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Keltech Energies Overview

Keltech Energies Ltd is a prominent player in the chemicals industry, specializing in the manufacture and distribution of high-quality explosives and explosive-related products. With a commitment to safety and innovation, the company has established itself as a trusted supplier for various sectors, including mining, construction, defense, and infrastructure development. Keltech Energies is known for its cutting-edge research and development, constantly pushing the boundaries of explosives technology to enhance efficiency and safety. Their comp...Read More

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Keltech Energies Key Financials

Market Cap ₹446 Cr.

Stock P/E 17.9

P/B 3.1

Current Price ₹4460

Book Value ₹ 1444.4

Face Value 10

52W High ₹5198

Dividend Yield 0.03%

52W Low ₹ 2900

Keltech Energies Share Price

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Volume
Price

Keltech Energies Quarterly Price

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Keltech Energies Peer Comparison

Keltech Energies Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 97 96 121 128 103 117 140 143 117 128
Other Income 1 1 3 2 2 1 2 2 3 1
Total Income 97 97 124 131 105 118 142 145 120 130
Total Expenditure 89 88 113 119 95 108 130 131 109 119
Operating Profit 8 8 11 12 10 11 12 14 11 11
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 6 8 9 7 8 9 11 8 8
Provision for Tax 1 1 2 2 1 2 2 3 2 2
Profit After Tax 4 4 6 7 6 6 7 8 6 6
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 4 4 6 7 6 6 7 8 6 6
Adjusted Earnings Per Share 39.4 43.8 62.1 67.5 55.6 57.5 68.8 82.1 62 58.1

Keltech Energies Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 192 179 201 202 226 216 220 355 563 449 488 528
Other Income 0 1 0 0 1 0 0 2 2 5 8 8
Total Income 192 181 201 202 227 216 221 356 565 454 496 537
Total Expenditure 180 166 185 183 211 202 207 340 537 417 451 489
Operating Profit 12 14 16 19 16 14 14 17 28 37 44 48
Interest 3 3 3 3 3 2 2 3 5 4 4 4
Depreciation 4 4 4 5 5 6 5 6 6 7 7 8
Exceptional Income / Expenses 0 0 0 0 0 0 -3 0 0 0 0 0
Profit Before Tax 5 8 9 11 8 6 3 8 17 26 33 36
Provision for Tax 2 3 3 4 2 1 1 2 5 7 8 9
Profit After Tax 3 5 6 8 6 5 2 7 12 19 25 27
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 5 6 8 6 5 2 7 12 19 25 27
Adjusted Earnings Per Share 34.2 50.7 58.4 75.5 60.3 47.4 18.8 66.3 119.2 194.1 249.4 271

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 11% 18% 10%
Operating Profit CAGR 19% 37% 26% 14%
PAT CAGR 32% 53% 38% 24%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 31% 60% 53% 22%
ROE Average 22% 20% 14% 13%
ROCE Average 26% 24% 18% 17%

Keltech Energies Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 36 40 45 53 58 62 64 70 81 100 125
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 8 10 11 9 4 3 7 11 10 5 11
Other Non-Current Liabilities 5 12 13 7 16 18 15 16 9 8 9
Total Current Liabilities 53 47 50 51 62 58 61 87 105 110 143
Total Liabilities 103 109 119 119 140 140 147 185 205 223 287
Fixed Assets 45 43 56 56 56 54 54 70 69 71 68
Other Non-Current Assets 5 20 12 7 14 18 20 15 6 6 42
Total Current Assets 53 46 52 57 69 68 73 100 131 145 176
Total Assets 103 109 119 119 140 140 147 185 205 223 287

Keltech Energies Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 3 3 4 2 4 3 2 1 7 30
Cash Flow from Operating Activities 7 6 13 11 2 5 8 21 18 51 -18
Cash Flow from Investing Activities -2 -7 -12 -4 -5 -3 -7 -23 -8 -17 -10
Cash Flow from Financing Activities -5 1 -1 -8 4 -2 -3 2 -4 -11 10
Net Cash Inflow / Outflow 0 0 0 -1 1 -0 -2 -1 6 23 -18
Closing Cash & Cash Equivalent 3 3 4 2 4 3 2 1 7 30 12

Keltech Energies Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 34.2 50.7 58.39 75.54 60.26 47.4 18.76 66.31 119.22 194.15 249.44
CEPS(Rs) 72.1 89.34 102.49 124.86 109.74 103.1 72.39 121.74 179.75 261.76 319.42
DPS(Rs) 2.5 2.5 2.5 2.5 2.5 1.5 1.5 1.5 1.5 1.5 1.5
Book NAV/Share(Rs) 361.29 399.38 454.24 528.48 582.1 621.78 638.78 703.49 812.3 995.73 1246.22
Core EBITDA Margin(%) 5.51 6.52 7.31 9.15 6.67 6.41 6.12 4.22 4.56 7.2 7.45
EBIT Margin(%) 3.8 5.24 5.42 6.87 4.86 4.01 2.43 3.13 3.92 6.8 7.64
Pre Tax Margin(%) 2.49 3.96 4.03 5.39 3.67 2.88 1.4 2.4 2.96 5.8 6.76
PAT Margin (%) 1.61 2.55 2.64 3.63 2.66 2.2 0.85 1.87 2.12 4.32 5.11
Cash Profit Margin (%) 3.39 4.5 4.63 6.01 4.85 4.78 3.29 3.43 3.19 5.82 6.55
ROA(%) 3.28 4.78 5.11 6.34 4.81 3.39 1.31 4 6.11 9.07 9.78
ROE(%) 9.76 13.33 13.68 15.37 10.85 7.87 2.98 9.88 15.73 21.48 22.25
ROCE(%) 15.07 18.07 18.35 20.11 14.28 10.42 6.26 11.94 20.85 25.93 26.04
Receivable days 45.36 45.93 45.14 53.25 54.1 64.76 64.05 44.16 35.05 44.69 39.27
Inventory Days 23.19 23.1 21.35 25.27 26.64 31.58 32.51 28.96 24.75 30.33 28.65
Payable days 88.13 83.51 78.16 79.72 74.12 97.06 98.86 67.16 47.12 73.78 89.76
PER(x) 17.66 8.78 12.09 16.34 13.33 9.36 26.52 8.2 7.2 14.04 11.35
Price/Book(x) 1.67 1.11 1.55 2.34 1.38 0.71 0.78 0.77 1.06 2.74 2.27
Dividend Yield(%) 0.41 0.56 0.35 0.2 0.31 0.34 0.3 0.28 0.17 0.06 0.05
EV/Net Sales(x) 0.39 0.35 0.45 0.69 0.42 0.27 0.28 0.22 0.19 0.59 0.61
EV/Core EBITDA(x) 6.27 4.37 5.54 7.27 5.96 4.11 4.48 4.63 3.83 7.09 6.68
Net Sales Growth(%) 24.22 -6.54 12.05 0.54 11.97 -4.6 2 61.05 58.72 -20.17 8.56
EBIT Growth(%) -26.45 28.96 15.45 18.95 -23 -21.26 -38.29 107.45 98.86 38.45 22.09
PAT Growth(%) -42.52 48.26 15.17 29.38 -20.24 -21.35 -60.42 253.47 79.81 62.84 28.48
EPS Growth(%) -42.52 48.26 15.17 29.38 -20.24 -21.35 -60.42 253.47 79.81 62.84 28.48
Debt/Equity(x) 0.49 0.54 0.53 0.37 0.4 0.36 0.35 0.42 0.38 0.24 0.31
Current Ratio(x) 0.99 0.97 1.05 1.11 1.12 1.18 1.2 1.15 1.24 1.32 1.23
Quick Ratio(x) 0.74 0.72 0.76 0.82 0.82 0.85 0.87 0.73 0.86 1.01 0.94
Interest Cover(x) 2.9 4.09 3.88 4.63 4.09 3.54 2.36 4.28 4.1 6.8 8.65
Total Debt/Mcap(x) 0.29 0.48 0.34 0.16 0.29 0.51 0.45 0.54 0.36 0.09 0.13

Keltech Energies Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 54.33 54.33 54.33 54.33 54.33 54.33 54.33 54.33 54.33 54.33
FII 0 0 0 0 0 0 0 0 0 0
DII 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
Public 45.53 45.53 45.53 45.53 45.53 45.53 45.53 45.53 45.53 45.53
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Keltech Energies News

Keltech Energies Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 73.78 to 89.76days.
  • Stock is trading at 3.1 times its book value.
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