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 ₹ 1,469 Cr.
- Current Price ₹ 594
- High / Low ₹ 1,143 / 382
- Stock P/E 75.0
- 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 32.5 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: | 55% |
| 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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on March 31, 2025.
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (LODR) Regulations, 2015. 7 Apr
- Closure of Trading Window 25 Mar
-
Purchase Of Land At Nagpur, Maharashtra.
3 Mar - 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.
Business Overview:[1]
Kesar India is a real estate development company specializing in luxury residential, commercial, and leisure projects. The company is ISO 9001:2008 certified and a member of CREDAI, IGBC, NAREDCO, and BAI. It is focused on developing the Nagpur real estate market through various projects under six distinct business lines