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 ₹ 1,730 Cr.
- Current Price ₹ 700
- High / Low ₹ 1,143 / 476
- Stock P/E 92.9
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 40.2 %
- ROE 47.1 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 102 days to 46.6 days
Cons
- Stock is trading at 35.2 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
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: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 179% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 47% |
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 | -50 | 47 |
| ROCE % | 41% | 40% |
Documents
Announcements
-
Disclosure Pursuant To Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011.
22 Sep - Preferential allotment on Sept 18, 2025: 64,76,559 +12,57,142 warrants and 86,856 shares; diluted capital to 3,25,33,357.
-
Announcement under Regulation 30 (LODR)-Allotment
18 Sep - Allotment of 64.76L and 12.57L warrants plus 86,856 shares at Rs.350 each on Sep 18, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting
8 Sep - Appointed Ishwar Lal and Akshay Vinod Parmar as independent directors for five years effective Sept 08, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
8 Sep - Appointed Ishwar Lal and Akshay Vinod Parmar as independent directors effective Sept 08, 2025 for five-year terms.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
29 Aug - 21st AGM on Aug 28, 2025; 13 resolutions passed; 360 shareholders on record; e-voting results enclosed.
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