Keltech Energies Ltd.

*Keltech Energies Ltd.*

RB Pattern Formation in Process: Yrly Basis
Price BreakOut Needed. If Sustained, Good to Go!!!
Vol. BuiltUp. Resistance at 1471/1730.

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot:*
Estab. in ’77, part of Goa-based Chowgule Group. Mfgs. Industrial Explosives / Expanded Perlite. Explosive’s Capacity: 1.53 lakh MTPA. Mfg. Units: Karnataka, MP & Maharashtra.
Low gearing levels. Adequate coverage indicators. Low Equity Base.
Improved RoA / RoE / RoCE. PE at 11.4x vs. Ind. PE at 28.1x
Rising Sales / Profitability: Qtrly / Yrly Basis.
Defence Sector Outlook Positive.

*Concern:*
Highly regulated explosives manufacturing industry with high entry barriers.
Moderate scale vis-à-vis industry leaders - Limited bargaining power

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
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