Kesar India Ltd
Incorporated in 2002, Kesar Lands Ltd is
in the business of real estate development and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".
- Market Cap ₹ 3,805 Cr.
- Current Price ₹ 1,218
- High / Low ₹ 1,340 / 610
- Stock P/E 129
- Book Value ₹ 86.6
- Dividend Yield 0.00 %
- ROCE 24.4 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 395% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
Cons
- Stock is trading at 14.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.62%
- Working capital days have increased from 125 days to 374 days
* 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 8 | 15 | 53 | 81 | 147 | 140 | |
| 0 | 1 | 1 | 4 | 14 | 39 | 56 | 104 | 102 | |
| Operating Profit | 0 | -0 | 0 | 5 | 1 | 14 | 25 | 43 | 38 |
| OPM % | 21% | -6% | 0.0% | 55% | 7% | 27% | 30% | 29% | 27% |
| 0 | 0 | 0 | 1 | 0 | 1 | 2 | 4 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 1 | 14 | 25 | 40 | 41 |
| Tax % | 50% | 25% | 50% | 28% | 27% | 28% | 26% | 26% | |
| 0 | 0 | 0 | 4 | 1 | 10 | 19 | 30 | 29 | |
| EPS in Rs | 0.50 | 2.00 | 0.50 | 181.50 | 0.32 | 4.07 | 7.49 | 10.37 | 10.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 163% |
| 3 Years: | 113% |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 395% |
| 3 Years: | 236% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 257% |
| 1 Year: | 82% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 27% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 4 | 25 | 25 | 29 |
| Reserves | -1 | -1 | -1 | 3 | 16 | 5 | 23 | 219 |
| 2 | 2 | 3 | 2 | 2 | 22 | 27 | 32 | |
| 1 | 1 | 2 | 4 | 10 | 48 | 21 | 72 | |
| Total Liabilities | 2 | 2 | 4 | 9 | 32 | 99 | 95 | 352 |
| 0 | 0 | 1 | 1 | 1 | 1 | 3 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 25 |
| 2 | 2 | 3 | 8 | 31 | 96 | 92 | 319 | |
| Total Assets | 2 | 2 | 4 | 9 | 32 | 99 | 95 | 352 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 2 | -10 | 9 | -10 | -113 | |
| -0 | -0 | -1 | 1 | 0 | -1 | 1 | -56 | |
| -0 | -0 | 1 | 0 | 15 | 19 | 4 | 170 | |
| Net Cash Flow | 0 | 0 | 0 | 3 | 6 | 27 | -5 | 1 |
| Free Cash Flow | 0 | 0 | -0 | 2 | -10 | 9 | -13 | -118 |
| CFO/OP | 900% | -800% | 51% | -756% | 68% | -25% | -252% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 115 | 46 | 19 | 77 | 37 | 17 | 6 | 31 |
| Inventory Days | 520 | 438 | 731 | 382 | 402 | |||
| Days Payable | 6 | 0 | 378 | 23 | 244 | |||
| Cash Conversion Cycle | 115 | 46 | 19 | 592 | 476 | 370 | 365 | 190 |
| Working Capital Days | 2,670 | 958 | 271 | 82 | 310 | -56 | 57 | 374 |
| ROCE % | 3% | 1% | 147% | 9% | 39% | 40% | 24% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Total Projects in Pipeline Count |
|
||||
| Total Stock of Land (Inventory) INR Lacs |
|||||
| Number of Permanent Employees Count |
|||||
| Project Pipeline GDV INR Crores |
|||||
| Land Bank - Additional Development Potential msf (million sq ft) |
|||||
| Total Forthcoming Saleable Area msf (million sq ft) |
|||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Crisil monitoring report for quarter ended June 30, 2026 shows preferential issue proceeds utilized, no deviation.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Board Meeting Outcome for Outcome Of Board Meeting Held On August 07, 2026.
- Board approved Q1 FY27 standalone and consolidated results, AGM notice, and directors’ report on August 7, 2026.
-
Statement Of Utilization Of The Proceeds Of The Preferential Issue Of The Company
- No deviation in preferential issue proceeds utilization for quarter ended June 30, 2026.
-
Board Meeting Intimation for The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended June 30, 2026
- Board meeting on August 7, 2026 to approve Q1 FY2027 unaudited results.
Annual reports
Concalls
-
May 2026TranscriptAI SummaryPPT
Business Overview:[1]
Kesar India is a real estate development company specializing in luxury residential, commercial, and leisure projects. The company is ISO 9001:2008 certified and a member of CREDAI, IGBC, NAREDCO, and BAI. It is focused on developing the Nagpur real estate market through various projects under six distinct business lines