Kesoram Industries Ltd

₹ 188 1.27%

24 May - close price

kesocorp.com BSE: 502937 NSE: KESORAMIND

About

Kesoram Industries Limited is a flagship company of B. K. Birla group. The Co is engaged in the manufacturing of Cement and Rayon, TP & Chemicals. ^[1]

Key Points

Business Segments
Cement (94% in FY24 vs 98% in FY22)- It manufactures cement under the brand “Birla Shakti Cement”. It sells premium cement under the brand “Birla Shakti ConQUerete”.

Website BSE NSE

Market Cap ₹ 5,830 Cr.
Current Price ₹ 188
High / Low ₹ 190 / 60.0
Stock P/E
Book Value ₹ 3.05
Dividend Yield 0.00 %
ROCE 11.0 %
ROE -125 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 61.5 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 6.54% over past five years.
Company has a low return on equity of -38.1% over last 3 years.
Promoters have pledged 51.1% of their holding.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cement Industry: Cement - North India

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	862	855	843	876	1,032	891	845	986	1,055	999	954	961	1,074
	746	685	709	766	934	861	793	906	947	894	885	859	997
Operating Profit	115	170	134	110	98	30	52	80	108	105	69	102	76
OPM %	13%	20%	16%	13%	9%	3%	6%	8%	10%	10%	7%	11%	7%
	-203	6	13	8	-12	26	15	-159	15	7	12	10	-29
Interest	46	122	128	128	124	111	110	25	123	116	119	130	124
Depreciation	34	28	28	28	28	27	25	107	26	31	32	33	40
Profit before tax	-168	26	-9	-38	-66	-81	-67	-211	-25	-35	-71	-51	-117
Tax %	157%	50%	-36%	15%	31%	25%	12%	77%	-4%	8%	18%	5%	-109%
	96	13	-12	-32	-46	-61	-59	-48	-26	-32	-58	-49	-244
EPS in Rs	3.94	0.52	-0.49	-1.31	-1.90	-2.51	-1.90	-1.54	-0.84	-1.04	-1.88	-1.57	-7.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	3,882	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987
	3,319	3,844	3,943	2,872	2,417	2,278	3,094	3,507	3,635
Operating Profit	562	-3	-70	32	229	375	512	271	352
OPM %	14%	-0%	-2%	1%	9%	14%	14%	7%	9%
	80	172	79	57	40	-148	14	-103	-1
Interest	121	283	443	357	344	276	502	450	488
Depreciation	112	136	146	108	113	118	112	103	137
Profit before tax	409	-250	-580	-375	-188	-167	-87	-385	-274
Tax %	7%	3%	0%	3%	0%	184%	11%	50%	-40%
	379	-242	-578	-363	-188	140	-77	-194	-384
EPS in Rs	23.23	-13.90	-28.31	-17.15	-8.85	5.72	-3.18	-6.25	-12.36
Dividend Payout %	7%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	7%
3 Years:	15%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	0%
3 Years:	%
TTM:	-1546%

Stock Price CAGR
10 Years:	13%
5 Years:	27%
3 Years:	37%
1 Year:	208%

Return on Equity
10 Years:	%
5 Years:	-22%
3 Years:	-38%
Last Year:	-125%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	46	117	137	143	143	165	244	311	311
Reserves	1,300	680	307	-30	-240	33	266	163	-216
Preference Capital	0	0	0	0	0	74	91	37
	2,142	3,297	4,099	3,187	2,237	1,962	1,811	1,902	2,270
	835	1,238	1,574	1,671	1,072	1,072	1,111	1,059	1,011
Total Liabilities	4,322	5,333	6,117	4,970	3,212	3,232	3,433	3,435	3,376
	1,874	2,544	2,890	2,772	2,167	2,081	2,005	1,736	1,728
CWIP	865	730	790	800	31	33	49	65	34
Investments	49	71	720	82	70	77	74	82	80
	1,534	1,988	1,717	1,317	944	1,041	1,305	1,551	1,533
Total Assets	4,322	5,333	6,117	4,970	3,212	3,232	3,433	3,435	3,376

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	370	79	177	775	787	259	324	131	206
	-1,035	1,694	-1,137	354	-877	-150	-63	49	-16
	681	-2,117	662	-1,823	-218	201	-224	-248	-148
Net Cash Flow	16	-343	-298	-693	-308	309	36	-68	41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	36	50	54	74	27	42	32	36	43
Inventory Days	130	122	127	324	161	140	174	197	212
Days Payable	54	141	200	806	619	593	568	505	461
Cash Conversion Cycle	112	31	-19	-408	-431	-411	-362	-272	-206
Working Capital Days	72	27	11	-57	-89	-34	-9	3	6
ROCE %			-1%	-0%	6%	15%	19%	10%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	45.97%	45.97%	49.15%	49.15%	49.21%	43.40%	43.40%	43.40%	43.40%	43.40%	43.40%	43.34%
	0.09%	0.21%	0.32%	0.48%	0.00%	0.41%	0.62%	3.12%	3.78%	4.42%	7.18%	8.95%
	15.15%	13.81%	9.11%	9.09%	8.80%	12.79%	11.99%	11.40%	10.61%	10.78%	13.37%	12.82%
	0.21%	0.21%	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.06%
	38.58%	39.81%	41.28%	41.14%	41.99%	43.39%	43.99%	42.08%	42.20%	41.38%	36.01%	34.83%
No. of Shareholders	97,823	1,02,331	1,01,948	1,08,529	1,01,434	1,01,485	99,090	96,045	95,740	88,380	91,486	88,669

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.46%	51.39%	53.18%	53.13%	45.97%	49.15%	43.40%	43.34%
	4.94%	2.52%	1.46%	0.00%	0.03%	0.48%	3.12%	8.95%
	5.07%	4.39%	4.07%	3.74%	15.78%	9.09%	11.40%	12.82%
	0.00%	0.25%	0.24%	0.24%	0.21%	0.14%	0.00%	0.06%
	40.52%	41.46%	41.05%	42.89%	38.01%	41.14%	42.08%	34.83%
No. of Shareholders	89,763	86,675	87,572	87,048	87,660	1,08,529	96,045	88,669

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kesoram Industries Ltd

Kesoram Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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