KANORICHEMIndustrials

Kanoria Chemicals & Industries Limited

Industrial Products · ISIN INE138C01024 · BSE 506525 · NSE BE · FV ₹5
Last price
₹186
-0.66%today
What this company does

Kanoria Chemicals & Industries Limited operates in Industrial Products, part of the Industrials sector. It booked ₹460 cr of revenue in its latest quarter (Q1 FY27) and kept 5.9% of sales as profit.

In the report:
57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
74

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality32

Whether reported profit actually arrives as cash

Growth & consistency56

Whether sales and profit have grown, and how steadily

Valuation83

What today's price implies, against our models or its peers

Governance & risk57

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 74%
Strong 19% return on equity
Turns profit into real cash
Watch-outs
! Thin 5.9% net margin
! 29.6% of promoter stake pledged

What if I invest in KANORICHEM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹186 -0.66%
latest close · 2026-09-17
1-year return
+24.7%
52-wk low ₹9952-wk high ₹222
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio7.7Low
LowAverageHigh
P/B ratio1.42Moderate
Below bookModerateHigh
EV / EBITDA5.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.1%Strong
WeakFairStrong ▸15%
Return on capital21.1%Strong
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin11.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.51Moderate
LowModerateHigh ▸1
Interest cover5.8×Strong
RiskyOkayStrong ▸5×
Current ratio0.92Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹812 cr
Book value
₹131
EPS
₹6.03
latest quarter
Net debt
₹280 cr
owes more than its cash
Enterprise value
₹1,092 cr
EBITDA
₹207 cr
annualised
EBIT
₹170 cr
annualised
Operating margin
9.2%
Return on assets
9.8%
Earnings yield
12.99%
P/S
0.44
Sales / share
₹421.4
Tax rate
25.2%
Face value
₹5
Shares
4.4 cr
Working capital
₹-23 cr
Current assets
₹286 cr
Current liabilities
₹309 cr
Delivery %
63.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹55₹68, midpoint ₹62

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹460 cr
Other Income₹7 cr
Total Income₹467 cr
Cost of Materials₹235 cr
Purchases of Stock-in-Trade₹142 cr
Inventory Change (±)₹-18 cr
Employee Benefit Expense₹16 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹41 cr
Total Expenses₹432 cr
Profit before Tax₹35 cr
Tax Expense₹9 cr
Net Profit₹26 cr
Net margin on total income5.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹358 cr76.7%
Employee benefit expense₹16 cr3.4%
Finance costs₹7 cr1.6%
Depreciation & amortisation₹9 cr2.0%
Other expenses₹41 cr8.8%
Tax expense₹9 cr1.9%
Profit for the period₹26 cr5.6%
Total income ₹467 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue266 cr304 cr460 cr
Total income268 cr312 cr467 cr
Expenses262 cr295 cr432 cr
Profit before tax6 cr17 cr35 cr
Tax2 cr-15 cr9 cr
Net profit (owners' share)8 cr45 cr27 cr
Net margin (owners' share, on revenue)2.9%14.9%5.9%
EPS (₹)0.817.246.03
YoY (latest quarter): total income +2.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,117 cr
Shareholder equity
₹573 cr
parent shareholders
Total debt
₹290 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹3 cr
Investing
₹-56 cr
Financing
₹90 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 24 Aug 2022
ActionDetailEx-date
Dividend₹1 / share24 Aug 2022
Dividend₹0.75 / share27 Aug 2019
Dividend₹1.5 / share5 Sep 2018
Dividend₹1.5 / share24 Aug 2017
Dividend₹1.5 / share24 Aug 2016
Dividend₹1.5 / share24 Aug 2015
Who owns it · 2026-06-30
29.6% pledged
Promoter
74.4%
FII / Foreign
0.1%
DII / Domestic
0.1%
Retail / others
25.5%
Smart-money activity
Insider trades
SoldVARDHAN LIMITED · Promoters96.13 L · ₹128.6 cr31 May 21
BoughtVARDHAN LIMITED · Promoters57,000 · ₹51.0 L24 Jul 17
BoughtRAJYA VARDHAN KANORIA · Director26,49620 Dec 16
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE2.93 L @ ₹163.0516 Sep 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.93 L @ ₹162.7116 Sep 24
SoldMEGA RESOURCES LIMITED · NSE5.61 L @ ₹37.527 Feb 13
Stake changes
BoughtRajya Vardhan Kanoria · promoter→ 0.00%29 May 17
BoughtRajya Vardhan Kanoria · promoter→ 1.06%29 Apr 17
BoughtRajya Vardhan Kanoria · promoter→ 74.43%3 Mar 17
Promoter pledges
PledgedExport Import Bank of India96.13 L · 0.00% held31 May 21
PledgedExport Import Bank of India96.13 L · 0.00% held31 May 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Sep 2026
See the official result
1
Adoption of the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended 31st March 2026 and the Reports of the Board of Directors and Auditors thereon.
Backed by 98% of shareholders other than promotersneeded 50%
9,856 votes for, 251 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Shri Hemant Kumar Khaitan (DIN: 00220049), who retires by rotation and , being eligible, offers himself for re-appintment as a Director.
Backed by 93% of shareholders other than promotersneeded 50%
9,356 votes for, 751 against · 0% of mutual funds and other big investors said no
3
Re-Appointment of Smt. Suhana Murshed (DIN 08572394), as Independent Director of the Company for a term of 5 years w.e.f. June 29, 2026
Backed by 86% of shareholders other than promotersneeded 75%
8,689 votes for, 1,418 against · 100% of mutual funds and other big investors said no
4
Ratification of remuneration of the Cost Auditors for the financial year 2026 - 2027
Backed by 95% of shareholders other than promotersneeded 50%
9,603 votes for, 504 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 74.4% between them · as of 2026-06-30
VARDHAN LIMITED59.94%
R V INVESTMENT AND DEALERS LIMITED7.35%
KIRTIVARDHAN FINVEST SERVICES LIMITED2.64%
SAUMYA VARDHAN KANORIA1.27%
MADHUVANTI KANORIA1.14%
RAJYA VARDHAN KANORIA1.06%
ANAND VARDHAN KANORIA0.99%
ANUJA TANTIAno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹15 cr to companies in the promoter group last year — about 1.0% of its ₹1,537 cr revenue and received ₹42 cr back from them.
VARDHAN LTD.
Contribution received from them · Dividend Paid, Borrowings, Interest Expenses for the year
also owns 59.94% of the company
₹30 cr
company received
R V Investment & Dealers Limited
Contribution made to them · Dividend Paid
also owns 7.35% of the company
₹13 cr
company paid
R V Investment & Dealers Limited
Contribution received from them · Dividend Paid
also owns 7.35% of the company
₹13 cr
company received
VARDHAN LTD.
Other payments to them · Dividend Paid, Borrowings, Interest Expenses for the year
also owns 59.94% of the company
₹2 cr
company paid
R V Investment & Dealers Limited
Other payments to them · Dividend Paid
also owns 7.35% of the company
₹60.6 L
company paid

The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.