Kesar India Ltd
Incorporated in 2002, Kesar Lands Ltd is
in the business of real estate development and constructing residential and commercial projects, industrial buildings, factory buildings, workshop buildings, etc. All the projects are marketed under the brand name, "Kesar Lands".
- Market Cap ₹ 2,607 Cr.
- Current Price ₹ 1,055
- High / Low ₹ 1,143 / 139
- Stock P/E 133
- Book Value ₹ 18.3
- Dividend Yield 0.00 %
- ROCE 39.3 %
- ROE 41.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 299% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.9%
- Debtor days have improved from 44.0 to 17.1 days.
- Company's working capital requirements have reduced from 159 days to 84.3 days
Cons
- Stock is trading at 57.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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: Realty Industry: Construction
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 8 | 15 | 53 | 82 | |
| 0 | 1 | 1 | 4 | 14 | 39 | 56 | |
| Operating Profit | 0 | -0 | 0 | 5 | 1 | 14 | 26 |
| OPM % | 21% | -6% | 0% | 55% | 7% | 27% | 32% |
| 0 | 0 | 0 | 1 | 0 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 5 | 1 | 14 | 27 |
| Tax % | 50% | 25% | 50% | 28% | 27% | 28% | |
| 0 | 0 | 0 | 4 | 1 | 10 | 20 | |
| EPS in Rs | 0.50 | 2.00 | 0.50 | 181.50 | 0.32 | 4.07 | 7.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 208% |
| 3 Years: | 257% |
| TTM: | 129% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 299% |
| 3 Years: | 902% |
| TTM: | 131% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 549% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 40% |
| Last Year: | 42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.03 | 0.03 | 0.03 | 4 | 25 | 25 |
| Reserves | -1 | -1 | -1 | 3 | 16 | 5 | 21 |
| 2 | 2 | 3 | 2 | 2 | 22 | 21 | |
| 1 | 1 | 2 | 4 | 10 | 48 | 36 | |
| Total Liabilities | 2 | 2 | 4 | 9 | 32 | 99 | 102 |
| 0 | 0 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 | 5 |
| 2 | 2 | 3 | 8 | 31 | 96 | 97 | |
| Total Assets | 2 | 2 | 4 | 9 | 32 | 99 | 102 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 2 | -10 | 9 | |
| -0 | -0 | -1 | 1 | 0 | -1 | |
| -0 | -0 | 1 | 0 | 15 | 19 | |
| Net Cash Flow | 0 | 0 | 0 | 3 | 6 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 115 | 46 | 19 | 77 | 37 | 17 |
| Inventory Days | 520 | 438 | 731 | |||
| Days Payable | 6 | 0 | 378 | |||
| Cash Conversion Cycle | 115 | 46 | 19 | 592 | 476 | 370 |
| Working Capital Days | 2,670 | 958 | 271 | 82 | 310 | 84 |
| ROCE % | 3% | 1% | 147% | 9% | 39% |
Documents
Announcements
- Financial Results For The Half Year Ended September 30, 2024 14 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting
14 Nov - Approval of financial results and office relocation.
-
Board Meeting Intimation for The Unaudited Financial Results (Standalone And Consolidated) For The Half Year Ended September 30, 2024
8 Nov - Notice of Board Meeting to approve financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Oct - Submission of certificate under SEBI Regulation 74(5) for Q3 2024.
-
Closure of Trading Window
26 Sep - Closure of trading window until financial results announcement.
Business Overview:[1]
Kesar Lands is a real estate development
company that focuses on leisure & luxury
family residential and commercial projects. The company is ISO–9001:2008 certified and
is a member of the Confederation of Real Estate Developers’ Associations of India (CREDAI), Indian Green Building Council (IGBC) & Builders Association of India (BAI)