Kesar Enterprises Ltd - Stock Valuation and Financial Performance

BSE: 507180 | NSE: KESARENT | Sugar | Small Cap

Kesar Enterprises Share Price

106 0.00 0.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kesar Enterprises

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Kesar Enterprises stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
106.8 Cr.
52-wk low:
50.3
52-wk high:
166.4

Is Kesar Enterprises Ltd an attractive stock to invest in?

1. Is Kesar Enterprises Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kesar Enterprises Ltd is a average quality company.

2. Is Kesar Enterprises Ltd undervalued or overvalued?

The key valuation ratios of Kesar Enterprises Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Kesar Enterprises Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kesar Enterprises Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Kesar Enterprises:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Kesar Enterprises Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Jun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.2%-14.4%-5.9%10.4%-6.1%-4.4%10.7%51.9%-5.1%-14.3%-
Value Creation
Index
-0.9NANA-0.3NANA-0.22.7NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 338292255373313403518547469553548
Sales YoY Gr.--13.5%-12.8%46.4%-16.1%28.8%28.5%5.7%-14.3%17.8%-
Adj EPS -20.9-79.7-42.26.2-46.4-40.31.488.7-29.1-44-27
YoY Gr.-NANANA-848.1%NANA6375.9%-132.8%NA-
BVPS (₹) 4.3-76.5-125.4-122.8-167.1-204-199-101.4-124-162.3-201.2
Adj Net
Profit
-18-79.7-42.56.3-46.8-40.61.489.4-29.3-44.3-27
Cash Flow from Ops. -21.792.152.82017.830.879.262.951.612.1-
Debt/CF from Ops. -19.92.54.87.17.641.51.81.97.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%12%2.2%17.8%
Adj EPS NANA-417.8%NA
BVPS-249.8%NANANA
Share Price 19.3% 28.8% 37.5% 76.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-7.6-71.3-68.66-35.9-50.92.595.6-24.6-53.914.8
Op. Profit
Mgn %
9.5-9.45.617.34.25.48.25.52.70.23
Net Profit
Mgn %
-5.3-27.3-16.71.7-14.9-10.10.316.3-6.3-8-5
Debt to
Equity
99.1-3-2-1.2-0.8-0.6-0.6-1.1-0.8-0.6-
Working Cap
Days
21410511899122132115981068830
Cash Conv.
Cycle
86-14-45-8233-30-44-61-67-210

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.80%

Sales growth has been subdued in last 3 years 2.19%

Net Profit has been subdued in last 3 years -417.82%

Sales growth is not so good in last 4 quarters at -1.48%

Latest Financials - Kesar Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) -27 10.9
TTM Sales (₹ Cr.) 548 216
BVPS (₹.) -201.2 0
Reserves (₹ Cr.) -213 37
P/BV -0.53 0.00
PE 0.00 9.75
From the Market
52 Week Low / High (₹) 50.25 / 166.40
All Time Low / High (₹) 2.30 / 279.75
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 10.1
Face Value (₹) 10
Industry PE 14.5

Management X-Ray of Kesar Enterprises:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kesar Enterprises

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales338438318373313403518547469553
Operating Expenses 306480301309300381475519457552
Manufacturing Costs32431811162631283337
Material Costs232382246268256325407446380463
Employee Cost 25332517222327303238
Other Costs 162211136711141214
Operating Profit 32-42186413224329131
Operating Profit Margin (%) 9.5%-9.5%5.6%17.2%4.2%5.4%8.2%5.3%2.7%0.1%
Other Income 221212310732
Interest 36574241434525272627
Depreciation 15242619181918191819
Exceptional Items 0000000000
Profit Before Tax -17-120-496-47-40290-29-44
Tax 0040000000
Profit After Tax -17-120-536-47-40290-29-44
PAT Margin (%) -4.9%-27.4%-16.7%1.7%-14.9%-10.0%0.4%16.4%-6.2%-8.0%
Adjusted EPS (₹)-19.4-120.0-52.86.1-46.4-39.92.389.1-28.7-43.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23110451157103565313410560
Share Capital 9101010101010101010
Reserves 22294411479346431249550
Minority Interest0000000000
Debt407328273111979464492828
Long Term Debt1311361192084382100
Short Term Debt27619215491909026282828
Trade Payables10310215283110177180202206239
Others Liabilities 634576249290326334246286263
Total Liabilities 804579552600601653631630625589

Fixed Assets

Gross Block593587588662662665695665707707
Accumulated Depreciation108137162177195214232232250268
Net Fixed Assets486450426485467451463433457439
CWIP 110001451712
Investments 11120139212105
Inventories220847625801149491101104
Trade Receivables6215353729544835199
Cash Equivalents 9361331026279
Others Assets26269318610171122
Total Assets 804579552600601653631630625589

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -221386620183179635212
PBT -17-120-496-47-40290-29-44
Adjustment 50816965626341-564346
Changes in Working Capital -5517446-513836293811
Tax Paid 0300000000
Cash Flow From Investing Activity -262-12-1-16-19-22-243
Capex -272-10-2-15-21-13-29-3
Net Investments 00020-11-945
Others 1100000021
Cash Flow From Financing Activity 55-148-61-27-15-15-52-25-27-34
Net Proceeds from Shares 8300000000
Net Proceeds from Borrowing 9-29340000000
Interest Paid -35-58-37-21-8-1-7-2-10-5
Dividend Paid 0000000000
Others 73-64-59-6-7-13-45-23-17-29
Net Cash Flow 7-74-5108161-19
PARTICULARSJun'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-211.83000000000
ROCE (%)4.94-19.07-3.6653.59000000
Asset Turnover Ratio0.621.080.670.680.520.640.810.870.750.91
PAT to CFO Conversion(x)N/AN/AN/A3.33N/AN/A39.50.7N/AN/A
Working Capital Days
Receivable Days3019243439383628219
Inventory Days160747747618873627568
Payable Days14998188160138162160156196176

Kesar Enterprises Ltd Stock News

Kesar Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kesar Enterprises on 28-Mar-2024 16:01 is ₹106.0.
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 28-Mar-2024 16:01 the market cap of Kesar Enterprises stood at ₹106.8.
The latest P/E ratio of Kesar Enterprises as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Kesar Enterprises as of 28-Mar-2024 16:01 is -0.53.
The 52-week high of Kesar Enterprises is ₹166.4 and the 52-week low is ₹50.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kesar Enterprises is ₹548.2 ( Cr.) .

About Kesar Enterprises Ltd

The origin of Kesar Enterprises (KEL) can be traced back to over a hundred years ago, when Kilachand Devchand strode a confident path to Bombay from a distant village in Gujarat. Since then, he and his succeeding generations have pioneered the formation and rise of the Kilachand Group, one of the large houses for industry and trade in cotton and oilseeds. They have, in tune with the needs of a growing nation, included shipping, aircraft, banking, automobiles, marketing, insurance, thermoplastics, synthetic rubber and textiles in an ever widening sphere of industry.

Established in the year 1933, Kesar Enterprises(KEL) is presently engaged in a wide galaxy of diversified activities. It grew as a member of the Kilachand group in the year 1933 and thereafter, the story has been of one steady growth.

A strong sense of commitment and adherence to business ethics has helped KEL to succeed in bringing to life a larger picture and to ‘Go Beyond’ in all its ventures. 'Go Beyond' would mean KEL's pursuit to adopt environment friendly technologies, conserve nature, curb pollution and serve our customers better. Apart from providing livelihood for scores of people, KEL concentrates its efforts towards accomplishing socio-economic objectives.

Business area of the company includes:

Currently, KEL has evolved into one of the leading industrial houses in Uttar Pradesh, North India. It is engaged in the manufacture, marketing & sale of a wide-range of products, that can be broadly divided into the following two groups :

  • Sugar, Bio-Products & Chemicals – Sugar, Alcohol, Alcoholic Beverages, Agri-products.
  • Distribution & Storage of Bulk Liquid Cargo at Kandla & port related activities.

Different divisions of the company:

  • Sugar Division The large-scale sugar production enables a value addition of its by-products. Keeping this in view, KEL has enhanced its production & invested in value addition. Considering that the infrastructure and technology are already available at KEL, it would enable KEL to move ahead confidently into forward integrated areas.
  • Spirits DivisionIn 1949, the company installed a distillery at Baheri to effectively utilize molasses, a by-product generated by the sugar factory. The plant imported from ACME, USA had a capacity of (11000) litres per day. This helped the company to substantially improve its profitability as its by-product was converted to a value added product instead of causing pollution by being wastefully drained.
  • Storage Division KEL also prides itself on the modern storage facilities it owns at Kandla port. The storage division, which started off in 1960 with a modest beginning of 2 tanks have now grown to a total of 64 tanks in 2 terminals totaling a storage capacity of 127000 Kilo Litres. There are special tanks for storage of products requiring heating and insulation, stainless steel tanks / coated tanks for products that cannot be stored in conventional mild steel tanks. These facilities are offered to importers and exporters for storage and handling of various bulk liquid cargoes such as chemicals, petroleum products, edible oil, non-edible oils, alcohols, etc. The storage business has given the right thrust and impetus to the KEL's growth and has potential for further development.
  • Agrotech Division KEL controls agricultural land at Khurpia village. Earlier they were growing traditional crops such as sugarcane, wheat and paddy. They have also started the cultivation of strawberry, gladiolus, tube roses, marigold & other high value crops and organic farming. Besides the above, KEL has started production, processing and marketing of seeds of various cereal crops.
  • Seeds Division KEL produces Open Pollinated and Hybrid Seeds under its brand name viz. Kesar Seeds. Kesar Seeds are known in market for its high quality, which is ensured through stringent quality checks carried out during production, storage, processing and packaging of seeds.

Subsidiary:

Kesar Terminals & Infrastructure Limited-Kesar Terminals & Infrastructure Limited (KTIL) a wholly-owned subsidiary of KEL was formed on January 21, 2008. KEL holds the entire 5,00,000 equity shares of Rs 10 each aggregating to Rs. 50,00,000/- of KTIL.KTIL is yet to start its operations.

Achievements/ recognition:

  • The spirits division has dedicated primary, secondary & tertiary rffluent treatment plants to treat the effluent and maintain the desired norms of BOD & COD as required by the UP Pollution Control Board.

Future plan:

KEL is exploring opportunities for putting up additional storage terminals at other ports & also examining putting up other port based facilities such as Container Freight Station, Inland Container Depots at different locations. KEL has been allotted 10 acres of land at Kakinada port in Andhra Pradesh for such purpose.

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