Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · KESAR ENTERPRISES LTD. · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
KESAR ENTERPRISES LTD.
BSE: 507180
BSE: 507180
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Agricultural Food & other Products › Sugar
KESAR ENTERPRISES LTD.
StateQ4 FY26 filed
Last close · 8 Oct 2026₹13.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA— · 1.82 · —
KESAR ENTERPRISES LTD. is a Agricultural Food & other Products company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 469 | 553 | 531 | 334 | 304 |
| EBITDA (ex other income) | 13 | 1 | 24 | (40) | (23) |
| margin % | 2.7 | 0.1 | 4.4 | (12.1) | (7.5) |
| Owners' profit | (29) | (44) | 84 | (73) | (48) |
| EPS, as reported (₹) | (28.66) | (43.71) | 82.93 | (72.05) | (4.80) |
| ROE % · ROCE % | (27.6) · (2.4) | (73.8) · (23.2) | 43.6 · 44.8 | (61.2) · (39.6) | (67.2) · (27.4) |
| Debt / equity (x) | 0.27 | 0.47 | 0.05 | 0.07 | 0.10 |
| Cash from operations | 52 | 12 | 57 | (5) | (25) |
| Capex | (30) | (3) | (2) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KESAR ENTERPRISES LTD. · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 69 | 38 | 164 | 63 | 20 | 14 | 104 | 166 |
| Profit before tax | (17) | (23) | (16) | (16) | (15) | (19) | (6) | (7) |
| Net profit | (17) | (23) | (16) | (16) | (15) | (19) | (6) | (7) |
| EPS (₹) | (16.99) | (22.76) | (16.07) | (16.24) | (15.26) | (1.93) | (0.62) | (0.73) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Sugar | 309 | 82.9 |
| Cogen | 31 | 8.2 |
| Spirits | 0 | 0.0 |
| cogen | 33 | 8.9 |
| Total, before eliminations | 373 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BALRAMPUR CHINI MILLS LTD | 14,565 | 37.6 | 3.52 | 22.8 | 9.1 | 9.7 | 5.4 | 7.9 |
| TRIVENI ENGG. & INDS. LTD | 5,262 | 18.7 | 1.57 | 12.1 | 8.0 | 9.4 | 10.1 | 3.3 |
| BAJAJ HINDUSTHAN SUGAR LT | 4,781 | 14.8 | 1.25 | 22.0 | 3.3 | 1.5 | (3.9) | (10.4) |
| SHREE RENUKA SUGARS LTD | 4,633 | — | — | 75.4 | 29.6 | (108.2) | 10.2 | (3.1) |
| BANNARI AMMAN SUGARS LTD | 4,138 | 34.0 | 2.16 | — | 7.7 | 8.7 | — | 0.5 |
| DALMIA BHARAT SUG IN LTD | 3,497 | 14.6 | 1.08 | 9.6 | 7.3 | 8.0 | 6.1 | 8.3 |
| DHAMPUR SUGAR MILLS LTD. | 1,180 | 16.8 | 0.98 | 10.4 | 5.5 | 5.8 | (7.9) | 4.7 |
| UTTAM SUGAR MILLS LTD. | 1,126 | 12.9 | 1.27 | 7.8 | 11.3 | 12.7 | — | 4.5 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.8 | 1.0 | 20 of 26 | 24% |
| ROCE | (38.9) | 3.0 | 26 of 27 | 4% |
| ROE | (67.2) | 3.5 | 26 of 26 | 0% |
| Debt / Equity | 0.1 | 0.6 | 3 of 26 | 92% |
| EBITDA margin | 2.3 | 4.6 | 18 of 26 | 32% |
| Revenue growth | 163.2 | 5.5 | 2 of 25 | 96% |
| Profit growth | 55.2 | (14.4) | 9 of 27 | 69% |
| Market cap | 131 | 286 | 19 of 28 | 33% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KESAR ENTERPRISES LTD. · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 23 Sept 2026 · Trading window closed from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 11 Sept 2026 · Newspaper ad on physical share demat window and IEPF campaign | compliance | minimal | — | — |
| 8 Sept 2026 · Board approves slump sale of Sugar, Distillery and Cogen units at Baheri for Rs 431 cr | strategic transactions | high | — | — |
| 8 Sept 2026 · Board approves slump sale of Sugar, Distillery and Cogen divisions for Rs 431 cr | strategic transactions | high | — | — |
| 26 Aug 2026 · OTS accepted for SDF Cogeneration Loan via IFCI | credit debt | high | — | — |
| 21 Aug 2026 · Kesar Enterprises 91st AGM: All 4 Resolutions Passed Including Related Party Deal | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Kesar Enterprises Chairman flags narrower FY26 loss and EBITDA improvement at 91st AGM | investor communications | medium | — | — |
| 20 Aug 2026 · 91st AGM held on 20 Aug 2026 - 4 resolutions tabled via e-voting | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · 91st AGM of Kesar Enterprises held on 20 Aug 2026; 4 resolutions taken up | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Q1 FY27 results published: revenue crash and wider loss | compliance | minimal | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in