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Kesoram Industries Ltd
(KESORAMIND)
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Rating:43Neutral
Price Target:
₹12.50
▲(26.26% Upside)
Action:Reiterated
Date:08/30/26
The score is held down primarily by weak financial performance (sharp revenue decline, broad losses, and negative operating/free cash flow). Technical indicators also lean bearish (negative MACD and sub-50 RSI, with the stock below key short-term moving averages). Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Established cement-led manufacturing model
A cement-led manufacturing base gives Kesoram exposure to enduring infrastructure and real-estate construction demand. Its established products and mix of dealer, institutional, and project customers provide multiple routes to market, supporting business continuity across demand channels.
Negative Factors
Severe deterioration in revenue and profitability
The broad-based FY2026 losses and steep revenue contraction indicate that the current operating model is not covering its cost base. Persistent weakness would erode equity, restrict reinvestment, and make recovery dependent on a meaningful improvement in volumes, pricing, or costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Established cement-led manufacturing model
A cement-led manufacturing base gives Kesoram exposure to enduring infrastructure and real-estate construction demand. Its established products and mix of dealer, institutional, and project customers provide multiple routes to market, supporting business continuity across demand channels.
Read all positive factors
Kesoram Industries Ltd (KESORAMIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.29B
Dividend Yield1.24%
Average Volume (3M)58.71K
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth4.64%
EPS Growth-100.16%
CountryIN
Employees11
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.29
Shares Outstanding310,640,140
10 Day Avg. Volume83,608
30 Day Avg. Volume58,707
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.68
Price to Sales (P/S)1.01
P/FCF Ratio-1.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kesoram Industries Ltd Business Overview & Revenue Model
Company Description
Based in Kolkata, India, Kesoram Industries Limited, which commenced operations in 1919, is a key player in the Indian market. The company is responsible for the production and distribution of cement products, marketed under its Birla Shakti brand...
How the Company Makes Money
Kesoram Industries primarily makes money by manufacturing and selling cement (and associated cementitious/building-material products) to a mix of trade channels (dealers/retailers), institutional customers, and project/infrastructure customers. Re...
Kesoram Industries Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
43
Neutral
Cash Flow
31
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.64B | 2.48B | 2.59B | 39.87B | 37.78B | 35.99B |
| Gross Profit | -271.92M | -274.96M | 917.50M | 15.77B | 17.96B | 20.26B |
| EBITDA | 357.95M | -429.34M | -516.70M | 3.41B | 1.58B | 5.13B |
| Net Income | -89.74M | -881.32M | 55.65B | -3.84B | -1.94B | -773.40M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.66B | 8.13B | 33.76B | 34.35B | 34.33B |
| Cash, Cash Equivalents and Short-Term Investments | 55.09M | 142.22M | 292.40M | 1.48B | 547.70M | 1.35B |
| Total Debt | 0.00 | 2.19B | 1.99B | 22.70B | 19.38B | 19.02B |
| Total Liabilities | -3.70B | 2.96B | 3.61B | 32.81B | 29.62B | 29.22B |
| Stockholders Equity | 3.70B | 3.70B | 4.52B | 948.20M | 4.73B | 5.11B |
Cash Flow | ||||||
| Free Cash Flow | -531.60M | -1.30B | 313.00M | 1.12B | 581.70M | 2.88B |
| Operating Cash Flow | -518.90M | -1.29B | 373.40M | 2.06B | 1.31B | 3.24B |
| Investing Cash Flow | 551.20M | 973.95M | 68.40M | -164.00M | 487.40M | -633.00M |
| Financing Cash Flow | -153.00M | 212.01M | -488.40M | -1.48B | -2.48B | -2.24B |
Kesoram Industries Ltd Technical Analysis
Negative
9.90
Price Trends
11.66
Negative
11.63
Negative
10.83
Negative
Market Momentum
-0.28
Positive
40.37
Neutral
34.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KESORAMIND, the sentiment is Negative. The current price of 9.9 is below the 20-day moving average (MA) of 11.42, below the 50-day MA of 11.66, and below the 200-day MA of 10.83, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 40.37 is Neutral, neither overbought nor oversold. The STOCH value of 34.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KESORAMIND.
Kesoram Industries Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | ₹5.53B | 82.08 | ― | 1.65% | 7.86% | -51.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹3.33B | 12.82 | ― | ― | ― | ― | |
45 Neutral | ₹1.20B | -3.75 | ― | ― | -0.38% | -7.58% | |
43 Neutral | ₹3.29B | -38.14 | ― | 1.24% | 4.64% | -100.16% | |
42 Neutral | ₹2.76B | -8.07 | ― | 1.16% | -10.65% | 50.21% | |
41 Neutral | ₹3.59B | -4.92 | ― | ― | 56.40% | 53.54% |
* General Sector Average
IN:KESORAMIND
Kesoram Industries Ltd
10.58
5.38
103.46%
IN:ACL
Andhra Cements Limited
39.00
-44.08
-53.06%
IN:APCL
Anjani Portland Cement Limited
94.12
-31.53
-25.09%
IN:EUROBOND
Euro Panel Products Limited
136.00
-65.75
-32.59%
IN:GSLSU
Global Surfaces Limited
28.37
-65.45
-69.76%
IN:SAURASHCEM
Saurashtra Cement Limited
49.73
-55.72
-52.84%
Kesoram Industries Ltd Corporate Events
Kesoram Issues Corrigendum to FY26 Annual Report to Clarify Disclosures
Aug 4, 2026
Kesoram Industries Ltd., headquartered in Kolkata, is a long-established Indian industrial company listed on major domestic exchanges and known for its diversified operations. The group serves a wide investor base while emphasizing adherence to co...
Kesoram Industries Schedules 107th AGM, Expands Digital Access for Shareholders
Jul 21, 2026
Kesoram Industries has called its 107th Annual General Meeting for August 18, 2026 at 11:30 a.m., to be held via video conferencing and other audio-visual means in line with SEBI listing regulations. The notice and the Annual Report for FY 2025-26...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.