---
title: "Kothari World Finance Ltd (511138) — Share Price, Financials & Analysis"
symbol: "511138"
company: "Kothari World Finance Ltd"
canonical: "https://tapetide.com/stocks/511138"
isin: "INE988F01017"
bse_code: "511138"
generated_at: "2026-10-13T11:53:51.924Z"
---

# Kothari World Finance Ltd (511138)

Canonical page: https://tapetide.com/stocks/511138

## Company

- **BSE Code:** 511138
- **ISIN:** INE988F01017
- **Stock Type:** EQUITY
- **Listed Since:** 2011-01-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kothariworld.com

## About

Kothari World Finance Limited is an India-based holding company. The Company is a non-banking finance company, which is involved in license fees, and share trading and commodities activities.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 9.63% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -42% | 1% | 7% |
| revenue growth | 13% | 17% | 7% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.64 | 0.81 | 0.91 | 1.07 | 1.14 | 1.06 | 1.07 | 0.84 | 1.12 | 1.23 | 1.29 | 1.24 |
| Expenses | 0.4 | 0.24 | 0.31 | 0.26 | 0.35 | 0.22 | 0.23 | 0.19 | 0.1 | 0.64 | 0.5 | 0.19 |
| Operating Profit | 0.24 | 0.57 | 0.6 | 0.81 | 0.79 | 0.84 | 0.84 | 0.65 | 1.02 | 0.59 | 0.79 | 1.05 |
| OPM % | 37.5 | 70.37 | 65.93 | 75.7 | 69.3 | 79.25 | 78.5 | 77.38 | 91.07 | 47.97 | 61.24 | 84.68 |
| Other Income | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.02 | 0 | 0.01 | 0 | 0.01 | 0.01 | 0.01 |
| Depreciation | -0.59 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Profit before tax | 0.83 | 0.55 | 0.53 | 0.74 | 0.71 | 0.75 | 0.77 | 0.57 | 0.95 | 0.52 | 0.71 | 0.97 |
| Tax % | 73.49 | 23.64 | 26.42 | 20.27 | 16.9 | 20 | 22.08 | 24.56 | 23.16 | 15.38 | 19.72 | 17.53 |
| Net Profit | 0.22 | 0.43 | 0.39 | 0.59 | 0.59 | 0.6 | 0.6 | 0.43 | 0.73 | 0.44 | 0.57 | 0.8 |
| EPS in Rs | 0.3 | 0.58 | 0.52 | 0.79 | 0.79 | 0.81 | 0.81 | 0.58 | 0.98 | 0.59 | 0.77 | 1.08 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.51 | 1.66 | 1.07 | 1.75 | 3.34 | 3.43 | 2.94 | 3.94 | 4.15 | 4.7 |
| Expenses | 0.52 | 1.13 | 0.46 | 0.46 | 1.34 | 1.08 | 0.79 | 1.17 | 0.74 | 2.82 |
| Operating Profit | -0.01 | 0.53 | 0.61 | 1.29 | 2 | 2.35 | 2.15 | 2.77 | 3.41 | 1.88 |
| OPM % | -1.96 | 31.93 | 57.01 | 73.71 | 59.88 | 68.51 | 73.13 | 70.3 | 82.17 | 40 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0 | 0.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.06 |
| Depreciation | 0.02 | 0.1 | 0.16 | 0.4 | 0.72 | 0.53 | -0.2 | 0.28 | 0.29 | 0.29 |
| Profit before tax | -0.03 | 0.43 | 0.45 | 0.89 | 1.28 | 1.82 | 2.35 | 2.54 | 3.08 | 1.55 |
| Tax % | 66.67 | 25.58 | 35.56 | 17.98 | 21.88 | 26.92 | 42.55 | 21.26 | 22.4 | 9.68 |
| Net Profit | -0.05 | 0.33 | 0.3 | 0.73 | 1 | 1.34 | 1.34 | 1.99 | 2.4 | 1.4 |
| EPS in Rs | — | 0.44 | 0.4 | 0.98 | 1.34 | 1.8 | 1.8 | 2.68 | 3.23 | 1.88 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.48 | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 | 7.44 |
| Reserves | 6.34 | 4.8 | 5.1 | 5.84 | 6.83 | 8.17 | 9.51 | 11.51 | 13.91 | 15.31 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.84 | 0.1 | 0.23 | 0.28 | 0.83 | 0.65 | 0.67 | 0.61 | 0.8 | 2.17 |
| Total Liabilities | 9.66 | 12.34 | 12.77 | 13.56 | 15.1 | 16.26 | 17.62 | 19.56 | 22.15 | 24.92 |
| Fixed Assets | 1.93 | 1.84 | 4.49 | 8.3 | 11.83 | 0 | 11.53 | 11.25 | 10.97 | 10.69 |
| CWIP | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.36 | 0.63 | 0.63 | 0.62 | 0.62 | 11.95 | 0.34 | 0.34 | 0.34 | 0.34 |
| Other Assets | 7.27 | 9.77 | 7.55 | 4.64 | 2.65 | 4.31 | 5.75 | 7.97 | 10.84 | 13.89 |
| Total Assets | 9.66 | 12.34 | 12.77 | 13.56 | 15.1 | 16.26 | 17.62 | 19.56 | 22.15 | 24.92 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.14 | 0.57 | 0.35 | 1.02 | 1.4 | 1.77 | 0.94 | 1.16 | -0.58 | 1.01 |
| Cash from Investing Activity | -1.61 | -0.27 | -2.8 | -4.09 | -4.25 | -0.02 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 7.34 | 2.35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 5.59 | 2.65 | -2.45 | -3.07 | -2.85 | 1.75 | 0.95 | 1.16 | -0.58 | 1.01 |
| Free Cash Flow | -1.82 | 0.56 | -2.45 | -3.08 | -2.85 | 1.74 | 0.94 | 1.15 | -0.58 | 1 |
| CFO/OP | 1400 | 134 | 84 | 101 | 96 | 96 | 73 | 61 | 2 | 88 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 50.1 | 6.6 | 61.4 | 64.66 | 51.36 | 0 | 0 | 0 | 13.19 | 19.41 |
| Inventory Days | 331.82 | 55.44 | 608.33 | — | 271.14 | 196.54 | — | 287.58 | — | 179.18 |
| Days Payable | 0 | 0 | 0 | — | 0 | 0 | — | 5.53 | — | 0 |
| Cash Conversion Cycle | 381.92 | 62.04 | 669.74 | 64.66 | 322.51 | 196.54 | 0 | 282.05 | 13.19 | 198.6 |
| Working Capital Days | -944.71 | 50.57 | 71.64 | 39.63 | 18.58 | 95.77 | 98.08 | 94.49 | 48.37 | -51.26 |
| ROCE % | -0.6 | 4.29 | 3.63 | 6.89 | 9.29 | 12.18 | 14.43 | 14.15 | 15.48 | 7.3 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- |
| Promoters | 64.41% | 64.58% | 65.91% | 66.08% |
| Public | 35.59% | 35.42% | 34.09% | 33.92% |
| No. of Shareholders | 148 | 160 | 172 | 177 |

### Quarterly

| Category | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.54% | 64.58% | 64.58% | 64.58% | 64.58% | 64.58% | 64.88% | 65.91% | 66.03% | 66.08% | 66.08% | 66.08% |
| Public | 35.46% | 35.42% | 35.42% | 35.42% | 35.42% | 35.42% | 35.12% | 34.09% | 33.97% | 33.92% | 33.92% | 33.92% |
| No. of Shareholders | 148 | 159 | 159 | 160 | 160 | 164 | 175 | 172 | 174 | 177 | 178 | 177 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3a580b5-ff6b-4acb-a545-7a7b51227585.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Saturday 14Th February 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1bc90d79-5f7d-4f9d-889d-c0e8670bfe82.pdf) |
| 2026-02-14 | [Result-Financial Result For The Half-Year Ended On 30Th September 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4333b590-bfd1-43cd-a6dd-a98277159576.pdf) |
| 2026-02-12 | [Board Meeting Intimation for The Postponement Of Board Meeting - Regulation 29 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59b2bac0-3964-48f1-a3fb-0b3f40830684.pdf) |
| 2026-02-10 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e132d0f7-3b93-4750-b28f-a4f49c8c7ca6.pdf) |
| 2026-02-10 | [Board Meeting Intimation for The First Financial Results Of The Company Post Listing Being Half-Yearly Financial Results For The Period Ended 30Th September 2025 As Applicable In Compliance With Regulation 33(3)(J) Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/91b713f9-4f23-484d-94a6-4603462fb7a7.pdf) |
| 2020-04-25 | [Update On Delisting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dcf05af6-1dfe-43ec-a74f-04fc17ba4d05.pdf) |
| 2020-04-25 | [Update On Delisting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcf05af6-1dfe-43ec-a74f-04fc17ba4d05.pdf) |
| 2020-04-21 | [Certificate Under Regulation 40(9) And 40(10) Under SEBI (LODR), Regulations 2015 For The Half Year Ended 31St March, 2020.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f546093d-b258-4f8c-a3ac-b3cddebc8767.pdf) |
| 2020-04-21 | [Certificate Under Regulation 40(9) And 40(10) Under SEBI (LODR), Regulations 2015 For The Half Year Ended 31St March, 2020.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f546093d-b258-4f8c-a3ac-b3cddebc8767.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/511138/5111380310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:53:51.924Z.