Kesar India Ltd (KESAR) · mywealthgrid

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About

Kesar India Ltd is a mid-cap real estate developer with a market cap of ₹3,823.62 Cr, operating in residential and commercial projects within the consumer discretionary sector. The company's portfolio spans both asset classes, positioning it across key segments of India's real estate market.

Face value: ₹10

Market cap

₹3,426 Cr

P/E

115.6×

P/B

13.1×

Dividend yield

ROE

12%

ROCE

16.8%

Debt / equity

0.13

OPM

29%

EPS (TTM)

₹10.4

Book value

₹86.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Missing profitability metrics (PE n/a, ROE n/a, OPM n/a) and leverage ratio (D/E n/a) prevent assessment of earnings quality, operational efficiency, and debt burden — verify financial health before investing.
Stock trading near 52-week high (₹1,284.85) after a strong 97.21% 1y return — valuation risk and limited upside if investor sentiment shifts.
FII shareholding declined from 16.56% (March 2026) to 15.76% (June 2026) — verify if institutional confidence is wavering or reflects broader sector positioning.
Real estate sector exposure to execution delays, regulatory changes, and economic cycles — verify the company's project delivery track record and risk mitigation.

Generated analysis · source review pending

Growth drivers

India's real estate market growth from urbanization and housing trends — verify company's geographic footprint and project pipeline.
Project completion and delivery cycles — market cap of ₹3,823.62 Cr reflects investor confidence; verify project timelines, sales velocity, and revenue recognition.
Commercial real estate segment opportunity tied to corporate expansion — verify company's commercial portfolio strength and lease-up momentum.

Generated analysis · source review pending

867 historical price candles were omitted because the exchange source has not been verified.

₹1,134.4-5.5%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 29%
+Comfortable interest coverage of 12.9×
+High promoter holding of 70.2% with no pledge

Cons

−Expensive at 115.6× trailing earnings
−Trading at 13.1× book value
−Promoter holding fell 4.8 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 65
Valuation: 0

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	53	81	147
COGS	28	42	88
Gross profit	25	38	58
	11	14	16
	14	24	43
OPM %	26.5%	30.3%	29%
Depreciation	0	1	3
Interest	0	1	3
	1	2	4
Profit before tax	14	25	40
Tax	4	6	10
Tax %	28.4%	25.6%	25.7%
	10	19	30
PAT margin %	19.1%	23%	20.2%
EPS (₹)	20.9	7.4	11.5
EPS adjusted (₹)	—	—	10.4
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	—	29
Reserves	—	—	219
Minority interest	—	—	0
	—	—	31
	99	95	73
Total equity & liabilities	99	95	352
	—	3	6
CWIP	—	—	0
Investments	2	0	25
	97	92	320
Total assets	99	95	352

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	9	-10	-113
	-1	1	-56
	19	4	170
Net cash flow	27	-5	1
Free cash flow	9	-13	-118
CFO / Operating profit %	65.6%	-40.8%	-265.8%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 82%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 60%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 12%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.7%	47.3%	39.7%
EBITDA margin %	26.5%	30.3%	29%
EBIT margin %	25.9%	29.5%	27%
PAT margin %	19.1%	23%	20.2%
Working capital
Receivable days	—	—	31
Inventory days	731	382	402
Payable days	—	—	244
NWC days	—	—	190
Leverage
Current ratio	1.44	1.97	2.9
Debt to EBITDA	—	—	0.74
Debt to equity	—	—	0.13
Interest coverage	101.4	26.4	12.9
Asset turnover	0.53	0.85	0.42
Return ratios
Return on assets %	10.2%	19.4%	8.4%
Return on capital employed %	46.1%	64.2%	28.2%
Return on equity %	—	—	12%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99%	74.99%	74.73%	73.47%	71.99%	70.23%
	18.46%	18.22%	18.74%	16.72%	16.56%	15.76%
DII	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%
	6.55%	6.79%	6.53%	9.81%	11.45%	14.01%
No. of shareholders	359	341	338	282	368	723

Promoter holding down 4.76 percentage points since Sep 2024.

6 deals · 17 Aug 2026 – 4 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2026	MULTITUDE GROWTH FUNDS LIMITED	Bulk	BSE	Sell	9,86,000	₹1,150.00	₹113.39 Cr
4 Sept 2026	NORTH STAR OPPORTUNITIES FUND VCC-BULL VALUE INCORPORATED VCC SUB-FUND	Bulk	BSE	Buy	9,80,100	₹1,150.00	₹112.71 Cr
17 Aug 2026	FORBES EMF	Bulk	BSE	Sell	11,78,000	₹1,265.00	₹149.02 Cr
17 Aug 2026	MINERVA VENTURES FUND	Bulk	BSE	Buy	11,78,000	₹1,265.00	₹149.02 Cr
17 Aug 2026	MINERVA VENTURES FUND	Block	BSE	Buy	11,78,000	₹1,265.00	₹149.02 Cr
17 Aug 2026	FORBES EMF	Block	BSE	Sell	11,78,000	₹1,265.00	₹149.02 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Yash Gopal GuptaExecutive Director-Chairperson
Mr. Sachin Gopal GuptaExecutive Director-MD
Mrs. Sangeeta Gopal GuptaNon-Executive - Non Independent Director
Mr. Utsav Sumantkumar BhavsarNon-Executive - Independent Director
Mr. Ishwar LalNon-Executive - Independent Director
Mr. Akshay Vinod ParmarNon-Executive - Independent Director
Ms. Aditi Anup DeshmukhCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Kesar India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Bonus 6:119 Mar 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

1 Oct 2026, 8:02 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 3:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

10 Sept 2026, 8:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

9 Sept 2026, 7:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 8:30 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

8 Sept 2026, 8:27 pmAGM/EGM

Notice Of 22Nd Annual General Meeting Will Be Held On 30Th September, 2026

AGM PDF

4 Sept 2026, 9:43 pmCompany Update

Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011

General PDF

4 Sept 2026, 9:40 pmCompany Update

Disclosure Under Regulation 29 (2) Of SEBI (Substantial Acquisition Of Shares And Takeovers)Regulations, 2011

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 8:02 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 3:36 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	46.7%	47.3%	39.7%
EBITDA margin %	26.5%	30.3%	29%
EBIT margin %	25.9%	29.5%	27%
PAT margin %	19.1%	23%	20.2%
Working capital
Receivable days	—	—	31
Inventory days	731	382	402
Payable days	—	—	244
NWC days	—	—	190
Leverage
Current ratio	1.44	1.97	2.9
Debt to EBITDA	—	—	0.74
Debt to equity	—	—	0.13
Interest coverage	101.4	26.4	12.9
Asset turnover	0.53	0.85	0.42
Return ratios
Return on assets %	10.2%	19.4%	8.4%
Return on capital employed %	46.1%	64.2%	28.2%
Return on equity %	—	—	12%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Kesar India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Bonus issues1

Announcements

Ratio timeline

No fund holdings on record

Announcements

Annual reports

Bonus issues1

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1