Keltech Energies share price, P/E, ROE & financials

On 6 Nov 2026, Keltech Energies was priced at ₹17,222.15, or 60.4× trailing earnings, against an industry P/E of 22.1×. It earns ROCE of 20% and ROE of 21%, and sales fell 2.0% a year over 3 years while net profit grew 34%. Debt is 0.48× equity. It is a small-cap company with a market cap of ₹1,722 Cr, ranked 63rd of 204 Specialty Chemicals companies by market cap; the shares rose 282% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹17,830.70
Day high: ₹17,830.70
Day low: ₹16,854.90
Prev. close: ₹17,742.00
Volume: 758

Health check

1 good · 3 fair · 2 to check

ReturnsAhead
+281.7% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 60.4 vs industry 22.1.
GrowthSteady
Sales −2.0%, profit +34.0% a year over 3 years.
ProfitabilityAverage
ROCE 20.3% vs peer median 24.4%.
Balance sheetFair
Debt 0.48× equity, interest covered 16.3×, Piotroski 5 of 9.
Red flags1 to check
P/E of 60.4 against an industry P/E of 22.1.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹1,722 Cr, #63 of 204 in its industry by size.

Defensive

Beta 0.20 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹572 Cr · profit ₹29 Cr

Market cap: ₹1,722 Cr; Small cap
P/E: 60.4; Industry 22.1
Price to book: 11.26; Peers 13.33
Dividend yield: 0.01%
ROE: 20.7%; Peers 23.0%
ROCE: 20.3%; Peers 24.4%
Debt to equity: 0.48; Debt ₹73 Cr
EPS (TTM): ₹285.35
OPM (TTM): 7.4%; Net margin 5.0%
Sales growth: +28.1%; Latest quarter vs a year ago
Profit growth: −1.6%; Latest quarter vs a year ago
Price to sales: 3.01; EV/EBITDA 42.2

Strengths

Return on equity of 20.7%.
Return on capital employed of 20.3%.
Quarterly sales up 28.1% on a year ago.

Risks to check

P/E of 60.4 against an industry P/E of 22.1.

Derived automatically from reported figures. Not a recommendation.

About Keltech Energies

Keltech Energies Limited manufactures and sells cartridge explosives, bulk emulsion explosives, mono methyl amine nitrate (MMAN) solutions, expanded perlite products, perlite filter aids, and accessories for explosives in India and internationally. It operates in two segments: Explosives and Perlite. The company provides bulk emulsion explosives that are used for blasting hard rock formations in open cast workings for iron ore and coal mines; surface…

Headquarters: Bengaluru
Employees: 292
Sector: Basic Materials
ISIN: INE881E01017
Website: keltechenergies.com

Price range

52 weeks

₹2,900.00₹18,380.00

Today

₹16,854.90₹17,830.70

Avg volume (3M): 1.2K
1-year return: plus 281.7%
From 52-week high: minus 6.3%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ASIANPAINTAsian Paints	2,546.00	plus 0.88%	2,44,025	50.5	35.0	24.4%	18.9%	0.21	1.1%	plus 1.5%
SOLARINDSSolar Industries India	18,608.00	plus 0.48%	1,68,384	74.4	64.1	29.5%	27.8%	0.22	12.4%	plus 35.9%
PIDILITINDPidilite Industries	1,579.00	plus 1.63%	1,60,827	60.0	44.4	28.5%	23.5%	0.03	7.4%	plus 6.8%
LINDEINDIALinde India	6,859.00	plus 8.73%	58,496	118.4	64.2	16.3%	31.5%	0.23	–	plus 5.4%
BERGEPAINTBerger Paints India	478.35	minus 5.28%	55,776	45.4	29.4	20.6%	15.3%	0.15	4.2%	minus 6.0%
FLUOROCHEMGujarat Fluorochemicals	4,665.50	minus 0.94%	51,251	75.9	44.0	9.6%	24.1%	0.26	−4.5%	plus 28.0%
ACUTAASAcutaas Chemicals	3,786.60	plus 0.42%	31,001	70.9	64.1	27.7%	39.4%	0.01	29.4%	plus 105.6%
KELENRGKeltech Energies	17,222.15	minus 2.93%	1,722	60.4	41.6	20.3%	7.4%	0.48	−2.0%	plus 281.7%
Median of 7 peers	–	0.48%	58,496	70.9	44.4	24.4%	24.1%	0.21	5.8%	6.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
143	117	128	143	183
131	109	119	132	169
12.1	8.2	9.4	10.6	13.8
8.5%	7.0%	7.4%	7.4%	7.5%
1.6	2.9	1.4	1.1	1.4
0.9	0.9	1	1.4	1.6
1.8	1.8	1.9	2.1	2.3
–	–	–	3.2	–
11	8.4	8	11.4	11.2
25.3%	26.4%	27.4%	26.1%	28.1%
8.2	6.2	5.8	8.4	8.1
82.09	61.98	58.14	84.44	80.80

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −2.0%
Profit CAGR 3Y: +34.0%
EPS CAGR 3Y: +34.0%
ROE: 20.7%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
562	449	478	529
–	minus 20.2%	+6.6%	+10.7%
535	416	440	487
26.7	32.4	38.3	42.3
4.8%	7.2%	8.0%	8.0%
−0.6	0.9	2.7	3.6
3.5	2.5	2.5	2.5
6.1	6.8	7	7.6
0.1	2	1.5	3.1
16.7	26	33	38.8
28.5%	25.5%	24.4%	26.2%
11.9	19.4	24.9	28.7
–	+62.8%	+28.5%	+14.9%
119.21	194.13	249.41	286.65

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1	1	1	1
80.2	98.6	124	152
31.8	25.1	39	73.2
92.4	98	124	129
205	223	287	355
69.1	71.7	76.9	155
1	0.9	8.8	38
0.7	0.3	16.1	24.3
18.5	51.6	46.8	32.8
116	98.2	139	105
205	223	287	355

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
18.3	51.2	−17.6	48.5
−8.2	−16.8	−10.2	−75
−4.4	−11.3	9.5	29.9
5.7	23.1	−18.3	3.3
−5.5	−9.3	−11.9	−86
12.8	41.9	−29.5	−37.5
−0.2	−0.2	−0.2	−0.2

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you