Synopsis:
Kesar Terminals and Infrastructure Limited surged to its 2 percent upper circuit after the company completed the transfer of its entire stake in subsidiary Kesar Multimodal Logistics to DP World.
A logistics stock hit its upper circuit on Thursday after the company executed a major transaction involving the transfer of its subsidiary stake. Investor sentiment turned positive as the move not only unlocked funds but also extinguished outstanding liabilities, clearing the way for the company to concentrate on expansion opportunities.
Kesar Terminals and Infrastructure Limited, with a market capitalization of Rs. 101.22 crore, saw its shares open at Rs. 92.64, which was also its intraday high. The stock closed previously at Rs. 90.83 and quickly touched its 2 percent upper circuit at the day’s open.
What’s the News?
The company announced that on September 10, 2025, it had completed the transfer of its 100 percent equity and preference stake in Kesar Multimodal Logistics Limited (KMLL), its wholly owned subsidiary, to DP World Multimodal Logistics Pvt Ltd (DPW) as per the Share Subscription and Purchase Agreement.
As part of this transaction, KMLL’s bank dues were settled in full, which extinguished Kesar Terminals’ corporate guarantee obligations except for a small non-fund-based facility that DPW has also committed to clear. F
ollowing the completion, Kesar Terminals has received its due funds and is now free of KMLL’s liabilities, enabling the company to focus on its core bulk liquid storage business and expand operations in new regions.
Kesar Multimodal Logistics Limited was established as a special purpose vehicle for setting up a composite logistics hub at Pawarkheda in Hoshangabad district on a Public Private Partnership basis with the Madhya Pradesh State Agricultural Marketing Board. The project was developed on a DBFOT model.
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Financial Snapshot
On a quarter-on-quarter basis, sales declined by 20 percent to Rs. 8 crore in Q1FY26 from Rs. 10 crore in Q4FY25. Operating profit dropped 67 percent to Rs. 1 crore from Rs. 3 crore. Loss before tax widened to Rs. 18 crore from Rs. 7 crore, while net loss expanded to Rs. 17 crore from Rs. 7 crore.
On a year-on-year comparison, sales remained flat at Rs. 8 crore. Operating profit contracted 67 percent to Rs. 1 crore from Rs. 3 crore. Loss before tax deepened to Rs. 18 crore from Rs. 8 crore, and net loss increased to Rs. 17 crore from Rs. 9 crore.
About the Company
Kesar Terminals and Infrastructure Limited is engaged in bulk liquid storage and logistics services and is listed on both the BSE and NSE. With over six decades of expertise in handling petroleum, petrochemical, hazardous, and non-hazardous liquids, the company operates two terminals.
Its primary terminal at Kandla offers tanks located directly in front of the jetties, ensuring fast loading and unloading at high pumping rates. The facility’s multiple jetty lines allow simultaneous cargo discharge from multiple vessels, a factor that has strengthened KTIL’s reputation as a trusted and efficient logistics partner in the region.
Written By Manan Gangwar
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