Sheetal Cool Products Limited (SCPL)

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Sheetal Cool Products Limited (SCPL) · mywealthgrid

About

Sheetal Cool Products Limited operates in dairy products within Consumer Staples, with a market cap of ₹685.7 Cr. Recent quarterly revenue is around ₹132–133 Cr with 11.25% operating margin and conservative leverage (D/E 0.32). The stock has surged 145.83% over the past year, reaching ₹653 from a 52-week low of ₹194.1.

Face value: ₹10

Market cap

₹651 Cr

P/E

31.4×

P/B

4.2×

Dividend yield

ROE

13.3%

ROCE

19.9%

Debt / equity

0.32

OPM

11.3%

EPS (TTM)

₹19.8

Book value

₹149.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation appears stretched: PE 35.88 significantly exceeds ROE 14.09%, implying the stock rally has priced in earnings growth not yet visible. Verify whether recent results and forward guidance justify this multiple.
Revenue and margin volatility: Recent quarters show ₹52–133 Cr in revenue; operating margin has ranged from −5.59% (Sep 2024) to 21.96% (Mar 2025). Establish whether this reflects seasonal demand, capacity constraints, input-cost swings, or operational instability.
Margin compression: Operating margin fell 394 bps from 14.48% (Dec 2025) to 10.54% (Jun 2026). Determine root causes—input costs, pricing pressure, or mix shifts—and assess sustainability.
Minimal institutional participation: FII and DII holdings are near zero (0.02% and 0.1% as of Jun 2026). Verify whether this reflects liquidity or coverage gaps, or concerns among professional investors.

Generated analysis · source review pending

Growth drivers

Year-on-year revenue growth: Jun 2025 (₹112.9 Cr) to Jun 2026 (₹132.64 Cr) is 17.5% growth; Mar 2025 (₹93.55 Cr) to Mar 2026 (₹133.31 Cr) is 42.5%. Verify whether driven by volume, pricing, or product mix.
Financial capacity: D/E ratio of 0.32 is conservative for food processing, providing headroom for capex, working-capital investment, or acquisitions without financial stress.
Dairy sector opportunity: Verify Indian dairy consumption trends and SCPL's addressable market share to assess whether current growth can sustain or accelerate beyond recent rates.
Margin recovery potential: OPM of 11–14% in recent quarters compares to 21.96% in Mar 2025; if input costs stabilize or efficiency improves, significant upside is possible—verify cost drivers.

Generated analysis · source review pending

2,126 historical price candles were omitted because the exchange source has not been verified.

₹620.5-3.2%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.6%
+High promoter holding of 70.1% with no pledge

Cons

−Profit declined 2.2% a year over the last 3 years
−Modest revenue growth of 2.5% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 43
Growth: 46
Valuation: 54

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hatsun Agro Product LimitedHATSUNHATSUN	₹24,900 Cr	₹26,997 Cr	₹9,624 Cr	₹1,166 Cr	11.6%	₹348 Cr	3.2%	18.3%	16.2%	45
Milky Mist Dairy Food LimitedMILKYMISTMILKYMIST	₹23,744 Cr	₹25,416 Cr	₹3,138 Cr	₹429 Cr	13.7%	₹127 Cr	4.1%	15.8%	32.2%	—
Kwality Wall's (India) LimitedKWILKWIL	₹9,013 Cr	₹9,063 Cr	₹2,245 Cr	₹-110 Cr	-4.9%	₹-369 Cr	-16.4%	-24.8%	-54.9%	-47
Dodla Dairy LimitedDODLADODLA	₹6,068 Cr	₹6,098 Cr	₹4,316 Cr	₹291 Cr	7.5%	₹245 Cr	6.5%	17.6%	17.3%	-3
Vadilal Industries LimitedVADILALINDVADILALIND	₹5,175 Cr	₹5,266 Cr	₹1,675 Cr	₹313 Cr	16.6%	₹219 Cr	10.3%	22.7%	22%	148
Heritage Foods LimitedHERITGFOODHERITGFOOD	₹3,739 Cr	₹4,063 Cr	₹4,727 Cr	₹254 Cr	5.9%	₹135 Cr	3.3%	15.8%	14.5%	18
Parag Milk Foods LimitedPARAGMILKPARAGMILK	₹3,316 Cr	₹3,856 Cr	₹3,911 Cr	₹267 Cr	6.7%	₹130 Cr	3.5%	17%	11.8%	84
Vadilal Enterprises LtdVADILENTVADILENT	₹892 Cr	₹937 Cr	₹340 Cr	₹16 Cr	—	₹1 Cr	0.5%	-22.1%	28.4%	36
Sheetal Cool Products LimitedSCPLSCPL	₹651 Cr	₹701 Cr	₹386 Cr	₹45 Cr	11.3%	₹21 Cr	5.2%	19.9%	13.3%	212
Milkfood LtdMLKFOODMLKFOOD	₹205 Cr	₹318 Cr	₹448 Cr	₹24 Cr	5.3%	₹5 Cr	1%	7%	2.6%	49
Modern Dairies LtdMODAIRYMODAIRY	₹153 Cr	₹165 Cr	₹348 Cr	₹14 Cr	2.9%	₹83 Cr	1.4%	13.9%	10.2%	10
Dindigul Farm Product LtdDFPLDFPL	₹72 Cr	₹91 Cr	₹90 Cr	₹8 Cr	8.6%	₹4 Cr	4.1%	9.3%	10%	3

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	340	353	321	366
COGS	227	242	216	256
Gross profit	113	110	106	110
	70	67	69	69
	43	43	36	41
OPM %	12.7%	12.3%	11.3%	11.3%
Depreciation	10	9	8	9
Interest	7	9	7	7
	2	3	1	1
Profit before tax	28	28	23	26
Tax	7	7	6	7
Tax %	26.2%	26.1%	26.4%	26.3%
	20	21	17	19
PAT margin %	6%	5.9%	5.2%	5.2%
EPS (₹)	19.5	19.9	15.8	18.2
EPS adjusted (₹)	19.5	19.9	15.8	18.2
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	11
Reserves	83	104	121	146
	86	84	75	50
	47	37	45	58
Total equity & liabilities	227	235	251	265
	49	44	40	48
CWIP	0	—	—	0
Investments	0	0	0	0
	178	191	211	216
Total assets	227	235	251	265

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	18	30	38	34
	-21	-16	-18	-18
	4	-11	-15	36
Net cash flow	1	3	5	52
Free cash flow	-3	14	20	7
CFO / Operating profit %	40.9%	68.8%	105.1%	83.2%

Compounded sales growth

7 years: —
5 years: —
3 years: 3%
1 year: 14%

Compounded profit growth

7 years: —
5 years: —
3 years: -2%
1 year: 15%

Return on equity

7 years: —
5 years: —
3 years: 14%
Last year: 12%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.2%	31.3%	32.9%	30.1%
EBITDA margin %	12.7%	12.3%	11.3%	11.3%
EBIT margin %	9.8%	9.7%	8.8%	8.8%
PAT margin %	6%	5.9%	5.2%	5.2%
Working capital
Receivable days	3	52	52	36
Inventory days	269	196	250	217
Payable days	40	29	42	40
NWC days	233	218	260	212
Leverage
Current ratio	1.77	1.95	1.97	2.65
Debt to EBITDA	1.99	1.92	2.08	1.21
Debt to equity	0.92	0.73	0.57	0.32
Interest coverage	4.7	4.2	4.4	4.7
Asset turnover	1.5	1.5	1.28	1.38
Return ratios
Return on assets %	9%	8.9%	6.6%	7.2%
Return on capital employed %	27.3%	27.7%	20.3%	19.9%
Return on equity %	21.8%	18.2%	12.6%	12.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.59%	65.59%	65.59%	65.59%	65.59%	65.59%	65.59%	65.59%	65.59%	65.59%	67.07%	70.08%
	0%	0.04%	0.02%	0.01%	0.07%	0.02%	0.2%	0%	0%	0%	0%	0.02%
	0%	0.37%	0.38%	0.38%	0.34%	0.62%	0.6%	0.86%	0.57%	0%	0%	0.1%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.41%	34%	34.01%	34.02%	34%	33.77%	33.61%	33.55%	33.84%	34.41%	32.93%	29.8%
No. of shareholders	—	—	—	—	—	—	—	—	10,874	10,056	9,337	7,597

Promoter holding up 4.49 percentage points since Sep 2023.

32 deals · 28 Sept 2021 – 1 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Jul 2026	UPMOVE FINANCIAL TECHNOLOGIES SERVICES	Bulk	NSE	Buy	72,872	₹532.68	₹3.88 Cr
10 Dec 2025	ZAKI ABBAS NASSER	Bulk	NSE	Sell	80,000	₹265.11	₹2.12 Cr
24 Jan 2025	EVOKE MANAGEMENT SERVICES LLP	Bulk	BSE	Buy	60,102	₹322.05	₹1.94 Cr
16 Jul 2024	KIFS ENTERPRISE	Bulk	NSE	Sell	1,10,000	₹480.00	₹5.28 Cr
16 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	82,269	₹481.90	₹3.96 Cr
16 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	82,269	₹483.21	₹3.98 Cr
15 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	71,113	₹557.81	₹3.97 Cr
15 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	71,113	₹557.87	₹3.97 Cr
15 Jul 2024	NASSER INVESTMENTS	Bulk	NSE	Buy	53,000	₹547.48	₹2.90 Cr
11 Jun 2024	AUGMENTA VALUE TRUST - SCHEME 1	Bulk	NSE	Buy	70,000	₹593.67	₹4.16 Cr

1–10 of 32

1 / 4

Mr. BHUPATBHAI DAKUBHAI BHUVAExecutive Director-Chairperson related to Promoter-MD
Ms. Jinal R. NariaChief Financial Officer
Mr. DINESHKUMAR DAKUBHAI BHUVAExecutive Director
Mr. SANJAY DAKUBHAI BHUVAExecutive Director
Mr. AJAYKUMAR VIPULBHAI MANDANKANon-Executive - Independent Director
Mrs. KIRANBEN NILESHBHAI GAJERANon-Executive - Independent Director
Mr. VIJAYBHAI B DESAINon-Executive - Independent Director
Ms. Rajshri M. IndoriaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sheetal Cool Products Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

30 Sept 2026, 4:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.2%	31.3%	32.9%	30.1%
EBITDA margin %	12.7%	12.3%	11.3%	11.3%
EBIT margin %	9.8%	9.7%	8.8%	8.8%
PAT margin %	6%	5.9%	5.2%	5.2%
Working capital
Receivable days	3	52	52	36
Inventory days	269	196	250	217
Payable days	40	29	42	40
NWC days	233	218	260	212
Leverage
Current ratio	1.77	1.95	1.97	2.65
Debt to EBITDA	1.99	1.92	2.08	1.21
Debt to equity	0.92	0.73	0.57	0.32
Interest coverage	4.7	4.2	4.4	4.7
Asset turnover	1.5	1.5	1.28	1.38
Return ratios
Return on assets %	9%	8.9%	6.6%	7.2%
Return on capital employed %	27.3%	27.7%	20.3%	19.9%
Return on equity %	21.8%	18.2%	12.6%	12.2%

Date	Category	Subject	Filing
30 Sept 2026, 4:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 12:52 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
30 Sept 2026, 12:03 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
29 Sept 2026, 6:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
9 Sept 2026, 6:43 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 9:44 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 9:40 pm	AGM/EGM AGM	Annual General Meeting To Be Held On 29Th September, 2026	PDF
14 Aug 2026, 5:31 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Sheetal Cool Products Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1