MarketFriction

Kesoram Industries Ltd

NSE KESORAMIND · BSE 502937 · Cement & Cement Products
₹10.73 -1.74%
NSE close2026-10-01
52 week range4.55 - 14.26
Market cap₹336 Cr.
Price band 5% Delivery 54.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales606670675965676155656778
Expenses767581767072937274817988
Operating Profit-16-9-11-8-11-6-26-11-18-16-13-10
OPM %-27%-13%-15%-12%-19%-9%-38%-17%-34%-25%-19%-13%
Other Income-29-27-214-14-45-505,805-78434541
Interest776777666757
Depreciation6666661455555
Profit before tax-59-49-236-35-70-695,759-99-26631-21
Tax %-0%-0%2%75%-0%-0%-0%-0%-0%-0%-0%-2%
Net Profit-59-49-241-61-70-695,766-99-26631-20
EPS in Rs-1.89-1.58-7.75-1.98-2.25-2.23185.57-3.20-0.830.191.00-0.65
Mar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,8823,8423,8732,9042,6462,6533,6063,778246259248264
Expenses3,3193,8443,9432,8722,4172,2783,0943,507298310305321
Operating Profit562-3-7032229375512271-52-52-57-57
OPM %14%-0.1%-1.8%1.1%9%14%14%7%-21%-20%-23%-22%
Other Income80172795740-14814-103-2735,6961493
Interest12128344335734427650245027282425
Depreciation11213614610811311811210325322120
Profit before tax409-250-580-375-188-167-87-385-3775,585-88-9
Tax %7%-3%-0%-3%-0%-184%-11%-50%1%0%-0%
Net Profit379-242-578-363-188140-77-194-3815,565-88-9
EPS in Rs23.23-13.90-28.33-17.15-8.855.72-3.18-6.25-12.27179.12-2.84-0.29
Dividend Payout %7%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-38%-60%5%
Compounded Profit Growth%%%23%
Stock Price CAGR5%29%37%98%
Return on Equity109%277%527%-19%
Mar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital46117137143143165244311311311311
Reserves1,300680390-30-24033266163-21614159
Borrowings2,1423,2974,0993,1872,2372,0361,9021,9382,270199219
Other Liabilities8351,2381,4911,6711,0729981,0201,0241,01116277
Total Liabilities4,3225,3336,1174,9703,2123,2323,4333,4353,376813666
Fixed Assets1,8742,5442,8902,7722,1672,0812,0051,7361,728602539
CWIP865730790800313349653453
Investments49717208270777482807111
Other Assets1,5341,9881,7171,3179441,0411,3051,5511,533134113
Total Assets4,3225,3336,1174,9703,2123,2323,4333,4353,376813666
Mar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity37079177775787259324131-7737-107
Cash from Investing Activity-1,0351,694-1,137354-877-150-634975799
Cash from Financing Activity681-2,117662-1,823-218201-224-248-4-49-2
Net Cash Flow16-343-298-693-30830936-68-6-5-10
Free Cash Flow-614-277-48374475423328966-7940-76
CFO/OP81%-3,150%-277%2,336%323%69%63%48%138%-61%196%
Mar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days36505474274232366934643
Inventory Days1301221273241611401741971,00611182
Days Payable541412008066195935684632,18610573
Cash Conversion Cycle11231-19-408-431-411-362-230-4875252
Working Capital Days72-75-106-163-178-46-26-15-146-135-103
ROCE %-1%-0%6%15%19%10%-2%-5%-8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters43.40%43.40%43.34%43.34%43.34%43.34%43.34%43.34%43.34%43.34%43.34%43.34%
FIIs4.42%7.18%8.95%8.42%7.17%5.03%2.73%0.78%0.77%0.19%0.00%0.14%
DIIs10.78%13.37%12.82%16.31%17.42%16.02%15.95%8.18%7.40%4.05%4.05%3.99%
Government0.00%0.03%0.06%0.06%0.07%0.07%0.00%0.00%0.00%0.00%0.00%0.00%
Public41.38%36.01%34.83%31.86%32.01%35.55%37.98%47.69%48.50%52.41%52.60%52.51%
No. of Shareholders88,38091,48688,66987,73077,38973,75178,38186,82896,1671,08,8111,10,3211,06,672

Fundamentals

Market Cap₹ 336 Cr.
Current Price₹ 10.8
Book Value₹ 11.9
ROCE-8.48 %
ROE-18.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)23%
Consolidated figures.
Valuation
Market capRs 333 Cr
Enterprise valueRs 539 Cr
Price to book0.90x
Price to sales1.26x
EV / EBITDA15.06x
EV / EBIT35.12x
EV / sales2.04x
Earnings yield-2.69%
P/E, 3-year average0.02x
P/B, 3-year average1.23x
P/E, 5-year average0.02x
P/B, 5-year average0.80x
Profitability
Operating margin (excl. other income)-22.99%
Operating margin (incl. other income)-17.34%
EBITDA margin13.55%
Pre-tax margin-3.57%
Net profit margin-3.39%
Net margin, latest quarter-26.00%
ROE-21.45%
ROCE-10.35%
ROA-11.92%
ROE, 3-year average627.15%
ROCE, 3-year average115.74%
ROA, 3-year average80.87%
ROE, 5-year average364.02%
ROCE, 5-year average73.55%
ROA, 5-year average46.93%
ROIC (approx.)2.66%
Tax rate0.10%
Other income / net worth3.78%
Growth
Sales growth (latest year)-4.31%
Profit growth (latest year)-101.58%
Sales CAGR, 3 years-59.68%
Sales CAGR, 5 years-37.77%
Sales growth QoQ16.57%
Profit growth QoQ-164.98%
Sales growth YoY (latest quarter)27.21%
Per share
EPS (TTM)Rs -0.29
EPS (latest year)Rs -2.84
EPS (latest quarter)Rs -0.65
EPS, 3-year averageRs 54.67
EPS, 5-year averageRs 30.92
Book value per shareRs 11.91
Sales per shareRs 8.51
Cash flow per shareRs -3.44
Free cash flow per shareRs -2.45
Efficiency
Asset turnover0.37x
Fixed asset turnover0.46x
Inventory turnover6.51x
Inventory days56 days
Debtor days43 days
Debtors turnover8.53x
Creditor days73 days
Cash conversion cycle52 days
Working capital days-103 days
Leverage
Total debtRs 219 Cr
Cash and bankRs 13 Cr
Net debtRs 206 Cr
Debt to equity0.59x
Net debt / EBITDA5.75x
Interest coverage0.62x
Current ratio (filing 2026-03-31)0.66x
Quick ratio (filing 2026-03-31)0.46x
Trade payables (filing 2026-03-31)Rs 29 Cr
Owners' fund to total sources55.58%
Debt to assets32.82%
Cash flow
Cash from Operating Activity (latest year)Rs -107 Cr
Cash from Investing Activity (latest year)Rs 99 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs -76 Cr
FCFE (approx.: FCF + change in debt)Rs -56 Cr
Cash from ops / profit, 5 years0.06x
Statement figures
Net sales (TTM)Rs 264 Cr
Net sales (latest year)Rs 248 Cr
Sales (latest quarter)Rs 78 Cr
Operating profit excl. other income (latest year)Rs -57 Cr
Operating profit (latest quarter)Rs -10 Cr
Other income (TTM)Rs 93 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 11 Cr
Profit before tax (TTM)Rs -9 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -9 Cr
Net profit (latest year)Rs -88 Cr
Net profit (latest quarter)Rs -20 Cr
Depreciation (TTM)Rs 20 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 210 Cr
Total expenditure (latest year)Rs 305 Cr
Total income (latest year)Rs 262 Cr
Share capitalRs 311 Cr
ReservesRs 59 Cr
Shareholders' fundsRs 370 Cr
Total assetsRs 666 Cr
Net blockRs 539 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 11 Cr
ReceivablesRs 29 Cr
InventoryRs 32 Cr
Other liabilitiesRs 77 Cr
Shares outstanding (crore)31.07
Ownership
Promoter holding43.34% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.90 is at the 11th percentile (median 5.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKESORAMINDNifty 50Difference
1 week-5.8%-2.8% -3.0 pts
1 month-3.3%-6.8% +3.5 pts
3 months-2.5%-7.6% +5.2 pts
6 months+33.0%+0.4% +32.6 pts
1 year+79.7%-9.9% +89.7 pts
2 years-95.3%-13.6% -81.7 pts
3 years-87.7%+14.2% -101.9 pts
5 years-83.0%+27.9% -110.9 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -3% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹78 Cr +27.9% vs Jun 2025. Net loss ₹20 Cr.
Against our estimate for Jun 2026: sales +27.9%, profit -72.4% in line. Our estimate for Sep 2026: sales Rs 63 Cr, profit Rs -5 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-03-10Demerger
2024-07-02Annual General Meeting
2023-06-07Annual General Meeting
2022-06-09Annual General Meeting
2021-09-16 Rights 133:274 @ Premium Rs 40/-
2019-12-24 Demerger
2019-07-18 Annual General Meeting
2018-07-05 Annual General Meeting
2017-06-21 Annual General Meeting
2016-07-20 Annual General Meeting
2015-12-03 Annual General Meeting
2014-06-27Annual General Meeting
2013-07-19Annual General Meeting
2013-05-15Rights 7:5@Premium Rs.55 Per Share/Annual General Meeting / Dividend Re.1/- Per Equity Share (Purpose Revised)
2012-06-28Annual General Meeting And Dividend Re.1/- Per Share
2011-06-17Dividend-Rs.3.25 Per Share
2010-11-24Interim Dividend Rs 2.25 Per Share
2010-06-14Dividend-Rs.3.25 Pr Share
2009-11-16Int Div-Rs.2.25 Per Share
2009-06-09Agm/Div-Rs.3.25 Per Share
2008-11-17Int Div-Rs.2.25 Per Share
2008-06-09Div-Rs.5.50 Per Share
2007-06-15Agm
2007-03-20Int Div-Rs.4/- Per Sh Purpose Revised
2006-06-13Dividend-Rs.3/- Per Sh
DateTypeWhat it says
2026-09-30General UpdatesPostal Ballot Notice - Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
2026-09-29General UpdatesWith respect to Outcome of the Meeting of the Board of Directors-Cygnet Industries Limited, Wholly Owned Subsidiary of the Company
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-22CessationCessation of Mrs Rashmi Bihami as Non- Executive Independent Director of the company w.e.f. September 17, 2026.
2026-09-22CessationCessation of Mr Jitendra Kumar Agarwal as Non- Executive Independent Director of the company w.e.f. September 17, 2026.
2026-09-12General UpdatesGeneral Updates - Change in Control/Management of Cygnet Industries Limited, Wholly Owned Subsidiary of the Company
2026-09-12Address ChangeThe Registered office of the Company is being shifted from 9/1 R.N. Mukherjee Road, Birla Building, Kolkata- 700001 to East India House, 20B Abdul Ham...
2026-09-12AppointmentAppointment of Mr HHimanshu Ranjan as Non- Executive Independent Director of the company w.e.f. September 12, 2026.
2026-09-12AppointmentAppointment of Mr Gautam Agarwalla as Managing Director of the company w.e.f. September 12, 2026.
2026-09-12AppointmentAppointment of Mr Aninda Chatterjee as Non- Executive Independent Director of the company w.e.f. September 12, 2026.
2026-09-12AppointmentAppointment of Mrs Charu Rajgharia as Non- Executive Independent Director of the company w.e.f. September 12, 2026.
2026-09-12CessationCessation of Ms Jikyeong Kang as Non- Executive Director of the company w.e.f. September 12, 2026.
2026-09-12CessationCessation of Mr Satish Narain Jajoo as Non- Executive Independent Director of the company w.e.f. September 12, 2026.
2026-09-12CessationCessation of Mrs Mangala Radhakrishnan Prabhu as Non- Executive Director of the company w.e.f. September 12, 2026.
2026-09-12AppointmentAppointment of Mr Amit Agarwalla as Non- Executive Director of the company w.e.f. September 12, 2026.
2026-09-12Change in Company Secretary/Change in Company Secretary/Compliance Officer
2026-09-12Board meeting outcomeOutcome of Board Meeting held on September 12, 2026.
2026-08-19AppointmentAppointment of Mr Rishi Bajoria as Non- Executive Independent Director of the company w.e.f. August 18, 2026.
2026-08-19CessationCessation of Mr Rishi Bajoria as Non- Executive Independent Director of the company w.e.f. August 18, 2026.
2026-08-18UpdatesSummary of Proceeding of Annual General Meeting.
2026-08-18Shareholder meetingProceedings of Annual General Meeting held on August 18, 2026
2026-08-07General UpdatesGeneral Updates - Corrigendum to the Outcome of the Meeting of the Board of Directors held on 6th August, 2026
2026-08-06ResignationResignation of Director/KMP/SMP
2026-08-06ResignationResignation of Director/KMP/SMP
2026-08-06Board meeting outcomeOutcome of Board Meeting held on August 06, 2026.We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 6th A...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-01-29NCLTTHE COMMODITY HUB Vs KESORAM INDUSTRIES LIMITED
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of Kesoram Industries Ltd?

Kesoram Industries Ltd (KESORAMIND) has a market capitalisation of Rs 336 Cr. at the 2026-10-01 close.

What were Kesoram Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Kesoram Industries Ltd sales was Rs 78 Cr (+27.9% vs Jun 2025) with a net loss of Rs 20 Cr.

What is the 52-week high and low of Kesoram Industries Ltd?

The 52-week high is Rs 14.26 and the 52-week low is Rs 4.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03