KSE (BSE 519421)₹180.80+0.33%Animal Feed
In the Mar 2026 quarter (standalone), KSE reported sales of ₹409 Cr, up 4.3% from Mar 2025, and net profit of −₹3.72 Cr, down 110.7% year on year. For the year to Mar 2026, sales were ₹1,680 Cr and net profit ₹83.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 424 | 437 | 406 | 417 | 432 | 414 | 412 | 392 | 416 | 428 | 428 | 409 |
| Expenses | 427 | 438 | 399 | 391 | 407 | 394 | 385 | 347 | 367 | 385 | 407 | 416 |
| Operating Profit | −1.34 | −0.85 | 7.83 | 26.39 | 25.37 | 20.82 | 28.43 | 45.95 | 49.74 | 43.00 | 22.22 | −5.30 |
| OPM % | −0.3% | −0.2% | 1.9% | 6.3% | 5.9% | 5.0% | 6.9% | 11.7% | 11.9% | 10.1% | 5.2% | −1.3% |
| Other Income | 1.32 | 0.95 | −3.95 | 1.57 | 1.15 | 4.13 | 1.61 | 3.64 | 4.53 | 3.62 | 3.72 | 3.39 |
| Interest | 0.54 | 0.76 | 0.99 | 0.58 | 0.56 | 0.61 | 0.61 | 0.65 | 0.66 | 0.66 | 0.66 | 0.66 |
| Depreciation | 1.01 | 1.04 | 1.32 | 1.33 | 1.09 | 1.25 | 1.57 | 1.68 | 1.51 | 2.13 | 2.18 | 2.13 |
| Profit before tax | −1.56 | −1.69 | 1.53 | 25.90 | 24.75 | 23.01 | 27.68 | 46.99 | 51.88 | 43.63 | 22.99 | −4.68 |
| Tax % | −33.7% | −16.5% | 26.0% | 27.2% | 25.9% | 25.7% | 24.4% | 26.2% | 25.9% | 24.9% | 29.1% | −20.2% |
| Exceptional items | 0.00 | 0.00 | −4.01 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −1.04 | −1.41 | 1.14 | 18.92 | 18.36 | 17.10 | 21.03 | 34.74 | 38.50 | 32.88 | 16.33 | −3.72 |
| EPS (Rs) | −0.32 | −0.43 | 0.35 | 5.90 | 5.72 | 5.34 | 6.55 | 10.83 | 12.01 | 10.25 | 5.10 | −1.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 926 | 1,047 | 1,305 | 1,208 | 1,428 | 1,542 | 1,670 | 1,611 | 1,683 | 1,651 | 1,680 | 1,680 |
| Expenses | 912 | 1,020 | 1,199 | 1,198 | 1,405 | 1,407 | 1,663 | 1,617 | 1,655 | 1,532 | 1,575 | 1,575 |
| Operating Profit | 16.05 | 29.06 | 108 | 13.03 | 26.07 | 139 | 11.02 | −3.01 | 32.11 | 120 | 109 | 110 |
| OPM % | 1.8% | 2.8% | 8.0% | 1.1% | 1.9% | 9.0% | 0.7% | −0.2% | 1.9% | 7.0% | 7.0% | 6.5% |
| Other Income | 1.99 | 1.99 | 5.01 | 5.99 | 3.99 | 14.99 | 2.99 | 6.99 | 0.00 | 10.99 | 15.01 | 15.26 |
| Interest | 2.01 | 2.01 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 1.99 | 3.01 | 2.01 | 3.01 | 2.64 |
| Depreciation | 3.99 | 2.99 | 3.99 | 2.99 | 2.99 | 1.99 | 2.99 | 3.99 | 4.99 | 5.99 | 7.99 | 7.95 |
| Profit before tax | 11.97 | 25.94 | 109 | 14.98 | 25.94 | 150 | 8.98 | −2.99 | 23.94 | 123 | 114 | 114 |
| Tax % | 38.0% | 37.0% | 36.1% | 36.1% | 28.0% | 25.0% | 29.1% | −20.0% | 27.1% | 26.0% | 26.0% | — |
| Exceptional items | 1.01 | 0.00 | 0.00 | −1.01 | 0.00 | 5.01 | −2.01 | 1.01 | −3.01 | 3.01 | 0.00 | 0.00 |
| Net Profit | 7.99 | 15.99 | 69.97 | 8.99 | 18.98 | 113 | 6.99 | −1.99 | 17.99 | 90.87 | 83.99 | 83.99 |
| EPS (Rs) | 2.36 | 5.10 | 21.68 | 2.94 | 5.89 | 35.20 | 2.04 | −0.73 | 5.48 | 28.42 | 26.18 | 26.20 |
| Dividend payout % | 84.0% | 59.0% | 28.0% | 50.9% | 33.9% | 28.0% | 97.0% | −269.1% | 55.0% | 28.0% | 48.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.99 | 2.99 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 68.95 | 68.01 | 83.13 | 141 | 127 | 139 | 240 | 220 | 211 | 222 | 294 | 347 |
| Borrowings | 16.95 | 10.97 | 38.98 | 43.97 | 43.03 | 15.00 | 39.99 | 19.00 | 18.98 | 20.97 | 23.99 | 25.03 |
| Other Liabilities | 49.23 | 32.15 | 30.15 | 42.20 | 25.12 | 33.16 | 51.24 | 39.18 | 35.17 | 32.15 | 36.18 | 41.20 |
| Total Liabilities | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 358 | 416 |
| Fixed Assets | 27.04 | 25.04 | 29.02 | 27.05 | 26.05 | 25.04 | 24.01 | 38.03 | 40.07 | 43.04 | 58.04 | 60.05 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 2.01 | 3.01 | 6.02 | 4.01 | 2.01 |
| Investments | 0.00 | 0.00 | 35.08 | 83.20 | 43.16 | 66.20 | 116 | 47.15 | 66.15 | 37.12 | 113 | 151 |
| Other Assets | 111 | 90.08 | 92.16 | 119 | 128 | 99.05 | 193 | 194 | 159 | 192 | 182 | 202 |
| Inventories | 65.72 | 72.70 | 73.67 | 90.62 | 87.63 | 81.71 | 169 | 161 | 122 | 154 | 112 | 143 |
| Trade receivables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 2.01 | 1.01 |
| Cash & equivalents | 38.06 | 10.01 | 11.01 | 21.02 | 26.03 | 2.01 | 8.01 | 17.01 | 13.01 | 13.01 | 51.08 | 40.03 |
| Total Assets | 138 | 116 | 156 | 230 | 197 | 190 | 335 | 281 | 268 | 278 | 358 | 416 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 35.95 | −5.01 | 23.98 | 64.98 | −12.99 | 34.97 | 33.96 | 3.99 | 33.99 | −14.98 | 143 | 53.94 |
| Cash from investing activity | 12.01 | −1.01 | −40.99 | −53.06 | 37.05 | −10.01 | −42.05 | 55.06 | −32.03 | 23.99 | −118 | −9.01 |
| Cash from financing activity | −14.05 | −21.08 | 18.08 | −8.03 | −26.10 | −35.14 | 13.05 | −50.17 | −8.03 | −7.03 | −19.07 | −33.12 |
| Net cash flow | 34.98 | −26.98 | 0.99 | 2.99 | −0.99 | −10.99 | 5.99 | 7.99 | −5.99 | 1.99 | 6.01 | 10.99 |
| Capex | 2.01 | 2.01 | 7.01 | 2.01 | 2.01 | 2.01 | 4.01 | 17.01 | 13.01 | 8.01 | 15.02 | 8.01 |
| Free cash flow | 47.02 | −6.99 | 17.01 | 61.97 | −14.99 | 33.02 | 36.99 | −12.99 | 20.99 | −23.01 | 128 | 44.97 |
| CFO / OP % | 90.9% | 11.0% | 107.0% | 92.0% | 29.0% | 149.0% | 45.0% | 118.0% | −1,152.0% | −39.0% | 144.9% | 80.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | 34 | 34 | 31 | 32 | 31 | 25 | 51 | 41 | 32 | 39 | 31 | 39 |
| Days payable | 8 | 4 | 3 | 5 | 3 | 2 | 6 | 5 | 4 | 2 | 2 | 3 |
| Cash conversion cycle | 25 | 30 | 27 | 26 | 28 | 22 | 44 | 36 | 27 | 36 | 28 | 35 |
| Working capital days | 3 | 15 | 5 | 4 | 11 | 13 | 23 | 27 | 21 | 28 | 18 | 57 |
| ROCE % | 72.0% | 15.0% | 26.9% | 70.0% | 10.0% | 17.0% | 66.0% | 5.0% | −1.0% | 13.0% | 43.0% | 34.0% |
For the Mar 2026 quarter, KSE reported sales of ₹409 Cr, up 4.3% year on year and net profit of −₹3.72 Cr, down 110.7% year on year. The operating margin was −1.3%.
KSE's sales for the year to Mar 2026 were ₹1,680 Cr; over the last twelve months they were ₹1,680 Cr.
Net profit for the year to Mar 2026 was ₹83.99 Cr, and ₹83.99 Cr over the last twelve months. Earnings per share over the same trailing period were ₹26.20.
KSE reported borrowings of ₹25.03 Cr at Mar 2026, against cash and equivalents of ₹40.03 Cr.
Cash from operations was ₹53.94 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹44.97 Cr.