Keltech Energies Ltd
₹ 3,660
-3.49%
23 Apr
4:01 p.m.
About
Incorporated in 1977, Keltech Energies Ltd manufactures explosives and perlite related products[1]
Key Points
- Market Cap ₹ 366 Cr.
- Current Price ₹ 3,660
- High / Low ₹ 4,289 / 995
- Stock P/E 18.5
- Book Value ₹ 892
- Dividend Yield 0.04 %
- ROCE 20.8 %
- ROE 15.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 51.1 to 40.1 days.
Cons
- Stock is trading at 4.10 times its book value
- Company has a low return on equity of 11.1% over last 3 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
178 | 156 | 155 | 192 | 179 | 201 | 202 | 226 | 216 | 220 | 355 | 563 | 486 | |
168 | 146 | 142 | 180 | 166 | 185 | 183 | 211 | 200 | 207 | 340 | 537 | 452 | |
Operating Profit | 10 | 10 | 12 | 12 | 13 | 16 | 19 | 15 | 16 | 13 | 15 | 26 | 34 |
OPM % | 6% | 6% | 8% | 6% | 7% | 8% | 10% | 7% | 7% | 6% | 4% | 5% | 7% |
1 | 0 | 0 | 0 | 1 | 0 | -0 | 1 | -1 | -3 | 2 | 2 | 4 | |
Interest | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 5 | 5 |
Depreciation | 1 | 1 | 2 | 4 | 4 | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 7 |
Profit before tax | 8 | 7 | 9 | 5 | 8 | 9 | 11 | 8 | 6 | 3 | 8 | 17 | 27 |
Tax % | 34% | 35% | 33% | 35% | 36% | 35% | 33% | 28% | 24% | 39% | 22% | 29% | |
5 | 4 | 6 | 3 | 5 | 6 | 8 | 6 | 5 | 2 | 7 | 12 | 20 | |
EPS in Rs | 50.40 | 43.10 | 59.50 | 34.20 | 50.70 | 58.40 | 75.50 | 60.30 | 47.40 | 18.80 | 66.30 | 119.20 | 198.00 |
Dividend Payout % | 5% | 6% | 4% | 7% | 5% | 4% | 3% | 4% | 3% | 8% | 2% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 23% |
3 Years: | 38% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 27% |
TTM: | 129% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 37% |
3 Years: | 92% |
1 Year: | 250% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Reserves | 23 | 27 | 33 | 35 | 39 | 44 | 52 | 57 | 61 | 63 | 69 | 80 | 88 |
9 | 17 | 19 | 18 | 21 | 24 | 20 | 23 | 23 | 24 | 31 | 32 | 24 | |
36 | 37 | 46 | 44 | 36 | 44 | 39 | 50 | 47 | 54 | 77 | 92 | 79 | |
Total Liabilities | 69 | 82 | 100 | 98 | 98 | 113 | 111 | 131 | 132 | 141 | 177 | 205 | 192 |
22 | 25 | 49 | 45 | 43 | 56 | 56 | 56 | 54 | 54 | 70 | 69 | 68 | |
CWIP | 1 | 9 | 0 | 0 | 6 | 1 | 1 | 1 | 3 | 6 | 1 | 1 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 10 | 13 |
46 | 48 | 51 | 52 | 49 | 57 | 54 | 74 | 75 | 82 | 100 | 125 | 110 | |
Total Assets | 69 | 82 | 100 | 98 | 98 | 113 | 111 | 131 | 132 | 141 | 177 | 205 | 192 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 10 | 12 | 7 | 6 | 13 | 11 | 2 | 5 | 8 | 21 | 18 | |
-3 | -12 | -16 | -2 | -7 | -12 | -4 | -5 | -3 | -7 | -23 | -8 | |
-3 | 4 | -0 | -5 | 1 | -1 | -8 | 4 | -2 | -3 | 2 | -4 | |
Net Cash Flow | -0 | 2 | -4 | 0 | 0 | 0 | -1 | 1 | -0 | -2 | -1 | 6 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 54 | 59 | 53 | 45 | 59 | 51 | 63 | 64 | 66 | 48 | 40 |
Inventory Days | 49 | 35 | 49 | 35 | 35 | 43 | 48 | 49 | 56 | 55 | 52 | 33 |
Days Payable | 104 | 94 | 111 | 79 | 66 | 86 | 70 | 90 | 97 | 107 | 79 | 48 |
Cash Conversion Cycle | -12 | -5 | -3 | 9 | 14 | 16 | 29 | 21 | 23 | 14 | 21 | 25 |
Working Capital Days | 3 | -5 | -6 | 1 | 5 | 12 | 13 | 23 | 31 | 24 | 18 | 18 |
ROCE % | 31% | 22% | 22% | 15% | 18% | 19% | 20% | 14% | 13% | 10% | 12% | 21% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) For The Financial Year Ended 31St March 2024. 17 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Certificate under Regulation 74(5) of the SEBI (Depository Participants) Regulations, 2018 for the Quarter ended 31st March 2024.
- Clarification And Submission Of Revised Corporate Announcement Of Proceedings Of AGM Of The Company Held On August 10, 2023 8 Apr
- Disclosure Under Regulation 31(4) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 For The Financial Year Ended 31St March 2024. 8 Apr
- Closure of Trading Window 28 Mar
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