Kesar Enterprises Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24116MH1933PLC001996 Incorporated 01 August 1933 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 507180 Public Limited Company agriculture
Data last updated
Market Cap
₹111 Cr
KESARENT · BSE
Share Price
₹10.78
-2.00% today
Revenue
₹304 Cr
FY 2025-26 · -8.8% YoY
EBITDA
−₹22.93 Cr
Margin -7.5%
Net Profit
−₹49.01 Cr
FY 2025-26 · +32.5% YoY
P/E (TTM)
2.7x
P/B 0.6x
Authorised capital
₹28 Cr
Registered with MCA
Paid-up capital
₹10.08 Cr
Issued & subscribed

About Kesar Enterprises Limited

Data last updated:

Kesar Enterprises Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 01 August 1933 and has been in existence for over 93 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24116MH1933PLC001996. Its GSTIN is 27AABCK7328R1ZV (Maharashtra). The company holds 9 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 507180. Its shares were delisted from NSE on 07 Jan 2020 · voluntary delisting.

The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹10.08 Cr. It was formerly known as Distillers Trading Corporation Pvt Ltd and Kesar Sugar Works Ltd. It is led by directors including Harsh Rajnikant Kilachand (Managing Director) and Mahesh Ambalal Kuvadia.

Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Oriential House7 J Tata Road Church Gate, Mumbai, Maharashtra, India – 400020.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹304.5 Cr, a decline of 8.8% compared to the previous year. For the same year it recorded a net loss of ₹49.01 Cr (net margin -16.1%) and EBITDA of -₹22.93 Cr (EBITDA margin -7.5%). The net worth stands at ₹72.01 Cr (down 39.3% YoY). Total assets are valued at ₹191.36 Cr (down 14.2% 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. Court records list 61 cases involving the company, including 32 filed by the company and 29 filed against it; 15 cases are pending.

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.

Company details

CIN L24116MH1933PLC001996
Registration Number 001996
Incorporation Date 01 August 1933
ROC Mumbai
Listing Status Listed - Listed on BSE (507180); Delisted from NSE on 07 Jan 2020 · voluntary delisting
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Kesar Enterprises 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.

Company NameStatus
Kesar Enterprises LimitedCurrent
Distillers Trading Corporation Pvt LtdPrevious
Kesar Sugar Works LtdPrevious

Contact details

Kesar Enterprises Limited's registered office is in Mumbai, Maharashtra. Its website is kesarindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Oriential House7 J Tata Road Church Gate, Mumbai, Maharashtra, India – 400020
  • Industry
    Agriculture, Sugar Processing

To see the full contact details of Kesar Enterprises Limited, buy the company report.

Comprehensive company report
Kesar Enterprises Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Kesar Enterprises operates one associated brand: KEL. Each brand links to its own profile.

BrandDescriptionWebsite
Sugar, spirits, and cogenerated power are manufactured by KEL.kesarindia.com

Business activity

The main business activities of Kesar Enterprises are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, electric power generation, transmission and distribution and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Kesar Enterprises Limited, buy the company report.

Financials of Kesar Enterprises Limited

FY 2025-26 filings available

Kesar Enterprises Limited reported revenue of ₹304.5 Cr (down 8.8% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹304 Cr
-8.8% YoY
EBITDA
−₹22.93 Cr
+43.1% YoY
Profit After Tax
−₹49.01 Cr
+32.5% YoY
Net Worth
₹72.01 Cr
-39.3% YoY
Total Assets
₹191 Cr
-14.2% YoY
Total Debt
₹92.84 Cr
+27.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue304334531553469547518
Revenue growth-8.8%-37.1%-3.9%+17.8%-14.3%+5.7%-
EBITDA(22.93)(40.28)23.620.5912.6628.8142.63
EBITDA margin-7.5%-12.1%+4.5%+0.1%+2.7%+5.3%+8.2%
Profit before tax(48.41)(72.48)83.58(44.07)(28.73)89.822.28
Net profit(49.01)(72.61)83.58(43.70)(28.91)91.321.69
Net profit margin-16.1%-21.7%+15.7%-7.9%-6.2%+16.7%+0.3%
EPS (₹)(4.80)(72.05)82.93(43.71)(28.66)89.122.28
Balance sheet
Total assets191223291164212266394
Net worth72.0111919259.7210513453.30
Total debt92.8472.5874.5992.6096.69113323
Cash & bank6.741.1514.468.7326.6125.519.60
Net working capital(238)(238)(191)(287)(261)(208)(81.69)
Cash flow
Cash from operations(24.68)(5.26)57.2612.1451.6162.8779.24
Cash from investing13.320.010.192.87(23.87)(22.08)(19.48)
Cash from financing14.80(4.05)(54.83)(33.83)(26.76)(24.88)(51.99)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.0416610413.6620.2163.1916437.52
Revenue growth (YoY)-99.8%+163.2%-36.3%-63.6%-70.9%---
Other income0.269.980.020.221.700.43(0.05)0.48
Total expenses8.9117210124.7528.8771.4517152.13
EBITDA(8.87)(6.12)2.94(11.09)(8.66)(8.26)(7.54)(14.61)
EBITDA margin--3.7%+2.8%-81.2%-42.9%-13.1%-4.6%-38.9%
Depreciation5.857.735.275.115.055.095.335.28
Interest4.073.473.913.503.383.313.283.53
Profit before tax(18.53)(7.34)(6.22)(19.48)(15.39)(16.23)(16.20)(22.94)
Tax0.000.000.000.000.000.130.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.0416610413.6620.2163.1916437.52
Revenue growth (YoY)-99.8%+163.2%-36.3%-63.6%-70.9%---
Other income0.269.980.020.221.700.43(0.05)0.48
Total expenses8.9117210124.7528.8771.4517152.13
EBITDA(8.87)(6.12)2.94(11.09)(8.66)(8.26)(7.54)(14.61)
EBITDA margin--3.7%+2.8%-81.2%-42.9%-13.1%-4.6%-38.9%
Depreciation5.857.735.275.115.055.095.335.28
Interest4.073.473.913.503.383.313.283.53
Profit before tax(18.53)(7.34)(6.22)(19.48)(15.39)(16.23)(16.20)(22.94)
Tax0.000.000.000.000.000.130.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue304334531553469547518
Revenue growth-8.8%-37.1%-3.9%+17.8%-14.3%+5.7%-
Other income11.931.3792.081.652.701072.82
Total expenses327374507552457519475
Employee cost32.4036.2036.4438.3431.8830.4726.55
EBITDA(22.93)(40.28)23.620.5912.6628.8142.63
EBITDA margin-7.5%-12.1%+4.5%+0.1%+2.7%+5.3%+8.2%
Depreciation23.1620.9718.2218.9918.3719.3118.26
Interest14.2512.6013.9027.3225.7226.9424.91
Profit before tax(48.41)(72.48)83.58(44.07)(28.73)89.822.28
Tax0.000.130.000.000.170.000.00
Net profit(49.01)(72.61)83.58(43.70)(28.91)91.321.69
Net profit margin-16.1%-21.7%+15.7%-7.9%-6.2%+16.7%+0.3%
EPS (₹)(4.80)(72.05)82.93(43.71)(28.66)89.122.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.0810.0810.0810.0810.0810.0810.08
Reserves & surplus61.9310918249.6494.7212443.22
Shareholders' funds (net worth)72.0111919259.7210513453.30
Secured loans84.5763.7963.7963.7967.7983.53294
Unsecured loans8.278.7910.8028.8128.9029.8729.04
Total debt92.8472.5874.5992.6096.69113323
Total liabilities191223291164212266394
Assets
Gross block754754753707707665695
Net block424447468439457433463
Capital work in progress0.080.380.351.560.8116.784.80
Investments2.877.657.624.579.8011.931.88
Inventories4.0335.3510610410191.1793.98
Sundry debtors5.265.1612.959.0719.1034.8947.83
Cash & bank balances6.741.1514.468.7326.6125.519.60
Loans & advances8.2220.2515.8814.753.602.983.36
Total current assets24.2561.91149137150155155
Total current liabilities262300339424412362236
Net working capital(238)(238)(191)(287)(261)(208)(81.69)
Total assets191223291164212266394
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.8110.117.5026.3225.349.431.65
Net cash from operating activities(24.68)(5.26)57.2612.1451.6162.8779.24
Net cash from investing activities13.320.010.192.87(23.87)(22.08)(19.48)
Net cash from financing activities14.80(4.05)(54.83)(33.83)(26.76)(24.88)(51.99)
Net change in cash3.45(9.30)2.61(18.82)0.9815.917.78
Closing cash6.741.1514.468.7326.6125.519.60
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-8.8%-37.1%-3.9%+17.8%-14.3%+5.7%-
EBITDA growth+43.1%-270.5%+3903.4%-95.3%-56.1%-32.4%-
PBT growth+33.2%-+9998.0%-53.4%-+3839.5%+9998.0%
Net income growth+32.5%-186.9%+291.3%-51.2%-131.7%+5303.6%-
Revenue CAGR (3Y)-18.0%-10.7%-1.0%+2.2%+5.2%+20.5%+11.6%
EBITDA CAGR (3Y)---6.4%-76.0%-16.5%+29.9%-12.8%
Profitability & leverage
Net income margin-15.9%-21.7%+15.7%-8.0%-6.2%+16.4%+0.4%
Return on capital employed0.0%0.0%+127.9%0.0%0.0%+36.1%+9.1%
Return on net worth0.0%0.0%-326.0%0.0%0.0%+103.9%-2.8%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-30.92-20.57257.41-148.48-450.44283.58102.22
Efficiency & per share
Fixed asset turnover0.610.681.091.151.041.261.23
Inventory turnover15.464.745.065.394.885.914.97
Debtors turnover58.4536.8848.2339.2417.3813.2410.12
EPS (₹)(4.80)(72.05)82.93(43.71)(28.66)89.122.28
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(17.70)(136.18)(69.40)(162.32)(124.04)(101.39)(199.00)

To see the full year-wise statements and ratios of Kesar Enterprises Limited, buy the company report.

Board of directors of Kesar Enterprises Limited

Kesar Enterprises has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mahesh Ambalal KuvadiaDirector11 Jul 201610 Years 3 MonthsCurrent
Harsh Rajnikant KilachandManaging Director14 Aug 201016 Years 2 MonthsCurrent
Ranjana Ashok SinhaDirector20 Sep 20197 Years 1 MonthsCurrent
Narendra MairpadyDirector13 Nov 20205 Years 11 MonthsCurrent
Devendra Jitendra ShahDirector12 Aug 20224 Years 2 MonthsCurrent

Peer comparison

Kesar Enterprises Limited is compared with the 7 companies closest to it by revenue in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Oasis Overseas Exports Private Limited₹343.71 Cr (FY 2022)55.0%Haryana, India
Gayatri Sugars Limited₹341.82 Cr (FY 2025)-9.0%Hyderabad, Telangana, India
K.C.P.Sugar and Industries Corporation Limited₹337.02 Cr (FY 2025)-19.0%Chennai, Tamil Nadu, India
Anamika Sugar Mills Private Limited₹333.73 Cr (FY 2024)13.0%New Delhi, Delhi, India
Highland Alcho Beverages Private Limited₹326.65 Cr (FY 2022)40.0%Chandigarh, India
Kothari Sugars and Chemicals Limited₹326.42 Cr (FY 2025)-37.0%Chennai, Tamil Nadu, India
Vintage Distillers Limited₹325.84 Cr (FY 2025)13.0%Delhi, India
Kesar Enterprises Limitedthis company₹304.5 Cr (FY 2026)-₹49.01 Cr-16.1%-8.8%Mumbai, Maharashtra, India

To see the full peer comparison of Kesar Enterprises Limited, buy the company report.

Auditor

Kesar Enterprises Limited is audited by V. C. Shah & Co. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
V. C. Shah & Co.FY 2024109818W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 70.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 1.50% and retail and other public shareholders hold 28.00%.

Promoters: 70.50%DII (Domestic Institutional): 1.50%Retail & Others: 28.00%
Mar 2026
QUARTER
70.50% Promoters
1.50% DII (Domestic Institutional)
28.00% Retail & Others
Promoter holding - history
Now 70.50% · Mar 2026High 70.70% · Jun 2025Low 70.50% · Dec 2025
69%69.8%70.5%71.3%72%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 70.70%Sep 2025: 70.70%Dec 2025: 70.50%Mar 2026: 70.50%70.70%70.50%70.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters70.50%70.50%70.70%70.70%
Public29.50%29.50%29.30%29.30%

Charges & borrowings

Open charges
₹257.63 Cr
Satisfied charges
₹590.51 Cr
Breakdown by lending institutions
U. P.Co-Operative Bank Ltd. Thru Its Agent Idbi Trusteeship Services Ltd.₹180.00 Cr
Government of India₹70.13 Cr
Others₹7.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Dec 2025101216060Others₹7.5 CrOpen
18 Dec 200910192791Government of India₹4.67 CrOpen
03 Jul 200910166231U. P.Co-Operative Bank Ltd. Thru Its Agent Idbi Trusteeship Services Ltd.₹180 CrOpen
28 Jun 200810110475Government of India₹32.73 CrOpen
08 Feb 200810089683Government of India₹32.73 CrOpen

To see the full charge records of Kesar Enterprises Limited, buy the company report.

Total charge records: 34 View all charges

Credit ratings & regulatory alerts

Kesar Enterprises Limited was last rated by Care on 05 Apr 2021.

Rating agencyRated onRating
Care05 Apr 2021

To see the full credit ratings and regulatory alerts of Kesar Enterprises Limited, buy the company report.

MSME payment delays

Kesar Enterprises Limited has 16 MSME Form 1 returns on record between 2015 and 2024, listing 1,070 overdue payments to 19 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 19)

SupplierAmount dueDue sinceReported on
Travel Links and Tours Private Limited
an individual supplier
an individual supplier
an individual supplier
Chemtech India

To see the full MSME payment records of Kesar Enterprises Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Kesar Enterprises has 9 GST registrations: 3 active and 6 cancelled or inactive.

Total GSTINs
9
Active
3
Cancelled / inactive
6
GSTINStateStatusRegistered on
27AABCK7328R1ZVMaharashtraActive01 Jul 2017
09AABCK7328R1ZTUttar PradeshActive01 Jul 2017
07AABCK7328R2ZWDelhiActive09 Nov 2017

To see the full GST registrations and return filing status of Kesar Enterprises Limited, buy the company report.

Recent activity

Kesar Enterprises Limited has 31 board changes on record since 1985: 18 appointments and 13 cessations. The latest: Rishabh Shah Pankaj ceased to be Director on 28 Feb 2025.

Filing
Kesar Enterprises Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101216060 was registered on 31 Dec 2025.
AGM
Kesar Enterprises Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Ceased
Rishabh Shah Pankaj ceased to be Director.
Charges
A charge registered on 13 Oct 2010 via Charge ID 10249985 with Uco Bank was fully satisfied on 29 Apr 2024.
Charges
A charge registered on 23 Jul 2010 via Charge ID 10239620 with Uco Bank was fully satisfied on 29 Apr 2024.
Charges
A charge registered on 11 Jul 2012 via Charge ID 10365156 with Allahabad Bank was fully satisfied on 12 Apr 2024.
Ceased
Anilkumar Sushilkumar Ruia ceased to be Director.
Appointed
Devendra Jitendra Shah was appointed as Director.
Charges
A charge registered on 23 Jul 2010 via Charge ID 10236652 with Idbi Trusteeship Services Limited was fully satisfied on 08 Nov 2021.
Charges
A charge registered on 03 Jul 2009 via Charge ID 10166229 with Idbi Trusteeship Services Limited was fully satisfied on 08 Nov 2021.
Charges
A charge registered on 10 Apr 2006 via Charge ID 10040342 with Idbi Trusteeship Services Limited was fully satisfied on 08 Nov 2021.

101 earlier events are in the company report.

Frequently asked questions

Kesar Enterprises is an active public limited company based in Mumbai, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 01 August 1933 (93+ years old) and is registered under CIN L24116MH1933PLC001996. Listed on BSE: 507180.

Kesar Enterprises reported revenue of ₹304.5 Cr for FY 2025-26 (down 8.8% YoY) based on standalone financials.

Kesar Enterprises has 5 current directors:

The latest financial statements of Kesar Enterprises on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Kesar Enterprises is 27AABCK7328R1ZV, registered in Maharashtra. The company has 9 GST registrations in all, of which 3 are active and 6 are cancelled or inactive. Other active GSTINs include 09AABCK7328R1ZT (Uttar Pradesh), 07AABCK7328R2ZW (Delhi).

The CIN (Corporate Identification Number) of Kesar Enterprises is L24116MH1933PLC001996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Kesar Enterprises is a listed company as per MCA records. Its shares are listed on BSE (code: 507180). Its shares were delisted from NSE on 07 Jan 2020 · voluntary delisting.

Kesar Enterprises has 61 court cases on record: 32 filed by the company and 29 filed against it. 15 are pending. Most are in the district courts.

Kesar Enterprises was incorporated on 01 August 1933, making it 93+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Kesar Enterprises by revenue are Oasis Overseas Exports Private Limited, Gayatri Sugars Limited, K.C.P.Sugar and Industries Corporation Limited, Anamika Sugar Mills Private Limited, Highland Alcho Beverages Private Limited and 2 more, all in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products).

Rishabh Shah Pankaj ceased to be Director on 28 Feb 2025. Anilkumar Sushilkumar Ruia ceased to be Director on 05 Sep 2022. Devendra Jitendra Shah was appointed as Director on 12 Aug 2022. Kesar Enterprises has 31 board changes on record in total.

Kesar Enterprises has 16 MSME Form 1 returns on record between 2015 and 2024, listing 1,070 overdue payments to 19 micro and small suppliers. The latest return was filed on 30 Apr 2024.