OMC Tender Volume Stagnation
Despite capacity expansion, OMC tender quantities remain flat at ~15 crore liters per quarter versus ~5 crore liters monthly last year. Slow government mandate enforcement constrains volume growth.
KOTYARK / bear-case history
Track the concerns that keep returning.
Kotyark Industries · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Isobutanol Blending Policy Threat
Government considering 15% isobutanol blending in diesel, which could be 70-75% more expensive than biodiesel. Management believes this policy may not be viable given current pricing and limited domestic production capacity.
Inventory Pile-up & Feedstock Mismatch
Analyst raised concern about 150 crore inventory sitting at Kotyark and competitor Rajputana Biodiesel despite government citing unavailability of feed stock — indicating supply-demand mismatch rather than policy failure.
Legal Cases and Promoter Share Sales
Two legal matters pending — one involving seized raw materials (expected resolution next month with state support) and another Supreme Court case on penalty. Promoter group has been selling shares to reduce debt.