Kesar Petroproducts Ltd
Incorporated in 1990, Kesar Petroproducts Ltd manufactures and markets Organic Chemicals and Pigments[1]
- Market Cap ₹ 239 Cr.
- Current Price ₹ 24.7
- High / Low ₹ 35.0 / 20.0
- Stock P/E 14.3
- Book Value ₹ 16.1
- Dividend Yield 0.00 %
- ROCE 7.11 %
- ROE 7.08 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 42.1% CAGR over last 5 years
- Debtor days have improved from 59.8 to 46.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.37% over past five years.
- Company has a low return on equity of 3.79% over last 3 years.
- 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
Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 145 | 143 | 172 | 178 | 154 | 130 | 124 | 153 | 120 | 149 | 185 | 182 | |
| 151 | 138 | 127 | 146 | 139 | 149 | 127 | 118 | 145 | 113 | 147 | 169 | 155 | |
| Operating Profit | 2 | 7 | 16 | 26 | 39 | 6 | 3 | 6 | 8 | 7 | 2 | 16 | 27 |
| OPM % | 2% | 5% | 11% | 15% | 22% | 4% | 2% | 5% | 5% | 5% | 2% | 9% | 15% |
| 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 8 | 2 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 3 |
| Depreciation | 0 | 1 | 1 | 1 | 2 | 5 | 5 | 6 | 6 | 6 | 4 | 4 | 5 |
| Profit before tax | 2 | 7 | 15 | 25 | 38 | 0 | -3 | 1 | 3 | 1 | 5 | 13 | 21 |
| Tax % | 21% | 23% | 18% | 21% | 20% | 197% | -3% | 30% | 10% | 52% | -1% | 25% | |
| 2 | 5 | 12 | 20 | 31 | -0 | -3 | 0 | 3 | 0 | 5 | 10 | 17 | |
| EPS in Rs | 0.23 | 0.70 | 1.31 | 2.08 | 3.16 | -0.03 | -0.27 | 0.05 | 0.28 | 0.05 | 0.52 | 1.03 | 1.72 |
| Dividend Payout % | -0% | 14% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 42% |
| 3 Years: | 52% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 31% |
| 3 Years: | 69% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 7% |
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 | 7 | 7 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 2 | 38 | 57 | 79 | 109 | 109 | 106 | 107 | 109 | 110 | 115 | 134 | 146 |
| 6 | 7 | 9 | 5 | 0 | 8 | 8 | 16 | 21 | 50 | 55 | 73 | 62 | |
| 38 | 37 | 20 | 34 | 35 | 21 | 28 | 20 | 19 | 18 | 29 | 21 | 24 | |
| Total Liabilities | 54 | 90 | 96 | 127 | 154 | 147 | 152 | 152 | 158 | 188 | 209 | 238 | 242 |
| 10 | 37 | 36 | 39 | 43 | 43 | 41 | 51 | 49 | 47 | 56 | 64 | 62 | |
| CWIP | -0 | -0 | -0 | 0 | 9 | 13 | 13 | 3 | 11 | 46 | 52 | 56 | 78 |
| Investments | -0 | -0 | -0 | 1 | 5 | 8 | 30 | 37 | 23 | 23 | 20 | 19 | 18 |
| 44 | 53 | 60 | 87 | 96 | 83 | 68 | 62 | 75 | 71 | 82 | 99 | 84 | |
| Total Assets | 54 | 90 | 96 | 127 | 154 | 147 | 152 | 152 | 158 | 188 | 209 | 238 | 242 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -10 | -10 | 6 | 29 | -1 | 30 | 5 | -6 | 33 | -20 | 13 | |
| -3 | 1 | 0 | -4 | -26 | -10 | -22 | -8 | -9 | -42 | -4 | -15 | |
| -0 | 4 | 13 | -3 | -4 | 6 | 1 | 7 | 3 | 13 | 25 | 11 | |
| Net Cash Flow | -3 | -5 | 3 | -1 | -1 | -5 | 9 | 4 | -12 | 3 | 1 | 9 |
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 | 39 | 40 | 36 | 61 | 50 | 52 | 72 | 71 | 45 | 64 | 69 | 47 |
| Inventory Days | 4 | 13 | 45 | 57 | 76 | 67 | 70 | 51 | 48 | 83 | 79 | 97 |
| Days Payable | 100 | 105 | 59 | 90 | 84 | 56 | 91 | 67 | 51 | 64 | 77 | 40 |
| Cash Conversion Cycle | -57 | -52 | 23 | 28 | 43 | 62 | 51 | 55 | 43 | 84 | 71 | 104 |
| Working Capital Days | -10 | 27 | 85 | 99 | 90 | 99 | 36 | 14 | 50 | -17 | 34 | 31 |
| ROCE % | 15% | 20% | 23% | 31% | 37% | 2% | -1% | 1% | 2% | 1% | 3% | 7% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Alpha Blue Monthly Installed Capacity MT per month |
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| CPC Crude Blue Monthly Installed Capacity MT per month |
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| Domestic Copper Phthalocyanine Market Share % |
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| Pigment Green 7 Monthly Installed Capacity MT per month |
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| Number of Export Countries Count |
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| Beta Blue Monthly Installed Capacity MT per month |
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| Operating Cycle Days |
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| Alpha Blue Monthly Utilized Capacity MT per month |
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| Beta Blue Monthly Utilized Capacity MT per month |
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| CPC Crude Blue Monthly Utilized Capacity MT per month |
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| Installed Production Capacity (Phase-wise expansion) MT per month |
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| Revenue Mix - CPC Crude % |
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| Revenue Mix - Pigments % |
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| Utilized Production Capacity MT per month |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - The timing of the said meeting has been revised. Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Mar - Read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, we enclose herewith Schedule of Analyst or Institutional Investor Meeting hosted by …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Mar - Analyst meeting on 10 March 2026 at 12:00 PM; Bharat Connect Conference by Arihant Capital Markets, virtual Mumbai.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Feb - Submitted Q3 & 9M FY26 earnings presentation and transcript on 18-Feb-2026; Q3 revenue ₹50.49Cr, 9MFY26 revenue ₹142.02Cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - Newspaper cutings in connection with the UFR for the quarter ended 31.12.2025 in terms pf Regulation 30 & 47 of SEBI (LODR) Regulations, 2015.
Annual reports
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Financial Year 2025
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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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Concalls
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Feb 2026Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
Industry Position[1]
The company is a leading Indian manufacturer of pigments, specializing in Phthalocyanine Blue Crude and its downstream derivatives, with a 15% market share in India.