Cement stock hits 10% lower circuit after Axis Securities sells 27.29 lakh shares via bulk deal

The shares of the cement manufacturer hit 10 percent lower circuit of Rs 5.20 apiece after Axis Securities offloaded 27.29 lakh shares in the company via Bulk. 

Price movement 

With a market capitalization of Rs 161.53 crore, the shares of Kesoram Industries Ltd were trading at Rs 5.20 per share, decreasing around 9.57 percent as compared to the previous closing price of Rs 5.75 apiece. 

Price Movement 

On 25 March 2025, Axis Securities sold 27.29 lakh shares in Kesoram at an average price of Rs 5.47 per share, which is valued at Rs 1.49 crore. As of March 2024, Axis Bank holds 1,277,77,10 equity shares, which is equivalent to 4.11 percent of the company. 

Financial condition 

Analyzing the company’s financial performance, revenue fell by 1.5 percent from Rs 66 crore in Q3FY24 to Rs 65 crore in Q3FY25, during the same time, net loss widened from Rs 49 crore to Rs 69 crore. 

Also read: Bulk Deal: Stock under ₹60 hits 5% upper circuit after DII acquires stake in the company

Ratio analysis 

The company’s critical ratios show that the return on equity decreased from (41.05) percent in FY22-23 to (405.07) percent in FY23-24, while the return on capital employed decreased from 9.85 percent to 11.38 percent. The net profit margin (NPM) for fiscal year 23-24 is (9.63) percent. 

Shareholding pattern 

In the company’s recent shareholding pattern, the Promoters of the company own 43.34 percent while Retail shareholders own a 35.55 percent stake in the company and domestic Institutional Investors own a 16.02 percent stake. 

Company Profile 

Kesoram Industries Limited is an India-based company that is engaged in the manufacturing of clinker and cement. The Company’s segments include Cement, Rayon, T.P., and Chemicals. Its Cement segment is engaged in the sale of cement under the Birla Shakti Cement brand. 

Written by Abhishek Singh

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