IPO Plus

10.89

+0.51 +4.91%

11 Sept 2026

BSE Listed · Sugar

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-09-02

Kesar Enterprises Ltd. (507180)

Volume: 32,281Avg Vol 1W: 79,959Avg Vol 1M: 1,20,65152W Range:4.111.6
Market Cap₹110 Cr
Current Price₹10.89
Previous Close₹10.38
High / Low (52w)₹11.6 / ₹4.1
Volume32,281
Avg Vol (1W)79,959
Avg Vol (1M)1,20,651
Stock P/E-1.32
Book Value₹-17.7
Dividend Yield0%
ROE-67.22%
ROA-11.38%
Revenue (TTM)
Revenue Growth
Profit Margin-18.14%
Total Debt
Shares Outstanding10 Cr
Face Value₹1
EPS (TTM)₹0
P/B
Debt / Equity2
50 DMA₹7.2
200 DMA₹6.39
Day change+4.91%
SurveillanceESM · ESM 1
Price Chart
10.89 1.21% · 1Y
6444.0L
2025-09-11
2026-09-11

20-day avg volume: 1.3L shares

Pros
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹38 Cr₹164 Cr₹63 Cr₹20 Cr₹14 Cr₹104 Cr₹166 Cr₹0 Cr
EBITDA₹-19 Cr₹-13 Cr₹-13 Cr₹-12 Cr₹-16 Cr₹-2 Cr₹-4 Cr₹-14 Cr
Net Profit₹-23 Cr₹-16 Cr₹-16 Cr₹-15 Cr₹-19 Cr₹-6 Cr₹-7 Cr₹-19 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹405 Cr₹521 Cr₹655 Cr₹472 Cr₹554 Cr₹623 Cr₹335 Cr₹316 Cr
EBITDA₹5 Cr₹27 Cr₹117 Cr₹-3 Cr₹-17 Cr₹97 Cr₹-60 Cr₹-34 Cr
Net Profit₹-40 Cr₹2 Cr₹90 Cr₹-29 Cr₹-44 Cr₹84 Cr₹-73 Cr₹-48 Cr
EPS-39.912.2889.12-28.66-43.7182.93-72.05-4.8
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹652 Cr₹631 Cr₹629 Cr₹624 Cr₹588 Cr₹631 Cr₹523 Cr₹453 Cr
Total Liabilities₹596 Cr₹578 Cr₹495 Cr₹519 Cr₹528 Cr₹439 Cr₹404 Cr₹381 Cr
Equity₹56 Cr₹53 Cr₹134 Cr₹105 Cr₹60 Cr₹192 Cr₹119 Cr₹72 Cr
Total Debt
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹79 Cr₹63 Cr₹52 Cr₹12 Cr₹58 Cr₹-5 Cr₹-24 Cr
Investing₹-19 Cr₹-22 Cr₹-24 Cr₹3 Cr₹0 Cr₹0 Cr₹13 Cr
Financing₹-52 Cr₹-25 Cr₹-27 Cr₹-34 Cr₹-55 Cr₹-4 Cr₹15 Cr
Free Cash Flow₹79 Cr₹63 Cr₹52 Cr₹13 Cr₹58 Cr₹-5 Cr₹-24 Cr
Shareholding
Promoter 70.53% Institutions 1.52% Public 27.95%
Efficiency & Working Capital
ROCE-28.7%
Interest Coverage2.7
Dividend Payout
Debtor Days6 d
Inventory Days5 d
Payable Days213 d
Cash Conversion Cycle-201 d
Working Capital Days11 d
Shareholding Details

As of 2026-06-30

Promoter70.5%
FII0%
DII1.5%
Institutions1.5%
Public27.9%
Promoter Pledge0%
No. of Shareholders5,607
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters71%71%71%70.9%70.9%70.9%70.8%70.7%70.7%70.5%70.5%70.5%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.7%1.7%1.5%1.5%
Public27.3%27.3%27.3%27.3%27.3%27.3%27.5%27.5%27.5%27.7%27.9%27.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,4654,3394,4064,4094,2474,2734,3954,3685,1115,5205,6865,607
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Seel Investment Pvt LtdShareholding of Promoter and Promoter Group32%3.23 Cr
Kesar Corporation Pvt LtdShareholding of Promoter and Promoter Group24.5%2.47 Cr
Harsh Rajnikant KilachandShareholding of Promoter and Promoter Group7.9%79,47,643
Shah BhadreshkumarPublic Shareholding3.1%31,57,050
Raju BhandariPublic Shareholding3.1%31,57,222
Indian Commercial Company Pvt LtdShareholding of Promoter and Promoter Group2.4%24,24,160
Rohita Harsh KilachandShareholding of Promoter and Promoter Group2.2%21,66,332
Ashish Bharatkumar ShahPublic Shareholding2.1%20,80,880
The Oriental Insurance Company LimitedPublic Shareholding1.5%15,23,550
Rohan Harsh KilachandShareholding of Promoter and Promoter Group1.4%14,01,672
Raviraj Developers LtdPublic Shareholding1.3%13,36,460
Kesar Enterprises Limited Suspense Escrow Demat AccountPublic Shareholding1.2%12,23,190
Natasha Harsh KilachandShareholding of Promoter and Promoter Group0.1%1,43,777
Rajnikant A Kilachand HufShareholding of Promoter and Promoter Group0%34,470
Amrish Rajnikant KilachandShareholding of Promoter and Promoter Group0%250
Ramila Rajnikant KilachandShareholding of Promoter and Promoter Group0%0
Madhavi Harsh KilachandShareholding of Promoter and Promoter Group0%0
Executors Of Estate Of Late Shri Ambalal Kilachand 1.dilip Babasaheb Bhosale 2.harsh Rajnikant KilacShareholding of Promoter and Promoter Group0%0
Harsh Rajnikant Kilachand (rajnikant Kilachand Estate)Shareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
H R KilachandChairman / Executive Director / M D / Promoter2026
Ranjana Ashok SinhaIndependent Non Exe. Director2026
Narendra MairpadyIndependent Non Exe. Director2026
D J ShahNon-Exec & Non-Independent Dir2026
Gaurav SharmaCompany Secretary / Vice President2026
Segments — Product
SegmentRevenueShare
Sugar₹309 Cr82.9%
Power₹64 Cr17.1%
Spirits₹0 Cr0%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹1281010
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings
split2025-09-181:10face value change from 10 to 1
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202600028991
202600005555
202600023436
Insider / Designated-Person Trades

15 recent disclosure(s)

Natasha Harsh KilachandDisposal · 1,37,270
Natasha Harsh KilachandAcquisition · 61,707
Rohita Harsh KilachandAcquisition · 61,706
Rohan Harsh KilachandAcquisition · 61,706
Harsh Rajnikant KilachandAcquisition · 61,706
Harsh Rajnikant Kilachand HUFDisposal · 2,46,825
Substantial Acquisitions (SAST)

3 disclosure(s)

Market18/12/2025 · 1,37,270
Market17/12/2025 · 38,294
Off Market / Inter se transfer16/12/2025 · 2,46,825
Company Information
Incorporated1933
ChairmanH R Kilachand
AuditorChandabhoy & Jassoobhoy
Investor Email[email protected]; headofficer@kesarindi
🌐 www.kesarindia.com

📍 Oriental House, 7 Jamshedji Tata Road Churchga, Mumbai, Maharashtra, 400020

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