KSE Ltd
Incorporated in 1963, KSE Ltd manufactures ready mixed cattle feed, extracts oil from oil cakes using solvent extraction method, and processes milk and milk products[1]
- Market Cap ₹ 649 Cr.
- Current Price ₹ 203
- High / Low ₹ 285 / 180
- Stock P/E 5.30
- Book Value ₹ 110
- Dividend Yield 3.94 %
- ROCE 42.9 %
- ROE 34.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.94%.
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 2.92% over past five years.
- Promoter holding is low: 22.6%
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Animal Feed
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 806 | 900 | 925 | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,650 | 1,663 | |
| 777 | 839 | 909 | 1,018 | 1,196 | 1,196 | 1,402 | 1,404 | 1,659 | 1,613 | 1,651 | 1,529 | 1,503 | |
| Operating Profit | 29 | 60 | 16 | 29 | 108 | 13 | 26 | 139 | 11 | -3 | 32 | 120 | 160 |
| OPM % | 4% | 7% | 2% | 3% | 8% | 1% | 2% | 9% | 1% | -0% | 2% | 7% | 10% |
| 1 | 12 | 2 | 2 | 5 | 6 | 4 | 15 | 3 | 7 | -0 | 11 | 16 | |
| Interest | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 3 |
| Depreciation | 4 | 6 | 4 | 3 | 4 | 3 | 3 | 2 | 3 | 4 | 5 | 6 | 8 |
| Profit before tax | 23 | 64 | 12 | 26 | 109 | 15 | 26 | 150 | 9 | -3 | 24 | 123 | 166 |
| Tax % | 34% | 32% | 38% | 37% | 36% | 36% | 28% | 25% | 29% | -20% | 27% | 26% | |
| 15 | 44 | 8 | 16 | 70 | 9 | 19 | 113 | 7 | -2 | 18 | 91 | 123 | |
| EPS in Rs | 4.80 | 13.63 | 2.37 | 5.11 | 21.76 | 2.95 | 5.91 | 35.29 | 2.05 | -0.74 | 5.50 | 28.53 | 38.30 |
| Dividend Payout % | 42% | 37% | 84% | 59% | 28% | 51% | 34% | 28% | 97% | -269% | 55% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | 0% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 36% |
| 3 Years: | 120% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -2% |
| 3 Years: | 6% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 20% |
| 3 Years: | 15% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 45 | 69 | 68 | 83 | 141 | 127 | 139 | 240 | 220 | 211 | 222 | 294 | 348 |
| 17 | 17 | 11 | 39 | 44 | 43 | 15 | 40 | 19 | 19 | 21 | 24 | 24 | |
| 30 | 49 | 32 | 30 | 42 | 25 | 33 | 51 | 39 | 35 | 32 | 36 | 55 | |
| Total Liabilities | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 | 431 |
| 36 | 27 | 25 | 29 | 27 | 26 | 25 | 24 | 38 | 40 | 43 | 58 | 62 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 6 | 4 | 3 |
| Investments | 0 | 0 | 0 | 35 | 83 | 43 | 66 | 116 | 47 | 66 | 37 | 113 | 182 |
| 59 | 111 | 90 | 92 | 119 | 128 | 99 | 193 | 194 | 159 | 192 | 182 | 183 | |
| Total Assets | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 | 431 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 36 | -5 | 24 | 65 | -13 | 35 | 34 | 4 | 34 | -15 | 143 | |
| -1 | 12 | -1 | -41 | -53 | 37 | -10 | -42 | 55 | -32 | 24 | -118 | |
| -19 | -14 | -21 | 18 | -8 | -26 | -35 | 13 | -50 | -8 | -7 | -19 | |
| Net Cash Flow | -1 | 35 | -27 | 1 | 3 | -1 | -11 | 6 | 8 | -6 | 2 | 6 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 26 | 33 | 33 | 30 | 31 | 30 | 24 | 50 | 40 | 31 | 38 | 30 |
| Days Payable | 5 | 8 | 4 | 3 | 5 | 3 | 2 | 6 | 5 | 4 | 2 | 2 |
| Cash Conversion Cycle | 22 | 25 | 30 | 27 | 26 | 28 | 22 | 44 | 36 | 27 | 36 | 28 |
| Working Capital Days | 7 | 4 | 16 | 6 | 5 | 12 | 14 | 24 | 28 | 22 | 29 | 19 |
| ROCE % | 39% | 72% | 15% | 27% | 70% | 10% | 17% | 66% | 5% | -1% | 13% | 43% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cattle Feed Sales Volume Metric Tons |
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| Copra Cake Processed (Operational) Metric Tons |
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| Ice Cream Sales Volume Kilo Litres |
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| Number of Cattle Feed Dealers Count |
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| Market Share (Kerala - Cattle Feed) Percentage |
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| Total Monthly Installed Capacity (Feed) Metric Tons |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Results published in newspapers for the quarter/nine months ended 31.12.2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Results published in newspapers for the quarter/nine months ended 31.12.2025
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Announcement under Regulation 30 (LODR)-Resignation of Managing Director
14 Feb - MD M. P. Jackson resigns effective 1 April 2026; board delegates MD powers to three directors.
- Unaudited Financial Results For Quarter/ Nine-Month Ended 31St December 2025 Pursuant To Regulations 30, 33 And 47 Of SEBI (LODR) Regulations, 2015 14 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
14 Feb - Approved unaudited results; declared Rs5 interim dividend per share, record date 21-Feb-2026, pay by 16-Mar-2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
KSE is a National Productivity Council-certified manufacturer of compound cattle feed and dairy company based in the South India. It also operates in milk procurement and processing, in various districts of Kerala and Tamil Nadu and has an exclusive distribution network with over 700 dealers.