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 ₹ 657 Cr.
- Current Price ₹ 205
- High / Low ₹ 285 / 174
- Stock P/E 5.36
- Book Value ₹ 110
- Dividend Yield 3.90 %
- ROCE 42.9 %
- ROE 34.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.90%.
- 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: 22.9%
* 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
Part of BSE Fast Moving Consumer Goods
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: | -1% |
| 3 Years: | 7% |
| 1 Year: | 3% |
| 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 |
| Free Cash Flow | 19 | 47 | -7 | 17 | 62 | -15 | 33 | 37 | -13 | 21 | -23 | 128 |
| CFO/OP | 95% | 91% | 11% | 107% | 92% | 29% | 149% | 45% | 118% | -1,152% | -39% | 145% |
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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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2 Apr - KSE Ltd confirms it is not a Large Corporate; SEBI debt disclosure requirements are not applicable for FY2025-26.
-
Disclosure Under Regulation 31(4) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 For The Financial Year Ended On March 31, 2026
2 Apr - KSE files Regulation 31(4) disclosure for FY ended March 31, 2026.
- Closure of Trading Window 24 Mar
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Results published in newspapers for the quarter/nine months ended 31.12.2025
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
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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
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.