Kesar Enterprises Ltd

₹ 108 -0.69%

26 Apr - close price

About

Incorporated in 1933, Kesar Enterprises Ltd deals in the production of Sugar, Spirit, Ethanol, Bagasse based Power^[1]

Key Points

Business Overview:^[1]
Company is part of the Kilachand Group which deals in sugar, distillery, renewable energy, storage and other agro product. KEL does production of sugar, power and spirit. It has entered into a Power Purchase Agreement with Uttar Pradesh Power Corp for sale of power for 20 years. Company also produces open pollinated and hybrid seeds under brand name Kesar seeds and has in-house research division at Hyderabad where seeds are developed

Website BSE

Market Cap ₹ 108 Cr.
Current Price ₹ 108
High / Low ₹ 166 / 70.4
Stock P/E
Book Value ₹ 29.5
Dividend Yield 0.00 %
ROCE -9.25 %
ROE -53.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 3.65 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of 6.35% over last 3 years.
Contingent liabilities of Rs.60.6 Cr.
Company's cost of borrowing seems high

* 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: Sugar Industry: Sugar

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	160.59	205.63	115.02	47.08	119.34	187.73	147.33	62.41	146.72	196.30	133.43	54.36	164.09
	161.01	177.59	110.01	59.90	114.54	172.05	144.62	77.91	157.95	171.69	128.56	69.43	162.22
Operating Profit	-0.42	28.04	5.01	-12.82	4.80	15.68	2.71	-15.50	-11.23	24.61	4.87	-15.07	1.87
OPM %	-0.26%	13.64%	4.36%	-27.23%	4.02%	8.35%	1.84%	-24.84%	-7.65%	12.54%	3.65%	-27.72%	1.14%
	0.22	103.14	0.55	0.71	0.18	1.27	0.40	0.71	0.12	0.42	0.42	0.16	-0.33
Interest	6.78	7.09	7.12	6.91	7.06	4.63	7.99	6.27	7.17	5.89	6.48	7.61	6.25
Depreciation	4.81	4.67	4.41	3.54	6.23	4.19	4.36	4.41	5.58	4.65	4.33	4.45	4.48
Profit before tax	-11.79	119.42	-5.97	-22.56	-8.31	8.13	-9.24	-25.47	-23.86	14.49	-5.52	-26.97	-9.19
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-11.79	119.42	-5.97	-22.57	-8.31	7.96	-9.23	-25.46	-23.85	14.50	-5.52	-26.97	-9.19
EPS in Rs	-11.70	118.48	-5.92	-22.39	-8.24	7.90	-9.16	-25.26	-23.66	14.39	-5.48	-26.76	-9.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2011	Jun 2012	Jun 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	366	285	337	437	318	373	313	403	518	547	469	553	548
	340	271	305	478	300	309	300	381	475	517	457	552	532
Operating Profit	25	14	32	-41	18	64	13	22	43	30	13	1	16
OPM %	7%	5%	10%	-9%	6%	17%	4%	5%	8%	6%	3%	0%	3%
	1	-12	2	2	1	1	1	2	3	106	3	1	1
Interest	20	19	36	57	42	41	43	45	25	27	26	27	26
Depreciation	6	6	15	24	26	19	18	19	18	19	18	19	18
Profit before tax	0	-22	-17	-120	-49	6	-47	-40	2	90	-29	-44	-27
Tax %	-742%	10%	0%	0%	-8%	1%	0%	0%	0%	0%	-1%	0%
	4	-20	-17	-120	-53	6	-47	-40	2	90	-29	-44	-27
EPS in Rs	5.32	-29.40	-19.35	-120.03	-52.80	6.11	-46.35	-39.90	2.27	89.12	-28.66	-43.71	-26.97
Dividend Payout %	19%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	12%
3 Years:	2%
TTM:	1%

Compounded Profit Growth
10 Years:	%
5 Years:	1%
3 Years:	%
TTM:	46%

Stock Price CAGR
10 Years:	19%
5 Years:	29%
3 Years:	30%
1 Year:	33%

Return on Equity
10 Years:	-22%
5 Years:	-5%
3 Years:	6%
Last Year:	-53%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2011	Jun 2012	Jun 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	7	7	9	10	10	10	10	10	10	10	10	10	10
Reserves	25	237	222	94	41	147	93	46	43	124	95	50	20
Preference Capital	2	1	1	0	0	0	0	0	0	0	0	0
	207	349	431	338	314	324	342	357	323	113	97	93	28
	43	133	141	141	187	118	155	239	254	381	422	436	420
Total Liabilities	282	725	802	583	552	599	600	652	631	629	624	588	479
	58	289	486	450	426	485	467	451	463	433	457	439	431
CWIP	36	189	1	1	0	0	0	14	5	17	1	2	2
Investments	1	1	1	1	1	20	13	9	2	12	10	5	6
	187	247	315	131	126	93	119	178	162	167	156	143	39
Total Assets	282	725	802	583	552	599	600	652	631	629	624	588	479

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2011	Jun 2012	Jun 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	102	33	-22	138	66	20	18	31	79	63	52	12
	-32	-157	-26	2	-1	2	-1	-16	-19	-22	-24	3
	-75	125	55	-148	-61	-27	-15	-15	-52	-25	-27	-34
Net Cash Flow	-4	0	7	-7	4	-5	1	-0	8	16	1	-19

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2011	Jun 2012	Jun 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	15	19	68	13	40	36	34	49	34	23	15	6
Inventory Days	195	360	341	74	109	34	115	129	84	75	97	82
Days Payable	17	159	160	90	219	114	158	199	161	165	198	189
Cash Conversion Cycle	193	220	248	-3	-70	-43	-9	-21	-43	-67	-86	-100
Working Capital Days	120	113	146	-21	-122	-233	-327	-293	-246	-198	-277	-238
ROCE %	7%	2%	3%	-11%	-2%	11%	-1%	1%	7%	38%	-1%	-9%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	70.57%	70.57%	70.57%	70.98%	70.98%	70.97%	70.97%	70.97%	70.97%	70.97%	70.97%	70.97%
	4.05%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%
	25.39%	27.68%	27.68%	27.27%	27.27%	27.28%	27.27%	27.28%	27.27%	27.28%	27.28%	27.28%
No. of Shareholders	4,367	5,036	4,987	4,964	5,209	5,153	5,033	4,933	4,757	4,465	4,339	4,406

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	70.01%	69.23%	69.23%	70.47%	70.57%	70.98%	70.97%	70.97%
	5.12%	5.12%	5.12%	5.12%	4.05%	1.75%	1.75%	1.75%
	24.88%	25.65%	25.65%	24.41%	25.39%	27.27%	27.28%	27.28%
No. of Shareholders	4,692	5,216	5,092	4,987	4,607	4,964	4,933	4,406

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kesar Enterprises Ltd

Kesar Enterprises Ltd

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Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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