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Kanoria Chemicals & Industries is currently trading at Rs. 42.70, up by 0.25 points or 0.59% from its previous closing of Rs. 42.45 on the BSE.The scrip opened at Rs. 42.05 and has touched a high and low of Rs. 43.80 and Rs. 40.20 respectively. So far 2468 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 78.45 on 10-Jan-2019 and a 52 week low of Rs. 36.65 on 22-Aug-2019.Last one week high and low of the scrip stood at Rs. 47.00 and Rs. 40.20 respectively. The current market cap of the company is Rs. 183.51 crore.The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 0.27% and 25.30% respectively.Kanoria Chemicals & Industries has commenced commercial production of Formaldehyde at its Naidupet unit in District Nellore in the State of Andhra Pradesh.Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.
The sales for the December 2018 quarter moved up 30.46% to Rs. 1152.50 millions as compared to Rs. 883.40 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2018 is Rs. -17.40 millions as compared to Net Profit of Rs. 6.00 millions of corresponding quarter ended December 2017Operating Profit reported a sharp decline to 51.90 millions from 84.40 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 1152.50 883.40 30.46 3426.50 2537.50 35.03 3468.10 3273.70 5.94 Other Income 12.50 37.20 -66.40 116.90 179.90 -35.02 233.10 226.70 2.82 PBIDT 51.90 84.40 -38.51 301.60 285.60 5.60 364.90 512.20 -28.76 Interest 5.80 18.00 -67.78 45.10 50.60 -10.87 70.60 32.70 115.90 PBDT 18.10 66.40 -72.74 228.50 235.00 -2.77 294.30 295.30 -0.34 Depreciation 49.60 60.00 -17.33 151.70 162.50 -6.65 211.90 204.30 3.72 PBT -31.50 6.40 -592.19 76.80 72.50 5.93 82.40 91.00 -9.45 TAX -14.10 0.40 -3625.00 21.70 16.90 28.40 26.40 -96.20 -127.44 Deferred Tax -1.90 0.40 -575.00 19.40 16.90 14.79 26.40 3.70 613.51 PAT -17.40 6.00 -390.00 55.10 55.60 -0.90 56.00 187.20 -70.09 Equity 218.50 218.50 0.00 218.50 218.50 0.00 218.50 218.50 0.00 PBIDTM(%) 4.50 9.55 -52.87 8.80 11.26 -21.80 10.52 15.65 -32.75
Kanoria Chemicals & Industries is currently trading at Rs. 60.00, up by 1.80 points or 3.09% from its previous closing of Rs. 58.20 on the BSE.The scrip opened at Rs. 58.95 and has touched a high and low of Rs. 60.00 and Rs. 58.95 respectively. So far 1147 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 112.50 on 10-Jan-2018 and a 52 week low of Rs. 55.05 on 25-Oct-2018.Last one week high and low of the scrip stood at Rs. 60.65 and Rs. 58.00 respectively. The current market cap of the company is Rs. 257.79 crore.The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 0.28% and 25.29% respectively.Kanoria Chemicals & Industries has acquired 10,551,560 shares in its subsidiary company, Kanoria Africa Textiles PLC, Ethiopia (KATP), at face value of 10.00 Birr per share. On acquisition of these shares, the company`s shareholding in KATP was increased from the existing 78.68% to 84.45% of its equity capital.Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.
The sales surged to Rs. 1015.50 millions, up 25.37% for the June 2018 quarter as against Rs. 810.00 millions during the corresponding quarter previous year.The Total Profit for the quarter ended June 2018 of Rs. 19.20 millions grew from Rs.-0.60 millionsOperating Profit saw a handsome growth to 96.90 millions from 57.10 millions in the quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 1015.50 810.00 25.37 1015.50 810.00 25.37 3468.10 3273.70 5.94 Other Income 25.70 51.50 -50.10 25.70 51.50 -50.10 233.10 226.70 2.82 PBIDT 96.90 57.10 69.70 96.90 57.10 69.70 364.90 512.20 -28.76 Interest 14.30 13.30 7.52 14.30 13.30 7.52 70.60 32.70 115.90 PBDT 82.60 43.80 88.58 82.60 43.80 88.58 294.30 295.30 -0.34 Depreciation 51.00 50.00 2.00 51.00 50.00 2.00 211.90 204.30 3.72 PBT 31.60 -6.20 -609.68 31.60 -6.20 -609.68 82.40 91.00 -9.45 TAX 12.40 -5.60 -321.43 12.40 -5.60 -321.43 26.40 -96.20 -127.44 Deferred Tax 12.40 -5.60 -321.43 12.40 -5.60 -321.43 26.40 3.70 613.51 PAT 19.20 -0.60 -3300.00 19.20 -0.60 -3300.00 56.00 187.20 -70.09 Equity 218.50 218.50 0.00 218.50 218.50 0.00 218.50 218.50 0.00 PBIDTM(%) 9.54 7.05 35.36 9.54 7.05 35.36 10.52 15.65 -32.75
The June 2017 quarter revenue stood at Rs. 810.00 millions, up 5.40% as compared to Rs. 768.50 millions during the corresponding quarter last year.The Net Loss for the quarter ended June 2017 is Rs. -0.60 millions as compared to Net Profit of Rs. 61.30 millions of corresponding quarter ended June 2016The company reported a degrowth in operating Profit to 57.10 millions from 153.20 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 810.00 768.50 5.40 810.00 768.50 5.40 3273.70 3297.80 -0.73 Other Income 51.50 64.60 -20.28 51.50 64.60 -20.28 226.70 211.10 7.39 PBIDT 57.10 153.20 -62.73 57.10 153.20 -62.73 512.20 540.90 -5.31 Interest 13.30 20.40 -34.80 13.30 20.40 -34.80 32.70 107.50 -69.58 PBDT 43.80 132.80 -67.02 43.80 132.80 -67.02 295.30 433.40 -31.86 Depreciation 50.00 50.70 -1.38 50.00 50.70 -1.38 204.30 210.10 -2.76 PBT -6.20 82.10 -107.55 -6.20 82.10 -107.55 91.00 223.30 -59.25 TAX -5.60 20.80 -126.92 -5.60 20.80 -126.92 -96.20 53.40 -280.15 Deferred Tax -5.60 6.10 -191.80 -5.60 6.10 -191.80 3.70 3.60 2.78 PAT -0.60 61.30 -100.98 -0.60 61.30 -100.98 187.20 169.90 10.18 Equity 218.50 218.50 0.00 218.50 218.50 0.00 218.50 218.50 0.00 PBIDTM(%) 7.05 19.93 -64.64 7.05 19.93 -64.64 15.65 16.40 -4.61
With reference to news published in Mint dated February 21, 2017. ‘Kanoria Chemicals to raise Rs.300 crore.’, Kanoria Chemicals & Industries has submitted a copy of Clarification.The above information is a part of company’s filings submitted to BSE.
Kanoria Chemicals & Industries is currently trading at Rs. 73.00, up by 2.40 points or 3.40% from its previous closing of Rs. 70.60 on the BSE.The scrip opened at Rs. 71.15 and has touched a high and low of Rs. 74.25 and Rs. 71.15 respectively. So far 20744 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 94.30 on 26-Oct-2016 and a 52 week low of Rs. 48.00 on 29-Feb-2016.Last one week high and low of the scrip stood at Rs. 74.25 and Rs. 69.00 respectively. The current market cap of the company is Rs. 318.96 crore.The promoters holding in the company stood at 74.43%, while institutions and non-institutions held 0.29% and 25.28% respectively.In order to refinance a part of its debt, Kanoria Chemicals & Industries (KCI) is reportedly in advanced talks with Piramal Fund Management to raise close to Rs 300 crore. The investment will be a structured debt transaction through which KCI will refinance a large portion of loans taken by its subsidiaries. KCI is a leading manufacturer of chemical intermediates in India. Apart from chemicals, it has diversified business interests including automotive and industrial electronics, renewable energy and textiles. The company has two chemicals manufacturing facilities, one at Ankleshwar in the state of Gujarat, which manufactures Alcohol based intermediates and the second at Visakhapatnam in the state of Andhra Pradesh, which manufactures Formaldehyde, Hexamine and resins.
The Exchange has sought clarification from Kanoria Chemicals & Industries on February 21, 2017 with reference to news published in Mint dated February 21, 2017. ‘Kanoria Chemicals to raise Rs 300 crore.’The above information is a part of company’s filings submitted to BSE.
Kanoria Chemicals & Industries has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Kanoria Chemicals & Industries has informed that a meeting of the Board of Directors of the Company has been convened on August 31, 2016, to consider and approve the Unaudited Financial Results of the Company for the 1st quarter ended on June 30, 2016. Further, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Conduct to regulate, monitor and report trading by Insiders, the Trading Window of the Company shall remain closed from August 24, 2016 to September 02, 2016.The above information is a part of company’s filings submitted to BSE.
Kanoria Chemicals & Industries has submitted a copy of Newspaper Advertisement for Notice of Annual General Meeting, Book Closure & E-voting.The above information is a part of company’s filings submitted to BSE.
Kanoria Chemicals & Industries has informed that the 56th Annual General Meeting (AGM) of the Company will be held on September 01, 2016.The above information is a part of company’s filings submitted to BSE.