Kesoram Industries
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April 17 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES LTD - INCOME TAX DEMAND REDUCED FROM 705.4 MILLION RUPEES TO 60.3 MILLION RUPEES
Source text: ID:nBSEm8dMS
Further company coverage: KSRM.NS
(([email protected];))
April 17 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES LTD - INCOME TAX DEMAND REDUCED FROM 705.4 MILLION RUPEES TO 60.3 MILLION RUPEES
Source text: ID:nBSEm8dMS
Further company coverage: KSRM.NS
(([email protected];))
Rewrites with management commentary from analyst call, more background
By Hritam Mukherjee
April 28 (Reuters) - UltraTech Cement ULTC.NS reported fourth-quarter profit below market expectations on Monday and said soaring summer temperatures are hitting construction activity in India and curbing cement demand.
The company's finance chief Atul Daga said in an analyst call he sees challenging demand span April and May - the months of peak summer in India. Earlier in the day, India's biggest cement maker by capacity had mentioned "short-term challenges" in a statement, without elaborating.
Shares of UltraTech closed 1% lower, after its consolidated net profit was below estimates at 24.82 billion rupees ($292 million) for the January-March period.
Revenue, which took a marginal lift from the company's Kesoram KSRM.NS deal, was 230.63 billion rupees, in line with analyst expectations.
Cement companies usually push to achieve more volume and meet fiscal year-end targets in the fourth quarter, when favourable weather conditions drive up construction activity.
Although cement prices are recovering, they were on average still about 2% down from a year earlier in the fourth quarter, data from Ambit Capital showed. Daga said April prices "have seen improvement" compared to the end of March.
UltraTech's volume jumped 17% year-on-year, within the 14%-21% range estimated by at least three brokerages who were rated the highest on LSEG for their earnings accuracy.
The sector has so far furnished a mixed bag of earnings, with higher expenses weighing on ACC's ACC.NS profit, while cost controls helped Dalmia Bharat DALB.NS offset a hit from soft prices and lower volume.
UltraTech had also announced in February it would spend 18 billion rupees on its foray into India's wires and cables sector, a move which drew analyst skepticism over its capital allocation.
($1 = 84.9870 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips, Varun H K and Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
Rewrites with management commentary from analyst call, more background
By Hritam Mukherjee
April 28 (Reuters) - UltraTech Cement ULTC.NS reported fourth-quarter profit below market expectations on Monday and said soaring summer temperatures are hitting construction activity in India and curbing cement demand.
The company's finance chief Atul Daga said in an analyst call he sees challenging demand span April and May - the months of peak summer in India. Earlier in the day, India's biggest cement maker by capacity had mentioned "short-term challenges" in a statement, without elaborating.
Shares of UltraTech closed 1% lower, after its consolidated net profit was below estimates at 24.82 billion rupees ($292 million) for the January-March period.
Revenue, which took a marginal lift from the company's Kesoram KSRM.NS deal, was 230.63 billion rupees, in line with analyst expectations.
Cement companies usually push to achieve more volume and meet fiscal year-end targets in the fourth quarter, when favourable weather conditions drive up construction activity.
Although cement prices are recovering, they were on average still about 2% down from a year earlier in the fourth quarter, data from Ambit Capital showed. Daga said April prices "have seen improvement" compared to the end of March.
UltraTech's volume jumped 17% year-on-year, within the 14%-21% range estimated by at least three brokerages who were rated the highest on LSEG for their earnings accuracy.
The sector has so far furnished a mixed bag of earnings, with higher expenses weighing on ACC's ACC.NS profit, while cost controls helped Dalmia Bharat DALB.NS offset a hit from soft prices and lower volume.
UltraTech had also announced in February it would spend 18 billion rupees on its foray into India's wires and cables sector, a move which drew analyst skepticism over its capital allocation.
($1 = 84.9870 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips, Varun H K and Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
July 10 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES JUNE-QUARTER CONSOL NET LOSS AFTER TAX 620.2 MILLION RUPEES
KESORAM INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.79 BILLION RUPEES
Source text for Eikon: ID:nNSE8wC213
Further company coverage: KSRM.NS
(([email protected];))
July 10 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES JUNE-QUARTER CONSOL NET LOSS AFTER TAX 620.2 MILLION RUPEES
KESORAM INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.79 BILLION RUPEES
Source text for Eikon: ID:nNSE8wC213
Further company coverage: KSRM.NS
(([email protected];))
Updates with background on India's cement industry and on Adani group; adds details from NDTV report
By Hritam Mukherjee
BENGALURU, June 27 (Reuters) - UltraTech Cement ULTC.NS said it is buying a stake worth up to $228 million in rival India Cements ICMN.NS, intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker.
India's cement market, expected to roughly double to $49.24 billion by 2029 from 2022 levels, was long dominated by billionaire Kumar Mangalam Birla's company until Gautam Adani entered the sector in 2022 and quickly rose through the ranks to become the second biggest player.
The deal for a 23% stake, which UltraTech said is a non-controlling financial investment, comes as cement makers stand to benefit from Narendra Modi's return to power and an expected infrastructure spending spurt in Asia's No. 3 economy.
The investment in Chennai-based India Cements will help UltraTech guard its turf in the country's southern markets, at a time when Adani firms are attempting to boost their hold in the region.
Between November and June, UltraTech and Adani's Ambuja ABUJ.NS have added heft to their own southern holds by signing deals with Kesoram Industries and Penna Cement Industries respectively.
As of end-March, UltraTech had an 11% market share in the region, with the Adani group having a 6% share, an industry estimate showed.
"It is becoming clearer that larger incumbents are vying for a slice of the pie in South India," said Choice Broking's Ashutosh Murarka.
The Adani group was known for its aggressive expansion strategies across sectors, including deals at NDTV, Ambuja and ACC, before falling prey to a damning report from a U.S. short seller early last year.
The group has subsequently bounced back and has also resumed making acquisitions.
Broadcaster NDTV reported that UltraTech is buying the stake mainly from investor Radhakishan Damani and his associated entities, who together hold a 20.78% stake in India Cements.
UltraTech and Damani, who is also the founder of India's top retail chain DMart AVEU.NS, did not immediately respond to Reuters' requests for comments.
India Cements' shares jumped 14% on Thursday after the news, while UltraTech's shares rose nearly 7% to hit a record high.
($1 = 83.5050 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza and Muralikumar Anantharaman)
(([email protected]; X: @MukherjeeHritam;))
Updates with background on India's cement industry and on Adani group; adds details from NDTV report
By Hritam Mukherjee
BENGALURU, June 27 (Reuters) - UltraTech Cement ULTC.NS said it is buying a stake worth up to $228 million in rival India Cements ICMN.NS, intensifying a battle with the Adani group which is challenging its position as the South Asian nation's top cement maker.
India's cement market, expected to roughly double to $49.24 billion by 2029 from 2022 levels, was long dominated by billionaire Kumar Mangalam Birla's company until Gautam Adani entered the sector in 2022 and quickly rose through the ranks to become the second biggest player.
The deal for a 23% stake, which UltraTech said is a non-controlling financial investment, comes as cement makers stand to benefit from Narendra Modi's return to power and an expected infrastructure spending spurt in Asia's No. 3 economy.
The investment in Chennai-based India Cements will help UltraTech guard its turf in the country's southern markets, at a time when Adani firms are attempting to boost their hold in the region.
Between November and June, UltraTech and Adani's Ambuja ABUJ.NS have added heft to their own southern holds by signing deals with Kesoram Industries and Penna Cement Industries respectively.
As of end-March, UltraTech had an 11% market share in the region, with the Adani group having a 6% share, an industry estimate showed.
"It is becoming clearer that larger incumbents are vying for a slice of the pie in South India," said Choice Broking's Ashutosh Murarka.
The Adani group was known for its aggressive expansion strategies across sectors, including deals at NDTV, Ambuja and ACC, before falling prey to a damning report from a U.S. short seller early last year.
The group has subsequently bounced back and has also resumed making acquisitions.
Broadcaster NDTV reported that UltraTech is buying the stake mainly from investor Radhakishan Damani and his associated entities, who together hold a 20.78% stake in India Cements.
UltraTech and Damani, who is also the founder of India's top retail chain DMart AVEU.NS, did not immediately respond to Reuters' requests for comments.
India Cements' shares jumped 14% on Thursday after the news, while UltraTech's shares rose nearly 7% to hit a record high.
($1 = 83.5050 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza and Muralikumar Anantharaman)
(([email protected]; X: @MukherjeeHritam;))
Adds details, background, analyst quote in paragraph 4
By Hritam Mukherjee
BENGALURU, June 13 (Reuters) - Adani-backed Ambuja Cements ABUJ.NS bought out smaller rival Penna Cement Industries PENC.NS on Thursday for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region.
The deal comes nearly a year after the conglomerate, through Ambuja, bought a majority stake in debt-ridden Sanghi Industries SNGI.NS, to boost its cement presence in the country and compete with market leader UltraTech Cement ULTC.NS.
Ambuja said the buyout of Penna Cement will help improve Adani's share in India's southern cement market by roughly 8%, with the deal coming a few months after UltraTech bolstered its own hold in the region by buying Kesoram's KSRM.NS cement assets.
"The acquisition of Penna is very favourable for Ambuja, as Adani's plants in the southern region were unmatched to UltraTech before. This region is key to Adani to boost its pan-India market share and narrow the lead UltraTech has across the country," said Ashutosh Murarka, research analyst at Choice Broking.
Indian cement makers are looking for ways, including dealmaking, to ramp up production and meet demand for the construction material amid upbeat housing momentum and strong government spending on infrastructure.
Adani Group, the ports-to-power conglomerate, had said in December it plans to spend $84 billion over the next decade towards infrastructure projects.
Ambuja will fund the buyout of Penna through internal accruals. The deal will give Ambuja access to Penna's operational facilities in Andhra Pradesh and Telangana, and under-construction facilities in Rajasthan.
Penna's cement assets, which total to 14 million tons per annum (MTPA), will help the conglomerate beef up its capacity as it aims to reach 140 MTPA by 2028. The latter's capacity, as of March-end, stood at 79 MTPA.
($1 = 83.5406 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala, Varun H K and Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
Adds details, background, analyst quote in paragraph 4
By Hritam Mukherjee
BENGALURU, June 13 (Reuters) - Adani-backed Ambuja Cements ABUJ.NS bought out smaller rival Penna Cement Industries PENC.NS on Thursday for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region.
The deal comes nearly a year after the conglomerate, through Ambuja, bought a majority stake in debt-ridden Sanghi Industries SNGI.NS, to boost its cement presence in the country and compete with market leader UltraTech Cement ULTC.NS.
Ambuja said the buyout of Penna Cement will help improve Adani's share in India's southern cement market by roughly 8%, with the deal coming a few months after UltraTech bolstered its own hold in the region by buying Kesoram's KSRM.NS cement assets.
"The acquisition of Penna is very favourable for Ambuja, as Adani's plants in the southern region were unmatched to UltraTech before. This region is key to Adani to boost its pan-India market share and narrow the lead UltraTech has across the country," said Ashutosh Murarka, research analyst at Choice Broking.
Indian cement makers are looking for ways, including dealmaking, to ramp up production and meet demand for the construction material amid upbeat housing momentum and strong government spending on infrastructure.
Adani Group, the ports-to-power conglomerate, had said in December it plans to spend $84 billion over the next decade towards infrastructure projects.
Ambuja will fund the buyout of Penna through internal accruals. The deal will give Ambuja access to Penna's operational facilities in Andhra Pradesh and Telangana, and under-construction facilities in Rajasthan.
Penna's cement assets, which total to 14 million tons per annum (MTPA), will help the conglomerate beef up its capacity as it aims to reach 140 MTPA by 2028. The latter's capacity, as of March-end, stood at 79 MTPA.
($1 = 83.5406 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala, Varun H K and Krishna Chandra Eluri)
(([email protected]; X: @MukherjeeHritam;))
April 22 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES LTD MARCH-QUARTER CONSOL NET LOSS AFTER TAX 2.44 BILLION RUPEES VERSUS LOSS 261.3 MILLION RUPEES
KESORAM INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.74 BILLION RUPEES VERSUS 10.55 BILLION RUPEES
Source text for Eikon: ID:nBSE5xmY3w
Further company coverage: KSRM.NS
(([email protected];))
April 22 (Reuters) - Kesoram Industries Ltd KSRM.NS:
KESORAM INDUSTRIES LTD MARCH-QUARTER CONSOL NET LOSS AFTER TAX 2.44 BILLION RUPEES VERSUS LOSS 261.3 MILLION RUPEES
KESORAM INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.74 BILLION RUPEES VERSUS 10.55 BILLION RUPEES
Source text for Eikon: ID:nBSE5xmY3w
Further company coverage: KSRM.NS
(([email protected];))
Adds details, background from paragraph 2
BENGALURU, April 2 (Reuters) - India's Ultratech Cement ULTC.NS said on Tuesday it would set aside 324 billion rupees ($3.89 billion) for ongoing capital expenditure over the next three years.
The move follows increased deal-making in India's cement industry since nearest rival Adani Group bought ACC ACC.NS and Ambuja Cements
Ultratech also revealed on Tuesday the commissioning of two new cement units, bringing its total capacity to 151.6 metric tonnes per annum (MTPA), compared to the Adani Group's 76.1 mtpa as of end-2023.
The company, part of the Aditya Birla Group, also said it was in the process of closing its $645 million acquisition of Kesoram Cement KSRM.NS.
($1 = 83.3460 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Anil D'Silva and Ravi Prakash Kumar)
(([email protected]; Mobile: +91 9591011727;))
Adds details, background from paragraph 2
BENGALURU, April 2 (Reuters) - India's Ultratech Cement ULTC.NS said on Tuesday it would set aside 324 billion rupees ($3.89 billion) for ongoing capital expenditure over the next three years.
The move follows increased deal-making in India's cement industry since nearest rival Adani Group bought ACC ACC.NS and Ambuja Cements
Ultratech also revealed on Tuesday the commissioning of two new cement units, bringing its total capacity to 151.6 metric tonnes per annum (MTPA), compared to the Adani Group's 76.1 mtpa as of end-2023.
The company, part of the Aditya Birla Group, also said it was in the process of closing its $645 million acquisition of Kesoram Cement KSRM.NS.
($1 = 83.3460 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Anil D'Silva and Ravi Prakash Kumar)
(([email protected]; Mobile: +91 9591011727;))
March 28 (Reuters) - Kesoram Industries Ltd KSRM.NS:
APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES UPTO 3.20 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Further company coverage: KSRM.NS
(([email protected];))
March 28 (Reuters) - Kesoram Industries Ltd KSRM.NS:
APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES UPTO 3.20 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Further company coverage: KSRM.NS
(([email protected];))
March 19 (Reuters) - Kesoram Industries Ltd KSRM.NS:
CCI APPROVES ACQUISITION OF KESORAM CEMENT BUSINESS FROM KESORAM INDUSTRIES BY ULTRATECH CEMENT
Source text for Eikon: [ID:]
Further company coverage: KSRM.NS
(([email protected];))
March 19 (Reuters) - Kesoram Industries Ltd KSRM.NS:
CCI APPROVES ACQUISITION OF KESORAM CEMENT BUSINESS FROM KESORAM INDUSTRIES BY ULTRATECH CEMENT
Source text for Eikon: [ID:]
Further company coverage: KSRM.NS
(([email protected];))
Feb 29 (Reuters) - Kesoram Industries Ltd KSRM.NS:
ENTERED INTO FACILITY AGREEMENT TO AVAIL FINANCIAL ASSISTANCE FROM TATA CAPITAL, TATA CAPITAL HOUSING FINANCE, HERO FINCORP
ENTERED INTO FACILITY AGREEMENT FOR 18.5 BILLION RUPEES
Source text for Eikon: ID:nBSE9zGY0B
Further company coverage: KSRM.NS
(([email protected];))
Feb 29 (Reuters) - Kesoram Industries Ltd KSRM.NS:
ENTERED INTO FACILITY AGREEMENT TO AVAIL FINANCIAL ASSISTANCE FROM TATA CAPITAL, TATA CAPITAL HOUSING FINANCE, HERO FINCORP
ENTERED INTO FACILITY AGREEMENT FOR 18.5 BILLION RUPEES
Source text for Eikon: ID:nBSE9zGY0B
Further company coverage: KSRM.NS
(([email protected];))
Jan 15 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES LTD DEC-QUARTER CONSOL NET LOSS AFTER TAX 488.6 MILLION RUPEES VERSUS LOSS 479.8 MILLION RUPEES
KESORAM INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.61 BILLION RUPEES VERSUS 9.86 BILLION RUPEES
Source text for Eikon: ID:nNSE4fnCrC
Further company coverage: KSRM.NS
(([email protected];))
Jan 15 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES LTD DEC-QUARTER CONSOL NET LOSS AFTER TAX 488.6 MILLION RUPEES VERSUS LOSS 479.8 MILLION RUPEES
KESORAM INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.61 BILLION RUPEES VERSUS 9.86 BILLION RUPEES
Source text for Eikon: ID:nNSE4fnCrC
Further company coverage: KSRM.NS
(([email protected];))
** India's UltraTech Cement ULTC.NS on Thursday said it will buy Kesoram Industries' KSRM.NS cement business in a deal worth over $645 mln
** ULTC to get ownership of Kesoram's two cement units in Karnataka and Telangana with total capacity of 10.75 million tons per annum
DEAL TO STRENGTHEN ULTRATECH'S TOP INDUSTRY POSITION
** Morgan Stanley ("overweight"; PT 9,300 rupees) says deal should help co drive economies of scale and reduce risk of excess organic supply over medium term in industry
** Emkay Global ("add"; PT 9,550 rupees) says deal will solidify co's presence in south, where its hold is lowest at 11%;
** ULTC's market share to improve by 350-400 bps post acquisitions, capacity additions - Emkay
** Jefferies ("buy"; PT 9,700 rupees) says deal likely to strengthen ULTC's number one position in cement industry, but flags valuation appears to be "tad on the higher side" vs deals in the recent past
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** India's UltraTech Cement ULTC.NS on Thursday said it will buy Kesoram Industries' KSRM.NS cement business in a deal worth over $645 mln
** ULTC to get ownership of Kesoram's two cement units in Karnataka and Telangana with total capacity of 10.75 million tons per annum
DEAL TO STRENGTHEN ULTRATECH'S TOP INDUSTRY POSITION
** Morgan Stanley ("overweight"; PT 9,300 rupees) says deal should help co drive economies of scale and reduce risk of excess organic supply over medium term in industry
** Emkay Global ("add"; PT 9,550 rupees) says deal will solidify co's presence in south, where its hold is lowest at 11%;
** ULTC's market share to improve by 350-400 bps post acquisitions, capacity additions - Emkay
** Jefferies ("buy"; PT 9,700 rupees) says deal likely to strengthen ULTC's number one position in cement industry, but flags valuation appears to be "tad on the higher side" vs deals in the recent past
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Nov 30 (Reuters) - UltraTech Cement Ltd ULTC.NS:
DEMERGER OF CEMENT BUSINESS OF KESORAM INDUSTRIES LIMITED INTO ULTRATECH CEMENT
ULTRATECH WILL ISSUE 1 EQUITY SHARE EACH FOR EVERY 52 EQUITY SHARES OF KESORAM
FOR PURPOSE OF TRANSACTION 59,74,301 NEW SHARES OF CO WILL BE ISSUED TO SHAREHOLDERS OF KESORAM
TRANSACTION IS EXPECTED TO BE CONSUMMATED WITHIN 9- 12 MONTHS
PROPOSED TRANSACTION WILL ACCELERATE CO'S PATH TO GOAL OF 200 MTPA CEMENT CAPACITY IN INDIA
Source text for Eikon: ID:nBSE2Nqrlw
Further company coverage: ULTC.NS
(([email protected];;))
Nov 30 (Reuters) - UltraTech Cement Ltd ULTC.NS:
DEMERGER OF CEMENT BUSINESS OF KESORAM INDUSTRIES LIMITED INTO ULTRATECH CEMENT
ULTRATECH WILL ISSUE 1 EQUITY SHARE EACH FOR EVERY 52 EQUITY SHARES OF KESORAM
FOR PURPOSE OF TRANSACTION 59,74,301 NEW SHARES OF CO WILL BE ISSUED TO SHAREHOLDERS OF KESORAM
TRANSACTION IS EXPECTED TO BE CONSUMMATED WITHIN 9- 12 MONTHS
PROPOSED TRANSACTION WILL ACCELERATE CO'S PATH TO GOAL OF 200 MTPA CEMENT CAPACITY IN INDIA
Source text for Eikon: ID:nBSE2Nqrlw
Further company coverage: ULTC.NS
(([email protected];;))
** Shares of cement and clinker maker Kesoram Industries KSRM.NS locked in upper circuit after rising as much as 4.98% to 132.85 rupees
** Stock hits highest level since Jan. 16, 2018
** Over 5.5 mln shares change hands in seven blocks at a price range of 130.10-132.85 rupees apiece
** A CNBC-TV18 report on Nov. 23 said UltraTech Cement ULTC.NS is conducting due diligence at KSRM, exploring buying out major shareholder's stake or its cement business
** Stock has hit the upper circuit thrice since then, gaining 12.6%
** Shares witnessing their most active trading session since June. 23, 2021 on Wednesday
** Stock up ~122% YTD
(Reporting by Ashish Chandra)
(([email protected] (+91 7982114624))
** Shares of cement and clinker maker Kesoram Industries KSRM.NS locked in upper circuit after rising as much as 4.98% to 132.85 rupees
** Stock hits highest level since Jan. 16, 2018
** Over 5.5 mln shares change hands in seven blocks at a price range of 130.10-132.85 rupees apiece
** A CNBC-TV18 report on Nov. 23 said UltraTech Cement ULTC.NS is conducting due diligence at KSRM, exploring buying out major shareholder's stake or its cement business
** Stock has hit the upper circuit thrice since then, gaining 12.6%
** Shares witnessing their most active trading session since June. 23, 2021 on Wednesday
** Stock up ~122% YTD
(Reporting by Ashish Chandra)
(([email protected] (+91 7982114624))
Nov 27 (Reuters) - Kesoram Industries Ltd KSRM.NS:
TO CONSIDER WITHDRAWAL OF CO'S PROPOSED SCHEME OF ARRANGEMENT WITH CYGNET INDUSTRIES
Source text for Eikon: ID:nBSE7XfXyZ
Further company coverage: KSRM.NS
(([email protected];))
Nov 27 (Reuters) - Kesoram Industries Ltd KSRM.NS:
TO CONSIDER WITHDRAWAL OF CO'S PROPOSED SCHEME OF ARRANGEMENT WITH CYGNET INDUSTRIES
Source text for Eikon: ID:nBSE7XfXyZ
Further company coverage: KSRM.NS
(([email protected];))
Nov 23 (Reuters) - Kesoram Industries Ltd KSRM.NS:
ULTRATECH CEMENT CONDUCTING DUE DILIGENCE ON KESORAM INDUSTRIES' CEMENT ASSETS - CNBC-TV18
ULTRATECH CEMENT EXPLORING EXISTING PROMOTER BUYOUT OR CEMENT BUSINESS ACQUISITION OF KESORAM - CNBC-TV18
Source text for Eikon: [ID:]
Further company coverage: KSRM.NS
(([email protected];))
Nov 23 (Reuters) - Kesoram Industries Ltd KSRM.NS:
ULTRATECH CEMENT CONDUCTING DUE DILIGENCE ON KESORAM INDUSTRIES' CEMENT ASSETS - CNBC-TV18
ULTRATECH CEMENT EXPLORING EXISTING PROMOTER BUYOUT OR CEMENT BUSINESS ACQUISITION OF KESORAM - CNBC-TV18
Source text for Eikon: [ID:]
Further company coverage: KSRM.NS
(([email protected];))
Oct 12 (Reuters) - Kesoram Industries Ltd KSRM.NS:
SEPT-QUARTER CONSOL NET LOSS AFTER TAX 583.7 MILLION RUPEES VERSUS 590.5 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.54 BILLION RUPEES VERSUS 8.45 BILLION RUPEES
Further company coverage: KSRM.NS
(([email protected];))
Oct 12 (Reuters) - Kesoram Industries Ltd KSRM.NS:
SEPT-QUARTER CONSOL NET LOSS AFTER TAX 583.7 MILLION RUPEES VERSUS 590.5 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.54 BILLION RUPEES VERSUS 8.45 BILLION RUPEES
Further company coverage: KSRM.NS
(([email protected];))
** Shares of Kesoram Industries KSRM.NS rise as much as 3.06% to 72.45 rupees
** The clinker and cement maker reports narrowing of loss in June quarter to 324.4 mln rupees from 612.5 mln rupees year-on-year
** Revenue from operations up 12% Y/Y to 9.99 bln rupees; core profit triples to 1.04 bln rupees from 304.8 mln rupees Y/Y
** Trading volume is 4.33 mln shares as of 1:08 p.m. IST, 2.6x the 30-day avg - Refinitiv data
** Stock up 20% compared to 8% rise for Nifty 50 .NSEI in 2023 so far
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected] ; +91 9769003463))
** Shares of Kesoram Industries KSRM.NS rise as much as 3.06% to 72.45 rupees
** The clinker and cement maker reports narrowing of loss in June quarter to 324.4 mln rupees from 612.5 mln rupees year-on-year
** Revenue from operations up 12% Y/Y to 9.99 bln rupees; core profit triples to 1.04 bln rupees from 304.8 mln rupees Y/Y
** Trading volume is 4.33 mln shares as of 1:08 p.m. IST, 2.6x the 30-day avg - Refinitiv data
** Stock up 20% compared to 8% rise for Nifty 50 .NSEI in 2023 so far
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected] ; +91 9769003463))
July 14 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES JUNE-QUARTER CONSOL NET LOSS AFTER TAX 324.4 MILLION RUPEES VERSUS LOSS 612.5 MILLION RUPEES
KESORAM INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.99 BILLION RUPEES VERSUS 8.91 BILLION RUPEES
Source text for Eikon: ID:nBSE4tJt1z
Further company coverage: KSRM.NS
(([email protected];;))
July 14 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES JUNE-QUARTER CONSOL NET LOSS AFTER TAX 324.4 MILLION RUPEES VERSUS LOSS 612.5 MILLION RUPEES
KESORAM INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.99 BILLION RUPEES VERSUS 8.91 BILLION RUPEES
Source text for Eikon: ID:nBSE4tJt1z
Further company coverage: KSRM.NS
(([email protected];;))
April 28 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES MARCH-QUARTER CONSOL NET LOSS AFTER TAX 261.3 MILLION RUPEES VERSUS LOSS 461.4 MILLION RUPEES YEAR AGO
KESORAM INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.55 BILLION RUPEES VERSUS 10.32 BILLION RUPEES YEAR AGO
Source text for Eikon: ID:nBSE5fQvLv
Further company coverage: KSRM.NS
(([email protected];))
April 28 (Reuters) - Kesoram Industries Ltd KSRM.NS:
INDIA'S KESORAM INDUSTRIES MARCH-QUARTER CONSOL NET LOSS AFTER TAX 261.3 MILLION RUPEES VERSUS LOSS 461.4 MILLION RUPEES YEAR AGO
KESORAM INDUSTRIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.55 BILLION RUPEES VERSUS 10.32 BILLION RUPEES YEAR AGO
Source text for Eikon: ID:nBSE5fQvLv
Further company coverage: KSRM.NS
(([email protected];))
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Popular questions
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What does Kesoram Industries do?
Kesoram Industries Ltd, a cement manufacturing company known for 'Birla Shakti' brand approved for government projects, is focusing on refining its brand in niche markets.
Who are the competitors of Kesoram Industries?
Kesoram Industries major competitors are Anjani Portland Cem., Andhra Cements, Shiva Cement, Saurashtra Cement, Kakatiya Cemen Sugar, BIL Vyapa, Deccan Cements. Market Cap of Kesoram Industries is ₹367 Crs. While the median market cap of its peers are ₹497 Crs.
Is Kesoram Industries financially stable compared to its competitors?
Kesoram Industries seems to be less financially stable compared to its competitors. Altman Z score of Kesoram Industries is 0.64 and is ranked 5 out of its 8 competitors.
Does Kesoram Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kesoram Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Kesoram Industries allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Kesoram Industries balance sheet?
Kesoram Industries balance sheet is weak and might have solvency issues
Is the profitablity of Kesoram Industries improving?
The profit is oscillating. The profit of Kesoram Industries is ₹5,565 Crs for Mar 2025, -₹381.38 Crs for Mar 2024 and -₹194.27 Crs for Mar 2023
Is the debt of Kesoram Industries increasing or decreasing?
Yes, The net debt of Kesoram Industries is increasing. Latest net debt of Kesoram Industries is ₹205 Crs as of Mar-26. This is greater than Mar-25 when it was ₹170 Crs.
Is Kesoram Industries stock expensive?
Kesoram Industries is not expensive. Latest PE of Kesoram Industries is 0, while 3 year average PE is 1.23. Also latest EV/EBITDA of Kesoram Industries is 0.0 while 3yr average is 13.26.
Has the share price of Kesoram Industries grown faster than its competition?
Kesoram Industries has given lower returns compared to its competitors. Kesoram Industries has grown at ~-20.86% over the last 10yrs while peers have grown at a median rate of -0.46%
Is the promoter bullish about Kesoram Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Kesoram Industries is 43.34% and last quarter promoter holding is 43.34%.
Are mutual funds buying/selling Kesoram Industries?
There is Insufficient data to gauge this.