	2.95 Lk	4,000
Profits on sale of Investments	0	38.09 Lk	4.56 Cr	1.64 Cr
Provision Written Back	58.58 Lk	22.3 Lk	2.04 Cr	3.59 Cr
Operating Profit	37.37 Cr	56.46 Cr	69.16 Cr	59.71 Cr
Interest	5.1 Cr	4.1 Cr	3.89 Cr	3.53 Cr
Interest on Term Loan	4.7 Cr	3.67 Cr	3.6 Cr	3.24 Cr
Bank Charges etc	39.46 Lk	36.62 Lk	20.53 Lk	28.1 Lk
PBDT	32.27 Cr	52.36 Cr	65.26 Cr	56.18 Cr
Depreciation	13.79 Cr	14.1 Cr	14.04 Cr	14.27 Cr
Profit Before Taxation & Exceptional Items	18.47 Cr	38.26 Cr	51.23 Cr	41.91 Cr
Exceptional Income / Expenses	4.97 Cr	1.1 Cr	3.62 Cr	0
Profit Before Tax	23.45 Cr	39.36 Cr	54.85 Cr	41.91 Cr
Provision for Tax	4.43 Cr	5.33 Cr	12.92 Cr	12.42 Cr
Current Income Tax	4.61 Cr	7.29 Cr	9.58 Cr	7.22 Cr
Deferred Tax	-18.09 Lk	-1.96 Cr	3.34 Cr	5.2 Cr
Profit After Tax	19.02 Cr	34.03 Cr	41.92 Cr	29.49 Cr
Extra items	74.72 Lk	-27.35 Lk	0	0
Other Consolidated Items	0	0	-22.72 Lk	0
Consolidated Net Profit	19.77 Cr	33.76 Cr	41.7 Cr	29.49 Cr
Profit Balance B/F	50.31 Cr	70.08 Cr	103.83 Cr	141.38 Cr
Appropriations	70.08 Cr	103.83 Cr	145.53 Cr	170.88 Cr
Other Appropriation	0	0	0	8.57 Cr
Equity Dividend %	0	0	10	5
Earnings Per Share	2.29	4.11	5.06	3.56
Adjusted EPS	2.29	4.11	5.06	3.56

STANDALONE PROFIT / LOSS FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	420 Cr	423.49 Cr	610.58 Cr	503.26 Cr
Sales	416.36 Cr	419.41 Cr	605.7 Cr	502.71 Cr
Processing Charges / Service Income	3.19 Cr	3.51 Cr	4.12 Cr	0
Net Sales	420 Cr	423.49 Cr	609.97 Cr	502.73 Cr
Increase/Decrease in Stock	39.04 Cr	-40.28 Cr	-6.5 Cr	-32.72 Cr
Raw Material Consumed	269.68 Cr	320.53 Cr	429.16 Cr	371.22 Cr
Opening Raw Materials	2.47 Cr	2.28 Cr	3.81 Cr	4.22 Cr
Purchases Raw Materials	269.48 Cr	322.06 Cr	429.57 Cr	370.11 Cr
Closing Raw Materials	2.28 Cr	3.81 Cr	4.22 Cr	3.11 Cr
Power & Fuel Cost	6.06 Cr	6.61 Cr	7.01 Cr	9.03 Cr
Electricity & Power	6.06 Cr	6.61 Cr	7.01 Cr	9.03 Cr
Employee Cost	25.46 Cr	25.64 Cr	29.4 Cr	28.65 Cr
Salaries, Wages & Bonus	19.84 Cr	21.99 Cr	24.88 Cr	23.69 Cr
Contributions to EPF & Pension Funds	4.36 Cr	2.45 Cr	2.51 Cr	2.62 Cr
Workmen and Staff Welfare Expenses	1.26 Cr	1.2 Cr	2.01 Cr	2.34 Cr
Other Manufacturing Expenses	27.14 Cr	30.68 Cr	39.38 Cr	35.74 Cr
Repairs and Maintenance	11.21 Cr	12.53 Cr	14.68 Cr	13.72 Cr
Packing Material Consumed	2.95 Cr	4.2 Cr	4.8 Cr	3.42 Cr
General and Administration Expenses	11.36 Cr	14.47 Cr	25.97 Cr	27.45 Cr
Rent , Rates & Taxes	2.18 Cr	3.25 Cr	3.29 Cr	2.9 Cr
Insurance	1.21 Cr	1.36 Cr	1.58 Cr	1.7 Cr
Professional and legal fees	1.33 Cr	2.06 Cr	3.02 Cr	5.27 Cr
Traveling and conveyance	31.36 Lk	1.25 Cr	5.41 Cr	3.33 Cr
Selling and Distribution Expenses	8.12 Cr	15.23 Cr	22.59 Cr	18.29 Cr
Sales Commissions & Incentives	51.77 Lk	0	0	0
Freight and Forwarding	7.6 Cr	15.23 Cr	22.59 Cr	18.29 Cr
Miscellaneous Expenses	50.88 Lk	93.62 Lk	2.33 Cr	76.22 Lk
Bad debts /advances written off	0	43.86 Lk	0	0
Total Expenditure	387.36 Cr	373.82 Cr	549.34 Cr	458.42 Cr
Other Income	4.72 Cr	6.79 Cr	8.53 Cr	15.39 Cr
Interest Received	40 Lk	1.22 Cr	1.35 Cr	5.29 Cr
Dividend Received	0	87,000	5.49 Lk	5.54 Lk
Profit on sale of Fixed Assets	3.09 Cr	73,000	2.95 Lk	4,000
Profits on sale of Investments	0	38.09 Lk	4.56 Cr	1.64 Cr
Provision Written Back	58.58 Lk	22.3 Lk	2.04 Cr	3.59 Cr
Operating Profit	37.37 Cr	56.46 Cr	69.16 Cr	59.71 Cr
Interest	5.1 Cr	4.1 Cr	3.89 Cr	3.53 Cr
Interest on Term Loan	4.7 Cr	3.67 Cr	3.6 Cr	3.24 Cr
Bank Charges etc	39.46 Lk	36.62 Lk	20.53 Lk	28.1 Lk
PBDT	32.27 Cr	52.36 Cr	65.26 Cr	56.18 Cr
Depreciation	13.79 Cr	14.1 Cr	14.04 Cr	14.27 Cr
Profit Before Taxation & Exceptional Items	18.47 Cr	38.26 Cr	51.23 Cr	41.91 Cr
Exceptional Income / Expenses	4.97 Cr	1.1 Cr	3.62 Cr	0
Profit Before Tax	23.45 Cr	39.36 Cr	54.85 Cr	41.91 Cr
Provision for Tax	4.43 Cr	5.33 Cr	12.92 Cr	12.42 Cr
Current Income Tax	4.61 Cr	7.29 Cr	9.58 Cr	7.22 Cr
Deferred Tax	-18.09 Lk	-1.96 Cr	3.34 Cr	5.2 Cr
Profit After Tax	19.02 Cr	34.03 Cr	41.92 Cr	29.49 Cr
Extra items	74.72 Lk	-27.35 Lk	0	0
Other Consolidated Items	0	0	-22.72 Lk	0
Consolidated Net Profit	19.77 Cr	33.76 Cr	41.7 Cr	29.49 Cr
Profit Balance B/F	50.31 Cr	70.08 Cr	103.83 Cr	141.38 Cr
Appropriations	70.08 Cr	103.83 Cr	145.53 Cr	170.88 Cr
Other Appropriation	0	0	0	8.57 Cr
Equity Dividend %	0	0	10	5
Earnings Per Share	2.29	4.11	5.06	3.56
Adjusted EPS	2.29	4.11	5.06	3.56

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	23.45 Cr	39.36 Cr	54.85 Cr	41.91 Cr
Adjustment	14.61 Cr	14.16 Cr	11.4 Cr	2.72 Cr
Changes In working Capital	47.75 Cr	-49.41 Cr	-12.96 Cr	-21.83 Cr
Cash Flow after changes in Working Capital	85.81 Cr	4.11 Cr	53.29 Cr	22.8 Cr
Cash Flow from Operating Activities	81.67 Cr	-2.68 Cr	45.12 Cr	15.58 Cr
Cash Flow from Investing Activities	-28.98 Cr	-13.45 Cr	-18.7 Cr	-35.57 Cr
Cash Flow from Financing Activitie	-1.18 Cr	-11.28 Cr	-15.14 Cr	-12.36 Cr
Net Cash Inflow / Outflow	51.5 Cr	-27.41 Cr	11.28 Cr	-32.35 Cr
Opening Cash & Cash Equivalents	-72.36 Cr	-20.86 Cr	-48.27 Cr	-37 Cr
Closing Cash & Cash Equivalent	-20.86 Cr	-48.27 Cr	-37 Cr	-69.35 Cr

STANDALONE CASH FLOW FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	23.45 Cr	39.36 Cr	54.85 Cr	41.91 Cr
Adjustment	14.61 Cr	14.16 Cr	11.4 Cr	2.72 Cr
Changes In working Capital	47.75 Cr	-49.41 Cr	-12.96 Cr	-21.83 Cr
Cash Flow after changes in Working Capital	85.81 Cr	4.11 Cr	53.29 Cr	22.8 Cr
Cash Flow from Operating Activities	81.67 Cr	-2.68 Cr	45.12 Cr	15.58 Cr
Cash Flow from Investing Activities	-28.98 Cr	-13.45 Cr	-18.7 Cr	-35.57 Cr
Cash Flow from Financing Activitie	-1.18 Cr	-11.28 Cr	-15.14 Cr	-12.36 Cr
Net Cash Inflow / Outflow	51.5 Cr	-27.41 Cr	11.28 Cr	-32.35 Cr
Opening Cash & Cash Equivalents	-72.36 Cr	-20.86 Cr	-48.27 Cr	-37 Cr
Closing Cash & Cash Equivalent	-20.86 Cr	-48.27 Cr	-37 Cr	-69.35 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Equity - Authorised	130 Cr	130 Cr	130 Cr	130 Cr
Equity - Issued	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Equity Paid Up	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Face Value	10	10	10	10
Total Reserves	103.36 Cr	137.12 Cr	174.67 Cr	195.6 Cr
Profit & Loss Account Balance	70.08 Cr	103.83 Cr	141.38 Cr	162.31 Cr
General Reserves	11.79 Cr	11.79 Cr	19.29 Cr	19.29 Cr
Reserve excluding Revaluation Reserve	103.36 Cr	137.12 Cr	174.67 Cr	195.6 Cr
Shareholder's Funds	186.25 Cr	220.01 Cr	257.56 Cr	278.48 Cr
Term Loans - Banks	0	0	45.13 Lk	0
Unsecured Loans	7.45 Cr	45.13 Lk	0	0
Loans - Banks	14.45 Cr	7.45 Cr	0	0
Loans - Govt.	30.37 Lk	0	0	0
Deferred Tax Assets / Liabilities	29.22 Cr	27.26 Cr	30.72 Cr	35.77 Cr
Deferred Tax Assets	30.67 Lk	33.46 Lk	11.54 Cr	2.63 Cr
Deferred Tax Liability	29.53 Cr	27.59 Cr	42.26 Cr	38.4 Cr
Other Long Term Liabilities	0	89.6 Lk	81.86 Lk	74.39 Lk
Total Non-Current Liabilities	36.67 Cr	28.61 Cr	31.54 Cr	36.51 Cr
Trade Payables	81.41 Cr	77.3 Cr	85.43 Cr	87.03 Cr
Sundry Creditors	81.41 Cr	77.3 Cr	85.43 Cr	87.03 Cr
Other Current Liabilities	12.24 Cr	14.96 Cr	10.93 Cr	6.81 Cr
Advances received from customers	20.14 Lk	1.06 Cr	2.26 Cr	7.72 Lk
Interest Accrued But Not Due	10.65 Lk	5.06 Lk	37,000	3.59 Lk
Short Term Borrowings	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Secured ST Loans repayable on Demands	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Working Capital Loans- Sec	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Short Term Provisions	2.48 Cr	4.91 Cr	9.21 Cr	4.34 Cr
Provision for Tax	0	44.76 Lk	1.39 Cr	0
Total Current Liabilities	117.27 Cr	145.69 Cr	142.73 Cr	167.58 Cr
Total Liabilities	340.19 Cr	394.3 Cr	431.83 Cr	482.58 Cr
Gross Block	228.12 Cr	232.56 Cr	245.92 Cr	271.72 Cr
Less: Accumulated Depreciation	66.99 Cr	80.92 Cr	94.77 Cr	108.92 Cr
Net Block	161.12 Cr	151.65 Cr	151.14 Cr	162.8 Cr
Capital Work in Progress	3.6 Lk	50.75 Lk	8.8 Cr	26.76 Lk
Non Current Investments	1.1 Cr	1.08 Cr	0	13.13 Cr
Long Term Investment	1.1 Cr	1.08 Cr	0	13.13 Cr
Unquoted	1.1 Cr	1.08 Cr	0	13.13 Cr
Long Term Loans & Advances	1.31 Cr	1.08 Cr	16.5 Cr	10.3 Cr
Other Non Current Assets	0	5 Cr	0	0
Total Non-Current Assets	163.56 Cr	159.31 Cr	177.49 Cr	187.53 Cr
Currents Investments	58.31 Cr	71.47 Cr	72.01 Cr	86.91 Cr
Quoted	58.26 Cr	71.42 Cr	61.7 Cr	81.46 Cr
Unquoted	1.1 Cr	1.08 Cr	0	13.13 Cr
Inventories	85.47 Cr	127.9 Cr	135.6 Cr	167.73 Cr
Raw Materials	2.28 Cr	3.81 Cr	4.22 Cr	3.11 Cr
Work-in Progress	3.64 Cr	4.7 Cr	5.55 Cr	4.67 Cr
Finished Goods	74.04 Cr	113.26 Cr	118.92 Cr	152.52 Cr
Stores and Spare	5.51 Cr	6.12 Cr	6.91 Cr	7.43 Cr
Sundry Debtors	21.09 Cr	24.83 Cr	28.24 Cr	21.84 Cr
Debtors more than Six months	9.09 Cr	12.41 Cr	4.31 Lk	4.31 Lk
Debtors Others	11.99 Cr	12.42 Cr	28.19 Cr	21.79 Cr
Cash and Bank	41.23 Lk	34.03 Lk	26.39 Lk	18.24 Lk
Cash in hand	1.12 Lk	1.9 Lk	1.32 Lk	1.72 Lk
Balances at Bank	40.11 Lk	32.13 Lk	25.07 Lk	16.52 Lk
Other Current Assets	52.43 Lk	0	0	66.43 Lk
Interest accrued and or due on loans	52.43 Lk	0	0	66.43 Lk
Short Term Loans and Advances	10.82 Cr	10.45 Cr	18.23 Cr	17.73 Cr
Advances recoverable in cash or in kind	6.67 Cr	8.32 Cr	8.3 Cr	7.23 Cr
Advance income tax and TDS	1.38 Cr	0	0	20 Lk
Total Current Assets	176.62 Cr	234.99 Cr	254.34 Cr	295.05 Cr
Net Current Assets (Including Current Investments)	59.36 Cr	89.3 Cr	111.61 Cr	127.47 Cr
Total Assets	340.19 Cr	394.3 Cr	431.83 Cr	482.58 Cr
Contingent Liabilities	0	0	0	20.79 Cr
Total Debt	35.89 Cr	55.97 Cr	37.62 Cr	69.42 Cr
Book Value	22.47	0	31.07	33.6
Adjusted Book Value	22.47	26.54	31.07	33.6

STANDALONE BALANCE SHEET FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Equity - Authorised	130 Cr	130 Cr	130 Cr	130 Cr
Equity - Issued	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Equity Paid Up	82.89 Cr	82.89 Cr	82.89 Cr	82.89 Cr
Face Value	10	10	10	10
Total Reserves	103.36 Cr	137.12 Cr	174.67 Cr	195.6 Cr
Profit & Loss Account Balance	70.08 Cr	103.83 Cr	141.38 Cr	162.31 Cr
General Reserves	11.79 Cr	11.79 Cr	19.29 Cr	19.29 Cr
Reserve excluding Revaluation Reserve	103.36 Cr	137.12 Cr	174.67 Cr	195.6 Cr
Shareholder's Funds	186.25 Cr	220.01 Cr	257.56 Cr	278.48 Cr
Term Loans - Banks	0	0	45.13 Lk	0
Unsecured Loans	7.45 Cr	45.13 Lk	0	0
Loans - Banks	14.45 Cr	7.45 Cr	0	0
Loans - Govt.	30.37 Lk	0	0	0
Deferred Tax Assets / Liabilities	29.22 Cr	27.26 Cr	30.72 Cr	35.77 Cr
Deferred Tax Assets	30.67 Lk	33.46 Lk	11.54 Cr	2.63 Cr
Deferred Tax Liability	29.53 Cr	27.59 Cr	42.26 Cr	38.4 Cr
Other Long Term Liabilities	0	89.6 Lk	81.86 Lk	74.39 Lk
Total Non-Current Liabilities	36.67 Cr	28.61 Cr	31.54 Cr	36.51 Cr
Trade Payables	81.41 Cr	77.3 Cr	85.43 Cr	87.03 Cr
Sundry Creditors	81.41 Cr	77.3 Cr	85.43 Cr	87.03 Cr
Other Current Liabilities	12.24 Cr	14.96 Cr	10.93 Cr	6.81 Cr
Advances received from customers	20.14 Lk	1.06 Cr	2.26 Cr	7.72 Lk
Interest Accrued But Not Due	10.65 Lk	5.06 Lk	37,000	3.59 Lk
Short Term Borrowings	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Secured ST Loans repayable on Demands	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Working Capital Loans- Sec	21.13 Cr	48.52 Cr	37.17 Cr	69.42 Cr
Short Term Provisions	2.48 Cr	4.91 Cr	9.21 Cr	4.34 Cr
Provision for Tax	0	44.76 Lk	1.39 Cr	0
Total Current Liabilities	117.27 Cr	145.69 Cr	142.73 Cr	167.58 Cr
Total Liabilities	340.19 Cr	394.3 Cr	431.83 Cr	482.58 Cr
Gross Block	228.12 Cr	232.56 Cr	245.92 Cr	271.72 Cr
Less: Accumulated Depreciation	66.99 Cr	80.92 Cr	94.77 Cr	108.92 Cr
Net Block	161.12 Cr	151.65 Cr	151.14 Cr	162.8 Cr
Capital Work in Progress	3.6 Lk	50.75 Lk	8.8 Cr	26.76 Lk
Non Current Investments	1.1 Cr	1.08 Cr	0	13.13 Cr
Long Term Investment	1.1 Cr	1.08 Cr	0	13.13 Cr
Unquoted	1.1 Cr	1.08 Cr	0	13.13 Cr
Long Term Loans & Advances	1.31 Cr	1.08 Cr	16.5 Cr	10.3 Cr
Other Non Current Assets	0	5 Cr	0	0
Total Non-Current Assets	163.56 Cr	159.31 Cr	177.49 Cr	187.53 Cr
Currents Investments	58.31 Cr	71.47 Cr	72.01 Cr	86.91 Cr
Quoted	58.26 Cr	71.42 Cr	61.7 Cr	81.46 Cr
Unquoted	1.1 Cr	1.08 Cr	0	13.13 Cr
Inventories	85.47 Cr	127.9 Cr	135.6 Cr	167.73 Cr
Raw Materials	2.28 Cr	3.81 Cr	4.22 Cr	3.11 Cr
Work-in Progress	3.64 Cr	4.7 Cr	5.55 Cr	4.67 Cr
Finished Goods	74.04 Cr	113.26 Cr	118.92 Cr	152.52 Cr
Stores and Spare	5.51 Cr	6.12 Cr	6.91 Cr	7.43 Cr
Sundry Debtors	21.09 Cr	24.83 Cr	28.24 Cr	21.84 Cr
Debtors more than Six months	9.09 Cr	12.41 Cr	4.31 Lk	4.31 Lk
Debtors Others	11.99 Cr	12.42 Cr	28.19 Cr	21.79 Cr
Cash and Bank	41.23 Lk	34.03 Lk	26.39 Lk	18.24 Lk
Cash in hand	1.12 Lk	1.9 Lk	1.32 Lk	1.72 Lk
Balances at Bank	40.11 Lk	32.13 Lk	25.07 Lk	16.52 Lk
Other Current Assets	52.43 Lk	0	0	66.43 Lk
Interest accrued and or due on loans	52.43 Lk	0	0	66.43 Lk
Short Term Loans and Advances	10.82 Cr	10.45 Cr	18.23 Cr	17.73 Cr
Advances recoverable in cash or in kind	6.67 Cr	8.32 Cr	8.3 Cr	7.23 Cr
Advance income tax and TDS	1.38 Cr	0	0	20 Lk
Total Current Assets	176.62 Cr	234.99 Cr	254.34 Cr	295.05 Cr
Net Current Assets (Including Current Investments)	59.36 Cr	89.3 Cr	111.61 Cr	127.47 Cr
Total Assets	340.19 Cr	394.3 Cr	431.83 Cr	482.58 Cr
Contingent Liabilities	0	0	0	20.79 Cr
Total Debt	35.89 Cr	55.97 Cr	37.62 Cr	69.42 Cr
Book Value	22.47	0	31.07	33.6
Adjusted Book Value	22.47	26.54	31.07	33.6

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	2.29	4.11	5.06	3.56
CEPS(Rs)	3.96	5.81	6.75	5.28
DPS(Rs)	0	0	1	0.5
Book NAV/Share(Rs)	22.47	26.54	31.07	33.6
Tax Rate(%)	18.88	13.54	23.56	29.64
Margin Ratios
Core EBITDA Margin(%)	7.77	11.73	9.93	8.81
EBIT Margin(%)	6.8	10.26	9.62	9.03
Pre Tax Margin(%)	5.58	9.29	8.98	8.33
PAT Margin (%)	4.53	8.04	6.87	5.86
Cash Profit Margin (%)	7.81	11.37	9.17	8.7
Performance Ratios
ROA(%)	5.33	9.27	10.15	6.45
ROE(%)	10.78	16.75	17.56	11
ROCE(%)	12.09	17.45	20.57	14.13
Asset Turnover(x)	1.18	1.15	1.48	1.1
Sales/Fixed Asset(x)	1.86	1.84	2.55	1.94
Working Capital/Sales(x)	7.08	4.74	5.47	3.95
Efficiency Ratios
Fixed Capital/Sales(x)	0.54	0.54	0.39	0.51
Receivable days	21.04	19.79	15.86	18.16
Inventory Days	91.09	91.95	78.76	110
Payable days	82.66	103.35	70.26	92.98
Valuation Parameters
PER(x)	11.96	8.66	6.9	14.46
PCE(x)	6.93	6.12	5.17	9.75
Price/Book(x)	1.22	1.34	1.12	1.53
Yield(%)	0	0	2.87	0.97
EV/Net Sales(x)	0.63	0.83	0.54	0.99
EV/Core EBITDA(x)	7.04	6.2	4.72	8.3
EV/EBIT(x)	9.21	8.06	5.56	10.91
EV/CE(x)	0.77	0.89	0.76	1.42
M Cap / Sales	0.54	0.7	0.47	0.85
Growth Ratio
Net Sales Growth(%)	19.05	0.95	44.04	-17.58
Core EBITDA Growth(%)	14.4	51.09	22.49	-13.66
EBIT Growth(%)	9.64	52.25	35.16	-22.64
PAT Growth(%)	-2.05	78.94	23.19	-29.65
EPS Growth(%)	-2.05	78.94	23.19	-29.65
Financial Stability Ratios
Total Debt/Equity(x)	0.19	0.25	0.15	0.25
Current Ratio(x)	1.51	1.61	1.78	1.76
Quick Ratio(x)	0.78	0.74	0.83	0.76
Interest Cover(x)	5.6	10.61	15.09	12.89
Total Debt/Mcap(x)	0.16	0.19	0.13	0.16

FINANCIAL RATIOS (STANDALONE) FOR KOTHARI SUGARS AND CHEMICALS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	2.29	4.11	5.06	3.56
CEPS(Rs)	3.96	5.81	6.75	5.28
DPS(Rs)	0	0	1	0.5
Book NAV/Share(Rs)	22.47	26.54	31.07	33.6
Tax Rate(%)	18.88	13.54	23.56	29.64
Margin Ratios
Core EBITDA Margin(%)	7.77	11.73	9.93	8.81
EBIT Margin(%)	6.8	10.26	9.62	9.03
Pre Tax Margin(%)	5.58	9.29	8.98	8.33
PAT Margin (%)	4.53	8.04	6.87	5.86
Cash Profit Margin (%)	7.81	11.37	9.17	8.7
Performance Ratios
ROA(%)	5.33	9.27	10.15	6.45
ROE(%)	10.78	16.75	17.56	11
ROCE(%)	12.09	17.45	20.57	14.13
Asset Turnover(x)	1.18	1.15	1.48	1.1
Sales/Fixed Asset(x)	1.86	1.84	2.55	1.94
Working Capital/Sales(x)	7.08	4.74	5.47	3.95
Efficiency Ratios
Fixed Capital/Sales(x)	0.54	0.54	0.39	0.51
Receivable days	21.04	19.79	15.86	18.16
Inventory Days	91.09	91.95	78.76	110
Payable days	82.66	103.35	70.26	92.98
Valuation Parameters
PER(x)	11.96	8.66	6.9	14.46
PCE(x)	6.93	6.12	5.17	9.75
Price/Book(x)	1.22	1.34	1.12	1.53
Yield(%)	0	0	2.87	0.97
EV/Net Sales(x)	0.63	0.83	0.54	0.99
EV/Core EBITDA(x)	7.04	6.2	4.72	8.3
EV/EBIT(x)	9.21	8.06	5.56	10.91
EV/CE(x)	0.77	0.89	0.76	1.42
M Cap / Sales	0.54	0.7	0.47	0.85
Growth Ratio
Net Sales Growth(%)	19.05	0.95	44.04	-17.58
Core EBITDA Growth(%)	14.4	51.09	22.49	-13.66
EBIT Growth(%)	9.64	52.25	35.16	-22.64
PAT Growth(%)	-2.05	78.94	23.19	-29.65
EPS Growth(%)	-2.05	78.94	23.19	-29.65
Financial Stability Ratios
Total Debt/Equity(x)	0.19	0.25	0.15	0.25
Current Ratio(x)	1.51	1.61	1.78	1.76
Quick Ratio(x)	0.78	0.74	0.83	0.76
Interest Cover(x)	5.6	10.61	15.09	12.89
Total Debt/Mcap(x)	0.16	0.19	0.13	0.16

SHARE HOLDING PATTERN FOR KOTHARI SUGARS AND CHEMICALS LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	73.53	73.53	73.53	73.52	73.53	73.53	73.53	73.53	73.53	73.53
FII %	0.78	0.78	0.74	0.69	0.67	0.65	0.66	0.66	0.65	0.62
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	24.24	24.85	24.89	24.94	24.96	24.98	24.97	25.12	25.14	25.18

PEER COMPARISON FOR KOTHARI SUGARS AND CHEMICALS LIMITED

No.	Name
1	Bajaj Hindusthan Sugar Limited
2	Balrampur Chini Mills Limited
3	Bannari Amman Sugars Limited
4	Dalmia Bharat Sugar and Industries Limited
5	Dhampur Sugar Mills Limited
6	EID Parry India Limited
7	EMPEE SUGARS & CHEMICALS LTD
8	INDIAN SUCROSE LTD
9	Prudential Sugar Corporation Limited
10	Rajshree Sugars & Chemicals Limited
11	WILLARD INDIA LTD
12	RAVALGAON SUGAR FARM LTD
13	Sakthi Sugars Limited
14	Dharani Sugars & Chemicals Limited
15	Rana Sugars Limited
16	EASTERN SUGAR & INDUSTRIES LTD
17	DCM Shriram Industries Limited
18	Mawana Sugars Limited
19	The Ugar Sugar Works Limited
20	Triveni Engineering & Industries Limited
21	Ponni Sugars (Erode) Limited
22	Dwarikesh Sugar Industries Limited
23	Shree Renuka Sugars Limited
24	Uttam Sugar Mills Limited
25	KCP Sugar and Industries Corporation Limited
26	Khaitan (India) Limited
27	Kothari Sugars And Chemicals Limited
28	K.M.Sugar Mills Limited
29	Vishwaraj Sugar Industries Limited
30	Simbhaoli Sugars Limited
31	Avadh Sugar & Energy Limited
32	Magadh Sugar & Energy Limited

CORPORATE ACTIONS FOR KOTHARI SUGARS

Exchange Date	Purpose	Book Closure Dates
NSE 19-Jul-2024	ANNUAL GENERAL MEETING	20-Jul-2024 26-Jul-2024
NSE 20-Feb-2024	INTDIV - RE 0.50 PER SH
NSE 03-Aug-2023	AGM/DIV - RE 0.50 PER SH	04-Aug-2023 10-Aug-2023
NSE 16-Feb-2023	INTDIV - RE 0.50 PER SH
NSE 26-Jul-2022	ANNUAL GENERAL MEETING	28-Jul-2022 03-Aug-2022