Keltech Energies Ltd.

BSE: KELENRG506528ISIN INE881E01017

Commodities
Explosives

Share price

₹17,448.55-44.55 (-0.25%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹18,380.00
52W low: ₹2,900.00
Off 52W high: -5.07%
1M return: +31.92%
3M return: +92.95%
6M return: +296.45%
1Y return: +275.42%
20D avg volume: 1,146
50 DMA: ₹13,343.87
200 DMA: ₹7,448.72

Key ratios Standalone

Market cap: ₹1,745 Cr
Current price: ₹17,448.55
52W high / low: ₹18,380.00 / ₹2,900.00
Face value: ₹10.00
P/E: 61.14
P/B: 15.64
EPS (TTM): ₹285.37
Book value / share: ₹1,115.64
ROE: 25.58%
ROCE: 21.10%
Operating margin: 8.27%
Net margin: 4.41%
Debt / equity: 0.47
Net debt: ₹56.71 Cr
Interest cover: 10.29
Dividend yield: 0.01%
Dividend / share (TTM): ₹1.50
Payout: 0.53%
Cash conversion cycle: 23.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	183.28	143.13	128.17	117.29	143.03	139.93	117.10	102.45	128.30	120.94	95.62	96.73
	1.36	1.12	1.43	2.88	1.61	1.88	1.24	2.46	2.36	2.72	1.06	0.54
	184.64	144.25	129.60	120.17	144.64	141.81	118.34	104.91	130.66	123.66	96.69	97.27
	173.40	136.00	121.60	111.75	133.65	132.65	110.61	97.91	121.59	115.24	91.05	91.89
	138.92	97.24	85.16	76.76	95.23	90.42	76.66	65.48	91.85	73.59	65.06	64.99
	4.50	3.95	3.46	3.12	2.97	4.62	3.00	5.61	4.54	3.43	5.49	2.34
	11.16	10.21	9.35	8.85	9.62	9.32	8.07	8.22	8.20	9.58	5.43	5.41
	1.58	1.40	0.98	0.89	0.92	1.02	1.08	1.05	1.16	1.03	1.08	1.39
	2.34	2.12	1.88	1.82	1.81	1.71	1.76	1.78	1.74	1.67	1.77	1.69
	20.14	21.80	21.43	19.58	20.22	27.73	18.33	18.71	14.79	23.43	13.48	15.24
	11.24	8.25	8.01	8.42	10.99	9.16	7.73	7.01	9.07	8.42	5.63	5.38
	0.00	3.18	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	11.24	11.43	8.01	8.42	10.99	9.16	7.73	7.01	9.07	8.42	5.63	5.38
	3.16	2.98	2.19	2.22	2.78	2.28	1.98	1.45	2.32	2.21	1.25	1.44
	8.08	8.44	5.81	6.20	8.21	6.88	5.75	5.56	6.75	6.21	4.38	3.94
	80.80	84.44	58.14	61.98	164.18	68.82	57.52	55.56	67.52	62.07	43.80	39.42
Key metrics
	15.16	14.95	10.87	11.13	13.72	11.89	10.57	9.84	11.97	11.12	8.48	8.46
	8.30%	10.40%	8.50%	9.50%	9.60%	8.50%	9.00%	9.60%	9.30%	9.20%	8.90%	8.70%
	4.40%	5.90%	4.50%	5.30%	5.70%	4.90%	4.90%	5.40%	5.30%	5.10%	4.60%	4.10%
	—	6.30%	—	5.60%	—	7.10%	—	—	—	—	—	—
	28.10%	2.30%	9.50%	14.50%	11.50%	15.70%	22.50%	5.90%	—	—	—	—
	-1.60%	22.70%	1.00%	11.50%	21.60%	10.80%	31.30%	41.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	571.87	532.06	487.79	449.34	562.85	355.38
	6.79	6.60	7.93	4.94	2.45	0.90
	578.66	538.66	495.72	454.28	565.30	356.28
	542.75	502.99	462.75	428.24	548.62	347.79
	398.08	354.39	324.41	304.09	441.32	269.84
	15.03	13.50	17.77	18.79	16.95	11.53
	39.57	38.02	33.80	30.28	20.45	17.94
	4.85	4.18	4.31	4.49	5.37	2.59
	8.16	7.63	7.00	6.76	6.05	5.54
	82.95	83.03	79.56	63.74	58.31	46.87
	35.92	35.67	32.97	26.05	16.68	8.50
	3.18	3.18	0.00	—	—	—
	39.10	38.85	32.97	26.05	16.68	8.50
	10.55	10.18	8.03	6.63	4.76	1.87
	28.53	28.66	24.94	19.41	11.92	6.63
	285.36	286.65	249.41	194.13	119.21	66.30
Key metrics
	52.11	50.66	44.28	37.30	28.10	16.63
	9.11%	9.50%	9.10%	8.30%	5.00%	4.70%
	4.99%	5.40%	5.10%	4.30%	2.10%	1.90%
	—	21.10%	25.90%	—	—	—
	13.80%	9.10%	8.60%	-20.20%	58.40%	—
	8.07%	14.90%	28.50%	62.80%	79.80%	—
	—	-37.13	-29.51	—	—	—
	—	1.69	-0.70	—	—	—
	—	0.47	0.31	—	—	—
	—	56.71	26.56	—	—	—
	—	23.7	5.9	—	—	—
Balance sheet
	—	355.34	287.29	—	—	—
	—	169.17	176.45	—	—	—
	—	14.98	11.63	—	—	—
	—	61.55	56.80	—	—	—
	—	49.30	42.04	—	—	—
	—	—	27.18	—	—	—
	—	117.13	68.15	—	—	—
	—	76.20	90.99	—	—	—
	—	151.62	143.25	—	—	—
	—	71.69	38.19	—	—	—
	—	29.56	27.29	—	—	—
	—	42.13	10.90	—	—	—
	—	152.95	124.61	—	—	—
Cash flow
	—	48.50	-17.57	—	—	—
	—	-83.76	-10.21	—	—	—
	—	38.61	9.50	—	—	—
	—	85.63	11.94	—	—	—

Compounded growth

Sales CAGR 3Y: -1.86%
Sales CAGR 5Y: —
Profit CAGR 3Y: +33.97%
Profit CAGR 5Y: —
Sales YoY (TTM): +13.80%
Profit YoY (TTM): +8.07%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 54.32%

Quarter	September 2026	June 2026
Promoter %	54.32%	54.32%

Holder	Type	Holding	Previous	Change
CHOWGULE AND COMPANY PVT LTD	Promoter	40.99%	40.99%	0.00%
DOLPHIN INVESTMENT LIMITED	Promoter	9.36%	9.36%	0.00%
VIJAY VISHWASRAO CHOWGULE	Promoter	3.97%	3.97%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	2.51%	2.51%	0.00%
MAHENDRA GIRDHARILAL WADHWANI	Public	1.50%	1.50%	0.00%
SHARAD KANAYALAL SHAH	Public	1.01%	—	—
ASHOK VISHWASRAO CHOWGULE	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Solar Industries India Limited	1,67,850	19,410.00	75.09	29.50%	+52.67% TTM	+67.32% TTM	+42.45%
Premier Explosives Ltd.	2,811	529.15	84.82	19.60%	-26.84% TTM	-8.76% TTM	-14.82%
Keltech Energies Ltd. S	1,774	17,448.55	61.14	21.10%	+13.80% TTM	+8.07% TTM	+275.42%
GOCL Corporation Limited	1,655	326.95	4.42	12.20%	-95.58% TTM	-72.91% TTM	-7.05%
Beezaasan Explotech Limited	1,202	761.00	—	11.10%	—	—	+206.92%

Filings & corporate actions

Recent announcements

KELTECH Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2026 ,inter alia, to consider and approve Meeting of the Board of Directors ....2 Nov 2026 · Board Meeting / Board Meeting
The announcement under Regulation 30 for proposed inter-se transfer of shares amongst Promoters and Promoters group is attached28 Oct 2026 · Company Update / General
Compliance Certificate under Reg 74(5)13 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Inadvertently mentioned postal ballot instead of Annual General Meeting and mentioned 48th AGM instead of 49th AGM Kindly take the same on record28 Sep 2026 · AGM/EGM / AGM
Scrutinizer Report with Voting Results7 Aug 2026 · AGM/EGM / AGM
Re-appointment of Director in AGM7 Aug 2026 · Company Update / Change in Management
Proceedings of AGM7 Aug 2026 · AGM/EGM / AGM
Intimation to Stock Exchange regarding Publication of Un-audited Financial Results for the Quarter Ended 30th June 2026.1 Aug 2026 · Company Update / Newspaper Publication
Outcome of Board Meeting for the quarter ended 30.06.202631 Jul 2026 · Result / Financial Results
Outcome of Board Meeting for the quarter ended 30.06.202631 Jul 2026 · Board Meeting / Outcome of Board Meeting
KELTECH Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....23 Jul 2026 · Board Meeting / Board Meeting
Regulation 74(5) of SEBI(DP) Regulation14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
News Paper Publication for Notice of AGM14 Jul 2026 · Company Update / Newspaper Publication
Submission of Record date for Final Payment of Dividend for the year 2025-2613 Jul 2026 · Corp Action / Date of payment of Dividend
Intimation of Record Date Under Regulation 42 of the SEBI (LODR) Regulations, 201513 Jul 2026 · Corp. Action / Record Date
Submission of Notice of 49th Annual General Meeting of the Company Scheduled to be held on Friday, August 07, 2026 through Video Conference/ OAVM13 Jul 2026 · AGM/EGM / AGM
Annual Report for the year 2025-2613 Jul 2026 · Others / Reg. 34 (1) Annual Report
Closure of Trading Window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation to stock exchange regarding publication of audited standalone financial results in newspaper for the quarter and year ended 31st March 202628 May 2026 · Company Update / Newspaper Publication
Intimation to Stock Exchange regarding publication of Un-Audited Standalone Financial Results in Newspaper for the Quarter and Year ended 31st March, 202628 May 2026 · Company Update / Newspaper Publication
Dividend for the year ended 31.3.26 approved by Board in the Board Meeting held on 27.5.2627 May 2026 · Corp. Action / Dividend
Update on the meeting27 May 2026 · Company Update / Meeting Updates
Audited Financial Results for the Quarter and Financial Year ended March 202627 May 2026 · Result / Financial Results
Out come of Board Meeitng held on 27th May, 202627 May 2026 · Board Meeting / Outcome of Board Meeting
KELTECH Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Audited Financial Results ....17 May 2026 · Board Meeting / Board Meeting
Update under Regulation 30 of SEBI (LODR) Regulations, 2015 Order received from CESTAT12 May 2026 · Company Update / General
Clarification regarding Price Movement25 Apr 2026 · Company Update / General
The Exchange has sought clarification from KELTECH Energies Ltd on April 24, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....24 Apr 2026 · Company Update / Clarification
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....22 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Regulation 74(5) .20 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Reg.74(5) of SEBI (DP) Regulations, 20189 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding Credit Rating under regulation 30 of sebi (Listing Obilgations and Disclosure Requirements) Listing Regulations.13 Feb 2026 · Company Update / Credit Rating
Intimation to Stock Exchange regarding publication of Un-Audited Standalone Financial Results in Newspaper for the Quarter and Nine Months ended 31st December 202513 Feb 2026 · Company Update / Newspaper Publication
1) Un-audited financials results 2) Segment Results 3) Limited Review Report12 Feb 2026 · Result / Financial Results
Outcome of the Board Meeting alongwith Financial Results for the Period ending 31.12.2512 Feb 2026 · Board Meeting / Outcome of Board Meeting
KELTECH Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....2 Feb 2026 · Board Meeting / Board Meeting
Regulation 74(5) of SEBI(DP) Regulation12 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window- for the quarter ended 31-12-202529 Dec 2025 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.5000	31 Jul 2026	31 Jul 2026	—
Final Dividend - Rs. - 1.5000	4 Aug 2025	4 Aug 2025	—
Final Dividend - Rs. - 1.5000	2 Aug 2024	2 Aug 2024	—

Board meetings

14 Nov 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results