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 ₹ 744 Cr.
- Current Price ₹ 2,325
- High / Low ₹ 2,990 / 1,765
- Stock P/E 8.35
- Book Value ₹ 927
- Dividend Yield 1.30 %
- ROCE 43.3 %
- ROE 34.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 36.5% 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: 23.2%
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
806 | 900 | 925 | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,650 | |
777 | 839 | 909 | 1,018 | 1,196 | 1,196 | 1,402 | 1,404 | 1,659 | 1,613 | 1,651 | 1,529 | |
Operating Profit | 29 | 60 | 16 | 29 | 108 | 13 | 26 | 139 | 11 | -3 | 32 | 120 |
OPM % | 4% | 7% | 2% | 3% | 8% | 1% | 2% | 9% | 1% | -0% | 2% | 7% |
1 | 12 | 2 | 2 | 5 | 6 | 4 | 15 | 3 | 7 | -0 | 11 | |
Interest | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 |
Depreciation | 4 | 6 | 4 | 3 | 4 | 3 | 3 | 2 | 3 | 4 | 5 | 6 |
Profit before tax | 23 | 64 | 12 | 26 | 109 | 15 | 26 | 150 | 9 | -3 | 24 | 123 |
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 | |
EPS in Rs | 48.03 | 136.34 | 23.69 | 51.12 | 217.59 | 29.47 | 59.06 | 352.91 | 20.53 | -7.44 | 55.03 | 285.34 |
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: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 36% |
3 Years: | 120% |
TTM: | 341% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 13% |
3 Years: | 5% |
1 Year: | 1% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
17 | 17 | 11 | 39 | 44 | 43 | 15 | 40 | 19 | 19 | 21 | 24 | |
30 | 49 | 32 | 30 | 42 | 25 | 33 | 51 | 39 | 35 | 32 | 36 | |
Total Liabilities | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 |
36 | 27 | 25 | 29 | 27 | 26 | 25 | 24 | 38 | 40 | 43 | 58 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 6 | 4 |
Investments | 0 | 0 | 0 | 35 | 83 | 43 | 66 | 116 | 47 | 66 | 37 | 113 |
59 | 111 | 90 | 92 | 119 | 128 | 99 | 193 | 194 | 159 | 192 | 182 | |
Total Assets | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 |
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 | 11 | 8 | 17 | 16 | 14 | 22 | 15 | 31 | 30 | 23 | 30 | 45 |
ROCE % | 39% | 72% | 15% | 27% | 70% | 10% | 17% | 66% | 5% | -1% | 13% | 43% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - KSE Limited's Annual Secretarial Compliance Report confirms full regulatory compliance for FY ended March 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Publication of Audited Financial results for the year/quarter ended 31.03.2025 in newspapers
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Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
27 May - KSE approved FY25 results, proposed ₹50 final dividend and 1:10 stock split, subject to shareholder approval.
- Audited Financial Results For Quarter/Year Ended 31St March 2025 27 May
-
Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The SEBI (LODR) Regulations, 2015
22 May - Board meeting on May 27 to approve FY25 results, dividend, stock split proposal, and capital clause amendment.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
KSE is a National Productivity Council-certified manufacturer of compound cattle feed and undertakes solvent extraction. It also operates in milk procurement and processing, in various
districts of Kerala and has an exclusive distribution network of over 700 dealers, and customer support services viz. on-call veterinary doctors, etc.