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 ₹ 3,967 Cr.
- Current Price ₹ 1,269
- High / Low ₹ 1,297 / 610
- Stock P/E 133
- Book Value ₹ 87.2
- Dividend Yield 0.00 %
- ROCE 23.4 %
- ROE 20.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Cons
- Stock is trading at 14.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.76%
- Debtor days have increased from 67.7 to 124 days.
- Working capital days have increased from 125 days to 379 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 15 | 53 | 108 | 176 | |
| 14 | 39 | 82 | 133 | |
| Operating Profit | 1 | 15 | 25 | 43 |
| OPM % | 7% | 28% | 24% | 24% |
| 0 | 1 | 2 | 3 | |
| Interest | 0 | 0 | 1 | 4 |
| Depreciation | 0 | 0 | 1 | 3 |
| Profit before tax | 1 | 15 | 26 | 40 |
| Tax % | 27% | 27% | 25% | 24% |
| 1 | 11 | 19 | 30 | |
| EPS in Rs | 0.32 | 4.39 | 7.83 | 10.46 |
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 126% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 237% |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 246% |
| 1 Year: | 78% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 4 | 25 | 25 | 29 |
| Reserves | 16 | 5 | 24 | 221 |
| 2 | 22 | 27 | 44 | |
| 10 | 48 | 35 | 145 | |
| Total Liabilities | 32 | 100 | 111 | 439 |
| 1 | 1 | 3 | 9 | |
| CWIP | -0 | -0 | -0 | -0 |
| Investments | -0 | 2 | -0 | 31 |
| 31 | 97 | 109 | 399 | |
| Total Assets | 32 | 100 | 111 | 439 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -10 | 9 | -8 | -128 | |
| 0 | -1 | 1 | -52 | |
| 15 | 19 | 4 | 180 | |
| Net Cash Flow | 6 | 27 | -2 | 1 |
| Free Cash Flow | -10 | 9 | -11 | -133 |
| CFO/OP | -756% | 64% | -15% | -283% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 37 | 22 | 58 | 124 |
| Inventory Days | 438 | 731 | 252 | 412 |
| Days Payable | -0 | 378 | 95 | 351 |
| Cash Conversion Cycle | 476 | 375 | 215 | 185 |
| Working Capital Days | 310 | -50 | 47 | 379 |
| ROCE % | 41% | 40% | 23% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Total Projects in Pipeline Count |
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| Total Stock of Land (Inventory) INR Lacs |
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| Number of Permanent Employees 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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10h - Newspaper Publication for Notice of Extra-Ordinary General Meeting ("EGM").
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Notice Of Extra-Ordinary General Meeting Of The Members.
1d - EGM on Aug 25, 2026 to approve 17,31,752-share preferential issue for KLPL acquisition worth Rs 155.86 crore.
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Announcement under Regulation 30 (LODR)-Acquisition
2d - On July 30, 2026, Kesar India bought 20% more in Nexa Infraspace for Rs.20,000, raising stake to 30%.
-
Announcement under Regulation 30 (LODR)-Acquisition
29 Jul - Kesar India acquired 100% of Kesar Lands Private Limited for ₹155.86 crore via share swap.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Kesar India Limited In Terms Of The Provisions Of Regulation 30 Of The SEBI (LODR) Regulations, 2015.
29 Jul - Board approved preferential share-swap issue of up to 17,31,752 shares at Rs 900; EGM on August 25, 2026.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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