---
title: "Kesar India Ltd (543542) — Share Price, Financials & Analysis"
symbol: "543542"
company: "Kesar India Ltd"
canonical: "https://tapetide.com/stocks/543542"
isin: "INE0L1C01019"
nse_symbol: "KESARLTD"
bse_code: "543542"
sector: "Realty"
industry: "Residential Commercial Projects"
market_cap_cr: 3806.5
generated_at: "2026-09-13T20:16:21.103Z"
---

# Kesar India Ltd (543542)

Canonical page: https://tapetide.com/stocks/543542

## Company

- **NSE Symbol:** KESARLTD
- **BSE Code:** 543542
- **ISIN:** INE0L1C01019
- **Sector:** Realty
- **Industry:** Residential Commercial Projects
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2022-07-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** kesarlands.com

## About

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".

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:39:05.955696Z.

- **Market Cap:** ₹3806.5 Cr
- **Classification:** SME
- **P/E (reported):** 81.4
- **EPS (TTM):** ₹16.23
- **EPS (reported):** ₹4.38
- **Book Value:** ₹445.78
- **Price to Book:** 2.62
- **Dividend Yield:** 0%
- **ROE:** 39.38%
- **ROCE:** 52.18%
- **Debt to Equity:** 0.18
- **Revenue (yearly):** ₹176.45 Cr
- **Net Income:** ₹29.28 Cr
- **EBITDA:** ₹43.2 Cr
- **52-Week High:** ₹1341
- **52-Week Low:** ₹621.5
- **RSI (14):** 44.89

## Tapetide Score

- **Score:** 42 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 19.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 84.89 | 9% |
| growth | 98.66 | 9% |
| momentum | 40.19 | 12% |
| ownership | 34.93 | 24% |
| quality | 37.44 | 22% |
| valuation | 20.78 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%

### Weaknesses

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -184.47% | 19.13% | 51.59% |
| ebitda margin growth | -14.91% | -3.53% | -15.22% | — |
| net income growth | 10.34% | 50.93% | 237% | — |
| revenue growth | 101.37% | 60.56% | 126% | — |
| roce | -10.26% | 9.99% | 939.44% | — |
| roe | 10.25% | 9.06% | 26.53% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Profit before tax | 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 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -10 | 9 | -8 | -128 |
| Cash from Investing Activity | 0 | -1 | 1 | -52 |
| Cash from Financing Activity | 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

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 74.6% | 74.98% | 74.98% | 70.98% | 74.99% | 74.99% | 74.99% | 74.73% | 73.47% | 71.99% | 70.23% |
| FIIs | 0% | 0% | 12.55% | 15.7% | 0% | 18.62% | 18.46% | 18.22% | 18.74% | 16.72% | 16.56% | 15.76% |
| DIIs | 0% | 0% | 0% | 0% | 1.75% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 24.5% | 11.49% | 8.38% | 18.54% | 6.21% | 6.43% | 6.39% | 5.76% | 8.63% | 8.29% | 10.98% |
| Others | 0% | 0.91% | 0.98% | 0.93% | 8.73% | 0.18% | 0.11% | 0.4% | 0.77% | 1.18% | 3.16% | 3.02% |
| No. of Shareholders | 7 | 201 | 197 | 140 | 4339 | 111 | 359 | 341 | 338 | 294 | 331 | 723 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1163.41 | Buy |
| EMA (10) | 1171.5 | Buy |
| SMA (20) | 1179.46 | Buy |
| EMA (20) | 1183.65 | Sell |
| SMA (50) | 1224.76 | Sell |
| EMA (50) | 1208.95 | Sell |
| SMA (100) | 1233.09 | Sell |
| EMA (100) | 1206 | Sell |
| SMA (200) | 1182.36 | Sell |
| EMA (200) | 1133.28 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.2 | Neutral |
| MACD (12,26,9) | -17.85 | Buy |
| Stochastic (14,3,3) | 23.02 | Neutral |
| ADX (14) | 26.77 | Buy |
| Williams %R (14) | -74.91 | Neutral |
| ATR (14) | 50.94 | High Volatility |
| ROC (12) | -0.97 | Sell |
| Stoch RSI (14) | 85.74 | Sell |
| UO (7,14,28) | 31.19 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fdd0055d-803c-4c83-9e35-de08f5dfed3c.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63b4aa3b-bebe-4ca4-a881-ded9efee8f76.pdf) |
| 2026-09-08 | [Notice Of 22Nd Annual General Meeting Will Be Held On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27676aa4-87f9-47a9-bc97-fe072cf13ebf.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f896b67-a590-450c-b3c5-7a1699d23886.pdf) |
| 2026-09-04 | [Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3f3f4c8-c3c8-4771-b40c-15be237d904a.pdf) |
| 2026-09-04 | [Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers)Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4257372-3451-4dc9-9b49-7ea9aea15972.pdf) |
| 2026-09-04 | [Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad9295eb-ee6d-481a-8acc-b58458ec56dd.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec90e436-cf47-4d00-91f9-e9bcb4c98e83.pdf) |
| 2026-08-26 | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d606c011-ff65-4015-bcb8-77b6188338fd.pdf) |
| 2026-08-25 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e4280a3-f581-4def-8455-a9572f3fd10a.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-29 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db32f4b3-b64b-45b0-ac58-fc3e1a031074.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Kesar India reports FY26 revenue of ₹176.5 Cr and PAT of ₹29.9 Cr, up 64% and 52%. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Apr - Kesar India reports FY26 revenue of ₹176.5 Cr and PAT of ₹29.9 Cr, up 64% and 52%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c4754b9-f5c9-4979-9c39-b436915304ff.pdf) |
| 9 Apr - Certificate under regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended on March 31, 2026 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Apr - Certificate under regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended on March 31, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c164e469-b1c7-4b4e-8db1-c6e53b488270.pdf) |
| 7h - Board meets April 8, 2026 to approve audited FY26 standalone and consolidated results. | [Board Meeting Intimation for Board Meeting Intimation For Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31, 2026. 7h - Board meets April 8, 2026 to approve audited FY26 standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/77a50bf7-05f9-4203-b464-d500bc1c3f60.pdf) |
| 3h - No deviation in preferential issue proceeds utilization for quarter ended March 31, 2026. | [Statement Of Utilization Of The Proceeds Of The Preferential Issue Of The Company. 3h - No deviation in preferential issue proceeds utilization for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6a5b0159-b421-4ee6-9950-25db785dbea4.pdf) |
| 3h - Board approved FY26 audited standalone and consolidated results; reappointed M.C. Asawa & Co. as internal auditor. | [Board Meeting Outcome for Outcome Of Board Meeting Held On April 08, 2026 3h - Board approved FY26 audited standalone and consolidated results; reappointed M.C. Asawa & Co. as internal auditor.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/aeaf95ce-a40c-4fb6-9816-6ee10ddf26db.pdf) |
| 3h - Board approved audited FY26 standalone and consolidated results; reappointed M.C. Asawa & Co. as internal auditors for FY27. | [Appointment Of Internal Auditor 3h - Board approved audited FY26 standalone and consolidated results; reappointed M.C. Asawa & Co. as internal auditors for FY27.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/01a171a7-7609-418d-933e-125048c74b46.pdf) |
| 28 Feb - Allotment of 5,74,319 shares on 28-Feb-2026 (warrants at ₹350); paid-up capital ₹28,57,32,290. | [Announcement under Regulation 30 (LODR)-Allotment 28 Feb - Allotment of 5,74,319 shares on 28-Feb-2026 (warrants at ₹350); paid-up capital ₹28,57,32,290.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93974a61-5ce3-44b3-adaf-c6f49f72d78d.pdf) |
| 26 Feb - Newspaper publication regarding Special Window for Transfer and Dematerialization of Physical Securities. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Feb - Newspaper publication regarding Special Window for Transfer and Dematerialization of Physical Securities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d2ddf08-d430-4b81-9f70-c590b5de286a.pdf) |
| 22 Jan - Newspaper publication of Financial Results for the Third Quarter and Nine Months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan - Newspaper publication of Financial Results for the Third Quarter and Nine Months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49439cc9-a1f1-4d9e-9f5a-76b81f005ea1.pdf) |
| 21 Jan - Unaudited results for quarter and nine months ended 31-Dec-2025; nine-month loss Rs87.51 lakh, revenue Rs145.98 lakh. | [Board Meeting Outcome for Outcome Of The Meeting Of The Board 21 Jan - Unaudited results for quarter and nine months ended 31-Dec-2025; nine-month loss Rs87.51 lakh, revenue Rs145.98 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07873c38-d4a4-472d-b04b-0c947bbacf52.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db32f4b3-b64b-45b0-ac58-fc3e1a031074.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/db32f4b3-b64b-45b0-ac58-fc3e1a031074.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-04-08 | [Outcome Of Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=045f3806-3f3c-485a-b0a4-cfff2f47beac.pdf) |
| 2026-02-14 | [Results - Financial Results For Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=359efd1b-a35b-4245-8532-4da7b8657db9.pdf) |
| 2025-11-05 | [Results - Financial Results September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b7abd2b-86b9-42e2-b9ab-974bd8fcb06b.pdf) |
| 2025-05-21 | [Results - Financial Results March 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca556a21-8db6-4855-83ef-c9cfc1343f2c.pdf) |
| 2024-11-14 | [Financial Results For The Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45e1540f-fa96-4637-a8d5-7de0ec4c363c.pdf) |
| 2024-05-21 | [Results - Financial Results For The Financial Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9de2e293-e4d9-4580-8e25-d7eb59483d0b.pdf) |
| 2024-02-14 | [Financial Results For December 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30692b12-55af-48de-bad6-96028807aecf.pdf) |
| 2023-10-26 | [Board Meeting Outcome for Outcome Of Board Meeting Held On October 26, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c70dfe5e-ed39-4915-b89a-e413c670b6c9.pdf) |
| 2023-10-26 | [Results - Financial Results For Half Year Ended September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=de29ee2c-80a5-420f-99df-91cabf8fbdd5.pdf) |
| 2023-05-30 | [Results-Financials Results For The Half Year And The Financial Year Ended On March 31, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=38af141c-e61e-49e7-959f-4f4aac64842b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f915c63-6b4e-425b-828c-21d5074ee6f0.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7b3a2846-da8d-48ce-83e1-0051dd3f32fe.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59700cb0-265a-4ba3-8340-1c4c95af21a1.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/115a59d6-9d20-4c23-a9b7-41f315c77b1e.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72bc0114-a233-4e0f-bea9-2344dd2a76d5.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28427310-bd96-4a84-9ab1-bdfeaac35b8f.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514223/77037514223.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/514223/71923514223.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514223/66920514223.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/514223/5142230319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:16:21.103Z.