Kesar Enterprises Ltd (KESARENT)

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Kesar Enterprises Ltd (KESARENT) · mywealthgrid

About

Kesar Enterprises Ltd operates in Sugar within the Consumer Staples sector.

Face value: ₹1

Market cap

₹128 Cr

P/E

1.4×

P/B

1.8×

Dividend yield

ROE

-50.8%

ROCE

-15.9%

Debt / equity

0.46

OPM

-7.5%

EPS (TTM)

₹8.9

Book value

₹7.1

52-week high

—

52-week low

—

1,410 historical price candles were omitted because the exchange source has not been verified.

₹12.7+3.9%1Y

Quick read

rule-based

Pros

+High promoter holding of 70.5% with no pledge

Cons

−Low return on equity of -10.4% (3-yr avg)
−Revenue shrank over the last 5 years (-11.1% a year)
−Weak interest coverage of -2.4×

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 15
Growth: 52
Valuation: 98

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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Balrampur Chini Mills LimitedBALRAMCHINBALRAMCHIN	₹13,714 Cr	₹16,884 Cr	₹6,366 Cr	₹721 Cr	11.8%	₹371 Cr	6%	12%	9.5%	236
Triveni Engineering & Industries LimitedTRIVENITRIVENI	₹5,055 Cr	₹7,202 Cr	₹7,617 Cr	₹547 Cr	7.2%	₹281 Cr	3.5%	12.5%	8.3%	229
Bajaj Hindusthan Sugar LimitedBAJAJHINDBAJAJHIND	₹4,556 Cr	₹8,101 Cr	₹5,332 Cr	₹273 Cr	6.7%	₹116 Cr	2.3%	2%	3.2%	-58
Shree Renuka Sugars LimitedRENUKARENUKA	₹4,542 Cr	₹11,693 Cr	₹9,365 Cr	₹29 Cr	0.2%	₹-780 Cr	-8.6%	-10.6%	—	17
Bannari Amman Sugars LimitedBANARISUGBANARISUG	₹4,126 Cr	₹4,134 Cr	₹1,671 Cr	₹156 Cr	10.3%	₹122 Cr	7.7%	9%	8%	137
Dalmia Bharat Sugar And Industries LimitedDALMIASUGDALMIASUG	₹3,209 Cr	₹5,000 Cr	₹3,378 Cr	₹421 Cr	11.8%	₹240 Cr	6.5%	10.1%	7.7%	230
Avadh Sugar & Energy LimitedAVADHSUGARAVADHSUGAR	₹1,529 Cr	₹2,935 Cr	₹2,756 Cr	₹229 Cr	8.2%	₹66 Cr	2.1%	10.7%	5.2%	225
Dhampur Sugar Mills LimitedDHAMPURSUGDHAMPURSUG	₹1,100 Cr	₹1,979 Cr	₹2,853 Cr	₹182 Cr	6.2%	₹70 Cr	2.3%	9.3%	5.5%	183
Uttam Sugar Mills LimitedUTTAMSUGARUTTAMSUGAR	₹1,052 Cr	₹1,774 Cr	₹2,179 Cr	₹205 Cr	10.4%	₹87 Cr	4.6%	18.1%	12%	180
Zuari Industries LimitedZUARIINDZUARIIND	₹840 Cr	₹3,438 Cr	₹1,099 Cr	₹60 Cr	6.8%	₹109 Cr	10.1%	2.5%	2.5%	356
Dhampur Bio Organics LimitedDBOLDBOL	₹803 Cr	₹1,857 Cr	₹3,268 Cr	₹138 Cr	4.2%	₹84 Cr	0.8%	7.9%	2.5%	213
Dwarikesh Sugar Industries LimitedDWARKESHDWARKESH	₹778 Cr	₹1,111 Cr	₹1,355 Cr	₹57 Cr	6.2%	₹15 Cr	2.2%	5.9%	3.8%	235

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	228	372	314	403	518	547	469	553	531	334	305
COGS	-56	-178	259	329	-86	451	384	467	423	305	266
Gross profit	—	—	54	74	—	97	85	86	108	29	38
	265	487	41	53	540	68	72	85	84	69	61
	20	63	13	22	64	29	13	1	24	-40	-23
OPM %	8.8%	17%	4.2%	5.4%	12.3%	5.3%	2.7%	0.1%	4.5%	-12.1%	-7.5%
Depreciation	21	19	18	19	18	19	18	19	18	21	23
Interest	33	40	43	45	46	27	26	27	14	13	14
	1	3	1	2	3	107	3	2	92	1	12
Profit before tax	-32	8	-47	-40	2	90	-29	-44	84	-72	—
Tax	—	—	0	0	—	0	0	0	0	0	0
Tax %	—	—	0%	0%	—	0%	0.6%	0%	0%	0.2%	—
	-36	8	-47	-40	2	90	-29	-44	84	-73	-48
PAT margin %	-15.7%	2.2%	-14.9%	-10%	0.4%	16.4%	-6.2%	-8%	15.7%	-21.7%	-15.9%
EPS (₹)	-35.8	8.1	-46.4	-39.9	2.3	89.1	-28.7	-43.7	82.9	-72.1	-4.8
EPS adjusted (₹)	—	0.8	-4.6	-4	0.2	8.9	-2.9	-4.4	8.3	-7.2	-4.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10	10	10	10
Reserves	139	147	46	—	124	95	50	182	109	62
	273	111	94	—	49	28	28	10	8	33
	228	331	502	—	446	491	500	429	396	348
Total equity & liabilities	650	599	652	—	629	624	588	631	523	453
	—	—	—	463	433	457	439	468	447	—
CWIP	—	—	—	—	17	1	2	0	0	—
Investments	20	20	9	—	12	10	5	8	8	3
	630	579	643	—	167	156	143	155	68	450
Total assets	650	599	652	—	629	624	588	631	523	453

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.5%	—	17.7%	18.1%	15.5%	20.3%	8.6%	12.5%
EBITDA margin %	5.4%	12.3%	5.3%	2.7%	0.1%	4.5%	-12.1%	-7.5%
EBIT margin %	0.7%	8.7%	1.7%	-1.2%	-3.3%	1%	-18.3%	-15.1%
PAT margin %	-10%	0.4%	16.4%	-6.2%	-8%	15.7%	-21.7%	-15.9%
Working capital
Receivable days	49	—	23	15	6	9	6	6
Inventory days	127	—	74	96	81	91	42	6
Payable days	—	—	163	195	187	227	242	—
NWC days	—	—	-66	-85	-99	-127	-194	—
Leverage
Current ratio	—	—	0.36	0.31	0.27	0.36	0.17	—
Debt to EBITDA	4.3	—	1.69	2.21	46.68	0.42	—	—
Debt to equity	1.67	—	0.36	0.27	0.47	0.05	0.07	0.46
Interest coverage	0.1	1.1	4.3	-0.1	-0.6	7	-4.8	-2.4
Asset turnover	0.62	—	0.87	0.75	0.94	0.84	0.64	0.67
Return ratios
Return on assets %	-6.2%	—	14.3%	-4.6%	-7.5%	13.3%	-13.9%	-10.7%
Return on capital employed %	1%	—	66.8%	-2.1%	-17.8%	67.3%	-32.5%	-15.9%
Return on equity %	-71.7%	—	67.1%	-27.6%	-73.8%	43.6%	-61.2%	-67.2%

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 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.98%	70.98%	70.98%	70.94%	70.91%	70.9%	70.77%	70.73%	70.73%	70.53%	70.53%	70.53%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.75%	1.73%	1.73%	1.52%	1.52%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.27%	27.27%	27.27%	27.31%	27.34%	27.35%	27.48%	27.52%	27.54%	27.74%	27.95%	27.95%
No. of shareholders	—	—	—	—	—	—	—	—	5,111	5,520	5,686	5,607

Promoter holding down 0.45 percentage points since Sep 2023.

4 deals · 15 Nov 2021 – 1 Feb 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Feb 2024	BHADRESHKUMAR JASHWANTLAL SHAH	Bulk	BSE	Buy	80,500	₹116.79	₹0.94 Cr
1 Feb 2024	RAVIRAJ DEVELOPERS LIMITED	Bulk	BSE	Sell	80,000	₹116.79	₹0.93 Cr
15 Nov 2021	M T CORPORATION	Bulk	BSE	Sell	65,000	₹83.00	₹0.54 Cr
15 Nov 2021	KIRTIKUMAR KANTILAL SHAH	Bulk	BSE	Buy	65,000	₹83.00	₹0.54 Cr

1–4 of 4

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. HARSH RAJNIKANT KILACHANDExecutive Director-Chairperson
Mr. MAHESH AMBALAL KUVADIANon-Executive - Independent Director
Mrs. RANJANA ASHOK SINHANon-Executive - Independent Director
Mr. NARENDRA MAIRPADYNon-Executive - Independent Director
Mr. DEVENDRA JITENDRA SHAHNon-Executive - Non Independent Director
Mr. Sharat MishraChief Executive Officer & Chief Financial Officer
Mr. Gaurav SharmaGeneral Manager - Legal, Company 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 Enterprises 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

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Events

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

4

Dividend dividend8 Nov 2011 · ex-date₹1
Dividend dividend14 Dec 2010 · ex-date₹1
Dividend dividend11 Dec 2009 · ex-date₹3
Dividend dividend23 Oct 2008 · ex-date₹0.5

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹118 Sept 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

11 Sept 2026, 4:59 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 7:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Restructuring

Restructuring PDF

8 Sept 2026, 7:18 pmOthers

Board Meeting Outcome for Approval For Slump Sale Of Sugar, Distillery And Cogen Divisions Of The Company''s Undertaking Located At Bihar, UP.

Outcome without intimation PDF

26 Aug 2026, 12:31 pmCompany Update

Announcement Under Regulation 30 Of SEBI (LODR)

General PDF

21 Aug 2026, 4:31 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

20 Aug 2026, 5:02 pmCompany Update

Announcement Under Reg.30 Of SEBI (LODR) Regulations - Chairman Speech

General PDF

20 Aug 2026, 4:56 pmCompany Update

Announcement Under Regulation 30 Of SEBI (LODR) Regulations

General PDF

20 Aug 2026, 4:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
11 Sept 2026, 4:59 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 7:25 pm	Company Update Restructuring	Announcement under Regulation 30 (LODR)-Restructuring

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	18.5%	—	17.7%	18.1%	15.5%	20.3%	8.6%	12.5%
EBITDA margin %	5.4%	12.3%	5.3%	2.7%	0.1%	4.5%	-12.1%	-7.5%
EBIT margin %	0.7%	8.7%	1.7%	-1.2%	-3.3%	1%	-18.3%	-15.1%
PAT margin %	-10%	0.4%	16.4%	-6.2%	-8%	15.7%	-21.7%	-15.9%
Working capital
Receivable days	49	—	23	15	6	9	6	6
Inventory days	127	—	74	96	81	91	42	6
Payable days	—	—	163	195	187	227	242	—
NWC days	—	—	-66	-85	-99	-127	-194	—
Leverage
Current ratio	—	—	0.36	0.31	0.27	0.36	0.17	—
Debt to EBITDA	4.3	—	1.69	2.21	46.68	0.42	—	—
Debt to equity	1.67	—	0.36	0.27	0.47	0.05	0.07	0.46
Interest coverage	0.1	1.1	4.3	-0.1	-0.6	7	-4.8	-2.4
Asset turnover	0.62	—	0.87	0.75	0.94	0.84	0.64	0.67
Return ratios
Return on assets %	-6.2%	—	14.3%	-4.6%	-7.5%	13.3%	-13.9%	-10.7%
Return on capital employed %	1%	—	66.8%	-2.1%	-17.8%	67.3%	-32.5%	-15.9%
Return on equity %	-71.7%	—	67.1%	-27.6%	-73.8%	43.6%	-61.2%	-67.2%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20	18	31	79	63	52	12	57	-5	-25
	2	-1	-16	-19	-22	-24	3	0	0	13
	-27	-15	-15	-52	-25	-27	-34	-55	-4	15
Net cash flow	-5	—	—	—	16	1	-19	3	-9	3
Free cash flow	—	—	—	—	50	22	9	56	-5	-25
CFO / Operating profit %	31.6%	135.6%	141.4%	124.7%	218.2%	407.7%	—	242.2%	—	—

Kesar Enterprises Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

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

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Dividends4

Board meetings1

Stock splits1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

4

1

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4

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