Keltech Energies Ltd

Keltech Energies Ltd

₹ 3,906 5.00%
14 Jun 4:01 p.m.
About

Incorporated in 1977, Keltech Energies Ltd manufactures explosives and perlite related products[1]

Key Points

Business Overview:[1]
KEL is a part of the $300 million Chowgule Group having interests in mining, shipping, ship building, industrial salts, automobiles, iron ore, construction chemicals, pelletization, industrial gases, explosives, expanded perlite, exports. Company manufactures Cartridge Explosives, Bulk Emulsion Explosives, Mono Methyl Amine Nitrate (MMAN) solutions, Accessories for Explosives, Expanded Perlite Products & Perlite Filter Aid. It is a technology provider in low temperature cryogenic insulation of LNG, Ethylene, Propylene, Butane, Propane, Ethane, LOX, LIN, LAR, Ammonia, Cold boxes and other cryogenic equipment

  • Market Cap 391 Cr.
  • Current Price 3,906
  • High / Low 5,095 / 1,461
  • Stock P/E 20.1
  • Book Value 996
  • Dividend Yield 0.04 %
  • ROCE 25.8 %
  • ROE 21.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 26.3% CAGR over last 5 years

Cons

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
73.99 71.40 71.05 97.67 115.27 141.06 113.59 151.09 157.10 136.05 96.73 95.62 120.94
70.58 67.06 68.10 94.77 109.73 135.60 110.09 144.27 147.21 127.44 88.80 88.20 112.55
Operating Profit 3.41 4.34 2.95 2.90 5.54 5.46 3.50 6.82 9.89 8.61 7.93 7.42 8.39
OPM % 4.61% 6.08% 4.15% 2.97% 4.81% 3.87% 3.08% 4.51% 6.30% 6.33% 8.20% 7.76% 6.94%
-3.09 0.09 0.12 0.03 0.66 0.28 0.14 0.01 2.02 0.62 0.53 1.06 2.72
Interest 0.61 0.54 0.72 0.65 0.68 1.16 1.38 1.41 1.43 0.98 1.39 1.08 1.03
Depreciation 1.38 1.37 1.39 1.43 1.36 1.50 1.51 1.52 1.51 1.63 1.69 1.77 1.67
Profit before tax -1.67 2.52 0.96 0.85 4.16 3.08 0.75 3.90 8.97 6.62 5.38 5.63 8.41
Tax % 0.00% 25.79% 28.12% 12.94% 20.19% 25.00% 29.33% 36.15% 26.42% 26.13% 26.77% 22.20% 26.28%
-1.67 1.87 0.70 0.74 3.33 2.31 0.53 2.49 6.60 4.88 3.94 4.38 6.21
EPS in Rs -16.70 18.70 7.00 7.40 33.30 23.10 5.30 24.90 66.00 48.80 39.40 43.80 62.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
156 155 192 179 201 202 226 216 220 355 563 449
146 142 180 166 185 183 211 200 207 340 537 417
Operating Profit 10 12 12 13 16 19 15 16 13 15 26 32
OPM % 6% 8% 6% 7% 8% 10% 7% 7% 6% 4% 5% 7%
0 0 0 1 0 -0 1 -1 -3 2 2 5
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 7
Profit before tax 7 9 5 8 9 11 8 6 3 8 17 26
Tax % 35% 33% 35% 36% 35% 33% 28% 24% 39% 22% 29% 25%
4 6 3 5 6 8 6 5 2 7 12 19
EPS in Rs 43.10 59.50 34.20 50.70 58.40 75.50 60.30 47.40 18.80 66.30 119.20 194.10
Dividend Payout % 6% 4% 7% 5% 4% 3% 4% 3% 8% 2% 1% 1%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 27%
TTM: -20%
Compounded Profit Growth
10 Years: 13%
5 Years: 26%
3 Years: 68%
TTM: 61%
Stock Price CAGR
10 Years: 25%
5 Years: 41%
3 Years: 84%
1 Year: 127%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 16%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 27 33 35 39 44 52 57 61 63 69 80 99
17 19 18 21 24 20 23 23 24 31 32 24
37 46 44 36 44 39 50 47 54 77 92 99
Total Liabilities 82 100 98 98 113 111 131 132 141 177 205 223
25 49 45 43 56 56 56 54 54 70 69 71
CWIP 9 0 0 6 1 1 1 3 6 1 1 1
Investments 0 0 0 0 0 0 0 0 0 7 10 20
48 51 52 49 57 54 74 75 82 100 125 130
Total Assets 82 100 98 98 113 111 131 132 141 177 205 223

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 12 7 6 13 11 2 5 8 21 18 51
-12 -16 -2 -7 -12 -4 -5 -3 -7 -23 -8 -17
4 -0 -5 1 -1 -8 4 -2 -3 2 -4 -11
Net Cash Flow 2 -4 0 0 0 -1 1 -0 -2 -1 6 23

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 54 59 53 45 59 51 63 64 66 48 40 39
Inventory Days 35 49 35 35 43 48 49 56 55 52 33 39
Days Payable 94 111 79 66 86 70 90 97 107 79 48 73
Cash Conversion Cycle -5 -3 9 14 16 29 21 23 14 21 25 5
Working Capital Days -5 -6 1 5 12 13 23 31 24 18 18 18
ROCE % 22% 22% 15% 18% 19% 20% 14% 13% 10% 12% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.23% 54.23% 54.23% 54.23% 54.23% 54.33% 54.33% 54.33% 54.33% 54.33% 54.33% 54.33%
0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14% 0.14%
45.63% 45.63% 45.63% 45.63% 45.63% 45.52% 45.54% 45.53% 45.52% 45.53% 45.53% 45.53%
No. of Shareholders 4,0143,8903,7883,8963,8833,8823,8593,8574,1754,3324,7074,960

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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