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 ₹ 1,664 Cr.
- Current Price ₹ 673
- High / Low ₹ 1,143 / 476
- Stock P/E 93.5
- Book Value ₹ 19.4
- Dividend Yield 0.00 %
- ROCE 39.6 %
- ROE 46.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 239% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%
- Company's working capital requirements have reduced from 104 days to 56.9 days
Cons
- Stock is trading at 34.8 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 | 25 |
| 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: | 239% |
| 3 Years: | 70% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 169% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| Last Year: | 46% |
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 | 57 |
| ROCE % | 3% | 1% | 147% | 9% | 39% | 40% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Aug - Newspaper Publication - 21st Annual General Meeting and E-voting information etc.
- Reg. 34 (1) Annual Report. 6 Aug
- Annual Report - 2025 & Notice Of 21St Annual General Meeting 6 Aug
-
Outcome Of The Meeting Of The Preferential Issue Committee Of Board Of Kesar India Limited ('The Company')
4 Aug - Kesar India approves preferential issue of warrants and shares worth ₹291.72 crore, pending AGM approval.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Aug - Kesar India ranks 6th nationally for 250% revenue growth in 2025 Hurun Real Estate 150 list.
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