On 6 Nov 2026, Sheetal Cool Products was priced at ₹599.10, or 30.3× trailing earnings, against an industry P/E of 19.5×, and the shares are 13% below their 52-week high. It earns ROCE of 18% and ROE of 13%, and sales grew 2.5% a year over 3 years while net profit fell 2.2%. Debt is 0.32× equity. It is a small-cap company with a market cap of ₹629 Cr, ranked 45th of 127 Packaged Foods companies by market cap; the shares rose 148% over the past year.
- ₹590.00
- ₹603.00
- ₹578.00
- ₹583.70
- 11.1K
Health check
- ReturnsAhead
+147.7% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 30.3 vs industry 19.5.
- GrowthSlow
Sales +2.5%, profit −2.2% a year over 3 years.
- ProfitabilityAverage
ROCE 17.9% vs peer median 15.3%.
- Balance sheetFair
Debt 0.32× equity, interest covered 4.7×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 30.3 against an industry P/E of 19.5.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹629 Cr
- Small cap
- P/E
- 30.3
- Industry 19.5
- Price to book
- 4.01
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 13.3%
- Peers 14.8%
- ROCE
- 17.9%
- Peers 15.3%
- Debt to equity
- 0.32
- Debt ₹50 Cr
- EPS (TTM)
- ₹19.78
- Face value ₹10
- OPM (TTM)
- 11.6%
- Net margin 5.4%
- Sales growth
- +17.5%
- Latest quarter vs a year ago
- Profit growth
- +30.8%
- Latest quarter vs a year ago
- Price to sales
- 1.63
- EV/EBITDA 15.1
Strengths and risks
Strengths
- Quarterly profit up 30.8% on a year ago.
- Quarterly sales up 17.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 65.6% to 70.2%.
Risks to check
- P/E of 30.3 against an industry P/E of 19.5.
About Sheetal Cool Products
Sheetal Cool Products Limited manufactures and sells milk and milk products in India. The company offers ice cream products, including cups, kulfi, novelties, candy and cones, cakes and pastries, and family and party packs; namkeen products, such as wafers, fryums, and other savory snacks; and bakery products comprising breads, khari and rusk products, and cookies. It also provides sweets, such as gulab jamun, rasgulla, mango ras, basundi and shrikhand;…
- Headquarters
- Amreli
- Employees
- 750
- Sector
- Consumer Defensive
- ISIN
- INE501Y01019
- Website
- sheetalfoodworld.com
Price range
- Avg volume (3M)
- 27.4K
- 1-year return
- plus 147.7%
- From 52-week high
- minus 13.2%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| SCPLSheetal Cool Products | 599.10 | plus 2.64% | 629 | 30.3 | 4.01 | 17.9% | 13.3% | 11.6% | 2.5% | −2.2% | 0.00% | plus 147.7% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 113 | 55.9 | 63.9 | 133 | 133 | |
| 102 | 49.7 | 54.6 | 118 | 119 | |
| 10.4 | 6.2 | 9.3 | 15.3 | 14 | |
| 9.2% | 11.1% | 14.5% | 11.5% | 10.5% | |
| 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | |
| 1.6 | 1.6 | 1.7 | 2.3 | 2.3 | |
| 1.8 | 2.6 | 2.3 | 2.3 | 2.4 | |
| 7.2 | 2.2 | 5.5 | 11 | 9.3 | |
| 25.6% | 26.6% | 27.5% | 26.0% | 25.2% | |
| 5.3 | 1.6 | 4 | 8.2 | 7 | |
| 5.09 | 1.52 | 3.82 | 7.78 | 6.66 |
Profit & loss
- Sales CAGR 3Y
- +2.5%
- Profit CAGR 3Y
- −2.2%
- EPS CAGR 3Y
- −2.2%
- ROE
- 13.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 340 | 353 | 321 | 366 | |
| – | +3.7% | minus 8.9% | +13.9% | |
| 295 | 308 | 282 | 323 | |
| 45 | 45 | 38.8 | 43.2 | |
| 13.2% | 12.8% | 12.1% | 11.8% | |
| 0.9 | 1.6 | 0.6 | −0.4 | |
| 6.7 | 8.2 | 6.6 | 7.1 | |
| 9.6 | 9.2 | 7.9 | 8.9 | |
| −1.9 | −1 | −2.4 | −1 | |
| 27.7 | 28.2 | 22.5 | 25.9 | |
| 26.2% | 26.1% | 26.4% | 26.3% | |
| 20.5 | 20.8 | 16.6 | 19.1 | |
| – | +1.9% | minus 20.5% | +15.4% | |
| 19.48 | 19.85 | 15.78 | 18.21 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.5 | 10.5 | 10.5 | 10.5 | |
| 83.2 | 104 | 121 | 146 | |
| 85.8 | 83.6 | 75.2 | 49.8 | |
| 47.3 | 36.6 | 44.6 | 57.8 | |
| 227 | 235 | 251 | 265 | |
| 49 | 43.9 | 39.5 | 47.7 | |
| 1.7 | 0.3 | 1.5 | 0.5 | |
| 1.9 | 5 | 10 | 0.5 | |
| 174 | 186 | 200 | 216 | |
| 227 | 235 | 251 | 265 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.6 | 29.9 | 38.1 | 34.3 | |
| −20.7 | −15.7 | −18.2 | −18.3 | |
| 4.1 | −11.1 | −14.9 | −25.5 | |
| 1 | 3.1 | 5 | −9.5 | |
| −20.8 | −16 | −18.3 | −27.8 | |
| −3.2 | 13.9 | 19.8 | 6.4 |
Shareholding pattern
- Promoters70.18%
- Public29.82%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.18% | 29.82% | plus 0.10 | |
| 30 Jun 2026 | 70.08% | 29.92% | plus 3.01 | |
| 31 Mar 2026 | 67.07% | 32.93% | plus 1.48 | |
| 31 Dec 2025 | 65.59% | 34.41% | 0.00 | |
| 30 Sep 2025 | 65.59% | 34.41% | – |
Major shareholders
Filings & events
News
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