Notes / Company

SH Kelkar And Company Ltd.

SHK BSE 539450 ISIN INE500L01026 Chemicals

Fundamentals

Market cap: ₹1,865 cr
P/E: 26.93×
ROE: 5.76%
Debt / equity: 0.60
Div yield: 0.74%
52-week range: 111.98 — 275.50

Research on Tijori Finance

Company snapshot

SH Kelkar And Company Ltd.

Chemicals

₹1,804 cr

P/E 26.05×

Latest quarter · Mar 2026

Sales₹650 cr

Net profit₹1 cr

Op. margin+9.2%

EPS₹0.13

Strength & growth

Debt / equity0.65×

Current ratio1.27×

Sales CAGR+9.6%

EPS CAGR−1.0%

The timeline — 3 notes on SH Kelkar And Company Ltd.

July 2026

08 Jul 26 · 3:40 PM IST Brief

Brief · Small cap

SH Kelkar revenue up 13.7% but net debt climbs to ₹864 cr

Fragrance maker posts ₹660 cr provisional Q1 revenue, gross margins steady. But net debt at 46% of market cap overshadows the growth.

June 2026

18 Jun 26 · 2:47 PM IST Brief

Brief · Small cap

Bandhan MF buys into SH Kelkar, just crossing the 5% threshold

A ₹2 crore open-market purchase lifts Bandhan's stake to 5.0064% in the fragrance maker. For a ₹1,898 cr company, the signal is stronger than the money.

May 2026

21 May 26 · 6:03 PM IST Brief

Brief · Earnings · Small cap

SH Kelkar’s FY26 call offered no new numbers after guidance exit

The transcript confirms the shift to quarterly focus and abandonment of long-term margin targets first disclosed last quarter. Investors heard detail on raw materials and capex but no fresh commitments.

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