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Kothari Products Limited
Sector:Others Others - Miscella - Others
BSE:530299NSE:KOTHARIPROBloomberg:KTP@INReuters:KPRO.BO
Market Lot: 1Face Value: 10ISIN Demat: INE823A01017
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03-Dec-2015
Business Profile
Kothari Products (KOTHARIPRO) is engaged mainly in the manufacture and marketing of Pan Parag and the Yes brand of bottled water. Established as a partnership firm on Aug. 18, 1973, it was incorporated as a private limited company on Sep. 17, 1983 and became a public limited company on Nov. 17, 1983. The company is part of the Kothari group which has multiple business activities including 7-Up coconut oil, budget detergent products, social activities, and sponsors of events.

The flagship brand is Pan Parag, which is sold in different flavors and variants. The company also offers gutkha, zarda, khaini, supari and mawa. Other brand names include Parag and Supreme. Kothari has its pan masala and gutkha plants located at Kanpur and Noida in Uttar Pradesh and Jorhat in Assam. Its beverages plants are located at Kanpur in Uttar Pradesh, Nadiad in Gujarat and Thane in Maharashtra.

An extensive domestic selling and distribution network for is in place, and its products are exported directly as well as through merchant exporters to Mexico, Kenya, Australia, Singapore, Middle East, Japan, Maldives, South Africa, UK, New Zealand, Canada, Malaysia, and Thailand among other countries. Sukhdham Constructions & Developers, Arti Web-Developers, Pan Parag India and Kothari Products Singapore are subsidiary companies.

The registered office of the company is located at Pan Parag House, 24/19 The Mall, Kanpur-208001, Uttar Pradesh.



Financials
The company reported rise of 34.39% in standalone net profit on y-o-y basis to Rs 166.10 million, while total income climbed 23.26% y-o-y basis to Rs 11.19 billion for the quarter ended June 2015.

Recent Developments
03-DEC-15
Kothari Products (KPL) announced that the company has increased its stake from 25.5% to 50% in SPPL Hotels, an associate unlisted company, having its Registered Office at 7, Chittaranjan Avenue, P.S.-Bowbazar, Kolkata, West Bengal. The aforesaid company is engaged in the business of Running of Hotels.

05-NOV-15
Kothari Products announced that the company has increased its stake from 25.5% to 50% in Haraparwati Realtors, an Associate Unlisted Company, having its Registered Office at 7, ChittaranjanAvenue , P.S-Bowbazar, KOLKATA, West Bengal. The aforesaid Company is engaged in the Real Estate Business.

30-SEP-15
Ind-Ra continues to take a consolidated view of KPL and its subsidiaries. KPL is part of the diversified Kothari group of companies which includes Pan Parag India (PPIL) and several other companies involved in the real estate, hospitality and education sectors. KPL and PPIL have common directors



In Brief

 
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