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Kesar Enterprises

NSEI:KESARENT
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KESARENT
NSEI
₹558M
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

Kesar Enterprises Limited engages in the manufacture, marketing, and sale of sugar and spirits in India. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Kesar Enterprises has significant price volatility in the past 3 months.
KESARENT Share Price and Events
7 Day Returns
11.4%
NSEI:KESARENT
-1.6%
IN Food
-1.8%
IN Market
1 Year Returns
69.5%
NSEI:KESARENT
-2.4%
IN Food
-1.3%
IN Market
KESARENT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kesar Enterprises (KESARENT) 11.4% 82.7% 89.7% 69.5% -10.1% 43.6%
IN Food -1.6% 5.7% 0.1% -2.4% 60.7% 137.4%
IN Market -1.8% 3.6% -0% -1.3% 31.8% 41.4%
1 Year Return vs Industry and Market
  • KESARENT outperformed the Food industry which returned -2.4% over the past year.
  • KESARENT outperformed the Market in India which returned -1.3% over the past year.
Price Volatility
KESARENT
Industry
5yr Volatility vs Market

Value

 Is Kesar Enterprises undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kesar Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kesar Enterprises.

NSEI:KESARENT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:KESARENT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 35%) (704.91%))
2.369
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:KESARENT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kesar Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:KESARENT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 174.53 Est @ 11.81% 139.90
2020 192.91 Est @ 10.53% 123.96
2021 211.50 Est @ 9.64% 108.94
2022 230.56 Est @ 9.01% 95.20
2023 250.32 Est @ 8.57% 82.85
2024 271.02 Est @ 8.27% 71.90
2025 292.84 Est @ 8.05% 62.28
2026 315.97 Est @ 7.9% 53.87
2027 340.60 Est @ 7.8% 46.55
2028 366.91 Est @ 7.72% 40.19
Present value of next 10 years cash flows ₹825.63
NSEI:KESARENT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹366.91 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹2,294.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,294.23 ÷ (1 + 24.75%)10
₹251.32
NSEI:KESARENT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹825.63 + ₹251.32
₹1,076.96
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,076.96 / 10.08
₹106.84
NSEI:KESARENT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:KESARENT represents 0.99278x of BSE:507180
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99278x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 106.84 x 0.99278
₹106.07
Value per share (INR) From above. ₹106.07
Current discount Discount to share price of ₹55.00
= -1 x (₹55.00 - ₹106.07) / ₹106.07
48.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kesar Enterprises is available for.
Intrinsic value
48%
Share price is ₹55 vs Future cash flow value of ₹106.07
Current Discount Checks
For Kesar Enterprises to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kesar Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kesar Enterprises's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kesar Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kesar Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:KESARENT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹-39.91
BSE:507180 Share Price ** BSE (2019-06-17) in INR ₹55.4
India Food Industry PE Ratio Median Figure of 162 Publicly-Listed Food Companies 17.21x
India Market PE Ratio Median Figure of 2,826 Publicly-Listed Companies 15.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kesar Enterprises.

NSEI:KESARENT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:507180 Share Price ÷ EPS (both in INR)

= 55.4 ÷ -39.91

-1.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kesar Enterprises is loss making, we can't compare its value to the IN Food industry average.
  • Kesar Enterprises is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Kesar Enterprises's expected growth come at a high price?
Raw Data
NSEI:KESARENT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Food Industry PEG Ratio Median Figure of 18 Publicly-Listed Food Companies 1.71x
India Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kesar Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kesar Enterprises's assets?
Raw Data
NSEI:KESARENT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹55.69
BSE:507180 Share Price * BSE (2019-06-17) in INR ₹55.4
India Food Industry PB Ratio Median Figure of 206 Publicly-Listed Food Companies 1x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
NSEI:KESARENT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:507180 Share Price ÷ Book Value per Share (both in INR)

= 55.4 ÷ 55.69

0.99x

* Primary Listing of Kesar Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kesar Enterprises is good value based on assets compared to the IN Food industry average.
X
Value checks
We assess Kesar Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Kesar Enterprises has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kesar Enterprises expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kesar Enterprises has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.6%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kesar Enterprises expected to grow at an attractive rate?
  • Unable to compare Kesar Enterprises's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kesar Enterprises's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Kesar Enterprises's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:KESARENT Future Growth Rates Data Sources
Data Point Source Value (per year)
India Food Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 13.6%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:KESARENT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:KESARENT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 4,031 -402
2018-12-31 3,959 -624
2018-09-30 3,951 -446
2018-06-30 3,541 -406
2018-03-31 3,131 160 -467
2017-12-31 3,782 38
2017-09-30 3,444 35
2017-06-30 3,528 52
2017-03-31 3,730 199 62
2016-12-31 2,391 -341
2016-09-30 2,002 -496
2016-06-30 2,186 -329

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kesar Enterprises is high growth as no earnings estimate data is available.
  • Unable to determine if Kesar Enterprises is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:KESARENT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kesar Enterprises Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KESARENT Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 -39.91
2018-12-31 -61.90
2018-09-30 -44.21
2018-06-30 -40.26
2018-03-31 -46.35
2017-12-31 3.80
2017-09-30 3.47
2017-06-30 5.11
2017-03-31 6.11
2016-12-31 -33.93
2016-09-30 -49.13
2016-06-30 -32.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kesar Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Kesar Enterprises is trading at Kesar Enterprises'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Kesar Enterprises's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Kesar Enterprises's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Kesar Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kesar Enterprises has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kesar Enterprises performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kesar Enterprises's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kesar Enterprises does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Kesar Enterprises's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kesar Enterprises's 1-year growth to the IN Food industry average as it is not currently profitable.
Earnings and Revenue History
Kesar Enterprises's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kesar Enterprises Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KESARENT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,031.12 -402.24 232.35
2018-12-31 3,959.15 -623.96 250.36
2018-09-30 3,951.00 -445.64 245.21
2018-06-30 3,541.44 -405.82 235.37
2018-03-31 3,130.96 -467.17 222.61
2017-12-31 3,782.11 38.25 196.46
2017-09-30 3,444.29 35.00 186.03
2017-06-30 3,528.33 51.50 181.61
2017-03-31 3,729.68 61.62 180.28
2016-12-31 2,390.66 -341.08 182.78
2016-09-30 2,001.75 -495.88 184.17
2016-06-30 2,186.18 -329.27 189.33
2016-03-31 2,295.54 -358.15 203.77
2015-12-31 2,333.86 -517.89 189.92
2015-09-30 2,264.42 -608.47 317.18
2015-06-30 2,385.23 -771.15 320.04
2015-03-31 2,674.72 -777.47 329.06
2014-12-31 2,988.86 -552.84 237.72
2014-06-30 3,202.13 -777.56 239.19
2014-03-31 3,363.78 -672.20 347.08
2013-12-31 2,668.00 -720.15 353.27
2013-09-30 2,846.63 -444.86 351.22
2013-06-30 3,375.64 -166.82 345.97
2013-03-31 3,437.03 -77.12 333.75
2012-12-31 3,523.77 -104.66 316.20
2012-09-30 3,411.58 -96.43 208.91
2012-06-30 2,859.29 -199.85 313.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Kesar Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Kesar Enterprises used its assets less efficiently than the IN Food industry average last year based on Return on Assets.
  • It is difficult to establish if Kesar Enterprises improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kesar Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kesar Enterprises has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kesar Enterprises's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kesar Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kesar Enterprises's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kesar Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kesar Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kesar Enterprises Company Filings, last reported 2 months ago.

NSEI:KESARENT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 561.18 3,936.29 59.25
2018-12-31 606.43 3,822.31 192.54
2018-09-30 606.43 3,822.31 192.54
2018-06-30 1,034.51 3,418.33 33.13
2018-03-31 1,034.51 3,418.33 33.13
2017-12-31 1,183.19 1,043.24 20.69
2017-09-30 1,183.19 1,043.24 20.69
2017-06-30 1,368.19 3,239.27 13.83
2017-03-31 1,570.24 3,239.27 13.63
2016-12-31 159.89 1,945.33 1.47
2016-09-30 159.89 1,945.33 1.47
2016-06-30 509.28 3,143.21 64.34
2016-03-31 509.28 3,143.21 64.34
2015-12-31 523.55 2,673.92 10.44
2015-09-30 683.43 3,037.25 19.09
2015-06-30 683.43 3,037.25 19.09
2015-03-31 1,040.95 3,383.25 22.77
2014-12-31 1,040.95 3,383.25 25.07
2014-06-30 1,490.60 3,163.14 20.76
2014-03-31 1,638.89 3,401.03 183.73
2013-12-31 1,638.89 3,401.03 183.73
2013-09-30 2,310.43 4,316.16 94.26
2013-06-30 2,310.43 4,316.16 94.26
2013-03-31 2,418.67 3,205.18 143.09
2012-12-31 2,418.67 3,205.18 143.09
2012-09-30
2012-06-30 2,454.57 3,485.08 24.09
  • Kesar Enterprises's level of debt (701.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (207.6% vs 701.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Kesar Enterprises has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Kesar Enterprises has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 61.9% per year.
X
Financial health checks
We assess Kesar Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kesar Enterprises has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kesar Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Kesar Enterprises dividends.
If you bought ₹2,000 of Kesar Enterprises shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Kesar Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kesar Enterprises's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:KESARENT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 71 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1449 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:KESARENT Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2013-08-29 0.000 0.000
2013-05-06 0.000 0.000
2013-02-06 0.000 0.000
2012-11-09 0.000 0.000
2012-08-13 0.000 0.000
2011-11-17 1.000 2.363
2010-12-23 1.000 1.971
2009-08-31 2.500 3.299

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Kesar Enterprises has not reported any payouts.
  • Unable to verify if Kesar Enterprises's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kesar Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kesar Enterprises has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kesar Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kesar Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kesar Enterprises has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kesar Enterprises's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harsh Kilachand
COMPENSATION ₹0
AGE 58
TENURE AS CEO 21.8 years
CEO Bio

Mr. Harsh Rajnikant Kilachand, B. Com., C.B.M. & P.D.B.M. (ULCA - U.S.A.) is Executive Chairman and Whole-Time Director at Kesar Terminals & Infrastructure Ltd since December 20, 2017. Mr. Kilachand has been the Chairman and Managing Director of Kesar Enterprises Limited since August 14, 1997. Mr. Kilachand has vast experience. He has contributed a lot towards the growth of KEL as a whole including the Demerged Storage Undertaking. He was responsible for completion of expansion & modernisation of the Storage Terminals at Kandla. Shri. Kilachand served as the Chief Executive Officer and Managing Director of Kesar Terminals & Infrastructure Limited. He served as the Executive Chairman of the Board for Kesar Terminals & Infrastructure Limited from September 14, 2010 to April 29, 2016. He has been a Director for Kesar Enterprises Limited since August 8, 1985. He serves as a Director at Kesar Corporation Pvt. Ltd.; Indian Commercial Co. Pvt. Ltd.; India Carat Pvt. Ltd.; Kilachand Devchand & Co. Pvt. Ltd.; Kilachand Devchand Commercial Pvt. Ltd.; Seel Investment Pvt. Ltd. and Duracell Investments & Finance Pvt. Ltd. Shri Kilachand has B. Com., C.B.M., and P.G.D.B.M., U.C.L.A. (U.S.A.).

CEO Compensation
  • Harsh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Harsh's remuneration is lower than average for companies of similar size in India.
Management Team

Rohit Balu

TITLE
Chief Financial Officer
COMPENSATION
₹3M
TENURE
4.8 yrs

Dipesh Shah

TITLE
Senior VP of Legal
COMPENSATION
₹4M
AGE
63

Harsh Kilachand

TITLE
Chairman & MD
AGE
58
TENURE
21.8 yrs

Anupam Desai

TITLE
Senior Vice President of Project & Technical

S. Sharma

TITLE
President of Baheri

Rohan Kilachand

TITLE
Vice President
COMPENSATION
₹2M
AGE
32
Board of Directors Tenure

Average tenure and age of the Kesar Enterprises board of directors in years:

2
Average Tenure
61.5
Average Age
  • The average tenure for the Kesar Enterprises board of directors is less than 3 years, this suggests a new board.
Board of Directors

Harsh Kilachand

TITLE
Chairman & MD
AGE
58
TENURE
21.8 yrs

Anil Kumar Ruia

TITLE
Independent Director
AGE
75
TENURE
1.2 yrs

Mahesh Kuvadia

TITLE
Additional Independent Director
COMPENSATION
₹220K
AGE
65
TENURE
2.9 yrs

Bhumika Batra

TITLE
Additional Independent Director
AGE
37
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Kesar Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kesar Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Directors Own Kesar Enterprises Limited (NSE:KESARENT) Shares?

If you want to know who really controls Kesar Enterprises Limited (NSE:KESARENT), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … See our latest analysis for Kesar Enterprises

Simply Wall St -

Kesar Enterprises Shareholders Have Enjoyed A 80% Share Price Gain

For example, the Kesar Enterprises Limited (NSE:KESARENT) share price is 80% higher than it was five years ago, which is more than the market average. … Kesar Enterprises isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Revenue has been growing at a reasonable clip, so it's debatable whether the share price growth of 12% full reflects the underlying business growth.

Simply Wall St -

Do Directors Own Kesar Enterprises Limited (NSE:KESARENT) Shares?

Every investor in Kesar Enterprises Limited (NSE:KESARENT) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹280m, Kesar Enterprises is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Kesar Enterprises

Simply Wall St -

Does Kesar Enterprises Limited (NSE:KESARENT) Have A Volatile Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Before You Buy Kesar Enterprises Limited's (NSE:KESARENT), Consider This

If you are a shareholder in Kesar Enterprises Limited’s (NSE:KESARENT), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Generally, an investor should consider two types of risk that impact the market value of KESARENT. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

Is It Time To Buy Kesar Enterprises Limited (NSE:KESARENT) Based Off Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for KESARENT Price per share = ₹36.6 Earnings per share = ₹3.796 ∴ Price-Earnings Ratio = ₹36.6 ÷ ₹3.796 = 9.6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with KESARENT, then KESARENT’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Company Info

Description

Kesar Enterprises Limited engages in the manufacture, marketing, and sale of sugar and spirits in India. Its Sugar segment manufactures and sells sugar and by-products. The company’s Power segment operates a 44 MW bagasse based cogeneration power plant at Baheri in Bareilly District, Uttar Pradesh. Its Spirits segment manufactures and sells rectified spirit, extra neutral alcohol, country liquor, special denatured spirit, Indian made foreign liquor, and carbon dioxide. The company was formerly known as The Kesar Sugar Works Limited. Kesar Enterprises Limited was founded in 1932 and is based in Mumbai, India.

Details
Name: Kesar Enterprises Limited
KESARENT
Exchange: NSEI
Founded: 1932
₹558,414,382
10,079,682
Website: http://www.kesarindia.com
Address: Kesar Enterprises Limited
Oriental House,
6th Floor,
Mumbai,
Maharashtra, 400020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 507180 Equity Shares Mumbai Stock Exchange IN INR 11. Oct 1996
NSEI KESARENT Equity Shares National Stock Exchange of India IN INR 11. Oct 1996
Number of employees
Current staff
Staff numbers
485
Kesar Enterprises employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 12:58
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/05/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.