Kothari Petrochemicals Ltd.
NNSE:KOTHARIPET108.27
INR
-0.98
(-0.90%)
ISIN
INE720A01015
Return %
Stock
S&P 500
1Y
-23.74
14.20
3Y
-20.74
81.12
5Y
116.97
68.34
Capital Structure
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- CEO
- Arjun Bhadrashyam Kothari
- Full Time Employees
- 200
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- Kothari Buildings Chennai TN India 600034
- IPO Date
- Aug 19, 1996
- Website
- kotharipetrochemicals.com
- Similar Companies
- Business
- Kothari Petrochemicals Limited operates as a leading manufacturer of polyisobutylene (PIB) in India, offering a diversified portfolio of PIB products under various grades such as KVIS 10, KVIS 20, KVIS 30, KVIS 100, KVIS 150, and KVIS 200. These products serve multiple industrial applications including lubricants, adhesives, sealants, caulks, polymer modification, construction chemicals, rubber, optical fiber, and miscellaneous industries. The company sources raw materials primarily from partners like Chennai Petroleum Corporation Limited (CPCL) and Reliance Industries Limited (RIL). Its operations are centered in India with a production facility located in Manali, Chennai, which has an annual production capacity of approximately 48,000 tonnes of PIB. Kothari Petrochemicals also caters to domestic and international markets with customers such as major lubricant manufacturers, oil marketing companies, and industrial sectors involved in plastic, paint, and rubber production. Founded in 1989 and headquartered in Chennai, Tamil Nadu, Kothari Petrochemicals evolved from its initial business focus on caustic soda manufacturing to concentrate on PIB production following a merger in 2006. Recently, the company has undertaken significant strategic expansion by approving a ₹74 crore acquisition of land in Andhra Pradesh to support its long-term growth plans. This move aligns with the company’s efforts to expand production capacity and diversify its product offerings, including developing higher molecular weight PIB grades and variants beyond its main product lines. Despite a slight dip in profit margins due to raw material mix changes, Kothari Petrochemicals registered increased revenue in fiscal 2024, producing 40,782 tonnes of PIB compared to 32,640 tonnes the previous year, meeting about 91% of India’s conventional PIB demand. The company operates nearly debt-free and maintains strong credit ratings, reinforcing its stable financial position and growth trajectory. In summary, Kothari Petrochemicals Limited manufactures and sells diverse grades of polyisobutylene for lubricant, adhesive, sealant, rubber, and other industrial applications primarily in India, with expanding operations including planned new facilities. The company’s recent strategic land acquisition and capacity augmentation efforts mark key developments aimed at scaling production and product diversification to consolidate its leadership in the domestic and export markets of petrochemical intermediates. It serves a broad customer base comprising major oil and lubricant companies and industrial manufacturers across India and abroad. The company maintains stable financial health with demonstrated revenue growth and strategic expansion initiatives through 2024-2025.