Kesoram Industries Ltd

₹ 217 3.20%

22 Nov - close price

kesocorp.com BSE: 502937 NSE: KESORAMIND

About

Kesoram Industries Limited is a flagship company of B. K. Birla group. The Co is engaged in the manufacturing of Cement and Rayon, TP & Chemicals. ^[1]

Key Points

Business Segments
Cement (94% in FY24 vs 98% in FY22)- It manufactures cement under the brand “Birla Shakti Cement”. It sells premium cement under the brand “Birla Shakti ConQUerete”.

Website BSE NSE

Market Cap ₹ 6,728 Cr.
Current Price ₹ 217
High / Low ₹ 230 / 126
Stock P/E
Book Value ₹ 7.38
Dividend Yield 0.00 %
ROCE 12.8 %
ROE -62.0 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 29.3 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of -13.7% over last 3 years.
Promoters have pledged 51.1% of their holding.

* 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: Cement Industry: Cement - North India

Part of Nifty Microcap 250 BSE Allcap BSE Commodities BSE SmallCap Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	834	875	1,027	822	786	929	996	949	0	894	1,004	0	0
	696	758	915	783	726	842	881	834	8	790	923	7	7
Operating Profit	138	117	111	39	59	87	116	115	-8	104	80	-7	-7
OPM %	17%	13%	11%	5%	8%	9%	12%	12%		12%	8%
	-7	8	-123	26	13	-158	15	10	-26	8	-54	-10	-42
Interest	123	123	119	104	103	100	116	109	0	123	118	0	0
Depreciation	22	23	23	22	20	19	21	26	1	28	34	1	1
Profit before tax	-14	-20	-153	-61	-50	-190	-5	-10	-35	-39	-126	-18	-49
Tax %	23%	-29%	-13%	-33%	-17%	-86%	19%	-27%	0%	-6%	102%	148%	0%
	-17	-15	-133	-41	-41	-27	-6	-8	-35	-36	-253	-44	-49
EPS in Rs	-0.69	-0.60	-5.44	-1.69	-1.33	-0.88	-0.20	-0.25	-1.13	-1.16	-8.15	-1.42	-1.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	5,711	5,081	4,618	4,100	3,676	3,587	2,581	2,330	2,415	3,540	3,534	3,740	1,898
	5,399	4,795	4,500	4,378	3,653	3,656	2,558	2,101	2,021	2,991	3,233	3,363	1,727
Operating Profit	312	286	117	-277	24	-69	22	229	394	549	301	377	171
OPM %	5%	6%	3%	-7%	1%	-2%	1%	10%	16%	16%	9%	10%	9%
	131	125	470	1,214	227	153	82	-308	-192	-116	-103	-22	-97
Interest	514	573	681	678	282	421	283	315	246	482	423	462	241
Depreciation	306	318	274	122	123	128	88	91	96	91	82	115	63
Profit before tax	-377	-480	-367	137	-154	-466	-266	-486	-140	-140	-306	-222	-231
Tax %	-13%	7%	0%	0%	0%	-0%	-4%	0%	-219%	-7%	-62%	50%
	-329	-516	-367	137	-155	-464	-254	-486	167	-130	-116	-332	-382
EPS in Rs	-20.20	-31.61	-22.48	7.87	-8.89	-22.72	-12.00	-22.92	6.82	-5.34	-3.72	-10.68	-12.30
Dividend Payout %	-1%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	8%
3 Years:	16%
TTM:	-34%

Compounded Profit Growth
10 Years:	4%
5 Years:	-4%
3 Years:	%
TTM:	-350%

Stock Price CAGR
10 Years:	11%
5 Years:	35%
3 Years:	53%
1 Year:	80%

Return on Equity
10 Years:	-47%
5 Years:	7%
3 Years:	-14%
Last Year:	-62%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	46	110	110	117	117	137	143	143	165	244	311	311	311
Reserves	534	361	-22	278	729	554	388	-115	182	362	338	7	-81
	5,079	4,908	5,192	5,270	3,267	3,460	2,948	1,999	1,849	1,703	1,734	2,046	0
	815	853	849	972	1,181	1,511	1,611	1,005	917	916	913	928	3,120
Total Liabilities	6,474	6,232	6,129	6,638	5,294	5,662	5,090	3,031	3,113	3,226	3,295	3,291	3,350
	3,447	3,227	1,547	1,402	2,030	2,365	2,261	1,670	1,598	1,543	1,290	1,291	187
CWIP	704	731	548	556	712	781	788	14	15	28	48	25	0
Investments	66	66	766	706	101	508	507	500	538	380	388	371	371
	2,256	2,208	3,267	3,974	2,452	2,008	1,534	848	962	1,275	1,569	1,603	2,792
Total Assets	6,474	6,232	6,129	6,638	5,294	5,662	5,090	3,031	3,113	3,226	3,295	3,291	3,350

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	449	428	519	210	119	215	756	759	256	336	180	275
	-173	-75	-42	519	1,681	-580	-84	-847	-225	-79	-16	-90
	-262	-360	-414	-426	-2,126	60	-1,323	-118	181	-229	-230	-144
Net Cash Flow	14	-6	63	303	-326	-306	-651	-206	212	28	-66	41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	53	65	61	49	49	54	79	27	42	33	37	43
Inventory Days	116	134	135	134	115	116	407	175	140	151	198	224
Days Payable	62	88	103	140	140	205	1,170	886	734	566	541	550
Cash Conversion Cycle	107	111	92	42	24	-35	-685	-685	-552	-382	-305	-284
Working Capital Days	36	23	118	144	80	49	-67	-103	-56	-17	-7	4
ROCE %	2%	2%	-2%	1%	0%	1%	0%	8%	19%	22%	12%	13%

Shareholding Pattern

Numbers in percentages

3 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	49.15%	49.15%	49.21%	43.40%	43.40%	43.40%	43.40%	43.40%	43.40%	43.34%	43.34%	43.34%
	0.32%	0.48%	0.00%	0.41%	0.62%	3.12%	3.78%	4.42%	7.18%	8.95%	8.42%	7.17%
	9.11%	9.09%	8.80%	12.79%	11.99%	11.40%	10.61%	10.78%	13.37%	12.82%	16.31%	17.42%
	0.14%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.06%	0.06%	0.07%
	41.28%	41.14%	41.99%	43.39%	43.99%	42.08%	42.20%	41.38%	36.01%	34.83%	31.86%	32.01%
No. of Shareholders	1,01,948	1,08,529	1,01,434	1,01,485	99,090	96,045	95,740	88,380	91,486	88,669	87,730	77,389

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	49.46%	51.39%	53.18%	53.13%	45.97%	49.15%	43.40%	43.34%	43.34%
	4.94%	2.52%	1.46%	0.00%	0.03%	0.48%	3.12%	8.95%	7.17%
	5.07%	4.39%	4.07%	3.74%	15.78%	9.09%	11.40%	12.82%	17.42%
	0.00%	0.25%	0.24%	0.24%	0.21%	0.14%	0.00%	0.06%	0.07%
	40.52%	41.46%	41.05%	42.89%	38.01%	41.14%	42.08%	34.83%	32.01%
No. of Shareholders	89,763	86,675	87,572	87,048	87,660	1,08,529	96,045	88,669	77,389

* 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.

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Kesoram Industries Ltd

Kesoram Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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