Keltech Energies

BSE: KELENRG · Explosives

52W Range₹2,900 ₹14,800

Snapshot

Unlock Keltech Energies's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Keltech Energies Limited is an Indian manufacturer specialising in industrial explosives, accessories, and expanded perlite products. The company serves critical infrastructure and mining sectors, providing essential blasting materials for coal, metal, and limestone extraction.

Business Model

The company generates revenue through the production and sale of industrial explosives and perlite-based materials used in construction, horticulture, and cryogenic insulation. It operates a manufacturing network across India and serves both domestic and international markets.

  • Established:1977

Growth Outlook

Growth is driven by sustained demand from the mining and infrastructure sectors, alongside the expansion of specialized chemical applications. The company continues to focus on maintaining industrial safety standards to support its market position.

Key Risks

  • Regulatory Compliance. The explosives industry is subject to stringent government regulations and licensing requirements that can impact operational continuity.
  • Raw Material Price Volatility. Fluctuations in the cost of chemical inputs and raw materials can significantly affect profit margins.
  • Safety and Environmental Hazards. The nature of manufacturing explosives involves inherent safety risks and potential environmental liabilities.
  • Cyclicality of Mining Sector. The company's performance is closely tied to the capital expenditure cycles and production levels of the mining and infrastructure industries.

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Key Metrics

REVENUE

₹532 Cr

TTM · standalone

+9.0%YoY

NET PROFIT

₹29 Cr

TTM · standalone

+14.9%YoY

EPS

₹286.65

TTM · standalone

+14.9%YoY

RETURN ON EQUITY

21.8%

TTM · standalone

-1.8 ppYoY

RETURN ON CAPITAL EMPLOYED

27.1%

TTM · standalone

-3.8 ppYoY

P/E

29.9x

Q4 FY26 · standalone

29.9 vs 93.2x5Y avg

EV/EBITDA

7.7x

Q4 FY26 · standalone

7.7 vs 10.7x5Y avg

EBITDA MARGIN

8.9%

TTM · standalone

-0.2 ppYoY

NET PROFIT MARGIN

5.9%

Q4 FY26 · standalone

+1.0 ppYoY

DEBT TO EQUITY

0.5%

Q4 FY26 · standalone

+0.2 ppYoY

Peers · Explosives

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Keltech EnergiesKELENRG
₹1,387 Cr48.4030.419.0%8.9%21.8%27.1%+225.8%
Solar Industries India Ltd.SOLARINDS
₹1.85L Cr92.7057.8341.7%28.3%38.5%40.1%+47.9%
Premier Explosives LimitedPREMEXPLN
₹3,563 Cr106.2157.50-26.8%17.7%12.5%16.1%+31.6%
GOCL Corpn.GOCLCORP
₹1,925 Cr5.665.31-97.4%248.4%14.4%11.8%+9.2%

As of Q4 FY26

Financials