Kanoria Chemicals & Industries Ltd
About
Kanoria Chemicals & Industries Limited (KCI) was established in 1960 as a manufacturer of chemical intermediates and specialties in India. Though its offerings are focused on infrastructure and construction, it was expanded into automotive, industrial electronics, and textile industries as well. KCI acquired companies like APAG Holding AG of Switzerland and Kanoria Africa Textiles Plc of Ethiopia to diversify into the automotive and textile industries, respectively. Its portfolio of 7 products includes intermediates like acetaldehyde, formaldehyde, hexamine, sodium formate, di-pentaerythritol, and pentaerythritol, and performance chemicals like phenolic resins. Kanoria owns and operates three manufacturing facilities located at Visakhapatnam and Naidupeta in Andhra Pradesh and Ankleshwar in Gujarat. R. V. Kanoria currently leads the 9000-member global company.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1490 -7.8% | 1616 13.4% | 1426 30.6% | 1092 5.2% | 1038 -6.2% | 1106 24.8% | 886 20.7% | 734 26.8% | 579 4.5% | 554 -5.9% | 589 48.8% | 396 -41.1% | 672 35.7% | 495 12.4% | 441 -13.0% | 506 - |
| Net Operating Income (INR Cr) | 1477 -6.44% | 1578 15.29% | 1369 25.05% | 1095 8.97% | 1005 -6.25% | 1072 28.08% | 837 19.19% | 702 24.22% | 565 6.44% | 531 -1.93% | 541 45.76% | 371 27.81% | 291 -40.91% | 492 16.77% | 421 -14.36% | 492 13.59% |
| Profit (INR Cr) | -38 - | -9 - | 7 -53.0% | 15 - | -26 - | -15 - | 14 - | -15 - | -7 - | 12 -63.5% | 34 327.3% | 8 -97.4% | 306 1653.8% | 17 -35.1% | 27 84.0% | 15 - |
| Assets (INR Cr) | 1139 1.1% | 1127 3.5% | 1089 -1.0% | 1099 -3.0% | 1134 -0.3% | 1137 8.8% | 1045 3.6% | 1008 -5.1% | 1063 22.5% | 868 26.4% | 686 6.0% | 648 0.0% | 647 -1.2% | 655 16.4% | 563 -3.5% | 584 - |
| Net Worth (INR Cr) | 601 -0.7% | 605 1.1% | 599 2.0% | 587 3.3% | 569 -5.0% | 599 1.8% | 588 1.4% | 580 -3.8% | 603 22.1% | 494 -0.5% | 496 5.8% | 469 -9.5% | 518 129.1% | 226 -8.7% | 248 4.8% | 236 -0.5% |
| Employee Cost (INR Cr) | 234 9.9% | 213 8.6% | 197 22.3% | 161 1.1% | 159 5.7% | 151 15.5% | 130 5.2% | 124 28.9% | 96 25.6% | 77 6.4% | 72 35.1% | 53 174.1% | 19 -48.3% | 38 12.9% | 33 5.2% | 32 - |
| Interest Cost (INR Cr) | 43 | 36 | 27 | 32 | 37 | 36 | 24 | 20 | 14 | 9 | 17 | 8 | 14 | 23 | 23 | 29 |
| Cash & Bank Balance (INR Cr) | 13 | 21 | 25 | 35 | 47 | 46 | 47 | 53 | 56 | 35 | 8 | 12 | 17 | 25 | 3 | 5 |
| Total Debt (INR Cr) | 509 | 510 | 475 | 493 | 539 | 509 | 440 | 408 | 430 | 331 | 161 | 172 | 125 | 379 | 315 | 347 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | 0.5% | 1.3% | - | - | 1.6% | - | - | 2.2% | 5.7% | 2.0% | 45.5% | 3.5% | 6.1% | 2.9% |
| Profit As % Of Assets | - | - | 0.6% | 1.3% | - | - | 1.3% | - | - | 1.4% | 4.9% | 1.2% | 47.2% | 2.7% | 4.8% | 2.5% |
| Profit As % Of Networth | - | - | 1.1% | 2.5% | - | - | 2.4% | - | - | 2.5% | 6.8% | 1.7% | 59.0% | 7.7% | 10.8% | 6.2% |
| Interest Cost to EBITDA % | 86.1% | 49.7% | 45.0% | 36.0% | 130.5% | 61.8% | 68.7% | 247.4% | 46.5% | 40.3% | 41.3% | 56.5% | 67.9% | 27.8% | 31.0% | 35.9% |
| Debt to Equity Ratio | 0.85 | 0.84 | 0.79 | 0.84 | 0.95 | 0.85 | 0.75 | 0.70 | 0.71 | 0.67 | 0.33 | 0.37 | 0.24 | 1.67 | 1.27 | 1.47 |
| RONW | - | - | 0.4% | 3.4% | - | - | 1.6% | - | - | 0.6% | 2.6% | 0.3% | 13.5% | 9.2% | 5.7% | 13.9% |
| ROCE | 0.6% | 1.3% | 3.7% | 4.3% | -0.6% | 2.5% | 3.0% | 0.7% | 1.3% | 1.4% | 4.9% | 1.6% | 4.1% | 8.3% | 7.5% | 13.4% |