S H Kelkar and Company Ltd
S H Kelkar and Company Ltd (SHK) last reported results for the quarter ended Jun 2026, with sales of ₹662 crore and net profit of ₹45 crore. The stock last traded at ₹142, a market capitalisation of ₹1,959 crore, on a P/E of 41.5. Over the past 52 weeks the stock has ranged between ₹112 and ₹252. Figures are as of 6 Oct 2026 and are not real time.
S H Kelkar and Company Ltd share price and key metrics
- Current price
- ₹142
- Market cap
- ₹1,959 cr
- Stock P/E
- 41.5
- Book value
- ₹98.4
- ROE
- 3.71%
- ROCE
- 5.85%
- Dividend yield
- 0.71%
- 52w high / low
- 252/112
Metrics as of 6 Oct 2026. Not real time.
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S H Kelkar and Company Ltd growth and returns
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 12%
- TTM
- 10%
- 10 Years
- -4%
- 5 Years
- -18%
- 3 Years
- -11%
- TTM
- -64%
- 10 Years
- -7%
- 5 Years
- -3%
- 3 Years
- -4%
- 1 Year
- -43%
- 10 Years
- 10%
- 5 Years
- 9%
- 3 Years
- 7%
- Last Year
- 4%
S H Kelkar and Company Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹662 cr, up 14.1% from ₹580 cr a year earlier. Net profit was ₹45 cr, up 73.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 542 | 543 | 567 | 580 | 554 | 584 | 650 | 662 |
| Expenses | 462 | 480 | 494 | 507 | 502 | 528 | 589 | 575 |
| Operating profit | 80 | 64 | 73 | 73 | 52 | 55 | 61 | 88 |
| OPM % | 15% | 12% | 13% | 13% | 9% | 9% | 9% | 13% |
| Other income | 21 | 1 | 61 | 3 | 1 | 34 | 7 | 31 |
| Interest | 13 | 14 | 13 | 13 | 14 | 14 | 15 | 15 |
| Depreciation | 24 | 23 | 25 | 26 | 27 | 27 | 39 | 35 |
| Profit before tax | 64 | 27 | 97 | 37 | 12 | 49 | 15 | 69 |
| Tax % | 38% | 36% | -6% | 30% | 25% | 33% | 88% | 34% |
| Net profit | 40 | 18 | 103 | 26 | 9 | 33 | 2 | 45 |
| EPS (₹) | 2.87 | 1.27 | 7.41 | 1.85 | 0.66 | 2.36 | 0.13 | 3.28 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
S H Kelkar and Company Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 981 | 1,021 | 1,048 | 1,114 | 1,322 | 1,564 | 1,687 | 1,930 | 2,123 | 2,368 | 2,450 |
| Operating profit | 167 | 159 | 141 | 160 | 239 | 215 | 217 | 308 | 296 | 242 | 256 |
| OPM % | 17% | 16% | 13% | 14% | 18% | 14% | 13% | 16% | 14% | 10% | 10% |
| Net profit | 105 | 94 | 88 | 36 | 144 | 149 | 63 | 124 | 73 | 69 | 89 |
| EPS (₹) | 7.25 | 6.49 | 6.12 | 2.53 | 10.24 | 10.73 | 4.42 | 8.84 | 5.29 | 5.00 | 6.43 |
TTM is the trailing twelve months to the most recent quarter.
S H Kelkar and Company Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 145 | 145 | 145 | 141 | 141 | 138 | 138 | 138 | 138 | 138 |
| Reserves | 667 | 712 | 719 | 683 | 810 | 875 | 926 | 1,074 | 1,134 | 1,223 |
| Borrowings | 74 | 172 | 342 | 365 | 518 | 698 | 620 | 666 | 832 | 1,029 |
| Other liabilities | 187 | 246 | 222 | 277 | 405 | 568 | 518 | 502 | 556 | 493 |
| Total liabilities | 1,073 | 1,275 | 1,427 | 1,466 | 1,874 | 2,279 | 2,202 | 2,381 | 2,660 | 2,884 |
| Fixed assets | 296 | 352 | 462 | 472 | 741 | 959 | 914 | 933 | 953 | 1,182 |
| CWIP | 7 | 60 | 38 | 18 | 28 | 9 | 26 | 13 | 46 | 96 |
| Investments | 50 | 96 | 97 | 97 | 1 | 1 | 23 | 10 | 11 | 11 |
| Other assets | 720 | 767 | 830 | 879 | 1,103 | 1,309 | 1,239 | 1,425 | 1,650 | 1,594 |
| Total assets | 1,073 | 1,275 | 1,427 | 1,466 | 1,874 | 2,279 | 2,202 | 2,381 | 2,660 | 2,884 |
As reported by the company. Total assets equal total liabilities by construction.
S H Kelkar and Company Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 102 | 103 | 77 | 205 | 195 | 50 | 197 | 107 | 16 | 263 |
| Cash from investing | -103 | -162 | -138 | -42 | -148 | -134 | -110 | -84 | -69 | -209 |
| Cash from financing | -16 | 28 | 49 | -196 | 88 | 12 | -175 | 8 | 99 | -158 |
| Net cash flow | -17 | -31 | -12 | -33 | 135 | -71 | -88 | 32 | 46 | -104 |
| Free cash flow | 64 | -17 | -39 | 161 | 165 | 52 | 149 | 47 | -80 | 60 |
| CFO / operating profit | 89% | 87% | 81% | 146% | 87% | 52% | 109% | 54% | 24% | 135% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
S H Kelkar and Company Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 19% | 17% | 12% | 10% | 15% | 10% | 8% | 12% | 10% | 6% |
| Debtor days | 81 | 99 | 99 | 104 | 103 | 108 | 95 | 93 | 87 | 98 |
| Inventory days | 247 | 233 | 239 | 201 | 216 | 225 | 228 | 231 | 227 | 182 |
| Days payable | 78 | 104 | 86 | 103 | 125 | 143 | 138 | 125 | 127 | 91 |
| Cash conversion cycle | 250 | 228 | 252 | 202 | 195 | 190 | 185 | 199 | 188 | 189 |
| Working capital days | 128 | 110 | 86 | 55 | 91 | 90 | 88 | 60 | 62 | 38 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
S H Kelkar and Company Ltd shareholding pattern
Promoters held 54.87% at Jun 2026, broadly unchanged since Jun 2025. FIIs 5.92% and DIIs 6.01%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 55.63% | 55.63% | 55.48% | 55.03% | 54.87% | 54.87% | 54.87% | 54.87% |
| FIIs | 9.40% | 7.54% | 7.22% | 6.96% | 7.36% | 6.79% | 7.42% | 5.92% |
| DIIs | 2.26% | 3.10% | 3.44% | 3.37% | 5.69% | 6.02% | 5.18% | 6.01% |
| Public | 32.72% | 33.75% | 33.87% | 34.64% | 32.08% | 32.33% | 32.53% | 33.21% |
| No. of shareholders | 42,014 | 45,639 | 47,229 | 50,450 | 50,971 | 54,088 | 53,911 | 55,913 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
S H Kelkar and Company Ltd corporate filings
- S H Kelkar reports Q2 FY 2026-27 business update with no significant financial changesCompany Updatelow impact
Cruxal's analysis: The company issued a routine business update for Q2 FY 2026-27 on October 9, 2026. No…
Read the full analysis - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026Company Updatelow impact
- S H Kelkar announces senior management change with resignation of EVP Vivek Kulkarni and appointment of Rajeev Mishra as VP – Sales & Ingredients, effective October 1, 2026Otherslow impact
Cruxal's analysis: S H Kelkar has disclosed a leadership transition with the resignation of EVP Vivek…
Read the full analysis - S H Kelkar and Company Limited: CRISIL revises outlook on 372 crore bank facilities to NegativeCompany Updatemedium impact
Cruxal's analysis: S H Kelkar and Company Limited has received a credit rating update from CRISIL, which has…
Read the full analysis - Intimation of closure of Trading Window for the Quarter and Half Year ended September 30, 2026Insider Trading / SASTlow impact
- S H Kelkar and Company Ltd announces the demise of Chairman Mr. Ramesh VazeCompany Updatelow impact
Cruxal's analysis: S H Kelkar and Company Ltd has formally intimated the stock exchanges regarding the…
Read the full analysis - S H Kelkar and Company Ltd announces the demise of Chairman Mr. Ramesh VazeCompany Updatelow impact
Cruxal's analysis: S H Kelkar and Company Ltd has formally intimated the sad demise of its Chairman, Mr…
Read the full analysis - S H Kelkar and Company Limited announces the passing of Chairman Mr. Ramesh VazeCompany Updatelow impact
Cruxal's analysis: S H Kelkar and Company Limited has formally announced the sad demise of its Chairman, Mr…
Read the full analysis - S H Kelkar and Company Limited appoints Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent)Otherslow impact
Cruxal's analysis: S H Kelkar and Company Limited has announced the appointment of Mr. Ranjeet Agrawal as…
Read the full analysis - S H Kelkar and Company Limited receives unsolicited ESG rating of 52 from CRISILCompany Updatelow impact
Cruxal's analysis: S H Kelkar and Company Limited has been assigned an independent ESG rating of 52 by…
Read the full analysis - S H Kelkar Reports Strong Q1 FY27 with 14% Revenue Growth and 21% EBITDA Increase, Margin Expansion Driven by Flavours and International MarketsCompany Updatehigh impact
Cruxal's analysis: S H Kelkar and Company Limited announced robust Q1 FY27 results, with consolidated…
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