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Kesar Terminals & Infrastructure Ltd (533289)

📊 BSE: 533289 🏢 Logistics Solution Provider 📢 Latest filing: 22 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kesar Terminals' revenue was ₹9.6 Cr (+31.9% year on year, +0.8% on the previous quarter), and net profit ₹2.3 Cr (against a loss a year earlier); the operating margin was 47.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹9.6	+31.9%	+0.8%
Operating profit	₹4.6	+137.1%	+12.1%
Net profit	₹2.3	from loss	+3.8%
EPS (₹)	2.15	from loss	+3.9%
Operating margin	47.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Promoter Harsh Kilachand Acquires 258 Shares of Kesar Terminals via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 05:22 PM

Promoter Harsh Rajnikant Kilachand disclosed the acquisition of 258 equity shares of Kesar Terminals & Infrastructure Ltd via the open market on September 21, 2026. The transaction marginally increases his direct holding from 10,34,175 shares (9.46%) to 10,34,433 shares (9.46%). Total promoter and PAC holding remains effectively unchanged at 61.14% (66,80,831 shares). Given the nominal size of the transaction, there is zero material impact on shareholding or operational dynamics.

Acquisition of 258 shares via open market on September 21, 2026
Acquirer's direct holding rises from 10,34,175 shares to 10,34,433 shares (9.46%)
Total Promoter and PAC holding stands at 66,80,831 shares (61.14%)
Equity share capital remains unchanged at INR 5,46,32,375

💡 Track subsequent quarterly financial performance and debt levels (D/E at 1.30), as this tiny transaction has no operational or strategic significance.

Promoter Harsh Kilachand Acquires 1,446 Shares of Kesar Terminals via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 10:46 AM

Promoter Harsh Rajnikant Kilachand purchased 1,446 equity shares (0.01% of voting capital) of Kesar Terminals & Infrastructure Ltd via open market on September 17, 2026. Following this transaction, his personal holding rose slightly from 9.45% (10,32,729 shares) to 9.46% (10,34,175 shares). Total promoter and PAC shareholding marginally increased from 61.13% to 61.14% (66,80,573 shares). The transaction is negligible in size, representing approximately Rs 85,000 at recent trading prices.

Acquisition of 1,446 equity shares (0.01% stake) via open market on September 17, 2026
Acquirer Harsh Rajnikant Kilachand's personal stake increased from 9.45% to 9.46%
Total promoter and PAC group shareholding rose from 61.13% (66,79,127 shares) to 61.14% (66,80,573 shares)
Total equity share capital remained unchanged at INR 5,46,32,375

💡 Monitor upcoming quarterly results to track operating turnaround and debt reduction progress given high debt/equity levels (1.3x).

Promoter Harsh Kilachand Acquires 0.09% Stake in Kesar Terminals via Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 10:15 AM

Promoter Harsh Rajnikant Kilachand acquired 9,846 equity shares (0.09% stake) of Kesar Terminals & Infrastructure Ltd through open market purchases on September 1 and September 2, 2026. Following this transaction, his personal shareholding increased from 9.35% (10,21,738 shares) to 9.44% (10,31,584 shares). Total promoter group shareholding marginally increased from 61.03% to 61.12%. The transaction represents a minor open-market creeping acquisition with negligible immediate impact on control.

Promoter Harsh Kilachand bought 9,846 shares (0.09% stake) via the open market
Transaction occurred on September 1, 2026 and September 2, 2026
Harsh Kilachand's direct holding increased from 9.35% (10,21,738 shares) to 9.44% (10,31,584 shares)
Total promoter group holding rose from 61.03% (66,68,136 shares) to 61.12% (66,77,982 shares)
Total equity share capital remained unchanged at INR 5,46,32,375

💡 Track subsequent promoter disclosures to see if creeping acquisition continues, and monitor upcoming quarterly operational performance and debt levels.

Kesar Terminals Appoints M/s. V. C. Shah & Co. as Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 14 Aug 2026, 06:22 PM

Kesar Terminals & Infrastructure Limited announced the appointment of M/s. V. C. Shah & Co., Chartered Accountants, as the company's Internal Auditor for Financial Year 2026-27. The appointment was approved by the Board of Directors at its meeting held on August 12, 2026. The audit firm was established in 1969 and brings over 55 years of professional audit and advisory experience. This is a routine statutory governance update with no direct impact on top-line revenue or operational performance.

Board approved the appointment of M/s. V. C. Shah & Co. on August 12, 2026.
The tenure of appointment is for the Financial Year 2026-27.
Appointed firm has an operational history of over 55 years (established in 1969).

💡 Track upcoming quarterly financial results and cash flow metrics to evaluate operational turnaround, given the company's negative net worth position.

Rs 2.35 Cr Net Profit in Q1; Revenue Grows 32% YoY Amid Ongoing Port Litigation

🔵 WATCH ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:26 PM

Kesar Terminals & Infrastructure reported a turnaround in Q1 FY27 (ending June 2026), posting a net profit of Rs 2.35 Cr compared to a loss of Rs 0.72 Cr in the year-ago period. Revenue from operations grew 32% YoY to Rs 9.55 Cr, driven by its bulk liquid storage business. However, the statutory auditor has issued a qualified opinion regarding a long-standing legal dispute with Deendayal Port Trust (DPT) over leasehold land fees and rent revisions. The company's financial position remains strained with a negative net worth of Rs -88 Cr as per the latest annual context.

Revenue from operations increased to Rs 9.55 Cr in Q1 FY27 from Rs 7.24 Cr in Q1 FY26.
Net profit turned positive at Rs 2.35 Cr against a loss of Rs 0.72 Cr in the corresponding quarter last year.
Finance costs decreased slightly to Rs 1.84 Cr from Rs 2.12 Cr on a YoY basis.
The company reported an EPS of Rs 2.15 for the quarter, a significant recovery from the negative EPS of Rs 29.97 reported for the full FY26.
Auditors highlighted unquantified risks regarding litigation with Deendayal Port Trust pending in the Supreme Court.

💡 Investors should closely monitor the Special Leave Petition (SLP) outcome in the Supreme Court regarding the Kandla leasehold land, as an adverse ruling on transfer fees or rent could significantly impact asset valuation and future profits.

Kesar Terminals Q1 Results: Net Profit of ₹2.35 Cr vs Loss of ₹0.72 Cr YoY; Revenue up 32%

🔵 WATCH ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:19 PM

Kesar Terminals & Infrastructure reported a turnaround in Q1 FY27, posting a net profit of ₹2.35 Cr compared to a loss of ₹0.72 Cr in the same quarter last year. Revenue from operations grew 31.9% YoY to ₹9.55 Cr, while finance costs saw a slight reduction to ₹1.84 Cr. Despite the operational improvement, the company's financial position remains strained with a negative net worth of ₹-88 Cr and a debt of ₹92 Cr. A significant legal risk persists as the statutory auditor issued a qualified opinion regarding unquantified liabilities related to leasehold land disputes with Deendayal Port Trust.

Revenue from operations increased 31.9% YoY to ₹9.55 Cr from ₹7.24 Cr.
Net profit turned positive at ₹2.35 Cr against a loss of ₹0.72 Cr in the previous year's corresponding quarter.
Finance costs decreased to ₹1.84 Cr from ₹2.12 Cr in Q1 FY26.
Earnings Per Share (EPS) improved to ₹2.15 from ₹-0.66 YoY.
Auditor qualification remains regarding a pending Supreme Court case over leasehold land transfer fees and rent revisions.

💡 Investors should closely monitor the outcome of the Special Leave Petition (SLP) in the Supreme Court regarding the Deendayal Port Trust dispute, as an adverse ruling could impact the 'Right to Use' assets. Additionally, track the company's ability to sustain operational profits to address its negative net worth.

August 12, 2026: Board Meeting to Approve Q1 Unaudited Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 03 Aug 2026, 04:30 PM

Kesar Terminals & Infrastructure Ltd has scheduled a board meeting on August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of Rs -88 Cr and debt of Rs 92 Cr, which is significantly higher than its TTM revenue of Rs 36 Cr. The trading window for insiders has been closed since July 1, 2026, and will remain so until 48 hours after the results are declared. Investors should focus on whether the company can improve its operating margins, which stood at 27.8% TTM.

Board meeting scheduled for August 12, 2026, to approve Q1 results.
Financial results cover the three-month period ended June 30, 2026.
Trading window has been closed since July 1, 2026, per SEBI regulations.
Company reported a negative net worth of Rs -88 Cr in the latest financial context.
Debt levels remain high at Rs 92 Cr against a TTM revenue of Rs 36 Cr.

💡 Monitor the financial results on August 12, 2026, specifically looking for any reduction in net losses or improvements in the negative net worth situation.

Kesar Terminals Declares Rs 1.25 Final Dividend at 18th AGM; Auditors Issue Qualified Opinion

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 22 Jul 2026, 05:15 PM

Kesar Terminals & Infrastructure Ltd held its 18th Annual General Meeting on July 22, 2026, where shareholders considered a final dividend of Rs 1.25 (25%) per share, bringing the total FY26 dividend to Rs 1.75 including the Rs 0.50 interim payment. A critical point for investors is the Statutory Auditor's qualified opinion on the FY26 financial statements, which was read during the meeting. The company also sought approval for material related party transactions with Kesar Enterprises Limited. This comes against a backdrop of a negative net worth of Rs -88 Cr and a debt of Rs 92 Cr as per recent financial context.

Final dividend of Rs 1.25 (25%) per equity share declared for the financial year ended March 31, 2026.
Confirmation of an interim dividend of Rs 0.50 (10%) per equity share already paid.
Statutory Auditors M/s. Chandabhoy & Jassoobhoy issued a qualified opinion on the FY26 financial statements.
Approval sought for material related party transactions with Kesar Enterprises Limited.
Re-appointment of Shri Harsh R. Kilachand as Whole-Time Director and Mrs. Natasha Harsh Kilachand as Director.

💡 Investors should scrutinize the specific reasons for the 'qualified opinion' in the FY26 annual report and monitor the scale of related party transactions with Kesar Enterprises.

Rs 1.75 Total Dividend Declared by Kesar Terminals; Auditors Issue Qualified Opinion

🔵 WATCH ⭐ 6/10

DIVIDEND 📅 22 Jul 2026, 05:13 PM

Kesar Terminals & Infrastructure held its 18th AGM on July 22, 2026, confirming a total dividend of Rs 1.75 per share for FY26 (Rs 0.50 interim and Rs 1.25 final). However, the statutory auditors issued a qualified opinion on the FY26 financial statements, which is a significant concern given the company's negative net worth of Rs -88 Cr and debt of Rs 92 Cr. The meeting also approved material related party transactions with Kesar Enterprises Limited and the re-appointment of the Executive Chairman.

Final dividend of Rs 1.25 (25%) per equity share declared for FY ended March 31, 2026
Interim dividend of Rs 0.50 (10%) per equity share confirmed for the same period
Statutory auditors M/s. Chandabhoy & Jassoobhoy issued a qualified opinion on FY26 financial statements
Approval sought for material related party transactions with Kesar Enterprises Limited
Company reports a negative net worth of Rs -88 Cr against a debt of Rs 92 Cr

💡 Investors should scrutinize the Annual Report to understand the specific reasons for the auditor's 'qualified opinion' and evaluate the sustainability of dividends given the negative net worth.

Kesar Terminals Re-appoints Harsh R. Kilachand as Executive Chairman until 2031

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 22 Jul 2026, 05:05 PM

Kesar Terminals & Infrastructure Ltd held its 18th AGM on July 22, 2026, where shareholders approved the re-appointment of Harsh R. Kilachand as Whole-Time Director and Executive Chairman for a term from December 20, 2026, to March 31, 2031. The company also re-appointed Natasha Harsh Kilachand as a Director and approved the continuation of Nilima Ashok Mansukhani as an Independent Director. These leadership continuations occur against a challenging financial backdrop, with the company reporting a negative net worth of Rs -88 Cr and debt of Rs 92 Cr.

Harsh R. Kilachand re-appointed as Executive Chairman for a term ending March 31, 2031
Mrs. Nilima Ashok Mansukhani, former Chief Commissioner of Income Tax, continues as Independent Director
Mrs. Natasha Harsh Kilachand re-appointed as Director; she is the spouse of the Executive Chairman
Company maintains a high debt of Rs 92 Cr against a TTM revenue of only Rs 36 Cr
Promoter holding remains stable at 60.94% as of June 2026

💡 Investors should focus on the company's ability to service its Rs 92 Cr debt and improve its negative net worth position rather than these routine management re-appointments.

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