KSE Ltd. (IN:KSE)
:KSE
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KSE Ltd.
(KSE)
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Rating:72Outperform
Price Target:
₹203.00
▼(-10.67% Downside)
Action:N/ADate:01/20/26
Score is driven primarily by improved FY2025 fundamentals (profitability rebound, strong cash generation, and low leverage) and an attractive valuation (low P/E with a ~3.5% dividend yield). This is partially offset by weak technical momentum, with the stock trading below key moving averages and a negative MACD, alongside historical volatility in earnings and cash flows.
Positive Factors
Strong cash generation
FY2025 OCF (~1.41B) and FCF (~1.26B), with FCF covering ~0.89x of net income, indicate durable cash conversion. Persistent free cash flow supports capex, dividends, working-capital needs and debt reduction, reducing reliance on external funding over the medium term.
Negative Factors
Revenue decline & volatility
Revenue fell ~1.5% while earnings and cash flows have swung materially across years. Persistent top-line weakness or inconsistent volumes erode operating leverage and make it harder to trust margin recovery, increasing execution risk for sustained profit improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
FY2025 OCF (~1.41B) and FCF (~1.26B), with FCF covering ~0.89x of net income, indicate durable cash conversion. Persistent free cash flow supports capex, dividends, working-capital needs and debt reduction, reducing reliance on external funding over the medium term.
Read all positive factors
KSE Ltd. (KSE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.15B
Dividend YieldN/A
Average Volume (3M)4.52K
Price to Earnings (P/E)10.9
Beta (1Y)0.72
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees767
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)5.11
Shares Outstanding32,000,000
10 Day Avg. Volume7,296
30 Day Avg. Volume4,517
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)2.13
Price to Sales (P/S)0.38
P/FCF Ratio5.03
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
KSE Ltd. Business Overview & Revenue Model
Company Description
KSE Ltd. engages in the manufacture of compound cattle feed, extraction of oil from copra cake by solvent extraction, process and refining the same to edible grade and in dairying including ice cream. It operates through the following segments: An...
How the Company Makes Money
KSE primarily makes money by manufacturing and selling compound cattle feed (a high-volume, recurring-consumption product) to dairy farmers and other livestock owners via dealers/distributors and direct institutional buyers where applicable; reven...
KSE Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.34B | 16.50B | 16.83B | 16.10B | 16.70B | 15.43B |
| Gross Profit | 2.99B | 2.21B | 1.44B | 1.06B | 1.28B | 2.41B |
| EBITDA | 1.58B | 1.31B | 317.93M | 34.98M | 142.95M | 1.54B |
| Net Income | 1.11B | 913.07M | 176.09M | -23.81M | 65.71M | 1.13B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.57B | 2.78B | 2.68B | 2.81B | 3.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.63B | 432.19M | 740.47M | 602.67M | 1.22B |
| Total Debt | 0.00 | 240.61M | 208.43M | 189.85M | 190.90M | 404.64M |
| Total Liabilities | -2.97B | 599.85M | 530.58M | 538.73M | 578.64M | 918.63M |
| Stockholders Equity | 2.97B | 2.97B | 2.25B | 2.14B | 2.23B | 2.43B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.26B | -234.71M | 210.84M | -135.97M | 303.84M |
| Operating Cash Flow | 0.00 | 1.41B | -150.16M | 342.83M | 38.12M | 342.43M |
| Investing Cash Flow | 0.00 | -1.19B | 237.31M | -317.35M | 550.56M | -419.25M |
| Financing Cash Flow | 0.00 | -159.82M | -71.72M | -82.91M | -505.04M | 133.18M |
KSE Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹6.15B | 10.91 | ― | ― | ― | ― | |
69 Neutral | ₹3.79B | 12.62 | ― | 4.81% | 4.57% | -10.62% | |
67 Neutral | ₹8.10B | 18.24 | ― | ― | ― | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
49 Neutral | ₹5.26B | 221.21 | ― | ― | 2.88% | -828.14% | |
46 Neutral | ₹3.98B | 16.80 | ― | ― | -11.28% | -62.38% |
* Consumer Defensive Sector Average
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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.