1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
S H Kelkar and Company Ltd

S H Kelkar and Company Ltd

130.29
INR
+0.03
(+0.02%)
6.34EPS
20.10P/E
17.76BMarket Cap
Nov 02Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
62.99
67.52
67.42
70.54
72.96
79.2
95.29
113.51
124.05
133.62
152.63
170.4
174.84
Basic EPS, GAAP
5.32
5.36
7.25
6.5
6.2
2.56
10.48
10.81
4.53
8.93
5.29
5
6.38
Free Cash Flow per Basic Share
2.24
4.44
4.43
-1.21
-2.86
11.5
11.69
1.7
9.46
3.39
-5.78
4.09
- -
Dividend per Share
1.33
3.23
- -
2.11
2.14
1.16
1.02
0.77
1.39
2.15
0.75
2
- -
Book Value per Share
29.19
49.51
56.13
59.68
61.12
59.7
68.95
74.96
78.74
87.62
91.89
98.39
- -
Tangible Book Value per Share
27.36
47.72
51.41
53.56
53.98
52.39
42.49
34.58
39.47
50.06
55.83
58.99
- -
Basic Weighted Avg Shares
132
136
145
144
143
140
138
137
135
137
138
138
140
Sales/Revenue/Turnover
8,331
9,212
9,750
10,193
10,412
11,051
13,151
15,596
16,769
18,326
21,127
23,587
24,399
Operating Margin (%)
10.7
13.43
15.19
14.94
13.1
12.01
14.75
10.14
8.11
12.08
9.96
6.14
5.3
Depreciation Expense
293
297
194
238
312
515
615
718
805
893
947
1,194
1,281
Net Income, GAAP
704
731
1,048
939
885
357
1,447
1,486
612
1,224
732
693
891
Effective Tax Rate (%)
25.5
33.76
31.39
35.33
23.52
34.18
25.6
- -
39.68
32.45
35.48
38.48
38.71
Profit Margin (%)
8.45
7.93
10.75
9.21
8.5
3.23
11
9.53
3.65
6.68
3.47
2.94
3.65
Working Capital
1,895
4,598
4,499
3,341
2,901
2,328
4,700
5,073
4,978
4,290
4,445
3,112
- -
LT Debt
382
296
92
482
700
544
3,316
4,108
3,583
2,048
2,378
3,492
- -
Total Equity
4,221
7,161
8,117
8,569
8,742
8,346
9,546
10,937
11,026
12,142
12,724
13,624
- -
Return on Invested Capital (%)
- -
11.35
12.1
8.97
7.25
3.97
10.44
- -
4.24
8.28
5.45
4.94
- -
Return on Capital (%)
- -
11.4
12.71
10.06
8.83
4.07
11.51
- -
3.91
7.71
5.25
4.54
- -
Return on Common Equity (%)
- -
12.84
13.72
11.25
10.29
4.23
16.3
15.12
5.89
10.75
5.9
5.26
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6,797
- -
LT Borrowings
- -
2,116
- -
LT Finance Leases
- -
1,376
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
138
138
138
Market Capitalization
24,802
15,550
17,764

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
14,699
- -
Cash, Cash Equivalents & STI
- -
672
- -
Accounts Receivable, Net
- -
6,350
- -
Inventories
- -
6,651
- -
Total Current Liabilities
- -
11,587
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,797
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.82%
7.48%
7.07%
Free Cash Flow
-62.61%
-29.18%
-170.83%
Net Income, GAAP
27.14%
-0.32%
-5.43%
Sales/Revenue/Turnover
10%
12.46%
11.64%
Total Cash Common Dividend
- -
42.14%
166.57%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,679
5,397
5,408
5,644
21,127
2026
5,784
5,516
5,811
6,473
23,587
2027
6,598
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-6.25
2.87
1.27
7.41
5.29
2026
1.85
0.66
2.36
0.13
5
2027
3.28
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.75
2026
- -
- -
- -
- -
2
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kedar Ramesh Vaze
Full Time Employees
650
Sector
Process industries
Industry
Chemicals: specialty
Address
Lal Bahadur Shastri Marg Mumbai MA India 400 080
IPO Date
Nov 16, 2015
Website
keva.co.in
Similar Companies
Petkim Petrokimya Holding Anonim Sirketi (BIST:PETKM)
Albemarle Corporation (NYSE:ALB)
Linde plc (NASDAQ:LIN)
Gubre Fabrikalari T.A.S. (BIST:GUBRF)
IOL Chemicals & Pharmaceuticals Ltd. (NSE:IOLCP)
PI Industries Limited (NSE:PIIND)
Business
S H Kelkar and Company Limited (Keva), founded in 1922 and headquartered in Mumbai, India, manufactures, supplies and exports fragrances, flavours and aroma ingredients to fast-moving consumer goods companies, fragrance and flavour blenders and producers worldwide. The company offers fragrances for personal wash, soaps and detergents, sanitizers, skin care, hair care, fabric care, fine fragrances and household products; flavours for baked goods, dairy products, beverages, savoury items and pharmaceuticals; aroma ingredients including essential oils, synthetic perfumery compounds and natural actives such as Camisooth, AloeHeal, Glycibright, OleoKare and Puniblock; and research services in biotechnology, microbiology, cosmetic research, custom synthesis and cosmetic biotechnology. It markets products under SHK, Cobra, Auris, Wheel, Three Birds and Keva brands, operates through subsidiaries including Keva Fragrances Private Limited, Keva Flavours Private Limited, Keva Europe BV, Creative Flavours and Fragrances S.p.A., PT SHK Keva Indonesia and Anhui Ruibang Aroma Co Ltd, and serves over 90 countries with manufacturing facilities in India, Europe, Indonesia and China. Recent developments include the acquisition of Provier Beheer BV (holding company of Holland Aromatics BV) to strengthen European operations; establishment of Keva Italy Srl in 2019 and a new subsidiary in Germany in 2024; commissioning of a Creative Development Centre in Germany in 2025 and new centres in the US, UK and Indonesia; full acquisition of NuTaste Food and Drink Labs Private Limited for premium ingredients and nutraceuticals; and H1 FY2026 consolidated revenue growth of approximately 13% to Rs.1,140 crore with net debt at Rs.698 crore as of September 30, 2025.