Stock Price Movement and Market Context
The stock of Kesar Enterprises Ltd (Stock ID: 709903) recorded a new 52-week low at Rs.4.98 on 22 Jan 2026, continuing a downward trajectory that has seen the share price fall by 56.00% over the past year. This decline starkly contrasts with the broader market, where the Sensex has delivered a positive return of 7.60% over the same period. Despite the Sensex opening higher at 82,459.66 points with a gain of 0.67%, Kesar Enterprises underperformed its sector by 0.26% today.
The stock has experienced a trend reversal today, gaining after three consecutive days of decline, yet it remains trading below all key moving averages — the 5-day, 20-day, 50-day, 100-day, and 200-day averages — signalling persistent weakness in price momentum.
Financial Performance and Fundamental Assessment
Kesar Enterprises’ financial metrics reveal ongoing difficulties. The company has reported negative results for five consecutive quarters, with net sales in the latest quarter at Rs.13.66 crores, reflecting a steep fall of 80.8% compared to the average of the previous four quarters. Operating cash flow for the year stands at a low of Rs.-5.26 crores, while profit before tax excluding other income (PBT less OI) for the quarter is at Rs.-19.69 crores, down 7.4% relative to the prior four-quarter average.
The company’s debt servicing capacity remains constrained, with a high Debt to EBITDA ratio of 4.82 times, indicating elevated leverage and financial risk. The negative EBITDA further compounds concerns about the company’s ability to generate sustainable earnings from its operations.
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Long-Term and Recent Performance Trends
Over the last three years, Kesar Enterprises has consistently underperformed the BSE500 index, reflecting challenges in both long-term and near-term performance. The stock’s 56.00% decline in the past year is accompanied by a dramatic 188.7% fall in profits, underscoring the severity of its financial deterioration.
The company’s market capitalisation grade stands at 4, indicating a relatively modest market cap within its sector. The Mojo Score of 1.0 and a recent downgrade from Sell to Strong Sell on 7 Oct 2025 reflect the deteriorating outlook based on fundamental and technical factors.
Sector and Market Environment
Kesar Enterprises operates within the sugar industry, a sector that has faced volatility due to fluctuating commodity prices and regulatory factors. While the broader market has shown resilience, with the BSE Mid Cap index gaining 1.02% today, Kesar’s stock has not mirrored this positive momentum.
The Sensex, despite a three-week consecutive fall losing 4.12%, remains only 4.78% below its 52-week high of 86,159.02 points. This divergence highlights the stock-specific challenges faced by Kesar Enterprises amid a generally stable market backdrop.
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Shareholding and Corporate Structure
The majority shareholding in Kesar Enterprises Ltd remains with the promoters, indicating concentrated ownership. This structure can influence strategic decisions and capital allocation, particularly in challenging financial periods.
Despite the stock’s recent gains after a short-term decline, the prevailing trend and fundamental indicators suggest continued caution in assessing the company’s market position.
Summary of Key Metrics
To summarise, Kesar Enterprises Ltd’s stock has reached a new 52-week low of Rs.4.98, reflecting a significant decline from its 52-week high of Rs.14.87. The company’s financial results show sustained negative earnings and cash flow pressures, with a high debt burden and weak profitability metrics. The stock’s Mojo Grade of Strong Sell and a low Mojo Score of 1.0 further highlight the challenges faced by the company in the current market environment.
The broader market context, including the Sensex’s relative strength and mid-cap gains, contrasts with Kesar’s underperformance, emphasising the stock-specific nature of its decline.
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