About Kesar Enterprises Limited
Data last updated: 14 July 2026
Kesar Enterprises Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in sugar processing, a part of the broader agriculture sector. Incorporated on 01 August 1933, the company has been in operation for over 93 years.
Registered with ROC Mumbai under CIN L24116MH1933PLC001996. Listed on BSE: 507180 and NSE: KESARENT.
Capital: an authorised share capital of ₹28 Cr and a paid-up capital of ₹10.08 Cr. Formerly known as Distillers Trading Corporation Pvt Ltd and Kesar Sugar Works Ltd. It is led by directors including Mahesh Ambalal Kuvadia and Harsh Rajnikant Kilachand.
Last AGM: 22 August 2025. Financial statements filed for year ended 31 March 2025. Office: Oriential House7 J Tata Road Church Gate, Mumbai, Maharashtra, India – 400020.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹304.5 Cr, a decline of 8.82% compared to the previous year. The net worth stands at ₹72.01 Cr (down 39.33% YoY). Total assets are valued at ₹453.24 Cr (down 13.3% YoY).
The company is associated with 1 brand - Kel. As per MCA filings, the company has open charges of ₹257.63 Cr and satisfied charges of ₹590.51 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kesarindia.com.
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Registered AddressOriential House7 J Tata Road Church Gate, Mumbai, Maharashtra, India – 400020
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IndustryAgriculture, Sugar Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
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Name History of Kesar Enterprises Limited
Kesar Enterprises Limited has undergone 2 name changes throughout its history. The company was previously known as Distillers Trading Corporation Pvt Ltd, and Kesar Sugar Works Ltd. The current legal name is Kesar Enterprises Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Kesar Enterprises Limited | Current |
| Distillers Trading Corporation Pvt Ltd | Previous |
| Kesar Sugar Works Ltd | Previous |
Associated Brands with Kesar Enterprises Limited
Kesar Enterprises Limited operates one associated brand: KEL. These brands represent Kesar Enterprises Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Sugar, spirits, and cogenerated power are manufactured by KEL. | kesarindia.com |
Business Activity of Kesar Enterprises Limited
Kesar Enterprises Limited is engaged in principal business activities including manufacturing and electricity, gas, steam and air condition supply, with detailed activities including food, beverages and tobacco products, electric power generation, transmission and distribution, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Kesar Enterprises Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Kesar Enterprises Limited
Kesar Enterprises Limited is audited by Chandabhoy Jassoobhoy (ICAI peer reviewed, certificate valid till 2026-10-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Chandabhoy Jassoobhoy (ICAI peer reviewed, certificate valid till 2026-10-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Kesar Enterprises Limited
Kesar Enterprises Limited is currently managed by 5 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Mahesh Ambalal Kuvadia
Also directs:
Kesar Terminals & Infrastructure Limited, Telogica Limited
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Director | 11 Jul 2016 | 10 Years 1 Months | Current |
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Harsh Rajnikant Kilachand
Also directs:
Kesar Terminals & Infrastructure Limited, Seel Investment Private Limited, Kesar Corporation Private Limited and 2 more
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Managing Director | 14 Aug 2010 | 16 Years 0 Months | Current |
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Ranjana Ashok Sinha
Also directs:
Management Gyan Llp
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Director | 20 Sep 2019 | 6 Years 11 Months | Current |
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Narendra Mairpady
Also directs:
Ipca Laboratories Limited, Saatvik Green Energy Limited, Equippp Social Impact Technologies Limited and 5 more
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Director | 13 Nov 2020 | 5 Years 9 Months | Current |
|
Devendra Jitendra Shah
Also directs:
Seel Investment Private Limited, Kesar Corporation Private Limited, Indian Commercial Co Pvt Ltd and 1 more
|
Director | 12 Aug 2022 | 4 Years 0 Months | Current |
Financials of Kesar Enterprises Limited FY 2026 filings available
Kesar Enterprises Limited reported revenue of ₹304.5 Cr (down 8.82% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹304.5 Cr | ₹333.97 Cr | ₹531.06 Cr | ₹552.76 Cr | ₹469.17 Cr | ₹547.46 Cr | ₹517.84 Cr | ₹403.11 Cr |
| Other Income | ₹11.93 Cr | ₹1.37 Cr | ₹92.08 Cr | ₹1.65 Cr | ₹2.7 Cr | ₹106.92 Cr | ₹2.82 Cr | ₹1.92 Cr |
| Total Income | ₹316.43 Cr | ₹335.34 Cr | ₹623.13 Cr | ₹554.41 Cr | ₹471.87 Cr | ₹654.38 Cr | ₹520.66 Cr | ₹405.03 Cr |
| Cost of Materials Consumed | ₹235.88 Cr | ₹235.01 Cr | ₹427.19 Cr | ₹470.53 Cr | ₹393.37 Cr | ₹445.27 Cr | ₹391.13 Cr | ₹362.16 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹30.51 Cr | ₹70.35 Cr | -₹4.1 Cr | -₹3.54 Cr | -₹8.94 Cr | ₹5.32 Cr | ₹19.81 Cr | -₹33.44 Cr |
| Employee Benefit Expense | ₹32.4 Cr | ₹36.2 Cr | ₹36.44 Cr | ₹38.34 Cr | ₹31.88 Cr | ₹30.47 Cr | ₹26.55 Cr | ₹23.24 Cr |
| Finance Costs | ₹14.25 Cr | ₹12.6 Cr | ₹13.9 Cr | ₹27.32 Cr | ₹25.72 Cr | ₹26.94 Cr | ₹24.91 Cr | ₹44.78 Cr |
| Depreciation & Amortisation | ₹23.16 Cr | ₹20.97 Cr | ₹18.22 Cr | ₹18.99 Cr | ₹18.37 Cr | ₹19.31 Cr | ₹18.26 Cr | ₹19.13 Cr |
| Other Expenses | ₹28.63 Cr | ₹32.69 Cr | ₹47.91 Cr | ₹46.83 Cr | ₹40.2 Cr | ₹37.25 Cr | ₹37.71 Cr | ₹29.39 Cr |
| Total Expenses | ₹364.84 Cr | ₹407.83 Cr | ₹539.54 Cr | ₹598.47 Cr | ₹500.6 Cr | ₹564.55 Cr | ₹518.36 Cr | ₹445.26 Cr |
| Profit Before Exceptional Items & Tax | -₹48.41 Cr | -₹72.49 Cr | ₹83.59 Cr | -₹44.06 Cr | -₹28.72 Cr | ₹89.83 Cr | ₹2.29 Cr | -₹40.22 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹48.41 Cr | -₹72.49 Cr | ₹83.59 Cr | -₹44.06 Cr | -₹28.72 Cr | ₹89.83 Cr | ₹2.29 Cr | -₹40.22 Cr |
| Total Tax Expense | ₹0 | ₹13.39 Lakh | ₹0 | ₹0 | ₹16.94 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹48.41 Cr | -₹72.62 Cr | ₹83.59 Cr | -₹44.06 Cr | -₹28.89 Cr | ₹89.83 Cr | ₹2.29 Cr | -₹40.22 Cr |
| Other Comprehensive Income | ₹1.67 Cr | -₹46.11 Lakh | ₹4.09 Cr | -₹78.6 Lakh | -₹28.01 Lakh | ₹1.2 Cr | -₹5.2 Cr | -₹7.15 Cr |
| Total Comprehensive Income | -₹46.74 Cr | -₹73.09 Cr | ₹87.68 Cr | -₹44.84 Cr | -₹29.17 Cr | ₹91.03 Cr | -₹2.91 Cr | -₹47.37 Cr |
| EBITDA (computed) | -₹11 Cr | -₹38.92 Cr | ₹115.71 Cr | ₹2.25 Cr | ₹15.37 Cr | ₹136.08 Cr | ₹45.46 Cr | ₹23.69 Cr |
| Basic EPS | ₹-4.80 | ₹-72.05 | ₹82.93 | ₹-43.71 | ₹-28.66 | ₹89.12 | ₹2.28 | ₹-39.91 |
| Diluted EPS | ₹-4.80 | ₹-72.05 | ₹82.93 | ₹-43.71 | ₹-28.66 | ₹89.12 | ₹2.28 | ₹-39.91 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹453.24 Cr | ₹522.77 Cr | ₹630.8 Cr | ₹588.09 Cr | ₹623.53 Cr | ₹628.58 Cr | ₹630.96 Cr | ₹651.81 Cr |
| Non-current Assets | ₹428.96 Cr | ₹460.58 Cr | ₹481.95 Cr | ₹449.98 Cr | ₹466.67 Cr | ₹465.61 Cr | ₹476.38 Cr | ₹475.15 Cr |
| Current Assets | ₹24.28 Cr | ₹62.19 Cr | ₹148.84 Cr | ₹138.11 Cr | ₹156.86 Cr | ₹162.96 Cr | ₹154.57 Cr | ₹176.66 Cr |
| Property, Plant & Equipment | ₹423.4 Cr | ₹446.37 Cr | ₹467.11 Cr | ₹438.53 Cr | ₹456.74 Cr | ₹431.75 Cr | ₹461.48 Cr | ₹450.76 Cr |
| Inventories | ₹4.03 Cr | ₹35.35 Cr | ₹105.55 Cr | ₹104.24 Cr | ₹101.05 Cr | ₹91.17 Cr | ₹93.98 Cr | ₹114.46 Cr |
| Trade Receivables | ₹5.26 Cr | ₹5.16 Cr | ₹12.95 Cr | ₹9.07 Cr | ₹19.1 Cr | ₹34.89 Cr | ₹47.83 Cr | ₹54.5 Cr |
| Cash & Equivalents | ₹4.26 Cr | ₹81.35 Lakh | ₹10.11 Cr | ₹7.5 Cr | ₹26.32 Cr | ₹25.34 Cr | ₹9.43 Cr | ₹1.65 Cr |
| Equity (Net Worth) | ₹72.01 Cr | ₹118.7 Cr | ₹191.74 Cr | ₹59.72 Cr | ₹104.8 Cr | ₹133.89 Cr | ₹53.3 Cr | ₹56.12 Cr |
| Equity Share Capital | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr | ₹10.08 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹21.09 Cr | ₹37.96 Cr | ₹4.06 Cr |
| Borrowings (Current) | ₹7.5 Cr | ₹8 Cr | ₹10 Cr | ₹28.01 Cr | ₹28.01 Cr | ₹26.41 Cr | ₹26.41 Cr | ₹89.58 Cr |
| Total Debt (computed) | ₹7.5 Cr | ₹8 Cr | ₹10 Cr | ₹28.01 Cr | ₹28.01 Cr | ₹47.5 Cr | ₹64.36 Cr | ₹93.64 Cr |
| Current Liabilities | ₹328.64 Cr | ₹371.41 Cr | ₹413.25 Cr | ₹516.06 Cr | ₹498.82 Cr | ₹453.83 Cr | ₹520.91 Cr | ₹583.72 Cr |
| Total Liabilities | ₹381.23 Cr | ₹404.08 Cr | ₹439.06 Cr | ₹528.36 Cr | ₹518.73 Cr | ₹494.69 Cr | ₹577.66 Cr | ₹595.7 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹24.68 Cr | -₹5.26 Cr | ₹57.26 Cr | ₹12.14 Cr | ₹51.61 Cr |
| Investing Cash Flow | ₹13.32 Cr | ₹1.3 Lakh | ₹18.94 Lakh | ₹2.87 Cr | -₹23.87 Cr |
| Financing Cash Flow | ₹14.8 Cr | -₹4.05 Cr | -₹54.83 Cr | -₹33.83 Cr | -₹26.76 Cr |
| Capital Expenditure | ₹12.66 Lakh | ₹13.15 Lakh | ₹1.64 Cr | ₹3.18 Cr | ₹29.52 Cr |
| Free Cash Flow (computed) | -₹24.8 Cr | -₹5.39 Cr | ₹55.62 Cr | ₹8.96 Cr | ₹22.09 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹3.45 Cr | -₹9.3 Cr | ₹2.61 Cr | -₹18.82 Cr | ₹97.76 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹166.32 Cr | ₹104.31 Cr | ₹13.66 Cr | ₹20.21 Cr | ₹63.19 Cr | ₹163.77 Cr | ₹37.52 Cr | ₹69.49 Cr |
| Other Income | ₹9.98 Cr | ₹2.22 Lakh | ₹22.16 Lakh | ₹1.7 Cr | ₹42.7 Lakh | -₹5.25 Lakh | ₹48.19 Lakh | ₹51.55 Lakh |
| Total Income | ₹176.3 Cr | ₹104.33 Cr | ₹13.88 Cr | ₹21.92 Cr | ₹63.62 Cr | ₹163.72 Cr | ₹38 Cr | ₹70 Cr |
| Cost of Materials Consumed | ₹123.17 Cr | ₹112.32 Cr | ₹32.1 Lakh | ₹6.51 Lakh | ₹71.07 Cr | ₹163.81 Cr | ₹4.56 Lakh | ₹8.99 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹25.87 Cr | -₹25.6 Cr | ₹13.5 Cr | ₹16.74 Cr | -₹15.92 Cr | -₹11.9 Cr | ₹33.72 Cr | ₹64.46 Cr |
| Employee Benefit Expense | ₹10.32 Cr | ₹8.33 Cr | ₹6.8 Cr | ₹6.95 Cr | ₹9.53 Cr | ₹9.71 Cr | ₹9.42 Cr | ₹7.54 Cr |
| Finance Costs | ₹3.47 Cr | ₹3.91 Cr | ₹3.5 Cr | ₹3.38 Cr | ₹3.31 Cr | ₹3.28 Cr | ₹3.53 Cr | ₹2.47 Cr |
| Depreciation & Amortisation | ₹7.73 Cr | ₹5.27 Cr | ₹5.11 Cr | ₹5.05 Cr | ₹5.09 Cr | ₹5.33 Cr | ₹5.28 Cr | ₹5.27 Cr |
| Other Expenses | ₹13.08 Cr | ₹6.32 Cr | ₹4.12 Cr | ₹5.11 Cr | ₹6.78 Cr | ₹9.69 Cr | ₹8.94 Cr | ₹7.29 Cr |
| Total Expenses | ₹183.64 Cr | ₹110.56 Cr | ₹33.35 Cr | ₹37.3 Cr | ₹79.85 Cr | ₹179.92 Cr | ₹60.94 Cr | ₹87.13 Cr |
| Profit Before Exceptional Items & Tax | -₹7.34 Cr | -₹6.23 Cr | -₹19.47 Cr | -₹15.38 Cr | -₹16.23 Cr | -₹16.2 Cr | -₹22.94 Cr | -₹17.12 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹7.34 Cr | -₹6.23 Cr | -₹19.47 Cr | -₹15.38 Cr | -₹16.23 Cr | -₹16.2 Cr | -₹22.94 Cr | -₹17.12 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹13.39 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹7.34 Cr | -₹6.23 Cr | -₹19.47 Cr | -₹15.38 Cr | -₹16.36 Cr | -₹16.2 Cr | -₹22.94 Cr | -₹17.12 Cr |
| Other Comprehensive Income | ₹76.61 Lakh | -₹2.23 Cr | -₹4.27 Lakh | ₹3.18 Cr | -₹51.34 Lakh | -₹2.03 Cr | -₹84.27 Lakh | ₹2.92 Cr |
| Total Comprehensive Income | -₹6.57 Cr | -₹8.45 Cr | -₹19.51 Cr | -₹12.2 Cr | -₹16.88 Cr | -₹18.23 Cr | -₹23.78 Cr | -₹14.2 Cr |
| EBITDA (computed) | ₹3.86 Cr | ₹2.96 Cr | -₹10.87 Cr | -₹6.95 Cr | -₹7.83 Cr | -₹7.59 Cr | -₹14.13 Cr | -₹9.38 Cr |
| Basic EPS | ₹-0.73 | ₹-0.62 | ₹-1.93 | ₹-15.26 | ₹-16.24 | ₹-16.07 | ₹-22.76 | ₹-16.99 |
| Diluted EPS | ₹-0.73 | ₹-0.62 | ₹-1.93 | ₹-15.26 | ₹-16.24 | ₹-16.07 | ₹-22.76 | ₹-16.99 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Sugar | ₹170.16 Cr | -₹2.89 Cr | ₹175.84 Cr | ₹249.27 Cr |
| Cogen | ₹30.09 Cr | ₹4.82 Cr | ₹150.61 Cr | ₹77.12 Cr |
| Spirits | ₹0 | -₹3.72 Cr | ₹78.98 Cr | ₹78.28 Lakh |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Sugar | ₹308.87 Cr | -₹29.7 Cr | - | - |
| Cogen | ₹63.7 Cr | ₹9.35 Cr | - | - |
| Spirits | ₹16.99 Lakh | -₹7.65 Cr | - | - |
Shareholding Pattern of Kesar Enterprises Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 70.53%, domestic institutional investors hold 1.52%, retail and other public shareholders hold 27.95% of Kesar Enterprises Limited. The company had 5,686 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 70.53% | 70.53% | 70.73% | 70.73% | 70.77% | 70.90% |
| Public | 29.47% | 29.47% | 29.27% | 29.27% | 29.23% | 29.10% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 70.53% | 70.77% | 70.98% |
| Public | 29.47% | 29.23% | 29.02% |
| Promoter change (YoY, %pts) | -0.24 | -0.21 | - |
Charges & Borrowings of Kesar Enterprises Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2025 | Others | ₹7.5 Cr | Open |
| 18 Dec 2009 | Government of India | ₹4.67 Cr | Open |
| 03 Jul 2009 | U. P.Co-Operative Bank Ltd. Thru Its Agent Idbi Trusteeship Services Ltd. | ₹180 Cr | Open |
| 28 Jun 2008 | Government of India | ₹32.73 Cr | Open |
| 08 Feb 2008 | Government of India | ₹32.73 Cr | Open |
Total charge records: 34 View all charges
Employees and EPFO Compliance at Kesar Enterprises Limited
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Employee and EPFO history for Kesar Enterprises Limited
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GST Compliance of Kesar Enterprises Limited
GST registrations and filing compliance for Kesar Enterprises Limited
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Credit Ratings, Litigation & Regulatory Alerts for Kesar Enterprises Limited
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MSME Payment Delays by Kesar Enterprises Limited
MSME payment history for Kesar Enterprises Limited
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Subsidiaries & Group Companies of Kesar Enterprises Limited
Corporate group structure for Kesar Enterprises Limited
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MCA Filings & Documents of Kesar Enterprises Limited
MCA filings and documents for Kesar Enterprises Limited
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Recent Activity on Kesar Enterprises Limited
Frequently Asked Questions about Kesar Enterprises Limited
Kesar Enterprises Limited is an active public limited company in the agriculture sector based in Mumbai, Maharashtra, India. It was incorporated on 01 August 1933 (93+ years old) and is registered under CIN L24116MH1933PLC001996. Listed on BSE: 507180 and NSE: KESARENT.
Kesar Enterprises Limited reported revenue of ₹304.5 Cr for FY 2026 (down 8.82% YoY) based on standalone BSE filings.
The current directors of Kesar Enterprises Limited are:
- Mahesh Ambalal Kuvadia - Director
- Harsh Rajnikant Kilachand - Managing Director
- Ranjana Ashok Sinha - Director
- Narendra Mairpady - Director
- Devendra Jitendra Shah - Director
The primary industry of Kesar Enterprises Limited is agriculture. The company specifically operates in sugar processing. The company is currently active in this sector.
Yes. Kesar Enterprises Limited is listed on both BSE (code: 507180) and NSE (symbol: KESARENT).
Kesar Enterprises Limited can be reached at the registered office: Oriential House7 J Tata Road Church Gate, Mumbai, Maharashtra, India – 400020, or through the website kesarindia.com.