Kesoram Industries reports consolidated net loss of Rs 62.02 crore in the June 2024 quarter

Upcoming results : Kesoram Industries, Tata Elxsi.

Stock Alert: JSW Steel, Delta Corp, Rail Vikas Nigam, Adani Power, Shilpa Medicare

Kesoram Industries, a B K Birla group firm, reaffirms commitment to loss-making subsidiary Cygnet Industries Ltd, with plans to engage Futamura as strategic investor post cement business demerger. AGM attended by shareholders and schoolgirls, missing Manjushree Khaitan, chaired by Satish Narain Jajoo. CFO reveals fund infusion of Rs 45-60 crore needed for Cygnet to boost turnover to Rs 1,000 crore, focusing on innovative packaging products like biodegradable cellulose transparent paper.

Kesoram committed to Cygnet after cement demerger, aims turnaround with Japanese Futamura

The last rites of Khaitan took place later in the evening in the presence of Birla family members, including nephew Kumar Mangalam Birla

Kesoram Industries Chairperson Manjushree Khaitan Dies At 69 - News18

Despite higher sales, Kesoram Industries Ltd reports a widened consolidated net loss of Rs 244.42 crore for the quarter ended March 2024, with the net loss in 2023-24 nearly doubling to Rs 384 crore compared to the previous year.

Kesoram Q4 Results: Net Loss Widens To Rs 244 Crore

The deal will assist Kesoram in deleveraging its balance sheet, including reductions in debt and outflows of interest.

UltraTech To Buy Kesoram Industries’ Cement Business For Over Rs 5,300 Crore

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Key Stocks In Focus: Kesoram Industries, Fortis Healthcare, MapMyIndia, Sterlite Tech, Syrma SGS

Kesoram Industries Ltd, owned by the BK Birla group in Kolkata, recorded a record sales volume of 3.73 million tonnes in FY24, up from 3.19 million tonnes in FY23. The company also saw a reduction in its stand-alone losses for the second quarter ending in September 2023 to ₹34.71 crore, and a rise i…

Kesoram Industries Ltd records increase in sales volume for the half year FY24

Inside Out: On The Road | Cement, Rayon & Tyre manufacturer Kesoram Industries is on the radar in our In The Swotlight segment. Nigel D' Souza with all you need to know about the company.

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In The Swotlight | Kesoram Industries: Key Triggers - Debt Refinancing & FY24 Guidance | CNBC TV18

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Kesoram Industries Ltd is planning to infuse fresh capital of Rs 60 crore for the turnaround of Cygnet Industries Ltd, its wholly owned subsidiary, to transform it into a leading global supplier of cellulose transparent paper, a senior company official said on Thursday.

Kesoram plans to infuse fresh capital of Rs 60 crore for Cygnet turnaround

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kesoram Industries Limited is a multi-product and multi-location company. The Company’s core businesses include cement, tyre and rayon.

Kesoram Industries Ltd