This Small-cap Real Estate Development Company Acquires Land in Nagpur and a 51 per cent stake in Kesar Maitreya Realities, Expanding Its Real Estate Portfolio
With a market capitalisation of Rs 1,455 crore and a PE ratio of 74.3x, the company trades at a premium compared to the industry PE of 28.4x.Â
Kesar India Ltd has acquired land admeasuring approximately 7,500 sq. mt. (80,730 sq. ft.) located in Survey/Khasra No. 90/1/1, situated in Mouza - Khairi, Tehsil - Kamptee, District – Nagpur on March 03, 2025.
Earlier, Nagpur-based real estate company Kesar India Limited announced the acquisition of a 51 per cent stake in Kesar Maitreya Realities, a newly incorporated partnership firm. Kesar Maitreya Realities, incorporated on February 21, 2025, has a total capital of Rs 50,000. The firm has not yet commenced business operations. As per the disclosure, the acquisition aims to diversify Kesar India Limited’s business portfolio in construction and real estate activities, including developing layouts, constructing row houses, villas, and bungalows, and selling prepared plots.
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The acquisition does not fall under the category of a related-party transaction, and there is no involvement of the company’s promoters or promoter group. The initial subscription money for the 51 per cent stake will be infused in cash, amounting to a capital contribution of Rs 25,500.
Kesar India Limited, formerly known as Kesar India Private Limited and Kesar Impex (India) Private Limited, has its registered office at Saraf Chambers, Nagpur. The company has been actively expanding its presence in the real estate sector. The acquisition of Kesar Maitreya Realities aligns with its strategic goal of growth in the construction and real estate development segment.
Kesar India is trading at Rs 599.9 per share, marking a gain of 3.46 per cent from its previous close of Rs 579.85. The stock touched an intraday high of Rs 599.9, with a traded volume of 2,600 shares. Despite the price increase, the stock remains significantly below its 52-week high of Rs 1,143.25. The company's market capitalization stands at Rs 1,482.52 crore. Over the past year, the stock has delivered returns of 7.44 per cent.
With a market capitalisation of Rs 1,455 crore and a PE ratio of 74.3x, the company trades at a premium compared to the industry PE of 28.4x. The company has ROCE of 39.3 per cent and ROE of 41.6 per cent.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.