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 ₹ 1,760 Cr.
- Current Price ₹ 712
- High / Low ₹ 1,143 / 476
- Stock P/E 95.0
- Book Value ₹ 19.4
- Dividend Yield 0.00 %
- ROCE 41.3 %
- ROE 48.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 241% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.8%
- Company's working capital requirements have reduced from 104 days to 58.2 days
Cons
- Stock is trading at 36.8 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Half Yearly 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 | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 8 | 15 | 53 | 81 | |
| 0 | 1 | 1 | 4 | 14 | 39 | 56 | |
| Operating Profit | 0 | -0 | 0 | 5 | 1 | 14 | 24 |
| OPM % | 21% | -6% | 0% | 55% | 7% | 27% | 30% |
| 0 | 0 | 0 | 1 | 0 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 0 | 5 | 1 | 14 | 25 |
| Tax % | 50% | 25% | 50% | 28% | 27% | 28% | 26% |
| 0 | 0 | 0 | 4 | 1 | 10 | 19 | |
| EPS in Rs | 0.50 | 2.00 | 0.50 | 181.50 | 0.32 | 4.07 | 7.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 179% |
| 3 Years: | 112% |
| TTM: | 53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 241% |
| 3 Years: | 72% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 184% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| Last Year: | 48% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 4 | 25 | 25 |
| Reserves | -1 | -1 | -1 | 3 | 16 | 5 | 23 |
| 2 | 2 | 3 | 2 | 2 | 22 | 27 | |
| 1 | 1 | 2 | 4 | 10 | 48 | 21 | |
| Total Liabilities | 2 | 2 | 4 | 9 | 32 | 99 | 95 |
| 0 | 0 | 1 | 1 | 1 | 1 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| 2 | 2 | 3 | 8 | 31 | 96 | 92 | |
| Total Assets | 2 | 2 | 4 | 9 | 32 | 99 | 95 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 2 | -10 | 9 | -10 | |
| -0 | -0 | -1 | 1 | 0 | -1 | 1 | |
| -0 | -0 | 1 | 0 | 15 | 19 | 4 | |
| Net Cash Flow | 0 | 0 | 0 | 3 | 6 | 27 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 115 | 46 | 19 | 77 | 37 | 17 | 6 |
| Inventory Days | 520 | 438 | 731 | 382 | |||
| Days Payable | 6 | 0 | 378 | 23 | |||
| Cash Conversion Cycle | 115 | 46 | 19 | 592 | 476 | 370 | 365 |
| Working Capital Days | 2,670 | 958 | 271 | 82 | 310 | -56 | 58 |
| ROCE % | 3% | 1% | 147% | 9% | 39% | 41% |
Documents
Announcements
-
Outcome Of Meeting Of The Board Of Kesar India Limited ('The Company') In Accordance With Regulation 30 Of The Securities & Exchange Board Of India (LODR) Regulations, 2015.
1d - Board approved ESPS 2025 for 2 lakh shares with 1-year lock-in for employees and subsidiaries.
-
As per Regulation 30 & Schedule III Of The SEBI (LODR) Regulations, 2015
1d - Board approved revised remuneration for Chairman and MD, effective August 1, 2025, pending shareholder approval.
-
Board Meeting Outcome for Outcome Of Meeting Of The Board Of Kesar India Limited ('The Company') In Accordance With Regulation 30 Of The Securities & Exchange Board Of India (LODR) Regulations, 2015
1d - Kesar India approves ₹291.72 Cr preferential issue of warrants and shares to promoters and others.
-
Announcement under Regulation 30 (LODR)-Raising of Funds
1d - Board approved preferential issue of ₹291.72 crore via warrants and equity shares, subject to approvals.
-
Board Meeting Intimation for Intimation Of Postponement Of Board Meeting Scheduled To Be Held On Wednesday, July 30, 2025 To Friday, August 01, 2025.
30 Jul - Board meeting postponed to Aug 1 to consider fund raising via equity or convertible securities.
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