Skip to content
Kesar logo

Kesar India

543542 BSE
₹1,205.00

Close ·

P/E
74.25
View as Markdown
MCP
Close 4 Nov 2026 ₹1,205.00 +355.00 +41.8% 1Y
Start ₹850.00

Key Fundamentals

SMERealtyConsumer Discretionary

Price-based figures at the close · EPS basis: Consolidated · TTM

ROCE
23.20%
Debt to Equity
0.18
EPS (TTM)
₹16.23
Book Value
₹435.13
Market Cap
—
P/E (TTM)
74.25
P/B
2.77
ROE
20.00%
Dividend Yield
0.00%
EBITDA
₹46.20 Cr
52W High
₹1,341.00
52W Low
₹705.00

Tapetide Score

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

Overall score

44 Weak

Data confidence 98/100

Category scores

Quality
37
Weak
Returns, margins, earnings quality 22% weight
Valuation
20
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
85
Strong
Solvency, leverage, coverage 9% weight
Momentum
44
Weak
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
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

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3313
OscillatorsNeutral333
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
64.01
Neutral
MACD (12,26,9)
5.12
Bullish
SMA (50)
1,138.25
Bullish
SMA (200)
1,197.42
Bullish

As of

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
3Y+127.23%
1Y+62.96%

Net profit

Net profit growth by window
3Y+210.72%
1Y+50.00%

Operating cash flow

Operating cash flow growth by window
3YOutflow widened by ₹118 Cr
1YTurned negative

Operating margin· change in pp

Operating margin growth by window
3Y+17.76 pp
1Y−0.57 pp

Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹15.00 Cr
Mar 2024₹53.00 Cr
Mar 2025₹108 Cr
Mar 2026₹176 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023₹1.00 Cr
Mar 2024₹11.00 Cr
Mar 2025₹20.00 Cr
Mar 2026₹30.00 Cr

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 7
  • 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
  • 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

₹ Cr
543542 quarterly results, ₹ crore
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

Profit & Loss

₹ Cr
543542 profit and loss, annual, ₹ crore
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%
—

Balance Sheet

₹ Cr
543542 balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
543542 cash flow, annual, ₹ crore
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

Ratios

543542 financial ratios, annual
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 across FY22–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 69.23%
  • Public 16.69%
  • FIIs 14.08%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Not shown for some quarters: FIIs and Others. Not available separately for this quarter: the holding is recorded inside Others, so both are left blank rather than shown at a wrong split.

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kesar India

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 PE ratio of Kesar India Ltd?
Kesar India Ltd trades at a PE ratio of 74.25 as of 4 Nov 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 4 Nov 2026.
What is the Return on Equity (ROE) of Kesar India Ltd?
Kesar India Ltd reported a return on equity of 20.00%. 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 12 Jul 2022
Face Value ₹10

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: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

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 Indian stock market MCP server.

Explore More

More Realty stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month