543542
Kesar India share price & financials
- Price
- ₹1,252.8
- Market cap
- ₹3.8k Cr
- Sector
- Realty
What Kesar India does
Kesar India Limited is a real estate developer based in Nagpur, Central India, operating under the brand name 'Kesar Lands'/'Kesar'. It acquires land parcels and develops them into residential, commercial, plotted and mixed-use projects, earning revenue by selling developed plots, villas, apartments and commercial space. The company executes projects through a mix of ownership structures - wholly-owned, joint ventures (JV), joint development agreements (JDA) and special purpose vehicles (SPVs) - and is expanding its land bank in and around Nagpur while planning entry into new geographies including NCR, Hyderabad, Bengaluru, Chennai, Vijayawada, Kanpur and Dubai.
Segments
- Residential
- Commercial
- Plotted Developments
- Mixed Use Developments
- Total projects (completed + ongoing + upcoming + forthcoming)
- 29 projects across ~15.6 million sq ft
- Completed and ongoing projects
- 14 projects, ~3.54 million sq ft saleable area, 1,191 units
- Additional owned land bank (development potential)
- ~12.24 million sq ft
- Forthcoming project pipeline
- 14 projects, ~12.1 million sq ft saleable area
- Business segments
- 4 (Residential, Commercial, Plotted Developments, Mixed Use)
- Geographic footprint
- Concentrated in Nagpur/Central India; planned expansion into NCR, Hyderabad, Bengaluru, Chennai, Vijayawada, Kanpur, and Dubai
Quarterly results
Q1 FY27: revenue up 1040.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51 | 17 | 41 | 15 | 15 −71% | 92 +441% | 85 +107% | 171 +1040% |
| EBITDA | 21 | 3 | 3 | 2 | 3 −86% | 23 +667% | 20 +567% | 14 +600% |
| Net profit | 16 | 2 | 2 | 0 | 1 −94% | 15 +650% | 15 +650% | 16 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +81.5% 1Y
1Y: ₹650 on 10 Sept 2025 → ₹1,179.95. High ₹1,284.85 (29 Jul 2026), low ₹650 (10 Sept 2025).
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹207 Cr |
| Operating profit | ₹48 Cr |
| Operating margin | 23.2% |
| Interest | ₹6 Cr |
| Depreciation | ₹5 Cr |
| Net profit | ₹31 Cr |
| Net margin | 15.0% |
| Cash from operations | ₹-128 Cr |
| Free cash flow | ₹-133 Cr |
| ROCE | 23.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹25 Cr | ₹25 Cr | ₹29 Cr |
| Reserves | ₹16 Cr | ₹5 Cr | ₹96 Cr | ₹221 Cr |
| Borrowings | ₹2 Cr | ₹22 Cr | ₹30 Cr | ₹44 Cr |
| Other liabilities | ₹10 Cr | ₹48 Cr | ₹72 Cr | ₹145 Cr |
| Total liabilities | ₹32 Cr | ₹100 Cr | ₹223 Cr | ₹439 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹6 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹2 Cr | ₹0 Cr | ₹31 Cr |
| Other assets | ₹31 Cr | ₹97 Cr | ₹217 Cr | ₹399 Cr |
| Total assets | ₹32 Cr | ₹100 Cr | ₹223 Cr | ₹439 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Sep 2026
Since Sep 2025, the public added +11.08 pp while promoters trimmed −7.14 pp. The shareholder count grew 138% to 805.
- Promoters
- 67.6%
- FIIs
- 14.8%
- Public
- 17.6%
Since Sep 2025
- Public +11.08 pp
- Promoters −7.14 pp
- FIIs −3.96 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 14.8% — +14.8 pp.
Ownership split by quarter, oldest first. Sep '22: Promoters 74.6%, Public 25.4%.Mar '23: Promoters 75.0%, FIIs 12.6%, Public 12.5%.Sep '23: Promoters 75.0%, FIIs 15.7%, Public 9.3%.Mar '24: Promoters 75.0%, FIIs 18.6%, Public 6.4%.Sep '24: Promoters 75.0%, FIIs 18.5%, Public 6.5%.Mar '25: Promoters 75.0%, FIIs 18.2%, Public 6.8%.Sep '25: Promoters 74.7%, FIIs 18.7%, Public 6.5%.Dec '25: Promoters 73.5%, FIIs 16.7%, Public 9.8%.Mar '26: Promoters 72.0%, FIIs 16.6%, Public 11.4%.Jun '26: Promoters 70.2%, FIIs 15.8%, Public 14.0%.Jul '26: Promoters 70.4%, FIIs 15.3%, Public 14.3%.Sep '26: Promoters 67.6%, FIIs 14.8%, Public 17.6%.
Who bought this quarter
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Minerva Ventures Fund FPI fund +3.48 pp 6.99% held
- Santosh Kataria newly disclosed 1.91% held
- Vikas Kataria newly disclosed 1.85% held
- Eriska Investment Fund Ltd FPI fund newly disclosed 1.17% held
The same filing shows 8 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Kesar India above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| Gopal Gupta | 57.13% | −2.35 pp |
| Minerva Ventures Fund FPI fund | 6.99% | +3.48 pp |
| Multitude Growth Funds Limited FPI fund | 5.34% | −0.22 pp |
| Yash Gopal Gupta | 4.45% | −0.18 pp |
| Sachin Gopal Gupta | 3.02% | −0.13 pp |
| Sangeeta Gopalchand Gupta | 2.11% | −0.09 pp |
| Santosh Kataria | 1.91% | newly disclosed |
| Vikas Kataria | 1.85% | newly disclosed |
| Gunjan Sandip Agarwal | 1.76% | −0.07 pp |
| Shilpa Rajesh Kothari | 1.76% | −0.07 pp |
| Eriska Investment Fund Ltd FPI fund | 1.17% | newly disclosed |
| Harish Kumar Rajhwani And Purushottam Das Gupta On Behalf Of Shivaay Trading Company | 1.05% | −0.05 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Kesar India
Guides on how to read this kind of business and the numbers that matter.