SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SH Kelkar And Company Ltd (SHK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539450 NSE: SHK Chemicals | Small Cap | SH Kelkar & Co Share Price

₹124.10 2.00 (1.64%)

As on 12-Jun'26 10:49

SH Kelkar And Company Ltd (SHK)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539450 NSE: SHK Chemicals | Small Cap | SH Kelkar & Co Share Price

₹124.10 2.00 (1.64%)

As on 12-Jun'26 10:49

Key Metrics
Valuation Multiples
Market Cap
₹1,690 Cr.
Current Price
₹124.1
52-Week Low / High
₹112 / 275
TTM EPS
₹5
TTM Sales
₹2,359 Cr.
Book Value per Share
₹98.4
P/E Ratio
24.40
Higher than its 5-year historical median
Industry PE
49.1
Price to Book (P/B)
1.24
Lower than its 5-year historical median
Price to Sales (P/S)
0.72
Lower than its 5-year historical median
EV/EBITDA
9.85
Lower than its 5-year historical median
Dividend Yield
0.56%
Profitability Efficiency
Return on Equity (ROE)
5.96%
Underperforms industry median
Return on Capital Employed (ROCE)
8.45%
Underperforms industry median
Return on Assets (ROA)
2.94%
Operating Profit Margin
14.2%
Net Profit Margin
3.49%
Gross Profit Margin
12.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-1.9%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-40.16%
Asset Quality
Promoter Holding
54.87%
Pledged shares (%) of Promoter's holding (%)
8.30%
Reserves
₹1,223 Cr.
Equity
₹138.4 Cr.
Face Value
₹10
All Time Low / High
₹47.60 / 361.90

SH Kelkar And Company stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is SH Kelkar And Company Ltd a good quality company?
SH Kelkar And Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does SH Kelkar And Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SH Kelkar And Company Ltd vs industry peers?
SH Kelkar And Company Ltd revenue CAGR is 13.77%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of SH Kelkar And Company Ltd?
Promoters hold 54.87% of the SH Kelkar And Company Ltd, with 8.30% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of SH Kelkar And Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -5.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SH Kelkar And Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17%18.8%15.5%11.7%6.7%16.1%9.5%7.8%12.8%8.5%-
Value Creation
Index
0.20.40.1-0.2-0.50.2-0.3-0.5-0.1-0.4-

Growth Parameters

Sales 9259811,0211,0481,1141,3221,5641,6871,8412,1232,359
Sales YoY Gr.-6%4.1%2.7%6.3%18.6%18.3%7.8%9.2%15.4%-
Adj EPS 4.87764.39.111.24.98.97.75
YoY Gr.-44.4%-0.6%-14.1%-27.5%110.2%22.6%-56.5%83.9%-14%-
BVPS (₹) 49.556.159.359.758.367.373.276.987.691.998.4
Adj Net
Profit
7010110086.361.112915467.112310669
Cash Flow from Ops. 86.410210377.220519550.219710715.7-
Debt/CF from Ops. 10.71.74.41.82.71335.948.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.7%13.8%10.7%15.4%
Adj EPS 5.3%12.1%-11.8%-14%
BVPS7.1%9.5%7.9%4.9%
Share Price -5.6% -4.3% 2.5% -48.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.413.212107.314.515.76.510.88.65.3
Op. Profit
Mgn %
16.31715.813.414.518.113.812.616.614.210.3
Net Profit
Mgn %
7.610.39.78.25.59.79.94.16.852.9
Debt to
Equity
0.10.10.20.40.40.50.60.60.50.60.2
Working Cap
Days
223223268307273235246253245246115
Cash Conv.
Cycle
13312814616015212612913012412727

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9259811,0211,0481,1141,3221,5641,6871,8412,123
Operating Expenses + 7748148629109551,0831,3501,4741,5381,826
Manufacturing Costs57606064686880101100123
Material Costs4955185445716117249009649971,157
Employee Cost 112122125128138150199212238290
Other Costs 111114132146138140172196204257
Operating Profit 151167159138159239214212303297
Operating Profit Margin (%) 16.3%17.0%15.6%13.2%14.3%18.1%13.7%12.6%16.4%14.0%
Other Income + 101226238231817624
Exceptional Items 00-130-3613-12-200-61
Interest 226516262016244049
Depreciation 30192431526272808695
Profit Before Tax 11015314311554194132104183115
Tax 374851271950-17415941
Profit After Tax 731059388361441496312474
PAT Margin (%) 7.9%10.7%9.1%8.4%3.2%10.9%9.6%3.7%6.7%3.5%
Adjusted EPS (₹)5.17.36.56.12.510.210.74.48.85.3
Dividend Payout Ratio (%)29.70%24.10%27%0%37.60%17.10%7%45.30%8.50%18.90%

Valuation of SH Kelkar & Co - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7168128578638249521,0131,0641,2131,272
Share Capital 145145145145141141138138138138
Reserves 5716677127196838108759261,0741,134
Debt +7362164334342493625553527606
Long Term Debt309487054332363319173175
Short Term Debt4453116264288161262234354431
Minority Interest00011113803810
Trade Payables163111156134173247352365355400
Others Liabilities 5088224198107179209182284382
Total Liabilities 1,0031,0731,4001,5411,4571,8742,2792,2022,3812,660

Fixed Assets

Net Fixed Assets +227296338448459728946913933952
Gross Block2703464325715949291,2281,2391,3441,442
Accumulated Depreciation435094123135200281326411490
CWIP 187603818289261346
Investments 3550961119711231011
Inventories335350348374337429555603657718
Trade Receivables229217277284317375461438490506
Cash Equivalents 82552441661391236710387
Others Assets 7697258244164173183131176340
Total Assets 1,0031,0731,4001,5411,4571,8742,2792,2022,3812,660

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 86102103772051955019710716
PBT 11015314311553194132104182114
Adjustment 4319186013280110114134195
Changes in Working Capital -27-25-21-6247-66-13018-149-239
Tax Paid -41-46-36-36-28-12-62-39-59-54
Cash Flow From Investing Activity + -77-104-164-137-40-149-160-103-82-72
Capex -24-38-121-116-45-301-48-61-96
Net Investments -54-69-47410-1-211610
Others 134-253-119-160-34-3714
Cash Flow From Financing Activity + -24-162849-1968812-175899
Net Proceeds from Shares 210000000000
Net Proceeds from Borrowing 00000076-39-4543
Interest Paid -16-5-4-14-26-17-12-20-34-44
Dividend Paid -440-25-25-16-14-11-19-29-10
Others -173-115788-154119-41-97117111
Net Cash Flow -14-17-33-11-31134-97-813443

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.0113.7211.110.214.2516.2215.216.0610.875.96
ROCE (%)16.9718.8415.511.676.716.089.487.7512.788.45
Asset Turnover Ratio1.031.030.840.720.750.80.760.760.810.85
PAT to CFO Conversion(x)1.180.971.110.885.691.350.343.130.860.22
Working Capital Days
Receivable Days77.6076.3086.3097.2097.9094.9096.8096.509184.80
Inventory Days119.70117.40122125.10115.70105.10114124.20123.60117.10
Payable Days95.8096.6089.3092.6091.80105.90121.60135.70131.90119.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.136.136.155.585.585.600.565.665.668.30
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SH Kelkar And Company Ltd FAQs

The current trading price of SH Kelkar & Co on 12-Jun-2026 10:49 is ₹124.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of SH Kelkar & Co stood at ₹1,690.1 Cr

The latest P/E ratio of SH Kelkar & Co as of 11-Jun-2026 is 50.66.

The latest P/B ratio of SH Kelkar & Co as of 11-Jun-2026 is 2.29.

The 52-week high of SH Kelkar & Co is ₹275.2 and the 52-week low is ₹111.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SH Kelkar & Co is ₹1,268 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SH Kelkar And Company Ltd is a average quality company.

The key valuation ratios of SH Kelkar And Company Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SH Kelkar And Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About SH Kelkar And Company Ltd

No data to display
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: