Kotyark Industries – Only Listed pure Biodiesel Player

Hi @Sulabh_Anand

1. Even mgt was asked and their simple answer is we can’t comment on entry barriers. We like our business and hence we are into it. Previously Kotyark’s promoter family business was mainly of the non edible vegetable oils(raw material of bio-diesel) before they started manufacturing bio-diesel. Also Kotyark is the market leader in bio-diesel currently in India and from last tender, it’s market share can likely increase
2. I can asnwer on CFO resignation → Higher studies. You can check the mgmt commentary dated Oct 30, 2023.
3. On operating level, they are cash flows positive. They are doing more capex and probably over all net cash flow negative. They have recently purchased 2 land parcels near their current factory (Got to know from nearby people)

Disclosure – Invested and could be biased