Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
KSE Ltd (KSE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519421 NSE: KSE Animal Feed | Small Cap | KSE Share Price
₹183.75 -12.90 (-6.56%)
As on 21-Aug'26 16:59
KSE Ltd (KSE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 519421 NSE: KSE Animal Feed | Small Cap | KSE Share Price
₹183.75 -12.90 (-6.56%)
As on 21-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹588 Cr.
Current Price
₹183.8
52-Week Low / High
₹174 / 285
TTM EPS
₹14.5
TTM Sales
₹1,718 Cr.
Book Value per Share
₹109.5
P/E Ratio
12.66
Higher than its 5-year historical median
Industry PE
21.7
Price to Book (P/B)
1.68
Lower than its 5-year historical median
Price to Sales (P/S)
0.34
Lower than its 5-year historical median
EV/EBITDA
7.76
Lower than its 5-year historical median
Dividend Yield
6.8%
Profitability Efficiency
Return on Equity (ROE)
26.01%
Outperforms industry median
Return on Capital Employed (ROCE)
33.62%
Outperforms industry median
Return on Assets (ROA)
21.79%
Operating Profit Margin
6.5%
Net Profit Margin
5%
Gross Profit Margin
7.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.88%
Operating Profit Growth (1 Year)
-
-8.86%
Net Profit Growth (1 Year)
-
-7.96%
Asset Quality
Promoter Holding
22.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹347 Cr.
Equity
₹3.2 Cr.
Face Value
₹1
All Time Low / High
₹2.90 / 400.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is KSE Ltd a good quality company?
KSE Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does KSE Ltd performance compare with that of its Peers?
Revenue growth of KSE Ltd vs industry peers?
KSE Ltd revenue CAGR is 1.72%, compared to the industry median CAGR of 8.15%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of KSE Ltd?
Promoters hold 22.95% of the KSE Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of KSE Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KSE Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 26.9% | 70.2% | 8.9% | 16.9% | 68.7% | 4.3% | -0.4% | 11.3% | 44.2% | 33.6% | - |
| Value Creation Index ⓘ | 0.9 | 4.0 | -0.4 | 0.2 | 3.9 | -0.7 | -1.0 | -0.2 | 2.2 | 1.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,650 | 1,680 | 1,718 |
| Sales YoY Gr. | - | 24.5% | -7.3% | 18.1% | 8% | 8.2% | -3.6% | 4.6% | -2% | 1.9% | - |
| Adj EPS ⓘ | 5 | 21.3 | 2.5 | 5.9 | 33.8 | 2.7 | -1 | 6.4 | 27.9 | 26.3 | 14.5 |
| YoY Gr. | - | 329.2% | -88.4% | 138.1% | 475.3% | -92.1% | -138% | NA | 335.6% | -5.8% | - |
| BVPS (₹) ⓘ | 27.1 | 44.9 | 40.6 | 44.4 | 76 | 69.6 | 66.9 | 70.3 | 92.7 | 109.2 | 109.5 |
| Adj Net Profit ⓘ | 15.9 | 68.3 | 7.9 | 18.8 | 108 | 8.5 | -3.2 | 20.5 | 89.2 | 84 | 46 |
| Cash Flow from Ops. ⓘ | 23.8 | 64.5 | -12.6 | 34.7 | 34.2 | 3.8 | 34.3 | -15 | 143 | 53.5 | - |
| Debt/CF from Ops. ⓘ | 1.7 | 0.7 | -3.4 | 0.4 | 1.2 | 5 | 0.6 | -1.4 | 0.2 | 0.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.4% | 1.7% | 1.4% | 1.9% | ||||
| Adj EPS ⓘ | 20.3% | -4.9% | NA | -5.8% | ||||
| BVPSⓘ | 16.8% | 7.5% | 17.8% | 17.8% | ||||
| Share Price | 12.5% | -1.6% | 4.2% | -23.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 20.1 | 59.3 | 5.8 | 13.9 | 56.2 | 3.7 | -1.5 | 9.3 | 34.2 | 26 | 13.3 |
| Op. Profit Mgn % ⓘ | 2.8 | 8.3 | 1.1 | 1.9 | 9 | 0.7 | -0.2 | 1.9 | 7.3 | 6.5 | 3.5 |
| Net Profit Mgn % ⓘ | 1.5 | 5.2 | 0.7 | 1.3 | 7 | 0.5 | -0.2 | 1.2 | 5.4 | 5 | 2.7 |
| Debt to Equity ⓘ | 0.5 | 0.3 | 0.3 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 28 | 25 | 30 | 25 | 33 | 40 | 37 | 35 | 34 | 32 | 38 |
| Cash Conv. Cycle ⓘ | 23 | 20 | 23 | 20 | 26 | 32 | 29 | 28 | 28 | 26 | 33 |
Valuation of KSE - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,047 | 1,304 | 1,209 | 1,429 | 1,543 | 1,670 | 1,610 | 1,683 | 1,650 | 1,680 |
| Operating Expenses ⓘ + | 1,018 | 1,196 | 1,196 | 1,402 | 1,404 | 1,659 | 1,613 | 1,651 | 1,529 | 1,571 |
| Operating Profit ⓘ | 29 | 108 | 13 | 26 | 139 | 11 | -3 | 32 | 120 | 110 |
| Operating Profit Margin (%) | 2.8% | 8.3% | 1.1% | 1.8% | 9.0% | 0.7% | -0.2% | 1.9% | 7.3% | 6.5% |
| Other Income ⓘ + | 2 | 5 | 8 | 4 | 8 | 6 | 6 | 4 | 8 | 15 |
| Interest ⓘ | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 3 |
| Depreciation ⓘ | 3 | 4 | 3 | 3 | 2 | 3 | 4 | 5 | 6 | 8 |
| Profit Before Tax ⓘ | 26 | 109 | 15 | 26 | 150 | 9 | -3 | 24 | 123 | 114 |
| Tax ⓘ | 10 | 39 | 5 | 7 | 37 | 3 | -1 | 7 | 31 | 30 |
| Profit After Tax | 16 | 70 | 9 | 19 | 113 | 7 | -2 | 18 | 91 | 84 |
| PAT Margin (%) | 1.6% | 5.3% | 0.8% | 1.3% | 7.3% | 0.4% | -0.2% | 1.1% | 5.5% | 5.0% |
| Adjusted EPS (₹) | 5.1 | 21.8 | 3.0 | 5.9 | 35.3 | 2.1 | -0.7 | 5.5 | 28.5 | 26.3 |
| Dividend Payout Ratio (%) | 58.70% | 27.60% | 50.90% | 33.90% | 28.30% | 97.40% | -268.80% | 54.50% | 28% | 47.60% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 87 | 144 | 130 | 142 | 243 | 223 | 214 | 225 | 297 | 350 | |
| Debt + | 37 | 40 | 40 | 12 | 36 | 15 | 14 | 14 | 17 | 18 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 8 | 15 | 8 | 7 | 19 | 19 | 15 | 8 | 9 | 10 | |
| Others Liabilities ⓘ | 25 | 30 | 19 | 28 | 37 | 25 | 25 | 31 | 33 | 38 | |
| Total Liabilities ⓘ | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 277 | 356 | 415 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 29 | 27 | 26 | 25 | 24 | 38 | 40 | 43 | 58 | 60 | |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 6 | 4 | 2 | |
| Investments ⓘ | 35 | 83 | 43 | 66 | 116 | 47 | 66 | 37 | 113 | 150 | |
| Inventories | 74 | 91 | 88 | 82 | 170 | 162 | 122 | 155 | 112 | 143 | |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 2 | 1 | |
| Cash Equivalents | 11 | 21 | 26 | 2 | 8 | 17 | 13 | 13 | 51 | 40 | |
| Others Assets ⓘ | 6 | 7 | 15 | 14 | 15 | 13 | 22 | 22 | 16 | 19 | |
| Total Assets ⓘ | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 277 | 356 | 415 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 24 | 65 | -13 | 35 | 34 | 4 | 34 | -15 | 143 | 54 |
| Cash Flow From Investing Activity ⓘ + | -41 | -53 | 37 | -10 | -42 | 55 | -32 | 24 | -118 | -9 |
| Cash Flow From Financing Activity ⓘ + | 18 | -8 | -26 | -35 | 13 | -51 | -8 | -7 | -19 | -33 |
| Net Cash Flow ⓘ | 1 | 3 | -1 | -11 | 6 | 8 | -6 | 2 | 6 | 11 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.67 | 60.44 | 6.89 | 13.91 | 58.65 | 2.82 | -1.09 | 8.02 | 35.01 | 26.01 |
| ROCE (%) | 26.93 | 70.16 | 8.88 | 16.86 | 68.73 | 4.29 | -0.36 | 11.34 | 44.19 | 33.62 |
| Asset Turnover Ratio | 7.73 | 6.76 | 5.67 | 7.38 | 5.88 | 5.43 | 5.87 | 6.18 | 5.21 | 4.36 |
| PAT to CFO Conversion(x) | 1.5 | 0.93 | -1.44 | 1.84 | 0.3 | 0.57 | N/A | -0.83 | 1.57 | 0.64 |
| Working Capital Days | ||||||||||
| Receivable Days | 0 | 0 | 0.10 | 0.10 | 0.10 | 0.20 | 0.30 | 0.30 | 0.30 | 0.30 |
| Inventory Days | 25.70 | 23.10 | 26.90 | 21.70 | 29.80 | 36.30 | 32.30 | 30.10 | 29.60 | 27.70 |
| Payable Days | 3.10 | 3.90 | 4 | 2.20 | 3.80 | 4.70 | 4.20 | 2.80 | 2.30 | 2.50 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
KSE Ltd FAQs
The current trading price of KSE on 21-Aug-2026 16:59 is ₹183.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Aug-2026 the market cap of KSE stood at ₹588.0 Cr
The latest P/E ratio of KSE as of 20-Aug-2026 is 12.66.
The latest P/B ratio of KSE as of 20-Aug-2026 is 1.68.
The 52-week high of KSE is ₹284.9 and the 52-week low is ₹174.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KSE is ₹1,718 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that KSE Ltd is a average quality company.
The key valuation ratios of KSE Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of KSE Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About KSE Ltd
Kerala Solvent Extractions Ltd. now known as KSE Ltd. entered the solvent extraction industry in 1963 by setting up the very first solvent extraction plant in Kerala. The solvent extraction plant went on stream in 1972 and in 1976, a new plant was set up to manufacture ready mixed cattle feed.
The last three decades have seen KSE emerging as a leader in solvent extraction and ready mixed cattlefeed in the country. Today KSE commands the resources, expertise and infrastructure to manufacture a range of livestock feed in high volumes, coconut oil from coconut oil cake and refined edible oil.
Driven by a commitment to high standards of quality, KSE has not only won customer confidence but also national recognition through several awards and accolades. With modern manufacturing facilities spread over three states, KSE caters to the vast belt stretching across southern India and enjoys a significant presence in exports too.
KSE, a company having an annual turnover of Rs 187 crore, is the largest manufacturer of cattle feed. It provides employment to around 1500 numbers directly and another 5000 indirectly. Its shares are being listed in three stock exchanges in Cochin, Chennai and Mumbai. The Company commenced its production in the year 1972.
It is marketing annually about 1.80 lakh tones of superior quality cattle feed. KSE had successfully launched its Vesta Brand ice cream which has been well accepted in the market for its matching international quality standards. KSE plans to add more ice cream production units across Kerala in the coming years to serve all pockets.
KSE is in the oil extraction Industry for the past 31 years. It is having two solvent plants with processing capacity of 100 tonnes per day. The Company has also a chemical oil refining plant of 20 tonnes per day.
The company has secured the National Productivity Award for the year 2001-2002 for being first in terms of production efficiency in the animal feed sector. This is the sixth time in a row that the company is being selected for this most coveted award.The Company is having six Units at different locations. The relation with the labour Unions of all these Units is very warm and cordial.
KSE, with a capital base of Rs 36 crore embarks on an expansion to double its solvent extraction capacity and add a most modern ecofriendly vegetable refining plant. The company has already identified 6 acres of land in the KINFRA Small Industries Park, Koratty for this expansion.
In the first phase, the company plans to install one 200 MT per day solvent plant for processing oil cakes and also a 100 MT per day physical refining plant. Both these plants will be of international standard using most modern technologies, where the process loss is kept to the minimum. The project will generate direct employment to 125 and indirect employment to another 500 numbers. In the second phase, a 100 MT per day oil fractionation unit will also be added.
Product range of the company includes:
- KS Vesta ice cream
- KS milk
- KS cattle feed
Milestones :
- 1972 Solvent plant commences operation.
- 1976 Mixed cattle feed production begins.
- 1987Cattle feed production reaches 180 tonnes. Introduction of computers in the factory and office.
- 1988 A new mixed cattle feed plant starts operation at Swaminathapuram, in Tamil Nadu with a daily production capacity of 180 tonnes.
- 1989 A solvent unit with a capacity of 120 tonnes per day commences operation at the Tamil Nadu plant.
- 1990 Introduction of KS Supreme Pellets , a bypass protein cattle feed in the market.
- 1991Opens its Palghat branch.
- 1992 Cattle feed manufacturing begins in third party units.
- 1993- Enters export market.
- 1994 - Introduction of feed supplement KS Forte. Public issue and listing of shares.
- 1995- Vegetable oil refining plant commissioned . KS Supreme - Sunflower Refined Oil launched .Calicut branch opens.
- 1996- 240 TPD cattle feed commences at Vedagiri, Kottayam Dist., Kerala.
- 1997 - Company renamed as KSE Ltd.
- 1998- Fourth feed production unit at Palghat. Launches dairy project .
- 1999- A modern childrens' park and information centre has been completeed at Irinjalakuda for the benefit of the public. Comapny introduces KS Delux Plus the new pelleted feed in HDPE bags for Kerala market.
- 2000- Company starts production and distribution of milk and milk products from Konikkara and Thalaysthu Dairy Units.
Achievements/ recognition:
- Kerala's first solvent extraction plant
- No:1 in processing coconut oil cake through solvent extraction in India
- Winner of S.E.A. National Awards and State Productivity and Safety Awards for many years
- Front-ranker in mixed cattle feed production in India
- Recognition from Animal Nutrition Society for contributions in cattle feed manufacturing
- Kerala's first export mixed cattle feed
- First in South India to manufacture and distribute bypass protein cattle feed
- The name trusted by millions of people
- SEA AWARD -2005-06 - received for 16 years consecutively.
You have 48 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
