Synopsis: Kotyark Industries received an LOI from Indian Oil Corporation Limited to supply 3,590 KL biodiesel in Gujarat, worth about ₹30.30 crore, to be delivered between November 2025 and March 2026.
This Micro-cap Stock, engaged in manufacturing and selling biodiesel and related by-products like glycerin, providing cleaner fuel solutions to transport, industrial and power sectors across India, jumped 4.43 percent after receiving an Order worth Rs. 30.30 crore from Indian Oil Corporation Limited for the supply of biodiesel.
With a market capitalization of Rs. 266.38 crores, the share of Kotyark Industries Limited has reached an intraday high of Rs. 274.80 per equity share, rising nearly 4.43 percent from its previous day’s close price of Rs. 263.15. Since then, the stock has retreated and is currently trading at Rs. 259.15 per equity share.
What is the News?
Kotyark Industries Limited has received a Letter of Intent from Indian Oil Corporation Limited for the supply of biodiesel under a domestic tender. The order involves supplying 3,590 KL of biodiesel in Gujarat with a total deliverable value of approximately Rs. 30.30 crore.
The supply will be carried out during the period from November 2025 to March 2026. The direct issuance of LOIs by Oil Marketing Companies has enabled faster order confirmation and reflects improved operational efficiency and a strong ongoing business relationship with IOCL.
Company Overview
Kotyark Industries Limited was established in 2016 and is headquartered in Vadodara, Gujarat. The company is engaged in the renewable energy sector, with a strong focus on producing eco-friendly fuels.
The company’s main business activity is the manufacture and sale of biodiesel, which is a green and renewable alternative to traditional diesel. Biodiesel produced by Kotyark is used in vehicles, generators, industrial boilers, and other commercial applications.
The company also manufactures by-products such as crude glycerin and supplies other petroleum-related products used in various industries. Kotyark Industries operates manufacturing facilities in Gujarat and Rajasthan and serves customers across India.
Recent Quarter Results
Coming into financial highlights, Kotyark Industries Limited’s revenue has decreased from Rs. 197 crore in H1 FY25 to Rs. 147 crore in H1 FY26, which is a drop of 25.38 percent. The net profit has also decreased by 61.11 percent from Rs. 18 crore in H1 FY25 to Rs. 7 crore in H1 FY26.
Kotyark Industries Limited’s revenue has grown at a CAGR of 48.27 percent over the last two years. In terms of return ratios, the company’s ROCE and ROE stand at 13 percent and 9.83 percent, respectively. Kotyark Industries Limited has an earnings per share (EPS) of Rs. 2.65, and its debt-to-equity ratio is 0.54x.
Written By – Nikhil Naik
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