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 ₹ 3,553 Cr.
- Current Price ₹ 1,243
- High / Low ₹ 1,287 / 530
- Stock P/E 120
- 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 14.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.48%
- 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 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 8 | 15 | 53 | 81 | 147 | |
| 0 | 1 | 1 | 4 | 14 | 39 | 56 | 104 | |
| Operating Profit | 0 | -0 | 0 | 5 | 1 | 14 | 25 | 43 |
| OPM % | 21% | -6% | 0% | 55% | 7% | 27% | 30% | 29% |
| 0 | 0 | 0 | 1 | 0 | 1 | 2 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 1 | 14 | 25 | 40 |
| Tax % | 50% | 25% | 50% | 28% | 27% | 28% | 26% | 26% |
| 0 | 0 | 0 | 4 | 1 | 10 | 19 | 30 | |
| EPS in Rs | 0.50 | 2.00 | 0.50 | 181.50 | 0.32 | 4.07 | 7.49 | 10.37 |
| 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: | 271% |
| 1 Year: | 89% |
| 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Inventory - Stock of Land (Cost) ₹ in Lacs |
|
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| Number of Major Projects Number |
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| Inventory - Development Cost (WIP) ₹ in Lacs |
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| Completed Projects - Total Area sq. ft. |
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| Ongoing & Upcoming Projects - Total Area sq. ft. |
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| Project Completion Speed (ahead of schedule) Months |
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| Project Pipeline / Development Potential sq. ft. |
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Extracted by Screener AI
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting
18 Apr - Toshiba Jain resigned; Aditi Anup Deshmukh appointed Company Secretary and Compliance Officer from April 19, 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
18 Apr - Toshiba Jain resigns as Company Secretary; Aditi Anup Deshmukh appointed effective April 19, 2026.
-
Appointment of Company Secretary and Compliance Officer
18 Apr - Ms. Toshiba Jain resigns as Company Secretary; Ms. Aditi Anup Deshmukh appointed effective April 19, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Apr
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