Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 7 Oct - Infomerics assigned IVR BBB-/Stable long-term and IVR A3 short-term ratings to bank facilities.
Source: Bse
Kanoria Chemicals & Industries Limited (KANORICHEM)
Small CapIndustrials stocks · Small cap · NSE
Kanoria Chemicals & Industries Limited operates in Fertilizers, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:10 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
55NeutralSMA20 +11.1% / mo · MACD −
Stock trend: 61
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KANORICHEMD candles · FIT view+98.9%Latest close ₹169.68 on 2026-10-21
Bar
-2.1%
RSI
44
MACD hist
-1.98
52W pos
76%
2026-10-21O ₹173.35H ₹178.31L ₹169.41C ₹169.68Vol 31,627 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KANORICHEMNifty India ManufacturingNifty 500
- KANORICHEM
- +11.5%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +18.0 pp
Chart stats
21 Oct 2026- From 52W high
- -17.6%
- 52W range position
- 76%
- ATR (14)
- 7.1%
- Volume vs 20D
- 0.58x
- Avg traded value
- ₹1 Cr
- 20D price channel
- ₹157.2 - ₹206
₹206
₹56 - ₹206
₹12.1
Latest completed session
20-session average
59.4% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · DEEP VALUE79
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +128.9% · PAT NDF YoY
Technical
Neutral55
Price trend and sector-relative-strength timing.
Valuation
Legacy model+87.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +129% YoY · margin expansion · +51% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹460 Cr | +128.9% | +51.3% |
| EBITDA | ₹45 Cr | +150.0% | +66.7% |
| Operating margin | 10.0% | +100 bps | +100 bps |
| PAT | ₹26 Cr | NDF | -18.8% |
| PAT margin | 5.7% | +1262 bps | -488 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.10
- P/B
- 1.40
- EV/EBITDA
- 8.13
- Market Cap
- 798.00Cr
Profitability
- ROE
- 22.10%
- ROCE
- 5.95%
- ROA
- 13.70%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -2.00%
- EPS 5Y
- 46.00%
- Revenue 3Y
- -15.00%
- EPS 3Y
- 114.00%
Balance Sheet
- Debt/Equity
- 0.51
- Interest Coverage
- 3.06×
- Altman Z
- 3.16
- Book Value
- 131.00
Cash Flow
- FCF Yield
- 3.38%
- FCF Positive Y
- 6/5
- OCF
- 66.00 Cr
- EPS TTM
- 35.47
Shareholding
- Promoter Hold
- 74.39%
- Promoter Pledge
- 29.60%
- Momentum 52W
- 83%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 460+51.3% vs prev
Net Profit
₹ CrLatest: 26.0-18.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 44. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~10.0% over last month) — short-term momentum positive.
- RSI(14) at 44 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 18% off 52W high · 203% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
96
RS percentile
Stage 2 UptrendEstablished S2
1M return
-5.7%
3M return
+11.5%
6M return
+104.5%
1Y return
+115.7%
RS 1D
0
RS 20D
-1
Sector rank
#2
Industry rank
#51
Stage evidence
- Price is 34.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +14.3%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
15 May 2026
S2 age
111 trading sessions
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 217.59-3.96%
RS vs Nifty 500218
Valuation & peers
U-Score 79 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 79 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation30/30
Growth19/25
Quality13/20
Balance Sheet6/15
Cash Flow6/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
79
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
79/100 · legacy band DEEP VALUE
Positive drivers
- FCF yield is supportive at 3.4%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 87.8%.
Main drags
- Promoter pledge is 29.6%.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
- Cash flow is weaker at 6/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
13.1
PB
1.4
EV/EBITDA
8.1
ROE
22.1%
ROCE
6.0%
FCF Yield
3.4%
Debt/Equity
0.5
MoS
+87.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
79
Previous: 79
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+87.8%
Previous: +87.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
79
79
79
79
79
79
79
79
79
79
79
79
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹323.34
+47.5% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹1,393.97
+87.8% MoS
PEG
0.18
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ZUARI
Small
Zuari Agro Chemicals Limited
Fertilizers & Agrochemicals
match 170
69
2.9
1.2%
+98%
UNDERVALUED
MADRASFERT
Small
Madras Fertilizers Limited
Fertilizers & Agrochemicals
match 169
62
11.9
292.0%
+67%
UNDERVALUED
KOTHARIPET
Small
Kothari Petrochemicals Limited
Fertilizers & Agrochemicals
match 168
45
78.0
14.2%
-80%
WATCHLIST
KHAICHEM
Small
Khaitan Chemicals & Fertilizers Limited
Fertilizers & Agrochemicals
match 167
86
8.0
25.4%
+78%
DEEP VALUE
PRIMO
Small
Primo Chemicals Limited
Fertilizers & Agrochemicals
match 167
40
40.5
3.8%
+3%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Kanoria Chemicals & Industries Limited operates in Fertilizers, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 52nd percentile within Industrials. Main check: promoter alignment is weak at 54/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Industrials: 52nd pctile, median 68 · Small: 60th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
54
watch · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
64
acceptable · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 74.4%.
- ▸FCF yield is positive at 4%.
- ▸6 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Promoter pledge is elevated at 29.6%.
- ▸ROCE is low at 6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Kanoria Chemicals & Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentation
AGM Presentation 2 Sep
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - News Paper publication of Statement of Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jun - Public Notice in Newspapers with regard to transfer of Shares to IEPF
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 25 May - Board approved FY26 audited results, recommended no dividend, and reappointed independent, internal and cost auditors.
Source: Bse
Announcement
Financial Result 25 May - Board approved FY26 audited results, recommended no dividend, and reappointed an independent director and auditors.
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2026
Sep 2026 · The Company Has Informed The Stock Exchanges About A Letter Send To Shareholders 6 Aug - 66th AGM on 2 September 2026; annual report 2025-26 and KYC update reminder sent.
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug - Newspaper Publication w.r.t. Notice of AGM and Annual Report for the F.Y. 2025-26.
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.