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S H Kelkar and Company Limited

S H Kelkar and Company Limited

SHK.NS
S H Kelkar and Company LimitedIN flagNational Stock Exchange of India
133.85
INR
+1.44
- -
18.53BMarket Cap
S H Kelkar and Company Limited
SHK.NS
(National Stock Exchange of India)

Recent

price

133.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
62.99
67.52
67.42
70.54
72.96
79.2
95.29
113.51
124.05
133.62
153.18
170.28
169.08
Revenue per Share
5.32
5.36
7.25
6.5
6.2
2.56
10.48
10.81
4.53
8.93
5.31
5
4.96
Basic EPS, GAAP
2.24
4.44
4.43
-1.21
-2.86
11.5
11.69
1.7
9.46
3.39
-5.8
4.09
- -
Free Cash Flow per Basic Share
1.33
3.23
- -
2.11
2.14
1.16
1.02
0.77
1.39
2.15
0.75
2
- -
Dividend per Share
23.18
25.34
31.07
35.51
39.95
41.8
51.76
60.99
65.69
71.43
75.49
9.99
9.92
Book Value per Share
29.92
50.59
51.41
53.23
54.19
52.58
42.71
39.87
42.3
50.63
56.06
58.98
58.57
Tangible Book Value per Share
132
136
145
144
143
140
138
137
135
137
138
139
140
Basic Weighted Avg Shares
8,331
9,212
9,750
10,193
10,412
11,051
13,151
15,596
16,769
18,326
21,127
23,586
23,586
Sales/Revenue/Turnover
10.7
13.43
15.19
14.94
13.1
12.01
14.75
10.14
8.11
12.08
9.58
5.19
5.19
Operating Margin (%)
293
297
194
238
312
515
615
718
804
893
947
1,194
1,194
Depreciation Expense
704
731
1,048
939
885
357
1,447
1,486
612
1,224
732
693
693
Net Income, GAAP
25.5
33.76
31.39
35.33
23.52
34.18
25.6
- -
39.68
32.45
35.48
38.48
38.48
Effective Tax Rate (%)
8.45
7.93
10.75
9.21
8.5
3.23
11
9.53
3.65
6.68
3.47
2.94
2.94
Profit Margin (%)
1,895
4,598
4,499
3,341
2,901
2,328
4,700
5,073
4,978
4,290
4,445
3,112
3,112
Working Capital
382
296
92
482
700
544
3,316
4,108
3,583
2,048
2,378
3,492
3,492
LT Debt
4,221
7,160
8,117
8,569
8,742
8,346
9,546
10,936
11,026
12,142
12,724
13,624
13,624
Total Equity
- -
11.29
12.14
10.18
9.12
7.11
10.57
- -
4.71
8.36
6.57
3.35
3.35
Return on Invested Capital (%)
- -
17.06
22.47
15.93
12.33
5.22
14.01
- -
4.34
8.7
5.98
6.81
6.81
Return on Capital (%)
- -
22.4
26.37
19.51
16.34
6.19
22.3
19.14
7.09
13.11
7.25
11.74
11.74
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,137
- -
6,797
LT Borrowings
2,088
- -
2,116
LT Finance Leases
665
- -
1,376
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
138
- -
138
Market Capitalization
31,950
24,819
15,672

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
15,559
- -
14,699
Cash, Cash Equivalents & STI
1,042
- -
672
Accounts Receivable, Net
5,586
- -
6,350
Inventories
7,456
- -
6,651
Total Current Liabilities
11,568
- -
11,587
Payables & Accruals
- -
- -
- -
ST Debt
6,137
- -
6,797
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,205
4,316
4,692
5,311
18,326
2025
4,679
5,397
5,408
5,644
21,127
2026
5,786
5,516
5,811
6,473
23,586

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2.14
2.37
- -
8.93
2025
-6.25
2.87
1.27
7.41
5.31
2026
1.85
0.66
2.36
0.13
5

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.15
2025
- -
- -
- -
- -
0.75
2026
- -
- -
- -
- -
2
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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.