Kotyark Industries Ltd(KOTYARK)

NSE: KOTYARKBSE: 544726

₹ 35.09+1.80%refreshed 16 Jul, 03:01 pm ISTMarket cap: ₹ 397 crUpdated: 24 Oct 2026

About

Kotyark Industries makes biodiesel at plants in Sirohi, Rajasthan and Anand, Gujarat, and sells mainly to oil marketing companies (OMCs), with crude glycerin as a by-product. It reported revenue of Rs 314.87 Cr in FY26 and has biodiesel production capacity of 4,80,000 KL per annum as of Q1 FY27. It describes itself as the first Indian biodiesel company to receive Verra accreditation. Its shares moved from the SME platform to the Main Board of NSE and BSE on March 12, 2026.^[1][2][3][4]

Business and revenue mix

OMCs made up 90% of revenue in FY26, up from 70% in FY25. Other customers (bulk and retail) fell from 30% to 10%.^[2]
About 14 litres of crude glycerin come from every 100 litres of biodiesel produced. The glycerin is refined and sold to the pharma, food and personal care industries.^[2]
Subsidiary Kotyark Bio Specialities Limited, 81.63% directly held as of FY26, makes and trades glycerine, free fatty acids and specialty chemicals.^[5]
Goods traded with the subsidiary Kotyark Bio Specialities were about Rs 36 Crore in FY26. Transactions of up to Rs 250 Crore with it are proposed for FY27.^[5]

Plants and capacity

Biodiesel production capacity was 4,80,000 KL per annum and crude glycerin capacity about 63,000 KL per annum in Q1 FY27.^[2]
Sirohi, Rajasthan: 1,500 KLPD installed capacity, running at 5-6% utilisation in Q1 FY27.^[2]
Anand, Gujarat: 100 KLPD installed capacity, running at 30% utilisation in Q1 FY27.^[2]
Overall capacity utilisation was about 7-8% in Q1 FY27.^[2]
A dedicated Glycerine Processing Unit was set up at Sirohi in FY26.^[4]

Order book

The OMC order book stood at about Rs 173.45 Cr in Q1 FY27, and the OMC tender was extended by a further two months.^[2]
Orders from other parties stood at Rs 60 Cr in Q1 FY27, with about Rs 15 Cr more under discussion.^[2]
Letters of Intent received in FY26 totalled about Rs 223.53 crore. Three LOIs worth Rs 110.26 crore had been received in April 2025 for April-July 2025.^[4][6]

Customers and distribution

As of FY25 the company sold through three channels: OMCs through tenders, bulk buyers in transport and mining, and 25 mobile retail outlets under the 'Green N Green' brand run on a dealership model.^[6]
In FY25 the OMCs moved from allocation sheets to issuing Letters of Intent directly when buying biodiesel.^[6]
The company names reliance on OMCs for a large share of revenue as a customer-concentration risk.^[3]

Expansion and plans

Biodiesel capacity at Rajasthan was expanded from 500 KLPD to 1,500 KLPD.^[2]
Management targets raising capacity utilisation from about 7-8% to 60-70% over the next 2-3 years, without large new capex.^[2]
Management targets about 25-30% revenue CAGR over FY27-FY29.^[2]
A memorandum of understanding was signed with the Rajasthan Government to explore sources of used cooking oil and other feedstock, as of FY25.^[6]
The board is seeking authority to borrow up to Rs 750 Crore, and to invest, lend or give guarantees up to Rs 500 Crore.^[5]

Sustainability and product validation

57,874 carbon credits were approved under the Verra standard for September 15, 2020 to March 31, 2022.^[4]
Testing and durability trials of B20 and B30 biodiesel blends were completed with the Automotive Research Association of India (ARAI).^[4]

Recent developments

A 10:1 bonus issue was approved by postal ballot on June 15, 2026, and 10,27,91,160 bonus shares were allotted in Q1 FY27.^[2][5]
The shares moved from NSE Emerge to the Main Board of NSE and BSE on March 12, 2026. Ind AS was adopted for FY26, with April 1, 2024 as the transition date.^[4][5]
Talati & Talati LLP is proposed as statutory auditor at the 10th AGM, replacing the retiring Manubhai & Shah LLP.^[5]
Standalone profitability was under pressure in Q1 FY27 because of the international price gap between fossil fuels and biofuels.^[2]

Market Cap

₹397 Cr

High / Low

₹46 / 29

Stock P/E

20.1

Price / Book

2.1

Book Value

₹16

EPS

₹1.7

No. of Shares

11.31 Cr

ROCE

15.3%

ROE

11.6%

OPM

11.2%

Debt / Equity

0.36

Sales

₹315 Cr

Net Profit

₹19 Cr

Promoter holding

57.3%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials