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 ₹ 1,522 Cr.
- Current Price ₹ 616
- High / Low ₹ 1,143 / 476
- Stock P/E 78.6
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 41.8 %
- ROE 48.9 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 177 days to 132 days
Cons
- Stock is trading at 31.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 39.0 to 57.8 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 15 | 53 | 108 | |
| 14 | 39 | 82 | |
| Operating Profit | 1 | 15 | 25 |
| OPM % | 7% | 28% | 24% |
| 0 | 1 | 2 | |
| Interest | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 1 |
| Profit before tax | 1 | 15 | 26 |
| Tax % | 27% | 27% | 25% |
| 1 | 11 | 19 | |
| EPS in Rs | 0.32 | 4.39 | 7.83 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 102% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 49% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 4 | 25 | 25 |
| Reserves | 16 | 5 | 24 |
| 2 | 22 | 27 | |
| 10 | 48 | 35 | |
| Total Liabilities | 32 | 100 | 111 |
| 1 | 1 | 3 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 2 | 0 |
| 31 | 97 | 109 | |
| Total Assets | 32 | 100 | 111 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -10 | 9 | -8 | |
| 0 | -1 | 1 | |
| 15 | 19 | 4 | |
| Net Cash Flow | 6 | 27 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 37 | 22 | 58 |
| Inventory Days | 438 | 731 | 252 |
| Days Payable | 0 | 378 | 95 |
| Cash Conversion Cycle | 476 | 375 | 215 |
| Working Capital Days | 310 | 88 | 132 |
| ROCE % | 41% | 42% |
Documents
Announcements
-
Purchase Of Total Land Admeasuring 19.11 Hectares (47.218 Acres) At Nagpur, Maharashtra.
2d - Acquired total 19.11 hectares land in Nagpur, Maharashtra as of May 21, 2025.
-
Appointment Of Secretarial Auditors And Internal Auditors Of The Company.
2d - Audited FY25 financial results approved; auditors re-appointed; unmodified audit opinion issued.
- Results - Financial Results March 31, 2024 2d
-
Board Meeting Outcome for Outcome Of Board Meeting
2d - Audited FY25 financial results approved; auditors re-appointed for FY25-30; unmodified audit opinion received.
-
Purchase Of Total Land Admeasuring 17.79 Hectares (43.957 Acres) At Nagpur, Maharashtra.
16 May - Acquired total 17.79 hectares land in Nagpur, Maharashtra as of May 16, 2025.
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