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Kesoram Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,763.47Undervalued by 33,114.78%vs CMP ₹8.32

P/E (15.0) × ROE (2,034.0%) × BV (₹11.10) × DY (2.00%)

Defaults: P/E=15

₹2,593.07Undervalued by 31,066.71%vs CMP ₹8.32
MoS: +99.7% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹7,858.0722%Under (+94348%)
Graham NumberEarnings₹213.0417%Under (+2460.6%)
Earnings PowerEarnings₹190.1413%Under (+2185.3%)
DCFCash Flow₹4,443.3813%Under (+53306%)
Net Asset ValueAssets₹11.159%Under (+34%)
Earnings YieldEarnings₹1,817.309%Under (+21742.5%)
ROCE CapitalReturns₹21.449%Under (+157.7%)
Revenue MultipleRevenue₹4.167%Over (-50%)
Consensus (8 models)₹2,593.07100%Undervalued
Key Drivers: EPS CAGR 184.4% lifts DCF — verify sustainability. | Wide model spread (₹4–₹7,858) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 184.4% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Kesoram Industries Ltd operates in the Cement segment, current market price is ₹8.32, market cap is 259 Cr.. At a glance, ROE is 2,034 %, ROCE is 4.71 %, book value is 11.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹2,593.07, which is about 31,066.7% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹259 Cr versus the prior period change of -93.5%, while latest net profit is about ₹5,565 Cr with a prior-period change of 1,549.2%. The 52-week range shown on this page is 14.2/2.84, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKesoram Industries Ltd. is a Public Limited Listed company incorporated on 18/10/1919 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) i…

This summary is generated from the stock page data available for Kesoram Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

34
Kesoram Industries Ltd scores 34/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 4.7% WeakROE 2,034.0% ExcellentD/E 9.53 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money20/100 · Weak
FII holding down -2.54% (6mo) SellingDII holding down 11.90% MF sellingPromoter holding at 43.3% Stable
Earnings Quality40/100 · Moderate
OPM contracting (11% → -6%) Declining
Quarterly Momentum25/100 · Weak
Revenue (4Q): -5% YoY DecliningOPM: -24.8% (down 15.3% YoY) Margin pressure
Industry Rank40/100 · Moderate
ROCE 4.7% vs industry 8.9% Below peersROE 2,034.0% vs industry 85.5% Above peers3Y sales CAGR: -58% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:12 am

Market Cap 259 Cr.
Current Price 8.32
Intrinsic Value₹2,593.07
High / Low 14.2/2.84
Stock P/E
Book Value 11.1
Dividend Yield0.00 %
ROCE4.71 %
ROE2,034 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kesoram Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kesoram Industries Ltd 259 Cr. 8.32 14.2/2.84 11.10.00 %4.71 %2,034 % 10.0
Gujarat Sidhee Cement Ltd 296 Cr. 33.1 / 52.20.00 %6.94 %4.33 % 10.0
Anjani Portland Cement Ltd 308 Cr. 105 161/98.4 69.90.00 %9.07 %31.8 % 10.0
Andhra Cements Ltd 395 Cr. 42.8 110/40.4 8.270.00 %10.5 %68.4 % 10.0
NCL Industries Ltd 711 Cr. 157 239/14810.7 1981.91 %6.71 %3.41 % 10.0
Industry Average34,326.20 Cr1,677.64274.74574.270.69%8.92%85.54%7.13

All Competitor Stocks of Kesoram Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 986.121,055.43998.8759.9066.4169.9467.2858.7165.4967.2861.0555.1764.79
Expenses 906.42947.17894.2976.3275.1080.6275.6970.1371.7092.9171.5773.6780.84
Operating Profit 79.70108.26104.58-16.42-8.69-10.68-8.41-11.42-6.21-25.63-10.52-18.50-16.05
OPM % 8.08%10.26%10.47%-27.41%-13.09%-15.27%-12.50%-19.45%-9.48%-38.09%-17.23%-33.53%-24.77%
Other Income -159.2615.397.17-28.77-27.22-213.58-13.89-45.01-49.895,805.00-77.504.0334.02
Interest 24.61122.97115.727.277.085.566.947.427.016.475.966.156.85
Depreciation 106.7425.8431.266.266.196.425.886.076.1714.005.455.255.10
Profit before tax -210.91-25.16-35.23-58.72-49.18-236.24-35.12-69.92-69.285,758.90-99.43-25.876.02
Tax % -77.25%3.86%-7.92%0.00%0.00%1.88%74.74%0.00%-0.16%-0.12%-0.09%0.00%0.00%
Net Profit -47.98-26.13-32.44-58.72-49.18-240.67-61.37-69.92-69.175,765.62-99.34-25.876.02
EPS in Rs -1.54-0.84-1.04-1.89-1.58-7.75-1.98-2.25-2.23185.57-3.20-0.830.19

Last Updated: February 5, 2026, 7:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 pm

MetricMar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,8823,8423,8732,9042,6462,6533,6063,7783,987259248
Expenses 3,3193,8443,9432,8722,4172,2783,0943,5073,635310319
Operating Profit 562-3-7032229375512271352-52-71
OPM % 14%-0%-2%1%9%14%14%7%9%-20%-28%
Other Income 80172795740-14814-103-15,6965,766
Interest 1212834433573442765024504882825
Depreciation 1121361461081131181121031373230
Profit before tax 409-250-580-375-188-167-87-385-2745,5855,640
Tax % 7%-3%-0%-3%0%-184%-11%-50%40%0%
Net Profit 379-242-578-363-188140-77-194-3845,5655,646
EPS in Rs 23.23-13.90-28.33-17.15-8.855.72-3.18-6.25-12.36179.12181.73
Dividend Payout % 7%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-138.84%37.20%48.21%174.47%-155.00%-151.95%-97.94%1549.22%
Change in YoY Net Profit Growth (%)0.00%176.04%11.01%126.26%-329.47%3.05%54.01%1647.16%

Kesoram Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-37%
3 Years:-58%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:100%
3 Years:369%
TTM:25%
Stock Price CAGR
10 Years:5%
5 Years:24%
3 Years:28%
1 Year:-49%
Return on Equity
10 Years:%
5 Years:376%
3 Years:491%
Last Year:2034%

Last Updated: September 5, 2025, 9:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:31 am

MonthMar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 46117137143143165244311311311311
Reserves 1,300680390-30-24033266163-21614136
Borrowings 2,1423,2974,0993,1872,2372,0361,9021,9382,270199199
Other Liabilities 8351,2381,4911,6711,0729981,0201,0241,011162109
Total Liabilities 4,3225,3336,1174,9703,2123,2323,4333,4353,376813655
Fixed Assets 1,8742,5442,8902,7722,1672,0812,0051,7361,728602501
CWIP 865730790800313349653455
Investments 49717208270777482807134
Other Assets 1,5341,9881,7171,3179441,0411,3051,5511,533134115
Total Assets 4,3225,3336,1174,9703,2123,2323,4333,4353,376813655

Reserves and Borrowings Chart

Cash Flow

MonthMar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 37079177775787259324131-7737
Cash from Investing Activity + -1,0351,694-1,137354-877-150-6349757
Cash from Financing Activity + 681-2,117662-1,823-218201-224-248-4-49
Net Cash Flow 16-343-298-693-30830936-68-6-5
Free Cash Flow -614-277-48374475423328966-7940
CFO/OP 81%-3,150%-277%2,336%323%69%63%48%138%-61%

Free Cash Flow

MonthMar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow560.00-6.00-74.0029.00227.00373.00511.00270.00350.00-251.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2009Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 365054742742323669346
Inventory Days 1301221273241611401741971,006111
Days Payable 541412008066195935684632,186105
Cash Conversion Cycle 11231-19-408-431-411-362-230-48752
Working Capital Days 72-75-106-163-178-46-26-15-146-135
ROCE %-1%-0%6%15%19%10%-2%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 43.40%43.40%43.40%43.40%43.34%43.34%43.34%43.34%43.34%43.34%43.34%43.34%
FIIs 3.12%3.78%4.42%7.18%8.95%8.42%7.17%5.03%2.73%0.78%0.77%0.19%
DIIs 11.40%10.61%10.78%13.37%12.82%16.31%17.42%16.02%15.95%8.18%7.40%4.05%
Government 0.00%0.00%0.00%0.03%0.06%0.06%0.07%0.07%0.00%0.00%0.00%0.00%
Public 42.08%42.20%41.38%36.01%34.83%31.86%32.01%35.55%37.98%47.69%48.50%52.41%
No. of Shareholders 96,04595,74088,38091,48688,66987,73077,38973,75178,38186,82896,1671,08,811

Shareholding Pattern Chart

No. of Shareholders

Kesoram Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Value Fund 4,750,000 4.93 37.794,750,0002025-04-22 15:56:560%
Taurus Flexi Cap Fund 180,759 0.52 1.44180,7592025-04-22 15:56:560%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 179.14-12.36-6.83-3.869.73
Diluted EPS (Rs.) 179.14-12.36-6.83-3.869.73
Cash EPS (Rs.) 180.17-7.96-2.951.4115.66
Book Value[Excl.RevalReserv]/Share (Rs.) 14.533.0515.2320.8511.98
Book Value[Incl.RevalReserv]/Share (Rs.) 14.533.0515.2320.8511.98
Revenue From Operations / Share (Rs.) 8.33128.34121.61147.53160.96
PBDIT / Share (Rs.) -1.0012.9010.9722.4527.16
PBIT / Share (Rs.) -2.038.497.6717.8720.01
PBT / Share (Rs.) -2.93-8.83-12.39-3.57-10.13
Net Profit / Share (Rs.) 179.14-12.36-6.25-3.168.50
NP After MI And SOA / Share (Rs.) 179.14-12.36-6.25-3.168.50
PBDIT Margin (%) -12.0110.059.0215.2116.87
PBIT Margin (%) -24.426.616.3012.1112.43
PBT Margin (%) -35.18-6.87-10.18-2.41-6.29
Net Profit Margin (%) 2150.70-9.63-5.14-2.145.28
NP After MI And SOA Margin (%) 2150.70-9.63-5.14-2.145.28
Return on Networth / Equity (%) 1232.48-405.07-41.05-15.1770.94
Return on Capital Employeed (%) -10.4011.389.8518.5014.67
Return On Assets (%) 684.91-11.37-5.65-2.254.27
Long Term Debt / Equity (X) 0.3321.833.793.229.45
Total Debt / Equity (X) 0.4323.484.013.549.53
Asset Turnover Ratio (%) 0.121.171.101.090.75
Current Ratio (X) 0.671.081.040.920.78
Quick Ratio (X) 0.490.810.800.760.64
Inventory Turnover Ratio (X) 1.602.002.362.591.80
Interest Coverage Ratio (X) -1.120.820.751.091.62
Interest Coverage Ratio (Post Tax) (X) -2.970.310.950.892.31
Enterprise Value (Cr.) 323.807403.353645.462996.192999.75
EV / Net Operating Revenue (X) 1.251.860.960.831.13
EV / EBITDA (X) -10.4118.4710.705.466.70
MarketCap / Net Operating Revenue (X) 0.541.330.480.350.43
Price / BV (X) 0.3056.113.852.515.85
Price / Net Operating Revenue (X) 0.541.330.480.350.43
EarningsYield 39.81-0.07-0.10-0.060.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kesoram Industries Ltd. is a Public Limited Listed company incorporated on 18/10/1919 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L17119WB1919PLC003429 and registration number is 003429. Currently Company is involved in the business activities of Manufacture of clinkers and cement. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 310.66 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - GeneralBirla Building, 9/1, R.N. Mukherjee Road, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Satish Narain JajooChairman
Mr. P RadhakrishnanWholeTime Director & CEO
Mr. Lee Seow ChuanDirector
Mr. Jitendra Kumar AgarwalDirector
Ms. Rashmi BihaniDirector
Mr. Jikyeong KangDirector
Mr. Mangala Radhakrishna PrabhuDirector

FAQ

What is the intrinsic value of Kesoram Industries Ltd and is it undervalued?

As of 22 April 2026, Kesoram Industries Ltd's intrinsic value is ₹2593.07, which is 31066.71% higher than the current market price of ₹8.32, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2,034 %), book value (₹11.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kesoram Industries Ltd?

Kesoram Industries Ltd is trading at ₹8.32 as of 22 April 2026, with a FY2026-2027 high of ₹14.2 and low of ₹2.84. The stock is currently in the middle of its 52-week range. Market cap stands at ₹259 Cr..

How does Kesoram Industries Ltd's P/E ratio compare to its industry?

Kesoram Industries Ltd has a P/E ratio of , which is below the industry average of 274.74. This is broadly in line with or below the industry average.

Is Kesoram Industries Ltd financially healthy?

Key indicators for Kesoram Industries Ltd: ROCE of 4.71 % is on the lower side compared to the industry average of 8.92%; ROE of 2,034 % is below ideal levels (industry average: 85.54%). Dividend yield is 0.00 %.

Is Kesoram Industries Ltd profitable and how is the profit trend?

Kesoram Industries Ltd reported a net profit of ₹5,565 Cr in Mar 2025 on revenue of ₹259 Cr. Compared to ₹-77 Cr in Mar 2022, the net profit shows an improving trend.

Does Kesoram Industries Ltd pay dividends?

Kesoram Industries Ltd has a dividend yield of 0.00 % at the current price of ₹8.32. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:12 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kesoram Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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