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Kothari Products Limited (KOTHARIPRO)

₹61.83 +1.05% last close, 16 Oct

📊 NSE: KOTHARIPRO 🏢 Trading & Distributors 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kothari Products' revenue was ₹270 Cr (+8.6% year on year, -14.8% on the previous quarter), and net profit ₹7.5 Cr (-64.7% year on year); the operating margin was -4.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹270	+8.6%	-14.8%
Operating profit	₹-12.9	to loss	loss narrowed
Net profit	₹7.5	-64.7%	from loss
EPS (₹)	1.26	-64.6%	from loss
Operating margin	-4.8%	—	—

Full quarterly financials → Results calendar →

KOTHARIPRO delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 77.65% of the KOTHARIPRO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.19%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.

77.65%Delivery, 16 Oct

73.19%Own 20-session average

0.5×Volume vs its average

₹61.83NSE close · +1.05%

Delivery in the last 5 sessions: 60.2% · 71.6% · 74.0% · 85.2% · 77.7%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Kothari Products Concludes 42nd AGM; E-Voting Results Awaited

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Sep 2026, 05:00 PM

Kothari Products Limited concluded its 42nd Annual General Meeting (AGM) held on September 30, 2026, via video conferencing. A total of 45 members attended the meeting, which ran from 11:30 AM to 12:02 PM. The ordinary business included the adoption of standalone and consolidated financial statements for FY26 and the reappointment of retiring director Smt. Poonam Acharya. Formal voting results and scrutinizer reports are pending dissemination to the exchanges.

Meeting conducted on September 30, 2026, with 45 members in attendance
Remote e-voting was active from September 27 to September 29, 2026
Post-meeting e-voting facility remained open for 15 minutes after the AGM concluded
Audited FY26 financial statements and director reappointment presented for shareholder approval

💡 Track the upcoming disclosure of the scrutinizer report and formal voting results under Regulation 44 to confirm the passage of ordinary business items.

Kothari Products Publishes Notice for Special Physical Share Demat Window Open Until Feb 4, 2027

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Sep 2026, 04:18 PM

Kothari Products Limited has submitted newspaper publications under Regulation 47 of SEBI LODR informing shareholders of a special window for the transfer and dematerialisation of physical securities. As per SEBI's circular dated January 30, 2026, the window is operational from February 5, 2026, to February 4, 2027. It allows investors whose transfer deeds were lodged prior to April 1, 2019 (and subsequently rejected or unprocessed) or who traded securities before that date to regularize their shares. The notice was published on September 12, 2026, across Hindustan and several editions of Business Standard.

Special window period runs from February 5, 2026, to February 4, 2027
Applies to securities bought/sold or transfer deeds lodged prior to April 1, 2019
Newspaper advertisements published on September 12, 2026, in Hindustan and Business Standard across 12 cities
SEBI regulatory guideline circular dated January 30, 2026

💡 Physical shareholders with pending or rejected pre-April 2019 transfer requests should contact the RTA (Alankit Assignments Ltd) before February 4, 2027; no operational impact for existing demat holders.

Kothari Products Publishes Notice for 42nd AGM Scheduled for September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 03:47 PM

Kothari Products Limited has published newspaper notices regarding its 42nd Annual General Meeting scheduled for September 30, 2026, via Video Conferencing. The cut-off date for e-voting eligibility is set for September 23, 2026. Remote e-voting commences on September 27, 2026 (09:00 AM) and closes on September 29, 2026 (05:00 PM). This is a statutory administrative disclosure with no direct impact on financial operations.

42nd Annual General Meeting scheduled for September 30, 2026, at 11:30 AM via VC/OAVM
Cut-off date to determine e-voting eligibility is September 23, 2026
Remote e-voting window runs from September 27, 2026 (09:00 AM) to September 29, 2026 (05:00 PM)
Voting results along with Scrutinizer's Report to be declared within 2 working days of the AGM

💡 Eligible shareholders holding shares as of September 23, 2026, can review the Annual Report for FY26 and cast votes during the remote e-voting window ending September 29, 2026.

Kothari Products Schedules 42nd AGM for September 30, 2026; Issues FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 03:25 PM

Kothari Products Limited has issued notice for its 42nd Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. The company also circulated its Annual Report for FY 2025-26 along with details on remote e-voting facilities. Key agenda items include the adoption of FY26 standalone and consolidated financial statements and the reappointment of retiring director Poonam Acharya. Consolidated balance sheet disclosures show total borrowings at ₹98.52 crore (₹9,852 lakh) and trade receivables at ₹448.39 crore (₹44,839 lakh) as of March 31, 2026.

42nd Annual General Meeting scheduled for Wednesday, September 30, 2026 at 11:30 AM IST
Company issued its full Annual Report and financial statements for FY 2025-26
Consolidated borrowings reported at ₹9,852 lakh (₹98.52 crore) as of March 31, 2026
Consolidated trade receivables stood at ₹44,839 lakh (₹448.39 crore) as of March 31, 2026
Director Poonam Acharya retires by rotation and seeks re-appointment at the AGM

💡 Shareholders can review the Annual Report disclosures, notes on trade receivables provisioning, and exercise remote e-voting ahead of the September 30, 2026 AGM.

Kothari Products Dispatches 42nd AGM Notice; Meeting Scheduled for September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 03:23 PM

Kothari Products Limited has issued the notice for its 42nd Annual General Meeting (AGM) to be held on September 30, 2026, via video conferencing, along with the Annual Report for FY 2025-26. The meeting will address routine agenda items, including the adoption of standalone and consolidated financial statements for FY26 and the reappointment of retiring director Poonam Acharya. Remote e-voting facility has been extended to eligible shareholders. As per the report, consolidated borrowings stood at ₹98.52 Cr as of March 31, 2026, down from ₹263.76 Cr in the previous year.

42nd Annual General Meeting convened for September 30, 2026 at 11:30 AM via VC/OAVM
Consolidated borrowings reduced to ₹9,852 Lacs (₹98.52 Cr) as of March 31, 2026 from ₹26,376 Lacs in FY25
Gross trade receivables stood at ₹51,459 Lacs (₹514.59 Cr) with expected credit loss allowance of ₹6,223 Lacs
Receivables overdue by more than 270 days totaled ₹10,415 Lacs as of March 31, 2026

💡 Shareholders may review the detailed FY26 annual report disclosures and cast their votes during the remote e-voting window prior to the AGM on September 30, 2026.

Kothari Products Announces Book Closure from Sep 23 to Sep 30, 2026 for Upcoming AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 03:55 PM

Kothari Products Limited has informed the exchanges regarding the closure of its Register of Members and Share Transfer Books. The closure will take place from September 23, 2026, to September 30, 2026 (both days inclusive). This book closure is being conducted for the purpose of the company's forthcoming Annual General Meeting.

Book closure start date: September 23, 2026
Book closure end date: September 30, 2026 (both days inclusive)
Purpose: Forthcoming Annual General Meeting (AGM)
Compliance under Regulation 42 of SEBI (LODR) Regulations, 2015

💡 Track the upcoming AGM notice for details on shareholder voting resolutions, dividend declarations (if any), and management commentary.

Kothari Products Announces Book Closure from Sep 23 to Sep 30, 2026 for AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 03:51 PM

Kothari Products Limited has notified exchanges regarding the closure of its Register of Members and Share Transfer Books. The book closure will run from September 23, 2026, to September 30, 2026 (both days inclusive). This closure is being implemented for the purpose of the upcoming Annual General Meeting (AGM).

Book closure begins on Wednesday, September 23, 2026
Book closure concludes on Wednesday, September 30, 2026 (both days inclusive)
Closure conducted for the forthcoming Annual General Meeting under Regulation 42 of SEBI LODR

💡 Watch for the formal AGM notice and proposed resolutions for any management commentary on trading margin recovery and business strategy.

Rs 7.50 Cr Q1 PAT: Kothari Products Recovers from Previous Quarter Loss

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 05:30 PM

Kothari Products reported a consolidated net profit of Rs 7.50 Cr for the quarter ended June 30, 2026, marking a recovery from the Rs 1.95 Cr loss in the preceding March quarter. However, profitability remains significantly lower than the Rs 21.25 Cr reported in the same period last year (June 2025). Consolidated revenue grew 5.5% YoY to Rs 289.78 Cr, primarily driven by the trading segment. Notably, the Real Estate segment contributed Rs 7.25 Cr to the segment results, slightly outperforming the much larger Trading segment's profit of Rs 6.56 Cr.

Consolidated Revenue from operations stood at Rs 289.78 Cr, up 5.5% from Rs 274.68 Cr in June 2025.
Net Profit recovered to Rs 7.50 Cr from a loss of Rs 1.95 Cr in the previous quarter (March 2026).
Trading segment revenue reached Rs 273.80 Cr, accounting for 94.5% of total consolidated revenue.
Real Estate segment profit of Rs 7.25 Cr provided a significant buffer to the bottom line compared to the Trading segment's Rs 6.56 Cr profit.
Earnings Per Share (EPS) for the quarter was Rs 1.26, down from Rs 3.03 in the year-ago period.

💡 Investors should monitor the volatility in the trading segment's operating margins, which have fluctuated significantly over recent quarters. The performance of the Real Estate segment remains a critical driver of net profitability and should be watched for consistency.

Kothari Products Issues Notice for Special Window for Share Dematerialization

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jul 2026, 03:59 PM

Kothari Products Limited has published newspaper notices regarding a 'Special Window' for the transfer and dematerialization of physical securities. This is a procedural regulatory requirement aimed at assisting shareholders who still hold physical share certificates to convert them into electronic (demat) form. The notices were published on July 14, 2026, across multiple national and regional editions of Business Standard and Hindustan. This administrative action has no impact on the company's financial performance, which recorded a TTM revenue of ₹911 Cr and a PAT of ₹42 Cr.

Notice published in 13 different newspaper editions including Business Standard and Hindustan on July 14, 2026.
The initiative facilitates the dematerialization of physical securities as per SEBI regulatory frameworks.
Company maintains a strong net worth of ₹1,051 Cr as per latest available financial context.
Promoter holding remains stable at 74.99% as of March 2026.

💡 Shareholders holding physical share certificates should review the notice on the company website and initiate the dematerialization process through their Depository Participant (DP).

Kothari Products Submits Routine Share Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 09 Jul 2026, 04:22 PM

Kothari Products Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Registrar Alankit Assignments Ltd, confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled within prescribed timelines. This is a standard administrative filing and has no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation received from Registrar & Share Transfer Agent (RTA) Alankit Assignments Ltd
Physical share certificates were mutilated and cancelled as per SEBI regulations
The filing was submitted to exchanges on July 9, 2026

💡 This is a routine procedural update; investors should focus on the company's upcoming quarterly financial results for operational performance insights.

Kothari Products Submits Routine Share Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 04:20 PM

Kothari Products Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Ltd, confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This involves the cancellation of physical certificates and updating depository records within prescribed timelines. This is a standard administrative filing with no impact on the company's financial performance or business strategy.

Confirmation received from Registrar & Share Transfer Agent (RTA) Alankit Assignments Ltd on July 6, 2026
Compliance pertains to the quarter ended June 30, 2026
Confirms that physical share certificates were mutilated and cancelled after due verification
Ensures the name of the depository was substituted in records as the registered owner within prescribed timelines

💡 This is a procedural filing. Investors should monitor the upcoming Q1 FY27 financial results for updates on the company's trading margins and real estate diversification.

Kothari Products Announces Trading Window Closure From July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jun 2026, 05:26 PM

Kothari Products Limited has announced the closure of its trading window for all designated persons effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results declaration. The trading window will remain closed until 48 hours after the financial results for the quarter ended June 30, 2026, are made public. The exact date of the board meeting to approve these financial results will be communicated in due course.

Trading window closure commences on July 1, 2026.
Applies to all Designated Persons, Promoters, Directors, KMPs, and their immediate relatives.
The window will reopen 48 hours after the declaration of financial results for the quarter ended June 30, 2026.

💡 This is a standard regulatory compliance announcement ahead of quarterly earnings. No immediate action is required from retail investors, but they should monitor the upcoming announcement for the board meeting date.

Kothari Products FY26 Total Income at ₹389.32 Cr; No Dividend Declared

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 May 2026, 04:56 PM

Kothari Products reported a standalone total income of ₹38,932 Lacs for the full year ended March 31, 2026, representing a decline from ₹44,847 Lacs in the previous fiscal year. However, the fourth quarter (Q4 FY26) showed a significant recovery with total income rising to ₹11,039 Lacs compared to ₹7,126 Lacs in Q4 FY25. The Board has decided not to recommend any dividend for FY 2025-26 to conserve resources for future growth. Total expenses for the full year also decreased to ₹37,309 Lacs from ₹39,106 Lacs in FY25.

Full-year standalone total income declined by 13.2% YoY to ₹38,932 Lacs.
Q4 FY26 total income grew by 54.9% YoY to ₹11,039 Lacs compared to ₹7,126 Lacs in Q4 FY25.
The company skipped dividend payments for FY 2025-26 to conserve cash for future requirements.
Full-year total expenses were reduced to ₹37,309 Lacs from ₹39,106 Lacs in the previous year.
Statutory auditors issued an unmodified opinion on the financial results for the period.

💡 The sharp recovery in Q4 revenue is encouraging, but the overall annual decline and lack of dividend suggest a period of consolidation. Investors should monitor if the Q4 momentum translates into sustained growth in the next fiscal year.

Kothari Products Confirms Non-Large Entity Status for FY 2025-26

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 13 Apr 2026, 01:45 PM

Kothari Products Limited has officially notified the stock exchanges that it does not meet the criteria to be classified as a 'Large Entity' for the financial year ended March 31, 2026. This disclosure is in compliance with SEBI circulars regarding fund raising through the issuance of debt securities. Consequently, the company is not mandated to raise a specific portion of its incremental borrowings via debt markets. This is a routine regulatory filing and does not reflect any change in the company's operational fundamentals.

Confirmed 'Not a Large Entity' status as of the financial year ended March 31, 2026
Compliance filing as per SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144
Exempt from mandatory 25% incremental borrowing through debt securities for the period
Filed with both BSE (Scrip Code: 530299) and NSE (Scrip Code: KOTHARIPRO)

💡 No action is required from investors as this is a standard compliance disclosure. Continue to monitor the company's core business performance and upcoming financial results.

Kothari Products Discloses Retail Shareholding Data as of March 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Apr 2026, 01:41 PM

Kothari Products Limited has submitted its routine disclosure regarding non-promoter retail individual shareholding as of March 31, 2026. The report indicates that there are 11,652 shareholders holding shares with a nominal value of up to Rs. 2 Lac. These retail investors collectively account for 4,135,166 shares in the company. This filing is a standard regulatory requirement mandated by SEBI to monitor retail participation levels.

Total number of retail shareholders (holding up to Rs. 2 Lac) is 11,652
Total shares held by the retail individual investor category is 4,135,166
Disclosure is as per SEBI letter requirements dated February 23, 2006
Reporting period is as of the financial year end, March 31, 2026

💡 This is a routine regulatory filing and does not impact the company's fundamentals. Investors should continue to monitor quarterly earnings and dividend announcements for material changes.

View All KOTHARIPRO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for H1 FY26 reached INR 531.27 Cr, representing a 3.45% growth compared to INR 513.54 Cr in H1 FY25. The Trading segment revenue grew 12.31% YoY to INR 530.34 Cr from INR 472.20 Cr. Conversely, the Real Estate and Other segment revenue declined 24.92% to INR 39.94 Cr from INR 53.20 Cr in the same period.

Geographic Revenue Split

The company operates through international trading hubs, specifically via Kothari Products Singapore Pte. Ltd., which reported a standalone revenue of INR 362.62 Cr for H1 FY26, contributing approximately 68% to the consolidated revenue.

Profitability Margins

Net Profit Margin for H1 FY26 stood at 3.69% (INR 21.05 Cr profit on INR 570.28 Cr total income), a significant recovery from a net loss of INR 95.19 Cr in H1 FY25. Historical PAT margins in FY19 were 2.13%, improving from 0.87% in FY18 due to decreased costs of traded goods.

EBITDA Margin

PBILDT margin was reported at 3.83% in FY19, an improvement from 1.86% in FY18. This 106% increase in core profitability was driven by better procurement pricing and a shift in the traded product mix.

Capital Expenditure

Property, Plant, and Equipment (Standalone) stood at INR 13.33 Cr as of September 30, 2025, up from INR 10.73 Cr in March 2025, indicating a modest capital outlay of INR 2.60 Cr during the half-year.

Credit Rating & Borrowing

The company previously held a CARE BBB-; Negative (Long Term) and CARE A3 (Short Term) rating, which were reaffirmed and subsequently withdrawn in August 2019 at the company's request after repaying bank limits. Consolidated borrowings stood at INR 143.02 Cr as of September 2025.

⚙️ Operational Drivers

Raw Materials

Traded goods including Coal, Steel, Polyvinyl Chloride (PVC), Edible Oil, Metals, and Agro-based commodities. The cost of stock-in-trade represents 99.57% of operational revenue, amounting to INR 529.00 Cr in H1 FY26.

Import Sources

International markets including Singapore (via Kothari Products Singapore Pte. Ltd.) and various global origins for commodities like coal and steel.

Key Suppliers

Not specifically named in the financial results, but the company maintains established relationships with global commodity suppliers for back-to-back trading arrangements.

Capacity Expansion

Not applicable as the company is primarily a trading entity; however, Investment Property (Real Estate) was valued at INR 31.23 Cr as of September 2025.

Raw Material Costs

Cost of traded goods was INR 529.00 Cr in H1 FY26, a slight decrease of 1.86% from INR 539.03 Cr in H1 FY25, despite higher revenue, indicating improved procurement efficiency.

Manufacturing Efficiency

Not applicable for trading; however, inventory management is efficient with an inventory holding period of approximately 12 days as of FY19.

Logistics & Distribution

Distribution costs are integrated into the cost of traded goods and other expenses, which totaled INR 128.02 Cr in H1 FY26.

📈 Strategic Growth

Growth Strategy

Growth is pursued through the expansion of the international trading portfolio (Coal, PVC, Steel) and leveraging the 40+ years of experience of promoter Mr. Deepak Kothari. The company is also diversifying into real estate development and leasing through subsidiaries like Viren Ventures and Subhadra Realtors to create stable rental income streams.

Products & Services

International trading of Coal, Agro-commodities, Storage devices, Transformers, Edible oil, Steel, Tiles, PVC, and Metals; Real estate leasing and development.

Brand Portfolio

Pan Parag (Historical association/legacy brand).

New Products/Services

The company has expanded into specialized trading of transformers and storage devices, though specific revenue contribution percentages for these new lines are not disclosed.

Market Expansion

Focus on Singapore as a global trading hub to facilitate international commodity movements.

Strategic Alliances

Operates through various subsidiaries and associates including Kothari Products Singapore Pte. Ltd., Viren Ventures Pvt. Ltd., and Savitry Hotels Pvt. Ltd.

🌍 External Factors

Industry Trends

The wholesale trading industry is moving toward tighter margins and higher volume requirements. KPL is positioning itself by maintaining low inventory (12 days) and diversifying into real estate to offset the volatility of the trading business.

Competitive Landscape

Competes with other large-scale international merchant traders and domestic commodity houses.

Competitive Moat

The moat is built on the 'long track record' (since 1973) and 'extensive experience' of the promoters, which facilitates access to credit lines and established supplier-buyer networks. This is sustainable as long as the company maintains its creditworthiness and relationship capital.

Macro Economic Sensitivity

Highly sensitive to global commodity price cycles (Coal, Steel) and international trade policies. A slowdown in global GDP would reduce demand for industrial inputs like PVC and Steel, impacting trading volumes.

Consumer Behavior

Shift toward sustainable energy may impact the long-term demand for coal trading, which is a key product for the company.

Geopolitical Risks

Trade barriers or sanctions on commodity-exporting nations could disrupt the supply of coal and agro-products, affecting the company's ability to fulfill back-to-back contracts.

⚖️ Regulatory & Governance

Industry Regulations

Subject to international trade regulations, import/export duties on commodities like coal and steel, and RERA regulations for its real estate segment.

Taxation Policy Impact

The company maintains current tax liabilities of INR 9.96 Cr as of September 2025. It is subject to standard Indian corporate tax rates and Singaporean tax laws for its foreign subsidiary.

Legal Contingencies

The company is involved in various legal matters as part of its business; however, the statutory auditors (G.M. Kapadia & Co.) provided an unmodified opinion for the H1 FY26 results, suggesting no immediate material financial threats from litigation.

⚠️ Risk Analysis

Key Uncertainties

The 'Negative' outlook from credit agencies (prior to withdrawal) was due to 'subdued operational performance' and 'high exposure to group entities' in the form of loans, advances, and corporate guarantees.