Micro Cement

Kesoram Industries Ltd.

KESORAMIND

₹5.01

1.83% (0.09)

Market Cap

₹153 Cr.

P/E

0.03

Kesoram Industries Ltd.
Overview
Financials
Benchmarking
Shareholding

Kesoram Industries Ltd.

Kesoram Industries Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Kesoram Industries Ltd. Shareprice

Has the share price of Kesoram Industries grown faster than its competition?

Kesoram Industries has given lower returns compared to its competitors.
Kesoram Industries has grown at ~-24.92% over the last 10yrs while peers have grown at a median rate of 8.6%

Is Kesoram Industries stock expensive?

Kesoram Industries is not expensive.
Latest PE of Kesoram Industries is 0.03, while 3 year average PE is 2.64.
Also latest EV/EBITDA of Kesoram Industries is 12.38 while 3yr average is 14.8.

View FAQ's On Business

Growth Table

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-97.25	-72.22	-55.29	-48.12	-24.38	-33.23	-33.12	-33.20	-27.81	-24.92
TTM EPS CAGR	—	—	—	115	—	—	—	—	—	—
Sales CAGR	-10.44	-46.77	-33.29	-20.30	-16.55	-18.35	-16.25	-15.55	-14.13	-13.94
PAT Margin (Abs Growth)	-3.97	-6.55	-13.97	-1.60	-5.23	5.76	-3.10	-11.50	-1.71	0.80
PE CAGR	—	—	—	-75.82	—	—	—	—	—	—
CFO CAGR	57.16	-20.33	-7.39	-28.50	-23.32	2.54	14.63	-0.24	-9.79	-7.08

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	5,333	6,117	4,970	3,212	2,970	3,161	2,973	3,024	813
Non Current Assets	3,807	4,573	3,773	2,700	2,473	2,437	2,381	2,233	674
Net Block	2,544	2,890	2,772	2,167	2,081	2,005	1,736	1,728	599
Capital Work in Progress	730	790	800	31.10	32.81	48.95	65.46	34.13	5.41
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—
Long Term Investments	71.22	720	81.60	69.51	77.42	73.84	82.23	80.35	56.37
Current Assets	1,526	1,544	1,197	511	759	996	994	1,144	139
Inventory	467	458	352	162	137	180	232	287	36.42
Accounts Receivable	527	573	587	197	305	320	372	468	32.36
Short Term Investments	—	—	—	—	—	—	—	—	15.02
Cash & Bank Balances	178	108	46.51	16.19	112	179	110	184	14.22
Liabilities	5,333	6,117	4,970	3,212	2,970	3,161	2,973	3,024	813
Shareholders Funds	798	527	112	-97.25	197	511	473	94.82	452
Share Capital	117	137	143	143	165	244	311	311	311
Reserves	680	307	-30.33	-240	32.67	265	163	-216	141
Non Current Liabilities	2,397	3,025	2,407	1,527	1,788	1,578	1,462	1,871	156
Secured Loans	2,049	2,687	2,143	1,414	1,867	1,642	1,682	1,989	—
Unsecured Loans	88.29	52.02	—	—	74.07	90.70	129	121	152
Current Liabilities	2,138	2,565	2,451	1,782	985	1,072	1,038	1,058	205
Accounts Payable	538	723	873	623	583	589	545	623	34.39
Short Term Loans	1,072	1,241	847	628	15.30	3.80	16.35	57.26	46.15

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987	1,070
Operating Expenses	3,846	3,947	2,613	2,417	2,278	3,094	3,507	3,635	1,043
Raw Material	1,270	1,291	375	369	325	393	486	520	214
Material Cost (%)	36.25	33.93	13.62	13.88	13.53	10.49	11.38	12.36	17.01
Employee Cost	377	411	206	220	216	183	219	227	110
Power & Fuel Cost	643	728	727	695	648	1,139	1,464	1,436	—
Operating Profit	-4.60	-73.97	291	228	375	512	271	352	26.98
Other Income	62.66	159	60.96	40.34	72.43	36.59	70.26	49.06	24.09
OPM (%)	-0.12	-1.91	10.03	8.63	14.15	14.20	7.16	8.82	2.52
Depreciation and Amortisation	136	146	108	113	118	112	103	137	66.00
Interest	283	443	357	344	276	502	450	489	98.07
Profit Before Tax	-250	-580	-112	-188	-167	-87.21	-385	-274	-113
Tax	-7.87	-2.00	-11.95	0.00	-307	-9.87	-191	110	13.62
Net Profit	-242	-578	-363	-188	140	-77.34	-194	-384	5,565
Number of shares(Crs)	11.73	13.73	14.26	14.26	16.48	24.48	31.07	31.07	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	79.07	177	775	787	259	324	131	206	37.34
Profit Before Tax	-250	-580	-375	-188	-167	-87.21	-385	-274	-91.05
Adjustments	242	555	649	429	562	582	664	642	47.85
OCF Before Working Capital	-7.79	-24.77	274	241	395	495	279	368	-43.20
Working Capital Changes	88.75	217	472	497	-136	-173	-150	-157	74.64
Taxes Paid	-1.89	-15.78	29.16	47.96	0.65	2.00	1.69	-5.22	5.90
Cash from Investing Activity	1,792	-992	575	-445	-150	-63.30	48.74	-16.40	6.84
Net Fixed Assets Purchased	-356	-660	-30.98	-33.09	-26.21	-34.92	-64.88	-65.42	2.40
Fixed Assets Purchased	-358	-662	-36.98	-33.68	-27.86	-35.62	-72.66	-94.03	-6.04
Fixed Assets Sold	1.90	1.98	6.00	0.59	1.65	0.70	7.78	28.61	8.44
Investment Purchased	-0.07	-726	-0.31	-2.73	-3.99	-46.37	-0.87	-34.24	-15.00
Investment Sold	1.31	0.62	578	3.99	—	—	—	0.52	15.71
Interest Recieved	19.69	136	33.83	9.72	6.06	16.24	25.81	31.14	0.78
Dividends Recieved	0.08	0.07	0.37	0.02	0.02	0.02	0.02	0.02	0.02
Subsidiary Investments	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-2,117	662	-1,823	-218	201	-224	-248	-148	-48.84
Proceeds From Shares	—	220	—	—	—	334	0.23	—	—
Net Long Term Borrowings	-1,511	740	-530	-64.53	933	-341	12.93	346	-42.93
Proceeds From Borrowings	950	1,188	200	80.00	2,241	31.70	218	1,930	13.55
Repayment From Borrowings	-2,461	-449	-730	-145	-1,308	-372	-205	-1,584	-56.48
Interest Paid	-376	-482	-495	-300	-483	-255	-272	-565	-25.07
Dividend Paid	-0.29	—	—	—	—	—	—	—	—
Net Cash Flow	-246	-153	-473	123	309	36.25	-68.27	40.76	-4.66
Opening Cash & Cash Equivalents	352	153	76.18	18.57	9.65	85.71	122	53.69	17.69
Effect of FX	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	8.36	-145	-617	-290	85.71	122	53.69	94.45	13.03
Net Capex (est)	356	660	30.98	33.09	26.21	34.92	64.88	65.42	-2.40
Free Cash Flow (est)	-277	-483	744	754	233	289	65.95	140	39.74

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.50	0.42	0.34	0.20	0.63	0.76	0.73	0.81
Liquid Assets (Crs)	1,060	1,086	845	349	622	816	762	857
Current Liabilities (Crs)	2,138	2,565	2,451	1,782	985	1,072	1,038	1,058
Current Ratio	0.71	0.60	0.49	0.29	0.77	0.93	0.96	1.08
Current Assets (Crs)	1,526	1,544	1,197	511	759	996	994	1,144
Current Liabilities (Crs)	2,138	2,565	2,451	1,782	985	1,072	1,038	1,058
Interest Coverage Ratio	0.12	-0.31	0.68	0.45	0.39	0.83	0.14	0.44
EBIT (Crs)	-78.16	-60.58	244	156	330	437	238	264
Interest Expenses (Crs)	283	443	357	344	276	502	450	489
Fixed Asset Turnover	1.43	1.22	0.91	1.02	1.01	1.36	1.55	1.56
Net Sales (Crs)	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987
Fixed Assets (Crs)	2,680	3,171	3,198	2,591	2,617	2,650	2,433	2,562
Cash Conversion Cycle	-5.61	-46.44	-459	-527	-520	-518	-432	-376
Inventory Days	44.54	42.23	50.88	35.44	20.60	16.08	18.31	21.42
Days Receivable	38.26	50.22	72.88	54.06	34.52	31.64	30.73	34.70
Days Payable	88.40	139	583	617	575	566	481	432
Debt to Equity Ratio	4.13	7.77	28.39	-22.76	10.22	3.71	4.09	23.91
Total Debt (Crs)	3,297	4,099	3,187	2,214	2,018	1,895	1,934	2,267
Shareholders Equity (Crs)	798	527	112	-97.25	197	511	473	94.82
Free Cash Flow/Sales (%)	-7.21	-12.47	25.64	28.48	8.77	8.01	1.75	3.52
Free Cash Flow(est) (Crs)	-277	-483	744	754	233	289	65.95	140
Net Sales (Crs)	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987
Profitability Ratios
Gross Margin (%)	63.75	66.07	86.38	86.12	86.47	89.51	88.62	87.64
Op Profit Margin (%)	-0.12	-1.91	10.03	8.63	14.15	14.20	7.16	8.82
Operating Profit (Crs)	58.06	85.52	352	269	448	549	341	401
Net Sales (Crs)	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987
Net Profit Margin (%)	-6.30	-14.91	-12.51	-7.09	5.28	-2.14	-5.14	-9.63
Net Profit (Crs)	-242	-578	-363	-188	140	-77.34	-194	-384
Net Sales (Crs)	3,842	3,873	2,904	2,646	2,653	3,606	3,778	3,987
ROCE (%)	-2.45	-1.71	9.69	10.92	16.61	20.92	12.31	13.42
EBIT (Crs)	-78.16	-60.58	244	156	330	437	238	264
Capital Employed (Crs)	3,195	3,552	2,519	1,430	1,985	2,088	1,936	1,966
Return on Assets (%)	-4.54	-9.44	-7.31	-5.84	4.72	-2.45	-6.53	-12.70
Net Profit (Crs)	-242	-578	-363	-188	140	-77.34	-194	-384
Total Assets (Crs)	5,333	6,117	4,970	3,212	2,970	3,161	2,973	3,024
ROIC (%)	-5.49	-8.55	7.18	12.58	-12.12	19.63	5.14	17.94
Op Profit after Taxes (Crs)	-136	-219	164	116	-216	355	84.84	301
Invested Capital (Crs)	2,485	2,565	2,280	920	1,782	1,808	1,652	1,677
ROE (%)	-30.35	-110	-324	193	70.95	-15.15	-41.06	-405
Net Profit Margin (%)	-6.30	-14.91	-12.51	-7.09	5.28	-2.14	-5.14	-9.63
Asset Turnover ratio	0.72	0.63	0.58	0.82	0.89	1.14	1.27	1.32
Equity Multiplier	6.69	11.60	44.27	-33.03	15.04	6.19	6.28	31.89
Adjusted EPS	-17.66	-35.98	-21.80	-11.25	7.27	-3.16	-6.25	-12.36
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	8.25	0.00	0.00	0.00
Price to Book	2.11	3.36	9.24	-2.70	5.85	2.51	3.85	56.11
EV/EBITDA	82.67	64.15	11.86	9.15	6.84	5.46	10.69	18.47
Dividend Yield (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Kesoram Industries Ltd.
Kakatiya Cemen Sugar
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	986	1,055	999	59.90	66.41	69.94	879	58.71	65.49	67.28
Operating Expenses	906	947	894	76.32	75.10	80.62	809	70.13	71.70	92.91
Increase/Decrease in Stock	-32.64	-1.80	-13.88	3.64	0.93	-1.52	-36.07	-5.31	0.42	8.86
Raw Material	128	118	125	23.69	27.45	29.32	127	29.09	28.36	29.37
Employee Cost	53.59	56.98	52.40	17.53	18.32	23.13	57.44	18.42	18.59	15.36
Selling and Distribution Expenses	267	292	286	0.79	0.76	0.89	266	0.86	0.79	1.10
Electricity, Power & Fuel Cost	397	383	367	17.79	13.92	13.54	308	12.73	11.37	10.44
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	79.70	108	105	-16.42	-8.69	-10.68	70.24	-11.42	-6.21	-25.63
Other Income	13.81	15.39	7.17	3.01	8.34	14.86	5.12	0.96	0.94	17.07
Interest	24.61	123	116	7.27	7.08	5.56	77.17	7.42	7.01	6.47
PBDT	-104	0.68	-3.97	-20.68	-7.43	-1.38	-1.81	-17.88	-12.28	-15.03
Depreciation and Amortization	107	25.84	31.26	6.26	6.19	6.42	39.76	6.07	6.17	14.00
Profit Before Tax	-211	-25.16	-35.23	-26.94	-13.62	-7.80	-41.57	-23.95	-18.45	-29.03
Tax	-163	0.97	-2.79	0.00	0.00	4.43	20.45	0.00	-0.11	-6.72
Profit After Tax	-47.98	-26.13	-32.44	-26.94	-13.62	-12.23	-62.02	-23.95	-18.34	-22.31
Exceptional Items	-173	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-47.98	-26.13	-32.44	-58.72	-49.18	-241	-62.02	-69.92	-69.17	5,766
Quarterly Ratios
EPS	-1.54	-0.84	-1.04	-1.89	-1.58	-7.75	-2.00	-2.25	-2.23	186
Operating Profit Margin	8.08	10.26	10.47	-27.41	-13.09	-15.27	7.99	-19.45	-9.48	-38.09
Net Profit Margin	-4.87	-2.48	-3.25	-98.03	-74.06	-344	-7.06	-119	-106	8,570

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

-96.90%

Implied Growth Rate over a 5 year period*

-96.90%

Implied Growth Rate over a 10 year period*

-96.90%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on Kesoram Industries Ltd. Financials

How strong is Kesoram Industries balance sheet?

Kesoram Industries balance sheet is weak and might have solvency issues

Is the debt of Kesoram Industries increasing or decreasing?

The net debt of Kesoram Industries is decreasing.
Latest net debt of Kesoram Industries is ₹184 Crs as of Mar-25.
This is less than Mar-24 when it was ₹1,899 Crs.

Is the profitablity of Kesoram Industries improving?

The profit is oscillating.
The profit of Kesoram Industries is ₹5,565 Crs for TTM, -₹384.09 Crs for Mar 2024 and -₹194.27 Crs for Mar 2023.

Does Kesoram Industries pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Kesoram Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Kesoram Industries allocated its funds?

Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Inventory, Accounts Receivable

View FAQ's On Shareholding

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Kesoram Industries Ltd.

Kesoram Industries Ltd.

Has the share price of Kesoram Industries grown faster than its competition?

Is Kesoram Industries stock expensive?

How strong is Kesoram Industries balance sheet?

Is the debt of Kesoram Industries increasing or decreasing?

Is the profitablity of Kesoram Industries improving?

Does Kesoram Industries pay decent dividends?

How has Kesoram Industries allocated its funds?

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