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S H Kelkar and Company Limited

S H Kelkar and Company Limited

NSE: SHK
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹1.89k Cr
₹136.61₹0.48 (+0.35%)

Market Closed • NSE

Market cap₹1.89k Cr
Enterprise value₹2.85k Cr
P/E TTM21.38
Forward P/E13.94
P/B1.39
EPS TTM₹6.39
Forward EPS₹9.80
ROCE5.85%
D/E0.76
Dividend yield0.01%
Face value₹10.00
52W high₹231.28
52W low₹111.98
Price chart(1Y)
1Y Return:+8.84% (+₹11.09)
H: ₹177.06L: ₹120.61
1W-0.59%
1M-4.85%
3M+5.97%
6M-5.22%
1Y-39.81%
Today at a glance

Day range

₹135.11₹139.00

52 week range

₹111.98₹231.28
Volume182.4K0.54x 20D avg
Free float50.00%-45.90% volume

S H Kelkar and Company Limited closed at INR136.61 (+0.35%) on volume 0.54x its 20-day average, trading 40.93% below its 52-week high.

Technical analysis
RSI (14)41.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.59High
SMA 20₹139.04BEARISH
SMA 50₹150.83BEARISH
SMA 100₹142.45BEARISH
SMA 200₹145.50BEARISH
CPR bottom₹139.94
Pivot₹138.67
CPR top₹137.40
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +2150% QoQ

2026-02-13

DIVIDEND Announced

Interim Dividend - Re 1 Per Share

2025-08-01

DIVIDEND Announced

Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.03k Cr₹1.89k Cr54.41%≤ 33%FAIL
Non-halal income ratio–₹2.36k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.85k Cr₹2.91k Cr97.79%≥ 20%PASS
Receivables ratio–₹2.91k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E21.3821.40
Forward P/E13.94—
P/B1.392.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.704.70
Growth & profitability
RevenuePAT
FY25PAT margin 3.40%
FY26PAT margin —

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.60%
Revenue CAGR 5Y+2.20%
PAT CAGR 3Y-1.80%
PAT CAGR 5Y-1.10%
Operating margin8.08%
Net margin3.64%
Financial health & cash flow
Net debt₹964.6 CrModerate
Interest coverage2.20xEBIT / interest
CFO / PAT3.81x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹263.1 Cr
Capital expenditure–
Free cash flow₹56.7 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 3.81x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
12.60%Institutional holding
32.53%Public holding
5Periods available
0.00%Promoter pledged
53.91KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
13 Feb 2026Dividend₹1.00 / share—13 Feb 2026
01 Aug 2025Dividend₹1.00 / share—01 Aug 2025
12 Apr 2024Dividend₹0.75 / share—12 Apr 2024
—Dividend₹2.00 / share—03 Aug 2023
—Dividend₹0.75 / share—02 Aug 2022
12 Nov 2021BuybackBuyback—11 Nov 2021
—Dividend₹0.75 / share—02 Aug 2021
20 Nov 2020Dividend₹1.00 / share—19 Nov 2020
—Annual General MeetingAnnual General Meeting—24 Aug 2020
27 Mar 2020Dividend₹0.95 / share—26 Mar 2020
—Annual General MeetingAnnual General Meeting—01 Aug 2019
20 Jun 2019BuybackBuyback—19 Jun 2019
—Dividend₹1.75 / share—01 Aug 2018
—Dividend₹1.75 / share—02 Aug 2017
—Annual General MeetingAnnual General Meeting—28 Jul 2016
18 Mar 2016Dividend₹1.50 / share—17 Mar 2016
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)51.90%-3.62% latest vs average
Highest delivery68.16%on 16 Sept
Average volume (20D)347.8KTrading-session average
Conviction trendWeakening-3.62% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

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UltraTech Cement LimitedULTRACEMCO
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JSW Steel Limited
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Open analysis
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Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.30L13.462.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L47.081.19%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.17L19.642.33%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.00L12.210.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.96L34.470.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.880.06%₹3,668.00₹666.00+70.29%+88.67%
About S H Kelkar and Company Limited
S H Kelkar and Company Limited

S H Kelkar and Company Limited is engaged in manufacture, supply and exports of fragrances and aroma ingredients[1] It is the largest domestic fragrance producer in India and the only company of Indian origin to file patents in the field of Fragrance & Novel aroma molecules.

IndiaBasic Materials

Questions investors ask
Is S H Kelkar and Company Limited Shariah compliant?

S H Kelkar and Company Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (54.41%) exceeds AAOIFI threshold (≤ 33%).

What is S H Kelkar and Company Limited's current valuation relative to peers?

S H Kelkar and Company Limited trades at a P/E of 21.4x compared to the sector median of 21.4x, and a Price-to-Book of 1.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.76x. Interest coverage is 2.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.2% while net profit growth averaged -1.1%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.