KSE Ltd (KSE) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 519421 | NSE: KSE | Consumer Food | Small Cap

KSE Share Price

233.90 0.85 0.36%
as on 05-Dec'25 12:13

KSE Ltd (KSE) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 519421 | NSE: KSE | Consumer Food | Small Cap

DeciZen - make an informed investing decision on KSE

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

KSE stock performance -

Key Ratios
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P/E Ratio (SA):
5.86
Market Cap:
745.8 Cr.
52-wk low:
176.5
52-wk high:
284.9

Is KSE Ltd an attractive stock to invest in?

1. Is KSE Ltd a good quality company?

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

2. Is KSE Ltd undervalued or overvalued?

The key valuation ratios of KSE Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is KSE Ltd a good buy now?

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.

10 Year X-Ray of KSE:

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.
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

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.5%26.9%70.2%8.9%16.9%68.7%4.3%-0.4%11.3%44.2%-
Value Creation
Index
0.20.94.0-0.40.23.9-0.7-1.0-0.22.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9251,0471,3041,2091,4291,5431,6701,6101,6831,6501,647
Sales YoY Gr.-13.2%24.5%-7.3%18.1%8%8.2%-3.6%4.6%-2%-
Adj EPS 2.1521.32.55.933.82.7-16.427.939.8
YoY Gr.-140.1%329.2%-88.4%138.1%475.3%-92.1%-138%NA335.6%-
BVPS (₹) 22.427.144.940.644.47669.666.970.392.7109.9
Adj Net
Profit
6.615.968.37.918.81088.5-3.220.589.2127
Cash Flow from Ops. -5.323.864.5-12.634.734.23.834.3-15143-
Debt/CF from Ops. -2.21.70.7-3.40.41.250.6-1.40.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%2.9%-0.4%-2%
Adj EPS 33.5%36.5%118.9%335.6%
BVPS17.1%15.9%10%32%
Share Price 13.9% 1.2% 8.3% -4.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.220.159.35.813.956.23.7-1.59.334.239.3
Op. Profit
Mgn %
1.82.88.31.11.990.7-0.21.97.310.1
Net Profit
Mgn %
0.71.55.20.71.370.5-0.21.25.47.7
Debt to
Equity
0.20.50.30.30.10.20.10.10.10.10.1
Working Cap
Days
3028253025334037353436
Cash Conv.
Cycle
2323202320263229282830

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 39.30%

Net Profit is growing at healthy rate in last 3 years 118.85%

Sales growth has been subdued in last 3 years -0.41%

Sales growth is not so good in last 4 quarters at -1.23%

Latest Financials - KSE Ltd.

Standalone Consolidated
TTM EPS (₹) 39.8 -
TTM Sales (₹ Cr.) 1,647 -
BVPS (₹.) 109.9 -
Reserves (₹ Cr.) 348 -
P/BV 2.12 -
PE 5.86 -
From the Market
52 Week Low / High (₹) 176.50 / 284.90
All Time Low / High (₹) 2.90 / 400.00
Market Cap (₹ Cr.) 746
Equity (₹ Cr.) 3.2
Face Value (₹) 1
Industry PE 59.8

Management X-Ray of KSE:

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 (%)

Valuation of KSE - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios of KSE

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9251,0471,3041,2091,4291,5431,6701,6101,6831,650
Operating Expenses 9091,0181,1961,1961,4021,4041,6591,6131,6511,529
Manufacturing Costs656872858289104858387
Material Costs8029021,0691,0531,2581,2531,4861,4521,4921,356
Employee Cost 37414749535355586267
Other Costs 668991013171619
Operating Profit 1629108132613911-332120
Operating Profit Margin (%) 1.8%2.8%8.3%1.1%1.8%9.0%0.7%-0.2%1.9%7.3%
Other Income 2258486648
Interest 2211222232
Depreciation 4343323456
Exceptional Items 000-207-31-43
Profit Before Tax 122610915261509-324123
Tax 5103957373-1731
Profit After Tax 816709191137-21891
PAT Margin (%) 0.8%1.6%5.3%0.8%1.3%7.3%0.4%-0.1%1.0%5.5%
Adjusted EPS (₹)2.45.121.83.05.935.32.1-0.75.528.5
Dividend Payout Ratio (%)84%59%28%51%34%28%97%-269%55%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 7287144130142243223214225297
Share Capital 3333333333
Reserves 6883141127139240220211222294
Minority Interest0000000000
Debt9374040123615141417
Long Term Debt676791012131417
Short Term Debt23035333262000
Trade Payables88158719191589
Others Liabilities 27253019283725253133
Total Liabilities 115156230197190335281268277356

Fixed Assets

Gross Block80323435373955616989
Accumulated Depreciation553710121517212631
Net Fixed Assets 25292726252438404358
CWIP 0000122364
Investments 035834366116476637113
Inventories7374918882170162122155112
Trade Receivables0000001212
Cash Equivalents 101121262817131351
Others Assets 66715141513222216
Total Assets 115156230197190335281268277356

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity -52465-133534434-15143
PBT 122610915261509-324123
Adjustment 43-003-82473
Changes in Working Capital -153-9-1110-80236-4349
Tax Paid -7-8-35-16-5-28-9-3-2-31
Cash Flow From Investing Activity -1-41-5337-10-4255-3224-118
Capex -2-7-2-2-23-17-13-8-15
Net Investments 1-34-5139-9-4572-1932-104
Others 0001100001
Cash Flow From Financing Activity -2118-8-26-3513-51-8-7-19
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-1-2-1-1-2-2-3-3
Dividend Paid -14-8-12-23-6-11-27-7-7-19
Others -6285-1-2826-21023
Net Cash Flow -2713-1-1168-626

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.5720.6760.446.8913.9158.652.82-1.098.0235.01
ROCE (%)16.5426.9370.168.8816.8668.734.29-0.3611.3444.19
Asset Turnover Ratio7.327.736.765.677.385.885.435.876.185.21
PAT to CFO Conversion(x)-0.631.50.93-1.441.840.30.57N/A-0.831.57
Working Capital Days
Receivable Days0000000000
Inventory Days27262327223036323030
Payable Days6344245432

KSE Ltd Stock News

KSE Ltd FAQs

The current trading price of KSE on 05-Dec-2025 12:13 is ₹233.9.
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 04-Dec-2025 the market cap of KSE stood at ₹745.8.
The latest P/E ratio of KSE as of 04-Dec-2025 is 5.86.
The latest P/B ratio of KSE as of 04-Dec-2025 is 2.12.
The 52-week high of KSE is ₹284.9 and the 52-week low is ₹176.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KSE is ₹1,647 ( Cr.) .

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.
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