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SH Kelkar And Company Ltd (SHK)

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

₹130.15 1.20 (0.93%)

As on 02-Jul'26 16:59

SH Kelkar And Company Ltd (SHK)

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

₹130.15 1.20 (0.93%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,802 Cr.
Current Price
₹130.2
52-Week Low / High
₹112 / 275
TTM EPS
₹5
TTM Sales
₹2,368 Cr.
Book Value per Share
₹98.4
P/E Ratio
26.01
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
1.32
Lower than its 5-year historical median
Price to Sales (P/S)
0.76
Lower than its 5-year historical median
EV/EBITDA
10.46
In line with its 5-year historical median
Dividend Yield
0.77%
Profitability Efficiency
Return on Equity (ROE)
5.25%
Underperforms industry median
Return on Capital Employed (ROCE)
7.82%
Underperforms industry median
Return on Assets (ROA)
2.49%
Operating Profit Margin
14.2%
Net Profit Margin
2.92%
Gross Profit Margin
8.2%
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
-18.59%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.65%
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
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Quality

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Valuation

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Price Trend

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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 9259811,0211,0481,1141,3221,5641,6871,8412,1232,368
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 -4.8% -6.6% 3.1% -44.4%

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales9811,0211,0481,1141,3221,5641,6871,8412,1232,368
Operating Expenses + 8148629109551,0831,3501,4741,5381,8262,126
Manufacturing Costs606064686880101100123132
Material Costs5185445716117249009649971,1571,336
Employee Cost 122125128138150199212238290361
Other Costs 114132146138140172196204257297
Operating Profit 167159138159239214212303297242
Operating Profit Margin (%) 17.0%15.6%13.2%14.3%18.1%13.7%12.6%16.4%14.0%10.2%
Other Income + 122623823181762410
Exceptional Items 0-130-3613-12-200-6136
Interest 651626201624404956
Depreciation 192431526272808695119
Profit Before Tax 15314311554194132104183115112
Tax 4851271950-1741594143
Profit After Tax 105938836144149631247469
PAT Margin (%) 10.7%9.1%8.4%3.2%10.9%9.6%3.7%6.7%3.5%2.9%
Adjusted EPS (₹)7.36.56.12.510.210.74.48.85.35.0
Dividend Payout Ratio (%)24.10%27%0%37.60%17.10%7%45.30%8.50%18.90%20%

Valuation of SH Kelkar & Company - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8128578638249521,0131,0641,2131,2721,362
Share Capital 145145145141141138138138138138
Reserves 6677127196838108759261,0741,1341,223
Debt +62164334342493625553527606783
Long Term Debt9487054332363319173175212
Short Term Debt53116264288161262234354431571
Minority Interest00111138038101
Trade Payables111156134173247352365355400331
Others Liabilities 88224198107179209182284382407
Total Liabilities 1,0731,4001,5411,4571,8742,2792,2022,3812,6602,884

Fixed Assets

Net Fixed Assets +2963384484597289469139339521,182
Gross Block3464325715949291,2281,2391,3441,4421,823
Accumulated Depreciation5094123135200281326411490642
CWIP 760381828926134697
Investments 5096111971123101111
Inventories350348374337429555603657718665
Trade Receivables217277284317375461438490506635
Cash Equivalents 55244166139123671038765
Others Assets 97258244164173183131176340230
Total Assets 1,0731,4001,5411,4571,8742,2792,2022,3812,6602,884

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 102103772051955019710716263
PBT 15314311553194132104182114112
Adjustment 19186013280110114134195194
Changes in Working Capital -25-21-6247-66-13018-149-23919
Tax Paid -46-36-36-28-12-62-39-59-54-62
Cash Flow From Investing Activity + -104-164-137-40-149-160-103-82-72-205
Capex -38-121-116-45-301-48-61-96-204
Net Investments -69-47410-1-21168-2
Others 34-253-119-160-34-37150
Cash Flow From Financing Activity + -162849-1968812-175899-158
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000076-39-454346
Interest Paid -5-4-14-26-17-12-20-34-44-52
Dividend Paid 0-25-25-16-14-11-19-29-10-28
Others -115788-154119-41-97117111-124
Net Cash Flow -17-33-11-31134-97-813443-100

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.7211.110.214.2516.2215.216.0610.875.965.25
ROCE (%)18.8415.511.676.716.089.487.7512.788.457.82
Asset Turnover Ratio1.030.840.720.750.80.760.760.810.850.86
PAT to CFO Conversion(x)0.971.110.885.691.350.343.130.860.223.81
Working Capital Days
Receivable Days76.3086.3097.2097.9094.9096.8096.509184.8087.10
Inventory Days117.40122125.10115.70105.10114124.20123.60117.10105.60
Payable Days96.6089.3092.6091.80105.90121.60135.70131.90119.1099.90

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 & Company on 02-Jul-2026 16:59 is ₹130.2.

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 01-Jul-2026 the market cap of SH Kelkar & Company stood at ₹1,801.6 Cr

The latest P/E ratio of SH Kelkar & Company as of 01-Jul-2026 is 54.00.

The latest P/B ratio of SH Kelkar & Company as of 01-Jul-2026 is 2.44.

The 52-week high of SH Kelkar & Company 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 & Company is ₹1,280 ( 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 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.

About SH Kelkar And Company Ltd

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About MoneyWorks4Me

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