Keltech Energies

₹4159 24.1 | 0.6%

WEBSITE BSE:506528 NSE : KELTECH EN. 18 May, 12:50

Market Cap ₹416 Cr.

Stock P/E 21.4

P/B 4.2

Current Price ₹4159

Book Value ₹ 995.6

Face Value 10

52W High ₹5095

Dividend Yield 0.04%

52W Low ₹ 1461.1

Edit Ratio

Keltech Energies Research see more...

Overview Inc. Year: 1977Industry: Chemicals

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 comprehensive product range includes a variety of explosives, detonators, boosters, and related accessories, all designed to meet the stringent demands of modern industries. The company's dedication to sustainability and environmental responsibility sets it apart, ensuring that its products adhere to the highest industry standards while minimizing their ecological footprint. Keltech Energies Ltd continues to be a driving force in the chemicals sector, shaping the future of explosive solutions.

Keltech Energies Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Keltech Energies Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	98	115	141	114	151	157	136	97	96	121
Other Income	0	1	0	0	0	2	1	1	1	3
Total Income	98	116	141	114	151	159	137	97	97	124
Total Expenditure	95	110	136	110	144	147	127	89	88	113
Operating Profit	3	6	6	4	7	12	9	8	8	11
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	1	1	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	4	3	1	4	9	7	5	6	8
Provision for Tax	0	1	1	0	1	2	2	1	1	2
Profit After Tax	1	3	2	1	2	7	5	4	4	6
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	3	2	1	2	7	5	4	4	6
Adjusted Earnings Per Share	7.4	33.3	23.1	5.3	24.9	66	48.8	39.4	43.8	62.1

Keltech Energies Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	156	155	192	179	201	202	226	216	220	355	563	450
Other Income	0	0	0	1	0	0	1	0	0	2	2	6
Total Income	156	155	192	181	201	202	227	216	221	356	565	455
Total Expenditure	146	142	180	166	185	183	211	202	207	340	537	417
Operating Profit	10	13	12	14	16	19	16	14	14	17	28	36
Interest	2	2	3	3	3	3	3	2	2	3	5	4
Depreciation	1	2	4	4	4	5	5	6	5	6	6	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-3	0	0	0
Profit Before Tax	7	9	5	8	9	11	8	6	3	8	17	26
Provision for Tax	2	3	2	3	3	4	2	1	1	2	5	6
Profit After Tax	4	6	3	5	6	8	6	5	2	7	12	19
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	6	3	5	6	8	6	5	2	7	12	19
Adjusted Earnings Per Share	43.1	59.5	34.2	50.7	58.4	75.5	60.3	47.4	18.8	66.3	119.2	194.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	59%	38%	23%	14%
Operating Profit CAGR	65%	26%	8%	11%
PAT CAGR	71%	34%	8%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	165%	97%	41%	31%
ROE Average	16%	10%	9%	12%
ROCE Average	21%	13%	13%	16%

Keltech Energies Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	28	34	36	40	45	53	58	62	64	70	81
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	9	13	8	10	11	9	4	3	7	11	10
Other Non-Current Liabilities	4	5	5	12	13	7	16	18	15	16	20
Total Current Liabilities	49	54	53	42	50	43	62	58	61	87	105
Total Liabilities	90	105	103	104	119	111	140	140	147	185	217
Fixed Assets	25	49	45	43	56	56	56	54	54	70	69
Other Non-Current Assets	14	5	5	20	12	7	14	18	20	15	17
Total Current Assets	50	52	53	41	52	49	69	68	73	100	131
Total Assets	90	105	103	104	119	111	140	140	147	185	217

Keltech Energies Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	7	3	3	3	4	2	4	3	2	1
Cash Flow from Operating Activities	8	12	7	6	13	11	2	5	8	21	18
Cash Flow from Investing Activities	-12	-16	-2	-7	-12	-4	-5	-3	-7	-23	-8
Cash Flow from Financing Activities	6	-0	-5	1	-1	-8	4	-2	-3	2	-4
Net Cash Inflow / Outflow	2	-4	0	0	0	-1	1	-0	-2	-1	6
Closing Cash & Cash Equivalent	7	3	3	3	4	2	4	3	2	1	7

Keltech Energies Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	43.07	59.49	34.2	50.7	58.39	75.54	60.26	47.4	18.76	66.31	119.22
CEPS(Rs)	56.79	76.73	72.1	89.34	102.49	124.86	109.74	103.1	72.39	121.74	179.75
DPS(Rs)	2.5	2.5	2.5	2.5	2.5	2.5	2.5	1.5	1.5	1.5	1.5
Book NAV/Share(Rs)	283.2	339.76	361.29	399.38	454.24	528.48	582.1	621.78	638.78	703.49	812.3
Core EBITDA Margin(%)	5.67	7.32	5.51	6.52	7.31	9.15	6.67	6.41	6.12	4.22	4.56
EBIT Margin(%)	5.02	6.46	3.8	5.24	5.42	6.87	4.86	4.01	2.43	3.13	3.92
Pre Tax Margin(%)	3.89	5.25	2.49	3.96	4.03	5.39	3.67	2.88	1.4	2.4	2.96
PAT Margin (%)	2.53	3.5	1.61	2.55	2.64	3.63	2.66	2.2	0.85	1.87	2.12
Cash Profit Margin (%)	3.33	4.52	3.39	4.5	4.63	6.01	4.85	4.78	3.29	3.43	3.19
ROA(%)	5.27	6.1	3.28	4.9	5.23	6.56	4.81	3.39	1.31	4	5.94
ROE(%)	16.37	19.1	9.76	13.33	13.68	15.37	10.85	7.87	2.98	9.88	15.73
ROCE(%)	21.89	22.25	15.07	18.07	18.35	20.11	14.28	10.42	6.26	11.94	20.85
Receivable days	47.11	51.75	45.36	45.93	45.14	53.25	54.1	64.76	64.05	44.16	35.05
Inventory Days	22.35	25.06	23.19	23.1	21.35	25.27	26.64	31.58	32.51	28.96	24.75
Payable days	98.22	107.93	88.13	83.51	78.16	79.72	74.12	97.06	98.86	67.16	47.12
PER(x)	4.88	4.22	17.66	8.78	12.09	16.34	13.33	9.36	26.52	8.2	7.2
Price/Book(x)	0.74	0.74	1.67	1.11	1.55	2.34	1.38	0.71	0.78	0.77	1.06
Dividend Yield(%)	1.19	1	0.41	0.56	0.35	0.2	0.31	0.34	0.3	0.28	0.17
EV/Net Sales(x)	0.19	0.26	0.39	0.35	0.45	0.69	0.42	0.27	0.28	0.22	0.19
EV/Core EBITDA(x)	3.04	3.22	6.27	4.37	5.54	7.27	5.96	4.11	4.48	4.63	3.83
Net Sales Growth(%)	-12.68	-0.83	24.22	-6.54	12.05	0.54	11.97	-4.6	2	61.05	58.72
EBIT Growth(%)	-9.16	28.12	-26.45	28.96	15.45	18.95	-23	-21.26	-38.29	107.45	98.86
PAT Growth(%)	-14.61	38.12	-42.52	48.26	15.17	29.38	-20.24	-21.35	-60.42	253.47	79.81
EPS Growth(%)	-14.61	38.12	-42.52	48.26	15.17	29.38	-20.24	-21.35	-60.42	253.47	79.81
Debt/Equity(x)	0.6	0.57	0.49	0.54	0.53	0.37	0.4	0.36	0.35	0.42	0.38
Current Ratio(x)	1.03	0.96	0.99	0.97	1.05	1.14	1.12	1.18	1.2	1.15	1.24
Quick Ratio(x)	0.83	0.7	0.74	0.69	0.76	0.79	0.82	0.85	0.87	0.73	0.86
Interest Cover(x)	4.44	5.34	2.9	4.09	3.88	4.63	4.09	3.54	2.36	4.28	4.1
Total Debt/Mcap(x)	0.81	0.77	0.29	0.48	0.34	0.16	0.29	0.51	0.45	0.54	0.36

Keltech Energies Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.23	54.23	54.23	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	45.63	45.63	45.63	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

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Others	0	0	0	0	0	0	0	0	0	0
Total	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1

Pros

Debtor days have improved from 67.16 to 47.12days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Stock is trading at 4.2 times its book value.
The company has delivered a poor profit growth of 8% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.