Minerva Capital Research Solutions

S H Kelkar And Company

NSE: SHKBSE: 539450
Compare with peers
₹ 131.00▲ 0.51 (+0.39%)29 Oct, 03:29 pm IST
Market cap
₹ 1,769 Cr.
P/E
38.2x
P/B
1.32x
52-week range
111.98 – 229.83
ROE
4%
ROCE
6%
Dividend yield
0.8%
Debt / equity
0.76
Sector
Chemicals & Petrochemicals
Industry
Specialty Chemicals
Listed on
NSE, BSE

About

S H Kelkar and Company Limited is an India-based company. The Company is a manufacturer of industrial perfumes. Its segments include Fragrance and Flavour. Its fragrance products and ingredients are used as raw material in personal washing, fabric care, skin and hair care, fine fragrances and household products. Its flavor products are used as raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. It offers products under SHK, Cobra and Keva brands. Its aroma products include Camisooth, AloeHeal, AloeHeal, Oleokare, Puniblock, Theo Defense, Vitisdefy, and Pomegranate Seed Oil. The Company also offers support for product development, including formulation development, manufacturing & packaging support, product concept development, regulatory support, quality testing and more. It provides technical services which include cosmetic biotechnology, cosmetic research, and biotechnology and microbiology research.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Specialty Chemicals: 130 companies →

S H Kelkar And Company against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)38.2 against a typical 25.8: pricier than most peers (1st = cheapest).90th of 129
  • Sales growth+14.1% against a typical +25.9% from a year earlier.85th of 112
  • Profit growth+73.1% against a typical +42.4% from a year earlier.39th of 102
  • Share price, 3 months−22.9% against a typical −2.7%.109th of 118
  • Size₹ 1,769 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).35th of 126

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety, with caution

Rated AA- by CRISIL
AA-
DefaultRiskyModerateSafeVery safe
  • CRISIL expects things to get worse (negative outlook).
AgencyCurrent ratingOutlookAs of
CRISILCrisil AA-Negative28 Sep 2026
Credit rating actions
RatingDetails
28 Sep 2026
▼ Outlook cut
Crisil AA-
Outlook Stable → Negative
—CRISIL₹ 372 Cr.
26 Sep 2025
Reaffirmed
Crisil AA-—CRISIL₹ 372 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on S H Kelkar And Company

Also covered in

Sacheerome Ltd.
Company note · 29 Sep 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
2 Nov 2026UpcomingFinancial ResultsNotice of Board Meeting to consider Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026
28 Jul 2026Financial ResultsNotice of Board Meeting to consider Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026
15 May 2026Financial ResultsNotice of Board Meeting to consider Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026
6 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and Interim Dividend on Equity Shares of the Company for FY 2025-26.
7 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
8 Aug 2025Financial ResultsS H KELKAR AND COMPANY LIMITED has informed the Exchange about Board Meeting to be held on 08-Aug-2025 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 30,2025
16 May 2025Financial Results/DividendNotice of Board Meeting to consider Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2025 and to consider and recommend Dividend, if any

Share price

1Y change −40.03%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales455472513470542543567580554584650662
Expenses384396424392462480494507502528589575
Operating Profit727690788064737352556188
OPM %16%16%17%17%15%12%13%13%9%9%9%13%
Other Income220−120211613134731
Interest101010101314131314141515
Depreciation222222222423252627273935
Profit before tax414657−746427973712491569
Tax %27%30%42%17%38%36%−6%30%25%33%88%34%
Net Profit303233−87401810326933245
EPS in Rs2.122.332.45−6.252.871.277.411.850.662.360.133.28

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
10%
5 Years
12%
3 Years
12%
TTM
10%
Compounded Profit Growth
10 Years
−4%
5 Years
−18%
3 Years
−11%
TTM
−64%
Stock Price CAGR
10 Years
−6%
5 Years
2%
3 Years
1%
TTM
—
Return on Equity
10 Years
10%
5 Years
9%
3 Years
7%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
54.87%
−0.16 pts in a year
FIIs
5.92%
−1.04 pts in a year
DIIs
6.01%
+2.64 pts in a year
Public
33.21%
−1.43 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 38.2xEPS (12 months) ₹ 3.41Median P/E 24.7x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
S H Kelkar And Company₹ 131.00₹ 1,769 Cr.38.2x1.3x4%—
Hindustan Unilever₹ 1,820.00₹ 4,27,626 Cr.48.3x10.3x21.5%16.1%
Godrej Consumer Products₹ 851.50₹ 87,134 Cr.54.2x8.7x15.1%12.3%
Marico₹ 764.10₹ 99,347 Cr.62.2x26x43.1%13.3%
Dabur India₹ 366.00₹ 64,927 Cr.40x6.6x17.1%14.2%
Cupid₹ 306.50₹ 41,214 Cr.271.9x64.1x27.3%30.3%

Management

Kedar Ramesh Vaze
Group Chief Executive Officer, Whole Time Director
Jagdish Agarwal
Group Chief Financial Officer
Deepti S. Chandratre
Compliance Officer, Global Legal Counsel , Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.