SH Kelkar And Company Ltd - Stock Valuation and Financial Performance

BSE: 539450 | NSE: SHK | Chemicals | Small Cap

SH Kelkar & Co Share Price

206.75 -5.70 -2.68%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on SH Kelkar & Co

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

SH Kelkar And Company stock performance -

mw4me loader
P/E Ratio (CD):
31.44
Market Cap:
2,861.9 Cr.
52-wk low:
103
52-wk high:
226.4

Is SH Kelkar And Company Ltd an attractive stock to invest in?

1. Is SH Kelkar And Company Ltd a good quality company?

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

2. Is SH Kelkar And Company Ltd undervalued or overvalued?

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

3. Is SH Kelkar And Company Ltd a good buy now?

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

10 Year X-Ray of SH Kelkar & Co:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.5%5.4%11%12.5%10.9%8.7%6.6%10.7%10.3%4.9%-
Value Creation
Index
0.0-0.6-0.2-0.1-0.2-0.4-0.5-0.2-0.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7618369259811,0211,0481,1141,3221,5641,6871,860
Sales YoY Gr.-9.7%10.7%6%4.1%2.7%6.3%18.6%18.3%7.8%-
Adj EPS 5.61.94.87764.39.111.24.96.6
YoY Gr.--66%156.1%44.4%-0.6%-14.1%-27.5%110.2%22.6%-56.5%-
BVPS (₹) 3337.849.556.159.359.758.367.373.276.984.8
Adj Net
Profit
80.8257010110086.361.112915467.191
Cash Flow from Ops. 32.161.786.410210377.220519550.2197-
Debt/CF from Ops. 6.63.910.71.74.41.82.7133-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.2%10.6%14.8%7.8%
Adj EPS -1.5%-6.9%3.9%-56.5%
BVPS9.9%5.4%9.7%5.1%
Share Price - 5.5% 15.6% 97.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.95.111.413.212107.314.515.76.58.1
Op. Profit
Mgn %
18.2916.31715.813.414.518.113.812.615.4
Net Profit
Mgn %
10.637.610.39.78.25.59.79.94.14.9
Debt to
Equity
0.40.50.10.10.20.40.40.50.60.6-
Working Cap
Days
216224223223268307273235246253126
Cash Conv.
Cycle
14414913312814616015212612913047

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.82%

Debt to equity has declined versus last 3 years average to 0.55

Sales growth is good in last 4 quarters at 12.75%

Return on Equity has declined versus last 3 years average to 8.10%

Net Profit has been subdued in last 3 years 3.85%

Latest Financials - SH Kelkar And Company Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 6.6
TTM Sales (₹ Cr.) 914 1,860
BVPS (₹.) 53.7 84.8
Reserves (₹ Cr.) 604 1,035
P/BV 3.85 2.44
PE 30.74 31.44
From the Market
52 Week Low / High (₹) 103.00 / 226.35
All Time Low / High (₹) 47.60 / 361.90
Market Cap (₹ Cr.) 2,862
Equity (₹ Cr.) 138.4
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of SH Kelkar & Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.086.086.180.000.000.006.166.136.136.13
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SH Kelkar & Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7618369259811,0211,0481,1141,3221,5641,687
Operating Expenses 6307607748148629109551,0831,3501,474
Manufacturing Costs336057606064686880101
Material Costs399442495518544571611724900964
Employee Cost 103112112122125128138150199212
Other Costs 94146111114132146138140172196
Operating Profit 13175151167159138159239214212
Operating Profit Margin (%) 17.3%9.0%16.3%17.0%15.6%13.2%14.3%18.1%13.7%12.6%
Other Income 868101226238231817
Interest 121922651626201624
Depreciation 19293019243152627280
Exceptional Items 0000-130-3613-12-20
Profit Before Tax 1099511015314311554194132104
Tax 2924374851271950-1741
Profit After Tax 79707310593883614414963
PAT Margin (%) 10.4%8.4%7.9%10.7%9.1%8.4%3.2%10.9%9.6%3.7%
Adjusted EPS (₹)5.45.35.17.36.56.12.510.210.74.4
Dividend Payout Ratio (%)19%21%30%24%27%0%38%17%7%45%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4815107168128578638249521,0131,064
Share Capital 14141145145145145141141138138
Reserves 467368571667712719683810875926
Minority Interest00000111138038
Debt1842147362164334342493625553
Long Term Debt6939309487054332363319
Short Term Debt1151754453116264288161262234
Trade Payables8896163111156134173247352365
Others Liabilities 1071155088224198107179209182
Total Liabilities 8599341,0031,0731,4001,5411,4571,8742,2792,202

Fixed Assets

Gross Block5065352703464325715949291,2281,239
Accumulated Depreciation255261435094123135200281326
Net Fixed Assets251274227296338448459728946913
CWIP 501018760381828926
Investments 00355096111971123
Inventories279318335350348374337429555603
Trade Receivables179195229217277284317375461438
Cash Equivalents 4276825524416613912367
Others Assets58627697258244164173183131
Total Assets 8599341,0031,0731,4001,5411,4571,8742,2792,202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3262861021037720519550197
PBT 1099511015314311553194132104
Adjustment 29334319186013280110113
Changes in Working Capital -73-38-27-25-21-6247-66-13019
Tax Paid -34-28-41-46-36-36-28-12-62-39
Cash Flow From Investing Activity -64-17-77-104-164-137-40-149-160-103
Capex -39-22-24-38-121-116-45-301-48
Net Investments 00-54-69-47410-1-21
Others -254134-253-119-160-34
Cash Flow From Financing Activity 36-7-24-162849-1968812-175
Net Proceeds from Shares 002100000000
Net Proceeds from Borrowing 0000000076-39
Interest Paid -16-18-16-5-4-14-26-17-12-20
Dividend Paid 0-15-440-25-25-16-14-11-19
Others 5226-173-115788-154119-41-97
Net Cash Flow 437-14-17-33-11-31134-97-81
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.4914.3612.0113.7211.110.214.2516.2215.216.06
ROCE (%)18.2615.7816.9718.8415.511.676.716.089.487.75
Asset Turnover Ratio0.990.991.031.030.840.720.750.80.760.76
PAT to CFO Conversion(x)0.410.891.180.971.110.885.691.350.343.13
Working Capital Days
Receivable Days79777876869798959796
Inventory Days113123120117122125116105114124
Payable Days74769697899392106122136

SH Kelkar And Company Ltd Stock News

SH Kelkar And Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SH Kelkar & Co on 12-Apr-2024 16:59 is ₹206.8.
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 12-Apr-2024 16:59 the market cap of SH Kelkar & Co stood at ₹2,861.9.
The latest P/E ratio of SH Kelkar & Co as of 12-Apr-2024 16:59 is 30.74.
The latest P/B ratio of SH Kelkar & Co as of 12-Apr-2024 16:59 is 3.85.
The 52-week high of SH Kelkar & Co is ₹226.3 and the 52-week low is ₹103.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SH Kelkar & Co is ₹914.1 ( Cr.) .

About SH Kelkar And Company Ltd

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