SCPL
Sheetal Cool Products financials
- Market cap
- ₹673 Cr
- Sector
- Fast Moving Consumer Goods
Quarterly results
Q1 FY27: revenue up 17.5%, net profit up 30.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 51 | 94 | 113 | 56 +6% | 64 +25% | 133 +43% | 133 +17% |
| EBITDA | -3 | 6 | 21 | 10 | 6 +309% | 9 +60% | 15 −26% | 14 +34% |
| Net profit | 2 | 2 | 5 | 5 | 2 −29% | 4 +87% | 8 +72% | 7 +31% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +158.9% 1Y
1Y: ₹249.85 on 10 Sept 2025 → ₹646.8. High ₹682.75 (21 Aug 2026), low ₹194.1 (8 Dec 2025).
Financials, as filed
Revenue grew 2.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹340 Cr | ₹353 Cr | ₹321 Cr | ₹366 Cr |
| Operating profit | ₹43 Cr | ₹43 Cr | ₹36 Cr | ₹41 Cr |
| Operating margin | 12.7% | 12.3% | 11.3% | 11.3% |
| Interest | ₹7 Cr | ₹9 Cr | ₹7 Cr | ₹7 Cr |
| Depreciation | ₹10 Cr | ₹9 Cr | ₹8 Cr | ₹9 Cr |
| Net profit | ₹20 Cr | ₹21 Cr | ₹17 Cr | ₹19 Cr |
| Net margin | 6.0% | 5.9% | 5.2% | 5.2% |
| Cash from operations | ₹18 Cr | ₹30 Cr | ₹38 Cr | ₹34 Cr |
| Free cash flow | ₹-3 Cr | ₹14 Cr | ₹20 Cr | ₹16 Cr |
| ROCE | 23.0% | 20.0% | 16.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹44 Cr | ₹63 Cr | ₹83 Cr | ₹104 Cr | ₹128 Cr | ₹146 Cr |
| Borrowings | ₹71 Cr | ₹74 Cr | ₹86 Cr | ₹84 Cr | ₹88 Cr | ₹50 Cr |
| Other liabilities | ₹50 Cr | ₹48 Cr | ₹47 Cr | ₹37 Cr | ₹42 Cr | ₹58 Cr |
| Total liabilities | ₹176 Cr | ₹196 Cr | ₹227 Cr | ₹235 Cr | ₹268 Cr | ₹265 Cr |
| Fixed assets | ₹65 Cr | ₹53 Cr | ₹49 Cr | ₹44 Cr | ₹50 Cr | ₹48 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹110 Cr | ₹143 Cr | ₹178 Cr | ₹191 Cr | ₹218 Cr | ₹216 Cr |
| Total assets | ₹176 Cr | ₹196 Cr | ₹227 Cr | ₹235 Cr | ₹268 Cr | ₹265 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +4.49 pp while the public trimmed −3.75 pp. The shareholder count shrank 30% to 7,597.
- Promoters
- 70.1%
- FIIs
- 0.0%
- DIIs
- 0.1%
- Public
- 29.8%
Since Jun 2025
- Promoters +4.49 pp
- Public −3.75 pp
- DIIs −0.76 pp
How it drifted, 12 quarters
Over this window the public fell from 34.4% to 29.8% — −4.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.6%, Public 34.4%.Dec '23: Promoters 65.6%, FIIs 0.0%, DIIs 0.4%, Public 34.0%.Mar '24: Promoters 65.6%, FIIs 0.0%, DIIs 0.4%, Public 34.0%.Jun '24: Promoters 65.6%, FIIs 0.0%, DIIs 0.4%, Public 34.0%.Sep '24: Promoters 65.6%, FIIs 0.1%, DIIs 0.3%, Public 34.0%.Dec '24: Promoters 65.6%, FIIs 0.0%, DIIs 0.6%, Public 33.8%.Mar '25: Promoters 65.6%, FIIs 0.2%, DIIs 0.6%, Public 33.6%.Jun '25: Promoters 65.6%, DIIs 0.9%, Public 33.5%.Sep '25: Promoters 65.6%, DIIs 0.6%, Public 33.8%.Dec '25: Promoters 65.6%, Public 34.4%.Mar '26: Promoters 67.1%, Public 32.9%.Jun '26: Promoters 70.1%, FIIs 0.0%, DIIs 0.1%, Public 29.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Yash Bhupatbhai Bhuva +3.02 pp 4.49% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Sheetal Cool Products Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sanjay Dakubhai Bhuva | 17.29% | unchanged |
| Kajalben Dineshbhai Bhuva | 15.91% | unchanged |
| Dineshkumar Dakubhai Bhuva | 8.08% | unchanged |
| Nayanaben Bhupatbhai Bhuva | 7.19% | unchanged |
| Asmitaben Sanjaybhai Bhuva | 5.10% | unchanged |
| Dakubhai Jivrajbhai Bhuva | 4.82% | unchanged |
| Shantaben Dakubhai Bhuva | 4.62% | unchanged |
| Yash Bhupatbhai Bhuva | 4.49% | +3.02 pp |
| Bhupatbhai Dakubhai Bhuva | 2.27% | unchanged |
| Zaki Abbas Nasser | 2.14% | −0.76 pp |
| Ektaben Hardikbhai Bhuva | 0.17% | unchanged |
| Hardik Dineshbhai Bhuva | 0.14% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
Growth trapTo justify its price of ₹647, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~-0%. At that growth it is worth ₹212 — downside of 67%.
- Growth the price implies
- 20.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -0.1% a year
- net profit, FY23–FY26 · EPS -0.1%
- The gap
- 0.2 pp
- -67% downside if it only repeats history
Learn to analyse Sheetal Cool Products Limited
Guides on how to read this kind of business and the numbers that matter.