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 ₹ 904 Cr.
- Current Price ₹ 366
- High / Low ₹ 617 / 24.3
- Stock P/E 1,160
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE 8.76 %
- ROE 7.08 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 29.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.00%
- Working capital days have increased from 221 days to 310 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
Sector: Realty Industry: Construction
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 0.19 | 0.48 | 1.16 | 8.41 | 15.19 | |
| 0.15 | 0.51 | 1.16 | 3.75 | 14.09 | |
| Operating Profit | 0.04 | -0.03 | 0.00 | 4.66 | 1.10 |
| OPM % | 21.05% | -6.25% | 0.00% | 55.41% | 7.24% |
| 0.00 | 0.09 | 0.04 | 0.68 | 0.25 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.09 | 0.09 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.18 | 0.19 |
| Profit before tax | 0.02 | 0.04 | 0.02 | 5.07 | 1.07 |
| Tax % | 50.00% | 25.00% | 50.00% | 28.40% | 27.10% |
| 0.01 | 0.04 | 0.01 | 3.63 | 0.78 | |
| EPS in Rs | 0.50 | 2.00 | 0.50 | 181.50 | 0.32 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 216% |
| TTM: | 81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 169% |
| TTM: | -79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 1407% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 3.53 | 3.53 |
| Reserves | -0.86 | -0.82 | -0.81 | 2.82 | 15.64 | 22.14 |
| 2.11 | 1.98 | 2.64 | 2.32 | 2.15 | 1.66 | |
| 0.93 | 1.24 | 1.89 | 3.90 | 10.24 | 41.44 | |
| Total Liabilities | 2.21 | 2.43 | 3.75 | 9.07 | 31.56 | 68.77 |
| 0.06 | 0.05 | 1.11 | 1.02 | 1.04 | 0.96 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.17 | 0.05 | 0.00 | 0.00 | 0.00 |
| 2.15 | 2.21 | 2.59 | 8.05 | 30.52 | 67.81 | |
| Total Assets | 2.21 | 2.43 | 3.75 | 9.07 | 31.56 | 68.77 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 0.36 | 0.24 | 0.80 | 2.30 | -9.62 | |
| -0.08 | -0.11 | -0.96 | 0.58 | 0.04 | |
| -0.03 | -0.13 | 0.66 | 0.10 | 15.18 | |
| Net Cash Flow | 0.25 | 0.00 | 0.49 | 2.98 | 5.60 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 115.26 | 45.62 | 18.88 | 77.25 | 37.49 |
| Inventory Days | 519.85 | 438.46 | |||
| Days Payable | 5.53 | 0.00 | |||
| Cash Conversion Cycle | 115.26 | 45.62 | 18.88 | 591.57 | 475.95 |
| Working Capital Days | 2,670.26 | 958.12 | 270.60 | 81.59 | 310.21 |
| ROCE % | 3.24% | 1.31% | 146.80% | 8.76% |
Documents
Announcements
- Revised Compliance Certificate For The Period Ended March 31, 2024 9 Apr
- Certificate Under Regulation 40 (9) Of SEBI (LODR) Regulations, 2015 For Year Ended On March 31, 2024. 8 Apr
- Compliance Certificate Pursuant To Regulation 7 (3) Of SEBI (LODR) Regulations, 2015. 8 Apr
- Compliances-Reg.24(A)-Annual Secretarial Compliance 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
Business Overview:[1]
Kesar Lands is a real estate development
company that focuses on leisure & luxury
family residential and commercial projects. The company is ISO–9001:2008 certified and
is a member of the Confederation of Real Estate Developers’ Associations of India (CREDAI), Indian Green Building Council (IGBC) & Builders Association of India (BAI)