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 / Q4-FY26 / risks
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Kotyark Industries · Material risks, their source context, and severity in the latest available quarter.
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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.