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 ₹ 643 Cr.
- Current Price ₹ 2,010
- High / Low ₹ 2,990 / 1,765
- Stock P/E 8.76
- Book Value ₹ 779
- Dividend Yield 1.49 %
- ROCE 12.9 %
- ROE 9.24 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.58 times its book value
- The company has delivered a poor sales growth of 6.84% over past five years.
- Promoter holding is low: 23.2%
- Company has a low return on equity of 3.72% over last 3 years.
* 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: FMCG Industry: Food - Processing - Indian
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
697 | 806 | 900 | 925 | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,674 | |
684 | 777 | 839 | 909 | 1,018 | 1,196 | 1,196 | 1,402 | 1,404 | 1,659 | 1,613 | 1,651 | 1,574 | |
Operating Profit | 13 | 29 | 60 | 16 | 29 | 108 | 13 | 26 | 139 | 11 | -3 | 32 | 101 |
OPM % | 2% | 4% | 7% | 2% | 3% | 8% | 1% | 2% | 9% | 1% | -0% | 2% | 6% |
1 | 1 | 12 | 2 | 2 | 5 | 6 | 4 | 15 | 3 | 7 | -0 | 8 | |
Interest | 4 | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 |
Depreciation | 4 | 4 | 6 | 4 | 3 | 4 | 3 | 3 | 2 | 3 | 4 | 5 | 5 |
Profit before tax | 7 | 23 | 64 | 12 | 26 | 109 | 15 | 26 | 150 | 9 | -3 | 24 | 102 |
Tax % | 30% | 34% | 32% | 38% | 37% | 36% | 36% | 28% | 25% | 29% | -20% | 27% | |
5 | 15 | 44 | 8 | 16 | 70 | 9 | 19 | 113 | 7 | -2 | 18 | 75 | |
EPS in Rs | 14.53 | 48.03 | 136.34 | 23.69 | 51.12 | 217.59 | 29.47 | 59.06 | 352.91 | 20.53 | -7.44 | 55.03 | 235.79 |
Dividend Payout % | 69% | 42% | 37% | 84% | 59% | 28% | 51% | 34% | 28% | 97% | -269% | 55% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 3% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 14% |
3 Years: | -43% |
TTM: | 7669% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | -4% |
1 Year: | 6% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 15% |
3 Years: | 4% |
Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 38 | 45 | 69 | 68 | 83 | 141 | 127 | 139 | 240 | 220 | 211 | 222 | 246 |
30 | 17 | 17 | 11 | 39 | 44 | 43 | 15 | 40 | 19 | 19 | 21 | 23 | |
25 | 30 | 49 | 32 | 30 | 42 | 25 | 33 | 51 | 39 | 35 | 32 | 59 | |
Total Liabilities | 95 | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 331 |
39 | 36 | 27 | 25 | 29 | 27 | 26 | 25 | 24 | 38 | 40 | 43 | 53 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 6 | 0 |
Investments | 0 | 0 | 0 | 0 | 35 | 83 | 43 | 66 | 116 | 47 | 66 | 37 | 33 |
56 | 59 | 111 | 90 | 92 | 119 | 128 | 99 | 193 | 194 | 159 | 192 | 244 | |
Total Assets | 95 | 96 | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 331 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 19 | 36 | -5 | 24 | 65 | -13 | 35 | 34 | 4 | 34 | -15 | |
-8 | -1 | 12 | -1 | -41 | -53 | 37 | -10 | -42 | 55 | -32 | 24 | |
-3 | -19 | -14 | -21 | 18 | -8 | -26 | -35 | 13 | -50 | -8 | -7 | |
Net Cash Flow | -2 | -1 | 35 | -27 | 1 | 3 | -1 | -11 | 6 | 8 | -6 | 2 |
Ratios
Figures in Rs. Crores
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | 29 | 26 | 33 | 33 | 30 | 31 | 30 | 24 | 50 | 40 | 31 | 38 |
Days Payable | 6 | 5 | 8 | 4 | 3 | 5 | 3 | 2 | 6 | 5 | 4 | 2 |
Cash Conversion Cycle | 23 | 22 | 25 | 30 | 27 | 26 | 28 | 22 | 44 | 36 | 27 | 36 |
Working Capital Days | 13 | 11 | 8 | 17 | 16 | 14 | 22 | 15 | 31 | 30 | 23 | 30 |
ROCE % | 15% | 39% | 72% | 15% | 27% | 70% | 10% | 17% | 66% | 5% | -1% | 13% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
3 Apr - Non-applicability of SEBI Circular for KSE Limited.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Certificate for dematerialization of securities for Q1 2025.
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Disclosure Under Regulation 31(4) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 For The Financial Year Ended On March 31, 2025
2 Apr - Disclosure under SEBI regulations for financial year 2025.
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Closure of Trading Window
27 Mar - Closure of trading window until financial results are declared.
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Integrated Filing (Financial)
4 Mar - Submission of integrated financial results for Q3 2024.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
KSE is a National Productivity Council-certified manufacturer of compound cattle feed and undertakes solvent extraction. It also operates in milk procurement and processing, in various
districts of Kerala and has an exclusive distribution network of over 700 dealers, and customer support services viz. on-call veterinary doctors, etc.