6.4100 -0.34 (-5.04%)
NSE Mar 21, 2025 15:31 PM
Volume: 298.8K
 

ICICI Securities Limited
No visible turnaround prompts us to drop coverage Despite divestment of non-core assets and disposal of tyre unit at Laksar to JK Tyre for | 2,195 crore in April 2016, the company's debt has remained elevated. In FY18, Kesoram Industries witnessed an increase in debt of ~| 800 crore to | 4098 crore mainly led by a rise in losses in tyre business and increase in non-current investment by | 649 crore. Further, we expect the company's cement business to witness margin pressure mainly led by a weak pricing environment and higher input cost. This was...
Kesoram Industries Ltd. is trading below all available SMAs
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