Kesoram Industries Ltd

₹ 174 1.54%

24 Apr 11:55 a.m.

kesocorp.com BSE: 502937 NSE : KESORAMIND

About

Kesoram Industries Limited is a flagship company of B. K. Birla group. The Co is engaged in the manufacturing of Cement and Rayon, TP & Chemicals. ^[1]

Key Points

Business Segments
Cement: The cement business is the primary business of the Co operated under the brand name, ‘Birla Shakti Cement’. The products include Birla Shakti Cement PPC, Birla Shakti Cement 43 Grade OPC, Birla Shakti Cement 53 Grade OPC and Birla Shakti Cement Shakti+.
Rayon, TP and Chemicals: The Co operates this business through its subsidiary, Cygnet Industries Ltd, under the brand name, ‘Kesoram Rayon’ covering the sale of rayon, transparent paper and filament yarn. ^[1]^[2]

Website BSE NSE

Market Cap ₹ 5,412 Cr.
Current Price ₹ 174
High / Low ₹ 183 / 59.2
Stock P/E
Book Value ₹ 10.2
Dividend Yield 0.00 %
ROCE 12.7 %
ROE -61.9 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 16.8 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -13.7% over last 3 years.
Promoters have pledged 51.1% of their holding.
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: Cement Industry: Cement - North India

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	788	804	834	875	1,027	822	786	929	996	949	894	894	1,004
	668	622	696	758	915	783	726	842	881	834	816	790	923
Operating Profit	119	182	138	117	111	39	59	87	116	115	78	104	80
OPM %	15%	23%	17%	13%	11%	5%	8%	9%	12%	12%	9%	12%	8%
	-276	6	-7	8	-123	26	13	-158	15	10	14	8	-54
Interest	38	117	123	123	119	104	103	100	116	109	112	123	118
Depreciation	29	23	22	23	23	22	20	19	21	26	27	28	34
Profit before tax	-224	47	-14	-20	-153	-61	-50	-190	-5	-10	-47	-39	-126
Tax %	118%	28%	-23%	29%	13%	33%	17%	86%	-19%	27%	27%	6%	-102%
	41	34	-17	-15	-133	-41	-41	-27	-6	-8	-35	-36	-253
EPS in Rs	1.68	1.39	-0.69	-0.60	-5.44	-1.69	-1.33	-0.88	-0.20	-0.25	-1.12	-1.16	-8.15
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	5,711	5,081	4,618	4,100	3,676	3,587	2,581	2,330	2,415	3,540	3,534	3,740
	5,399	4,795	4,500	4,378	3,653	3,656	2,558	2,101	2,021	2,991	3,233	3,363
Operating Profit	312	286	117	-277	24	-69	22	229	394	549	301	377
OPM %	5%	6%	3%	-7%	1%	-2%	1%	10%	16%	16%	9%	10%
	131	125	470	1,214	227	153	82	-308	-192	-116	-103	-22
Interest	514	573	681	678	282	421	283	315	246	482	423	462
Depreciation	306	318	274	122	123	128	88	91	96	91	82	115
Profit before tax	-377	-480	-367	137	-154	-466	-266	-486	-140	-140	-306	-222
Tax %	13%	-7%	0%	0%	-0%	0%	4%	0%	219%	7%	62%	-50%
	-329	-516	-367	137	-155	-464	-254	-486	167	-130	-116	-332
EPS in Rs	-20.20	-31.61	-22.48	7.87	-8.89	-22.72	-12.00	-22.92	6.82	-5.34	-3.72	-10.68
Dividend Payout %	-1%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	8%
3 Years:	16%
TTM:	6%

Compounded Profit Growth
10 Years:	4%
5 Years:	-4%
3 Years:	%
TTM:	-624%

Stock Price CAGR
10 Years:	12%
5 Years:	26%
3 Years:	44%
1 Year:	171%

Return on Equity
10 Years:	-47%
5 Years:	7%
3 Years:	-14%
Last Year:	-62%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	46	110	110	117	117	137	143	143	165	244	311	311
Reserves	534	361	-22	278	729	554	388	-115	182	362	338	7
Preference Capital	0	0	0	8	0	0	0	0	74	91	37
	5,079	4,908	5,192	5,263	3,267	3,460	2,948	1,999	1,775	1,612	1,698	2,046
	815	853	849	979	1,181	1,511	1,611	1,005	991	1,007	949	928
Total Liabilities	6,474	6,232	6,129	6,638	5,294	5,662	5,090	3,031	3,113	3,226	3,295	3,291
	3,447	3,227	1,547	1,402	2,030	2,365	2,261	1,670	1,598	1,543	1,290	1,291
CWIP	704	731	548	556	712	781	788	14	15	28	48	25
Investments	66	66	766	706	101	508	507	500	538	380	388	371
	2,256	2,208	3,267	3,974	2,452	2,008	1,534	848	962	1,275	1,569	1,603
Total Assets	6,474	6,232	6,129	6,638	5,294	5,662	5,090	3,031	3,113	3,226	3,295	3,291

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	449	428	519	210	119	215	756	759	256	336	180	275
	-173	-75	-42	519	1,681	-580	-84	-847	-225	-79	-16	-90
	-262	-360	-414	-426	-2,126	60	-1,323	-118	181	-229	-230	-144
Net Cash Flow	14	-6	63	303	-326	-306	-651	-206	212	28	-66	41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	53	65	61	49	49	54	79	27	42	33	37	43
Inventory Days	116	134	135	134	115	116	407	175	140	151	198	224
Days Payable	62	88	103	140	140	205	1,170	886	734	566	568	550
Cash Conversion Cycle	107	111	92	42	24	-35	-685	-685	-552	-382	-333	-284
Working Capital Days	36	23	118	144	80	49	-67	-103	-56	-17	-0	4
ROCE %	2%	2%	-2%	1%	0%	1%	0%	8%	19%	22%	12%

Shareholding Pattern

Numbers in percentages

1 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
	45.97%	45.97%	49.15%	49.15%	49.21%	43.40%	43.40%	43.40%	43.40%	43.40%	43.40%	43.34%
	0.09%	0.21%	0.32%	0.48%	0.00%	0.41%	0.62%	3.12%	3.78%	4.42%	7.18%	8.95%
	15.15%	13.81%	9.11%	9.09%	8.80%	12.79%	11.99%	11.40%	10.61%	10.78%	13.37%	12.82%
	0.21%	0.21%	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.06%
	38.58%	39.81%	41.28%	41.14%	41.99%	43.39%	43.99%	42.08%	42.20%	41.38%	36.01%	34.83%
No. of Shareholders	97,823	1,02,331	1,01,948	1,08,529	1,01,434	1,01,485	99,090	96,045	95,740	88,380	91,486	88,669

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.46%	51.39%	53.18%	53.13%	45.97%	49.15%	43.40%	43.34%
	4.94%	2.52%	1.46%	0.00%	0.03%	0.48%	3.12%	8.95%
	5.07%	4.39%	4.07%	3.74%	15.78%	9.09%	11.40%	12.82%
	0.00%	0.25%	0.24%	0.24%	0.21%	0.14%	0.00%	0.06%
	40.52%	41.46%	41.05%	42.89%	38.01%	41.14%	42.08%	34.83%
No. of Shareholders	89,763	86,675	87,572	87,048	87,660	1,08,529	96,045	88,669

* 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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Kesoram Industries Ltd

Kesoram Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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