KSE Ltd

KSE Ltd

₹ 190 -2.28%
26 May - close price
About

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]

Key Points

Business Overview:[1][2]
KSE is a National Productivity Council-certified manufacturer of compound cattle feed and dairy company based in the South India. It also operates in milk procurement and processing, in various districts of Kerala and Tamil Nadu and has an exclusive distribution network with over 700 dealers.

  • Market Cap 609 Cr.
  • Current Price 190
  • High / Low 285 / 174
  • Stock P/E 7.25
  • Book Value 109
  • Dividend Yield 4.20 %
  • ROCE 33.6 %
  • ROE 26.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.20%.
  • 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: 22.9%

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
395.48 424.37 436.54 406.00 416.58 431.43 414.35 411.94 391.81 416.00 427.39 427.93 409.16
400.36 425.70 437.38 398.19 390.28 406.13 393.58 383.61 346.01 366.41 384.49 405.77 414.44
Operating Profit -4.88 -1.33 -0.84 7.81 26.30 25.30 20.77 28.33 45.80 49.59 42.90 22.16 -5.28
OPM % -1.23% -0.31% -0.19% 1.92% 6.31% 5.86% 5.01% 6.88% 11.69% 11.92% 10.04% 5.18% -1.29%
1.98 1.31 0.94 -3.96 1.58 1.16 4.14 1.62 3.65 4.54 3.63 3.73 3.38
Interest 0.52 0.53 0.75 0.98 0.57 0.57 0.60 0.62 0.64 0.65 0.65 0.65 0.65
Depreciation 1.27 1.02 1.05 1.33 1.34 1.10 1.26 1.58 1.69 1.52 2.14 2.19 2.14
Profit before tax -4.69 -1.57 -1.70 1.54 25.97 24.79 23.05 27.75 47.12 51.96 43.74 23.05 -4.69
Tax % -23.45% -33.76% -16.47% 25.97% 27.11% 25.90% 25.68% 24.29% 26.17% 25.81% 24.85% 29.07% -20.26%
-3.59 -1.05 -1.42 1.15 18.93 18.37 17.13 21.02 34.79 38.55 32.87 16.35 -3.73
EPS in Rs -1.12 -0.33 -0.44 0.36 5.92 5.74 5.35 6.57 10.87 12.05 10.27 5.11 -1.17
Raw PDF

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
900 925 1,047 1,304 1,209 1,429 1,543 1,670 1,610 1,683 1,650 1,680
839 909 1,018 1,196 1,196 1,402 1,404 1,659 1,613 1,651 1,529 1,571
Operating Profit 60 16 29 108 13 26 139 11 -3 32 120 109
OPM % 7% 2% 3% 8% 1% 2% 9% 1% -0% 2% 7% 7%
12 2 2 5 6 4 15 3 7 -0 11 15
Interest 2 2 2 1 1 2 2 2 2 3 2 3
Depreciation 6 4 3 4 3 3 2 3 4 5 6 8
Profit before tax 64 12 26 109 15 26 150 9 -3 24 123 114
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
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
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: 2%
Compounded Profit Growth
10 Years: 29%
5 Years: -5%
3 Years: 192%
TTM: -5%
Stock Price CAGR
10 Years: 13%
5 Years: -4%
3 Years: 4%
1 Year: -22%
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 58
ROCE % 72% 15% 27% 70% 10% 17% 66% 5% -1% 13% 43% 34%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Cattle Feed Sales Volume
Metric Tons

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Copra Cake Processed (Operational)
Metric Tons
Ice Cream Sales Volume
Kilo Litres
Number of Cattle Feed Dealers
Count
Market Share (Kerala - Cattle Feed)
Percentage
Total Monthly Installed Capacity (Feed)
Metric Tons

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
25.49% 25.07% 24.53% 23.92% 23.34% 23.30% 23.24% 23.23% 23.10% 23.00% 22.46% 22.94%
0.11% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
74.40% 74.85% 75.39% 76.00% 76.57% 76.62% 76.68% 76.69% 76.82% 76.91% 77.46% 76.98%
No. of Shareholders 6,2876,2796,2926,1556,1266,3166,2136,3657,3807,79610,63611,357

* 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.

Click on the line-items to see the names of individual entities.

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