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Keltech Energies Ltd. Stock Analysis

Small Cap
Evaluated by 204 users | BSE: 506528 | NSE: |
Chemicals
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.1%20.29%14.53%14.89%10.02%11.89%12.38%13.87%10.27%7.73%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 111178156155192179201202226216
Y-o-Y Gr. Rt.-60.2%-12.7%-0.8%24.2%-6.5%12.1%0.5%12%-4.6%
Adjusted EPS (Rs.) 15.8149.2443.3259.0234.1750.6659.476.9560.2547.21
Y-o-Y Gr. Rt.-211.5%-12%36.2%-42.1%48.3%17.3%29.6%-21.7%-21.6%
Book Value per Share (Rs.) 195.51243.05283.2339.76361.29399.38454.24528.48582.1621.78
Adjusted Net Profit 1.64.94.35.93.45.15.97.764.7
Net Op. Cash Flow (Rs. Cr.) 7.75.87.912.27.4613.110.82.35.5
Debt to Cash Flow from Ops 1.151.492.151.582.393.561.851.8210.044.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Keltech Energies Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.6%2.4%2.4%-4.6%
Adjusted EPS 12.9%6.7%-7.4%-21.6%
Book Value per Share 13.711.5116.8
Share Price 11.3% 3% -21.6% -24%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.3622.4516.4618.959.7513.3213.9215.6610.857.84
Operating Profit Margin (%) 3.765.616.228.056.17.228.139.516.676.41
Net Profit Margin (%) 1.422.762.783.821.782.822.953.812.662.19
Debt to Equity 0.450.350.60.570.490.540.530.370.40.36
Working Capital Days 1017610010892979197101126
Cash Conversion Cycle 2083-23813263033
Entity Percentage Holding
Promoters 54.23%
Institutions 0.14%
Non-Institutions 45.63%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Keltech Energies's performance infers:

Keltech Energies earnings have grown by 6.7%, whereas share price has appreciated 3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Keltech Energies share prices over the last 10 years. Here is what we found out:

Keltech Energies share price has appreciated 8% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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