Date: May 27, 2026 | May 28, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

Annual Financials (FY26 vs FY25)

  • Revenues: ₹314.87 Cr (FY26) vs ₹288.10 Cr (FY25)
  • Other Income: ₹0.05 Cr (FY26) vs ₹0.75 Cr (FY25)
  • Total Income: ₹314.92 Cr (FY26) vs ₹288.85 Cr (FY25)
  • Raw Material Expenses: ₹248.42 Cr (FY26) vs ₹230.36 Cr (FY25)
  • Employee Benefits Expense: ₹5.37 Cr (FY26) vs ₹4.54 Cr (FY25)
  • Other Expenses: ₹13.14 Cr (FY26) vs ₹10.55 Cr (FY25)
  • Total Expenditure: ₹266.93 Cr (FY26) vs ₹245.45 Cr (FY25)
  • EBITDA: ₹47.94 Cr (FY26) vs ₹42.65 Cr (FY25)
  • EBITDA Margin: 15.23% (FY26) vs 14.80% (FY25)
  • Finance Costs: ₹8.32 Cr (FY26) vs ₹7.73 Cr (FY25)
  • Depreciation & Amortisation Expenses: ₹12.82 Cr (FY26) vs ₹15.26 Cr (FY25)
  • PBT: ₹26.85 Cr (FY26) vs ₹20.41 Cr (FY25)
  • Tax: ₹7.48 Cr (FY26) vs ₹5.87 Cr (FY25)
  • PAT: ₹19.36 Cr (FY26) vs ₹14.53 Cr (FY25)
  • PAT Margin: 6.15% (FY26) vs 5.03% (FY25)
  • EPS (In INR): ₹18.26 (FY26) vs ₹14.08 (FY25)

Quarterly Financials (Q4 FY26 vs Q4 FY25)

  • Revenues: ₹63.66 Cr (Q4 FY26) vs ₹19.86 Cr (Q4 FY25)
  • Other Income: ₹0.00 Cr (Q4 FY26) vs ₹0.36 Cr (Q4 FY25)
  • Total Income: ₹63.66 Cr (Q4 FY26) vs ₹20.23 Cr (Q4 FY25)
  • Raw Material Expenses: ₹39.22 Cr (Q4 FY26) vs ₹11.10 Cr (Q4 FY25)
  • Employee Benefits Expense: ₹1.73 Cr (Q4 FY26) vs ₹0.95 Cr (Q4 FY25)
  • Other Expenses: ₹3.57 Cr (Q4 FY26) vs ₹2.21 Cr (Q4 FY25)
  • Total Expenditure: ₹44.52 Cr (Q4 FY26) vs ₹14.26 Cr (Q4 FY25)
  • EBITDA: ₹19.14 Cr (Q4 FY26) vs ₹5.60 Cr (Q4 FY25)
  • EBITDA Margin: 30.07% (Q4 FY26) vs 28.20% (Q4 FY25)
  • Finance Costs: ₹2.35 Cr (Q4 FY26) vs ₹1.51 Cr (Q4 FY25)
  • Depreciation & Amortisation Expenses: ₹3.22 Cr (Q4 FY26) vs ₹4.00 Cr (Q4 FY25)
  • PBT: ₹13.58 Cr (Q4 FY26) vs ₹0.45 Cr (Q4 FY25)
  • Tax: ₹4.20 Cr (Q4 FY26) vs ₹-1.06 Cr (Q4 FY25)
  • PAT: ₹9.38 Cr (Q4 FY26) vs ₹1.51 Cr (Q4 FY25)
  • PAT Margin: 14.74% (Q4 FY26) vs 7.47% (Q4 FY25)
  • EPS (In INR): ₹9.08 (Q4 FY26) vs ₹1.42 (Q4 FY25)

Disinvestment / Strategic Actions

Not Specified

Management Commentary

  • "We are pleased to report steady operational progress during FY26 as Kotyark Industries continued strengthening its position in India's growing biodiesel and renewable energy ecosystem."
  • "During the year, the Company reported revenue of ₹314.9 Cr, EBITDA of ₹48.0 Cr, and PAT of ₹19.4 Cr despite operating at relatively low-capacity utilization levels of ~7–8%."
  • "Management expects utilization levels to improve gradually over the next 2–3 years up to 60-70%, supported by stronger participation in OMC tenders and expansion across industrial and retail channels."
  • "Kotyark's key strength remains its flexible multi-feedstock platform capable of processing ~10–15 feedstocks based on availability and procurement economics."
  • "Going forward, Kotyark remains focused on increasing OMC participation, improving plant utilization, expanding distribution channels, strengthening feedstock sourcing, and enhancing glycerin monetization opportunities."

Company Overview

  • Incorporated in 2016, manufactures biodiesel and value-added by-products through flexible multi-feedstock platform
  • Capable of processing ~10–15 raw materials based on seasonal availability and procurement economics
  • Manufacturing facilities in Sirohi (Rajasthan) and Anand (Gujarat)
  • Operates across three segments: OMCs, bulk buyers, and industrial use
  • Cumulative Annual Biodiesel Production Capacity: 4,80,000 KL
  • Annual Crude Glycerin Production Capacity: ~63,000 KL
  • Total Team Strength: 137 professionals
  • Zero Effluent Discharge operations

Growth Journey & Milestones

  • Successful IPO and listing on NSE Emerge platform in 2021
  • In 2024, became first Indian biodiesel company to receive Verra carbon certification and earned 57,874 carbon credits
  • Successfully migrated from NSE SME Platform to NSE & BSE Main Board in March 2026
  • In 2023, commissioned Glycerin Processing Pilot Plant
  • In 2024, received recognition from Infinite Solutions for becoming world's first project to produce biodiesel registered under Voluntary Carbon Mechanism

Operational Details

  • Biodiesel capacity expanded from 500 KLPD to 1,500 KLPD at Rajasthan
  • Current utilization: Sirohi, Rajasthan: 5-6%; Anand, Gujarat: 30%
  • Major raw materials: Used Cooking Oils (84-86%), Alcohol (10-20%), Catalysts (0.2%)
  • Feedstock mix varies based on seasonal availability, procurement economics, and market pricing dynamics
  • Current order book: ~₹50 Cr from OMCs and ~₹30 Cr from other parties with 3-month execution timeline
  • Estimated pipeline: ~₹200 Cr from OMCs (expected conversion in 3 months) and ~₹15 Cr from telecommunication, infrastructure & FMCG companies (expected execution in Q1 FY27)

Expansion Plans

  • Jhajjar (Haryana) facility: 200 KLPD capacity, expected December 2026, capex ~₹29 Cr, financed through internal accrual
  • Kanpur (Uttar Pradesh) facility: 200 KLPD capacity, expected December 2026, capex ~₹26 Cr, financed through internal accrual

Financial Outlook

  • Targeting ~25–30% Revenue CAGR over next 3 years
  • EBITDA Margin aspiration: ~18–22% in next 3 years
  • Supported by improved plant utilization, better operating efficiencies, integrated sourcing advantages, and higher contribution from value-added products

Future Roadmap

  • FY27: Increase capacity utilization, commission new facilities in Haryana/UP
  • FY28: Strengthen distribution network, glycerin value enhancement, operational efficiency focus
  • FY29: ESG & circular economy leadership, strategic expansion opportunities

Other Operational / Legal / Strategic Disclosures

  • Company operates with Zero Effluent Discharge (ZED) manufacturing
  • Business aligned with India's biofuel and energy transition policies
  • Focus on carbon credits, circular economy, and ZED operations
  • GST reduced from 12% to 5% for biodiesel supply