Kesar
KESARLTD NSE
Kesar
RealtyNSE: KESARLTD BSE: 543542 Residential Commercial Projects
Key Fundamentals
SMEResidential Commercial ProjectsRealtyMarket Cap
₹3,807 Cr
Volatility
Moderate
P/E Ratio
81.4
EBITDA
₹43.20 Cr
Return on Equity
39.38%
Debt to Equity
0.18
Book Value
₹445.78
EPS
₹4.38
52W High
₹1,341
52W Low
₹621.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
Weaknesses
5- Stock is trading at 13.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.98%
- Debtor days have increased from 67.7 to 124 days.
- Working capital days have increased from 125 days to 379 days
Growth Rate
Revenue Growth
60.56% lower than
3Y
Net Income Growth
50.93% lower than
3Y
Cash Flow Change
-184% lower than
3Y
ROE
9.06% lower than
3Y
ROCE
9.99% lower than
3Y
EBITDA Margin (Avg.)
-3.53% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk high
Kesar India Ltd is a small-cap consumer discretionary company with a market cap of ₹3,779 Cr that has delivered explosive growth — 126% sales CAGR over 3 years and 237% profit CAGR over 3 years — but trades at a PE of 126.2x and 12.35x book value, while showing significant deterioration in working capital efficiency with debtor days rising from 67.7 to 124 days.
Bull Case 8
- Exceptional 3-year compounded sales growth of 126% indicates rapid revenue scaling
- 3-year compounded profit growth of 237% demonstrates strong operating leverage and margin expansion
- 3-year ROE of 27.8% reflects efficient capital allocation and high profitability relative to equity base
- TTM sales growth of 64% shows continued momentum in the most recent period
- TTM profit growth of 60% indicates sustained earnings expansion even on a larger base
- Stock has delivered 1-year price CAGR of 100%, reflecting strong market confidence in the business trajectory
- 3-year stock CAGR of 259% significantly outperforms broader market indices over the same period
- Last year ROE of 20% remains well above cost of equity for most Indian companies
Bear Case 8
- PE ratio of 126.2x is extremely elevated, pricing in years of flawless execution with no margin for error
- Working capital days have surged from 125 to 379 days, indicating severe cash conversion cycle deterioration
- Debtor days have nearly doubled from 67.7 to 124 days, raising concerns about revenue quality and collection risk
- Stock trades at 14.3x book value (PB of 12.35x per data), a premium valuation that leaves limited margin of safety
- Zero dividend yield despite repeated profitability suggests capital is not being returned to shareholders
- Promoter holding decreased by 2.90% in the last quarter, which may signal reduced insider confidence
- Limited long-term track record with 5-year and 10-year growth data unavailable, making durability of growth difficult to assess
- ROE has declined from 3-year average of 28% to 20% in the last year, suggesting potential margin or efficiency pressure
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Particulars | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 17 | 41 | 15 | 15 | 92 | 85 | 171 |
| Expenses | 14 | 37 | 13 | 12 | 68 | 65 | 157 |
| Operating Profit | 3 | 3 | 2 | 3 | 23 | 20 | 14 |
| OPM % | 15% | 8% | 14% | 19% | 25% | 24% | 8% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 3 | 5 |
| Interest | 0 | 0 | 1 | 1 | 1 | 3 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 1 |
| PBT | 2 | 3 | 0 | 1 | 22 | 18 | 17 |
| Tax % | 0% | 41% | 0% | 42% | 30% | 17% | 6% |
| Net Profit | 2 | 2 | 0 | 1 | 15 | 15 | 16 |
| EPS in Rs | 0.88 | 0.65 | 0.11 | 0.35 | 5.48 | 5.09 | 5.31 |
Profit & Loss
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 15 | 53 | 108 | 176 | 363 |
| Expenses | 14 | 39 | 82 | 133 | 302 |
| Operating Profit | 1 | 15 | 25 | 43 | 60 |
| OPM % | 7% | 28% | 24% | 24% | 17% |
| Other Income | 0 | 1 | 2 | 3 | 8 |
| Interest | 0 | 0 | 1 | 4 | 6 |
| Depreciation | 0 | 0 | 1 | 3 | 5 |
| PBT | 1 | 15 | 26 | 40 | 58 |
| Tax % | 27% | 27% | 25% | 24% | — |
| Net Profit | 1 | 11 | 19 | 30 | 47 |
| EPS in Rs | 0.32 | 4.39 | 7.83 | 10.46 | 16.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 4 | 25 | 25 | 29 |
| Reserves | 16 | 5 | 24 | 221 |
| Borrowings | 2 | 22 | 27 | 44 |
| Other Liabilities | 10 | 48 | 35 | 145 |
| Total Liabilities | 32 | 100 | 111 | 439 |
| Fixed Assets | 1 | 1 | 3 | 9 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 2 | 0 | 31 |
| Other Assets | 31 | 97 | 109 | 399 |
| Total Assets | 32 | 100 | 111 | 439 |
Cash Flow
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | -10 | 9 | -8 | -128 |
| Investing | 0 | -1 | 1 | -52 |
| Financing | 15 | 19 | 4 | 180 |
| Net Cash Flow | 6 | 27 | -2 | 1 |
| Free Cash Flow | -10 | 9 | -11 | -133 |
| CFO/OP | -756 | 64 | -15 | -283 |
Ratios
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 37 | 22 | 58 | 124 |
| Inventory Days | 438 | 731 | 252 | 412 |
| Days Payable | 0 | 378 | 95 | 351 |
| Cash Conversion Cycle | 476 | 375 | 215 | 185 |
| Working Capital Days | 310 | -50 | 47 | 379 |
| ROCE % | — | 41% | 40% | 23% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kesar insights
52 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Allotment
2 May - 14.55 lakh equity shares allotted on May 2, 2026, converting warrants; paid-up capital rises to Rs 30.03 crore. 2 May - 14.55 lakh equity shares allotted on May 2, 2026, converting warrants; paid-up capital rises to Rs 30.03 crore.
2
Announcement under Regulation 30 (LODR)-Allotment
2 May - 14.55 lakh equity shares allotted on May 2, 2026, converting warrants; paid-up capital rises to Rs 30.03 crore. 2 May - 14.55 lakh equity shares allotted on May 2, 2026, converting warrants; paid-up capital rises to Rs 30.03 crore.
3
Appointment of Company Secretary and Compliance Officer
18 Apr - Ms. Toshiba Jain resigns as Company Secretary; Ms. Aditi Anup Deshmukh appointed effective April 19, 2026. 18 Apr - Ms. Toshiba Jain resigns as Company Secretary; Ms. Aditi Anup Deshmukh appointed effective April 19, 2026.
4
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
18 Apr - Toshiba Jain resigns as Company Secretary; Aditi Anup Deshmukh appointed effective April 19, 2026. 18 Apr - Toshiba Jain resigns as Company Secretary; Aditi Anup Deshmukh appointed effective April 19, 2026.
5
Board Meeting Outcome for Outcome Of Board Meeting
18 Apr - Toshiba Jain resigned; Aditi Anup Deshmukh appointed Company Secretary and Compliance Officer from April 19, 2026. 18 Apr - Toshiba Jain resigned; Aditi Anup Deshmukh appointed Company Secretary and Compliance Officer from April 19, 2026.
Frequently Asked Questions about Kesar
What does Kesar India Ltd do?
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".
Where is Kesar India Ltd (543542) listed?
Kesar India Ltd trades as KESARLTD on the NSE and under code 543542 on the BSE.
Which sector does Kesar India Ltd belong to?
Kesar India Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Kesar India Ltd?
Kesar India Ltd has a market capitalisation of ₹3,807 Cr, which places it in the Small Cap band.
What is the PE ratio of Kesar India Ltd?
Kesar India Ltd trades at a PE ratio of 81.40, on earnings per share of ₹4.38, against a book value of ₹445.78 per share.
What is the 52-week high and low of Kesar India Ltd?
Over the last 52 weeks Kesar India Ltd has traded between ₹621.5 and ₹1,341.
What is the Return on Equity (ROE) of Kesar India Ltd?
Kesar India Ltd reported a return on equity of 39.38%. Its debt-to-equity ratio is 0.18.
Company Information
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".
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/543542.md for Kesar India Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.