Keltech Energies Ltd. – Company Report
1. Company Overview
Keltech Energies Ltd., incorporated in 1977 and headquartered in Bangalore, Karnataka, is a leading manufacturer of cartridge explosives, bulk emulsion explosives, MMAN solutions, and industrial accessories. It also operates as a key player in expanded perlite, filter aids, and cryogenic insulation technologies. Part of the diversified Chowgule Group, Keltech serves critical industries such as mining, LNG, industrial gases, pharmaceuticals, agriculture, and construction. With a strong technological backbone and ISO-certified operations, the company is known for reliability, safety, and high-performance industrial materials.
- Incorporated: 1977
- Headquarters: Bangalore, Karnataka
- Parent Group: Chowgule Group
- Certifications: ISO 9001 QMS, ISO 14001 EMS, OHSAS 18001, FSSAI, HALAL, KOSHER
- Employees: ~450–500
- Market Cap (July 2025): ~₹410 crore
- Core Businesses: Explosives, Perlite & Filter Aids, Cryogenic Insulation
2. Products and Services
Industrial Explosives & Accessories:
- Cartridge and bulk emulsion explosives
- MMAN solutions (Mono Methyl Amine Nitrate)
- Detonators and blasting accessories
Expanded Perlite & Filter Aids:
- High-performance perlite for filtration across food, pharma, beverages, and chemicals
- Diatomite-based and custom filter aid solutions
Cryogenic Insulation:
- Specialized insulation products for LNG, LOX, LIN, LAR, ethylene, and other cryogenic applications
- Used in plant infrastructure and storage tanks
Horticulture Solutions:
- Vermiculite, coco peat, and enriched growing media
- Used in greenhouses, nurseries, and soil conditioning
Custom Explosive Solutions:
- Tailored offerings for mining, tunneling, infrastructure, and construction sectors
3. Recent News and Developments
Key Milestones:
- April 16, 2025 Keltech Energies takes a unsecured loan from Dolphin Investment Limited. The nature of this deal is an inter-corporate loan, with the value of the deal being limited to ₹15 Crores. The loan is without security and has an interest rate of 10.05%. The loan term is 5 years, with an option for extension as mutually agreed if needed.
- Commissioned state-of-the-art Perlite Filter Aid Plant at Vishwasnagar, boosting filtration product capacity.
- Involved in the ISPRL Cavern and Petronet LNG top-up projects, showcasing industrial-scale cryogenic expertise.
- Strengthening its presence in agri-tech, pharma, and specialty filtration markets.
- Expanded reach across industrial, infrastructure, and energy verticals through automation and product diversification.
4. Financial Performance (FY2025)
| Metric | FY2025 |
|---|---|
| Total Revenue | ₹487.8 crore |
| Net Profit | ₹24.94 crore |
| Operating Profit (EBITDA) | ₹36 crore |
| Operating Margin | 7% |
| Net Profit Margin | 5% |
| EPS | ₹249.4 |
| ROE | 22.2% |
| Dividend Payout % | 1% |