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Kesar

543542 BSE
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Kesar (KESAR) share price was ₹1,081.05 at the 28 Oct 2026 close; market capitalisation ₹3,517 Cr; P/E (TTM) 66.61; sector Realty. The share price rose 33.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹171 Cr, against ₹15 Cr a year earlier and net profit was ₹16 Cr, against under ₹1 Cr a year earlier (compared with Jun 2025). Promoters held 67.59% of Kesar in Sep 2026, down 2.64 percentage points from Jun 2026. Its Tapetide Score is 42/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹1,081.05 +270.05 +33.30% 1Y

Key Fundamentals

SMERealtyConsumer Discretionary
Market Cap
₹3,517 Cr
P/E (TTM)
66.61
EBITDA
₹46.20 Cr
Return on Equity
12.04%
Return on Capital Employed
16.63%
Debt to Equity
0.18
Book Value
₹435.13
EPS (TTM)
₹16.23
52W High
₹1,341.00
52W Low
₹705.00

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Consolidated · TTM

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

DLF
₹672.4536.451,66,453 Cr3.651.19%5.77%6.35%8,504 Cr4,567 Cr
Lodha Developers
₹1,014.2024.561,01,353 Cr4.440.42%14.64%18.07%18,603 Cr4,129 Cr
Phoenix Mills
₹1,936.4054.1069,261 Cr6.300.13%10.88%11.84%4,724 Cr1,629 Cr
Prestige Estates Projects
₹1,405.0053.1260,518 Cr3.720.14%7.80%12.91%13,597 Cr1,265 Cr
Oberoi Realty
₹1,601.8022.1458,242 Cr3.050.25%13.99%16.74%6,501 Cr2,632 Cr
Godrej Properties
₹1,581.2029.7647,630 Cr2.460.63%9.51%12.01%8,849 Cr1,591 Cr
Brigade Enterprises
₹531.0524.9317,326 Cr2.540.36%9.63%9.89%5,805 Cr784 Cr
Kesar (this company)
—66.613,517 Cr2.480.00%12.04%16.63%371 Cr47 Cr
Median 8 companies₹1,405.0033.1159,380 Cr3.350.31%10.26%12.46%7,503 Cr1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

42 Weak
Overall score

Data confidence 98/100

Category scores

Quality Weak 37
Returns, margins, earnings quality 22% weight
Valuation Poor 21
Cheap vs sector & own history 24% weight
Growth Strong 99
Sales & profit trajectory 9% weight
Financial Health Strong 85
Solvency, leverage, coverage 9% weight
Momentum Poor 28
Trend strength, vol-adjusted 12% weight
Ownership Weak 43
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%

Weaknesses

5
  • Stock is trading at 12.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.65%
  • Debtor days have increased from 66.8 to 124 days.
  • Working capital days have increased from 107 days to 329 days

Technical Indicators

Oscillators

Bullish

Bearish
1
Neutral
6
Bullish
2

Overall

Bearish

Bearish
9
Neutral
6
Bullish
4

Moving Averages

Bearish

Bearish
8
Neutral
0
Bullish
2

Growth Rate

Revenue Growth
63.33% lower than 3Y

change over 1 year

Net Income Growth
53.06% lower than 3Y

change over 1 year

Cash Flow Change
—

EBITDA Margin Change
-1.23%

change over 1 year Operating margin 8% · Jun 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI 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 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 (₹)
0.88
0.65
0.11
0.35
5.48
5.09
5.31
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
15
53
108
176
363
Expenses
14
39
81
133
302
Operating Profit
1
15
27
43
60
OPM %
7%
28%
25%
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
20
30
47
EPS (₹)
0.32
4.39
7.94
10.46
16.23
Div. Payout %
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4
25
25
29
Reserves
16
5
24
221
Borrowings
2
22
30
44
Other Liabilities
10
48
28
145
Total Liabilities
32
100
108
439
Fixed Assets
1
1
6
9
CWIP
0
0
0
0
Investments
0
2
0
31
Other Assets
31
97
101
399
Total Assets
32
100
108
439
Figures in ₹ Crores

Cash Flow

Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10
9
1
-128
Investing
0
-1
-2
-52
Financing
15
19
4
180
Net Cash Flow
6
27
4
1
Free Cash Flow
-10
9
-2
-133
CFO/EBITDA
-756
64
27
-283
Figures in ₹ Crores

Ratios

Particulars Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
37
22
55
124
Inventory Days
438
731
—
—
Days Payable
0
378
—
—
Cash Conversion Cycle
476
375
55
124
Working Capital Days
310
-50
43
329
ROCE %
—
41%
40%
23%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kesar insights

56 extracted metrics + investor summaries across FY22–FY27.

Shareholding Pattern

Others2.81%Promot.67.59%Public14.79%FIIs14.81%As ofSep 2026

Documents

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 (KESAR) listed?
Kesar India Ltd trades 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 ₹3,517 Cr as of 28 Oct 2026, 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 66.61 as of 28 Oct 2026, on earnings per share of ₹16.23, against a book value of ₹435.13 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 ₹705 and ₹1,341 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Kesar India Ltd?
Kesar India Ltd reported a return on equity of 12.04%. 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".

Website kesarlands.com
Listed 2022-07-12
Face Value ₹ 10
Shares Outstanding 3,25,33,834

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