Kesoram Industries Ltd (KESORAMIND) AI Stock Analysis

Kesoram Industries Ltd

(NSE:KESORAMIND)

Select Model

Rating:54Neutral

Price Target:INR 11.50▼(-4.33% Downside)

Action:reiterated

Date:10/17/26

The score is held back primarily by weak financial performance, driven by FY2026 broad-based losses, a steep revenue decline, and negative operating/free cash flow. Technicals provide the main offset, with the stock above key moving averages and generally positive momentum readings. Valuation remains middling because the negative P/E reflects loss-making performance and no dividend yield data is available.

Positive Factors

Improved LeverageLower leverage than the extreme FY2024 level provides a stronger balance-sheet foundation and may reduce financial strain. The larger equity base also improves resilience and preserves more flexibility for operations, restructuring, or future investment than the earlier highly leveraged position.

Negative Factors

Severe Profitability DeteriorationLosses across every reported profitability level indicate that the downturn is affecting the core economics of the business, not merely bottom-line items. The steep revenue contraction and negative margins weaken earnings visibility, reduce reinvestment capacity, and make recovery dependent on a meaningful operating improvement.

Kesoram Industries Ltd (KESORAMIND) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.93B
Dividend Yield: ―
Average Volume (3M): 103.62K
Price to Earnings (P/E): -41.5
Beta (1Y): 1.03
Revenue Growth: 4.64%
EPS Growth: -100.16%
Country: India
Employees: 11
Sector: General
Sector Strength: 55
Industry: Construction Materials

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. A...

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. Reven...

Kesoram Industries Ltd Financial Statement Overview

Summary

Financial quality is currently pressured: the Income Statement shows sharp deterioration with FY2026 losses across gross, operating, and net levels alongside a ~55% revenue decline, and Cash Flow is weak with meaningfully negative operating cash flow and free cash flow. The Balance Sheet is a relative positive with leverage improved to a more moderate debt-to-equity (~0.6), but volatility and negative ROE in FY2026 keep the overall financial profile below average.

Income Statement

24Negative

Balance Sheet

43Neutral

Cash Flow

31Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price12.02

Price Trends

50DMA11.50Positive

100DMA11.56Positive

200DMA10.85Positive

Market Momentum

MACD0.26Negative

RSI52.58Neutral

STOCH61.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KESORAMIND, the sentiment is Positive. The current price of 12.02 is above the 20-day moving average (MA) of 11.54, above the 50-day MA of 11.50, and above the 200-day MA of 10.85, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 61.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KESORAMIND.

Kesoram Industries Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KESORAMIND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KESORAMIND	54Neutral	INR 3.73B	-41.48	―	―	4.64%	-100.16%
IN:EUROBOND	52Neutral	INR 3.29B	12.91	―	―	―	―
IN:GSLSU	43Neutral	INR 1.01B	-3.52	―	―	-0.38%	-7.58%
IN:APCL	42Neutral	INR 2.42B	-7.36	―	―	-10.65%	50.21%
IN:SAURASHCEM	40Underperform	INR 5.10B	75.32	―	―	7.86%	-51.97%
IN:ACL	38Underperform	INR 3.33B	-4.50	―	―	56.40%	53.54%

* General Sector Average

Performance Comparison

IN:KESORAMIND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KESORAMIND	Kesoram Industries Ltd	12.01	6.92	135.95%
IN:ACL	Andhra Cements Limited	36.13	-35.37	-49.47%
IN:APCL	Anjani Portland Cement Limited	82.50	-41.60	-33.52%
IN:EUROBOND	Euro Panel Products Limited	134.45	-73.90	-35.47%
IN:GSLSU	Global Surfaces Limited	23.80	-94.90	-79.95%
IN:SAURASHCEM	Saurashtra Cement Limited	45.81	-54.79	-54.46%

Kesoram Industries Ltd Corporate Events

Kesoram Industries Announces Exit from BK Birla Group and New Promoter Control

Oct 15, 2026

Kesoram Industries Ltd has formally notified shareholders, customers, vendors, lenders and the public that, effective 12 September 2026, it is no longer part of the BK Birla Group. Control of the company has shifted to Frontier Warehousing Ltd, which...

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 corpo...

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.

Date of analysis: Oct 17, 2026

Kesoram Industries Ltd AI Stock Analysis