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 ₹ 1,334 Cr.
- Current Price ₹ 540
- High / Low ₹ 1,143 / 332
- Stock P/E 64.1
- Book Value ₹ 18.8
- Dividend Yield 0.00 %
- ROCE 41.0 %
- ROE 44.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 29.6 to 21.8 days.
- Company's working capital requirements have reduced from 199 days to 88.0 days
Cons
- Stock is trading at 28.7 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|
| 15 | 53 | 83 | |
| 14 | 39 | 56 | |
| Operating Profit | 1 | 15 | 27 |
| OPM % | 7% | 28% | 33% |
| 0 | 1 | 2 | |
| Interest | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 1 | 15 | 28 |
| Tax % | 27% | 27% | |
| 1 | 11 | 21 | |
| EPS in Rs | 0.32 | 4.39 | 8.42 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 252% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1290% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 44% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 4 | 25 | 25 |
| Reserves | 16 | 5 | 22 |
| 2 | 22 | 21 | |
| 10 | 48 | 36 | |
| Total Liabilities | 32 | 100 | 103 |
| 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 2 | 4 |
| 31 | 97 | 98 | |
| Total Assets | 32 | 100 | 103 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -10 | 9 | |
| 0 | -1 | |
| 15 | 19 | |
| Net Cash Flow | 6 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 37 | 22 |
| Inventory Days | 438 | 731 |
| Days Payable | 0 | 378 |
| Cash Conversion Cycle | 476 | 375 |
| Working Capital Days | 310 | 88 |
| ROCE % | 41% |
Documents
Announcements
-
Purchase Of Land At Nagpur, Maharashtra.
2d - Acquisition of 7,500 sq. mt. land in Nagpur.
-
Announcement under Regulation 30 (LODR)-Acquisition
22 Feb - Acquisition of 51% stake in Kesar Maitreya Realities.
-
Announcement under Regulation 30 (LODR)-Acquisition
15 Feb - Acquisition of 100% stake in Kesar Naturals.
-
Announcement under Regulation 30 (LODR)-Acquisition
11 Feb - Acquisition of 51% stake in Kesar IM Infra Projects.
-
Announcement under Regulation 30 (LODR)-Acquisition
10 Feb - YK Infracon Private Limited incorporated Propsnap Realty Private Limited.
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)