S H Kelkar and Company Limited

Chemicals · Chemicals & Petrochemicals

NSE: SHK BSE: 539450

₹137.42

Oct. 5, 2026 · NSE · nse_bhavcopy

Peers in Chemicals & Petrochemicals

The largest companies in the same industry by market cap. This company ranks #58 of 221. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Solar Industries India Limited	176,818	136.0	26.5%	38.2%	—	95	7	50
Pidilite Industries Limited	151,414	59.0	22.4%	-0.1%	0.77%	91	0	27
SRF Limited	72,921	38.5	13.1%	-16.3%	0.41%	73	8	14
Linde India Limited	51,520	93.9	12.9%	-1.7%	0.07%	74	0	50
Gujarat Fluorochemicals Limited	48,661	69.9	7.3%	21.6%	0.07%	75	0	30
Navin Fluorine International Limited	42,428	74.9	16.7%	80.8%	—	83	33	48
Himadri Speciality Chemical Limited	33,292	41.8	15.9%	44.5%	0.12%	84	25	67
Aether Industries Limited	22,044	121.2	8.9%	120.0%	—	81	0	85
S H Kelkar and Company Limited (this stock)	1,902	42.7	5.1%	-42.8%	0.73%	42	46	65

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹2,325 Cr

EV / EBITDA

20.3x

EV / Sales

1.82x

Market cap / Sales

1.49x

Earnings yield

2.34%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 338 Cr, down 0.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 15 Cr, up 271.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	337	20	15	₹1.1000
March 31, 2026	336	-0	0	₹0.0100
Dec. 31, 2025	298	25	19	₹1.3500
Sept. 30, 2025	307	11	11	₹0.7600
June 30, 2025	339	5	4	₹0.3000
March 31, 2025	278	43	61	₹4.4000
Dec. 31, 2024	298	8	6	₹0.4600
Sept. 30, 2024	324	21	11	₹0.8000
June 30, 2024	237	-91	-92	₹-6.6320
March 31, 2024	248	22	16	₹1.1830
Dec. 31, 2023	231	29	22	₹1.5800
Sept. 30, 2023	238	29	22	₹1.6070
June 30, 2023	224	42	35	₹2.5700

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	338	352	302	320	340	280	299	326	248	250	233	239	239
Operating revenue	337	336	298	307	339	278	298	324	237	248	231	238	224
Other income	1	15	4	13	1	1	1	2	11	2	2	1	15
Operating expenses	333	338	292	296	324	272	278	294	211	220	196	202	189
Operating profit	4	-1	6	11	15	6	20	30	25	28	36	36	35
Operating profit margin	1.3%	-0.3%	1.9%	3.6%	4.4%	2.3%	6.8%	9.3%	10.8%	11.3%	15.4%	15.1%	15.7%
Depreciation	8	7	7	7	7	8	6	6	6	6	6	6	6
Interest	8	7	7	7	6	5	7	4	2	2	2	2	2
Exceptional items, gain / (loss)	30	—	29	1	2	48	—	—	-120	—	—	—	—
Profit before tax	20	-0	25	11	5	43	8	21	-91	22	29	29	42
Tax	5	-0	7	1	1	-17	1	10	1	6	8	7	7
Net profit	15	—	19	11	4	—	6	11	-92	16	22	22	35
EPS	1.10	0.01	1.35	0.76	0.30	4.40	0.46	0.80	-6.63	1.18	1.58	1.61	2.57
Net profit (TTM)	—	—	—	—	—	—	-58	-43	-32	94	93	88	68
EPS (TTM)	3.22	2.42	6.81	5.92	5.96	-0.97	-4.19	-3.07	-2.26	6.94	6.87	6.48	5.07

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,280	41	33
March 31, 2025	1,137	-18	-14
March 31, 2024	941	123	94
March 31, 2023	880	77	52

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	13.7%	10.6%	1,314^†	1,153^†	961^†	893^†	820^†	795^†	728^†	713^†	712^†	680^†
Operating revenue	13.3%	11.0%	1,280	1,137	941	880	807^†	761^†	715^†	694^†	698^†	668^†
Other income	—	—	34^†	16^†	21^†	14^†	13^†	34^†	13^†	19^†	14^†	11^†
Operating expenses	—	—	1,250^†	1,055^†	806^†	754^†	722^†	662^†	647^†	629^†	595^†	565^†
Operating profit	-37.6%	-21.1%	30^†	82^†	134^†	125^†	85^†	99^†	68^†	65^†	103^†	103^†
Operating profit margin	—	—	2.4%^†	7.2%^†	14.3%^†	14.2%^†	10.5%^†	13.0%^†	9.5%^†	9.3%^†	14.8%^†	15.4%^†
Depreciation	—	—	29^†	26^†	26^†	27^†	28^†	28^†	28^†	15^†	11^†	7^†
Interest	—	—	27^†	19^†	7^†	5^†	4^†	7^†	14^†	7^†	3^†	2^†
Exceptional items, gain / (loss)	—	—	32^†	-71^†	0^†	-30^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-18.7%	-16.1%	41	-18	123	77	66^†	99^†	39^†	62^†	103^†	103^†
Tax	—	—	8^†	-5^†	28^†	24^†	24^†	20^†	10^†	17^†	34^†	29^†
Net profit	-13.8%	-15.9%	33	-14	94	52	42^†	79^†	28^†	45^†	69^†	74^†
EPS	-14.4%	-15.8%	2.42^†	-0.97^†	6.94^†	3.86^†	3.09^†	5.73^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	2.4%^†	7.2%^†	14.3%^†	14.2%^†	10.5%^†	13.0%^†	9.5%^†	9.3%^†	14.8%^†	15.4%^†
EBIT margin	5.3%^†	0.0%^†	13.8%^†	9.3%^†	8.7%^†	13.9%^†	7.3%^†	9.9%^†	15.2%^†	15.8%^†
PBT margin	3.2%	-1.6%	13.0%	8.7%	8.2%^†	13.0%^†	5.4%^†	9.0%^†	14.8%^†	15.4%^†
Net margin	2.6%	-1.2%	10.0%	5.9%	5.3%^†	10.4%^†	4.0%^†	6.5%^†	9.9%^†	11.1%^†
Interest coverage	2.53x^†	0.01x^†	18.98x^†	16.47x^†	17.91x^†	15.46x^†	3.80x^†	10.56x^†	33.65x^†	43.77x^†
Dividend payout	82.6%^†	—	28.8%^†	19.4%^†	24.3%^†	17.5%^†	—	—	—	—
Earnings retention	17.4%^†	—	71.2%^†	80.6%^†	75.7%^†	82.5%^†	—	—	—	—
Current ratio	1.03x	1.26x	—	—	—	—	—	—	—	—
Quick ratio	0.45x	0.53x	—	—	—	—	—	—	—	—
Debt to equity	0.58x	0.40x	—	—	—	—	—	—	—	—
Return on equity	4.5%	-1.8%	—	—	—	—	—	—	—	—
Return on assets	2.2%	-0.9%	—	—	—	—	—	—	—	—
Return on capital employed	7.2%^†	0.0%^†	—	—	—	—	—	—	—	—
Asset turnover	0.83x	0.79x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	99	-160	55	114	-15
March 31, 2025	-13	-178	182	34	-47
March 31, 2024	30	-20	4	9	22
March 31, 2023	-11	-24	33	22	-33
March 31, 2022	87	7	-115	12	75

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,539	739	601	231	199	609	592	7	132	344
March 31, 2025	1,439	734	595	158	138	688	547	13	124	397
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.