It is a Kerala based 50 year old company primarily in Ready Mix Cattle Feed, the usage of in it is bound to increase in the coming days for better milk productivity and cattle health. I have an old report of FAO which is enclosed for an overall understanding of the issues.
I am tracking with small investment in this company for some time, after looking at its tremendous pricing power and very asset light model and a decent Balance sheet. The financials can be available from Screener and, for my own analysis, did a few calculation which is enclosed here. The details and challenges of the company is well documented in the 2014 AR.
Last five years AR can throw a good bird’s eye view of the company and industry.
Company does few other things like selling Ice Cream / Milk etc which seems have not yet shown much success.
The challenges of availability and pricing of RM is there and will be there but in spite of these issues the company is a consistent performer IMHO.
The purpose of opening the thread is to open a discussion about the company and better understand the dynamics.
Views and criticism invited…The excel was made quite sometime back … Just added 9 moth figures for '15…
KSE LTD.xlsx (15.0 KB)