Pan Parag

Kanpur, India Founded: 1973 • Age: 53 yrs Listed
Production of pan masala and mouth fresheners with a focus on quality and innovation in India.

About Pan Parag

Pan Parag is a publicly listed company based in Kanpur (India) founded in 1973. Production of pan masala and mouth fresheners with a focus on quality and innovation in India. The company has 5 employees. Its Indian entity Kothari Products Limited. reported revenue of β‚Ή1,108 Cr. Pan Parag offers products and services including Pan Masala and Flavored Products. Its focus areas include Food and Beverage, Confectionery, Pan Masala and Mouth Fresheners.

Company details

Pan Parag has been established as a leading brand in pan masala since its launch in 1973, with quality materials and innovative practices being utilized to maintain market dominance. The brand is guided by the values of its founder, Late Shri Mansukhbhai Kothari, whose vision led to the creation of refreshing mouth fresheners that revitalize taste buds and promote freshness. Products are designed to reconnect users with sensory experiences, ensuring adherence to high standards of purity and taste. Over the years, contributions to the industry have been recognized through awards, reflecting a commitment to excellence that continues to influence operations.

Key Metrics
  • Market Cap
    ₹372 Cr

    KOTHARIPRO · NSE

  • Share Price
    ₹63.05

    +1.24% today

  • Revenue
    ₹1,010 Cr

    FY 2025-26 · +5.4% YoY

  • EBITDA
    −₹47.58 Cr

    Margin -4.7%

  • Net Profit
    ₹21.43 Cr

    FY 2025-26 · +128.4% YoY

  • P/E (TTM)
    36.9x

    P/B 0.3x

  • Employee Count
    5

Products & Services of Pan Parag

Pan Parag offers a comprehensive portfolio of products and services, including Pan Masala and Flavored Products.

Pan Masala
Consumer Goods

Pan masala is produced as a mouth freshener that revitalizes taste buds and maintains freshness.

Flavored Products
Food Products

Flavored products are offered to invigorate senses and celebrate flavors, drawing from a legacy of quality.

Apps and channels of Pan Parag

its YouTube channel PanParag has 38.7K subscribers and 29 videos.

PanParag
YouTube 38.7K subscribers 29 videos Science & Technology
Open channel

Videos from Pan Parag

The most watched videos on Pan Parag's YouTube channel, PanParag (38.7K subscribers). Click a video to play it here.

Hrithik Roshan and Preity Zinta Performing a dance at the Zee Cine awards function
14.3M views
PAN PARAG TVC
2.8M views
Amitabh Bachchan, receiving Golden Great Award
91.3K views
PANPARAG 43 YEARS
76.1K views

More on PanParag.

Board of directors of Kothari Products Limited. (Pan Parag)

Kothari Products Limited. is the primary company behind Pan Parag. The board of Kothari Products Limited. currently have 6 directors; the longest-serving is Deepak Kothari, appointed in 1988. 6 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Deepak Kothari
DIN 00088973
Managing Director07 Sep 198838 yrs 2 moKothari Products Limited.
Mitesh Kothari
DIN 00089076
Whole-time director01 Oct 200224 yrs 1 moKothari Products Limited.
Poonam Acharya
DIN 07238992
Director24 Jul 201511 yrs 3 moKothari Products Limited.
Deepak Gambhirdas Gandhi
DIN 01627471
Director21 Jan 20233 yrs 9 moKothari Products Limited.
Jayant Chaturvedi
DIN 03639031
Additional Director13 Aug 20242 yrs 3 moKothari Products Limited.
Pradeep Kumar
DIN 10671085
Additional Director13 Aug 20242 yrs 3 moKothari Products Limited.

IPO & Listings of Pan Parag

Pan Parag is a publicly listed company on the NSE with ticker symbol KOTHARIPRO in India, operating in the Trading sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: KOTHARIPRO
  • Listed entityKothari Products Limited.
  • Exchange sectorTrading

Financials of Pan Parag

Exchange-reported figures of Kothari Products Limited., the listed company behind Pan Parag (NSE: KOTHARIPRO).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,010 Cr
+5.4% YoY
EBITDA
−₹47.58 Cr
+64.1% YoY
Profit After Tax
₹21.43 Cr
+128.4% YoY
Net Worth
₹1,158 Cr
-2.9% YoY
Total Assets
₹1,258 Cr
-9.5% YoY
Total Debt
₹98.52 Cr
-40.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0109589921,3873,3973,1174,113
Revenue growth+5.4%-3.5%-28.5%-59.2%+9.0%-24.2%-
EBITDA(47.58)(133)(3.47)(20.32)7.37(83.38)(62.41)
EBITDA margin-4.7%-13.8%-0.4%-1.5%+0.2%-2.7%-1.5%
Profit before tax38.61(88.78)33.409.3319.28(54.00)54.80
Net profit21.43(75.58)29.788.1117.66(99.10)37.10
Net profit margin+2.1%-7.9%+3.0%+0.6%+0.5%-3.2%+0.9%
EPS (β‚Ή)5.17(15.95)10.891.744.92(18.87)11.64
Balance sheet
Total assets1,2581,3901,2811,4301,4272,0872,278
Net worth1,1581,1931,1961,1541,0831,0601,171
Total debt98.5216682.222753431,0251,105
Cash & bank30.6788.3132.8943.06112103127
Net working capital4957428231,0181,1561,8311,979
Cash flow
Cash from operations(63.08)100162241670120(63.30)
Cash from investing25.45(97.90)35.00(168)13.3373.5459.41
Cash from financing(20.74)50.56(198)(80.54)(714)(138)(89.44)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue270317162283248223221266
Revenue growth (YoY)+8.7%+42.1%-26.9%+6.4%+0.3%---
Other income27.3015.6429.2328.8426.2716.0223.939.29
EBITDA(12.91)(16.65)(13.73)(18.90)0.221.82(11.57)(128)
EBITDA margin-4.8%-5.3%-8.5%-6.7%+0.1%+0.8%-5.2%-48.3%
Depreciation0.580.570.780.560.530.510.460.51
Interest1.551.381.573.932.992.041.451.17
Profit before tax12.26(2.96)13.155.4522.9715.2910.45(121)
Tax4.76(1.01)3.241.461.725.02(0.14)(0.74)
Net profit7.50(1.95)9.913.9921.2510.2710.59(120)
EPS (β‚Ή)1.26(0.33)1.670.813.031.523.55(40.26)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3283042852871,0791,7072,385
Revenue growth+8.2%+6.4%-0.6%-73.4%-36.8%-28.4%-
EBITDA(35.77)(80.00)(5.93)(21.95)(0.24)(23.70)(43.78)
EBITDA margin-10.9%-26.3%-2.1%-7.7%-0.0%-1.4%-1.8%
Profit before tax40.7157.4113.413.049.6911.5550.68
Net profit13.90(17.03)9.793.983.36(30.67)35.53
Net profit margin+4.2%-5.6%+3.4%+1.4%+0.3%-1.8%+1.5%
EPS (β‚Ή)5.848.934.080.501.713.1411.40
Balance sheet
Total assets1,1511,1541,0241,0441,0401,4541,607
Net worth1,0511,016962950949944904
Total debt98.5213759.3492.0789.18508702
Cash & bank20.1940.6614.352.6029.0445.4128.23
Net working capital2113181912634041,1351,222
Cash flow
Cash from operations(99.53)(23.83)51.9528.07915(121)76.92
Cash from investing123(24.78)(4.60)(38.14)(545)69.6685.46
Cash from financing(44.71)72.41(36.49)(1.36)(385)71.48(196)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue17811063.1889.3065.9955.8037.2091.03
Revenue growth (YoY)+169.3%+97.1%+69.8%-1.9%-44.9%---
Other income34.240.3940.0235.529.4015.4623.91100
Total expenses19112879.3389.9966.4361.3343.37160
EBITDA(13.53)(18.49)(16.15)(0.69)(0.44)(5.53)(6.17)(69.19)
EBITDA margin-7.6%-16.8%-25.6%-0.8%-0.7%-9.9%-16.6%-76.0%
Depreciation0.580.570.790.500.490.510.460.51
Interest1.521.341.552.031.581.951.431.14
Profit before tax18.61(20.01)21.5332.306.897.4715.8529.53
Tax4.76(1.01)3.232.171.453.92(0.15)(0.73)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 15 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue270317162283248223221266
Revenue growth (YoY)+8.7%+42.1%-26.9%+6.4%+0.3%---
Other income27.3015.6429.2328.8426.2716.0223.939.29
EBITDA(12.91)(16.65)(13.73)(18.90)0.221.82(11.57)(128)
EBITDA margin-4.8%-5.3%-8.5%-6.7%+0.1%+0.8%-5.2%-48.3%
Depreciation0.580.570.780.560.530.510.460.51
Interest1.551.381.573.932.992.041.451.17
Profit before tax12.26(2.96)13.155.4522.9715.2910.45(121)
Tax4.76(1.01)3.241.461.725.02(0.14)(0.74)
Net profit7.50(1.95)9.913.9921.2510.2710.59(120)
EPS (β‚Ή)1.26(0.33)1.670.813.031.523.55(40.26)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0109589921,3873,3973,1174,113
Revenue growth+5.4%-3.5%-28.5%-59.2%+9.0%-24.2%-
Other income98.5251.3744.9144.9446.5375.77171
Total expenses1,0571,0909961,4073,3893,2004,176
Employee cost0.005.325.345.375.184.755.78
EBITDA(47.58)(133)(3.47)(20.32)7.37(83.38)(62.41)
EBITDA margin-4.7%-13.8%-0.4%-1.5%+0.2%-2.7%-1.5%
Depreciation2.441.881.902.392.763.003.19
Interest9.895.666.1412.9031.8643.3950.16
Profit before tax38.61(88.78)33.409.3319.28(54.00)54.80
Tax5.415.210.914.144.602.3120.06
Net profit21.43(75.58)29.788.1117.66(99.10)37.10
Net profit margin+2.1%-7.9%+3.0%+0.6%+0.5%-3.2%+0.9%
EPS (β‚Ή)5.17(15.95)10.891.744.92(18.87)11.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital59.6915729.8429.8429.8429.8429.84
Reserves & surplus1,0981,0361,1661,1241,0531,0301,141
Shareholders' funds (net worth)1,1581,1931,1961,1541,0831,0601,171
Minority interest0.0028.800.000.000.000.000.00
Secured loans45.0424.3735.5679.0413.8252.1514.47
Unsecured loans53.4814246.661963299731,090
Total debt98.5216682.222753431,0251,105
Total liabilities1,2581,3901,2811,4301,4272,0872,278
Assets
Gross block63.6112565.0290.7998.8099.07186
Net block43.6410546.6270.2178.7580.94164
Capital work in progress1.100.0014.710.000.000.000.00
Investments55243532523658.7511.7223.61
Inventories3.0472.176.197.557.912.58142
Sundry debtors4484526868171,2632,0502,103
Cash & bank balances30.6788.3132.8943.06112103127
Loans & advances86.00220151200113137137
Total current assets5688328761,0671,4952,2932,509
Total current liabilities72.6390.4752.2649.01340462530
Net working capital4957428231,0181,1561,8311,979
Total assets1,2581,3901,2811,4301,4272,0872,278
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash84.2331.3232.5140.2971.7015.44109
Net cash from operating activities(63.08)100162241670120(63.30)
Net cash from investing activities25.45(97.90)35.00(168)13.3373.5459.41
Net cash from financing activities(20.74)50.56(198)(80.54)(714)(138)(89.44)
Net change in cash(58.37)52.91(1.19)(7.78)(31.41)56.26(93.33)
Closing cash30.6788.3132.8943.06112103127
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.4%-3.5%-28.5%-59.2%+9.0%-24.2%-
EBITDA growth+64.1%-3721.6%+82.9%-375.7%+108.8%-33.6%-
PBT growth+9998.0%-+258.0%-51.6%+9998.0%--66.3%
Net income growth+128.4%-353.8%+267.2%-54.1%+117.8%-367.1%-
Revenue CAGR (3Y)-10.0%-34.4%-31.7%-30.4%-15.9%-21.2%-13.4%
EBITDA CAGR (3Y)+32.8%--65.4%-31.2%-62.8%--
Profitability & leverage
Net income margin+3.3%-9.8%+3.3%+0.4%+0.4%-1.8%+0.8%
Return on capital employed--4.7%+2.9%+1.9%+3.1%-2.5%+4.6%
Return on net worth--6.5%+2.8%+0.7%+1.7%-8.9%+3.0%
Debt / equity-0.100.150.280.640.950.98
Long-term debt / equity-0.040.090.180.310.410.43
Interest cover-19.77-4.21-114.34-56.80691.11-50.23-76.46
Efficiency & per share
Fixed asset turnover-10.0912.7414.6334.3321.8922.13
Inventory turnover-24.45144.45179.43647.6443.0328.97
Debtors turnover-1.681.321.332.051.501.85
EPS (β‚Ή)5.17(15.95)10.891.744.92(18.87)11.64
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.00183.54400.86386.78362.94355.10392.52
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue17811063.1889.3065.9955.8037.2091.03
Revenue growth (YoY)+169.3%+97.1%+69.8%-1.9%-44.9%---
Other income34.240.3940.0235.529.4015.4623.91100
Total expenses19112879.3389.9966.4361.3343.37160
EBITDA(13.53)(18.49)(16.15)(0.69)(0.44)(5.53)(6.17)(69.19)
EBITDA margin-7.6%-16.8%-25.6%-0.8%-0.7%-9.9%-16.6%-76.0%
Depreciation0.580.570.790.500.490.510.460.51
Interest1.521.341.552.031.581.951.431.14
Profit before tax18.61(20.01)21.5332.306.897.4715.8529.53
Tax4.76(1.01)3.232.171.453.92(0.15)(0.73)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3283042852871,0791,7072,385
Revenue growth+8.2%+6.4%-0.6%-73.4%-36.8%-28.4%-
Other income85.3314525.1031.6735.3471.04133
Total expenses3643842913091,0791,7312,429
Employee cost0.002.662.322.502.271.812.54
EBITDA(35.77)(80.00)(5.93)(21.95)(0.24)(23.70)(43.78)
EBITDA margin-10.9%-26.3%-2.1%-7.7%-0.0%-1.4%-1.8%
Depreciation2.351.881.581.982.372.292.27
Interest6.505.484.184.7023.0433.5035.98
Profit before tax40.7157.4113.413.049.6911.5550.68
Tax5.844.101.251.564.582.1816.65
Net profit13.90(17.03)9.793.983.36(30.67)35.53
Net profit margin+4.2%-5.6%+3.4%+1.4%+0.3%-1.8%+1.5%
EPS (β‚Ή)5.848.934.080.501.713.1411.40
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital59.6959.6929.8429.8429.8429.8429.84
Reserves & surplus991956933920919914874
Shareholders' funds (net worth)1,0511,016962950949944904
Secured loans45.0422.8633.5346.1324.670.000.06
Unsecured loans53.4811425.8145.9464.51508702
Total debt98.5213759.3492.0789.18508702
Total liabilities1,1511,1541,0241,0441,0401,4541,607
Assets
Gross block63.6162.9656.3052.9960.2059.5758.95
Net block43.6444.0838.7834.8242.2743.1744.61
Capital work in progress1.100.001.130.000.000.000.00
Investments730688725646517174237
Inventories3.047.343.905.647.912.595.91
Sundry debtors1711231261531921,1561,012
Cash & bank balances20.1940.6614.352.6029.0445.4128.23
Loans & advances85.9919181.4313619014.62219
Total current assets2803632262974191,2181,265
Total current liabilities69.2345.3034.5533.6215.4483.2842.73
Net working capital2113181912634041,1351,222
Total assets1,1511,1541,0241,0441,0401,4541,607
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash36.5812.781.9213.3528.968.9642.93
Net cash from operating activities(99.53)(23.83)51.9528.07915(121)76.92
Net cash from investing activities123(24.78)(4.60)(38.14)(545)69.6685.46
Net cash from financing activities(44.71)72.41(36.49)(1.36)(385)71.48(196)
Net change in cash(21.20)23.8010.86(11.43)(15.61)20.00(33.97)
Closing cash20.1940.6614.352.6029.0445.4128.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+8.2%+6.4%-0.6%-73.4%-36.8%-28.4%-
EBITDA growth+55.3%-1249.1%+73.0%-9045.8%+99.0%+45.9%-
PBT growth-29.1%+328.1%+341.1%-68.6%-16.1%-77.2%+202.2%
Net income growth+181.6%-274.0%+146.0%+18.5%+111.0%-186.3%-
Revenue CAGR (3Y)+4.6%-34.5%-44.9%-50.6%-30.6%-26.1%-18.2%
EBITDA CAGR (3Y)+17.7%+593.4%-37.0%-20.6%-74.4%--
Profitability & leverage
Net income margin+10.6%+17.6%+4.3%+0.5%+0.5%+0.6%+1.4%
Return on capital employed--1.0%+1.5%+1.1%+2.4%+0.2%+5.4%
Return on net worth--1.7%+1.0%+0.4%+0.4%-3.3%+3.8%
Debt / equity-0.100.080.100.320.660.80
Long-term debt / equity-0.040.070.050.030.010.00
Interest cover-17.05-6.69-55.66-19.64-882.76-128.90-78.13
Efficiency & per share
Fixed asset turnover-5.095.225.0718.0228.8141.67
Inventory turnover-54.0459.8542.37205.52401.66212.95
Debtors turnover-2.442.051.671.601.572.05
EPS (β‚Ή)5.848.934.080.501.713.1411.40
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.00170.16322.52318.44317.94316.23302.80

Web traffic of Pan Parag

The website of Pan Parag (panparag.com) receives about 3.5K visits a month.

  • Monthly visits
    3.5K

    ▼ 45.2% vs previous month

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Frequently Asked Questions about Pan Parag

Pan Parag was founded in 1973.

Pan Parag is headquartered in Kanpur, India. It is registered at Kanpur, Uttar Pradesh, India.

Pan Parag has 5 employees.

The primary company behind Pan Parag, Kothari Products Limited., reported revenue of β‚Ή1,108 Cr for FY 2026, up 5% year on year.

Pan Parag has been established as a leading brand in pan masala since its launch in 1973, with quality materials and innovative practices being utilized to maintain market dominance. The brand is guided by the values of its founder, Late Shri Mansukhbhai Kothari, whose vision led to the creation of refreshing mouth fresheners that revitalize taste buds and promote freshness. Products are designed to reconnect users with sensory experiences, ensuring adherence to high standards of purity and taste. Over the years, contributions to the industry have been recognized through awards, reflecting a commitment to excellence that continues to influence operations.

Pan Parag offers Pan Masala and Flavored Products.

Yes, Pan Parag is publicly traded on NSE under the ticker symbol KOTHARIPRO.

Pan Parag operates through Kothari Products Limited..

The legal entities of Pan Parag currently have 8 directors, including Deepak Gambhirdas Gandhi, Raj Kumar Gupta, Mitesh Kothari and others.

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