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 ₹ 1,506 Cr.
- Current Price ₹ 609
- High / Low ₹ 1,143 / 444
- Stock P/E 72.3
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 41.0 %
- ROE 44.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 29.6 to 21.8 days.
- Company's working capital requirements have reduced from 199 days to 88.0 days
Cons
- Stock is trading at 32.4 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
Sector: Realty Industry: Construction
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 15 | 53 | 83 | |
| 14 | 39 | 56 | |
| Operating Profit | 1 | 15 | 27 |
| OPM % | 7% | 28% | 33% |
| 0 | 1 | 2 | |
| Interest | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 1 | 15 | 28 |
| Tax % | 27% | 27% | |
| 1 | 11 | 21 | |
| EPS in Rs | 0.32 | 4.39 | 8.42 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 252% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1290% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 44% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 4 | 25 | 25 |
| Reserves | 16 | 5 | 22 |
| 2 | 22 | 21 | |
| 10 | 48 | 36 | |
| Total Liabilities | 32 | 100 | 103 |
| 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 2 | 4 |
| 31 | 97 | 98 | |
| Total Assets | 32 | 100 | 103 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -10 | 9 | |
| 0 | -1 | |
| 15 | 19 | |
| Net Cash Flow | 6 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 37 | 22 |
| Inventory Days | 438 | 731 |
| Days Payable | 0 | 378 |
| Cash Conversion Cycle | 476 | 375 |
| Working Capital Days | 310 | 88 |
| ROCE % | 41% |
Documents
Announcements
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
26 Apr - Kesar India confirms it is not a 'Large Corporate' under SEBI criteria for FY ending March 2025.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
26 Apr - Kesar India confirms it is not a Large Corporate as per SEBI criteria for FY 2024-25.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on March 31, 2025.
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (LODR) Regulations, 2015. 7 Apr
- Closure of Trading Window 25 Mar
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