Sheetal Cool Products Limited is an India-based company engaged in manufacturing ice cream, milk and milk products, namkeen, bakery and sweet products. The Company's businesses include Sheetal Ice Cream, Sheetal Milk Products, Sheetal Frozen Foods, J'adore Ice Cream and Sheetal Foods. The Company operates through two segments: Milk and Milk Products, and Namkeen Products.
Sheetal Cool Products Limited was founded in 2000 as M/s. Shree Shital Industries, initially as a sole proprietorship. Following further registrations in 2013 and 2017, the company is now a public limited company owned by the Bhuva family. Incorporated in 1987, Sheetal Cool Products Ltd manufactures and sells ice cream, milk and milk products, namkeen, bakery & sweet products.
The company has established itself as a prominent player in the FMCG sector with a diverse product range. It has three ice cream brands: Sheetal, J'Adore and Rich Cream Ice Creams. Its Sheetal ice cream brand offers over 170 products in various categories, such as cups, premium cups, ripple special, sugar free, jamel lassi, kid's special, candies, classic series, sandwich, cakes, tubs, party pack and catering pack.
The Company's frozen food products include pizza, pav bhaji, varieties of parathas, vada pav and chinese bhel. Its bakery products include cookies, khari, rusk, bread and pav. The Company also provides differently flavored sweets and daily used frozen vegetables and other products.
The company operates with ISO certifications and maintains quality standards. SCPL is an ISO 9001:2008 & ISO 22000:2005 Certified FMCG sector company specializing in Ice Creams (made of 100% pure milk) under the brand name of Sheetal and J'adore, Namkeen, Wafer, Fryums, Frozen Items, Milk & Milk Products.
The market cap of Sheetal Cool Products Ltd (SCPL) is ₹363.56 Cr as of 26th May 2025. The 52-week high of Sheetal Cool Products Ltd (SCPL) is ₹634.50 and the 52-week low is ₹262.60.
For the financial year ending March 2025, the company faced challenges in profitability:
- Net profit declined 20.49% to Rs 16.57 crore in the year ended March 2025 as against Rs 20.84 crore during the previous year ended March 2024.
- Sales declined 8.90% to Rs 321.31 crore in the year ended March 2025 as against Rs 352.71 crore during the previous year ended March 2024.
The fourth quarter showed mixed results with revenue growth but profit decline:
- Net profit declined 33.52% to Rs 4.74 crore in the quarter ended March 2025 as against Rs 7.13 crore during the previous quarter ended March 2024.
- Sales rose 10.38% to Rs 93.55 crore in the quarter ended March 2025 as against Rs 84.75 crore during the previous quarter ended March 2024.
The company also reported board meeting outcomes. Sheetal Cool Products approved audited FY25 results with Rs. 1657.92 lakh net profit, unmodified auditor opinion.
- FY 2025 Performance: Net Profit of ₹16.57 crore, Net Sales of ₹321.31 crore
- Q4 FY 2025 Performance: Net Profit of ₹4.74 crore, Net Sales of ₹93.55 crore
- Market Capitalization: ₹363.56 Crore (As of 26th May 2025)
- Promoter Holding: 65.6%
- 52-Week High: ₹634.50
- 52-Week Low: ₹262.60
- Latest PE Ratio: 21.94
- 3-Year Average PE Ratio: 29.11
- Latest EV/EBITDA: 13.85
- 3-Year Average EV/EBITDA: 19.28
The company has faced headwinds in recent years. The company has delivered a poor sales growth of 4.41% over past five years. Additionally, Debtor days have increased from 35.6 to 51.7 days.
Sheetal Cool Prod has grown at ~-26.05% over the last 2 years while peers have grown at a median rate of 41.22%, indicating underperformance compared to industry competitors. The company operates in a competitive FMCG landscape where regional players like Sheetal Cool Products compete with larger national brands. Despite facing growth challenges, the company maintains its position in the ice cream and frozen foods segment with its established brand presence and diverse product portfolio across Gujarat and neighboring regions.
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Sheetal Cool Products has established itself as a prominent player in the FMCG sector with a diverse product range, focusing on ice creams, dairy products, frozen foods, namkeen, and bakery items. It operates three ice cream brands: Sheetal, J'Adore, and Rich Cream Ice Creams, with the Sheetal brand alone offering over 170 SKUs. Its frozen food offerings include convenience items like pizza and pav bhaji, while bakery products cover cookies, rusks, and bread. The company emphasizes quality, holding ISO 9001:2008 and ISO 22000:2005 certifications.
- Promoter Holding: 65.6%
- FII Holding: 0.02%
- DII Holding: 0.38%
- Public Holding: 34.0%
The strong promoter holding indicates family control and commitment to the business.
- Listing Date: 22 Nov, 2022
- Chairperson Name: Bhupatbhai D BHUVA
- Trading Symbols: SCPL (NSE / BSE)
- All-Time High: ₹717.05 (Apr 19, 2023)
- All-Time Low: ₹262.60 (Feb 18, 2025)
The company is relatively new to the public markets, having listed in late 2022. It competes in a dynamic FMCG landscape, aiming to leverage its regional presence and diverse product portfolio across Gujarat and neighboring areas.
