Kesar India share price & results
- Jun 2026
- Oct 2026
Nagpur real estate developer building residential, commercial and plotted projects as Kesar Lands.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8.5 | −41.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -25.3 | −40.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.21 | −54.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 31.44 | −28.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -75.68 | −73.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −40.8 pts | Trailing twelve months | TTM to Jun 2026 | Not in the analysed materials. No older figure is substituted. |
Price
Performance +36.2% 1Y
1Y: ₹810.1 on 24 Oct 2025 → ₹1,103.45. High ₹1,284.85 (29 Jul 2026), low ₹810 (27 Oct 2025).
- Previous close
- ₹1,025
- Market cap
- ₹3.6k Cr
- 52-week range
- ₹810 – ₹1,284.85
- One year
- +36.23%
- Price to earnings (TTM to Jun 2026)
- 76.34×
- Return on equity (TTM to Jun 2026)
- 31.44%
Overview
- Symbol
- NSE:KESAR
- Sector
- Realty
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What KESAR INDIA LIMITED does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −54% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 51 | 16 | 14 | 15 | 15 | 92 | 25 | 8 |
| Expenses | 30 | 13 | 12 | 12 | 12 | 67 | 12 | 11 |
| Operating profit | 21 | 3 | 2 | 2 | 3 | 24 | 13 | -2 |
| Operating margin | 41.8% | 16.6% | 14.9% | 15.1% | 19.6% | 26.6% | 51.7% | −25.3% |
| Other income | 2 | 0 | 0 | 0 | 0 | 0 | 3 | 5 |
| Interest | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 22 | 2 | 2 | 0 | 2 | 23 | 15 | 1 |
| Tax rate | 24.7% | 0.0% | 64.2% | 0.0% | 38.8% | 27.9% | 21.7% | 82.6% |
| Net profit | 16 | 2 | 1 | 0 | 1 | 17 | 11 | 0 |
| EPS (₹ per share) | 6.67 | 0.93 | 0.25 | 0.19 | 0.40 | 5.99 | 3.99 | 0.07 |
| Line item | Mar 2026 |
|---|---|
| Sales | 147 |
| Expenses | 104 |
| Operating profit | 43 |
| Other income | 4 |
| Interest | 3 |
| Depreciation | 3 |
| Profit before tax | 40 |
| Net profit | 30 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 4 | 25 | 25 | 25 | 29 |
| Reserves | 3 | 16 | 5 | 23 | 96 | 219 |
| Borrowings | 2 | 2 | 22 | 30 | 30 | 32 |
| Other liabilities | 4 | 10 | 48 | 14 | 72 | 72 |
| Total liabilities | 9 | 32 | 99 | 92 | 223 | 352 |
| Fixed assets | 1 | 1 | 1 | 6 | 6 | 7 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 0 | 0 | 25 |
| Other assets | 8 | 31 | 96 | 85 | 217 | 319 |
| Total assets | 9 | 32 | 99 | 92 | 223 | 352 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | -10 | 9 | 2 | -113 |
| Cash from investing | 0 | -1 | -5 | -56 |
| Cash from financing | 15 | 19 | 4 | 170 |
| Net cash flow | 6 | 27 | 1 | 1 |
| Free cash flow | -10 | 9 | -2 | -118 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 19 | 77 | 37 | 17 | 3 | 31 |
| Inventory days | — | 520 | 438 | 731 | — | — |
| Days payable | — | 6 | 0 | 378 | — | — |
| Cash conversion cycle | 19 | 592 | 476 | 370 | 3 | 31 |
| Working capital days | 271 | 82 | 310 | -56 | 52 | 374 |
| Return on capital employed | 1.0% | 147.0% | 9.0% | 39.0% | 40.0% | 24.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 69.23% as of Oct 2026; institutions cut 0.74 pts since Sept 2026.
- Promoters 69.23%
- Foreign institutions 14.07%
- Public 16.69%
Who bought this quarter
since Sep 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +2.42 pp 4.53% held
- +2.30 pp 6.75% held
- newly disclosed 1.00% held
The same filing shows 9 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Oct 2026 filing
Every holder of KESAR INDIA LIMITED above SEBI's 1% disclosure line, and what changed since Sep 2026.
| Holder | Stake | Change |
|---|---|---|
| 54.24% | −2.89 pp | |
| 6.75% | +2.30 pp | |
| FPI fund | 6.64% | −0.35 pp |
| FPI fund | 4.89% | −0.26 pp |
| 4.53% | +2.42 pp | |
| 2.87% | −0.15 pp | |
| 1.82% | −0.09 pp | |
| 1.76% | −0.09 pp | |
| 1.67% | −0.09 pp | |
| 1.67% | −0.09 pp | |
| FPI fund | 1.11% | −0.06 pp |
| 1.00% | newly disclosed |
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.
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