Kothari Petrochemicals Limited (KOTHARIPET.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+105.3%

₹238.76

vs ₹116.28 price

Levered DCF

₹392.16

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.72×	13.67×	11.79×	8.48×	15.38×	6.8×	3.44×	9.37×
P/B	1.5×	2.94×	3.05×	1.73×	3.25×	1.25×	0.63×	1.34×
P/S	0.95×	1.56×	1.27×	0.69×	1.33×	0.68×	0.23×	0.38×
EV / EBITDA	5.13×	9.66×	7.2×	5.33×	9.83×	3.81×	2.2×	5.78×
Gross margin	24.0%	21.8%	29.5%	15.8%	16.1%	34.7%	34.4%	25.9%
Operating margin	15.0%	12.4%	14.5%	10.1%	11.5%	12.5%	8.1%	5.6%
Net margin	12.3%	11.4%	10.8%	8.2%	8.7%	10.0%	6.7%	4.1%
Current ratio	2.48×	2.33×	3.14×	2.85×	2.19×	1.93×	1.28×	0.91×
Debt / equity	0.01×	0.01×	0.01×	0.12×	0.08×	0.03×	0.08×	0.32×
Interest coverage	119.79×	65.11×	72.23×	18.94×	70.79×	31.77×	10.8×	5.42×
Dividend yield	1.1%	0.7%	1.2%	0.9%	0.0%	0.0%	5.6%	3.9%
Payout ratio	8.1%	8.9%	13.8%	7.5%	0.0%	0.0%	19.4%	36.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.5%	21.5%	25.9%	20.4%	21.1%	18.3%	18.3%	14.3%
Return on invested capital	17.1%	17.8%	21.8%	15.1%	17.5%	14.8%	14.2%	10.5%
Return on assets	16.4%	17.4%	20.0%	14.5%	14.7%	13.2%	12.6%	8.1%
Free cash flow yield	11.2%	-2.9%	7.4%	1.7%	-0.4%	16.8%	38.9%	15.8%
Earnings yield	13.0%	7.3%	8.5%	11.8%	6.5%	14.7%	29.1%	10.7%
Enterprise value	₹5.4B	₹8.9B	₹7.5B	₹3.4B	₹5.1B	₹1.4B	₹702.9M	₹1.4B
Net debt / EBITDA	-0.14×	-0.15×	-0.03×	0.17×	0.1×	-0.23×	0.23×	0.93×
Cash conversion cycle (days)	32	30	26	40	20	5	1	9