Keltech Energies share price

Keltech Energies Ltd's share price was ₹13,717.70 at the close on 18 August 2026. It has been rising for 15 weeks. Since its first close in our records, on 3 July 2026, it has traded between ₹7,869 and ₹13,718, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Keltech Energies Ltd is in stage 2. The phase helps read everything below.

There is not enough history yet to compare it with the NIFTY 500.

Keltech Energies Ltd is a new listing: we have 1 month of share prices so far, since 3 July 2026. The price chart, its averages and its phases need more history, so they appear once there is enough.

Over the last 1 month the share price moved +74% while the NIFTY 500 moved +1%, so it is ahead of the index over that whole period.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 8 quarters in a row and highest quarterly revenue in 13 quarters.

1. Revenue up on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹183 crore, +27.8% on a year earlier.

2. Highest quarterly revenue in 13 quarters

   Revenue of ₹183 crore in the June 2026 quarter is the highest of the last 13 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Keltech Energies reported revenue of ₹183 crore, up 27.8% from ₹143 crore a year earlier, and a profit of ₹8.08 crore, down 1.6% from ₹8.21 crore.

Keltech Energies results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Keltech Energies closed at ₹13,717.70 on 18 August 2026. Its highest weekly close since July 2026 was ₹13,717.70 on 18 August 2026.

Keltech Energies share price: then and now

Weekly closing prices. Each change is the move from that price to the 18 Aug 2026 close. A day's intraday high or low can go beyond these weekly closes.

8 weekly closes from 3 July 2026 to 18 August 2026.

18 Aug 2026: Keltech Energies closed at ₹13,717.70, up 10.2% on the week and up 67.4% on the month. Results for April to June 2026: Revenue up 27.8% and profit down 1.6% on a year earlier.

Yes. Keltech Energies Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. This page shows the payout as a share of profit, not an amount per share (as of 18 August 2026).

Keltech Energies is on one of our India lists: Momentum stocks.

Keltech Energies Ltd earned ₹8.1 Cr of net profit in the Jun 2026 quarter, −1.6% on the same quarter a year earlier. Full-year FY26 profit was ₹29.0 Cr. Over 10 years profit has grown 19.2% a year on average. That is 4.4% of the quarter's revenue. The same quarter a year earlier earned ₹8.2 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹29.0 Cr (+16.0% on the year before).

Why profit moved: revenue changed +27.8% on a year earlier and the margin moved −1.2 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +8.4% and revenue +13.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

Keltech Energies Ltd reported ₹183 Cr of revenue in the Jun 2026 quarter, +27.8% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 11.5% a year on average. The last full year, FY26, came in at ₹532 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹572 Cr.

FY26 revenue was ₹532 Cr, +8.8% on the year before.

Recent pace: the last four quarters grew +13.3% on average, against 11.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.6%, against +13.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +8.1%, against +15.8% a year (rolling over).

Keltech Energies Ltd's operating margin was 7.5% in the Jun 2026 quarter, 1.2 percentage points lower than the same quarter a year ago. Across 12 years it has been between 4.2% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −4.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 111% of Keltech Energies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹48.0 Cr of operating cash against ₹29.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹86.0 Cr of spending on assets, free cash was −₹38.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 111% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.9× depreciation over three years. The next section checks what that spending is building.

Keltech Energies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, down from 14 days in FY21. It spent ₹107 Cr on assets over the last 3 years. Customers take 42 days to pay, and stock sits for 52 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹532 Cr, each day of that cycle ties up about ₹1.5 Cr, so roughly ₹20.0 Cr is tied up in the business at any time.

FY26: customers took 42 days to pay and stock sat for 52 days, about 1.7 months of sales sitting as stock, for a full cycle of 14 days, shorter than FY21's 14.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 52 days. Customers pay about 42 days after that. Suppliers are paid at 81 days. Together that makes the 14-day cycle.

Spending on assets: ₹107 Cr over the last 3 years, against ₹22.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹38.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Keltech Energies Ltd's P/E is 52.4×, about the highest it has ever been. Its usual P/E (the middle reading) is 13.9×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹285.30.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Keltech Energies Ltd's business is giving mixed signals. Revenue growth is rising at +27.8% (from single-quarter figures) while profit growth is falling at −1.6% (from single-quarter figures), so the lines disagree and each one tells part of the story. This is based on 9 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Keltech Energies Ltd earned a ROCE of 20% in FY26. That is up from a low of 10% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 5.5% net margin and 1.50× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 5.5% net margin × 1.50× asset turnover × 2.32× leverage (assets divided by equity) ≈ 19.1% on equity. The margin does its share; borrowing is a big part of it.

Keltech Energies Ltd had ₹73.0 Cr of borrowings against ₹153 Cr of equity in FY26, so its debt is 0.48× its equity. Its operating profit is 10 times its interest bill. Over 5 years borrowings went from ₹24.0 Cr to ₹73.0 Cr. Over the last 3 of those years it spent ₹107 Cr on assets.

Debt-to-equity shows how much of the business is paid for with borrowed money. Interest cover shows how many times operating profit pays the interest bill. Low debt and high cover are the safe combination.

Part of the spending on assets is being paid for with borrowed money.

No group of Keltech Energies Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.0 points over the same period, to 0.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +0.0 points over 8 quarters, to 54.3%; Domestic institutions: +0.0 points over 8 quarters, to 0.2%.

For Keltech Energies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Keltech Energies Ltd is not present in the sector comparison for Industrial Explosives.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not present in the sector comparison.

Keltech Energies is the 3rd largest of 4 Industrial Explosives companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Solar Industries India and Premier Explosives. Just below it: Beezaasan Explotech.

Industrial Explosives companies close in size

1. Solar Industries India Ltd ₹1,70,121 crore
2. Premier Explosives Ltd ₹2,996 crore
3. Keltech Energies Ltd ₹1,774 crore
4. Beezaasan Explotech Ltd ₹1,202 crore

All 4 Industrial Explosives companies, largest first

Companies close in size in other industries

1300. Khazanchi Jewellers Ltd ₹1,786 crore · Diamond, Gems & Jewellery
1301. Honda India Power Products Ltd ₹1,777 crore · Capital Goods - Electric General
1302. Keltech Energies Ltd ₹1,774 crore
1303. Hindusthan Insulators & Industries Ltd ₹1,760 crore · Electric Equipment - General
1304. I G Petrochemicals Ltd ₹1,760 crore · Chemicals - Organic - Maleic Anhydride

Sector Alpha, written by code from the published numbers. Data as of 18 August 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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