What we do Keltech Energies Limited manufactures industrial explosives, perlite products, and provides cryogenic insulation technology primarily serving mining, steel, horticulture, and construction industries. |
Founded in 1,977 |
Market share Strong presence in Indian explosives and perlite markets with expanding export footprint; partnered with major mining and steel companies. |
Problem solved Provides safer, efficient industrial explosives and insulation materials to improve mining productivity and cryogenic equipment performance while expanding perlite applications. |
Top clients or who we serve Serves mining majors like KIOCL, NMDC, steel company SAIL, construction, horticulture sectors; B2B focus. |
Key management Mahesh Vijay Wataney, Managing Director; Santosh Laxmanrao Chowgule, Executive Director and Vice-Chairperson; notable board with experienced independent directors. |
Our journey and innovations Incorporated in 1977; renamed in 1997; indigenous development of PETN explosives and perlite processing technology; expanded operations across multiple Indian locations. |
Where we operate Manufacturing facilities in Karnataka, Madhya Pradesh, and Maharashtra; exports products internationally. |
Top products or what we offer Industrial explosives, detonating fuses, perlite filter aids, cryogenic insulation systems, and horticulture products. |
Top brands - |
Raw materials needed Raw materials include ammonium nitrate for explosives, perlite ore for expansion, and chemicals for cryogenic insulation. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mix shows ongoing demand in mining and construction sectors; segments like perlite show cyclical trends. |
Our industry position Among leading Indian players in industrial explosives and perlite; expanding export and technology capabilities. |
Financial highlights FY 2024-25 Revenue Rs. 487.79 Cr; Net Profit Rs. 24.94 Cr; Operating Profit Rs. 42.35 Cr; Dividend Rs. 1.50 per share. |
Geographical revenue split Domestic revenue Rs. 388.33 Cr; Export revenue Rs. 74.61 Cr. |
Order book - |
Whats driving growth Growth driven by expanding mining sector, export market penetration, product innovation, and increased perlite demand. |
Our future plans Focus on R&D for explosives and perlite innovations; explore new business diversification opportunities. |
Our green promise - |
Our people and values Values safety, innovation, and integrity; experienced team of blasting engineers and technical experts supporting customers. |
Key challenges ahead Price competition in explosives and market volatility; ensuring technology adoption and meeting safety standards. |
Interesting facts Part of USD 300 million Chowgule Group; imports key emulsion explosives technology from US collaborator ETI Explosives Technologies. |
Risks and strategy Mitigates risks through diversified product lines, strong technical support, and widening customer base including exports. |
