Keltech Energies Ltd - Stock Valuation and Financial Performance

BSE: 506528 | NSE: | Chemicals | Small Cap

Keltech Energies Share Price

3,900 4.85 0.12%
as on 04-Nov'24 15:31

DeciZen - make an informed investing decision on Keltech Energies

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Keltech Energies stock performance -

mw4me loader
P/E Ratio (SA):
18.51
Market Cap:
394 Cr.
52-wk low:
2,000
52-wk high:
5,095

Is Keltech Energies Ltd an attractive stock to invest in?

1. Is Keltech Energies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Keltech Energies Ltd is a good quality company.

2. Is Keltech Energies Ltd undervalued or overvalued?

The key valuation ratios of Keltech Energies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Keltech Energies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Keltech Energies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Keltech Energies:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Keltech Energies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.3%15.1%18.1%18.4%20.1%14.3%10.4%6.3%11.9%20.9%-
Value Creation
Index
0.60.10.30.30.40.0-0.3-0.6-0.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 155192179201202226216220355563442
Sales YoY Gr.-24.2%-6.5%12.1%0.5%12%-4.6%2%61.1%58.7%-
Adj EPS 5934.250.759.47760.347.24162.7112.5212.8
YoY Gr.--42.1%48.3%17.3%29.6%-21.7%-21.6%-13.2%52.8%79.6%-
BVPS (₹) 339.8361.3399.4454.2528.5582.1621.8638.8703.5812.31,063.2
Adj Net
Profit
5.93.45.15.97.764.74.16.311.321
Cash Flow from Ops. 12.27.4613.110.82.35.57.720.618.3-
Debt/CF from Ops. 1.62.43.61.91.8104.12.91.41.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.5%22.7%37.6%58.7%
Adj EPS 7.4%7.9%33.6%79.6%
BVPS10.2%9%9.3%15.5%
Share Price 19.8% 42.9% 68.5% 91.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
199.813.313.915.710.97.86.59.314.922.7
Op. Profit
Mgn %
8.16.17.28.19.56.76.46.14.24.67.6
Net Profit
Mgn %
3.81.82.833.82.72.21.91.824.8
Debt to
Equity
0.60.50.50.50.40.40.40.40.40.4-
Working Cap
Days
10892979197101126126927054
Cash Conv.
Cycle
-2381326303329222114

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.70%

Sales growth is growing at healthy rate in last 3 years 37.63%

Net Profit is growing at healthy rate in last 3 years 33.57%

Sales growth is not so good in last 4 quarters at -20.04%

Latest Financials - Keltech Energies Ltd.

Standalone Consolidated
TTM EPS (₹) 212.8 -
TTM Sales (₹ Cr.) 442 -
BVPS (₹.) 1,063.2 -
Reserves (₹ Cr.) 105 -
P/BV 3.71 -
PE 18.51 -
From the Market
52 Week Low / High (₹) 2000.00 / 5095.00
All Time Low / High (₹) 4.05 / 5095.00
Market Cap (₹ Cr.) 394
Equity (₹ Cr.) 1
Face Value (₹) 10
Industry PE 57.6

Management X-Ray of Keltech Energies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Keltech Energies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales192179201202226216220355563449
Operating Expenses 180166185183211202207340537417
Manufacturing Costs19172023242321283436
Material Costs127115118114136126133256438303
Employee Cost 11111213141516182730
Other Costs 23243434383836383947
Operating Profit 12131619151413152632
Operating Profit Margin (%) 6.1%7.2%8.1%9.4%6.7%6.4%6.1%4.2%4.6%7.2%
Other Income 0100100225
Interest 3333322354
Depreciation 4445565667
Exceptional Items 000000-3000
Profit Before Tax 5891186381726
Tax 2334211257
Profit After Tax 356865271219
PAT Margin (%) 1.8%2.8%2.9%3.7%2.7%2.2%0.9%1.9%2.1%4.3%
Adjusted EPS (₹)34.250.758.475.560.347.418.866.3119.2194.2
Dividend Payout Ratio (%)7%5%4%3%4%3%8%2%1%1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 364045535862647081100
Share Capital 1111111111
Reserves 35394452576163698099
Minority Interest0000000000
Debt13171913191919242419
Long Term Debt81011943711105
Short Term Debt5785161612131514
Trade Payables30232822343339555865
Others Liabilities 24242723292625364240
Total Liabilities 103104119111140140147185205223

Fixed Assets

Gross Block64476267727680102105115
Accumulated Depreciation194611162126323643
Net Fixed Assets45435656565454706971
CWIP 0611136111
Investments 000000071020
Inventories13121415181920364035
Trade Receivables28223228393840466248
Cash Equivalents 444398107932
Others Assets1317138171818181415
Total Assets 103104119111140140147185205223

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 761311258211851
PBT 5891186381726
Adjustment 65796577108
Changes in Working Capital -2-4-1-5-9-3-16-426
Tax Paid -2-3-2-4-3-4-1-1-5-9
Cash Flow From Investing Activity -2-7-12-4-5-3-7-23-8-17
Capex -3-7-12-4-5-4-7-16-5-9
Net Investments 0000000-7-3-8
Others 0000000000
Cash Flow From Financing Activity -51-1-84-2-32-4-11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -322-1-5-1441-7
Interest Paid -3-2-3-3-2-2-2-3-5-4
Dividend Paid 0000000000
Others 221-4110-5100
Net Cash Flow 000-110-2-1623
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.7613.3313.6815.3710.857.872.989.8815.7321.48
ROCE (%)15.0718.0718.3520.1114.2810.426.2611.9420.8525.93
Asset Turnover Ratio2.041.921.991.81.811.541.532.142.892.1
PAT to CFO Conversion(x)2.331.22.171.380.331431.52.68
Working Capital Days
Receivable Days45464553546564443545
Inventory Days23232125273233292530
Payable Days88847880749799674774

Keltech Energies Ltd Stock News

Keltech Energies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Keltech Energies on 04-Nov-2024 15:31 is ₹3,900.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Nov-2024 15:31 the market cap of Keltech Energies stood at ₹394.0.
The latest P/E ratio of Keltech Energies as of 04-Nov-2024 15:31 is 18.51.
The latest P/B ratio of Keltech Energies as of 04-Nov-2024 15:31 is 3.71.
The 52-week high of Keltech Energies is ₹5,095 and the 52-week low is ₹2,000.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Keltech Energies is ₹441.6 ( Cr.) .

About Keltech Energies Ltd

Keltech Energies, (KEL), formerly known as Karnataka Explosive, a public limited company established in 1977 is a member of the renowned Chowgule Group of Goa. The group is in the fields of mining, shipping, shipbuilding, chemicals, explosives, expanded perlite, breweries and many other industries.

Keltech Energies manufactures watergel cartridge explosives, bulk emulsion explosives, mono methyl amine nitrate (MMAN) solution and a variety of expanded perlite products. Apart from the domestic market, KEL’s watergel explosives, MMAN and perlite products are also being exported to other countries.

Expanded perlite is manufactured by Keltech Energies, perlite division at Vishwasnagar near Mangalore, Karnataka. This plant setup in 1985 with technical assistance from Silibrico Corporation Inc., U S A produces a wide range of perlite products to meet the requirement of the following industries:  

  • Construction and insulation  
  • Cryogenic  
  • Horticulture  
  • Refractories  
  • Explosives  
  • Foundry   
  • Poultry feed   
  • Garment washing       

The company added a second expander in 1997 to cater to the needs of the markets in northern India. The company also has a portable expander to carryout site expansion and filling of annular space of cryogenic tanks.

KEL Perlite is a registered member of the Perlite Institute Inc., U S A and has access to the latest technical information in the application of expanded perlite. The ore for expansion is imported from Greece, Turkey, New Zealand, U S A and is selected based on the application.

KEL is an ISO certified company and has expertise to carryout thermal insulation work of cryogenic tanks.

Marketing all perlite products and turnkey installation jobs is undertaken by Chowgule Industries, a sister concern of KEL.

KEL also undertakes turnkey installation of in-situ light weight perlite-concrete blocks for base insulation of cryogenic tanks and annular insulation filling of double wall LNG tanks.

Tie Ups 

KEL obtained the technology for manufacturing Watergel explosives from M/s Dupont de Nemours Co. Inc.,USA.

The company had another technical collaboration with M/s Silbrico Corporation, USA for manufacturing expanded perlite products for use in construction, low temperature insulation, refractory, fillers, foundry, medicine carrier, thermoplastics, horticultural and other applications.

KEL is a member of the International Society of Explosives Engineers as well as the Perlite Institute Inc.

Products of Company

  • Explosives
  • Perlite
  • Fire Proofing

Achievements/ recognition

In September 2000, the company obtained ISO 9002 accreditation through Det Norske Vertias. This was upgraded to ISO 9001-2000 version in 2002.

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