KSE Ltd

KSE Ltd

₹ 1,859 0.46%
12 Apr 4:01 p.m.
About

KSE Limited is engaged in the business of manufacturing ready mixed cattle feed, extraction of oil from oil cakes using solvent extraction method and processing of milk and milk products in the states of Kerala and Tamil Nadu. [1]

Key Points

Business Segments
Animal Feed Division: Products include cattle feed - K S Supreme pellet, K S Deluxe Plus pellet.
Oil Cake Processing Division: Products include refined solvent extracted coconut oil and deoiled coconut cake.
Dairy Division: Products include paneer, ghee, KS curd, KS milk, and Vesta ice creams.[1] [2]

  • Market Cap 595 Cr.
  • Current Price 1,859
  • High / Low 1,910 / 1,459
  • Stock P/E
  • Book Value 637
  • Dividend Yield 1.07 %
  • ROCE -0.91 %
  • ROE -1.68 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.53%
  • The company has delivered a poor sales growth of 4.30% over past five years.
  • Promoter holding is low: 24.5%
  • Company might be capitalizing the interest cost

* 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: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
398.86 409.99 403.59 437.05 419.76 409.66 409.75 393.74 410.92 395.48 424.37 436.54 406.00
361.41 371.96 395.69 444.83 417.22 401.27 412.34 387.94 412.47 400.36 425.70 437.38 398.19
Operating Profit 37.45 38.03 7.90 -7.78 2.54 8.39 -2.59 5.80 -1.55 -4.88 -1.33 -0.84 7.81
OPM % 9.39% 9.28% 1.96% -1.78% 0.61% 2.05% -0.63% 1.47% -0.38% -1.23% -0.31% -0.19% 1.92%
2.50 5.53 0.72 1.91 -0.85 1.36 0.96 1.44 2.31 1.98 1.31 0.94 -3.96
Interest 0.37 0.42 0.46 0.46 0.50 0.47 0.53 0.52 0.52 0.52 0.53 0.75 0.98
Depreciation 0.61 0.64 0.62 0.69 0.81 0.91 0.91 0.97 1.21 1.27 1.02 1.05 1.33
Profit before tax 38.97 42.50 7.54 -7.02 0.38 8.37 -3.07 5.75 -0.97 -4.69 -1.57 -1.70 1.54
Tax % 24.79% 24.89% 25.99% 25.36% 81.58% 26.52% 25.08% 25.91% 24.74% 23.45% 33.76% 16.47% 25.97%
29.31 31.91 5.58 -5.24 0.08 6.16 -2.30 4.25 -0.73 -3.59 -1.05 -1.42 1.15
EPS in Rs 91.59 99.72 17.44 -16.38 0.25 19.25 -7.19 13.28 -2.28 -11.22 -3.28 -4.44 3.59
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
542 697 806 900 925 1,047 1,304 1,209 1,429 1,543 1,670 1,610 1,662
520 684 777 839 909 1,018 1,196 1,196 1,402 1,404 1,659 1,613 1,662
Operating Profit 23 13 29 60 16 29 108 13 26 139 11 -3 1
OPM % 4% 2% 4% 7% 2% 3% 8% 1% 2% 9% 1% -0% 0%
1 1 1 12 2 2 5 6 4 15 3 7 0
Interest 3 4 3 2 2 2 1 1 2 2 2 2 3
Depreciation 5 4 4 6 4 3 4 3 3 2 3 4 5
Profit before tax 16 7 23 64 12 26 109 15 26 150 9 -3 -6
Tax % 34% 30% 34% 32% 38% 37% 36% 36% 28% 25% 29% 20%
10 5 15 44 8 16 70 9 19 113 7 -2 -5
EPS in Rs 32.66 14.53 48.03 136.34 23.69 51.12 217.59 29.47 59.06 352.91 20.53 -7.44 -15.35
Dividend Payout % 34% 69% 42% 37% 84% 59% 28% 51% 34% 28% 97% -269%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 4%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -116%
Stock Price CAGR
10 Years: 23%
5 Years: 5%
3 Years: -7%
1 Year: 8%
Return on Equity
10 Years: 22%
5 Years: 15%
3 Years: 17%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 37 38 45 69 68 83 141 127 139 240 220 211 201
26 30 17 17 11 39 44 43 15 40 19 19 45
20 25 30 49 32 30 42 25 33 51 39 35 46
Total Liabilities 86 95 96 138 116 156 230 197 190 335 281 268 295
35 39 36 27 25 29 27 26 25 24 38 40 45
CWIP 1 0 0 0 0 0 0 0 1 2 2 3 3
Investments 0 0 0 0 0 35 83 43 66 116 47 66 4
50 56 59 111 90 92 119 128 99 193 194 159 243
Total Assets 86 95 96 138 116 156 230 197 190 335 281 268 295

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 9 19 36 -5 24 65 -13 35 34 4 34
-2 -8 -1 12 -1 -41 -53 37 -10 -42 55 -32
-5 -3 -19 -14 -21 18 -8 -26 -35 13 -50 -8
Net Cash Flow 2 -2 -1 35 -27 1 3 -1 -11 6 8 -6

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 34 29 26 33 33 30 31 30 24 50 40 31
Days Payable 4 6 5 8 4 3 5 3 2 6 5 4
Cash Conversion Cycle 30 23 22 25 30 27 26 28 22 44 36 27
Working Capital Days 14 13 11 8 17 16 14 22 15 31 30 23
ROCE % 31% 15% 39% 72% 15% 27% 70% 10% 17% 66% 5% -1%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
25.70% 25.72% 25.66% 25.64% 25.62% 25.61% 25.64% 25.53% 25.53% 25.49% 25.07% 24.53%
0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.08% 0.08%
74.20% 74.17% 74.24% 74.25% 74.27% 74.28% 74.24% 74.36% 74.36% 74.40% 74.85% 75.39%
No. of Shareholders 6,0496,1997,5306,8696,5426,3926,3056,3866,3436,2876,2796,292

* 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.

Click on the line-items to see the names of individual entities.

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