MarketFriction

Sheetal Cool Products Ltd

NSE SCPL · BSE 540757 · Dairy Products
₹620.45 -1.38%
NSE close2026-10-01
52 week range190.03 - 690.00
Market cap₹684 Cr.
P/E33.0
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales70.1762.6584.75123.7552.9951.0193.55112.9055.9163.88133.31132.64
Expenses61.6056.0371.11110.8655.9645.2473.01102.4749.7054.62118.02118.65
Operating Profit8.576.6213.6412.89-2.975.7720.5410.436.219.2615.2913.99
OPM %12.21%10.57%16.09%10.42%-5.60%11.31%21.96%9.24%11.11%14.50%11.47%10.55%
Other Income0.032.22-0.020.4510.190.02-9.900.090.090.230.300.05
Interest2.712.211.971.551.441.542.021.551.561.702.292.29
Depreciation2.382.382.081.931.962.042.021.792.562.252.252.40
Profit before tax3.514.259.579.863.822.216.607.182.185.5411.059.35
Tax %16.52%37.41%25.39%24.54%41.36%3.17%28.18%25.63%26.61%27.62%26.06%25.13%
Net Profit2.922.677.137.442.252.144.745.341.594.018.176.99
EPS in Rs2.782.546.797.092.142.044.515.091.513.827.786.66
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales125155206234259232327340353321366386
Expenses120147192215227209289295308282323341
Operating Profit5814193223384545394345
OPM %3.9%5.0%7%8%13%10%12%13%13%12%12%12%
Other Income001-2173-02-2-01
Interest011356589788
Depreciation24710161511109899
Profit before tax2364138252828222628
Tax %17%26%35%49%24%27%26%26%26%26%26%
Net Profit2342106182021171921
EPS in Rs3.925.043.911.979.345.8117.4719.4819.8515.7818.2119.77
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%10%2%24%
Compounded Profit Growth26%46%-3%43%
Stock Price CAGR%28%16%174%
Return on Equity18%19%16%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital255101010101010101010
Reserves114262838446383104121146
Borrowings9514174652717486847550
Other Liabilities41223435673504847374558
Total Liabilities16234698141173176196227235251265
Fixed Assets121430468292655349444048
CWIP000300000000
Investments000000000000
Other Assets3916495981110143178191211216
Total Assets16234698141173176196227235251265
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2314-019216518303834
Cash from Investing Activity-4-4-20-26-42-25-16-6-21-16-18-18
Cash from Financing Activity2172626113-24-11-15-26
Net Cash Flow001-02-24-3135-10
Free Cash Flow-2-1-6-26-23-3-10-1-3142016
CFO/OP58%66%189%8%117%73%32%14%55%95%113%92%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days136515369233525236
Inventory Days2716308484105216178269196250217
Days Payable221944636673734140294240
Cash Conversion Cycle7-0-8263367151160233218260212
Working Capital Days23-1113192950667989103131
ROCE %23%24%20%14%19%9%22%23%20%16%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.59%65.59%65.59%65.59%65.59%65.59%65.59%65.59%65.59%65.59%67.07%70.08%
FIIs0.00%0.04%0.02%0.01%0.07%0.02%0.21%0.00%0.00%0.00%0.00%0.02%
DIIs0.00%0.37%0.38%0.38%0.34%0.62%0.60%0.86%0.57%0.00%0.00%0.10%
Public34.41%34.00%34.01%34.02%33.99%33.78%33.60%33.55%33.83%34.40%32.92%29.80%
No. of Shareholders9,37910,37911,78910,37510,66710,84311,33010,90810,87410,0569,3377,597

Fundamentals

Market Cap₹ 684 Cr.
Current Price₹ 641
Stock P/E33.0
Book Value₹ 149
ROCE17.0 %
ROE13.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)24%
Compounded Profit Growth (TTM)43%
Standalone figures.
Valuation
Market capRs 651 Cr
Enterprise valueRs 701 Cr
P/E (TTM)31.38x
Price to book4.15x
Price to sales1.69x
EV / EBITDA15.43x
EV / EBIT19.49x
EV / sales1.82x
Price to cash flow19.02x
Earnings yield3.19%
P/E, 3-year average18.18x
P/B, 3-year average2.60x
P/E, 5-year average20.77x
P/B, 5-year average3.86x
Profitability
Operating margin (excl. other income)11.82%
Operating margin (incl. other income)11.71%
EBITDA margin11.77%
Pre-tax margin7.29%
Net profit margin5.38%
Net margin, latest quarter5.27%
ROE13.28%
ROCE16.47%
ROA7.42%
ROE, 3-year average15.60%
ROCE, 3-year average16.86%
ROA, 3-year average7.76%
ROE, 5-year average19.99%
ROCE, 5-year average18.77%
ROA, 5-year average8.56%
ROIC (approx.)12.85%
Tax rate26.32%
Other income / net worth-0.25%
Growth
Sales growth (latest year)13.91%
Profit growth (latest year)15.39%
Sales CAGR, 3 years2.46%
Sales CAGR, 5 years9.56%
Profit CAGR, 3 years-2.22%
Profit CAGR, 5 years25.67%
Sales growth QoQ-0.50%
Profit growth QoQ-14.44%
Sales growth YoY (latest quarter)17.48%
Profit growth YoY (latest quarter)30.90%
Per share
EPS (TTM)Rs 19.77
EPS (latest year)Rs 18.21
EPS (latest quarter)Rs 6.66
EPS, 3-year averageRs 17.95
EPS, 5-year averageRs 18.16
Book value per shareRs 149.44
Sales per shareRs 367.37
Cash flow per shareRs 32.63
Free cash flow per shareRs 15.24
Efficiency
Asset turnover1.38x
Fixed asset turnover7.59x
Inventory turnover1.87x
Inventory days195 days
Debtor days36 days
Debtors turnover10.26x
Creditor days40 days
Cash conversion cycle212 days
Working capital days131 days
Leverage
Total debtRs 50 Cr
Cash and bankRs 1 Cr
Net debtRs 49 Cr
Debt to equity0.32x
Net debt / EBITDA1.09x
Interest coverage4.59x
Current ratio (filing 2026-03-31)2.65x
Quick ratio (filing 2026-03-31)0.74x
Trade payables (filing 2026-03-31)Rs 28 Cr
Owners' fund to total sources59.31%
Debt to assets18.83%
Cash flow
Cash from Operating Activity (latest year)Rs 34 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -26 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Cash from ops / profit, 5 years1.32x
Sales to cash flow10.68x
Statement figures
Net sales (TTM)Rs 386 Cr
Net sales (latest year)Rs 366 Cr
Sales (latest quarter)Rs 133 Cr
Operating profit excl. other income (latest year)Rs 43 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 45 Cr
PBDT (TTM)Rs 38 Cr
Profit before tax (TTM)Rs 28 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 21 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 284 Cr
Total expenditure (latest year)Rs 323 Cr
Total income (latest year)Rs 366 Cr
Share capitalRs 10 Cr
ReservesRs 146 Cr
Shareholders' fundsRs 157 Cr
Total assetsRs 265 Cr
Net blockRs 48 Cr
ReceivablesRs 36 Cr
InventoryRs 152 Cr
Other liabilitiesRs 58 Cr
Shares outstanding (crore)1.05
Ownership
Promoter holding70.08% (+4.49 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 31.4 is at the 61th percentile of its own 9.0-year range (median 26.6, low 11.7, high 93.6).
P/B 4.15 is at the 62th percentile (median 3.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSCPLNifty 50Difference
1 week-1.6%-2.8% +1.2 pts
1 month-3.7%-6.8% +3.1 pts
3 months+10.5%-7.6% +18.1 pts
6 months+99.4%+0.4% +99.0 pts
1 year+157.9%-9.9% +167.8 pts
2 years+61.9%-13.6% +75.4 pts
3 years+49.7%+14.2% +35.6 pts
5 years+177.5%+27.9% +149.6 pts

Red flags

F-score 7 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹133 Cr +17.5% vs Jun 2025. Net profit ₹7 Cr +30.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-29Annual General Meeting
2023-09-22Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-30Investor PresentationInvestor Presentation
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-24Concall / analyst meetSchedule of meet
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-04UpdatesResponse to the query and submitting financial results for the period ended 30-Jun-2026 in Machine Readable Form
2026-08-13Board meeting outcomeSheetal Cool Products Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-05Volume querySignificant increase in volume has been observed in Sheetal Cool Products Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-07-31Volume querySignificant increase in volume has been observed in Sheetal Cool Products Limited. The Exchange, in order to ensure that investors have latest relevan...
2026-06-25Order winBagging/Receiving of orders/contracts
2026-06-12Disclosure under SEBI TakeovSanjaybhai Bhuva, Bhupatbhai Bhuva,, Dineshbhai Bhuva, Asmitaben Bhuva, Kajalben Bhuva, Nayanben Bhuva has Submitted to the Exchange a copy of Disclos...
2026-06-01General UpdatesDisclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 for New Manufacturing Unit
2026-05-21Board meeting outcomeSheetal Cool Products Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-21Board meeting outcomeSheetal Cool Products Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-03Shareholder meetingVoting results.
2026-03-27General UpdatesDisclosure pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 for Launch of New Ice Cream Café
2026-03-02Shareholder meetingNotice of Postal Ballot
2026-02-26AppointmentAppointment of Appointment of M/s. Pitroda Nayan & Co., Company Secretaries as Secretarial Auditor of the Company of the company w.e.f. February 26,...
2026-02-26AllotmentAllotment of 840000 convertible warrants pursuant to Preferential Issue at its meeting held on February 26, 2026
2026-02-26Board meeting outcomeOutcome of Board Meeting held on February 26, 2026.
2026-02-12Board meeting outcomeSheetal Cool Products Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-06Shareholder meetingSheetal Cool Products Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on February 05, 2026
2026-02-05Shareholder meetingProceedings of Extraordinary General Meeting held on February 05, 2026
2026-01-30Corrigendum02nd Corrigendum to Notice of Extra Ordinary General Meeting
2026-01-23CorrigendumCorrigendum to Notice of Extra Ordinary General Meeting to be held on February 05, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03