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 ₹ 3,943 Cr.
- Current Price ₹ 1,212
- High / Low ₹ 1,341 / 850
- Stock P/E 84.7
- Book Value ₹ 113
- Dividend Yield 0.00 %
- ROCE 24.2 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- 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 27.2%
Cons
- Stock is trading at 10.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.01%
- Company might be capitalizing the interest cost
- Working capital days have increased from 124 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 | 171 | |
| Sales growth | +153% | +142% | +625% | +81% | +246% | +53% | +82% | +185% | |
| 0 | 1 | 1 | 4 | 14 | 39 | 55 | 104 | 106 | |
| Operating Profit | 0 | -0 | 0 | 5 | 1 | 14 | 26 | 43 | 65 |
| OPM % | 21% | -6% | 0.0% | 55% | 7% | 27% | 32% | 29% | 38% |
| 0 | 0 | 0 | 1 | 0 | 1 | 2 | 4 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
| Profit before tax | 0 | 0 | 0 | 5 | 1 | 14 | 25 | 40 | 62 |
| Tax % | 50% | 25% | 50% | 28% | 27% | 28% | 26% | 26% | |
| 0 | 0 | 0 | 4 | 1 | 10 | 19 | 30 | 47 | |
| EPS in Rs | 0.00 | 0.02 | 0.00 | 1.82 | 0.32 | 4.07 | 7.60 | 10.37 | 15.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 163% |
| 3 Years: | 113% |
| TTM: | 185% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 395% |
| 3 Years: | 236% |
| TTM: | 968% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 125% |
| 1 Year: | 41% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 4 | 25 | 25 | 29 | 33 |
| Reserves | -1 | -1 | -1 | 3 | 16 | 5 | 23 | 219 | 337 |
| 2 | 2 | 3 | 2 | 2 | 22 | 30 | 32 | 78 | |
| 1 | 1 | 2 | 4 | 10 | 48 | 14 | 72 | 49 | |
| Total Liabilities | 2 | 2 | 4 | 9 | 32 | 99 | 92 | 352 | 496 |
| 0 | 0 | 1 | 1 | 1 | 1 | 6 | 7 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 25 | 6 |
| 2 | 2 | 3 | 8 | 31 | 96 | 85 | 319 | 481 | |
| Total Assets | 2 | 2 | 4 | 9 | 32 | 99 | 92 | 352 | 496 |
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 | 2 | -113 | |
| -0 | -0 | -1 | 1 | 0 | -1 | -5 | -56 | |
| -0 | -0 | 1 | 0 | 15 | 19 | 4 | 170 | |
| Net Cash Flow | 0 | 0 | 0 | 3 | 6 | 27 | 1 | 1 |
| Free Cash Flow | 0 | 0 | -0 | 2 | -10 | 9 | -2 | -118 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 900% | -800% | 51% | -756% | 68% | 30% | -252% |
Ratios
Standalone / 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 | 3 | 31 |
| Inventory Days | 520 | 438 | 731 | |||||
| Days Payable | 6 | 0 | 378 | |||||
| Cash Conversion Cycle | 115 | 46 | 19 | 592 | 476 | 370 | 3 | 31 |
| Working Capital Days | 2,670 | 958 | 271 | 82 | 310 | -56 | 52 | 374 |
| ROCE % | 3% | 1% | 147% | 9% | 39% | 40% | 24% |
Insights
In beta| Mar 2019 | Mar 2020 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Total Stock of Land (Inventory) INR Lacs |
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| Number of Permanent Employees Count |
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| Total Projects in Pipeline Count |
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| Project Pipeline GDV INR Crores |
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| Land Bank - Additional Development Potential msf (million sq ft) |
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| Total Forthcoming Saleable Area msf (million sq ft) |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Outcome Of Board Meeting
- Board approved audited Q2/H1 FY27 results; standalone PAT Rs1,837.74 lakh on revenue of Rs5,412.86 lakh.
-
Statement Of Utilization Of The Proceeds Of The Preferential Issue Of The Company.
- No deviation in utilization of preferential issue proceeds for quarter and half year ended September 30, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On November 04, 2026
- Board approved audited standalone and consolidated results for Q2/H1 FY27 ended September 30, 2026.
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Board Meeting Intimation for The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended September 30, 2026
- Board meeting on November 4, 2026 to approve Q2 FY2026-27 audited standalone and consolidated results.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
Concalls
-
May 2026PPT
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