Kothari Indl - Kothari Indl

📊 BSE: 509732 🏢 Fertilizers 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew 535.38% YoY, increasing from INR 1,363.52 lakhs in FY24 to INR 8,663.59 lakhs in FY25. Segment assets include Logistics & Facility Management at INR 1,384.57 lakhs and Food at INR 484.64 lakhs.

Geographic Revenue Split

Not disclosed in available documents, though operations are centered in Chennai and Perambalur, Tamil Nadu, with global expansion plans.

Profitability Margins

Net Profit Margin declined from 232% in FY24 to -20% in FY25. Operating Profit Margin also decreased from 33% to 17% YoY due to aggressive expansion costs and the absence of high one-time other income seen in the previous year.

EBITDA Margin

Not explicitly disclosed, but Profit Before Tax (PBT) shifted from a profit of INR 4,032.45 lakhs in FY24 to a loss of INR 1,616.83 lakhs in FY25.

Capital Expenditure

Property, Plant, and Equipment (PPE) increased by INR 6.53 Cr, rising from INR 29.69 Cr in FY24 to INR 36.22 Cr in FY25 to support new business lines.

Credit Rating & Borrowing

Not disclosed in available documents; however, finance costs decreased 29.87% YoY from INR 270.92 lakhs to INR 189.99 lakhs.

⚙️ Operational Drivers

Raw Materials

Fertilizers, footwear components (adhesives, technical textiles), and food ingredients. Purchase of stock in trade represents 86.25% of total revenue at INR 7,472.47 lakhs.

Import Sources

Sourced from Singapore and Taiwan through strategic partners like Jhong bu Development and Longjohn Taiwan.

Key Suppliers

Key suppliers and partners include Atteck Automation Integration Technology Corporation (machinery), Jhong bu Development Singapore Pta Ltd (adhesives), and Longjohn Taiwan (technical textiles).

Capacity Expansion

The Perambalur 3M Eco-system cluster project involves a proposed investment of USD 15 million (INR 120 Cr) with partners to create a non-leather footwear manufacturing hub.

Raw Material Costs

Purchase of stock in trade increased 746.5% YoY to INR 7,472.47 lakhs, reflecting the massive scale-up in trading operations.

Logistics & Distribution

Not disclosed in available documents; however, the company recently acquired Parveen Roadways to enter the logistics segment.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

Growth is driven by aggressive diversification into Drones, Media (Industrial Economist), Logistics (Parveen Roadways), and Fine Dining (UNAVILLA). The company raised INR 188.97 Cr through preferential allotments in FY25 to fund these acquisitions and the Perambalur footwear cluster.

Products & Services

Kothari Blue Horse fertilizers, Zodiz and Jeetlo footwear, drone-based geospatial services, and fine dining restaurant services.

Brand Portfolio

Kothari Blue Horse, Zodiz, Jeetlo, UNAVILLA, and Kickers (via Royer Group tie-up).

New Products/Services

Launched Agro-Pesticides business in June 2025 and unveiled the UNAVILLA flagship restaurant concept in September 2025.

Market Expansion

Expanding into the non-leather footwear ecosystem and establishing the Kothari Industrial Park through JVs.

Strategic Alliances

Strategic partnership with H.E. Sheikh Falah Bin Jassim Bin Jabor AI Thani (Qatar Royal Family) who holds a 10% stake; 30% equity stake in Phoenix Kothari Footwear Limited.

🌍 External Factors

Industry Trends

The industry is shifting toward non-leather footwear ecosystems and digital agriculture (drones), where KICL is positioning itself through the Perambalur cluster.