KSE Ltd
Incorporated in 1963, KSE Ltd manufactures ready mixed cattle feed, extracts oil from oil cakes using solvent extraction method, and processes milk and milk products[1]
- Market Cap ₹ 567 Cr.
- Current Price ₹ 177
- High / Low ₹ 285 / 173
- Stock P/E 12.3
- Book Value ₹ 109
- Dividend Yield 7.05 %
- ROCE 33.6 %
- ROE 25.9 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 7.05%.
- Company has been maintaining a healthy dividend payout of 43.4%
Cons
- The company has delivered a poor sales growth of 1.72% over past five years.
- Promoter holding is low: 23.0%
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Animal Feed
Part of BSE Fast Moving Consumer Goods
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 900 | 925 | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,650 | 1,680 | 1,718 | |
| 839 | 909 | 1,018 | 1,196 | 1,196 | 1,402 | 1,404 | 1,659 | 1,613 | 1,651 | 1,529 | 1,571 | 1,659 | |
| Operating Profit | 60 | 16 | 29 | 108 | 13 | 26 | 139 | 11 | -3 | 32 | 120 | 110 | 60 |
| OPM % | 7% | 1.8% | 2.8% | 8% | 1.1% | 1.9% | 9% | 0.7% | -0.2% | 1.9% | 7% | 7% | 3.5% |
| 12 | 2 | 2 | 5 | 6 | 4 | 15 | 3 | 7 | -0 | 11 | 15 | 15 | |
| Interest | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 6 | 4 | 3 | 4 | 3 | 3 | 2 | 3 | 4 | 5 | 6 | 8 | 8 |
| Profit before tax | 64 | 12 | 26 | 109 | 15 | 26 | 150 | 9 | -3 | 24 | 123 | 114 | 63 |
| Tax % | 32% | 38% | 37% | 36% | 36% | 28% | 25% | 29% | -20% | 27% | 26% | 26% | |
| 44 | 8 | 16 | 70 | 9 | 19 | 113 | 7 | -2 | 18 | 91 | 84 | 46 | |
| EPS in Rs | 13.63 | 2.37 | 5.11 | 21.76 | 2.95 | 5.91 | 35.29 | 2.05 | -0.74 | 5.50 | 28.53 | 26.26 | 14.50 |
| Dividend Payout % | 37% | 84% | 59% | 28% | 51% | 34% | 28% | 97% | -269% | 55% | 28% | 48% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | 1% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | -5% |
| 3 Years: | 191% |
| TTM: | -58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | -5% |
| 3 Years: | 3% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 16% |
| 3 Years: | 24% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 69 | 68 | 83 | 141 | 127 | 139 | 240 | 220 | 211 | 222 | 294 | 346 |
| 17 | 11 | 39 | 44 | 43 | 15 | 40 | 19 | 19 | 21 | 24 | 25 | |
| 49 | 32 | 30 | 42 | 25 | 33 | 51 | 39 | 35 | 32 | 36 | 41 | |
| Total Liabilities | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 | 415 |
| 27 | 25 | 29 | 27 | 26 | 25 | 24 | 38 | 40 | 43 | 58 | 60 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 6 | 4 | 2 |
| Investments | 0 | 0 | 35 | 83 | 43 | 66 | 116 | 47 | 66 | 37 | 113 | 150 |
| 111 | 90 | 92 | 119 | 128 | 99 | 193 | 194 | 159 | 192 | 182 | 202 | |
| Total Assets | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 357 | 415 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36 | -5 | 24 | 65 | -13 | 35 | 34 | 4 | 34 | -15 | 143 | 54 | |
| 12 | -1 | -41 | -53 | 37 | -10 | -42 | 55 | -32 | 24 | -118 | -9 | |
| -14 | -21 | 18 | -8 | -26 | -35 | 13 | -50 | -8 | -7 | -19 | -33 | |
| Net Cash Flow | 35 | -27 | 1 | 3 | -1 | -11 | 6 | 8 | -6 | 2 | 6 | 11 |
| Free Cash Flow | 47 | -7 | 17 | 62 | -15 | 33 | 37 | -13 | 21 | -23 | 128 | 45 |
| CFO/OP | 91% | 11% | 107% | 92% | 29% | 149% | 45% | 118% | -1,152% | -39% | 145% | 80% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 33 | 33 | 30 | 31 | 30 | 24 | 50 | 40 | 31 | 38 | 30 | 38 |
| Days Payable | 8 | 4 | 3 | 5 | 3 | 2 | 6 | 5 | 4 | 2 | 2 | 3 |
| Cash Conversion Cycle | 25 | 30 | 27 | 26 | 28 | 22 | 44 | 36 | 27 | 36 | 28 | 35 |
| Working Capital Days | 4 | 16 | 6 | 5 | 12 | 14 | 24 | 28 | 22 | 29 | 19 | 26 |
| ROCE % | 72% | 15% | 27% | 70% | 10% | 17% | 66% | 5% | -1% | 13% | 43% | 34% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Animal Feed Segment Revenue Share % |
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| Cattle Feed Sales Volume tons |
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| Ice Cream Sales Volume kilo litres |
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| Cattle Feed Dealers dealers |
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| De-oiled Cake Sales Volume tons |
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| Milk Sales Volume kilo litres |
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| Refined Coconut Oil Sales Volume tons |
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| Kerala Cattle Feed Market Share % |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- KSE AGM approved Rs.7.50 dividend, capital increase, new MD, and other resolutions.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Proceedings Of Annual General Meeting
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Intimation Regarding Corrigendum To The Notice Of The 62Nd Annual General Meeting - 29.08.2026
- KSE withdraws AGM Item 15 on car transfer to director; AGM on 29 August 2026.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
-
Annual Report 2012
from bse
Business Overview:[1]
KSE is a diversified agri-business company with operations spanning animal feed, oil cake processing and dairy products. It's Animal Feed Division manufactures cattle and poultry feed, while the Oil Cake Processing Division undertakes solvent extraction, oil cake processing and coconut oil refining. The Dairy Division produces milk and milk-based products, including ice cream.