S H Kelkar & Co.

  • Market Cap: Small Cap
  • Industry: Specialty Chemicals
  • ISIN: INE500L01026
  • NSEID: SHK
  • BSEID: 539450
INR
119.70
-1.5 (-1.24%)
BSENSE

Mar 16

BSE+NSE Vol: 5.55 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

5.55 lacs (11.88%) Volume

Shareholding (Dec 2025)

FII

6.79%

Held by 54 FIIs

DII

0.46%

Held by 7 DIIs

Promoter

54.87%

Has S H Kelkar & Co. declared dividend?

06-Jun-2025

S H Kelkar & Company Ltd has declared a 7% dividend, amounting to 0.7 per share, with an ex-date of April 12, 2024. Despite the dividend declaration, the dividend yield is 0%, but the company has shown significant total returns over various periods, particularly in the long term.

S H Kelkar & Company Ltd has declared a 7% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 7%<BR>- Amount per share: 0.7<BR>- Ex-date: 12 Apr 2024<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the past 6 months, the price return was -12.24%, with a dividend return of 0%, resulting in a total return of -12.24%.<BR><BR>Over the last year, the price return was 27.73%, the dividend return was 0%, leading to a total return of 27.73%.<BR><BR>In the 2-year period, the price return was 104.52%, with a dividend return of 2.32%, culminating in a total return of 106.84%.<BR><BR>For the 3-year period, the price return was 89.96%, the dividend return was 2.51%, which resulted in a total return of 92.47%.<BR><BR>In the 4-year period, the price return stood at 54.59%, with a dividend return of 2.33%, leading to a total return of 56.92%.<BR><BR>Finally, over the past 5 years, the price return was 245.75%, the dividend return was 7.50%, resulting in a total return of 253.25%.<BR><BR>Overall, while S H Kelkar & Company Ltd has declared a dividend, the dividend yield remains at 0%. The total returns over various periods show significant growth, particularly over the longer term, indicating a positive trend in the company's performance despite recent fluctuations.

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Who are the peers of the S H Kelkar & Co.?

03-Jun-2025

Peers of S H Kelkar & Co. include Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Nocil, Foseco India, Bhansali Engg., Fineotex Chem, and DDev Plastiks. S H Kelkar & Co. has average management risk and growth, with a 1-year return of 30.74%.

Peers: The peers of S H Kelkar & Co. are Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Nocil, Foseco India, Bhansali Engg., Fineotex Chem, and DDev Plastiks.<BR><BR>Quality Snapshot: Excellent management risk is observed at Pidilite Inds., SRF, and Foseco India, while Good management risk is found at Fineotex Chem and the rest. Average management risk is noted at Gujarat Fluoroch, Himadri Special, S H Kelkar & Co., Nocil, Bhansali Engg., and DDev Plastiks. Excellent growth is seen at Deepak Nitrite and Himadri Special, while Average growth is observed at Pidilite Inds., Fineotex Chem, and the rest. Below Average growth is found at Gujarat Fluoroch, S H Kelkar & Co., Nocil, Deepak Nitrite, and the rest. Excellent capital structure is noted at Pidilite Inds., SRF, Deepak Nitrite, Nocil, Foseco India, and Bhansali Engg., while Good capital structure is found at Himadri Special and S H Kelkar & Co.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Himadri Special at 41.00%, while the lowest is Nocil at -24.02%. S H Kelkar & Co. has a 1-year return of 30.74%, which is higher than Nocil but lower than Himadri Special. Additionally, the peers with negative six-month returns include Deepak Nitrite, Nocil, Fineotex Chem, and DDev Plastiks.

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Who are in the management team of S H Kelkar & Co.?

16-Jul-2025

As of March 2023, the management team of S H Kelkar & Co. includes Ramesh Vinayak Vaze (Chairman), Kedar Ramesh Vaze (Whole-time Director), and several non-executive and independent directors, overseeing the company's operations and governance.

As of March 2023, the management team of S H Kelkar & Co. includes the following individuals:<BR><BR>1. Ramesh Vinayak Vaze - Chairman (Non-Executive)<BR>2. Prabha Ramesh Vaze - Non-Executive & Non-Independent Director<BR>3. Kedar Ramesh Vaze - Whole-time Director<BR>4. Shrikant Oka - Non-Executive & Independent Director<BR>5. Mark Elliott - Non-Executive & Independent Director<BR>6. Vasant Gujarathi - Independent Director<BR>7. Neela Bhattacherjee - Independent Director<BR>8. Rohit Saraogi - Company Secretary & Compliance Officer<BR>9. Deepak Raj Bindra - Non-Executive & Independent Director<BR><BR>This team comprises a mix of executive and non-executive members, including independent directors, overseeing the company's operations and governance.

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What does S H Kelkar & Co. do?

17-Jul-2025

S H Kelkar & Company Ltd is India's largest fragrance and flavour company, operating in the specialty chemicals sector. As of March 2025, it reported net sales of ₹5,674 Cr and a net profit of ₹1,025 Cr, with a market cap of ₹3,301 Cr.

Overview: <BR>S H Kelkar & Company Ltd is the largest Indian-origin fragrance and flavour company in India, operating within the specialty chemicals industry and categorized as a small-cap company.<BR><BR>History: <BR>The company was incorporated on July 1, 1955, in Mumbai. It took over businesses previously operated by Mr. V.G. Vaze and the firm M/s Saraswati Chemical Works. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 5,674 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 1,025 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 3,301 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 25.00 <BR>Industry P/E: 47 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.59 <BR>Return on Equity: 10.60% <BR>Price to Book: 2.54<BR><BR>Contact Details: <BR>Address: Devkaran Mansion, 36 Mangaldas Road Mumbai Maharashtra : 400002 <BR>Phone: 91-22-21649163 <BR>Email: investors@keva.co.in <BR>Website: http://www.keva.co.in

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Who are the top shareholders of the S H Kelkar & Co.?

17-Jul-2025

The top shareholders of S H Kelkar & Co. include the Ramesh Vinayak Vaze Family Trust with 19.51%, institutional investors holding 10.98% (including 7.22% from FIIs), and individual investors at 18.6%, reflecting a strong promoter presence alongside diverse institutional and public participation.

The top shareholders of S H Kelkar & Co. include a mix of promoters, institutional investors, and individual shareholders. The majority of the shares are held by promoters, with the Ramesh Vinayak Vaze Family Trust being the largest individual shareholder, holding 19.51%. <BR><BR>In terms of institutional holdings, mutual funds collectively hold 2.76% through four schemes, while foreign institutional investors (FIIs) have a stake of 7.22% across 57 entities. The highest public shareholder is Firmenich Aromatics Production (India) Pvt Ltd, which holds 10.2%. Additionally, individual investors account for 18.6% of the shareholding. <BR><BR>Overall, the ownership structure reflects a strong presence of promoter holdings alongside significant participation from institutional and individual investors.

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How big is S H Kelkar & Co.?

24-Jul-2025

As of 24th July, S H Kelkar & Company Ltd has a market capitalization of 3,650.00 Cr, with recent Net Sales of 2,123.40 Cr and a Net Profit of 73.24 Cr. The company has Shareholder's Funds of 1,271.96 Cr and Total Assets of 2,659.80 Cr as of March 2025.

As of 24th July, S H Kelkar & Company Ltd has a market capitalization of 3,650.00 Cr, categorizing it as a Small Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 2,123.40 Cr and a Net Profit of 73.24 Cr.<BR><BR>As of March 2025, the company has Shareholder's Funds amounting to 1,271.96 Cr and Total Assets of 2,659.80 Cr.

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Is S H Kelkar & Co. overvalued or undervalued?

11-Nov-2025

As of November 10, 2025, S H Kelkar & Co. is considered very attractive and undervalued in the specialty chemicals industry, with a PE ratio of 27.97 and a Price to Book Value of 0.20, especially compared to its expensive peers like Solar Industries and Gujarat Fluorochemicals, despite a year-to-date stock decline of 23.35%.

As of 10 November 2025, the valuation grade for S H Kelkar & Co. has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, particularly in comparison to its peers in the specialty chemicals industry. Key ratios include a PE ratio of 27.97, an EV to EBITDA of 30.82, and a Price to Book Value of 0.20, which suggest that the company is trading at a lower valuation relative to its earnings and assets.<BR><BR>In contrast, peers such as Solar Industries and Gujarat Fluorochemicals are classified as very expensive, with PE ratios of 96.11 and 62.86, respectively. This highlights S H Kelkar & Co.'s relative attractiveness in the market. Despite recent stock performance trailing the Sensex, with a year-to-date decline of 23.35% compared to the Sensex's gain of 6.91%, the company's strong valuation metrics suggest it may present a compelling investment opportunity moving forward.

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How has been the historical performance of S H Kelkar & Co.?

26-Nov-2025

S H Kelkar & Co. has shown consistent growth in net sales, reaching 2,123.40 crore in March 2025, but profitability metrics have declined, with profit after tax dropping to 75.46 crore from 123.80 crore the previous year. Total assets and liabilities increased, indicating a rise in debt to 744.85 crore, while cash flow from operating activities decreased.

Answer:<BR>The historical performance of S H Kelkar & Co. shows a consistent growth trend in net sales and total operating income over the past several years, culminating in net sales of 2,123.40 crore in March 2025, up from 1,840.83 crore in March 2024 and 1,686.52 crore in March 2023. The total operating income followed a similar trajectory, reaching 2,123.40 crore in March 2025. However, the total expenditure also increased, amounting to 1,826.39 crore in March 2025, compared to 1,537.58 crore in March 2024. Operating profit, excluding other income, was 297.01 crore in March 2025, slightly down from 303.25 crore in the previous year, while the overall operating profit stood at 320.86 crore. Profit before tax decreased to 116.19 crore in March 2025 from 183.28 crore in March 2024, leading to a profit after tax of 75.46 crore, down from 123.80 crore. The earnings per share also declined to 5.29 in March 2025 from 8.84 in March 2024. <BR><BR>In terms of assets and liabilities, total assets increased to 2,659.80 crore in March 2025 from 2,380.68 crore in March 2024, with total liabilities also rising to 2,659.80 crore. The company’s total debt rose to 744.85 crore in March 2025, compared to 616.92 crore in March 2024. Cash flow from operating activities showed a decrease to 107.00 crore in March 2024 from 196.00 crore in March 2023, while net cash inflow was positive at 32.00 crore in March 2024, following a negative outflow in the previous year. Overall, while S H Kelkar & Co. has demonstrated growth in sales and operating income, profitability metrics have shown volatility, and the increase in liabilities and debt warrants attention.<BR><BR>Breakdown:<BR>S H Kelkar & Co. has shown a steady increase in net sales, reaching 2,123.40 crore in March 2025, up from 1,840.83 crore in March 2024. This growth in total operating income mirrors the sales trend, with a total of 2,123.40 crore reported in March 2025. However, total expenditure also rose to 1,826.39 crore, impacting profitability. Operating profit, excluding other income, was slightly lower at 297.01 crore in March 2025 compared to 303.25 crore in March 2024, while the overall operating profit was 320.86 crore. Profit before tax saw a significant drop to 116.19 crore, resulting in a profit after tax of 75.46 crore, down from 123.80 crore the previous year. The earnings per share decreased to 5.29 from 8.84. On the balance sheet, total assets increased to 2,659.80 crore, with total liabilities also rising to the same figure, indicating a growing debt level of 744.85 crore. Cash flow from operating activities decreased to 107.00 crore, reflecting a challenging cash flow environment despite a positive net cash inflow of 32.00 crore in March 2024.

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Is S H Kelkar & Co. technically bullish or bearish?

27-Nov-2025

As of November 26, 2025, S H Kelkar & Co. is in a bearish trend with moderate strength, indicated by bearish signals from the weekly MACD, Bollinger Bands, and daily moving averages, while monthly indicators show mild bearishness.

As of 26 November 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with a moderate strength. Key indicators driving this stance include the weekly MACD and Bollinger Bands both signaling bearish conditions, along with daily moving averages also indicating a bearish trend. The monthly MACD and KST are mildly bearish, suggesting some weakness but not a strong sell signal. The Dow Theory shows no trend on a weekly basis but is mildly bearish on a monthly basis. Overall, the combination of these indicators points to a bearish outlook for S H Kelkar & Co.

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When is the next results date for S H Kelkar & Company Ltd?

28-Jan-2026

The next results date for S H Kelkar & Company Ltd is February 6, 2026.

The next results date for S H Kelkar & Company Ltd is scheduled for February 6, 2026.

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Are S H Kelkar & Company Ltd latest results good or bad?

07-Feb-2026

S H Kelkar & Company Ltd's latest results show strong revenue growth and a significant profit recovery, but declining operating margins and ongoing cost pressures indicate challenges ahead. While the short-term performance is positive, caution is advised due to long-term concerns about capital efficiency and leverage.

S H Kelkar & Company Ltd's latest results present a mixed picture. On one hand, the company achieved net sales of ₹583.80 crores, reflecting a 5.40% sequential increase and a 7.47% year-on-year growth, marking the highest quarterly revenue in its recent history. Additionally, the net profit saw a dramatic recovery, rising 255.77% quarter-on-quarter to ₹32.66 crores, which is a significant improvement compared to the previous quarter's poor performance.<BR><BR>However, there are notable concerns. The operating margin, excluding other income, contracted to 9.65% from 11.94% in the same quarter last year, indicating ongoing cost pressures that are affecting profitability. Furthermore, while the profit after tax margin improved to 5.61%, it remains below historical performance levels.<BR><BR>Overall, while the revenue and profit recovery are positive signs, the contraction in margins and persistent operational challenges suggest that the company is still navigating a difficult environment. The financial metrics indicate that caution is warranted, as the company's long-term trends show signs of deterioration, particularly in capital efficiency and leverage.

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Should I buy, sell or hold S H Kelkar & Company Ltd?

26-Feb-2026

Why is S H Kelkar & Company Ltd falling/rising?

14-Mar-2026

As of 13-Mar, S H Kelkar & Company Ltd's stock price is declining, currently at Rs. 121.20, with a significant drop of -8.87% over the last three days and a year-to-date decline of -32.31%. The company's poor financial performance, including a -54.4% drop in profit after tax, contributes to its underperformance compared to the benchmark Sensex.

As of 13-Mar, S H Kelkar & Company Ltd is experiencing a decline in its stock price, currently at Rs. 121.20, which reflects a change of -8.05 (-6.23%). The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total decline of -8.87% during this period. Additionally, the stock hit a new 52-week low of Rs. 120.3 today.<BR><BR>The company's performance over various time frames indicates a troubling trend, with a 1-month decline of -27.47% and a year-to-date drop of -32.31%. In comparison, the benchmark Sensex has only fallen by -12.50% year-to-date, highlighting the stock's underperformance relative to the market. The stock's performance has also been poor over the past year, generating a return of -29.12%, while the Sensex has gained +1.00%.<BR><BR>Several factors contribute to this decline. The company's financial results have shown significant deterioration, with a -54.4% drop in profit after tax compared to the previous four-quarter average. Furthermore, the return on capital employed (ROCE) has reached a low of 7.42%, indicating weak profitability. The stock is trading below its moving averages across various time frames, suggesting a bearish trend.<BR><BR>Moreover, the chemicals sector, in which S H Kelkar operates, has also seen a decline of -2.38%, further impacting investor sentiment. Despite a rise in delivery volume, indicating increased investor participation, the overall market conditions and the company's financial struggles are leading to a negative outlook for the stock.

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Why is S H Kelkar & Company Ltd falling/rising?

15-Mar-2026

As of 14-Mar, S H Kelkar & Company Ltd's stock price is declining at 121.20, down 6.23%, hitting a new 52-week low. The stock has significantly underperformed the market, with a year-to-date decline of -32.31% and concerning financial results, including a -54.4% drop in profit after tax.

As of 14-Mar, S H Kelkar & Company Ltd is experiencing a decline in its stock price, currently at 121.20, which reflects a change of -8.05 (-6.23%). This downward movement is attributed to several factors. The stock has hit a new 52-week low of Rs. 120.3 today and has been on a consecutive decline for the last three days, resulting in a total drop of -8.87% during this period. <BR><BR>In terms of performance, the stock has significantly underperformed compared to the broader market, with a 1-week decline of -9.65% against the Sensex's -5.52%. Over the past month, the stock has fallen by -27.47%, while the Sensex has only decreased by -9.76%. Year-to-date, S H Kelkar has seen a decline of -32.31%, compared to the Sensex's -12.50%. <BR><BR>The company's financial performance has also been concerning, with a reported profit after tax (PAT) decline of -54.4% compared to the previous four-quarter average, indicating poor profitability. Additionally, the stock has underperformed in terms of returns over the last year, generating -29.12%, while the BSE500 has shown positive growth.<BR><BR>Moreover, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The chemicals sector, in which S H Kelkar operates, has also seen a decline of -2.38%, further contributing to the stock's poor performance. Despite a rise in investor participation, as evidenced by a 68.89% increase in delivery volume, the overall sentiment remains negative due to the company's weak financial indicators and market performance.

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Why is S H Kelkar & Company Ltd falling/rising?

16-Mar-2026

As of 15-Mar, S H Kelkar & Company Ltd's stock price is declining, currently at Rs. 121.20, reflecting a significant drop of -8.05% and a 52-week low of Rs. 120.3. The company is facing poor financial performance, with profits down -31.6% over the past year and negative market sentiment contributing to its persistent downward trend.

As of 15-Mar, S H Kelkar & Company Ltd is experiencing a decline in its stock price, currently at Rs. 121.20, which reflects a change of -8.05 (-6.23%). The stock has been underperforming significantly, with a 1-week decline of -9.65% and a 1-month drop of -27.47%, compared to the Sensex, which has fallen by -5.52% and -9.76% respectively during the same periods. <BR><BR>Today, the stock hit a new 52-week low of Rs. 120.3, indicating a bearish trend. It has been losing value for the last three days, accumulating a total decline of -8.87% in that timeframe. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a persistent downward trend. Additionally, the chemicals sector, in which the company operates, has also seen a decline of -2.38%, contributing to the negative sentiment surrounding the stock.<BR><BR>Despite a rise in investor participation, with delivery volume increasing by 68.89% on March 12, the overall performance remains weak. The company's financials show a concerning trend, with profits falling by -31.6% over the past year, and a return on capital employed (ROCE) of only 7.6%, which is considered low. The company's net sales growth has been modest at an annual rate of 13.83% over the last five years, and operating profit growth has been negligible at 0.70%. <BR><BR>The negative results reported for the December quarter, including a -44.6% decline in profit before tax and a -54.4% drop in profit after tax compared to previous quarters, further exacerbate the situation. Overall, the combination of poor financial performance, underperformance relative to benchmarks, and negative market sentiment are key factors contributing to the decline in S H Kelkar & Company Ltd's stock price.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Poor long term growth as Net Sales has grown by an annual rate of 13.83% and Operating profit at 0.70% over the last 5 years

 
2

Negative results in Dec 25

3

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Specialty Chemicals

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Market cap

INR 1,670 Cr (Small Cap)

stock-summary
P/E

19.00

stock-summary
Industry P/E

37

stock-summary
Dividend Yield

1.65%

stock-summary
Debt Equity

0.60

stock-summary
Return on Equity

7.03%

stock-summary
Price to Book

1.26

Revenue and Profits:
Net Sales:
584 Cr
(Quarterly Results - Dec 2025)
Net Profit:
33 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.65%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-28.37%
0.60%
-27.77%
6 Months
-51.86%
0.39%
-51.47%
1 Year
-30.0%
1.08%
-28.92%
2 Years
-37.13%
1.31%
-35.82%
3 Years
27.75%
4.61%
32.36%
4 Years
-16.24%
3.54%
-12.7%
5 Years
0%
5.08%
5.08%

Latest dividend: 1 per share ex-dividend date: Feb-13-2026

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Board Meeting Outcome for Sale Of Entire 17% Equity Stake Of CFF Keva Italy S.P.A. Held By The Company To Keva Italy Srl

13-Mar-2026 | Source : BSE

Please refer enclosed file.

Announcement under Regulation 30 (LODR)-Restructuring

13-Mar-2026 | Source : BSE

Sale of entire 17% equity stake of CFF Keva Italy S.p.A. held by the Company to Keva Italy Srl

Announcement under Regulation 30 (LODR)-Investor Presentation

24-Feb-2026 | Source : BSE

Submission of Investor Presentation to be made at the Kotak Annual Investor Conference - Chasing Growth 2026

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

S H Kelkar & Company Ltd has declared 10% dividend, ex-date: 13 Feb 26

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SPLITS

No Splits history available

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BONUS

No Bonus history available

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RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
13.83%
EBIT Growth (5y)
0.70%
EBIT to Interest (avg)
5.80
Debt to EBITDA (avg)
2.68
Net Debt to Equity (avg)
0.60
Sales to Capital Employed (avg)
0.98
Tax Ratio
12.81%
Dividend Payout Ratio
8.48%
Pledged Shares
5.66%
Institutional Holding
12.81%
ROCE (avg)
10.43%
ROE (avg)
10.41%

Valuation key factors

Factor
Value
P/E Ratio
19
Industry P/E
37
Price to Book Value
1.25
EV to EBIT
16.41
EV to EBITDA
9.63
EV to Capital Employed
1.15
EV to Sales
1.08
PEG Ratio
NA
Dividend Yield
1.67%
ROCE (Latest)
7.60%
ROE (Latest)
7.03%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

5.662

Mutual Funds

Held by 5 Schemes (5.56%)

FIIs

Held by 54 FIIs (6.79%)

Promoter with highest holding

Ramesh Vinayak Vaze Family Trust (ramesh Vaze, Prabha Vaze & Kedar Vaze-in The Capacity Of Trustee) (19.51%)

Highest Public shareholder

Firmenich Aromatics Production (india) Pvt Ltd (9.8%)

Individual Investors Holdings

18.03%

stock-summaryFinancial
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          "val1": "1,134.52",
          "val2": "1,012.81",
          "chgp": "12.02%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "125.68",
          "val2": "159.04",
          "chgp": "-20.98%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "26.98",
          "val2": "22.71",
          "chgp": "18.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "2.85",
          "val2": "-120.94",
          "chgp": "102.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "34.75",
          "val2": "-46.80",
          "chgp": "174.25%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.12%",
          "val2": "15.79%",
          "chgp": "-4.67%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 10.43% vs 13.36% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 330.23% vs -132.99% in Dec 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,718.32",
          "val2": "1,556.02",
          "chgp": "10.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "181.77",
          "val2": "223.58",
          "chgp": "-18.70%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "40.48",
          "val2": "36.53",
          "chgp": "10.81%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "35.92",
          "val2": "-120.94",
          "chgp": "129.70%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "67.41",
          "val2": "-29.28",
          "chgp": "330.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.58%",
          "val2": "14.37%",
          "chgp": "-3.79%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 15.35% vs 9.15% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is -40.17% vs 100.13% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,123.40",
          "val2": "1,840.83",
          "chgp": "15.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "297.01",
          "val2": "303.25",
          "chgp": "-2.06%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "49.42",
          "val2": "39.77",
          "chgp": "24.26%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-61.62",
          "val2": "-0.25",
          "chgp": "-24,548.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "73.24",
          "val2": "122.42",
          "chgp": "-40.17%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "14.06%",
          "val2": "16.55%",
          "chgp": "-2.49%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
583.80
553.89
5.40%
Operating Profit (PBDIT) excl Other Income
56.09
52.67
6.49%
Interest
13.50
13.91
-2.95%
Exceptional Items
33.07
0.74
4,368.92%
Consolidate Net Profit
32.66
9.18
255.77%
Operating Profit Margin (Excl OI)
9.65%
9.55%
0.10%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 5.40% vs -4.61% in Sep 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 255.77% vs -64.10% in Sep 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
1,134.52
1,012.81
12.02%
Operating Profit (PBDIT) excl Other Income
125.68
159.04
-20.98%
Interest
26.98
22.71
18.80%
Exceptional Items
2.85
-120.94
102.36%
Consolidate Net Profit
34.75
-46.80
174.25%
Operating Profit Margin (Excl OI)
11.12%
15.79%
-4.67%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 12.02% vs 12.42% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 174.25% vs -182.77% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
1,718.32
1,556.02
10.43%
Operating Profit (PBDIT) excl Other Income
181.77
223.58
-18.70%
Interest
40.48
36.53
10.81%
Exceptional Items
35.92
-120.94
129.70%
Consolidate Net Profit
67.41
-29.28
330.23%
Operating Profit Margin (Excl OI)
10.58%
14.37%
-3.79%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 10.43% vs 13.36% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 330.23% vs -132.99% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
2,123.40
1,840.83
15.35%
Operating Profit (PBDIT) excl Other Income
297.01
303.25
-2.06%
Interest
49.42
39.77
24.26%
Exceptional Items
-61.62
-0.25
-24,548.00%
Consolidate Net Profit
73.24
122.42
-40.17%
Operating Profit Margin (Excl OI)
14.06%
16.55%
-2.49%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 15.35% vs 9.15% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -40.17% vs 100.13% in Mar 2024

stock-summaryCompany CV
About S H Kelkar & Company Ltd stock-summary
stock-summary
S H Kelkar & Company Ltd
Small Cap
Specialty Chemicals
S H Kelkar & Company Limited was incorporated on July 1, 1955 in Mumbai. After incorporation, the Company took over businesses carried on by Mr. V.G. Vaze as a sole proprietor of M/s S.H. Kelkar & Co and in partnership by the Firm 'M/s Saraswati Chemical Works'. The Company is the largest Indian-origin fragrance & flavour company in India.
Company Coordinates stock-summary
Company Details
Devkaran Mansion, 36 Mangaldas Road Mumbai Maharashtra : 400002
stock-summary
Tel: 91-22-21649163
stock-summary
investors@keva.co.in
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai