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KANORICHEM
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Recent events
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News
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Corporate Actions
Kanoria Chemicals And Industries Enters Agreement To Sell 13.79% Of Kanoria Africa Textiles For $2 Mln
Feb 10 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
ENTERS AGREEMENT TO SELL 13.79% OF KANORIA AFRICA TEXTILES FOR $2 MILLION
Source text: ID:nNSE34TL3B
Further company coverage: KNRC.NS
(([email protected];;))
Feb 10 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
ENTERS AGREEMENT TO SELL 13.79% OF KANORIA AFRICA TEXTILES FOR $2 MILLION
Source text: ID:nNSE34TL3B
Further company coverage: KNRC.NS
(([email protected];;))
Kanoria Chemicals And Industries Sept-Qtr Consol Net Loss 139.1 Mln Rupees
Nov 13 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
KANORIA CHEMICALS AND INDUSTRIES SEPT-QUARTER CONSOL NET LOSS 139.1 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.74 BILLION RUPEES
Source text: ID:nBSE5ZH6Bw
Further company coverage: KNRC.NS
(([email protected];;))
Nov 13 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
KANORIA CHEMICALS AND INDUSTRIES SEPT-QUARTER CONSOL NET LOSS 139.1 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.74 BILLION RUPEES
Source text: ID:nBSE5ZH6Bw
Further company coverage: KNRC.NS
(([email protected];;))
Kanoria Chemicals And Industries Launches Hexamine Manufacturing Plant In Gujarat
Sept 6 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
LAUNCHES HEXAMINE MANUFACTURING PLANT IN GUJARAT
NEW PLANT WITH CAPACITY OF 18 METRIC TONS PER DAY
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
Sept 6 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
LAUNCHES HEXAMINE MANUFACTURING PLANT IN GUJARAT
NEW PLANT WITH CAPACITY OF 18 METRIC TONS PER DAY
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
India's Kanoria Chemicals jumps on capacity expansion
** Shares of Kanoria Chemicals & Industries KNRC.NS rise as much as 8.7% to 134.55 rupees
** Chemical intermediates manufacturer on Monday said it has completed expansion of its formaldehyde production capacity at
Ankleshwar, adding additional capacity of 345 metric tons per
day (MTPD)
** Also, added additional production capacity of 18 MTPD to its Hexamine plant at Ankleshwar - KNRC
** Trading vol 6.6x 30-day daily avg
** Stock down 2.4% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Kanoria Chemicals & Industries KNRC.NS rise as much as 8.7% to 134.55 rupees
** Chemical intermediates manufacturer on Monday said it has completed expansion of its formaldehyde production capacity at
Ankleshwar, adding additional capacity of 345 metric tons per
day (MTPD)
** Also, added additional production capacity of 18 MTPD to its Hexamine plant at Ankleshwar - KNRC
** Trading vol 6.6x 30-day daily avg
** Stock down 2.4% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
India's Kanoria Chemicals extends fall after qtrly loss widens
** Shares of Kanoria Chemicals and Industries KNRC.NS down 7.4% to 117.84 rupees, eyes worst day since March 2020
** The chemical intermediaries maker said its June-qtr consol net loss widens to 166.4 mln rupees (about $2 mln) from loss 26.4 mln rupees a year ago
** KNRC was trading ~4% lower ahead of results and amid a broader market sell-off with Nifty 50 .NSEI down 2.5%
** Including session's losses, stock is down ~12% YTD
($1 = 83.8050 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Kanoria Chemicals and Industries KNRC.NS down 7.4% to 117.84 rupees, eyes worst day since March 2020
** The chemical intermediaries maker said its June-qtr consol net loss widens to 166.4 mln rupees (about $2 mln) from loss 26.4 mln rupees a year ago
** KNRC was trading ~4% lower ahead of results and amid a broader market sell-off with Nifty 50 .NSEI down 2.5%
** Including session's losses, stock is down ~12% YTD
($1 = 83.8050 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Kanoria Chemicals And Industries Approves Sale Of Solar Power Division At Jodhpur To Sml Electricals India
May 3 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
KANORIA CHEMICALS AND INDUSTRIES - APPROVED SALE OF SOLAR POWER DIVISION OF CO AT JODHPUR TO SML ELECTRICALS INDIA
KANORIA CHEMICALS AND INDUSTRIES - DEAL FOR 82 MILLION RUPEES
Source text for Eikon: ID:nBSE3cRKTb
Further company coverage: KNRC.NS
(([email protected];))
May 3 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
KANORIA CHEMICALS AND INDUSTRIES - APPROVED SALE OF SOLAR POWER DIVISION OF CO AT JODHPUR TO SML ELECTRICALS INDIA
KANORIA CHEMICALS AND INDUSTRIES - DEAL FOR 82 MILLION RUPEES
Source text for Eikon: ID:nBSE3cRKTb
Further company coverage: KNRC.NS
(([email protected];))
India's Kanoria Chemicals jumps on anti-dumping duty on imports of key chemical
** Shares of Kanoria Chemicals and Industries KNRC.NS climb 7.34% to 133.80 rupees
** Chemical intermediates manufacturer's stock set to snap four-day losing streak
** Rise after government imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan
** Pentaerythritol is a chemical used in paints, dyes, lubricants and resins
** KNRC had filed the anti-dumping investigation application, alleging injury to domestic manufacturers of the chemical from Chinese, Taiwanese and Saudi Arabian imports
** KNRC is top producer of the chemical in India
** Including today's gains, KNRC trims losses to 0.8% so far this year - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Kanoria Chemicals and Industries KNRC.NS climb 7.34% to 133.80 rupees
** Chemical intermediates manufacturer's stock set to snap four-day losing streak
** Rise after government imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan
** Pentaerythritol is a chemical used in paints, dyes, lubricants and resins
** KNRC had filed the anti-dumping investigation application, alleging injury to domestic manufacturers of the chemical from Chinese, Taiwanese and Saudi Arabian imports
** KNRC is top producer of the chemical in India
** Including today's gains, KNRC trims losses to 0.8% so far this year - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Kanoria Chemicals rises on expansion plans
** Shares of Kanoria Chemicals & Industries KNRC.NS up 2.7% at 127.15 rupees
** The industrial chemicals maker said it plans to add additional production capacity of hexamine by 18 metric tons per day in Ankleshwar, Gujarat
** The expansion project is expected to be completed by December 2024, with an investment requirement of 127 mln rupees ($1.5 mln)
** Separately, co reported that its consolidated net loss widened to 81.3 mln rupees from 12.7 mln rupees for the Dec-qtr
** Revenue from operations fell by 11.2%
** KNRC stock down 5.7% so far this year, compared with a 15.5% loss in 2023
($1 = 82.9975 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Kanoria Chemicals & Industries KNRC.NS up 2.7% at 127.15 rupees
** The industrial chemicals maker said it plans to add additional production capacity of hexamine by 18 metric tons per day in Ankleshwar, Gujarat
** The expansion project is expected to be completed by December 2024, with an investment requirement of 127 mln rupees ($1.5 mln)
** Separately, co reported that its consolidated net loss widened to 81.3 mln rupees from 12.7 mln rupees for the Dec-qtr
** Revenue from operations fell by 11.2%
** KNRC stock down 5.7% so far this year, compared with a 15.5% loss in 2023
($1 = 82.9975 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Kanoria Chemicals And Industries Planning To Add Additional Production Capacity Of Hexamine
Feb 14 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
PLANNING TO ADD ADDITIONAL PRODUCTION CAPACITY OF HEXAMINE WITH 18 MTPD IN ANKLESHWAR, GUJARAT
NEW CAPACITY WILL CATER TO GROWING DEMAND IN VARIOUS SECTORS SUCH AS PHENOLIC RESINS, TEXTILE
EXPANSION EXPECTED TO BE COMPLETED BY DECEMBER 2024
INVESTMENT REQUIRED 127 MILLION RUPEES
Source text for Eikon: ID:nBSE7Xdf5F
Further company coverage: KNRC.NS
(([email protected];;))
Feb 14 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
PLANNING TO ADD ADDITIONAL PRODUCTION CAPACITY OF HEXAMINE WITH 18 MTPD IN ANKLESHWAR, GUJARAT
NEW CAPACITY WILL CATER TO GROWING DEMAND IN VARIOUS SECTORS SUCH AS PHENOLIC RESINS, TEXTILE
EXPANSION EXPECTED TO BE COMPLETED BY DECEMBER 2024
INVESTMENT REQUIRED 127 MILLION RUPEES
Source text for Eikon: ID:nBSE7Xdf5F
Further company coverage: KNRC.NS
(([email protected];;))
India's Kanoria Chemicals And Industries Posts June-Quarter Consol Net Loss
Aug 8 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
INDIA'S KANORIA CHEMICALS AND INDUSTRIES JUNE-QUARTER CONSOL NET LOSS 26.4 MILLION RUPEES VERSUS PROFIT 82.7 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.02 BILLION RUPEES VERSUS 3.86 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
Aug 8 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
INDIA'S KANORIA CHEMICALS AND INDUSTRIES JUNE-QUARTER CONSOL NET LOSS 26.4 MILLION RUPEES VERSUS PROFIT 82.7 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.02 BILLION RUPEES VERSUS 3.86 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
India's Kanoria Chemicals surges after large investor Mukul Agrawal adds stake
** Shares of Kanoria Chemicals KNRC.NS rise as much as 14.91% to hit a two month high of 120.20 rupees
** Stock most active in over six months with a trading volume of 654,183 shares as of 1:32 p.m. IST, 21 times the 30-day avg - Refinitiv data
** Uptick after large investor Mukul Agrawal added 1.21% stake in the company, per data on National Stock Exchange
** Agrawal held 1.34% stake at March end
** Stock down 31% in 2023 vs 9% rise in benchmark Nifty 50 .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected] ; +91 9769003463))
** Shares of Kanoria Chemicals KNRC.NS rise as much as 14.91% to hit a two month high of 120.20 rupees
** Stock most active in over six months with a trading volume of 654,183 shares as of 1:32 p.m. IST, 21 times the 30-day avg - Refinitiv data
** Uptick after large investor Mukul Agrawal added 1.21% stake in the company, per data on National Stock Exchange
** Agrawal held 1.34% stake at March end
** Stock down 31% in 2023 vs 9% rise in benchmark Nifty 50 .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected] ; +91 9769003463))
India's Kanoria Chemicals And Industries Posts Net Loss For March-Quarter Vs Profit Yr Ago
May 26 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
INDIA'S KANORIA CHEMICALS AND INDUSTRIES LTD MARCH-QUARTER CONSOL NET LOSS 15.2 MILLION RUPEES VERSUS PROFIT 183.4 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.45 BILLION RUPEES VERSUS 3.78 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
May 26 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
INDIA'S KANORIA CHEMICALS AND INDUSTRIES LTD MARCH-QUARTER CONSOL NET LOSS 15.2 MILLION RUPEES VERSUS PROFIT 183.4 MILLION RUPEES
KANORIA CHEMICALS AND INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.45 BILLION RUPEES VERSUS 3.78 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: KNRC.NS
(([email protected];))
Kanoria Chemicals And Industries Approves Sale Of 42 Shares Held By Co In APAG Holding AG, Switzerland
April 11 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
APPROVED SALE OF 42 SHARES, OUT OF 328 SHARES HELD BY CO IN APAG HOLDING AG, SWITZERLAND
DEAL FOR CHF 58,191 PER SHARE
CO'S STAKE IN APAG HOLDING AG WILL BE 55% AFTER SALE
Source text for Eikon: ID:nBSE1tbn92
Further company coverage: KNRC.NS
(([email protected];))
April 11 (Reuters) - Kanoria Chemicals and Industries Ltd KNRC.NS:
APPROVED SALE OF 42 SHARES, OUT OF 328 SHARES HELD BY CO IN APAG HOLDING AG, SWITZERLAND
DEAL FOR CHF 58,191 PER SHARE
CO'S STAKE IN APAG HOLDING AG WILL BE 55% AFTER SALE
Source text for Eikon: ID:nBSE1tbn92
Further company coverage: KNRC.NS
(([email protected];))
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What does Kanoria Chem. & Inds do?
Kanoria Chemicals & Industries is a leading Indian manufacturer of chemical intermediates with market leadership in three products. They have diversified interests in automotive, electronics, renewable energy, and textiles.
Who are the competitors of Kanoria Chem. & Inds?
Kanoria Chem. & Inds major competitors are Titan Bio-Tech, Nikhil Adhesives, Lords Chloro Alkali, Infinium Pharmachem, National Peroxide, Diamines & Chemicals, Alufluoride. Market Cap of Kanoria Chem. & Inds is ₹415 Crs. While the median market cap of its peers are ₹390 Crs.
Is Kanoria Chem. & Inds financially stable compared to its competitors?
Kanoria Chem. & Inds seems to be less financially stable compared to its competitors. Altman Z score of Kanoria Chem. & Inds is 1.79 and is ranked 8 out of its 8 competitors.
Does Kanoria Chem. & Inds pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kanoria Chem. & Inds latest dividend payout ratio is 64.01% and 3yr average dividend payout ratio is 64.01%
How has Kanoria Chem. & Inds allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Kanoria Chem. & Inds balance sheet?
Kanoria Chem. & Inds balance sheet is weak and might have solvency issues
Is the profitablity of Kanoria Chem. & Inds improving?
No, profit is decreasing. The profit of Kanoria Chem. & Inds is -₹83.73 Crs for TTM, -₹38.4 Crs for Mar 2024 and -₹8.77 Crs for Mar 2023.
Is the debt of Kanoria Chem. & Inds increasing or decreasing?
Yes, The debt of Kanoria Chem. & Inds is increasing. Latest debt of Kanoria Chem. & Inds is ₹529 Crs as of Sep-24. This is greater than Mar-24 when it was ₹480 Crs.
Is Kanoria Chem. & Inds stock expensive?
Kanoria Chem. & Inds is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Kanoria Chem. & Inds is 0.0, while 3 year average PE is 42.44. Also latest EV/EBITDA of Kanoria Chem. & Inds is 21.87 while 3yr average is 16.29.
Has the share price of Kanoria Chem. & Inds grown faster than its competition?
Kanoria Chem. & Inds has given lower returns compared to its competitors. Kanoria Chem. & Inds has grown at ~-10.27% over the last 2yrs while peers have grown at a median rate of 4.0%
Is the promoter bullish about Kanoria Chem. & Inds?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Kanoria Chem. & Inds is 74.4% and last quarter promoter holding is 74.4%.
Are mutual funds buying/selling Kanoria Chem. & Inds?
The mutual fund holding of Kanoria Chem. & Inds is stable. The current mutual fund holding in Kanoria Chem. & Inds is 0.07% while previous quarter holding is 0.07%.