S H Kelkar & Company Ltd (SHK): Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of S H Kelkar & Company Ltd (SHK)?

S H Kelkar & Company Ltd (SHK) is trading at 123.00 as of 25 April 2026, with a FY2026-2027 high of 276 and low of 112. The stock is currently near its 52-week low. Market cap stands at 1,707 Cr..

Q: Is S H Kelkar & Company Ltd (SHK) financially healthy?

Key indicators: ROCE of 10.3 % is moderate. Dividend yield is 0.81 %.

Q: Is S H Kelkar & Company Ltd (SHK) profitable and how is the profit trend?

S H Kelkar & Company Ltd (SHK) reported a net profit of 73 Cr in Mar 2025 on revenue of 2,123 Cr. Compared to 149 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹109.81Overvalued by 10.72%vs CMP ₹123.00

P/E (18.4) × ROE (7.7%) × BV (₹96.10) × DY (0.81%)

₹131.92Fairly Valued by 7.25%vs CMP ₹123.00

MoS: +6.8% (Thin)Confidence: 48/100 (Moderate)Models: 4 Under, 2 Fair, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹112.81	26%	Fair (-8.3%)
Graham Number	Earnings	₹162.95	18%	Under (+32.5%)
DCF	Cash Flow	₹86.98	15%	Over (-29.3%)
Net Asset Value	Assets	₹95.76	8%	Over (-22.1%)
EV/EBITDA	Enterprise	₹161.33	10%	Under (+31.2%)
Earnings Yield	Earnings	₹122.80	8%	Fair (-0.2%)
ROCE Capital	Returns	₹198.84	8%	Under (+61.7%)
Revenue Multiple	Revenue	₹152.98	6%	Under (+24.4%)
Consensus (8 models)		₹131.92	100%	Fairly Valued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 2.7%

*Investments are subject to market risks

Analyst Summary

S H Kelkar & Company Ltd (SHK) operates in the Chemicals - Others segment, current market price is ₹123.00, market cap is 1,707 Cr.. At a glance, stock P/E is 18.4, ROE is 7.70 %, ROCE is 10.3 %, book value is 96.1, dividend yield is 0.81 %. The latest intrinsic value estimate is ₹131.92, which is about 7.3% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹2,123 Cr versus the prior period change of 15.3%, while latest net profit is about ₹73 Cr with a prior-period change of -41.1%. The 52-week range shown on this page is 276/112, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisS H Kelkar & Company Ltd. is a Public Limited Listed company incorporated on 01/07/1955 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for S H Kelkar & Company Ltd (SHK): Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

S H Kelkar & Company Ltd (SHK) scores 63/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health62/100 · Moderate

ROCE 10.3% AverageROE 7.7% AverageD/E 0.51 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money65/100 · Strong

FII holding stable No changeDII holding up 2.58% MF buyingPromoter holding at 54.9% Stable

Earnings Quality50/100 · Moderate

OPM stable around 16% Steady

Quarterly Momentum80/100 · Strong

Revenue (4Q): +11% YoY GrowingProfit (4Q): +4,175% YoY Strong

Industry Rank65/100 · Strong

P/E 18.4 vs industry 27.8 Cheaper than peersROCE 10.3% vs industry 10.6% Average3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:36 am

Market Cap	1,707 Cr.
Current Price	123
Intrinsic Value	₹131.92
High / Low	276/112
Stock P/E	18.4
Book Value	96.1
Dividend Yield	0.81 %
ROCE	10.3 %
ROE	7.70 %
Face Value	10.0
PEG Ratio	6.73

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for S H Kelkar & Company Ltd (SHK)

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
S H Kelkar & Company Ltd (SHK)	1,707 Cr.	123	276/112	18.4	96.1	0.81 %	10.3 %	7.70 %	10.0
Shree Pushkar Chemicals & Fertilizers Ltd	1,038 Cr.	321	477/220	14.1	179	0.62 %	11.6 %	11.4 %	10.0
Andhra Sugars Ltd	991 Cr.	73.1	88.0/63.3	9.80	121	1.09 %	3.54 %	2.51 %	2.00
Tamil Nadu Petro Products Ltd	752 Cr.	83.6	130/65.3	6.98	109	1.44 %	6.97 %	5.10 %	10.0
Diamines & Chemicals Ltd	243 Cr.	242	458/208		158	0.41 %	3.33 %	1.78 %	10.0
Industry Average	14,448.13 Cr	1,113.70		27.79	204.33	0.49%	10.57%	8.89%	7.60

All Competitor Stocks of S H Kelkar & Company Ltd (SHK)

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	385	472	423	455	472	513	470	542	543	567	581	554	584
Expenses	341	405	355	384	396	424	392	462	480	494	508	502	528
Operating Profit	43	67	68	72	76	90	78	80	64	73	73	52	55
OPM %	11%	14%	16%	16%	16%	17%	17%	15%	12%	13%	13%	9%	9%
Other Income	2	-20	2	2	2	-0	-120	21	1	61	3	1	34
Interest	6	7	10	10	10	10	10	13	14	13	13	14	14
Depreciation	20	21	21	22	22	22	22	24	23	25	26	27	27
Profit before tax	19	19	39	41	46	57	-74	64	27	97	37	12	49
Tax %	29%	94%	28%	27%	30%	42%	17%	38%	36%	-6%	30%	25%	33%
Net Profit	13	1	28	30	32	33	-87	40	18	103	26	9	33
EPS in Rs	0.94	0.17	1.96	2.12	2.33	2.45	-6.25	2.87	1.27	7.41	1.85	0.66	2.36

Last Updated: March 3, 2026, 3:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	761	834	925	981	1,021	1,048	1,114	1,322	1,564	1,687	1,841	2,123	2,286
Expenses	628	716	774	814	862	908	955	1,083	1,350	1,469	1,537	1,828	2,032
Operating Profit	132	119	151	167	159	141	160	239	215	217	304	296	254
OPM %	17%	14%	16%	17%	16%	13%	14%	18%	14%	13%	17%	14%	11%
Other Income	12	25	10	12	13	21	-28	36	6	-8	5	-38	99
Interest	18	19	22	6	5	16	26	20	16	24	40	49	53
Depreciation	19	29	30	19	24	31	52	62	72	80	86	95	105
Profit before tax	109	94	110	153	143	115	54	194	132	104	183	114	195
Tax %	27%	26%	34%	31%	35%	24%	34%	26%	-13%	40%	32%	36%
Net Profit	79	70	73	105	94	88	36	144	149	63	124	73	170
EPS in Rs	5,980.35	5.32	5.05	7.25	6.49	6.12	2.53	10.24	10.73	4.42	8.84	5.29	12.28
Dividend Payout %	19%	28%	30%	24%	27%	0%	38%	17%	7%	45%	8%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-11.39%	4.29%	43.84%	-10.48%	-6.38%	-59.09%	300.00%	3.47%	-57.72%	96.83%	-41.13%
Change in YoY Net Profit Growth (%)	0.00%	15.68%	39.55%	-54.31%	4.09%	-52.71%	359.09%	-296.53%	-61.19%	154.54%	-137.95%

S H Kelkar & Company Ltd (SHK) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	14%
3 Years:	11%
TTM:	17%

Compounded Profit Growth
10 Years:	5%
5 Years:	11%
3 Years:	-15%
TTM:	15%

Stock Price CAGR
10 Years:	%
5 Years:	27%
3 Years:	21%
1 Year:	9%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	8%
Last Year:	8%

Last Updated: September 5, 2025, 1:15 pm

Balance Sheet

Last Updated: December 4, 2025, 1:54 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	13	132	145	145	145	145	141	141	138	138	138	138	138
Reserves	467	368	571	667	712	719	683	810	875	926	1,074	1,134	1,191
Borrowings	212	252	85	74	172	342	365	518	698	620	666	832	889
Other Liabilities	169	187	201	187	246	222	277	405	568	518	502	556	587
Total Liabilities	861	939	1,003	1,073	1,275	1,427	1,466	1,874	2,279	2,202	2,381	2,660	2,805
Fixed Assets	251	274	227	296	352	462	472	741	959	914	933	953	1,052
CWIP	50	10	18	7	60	38	18	28	9	26	13	46	59
Investments	0	0	35	50	96	97	97	1	1	23	10	11	13
Other Assets	559	655	722	720	767	830	879	1,103	1,309	1,239	1,425	1,650	1,681
Total Assets	861	939	1,003	1,073	1,275	1,427	1,466	1,874	2,279	2,202	2,381	2,660	2,805

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	32	62	86	102	103	77	205	195	50	197	107	16
Cash from Investing Activity +	-62	-17	-77	-103	-162	-138	-42	-148	-134	-110	-84	-69
Cash from Financing Activity +	36	-7	-24	-16	28	49	-196	88	12	-175	8	99
Net Cash Flow	6	37	-14	-17	-31	-12	-33	135	-71	-88	32	46
Free Cash Flow	-7	40	63	64	-17	-39	161	165	52	149	47	-80
CFO/OP	50%	76%	84%	89%	87%	81%	146%	87%	52%	109%	55%	24%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-80.00	-133.00	66.00	93.00	-13.00	-201.00	-205.00	-279.00	-483.00	-403.00	-362.00	-536.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	86	85	90	81	99	99	104	103	108	95	97	87
Inventory Days	255	252	239	247	233	239	201	216	225	228	243	227
Days Payable	80	76	116	78	104	86	103	125	143	138	132	126
Cash Conversion Cycle	261	261	213	250	228	252	202	195	190	185	209	187
Working Capital Days	157	70	135	128	110	86	55	91	90	88	63	62
ROCE %	18%	14%	17%	19%	17%	12%	10%	15%	10%	8%	12%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	58.65%	58.95%	58.95%	58.95%	58.95%	58.75%	55.63%	55.63%	55.48%	55.03%	54.87%	54.87%
FIIs	9.30%	9.68%	8.33%	8.24%	8.86%	8.71%	9.40%	7.54%	7.22%	6.96%	7.36%	6.79%
DIIs	2.78%	1.37%	1.42%	1.27%	0.27%	0.27%	2.26%	3.10%	3.44%	3.37%	5.69%	6.02%
Public	26.92%	27.66%	31.28%	31.52%	31.92%	32.27%	32.72%	33.75%	33.87%	34.64%	32.08%	32.33%
Others	2.34%	2.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	45,155	44,880	42,086	41,946	46,379	46,912	42,014	45,639	47,229	50,450	50,971	54,088

Shareholding Pattern Chart

No. of Shareholders

S H Kelkar & Company Ltd (SHK): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Bandhan Small Cap Fund	5,960,220	0.45	86.42	5,415,240	2026-02-23 03:11:26	10.06%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.31	8.93	4.53	10.81	10.48
Diluted EPS (Rs.)	5.31	8.93	4.53	10.81	10.48
Cash EPS (Rs.)	12.22	15.38	10.37	15.98	14.52
Book Value[Excl.RevalReserv]/Share (Rs.)	91.89	87.62	79.66	79.01	67.55
Book Value[Incl.RevalReserv]/Share (Rs.)	91.89	87.62	79.66	79.01	67.55
Revenue From Operations / Share (Rs.)	153.40	139.43	121.84	113.00	93.54
PBDIT / Share (Rs.)	23.18	22.60	16.55	16.77	18.35
PBIT / Share (Rs.)	16.34	16.15	10.74	11.59	14.00
PBT / Share (Rs.)	8.39	13.17	7.55	9.55	13.68
Net Profit / Share (Rs.)	5.37	8.93	4.56	10.79	10.17
NP After MI And SOA / Share (Rs.)	5.29	8.84	4.42	10.73	10.24
PBDIT Margin (%)	15.11	16.21	13.58	14.84	19.61
PBIT Margin (%)	10.65	11.58	8.81	10.25	14.96
PBT Margin (%)	5.47	9.44	6.19	8.45	14.62
Net Profit Margin (%)	3.50	6.40	3.74	9.55	10.87
NP After MI And SOA Margin (%)	3.44	6.34	3.62	9.49	10.94
Return on Networth / Equity (%)	5.75	10.09	5.74	14.66	15.20
Return on Capital Employeed (%)	14.55	15.22	9.82	10.20	14.93
Return On Assets (%)	2.72	5.09	2.75	6.46	7.62
Long Term Debt / Equity (X)	0.13	0.14	0.29	0.35	0.34
Total Debt / Equity (X)	0.58	0.50	0.53	0.62	0.51
Asset Turnover Ratio (%)	0.83	0.83	0.74	0.55	0.60
Current Ratio (X)	1.39	1.46	1.70	1.70	1.82
Quick Ratio (X)	0.75	0.75	0.85	0.93	1.07
Inventory Turnover Ratio (X)	3.09	3.06	1.72	1.58	1.82
Dividend Payout Ratio (NP) (%)	14.17	22.61	16.96	7.13	9.76
Dividend Payout Ratio (CP) (%)	6.18	13.07	7.32	4.81	6.85
Earning Retention Ratio (%)	85.83	77.39	83.04	92.87	90.24
Cash Earning Retention Ratio (%)	93.82	86.93	92.68	95.19	93.15
Interest Coverage Ratio (X)	6.49	7.58	9.59	14.35	15.19
Interest Coverage Ratio (Post Tax) (X)	3.75	3.99	4.49	10.97	8.69
Enterprise Value (Cr.)	3118.96	3356.30	1912.25	2576.78	1935.94
EV / Net Operating Revenue (X)	1.47	1.74	1.13	1.65	1.46
EV / EBITDA (X)	9.72	10.73	8.35	11.10	7.46
MarketCap / Net Operating Revenue (X)	1.16	1.47	0.81	1.27	1.19
Retention Ratios (%)	85.82	77.38	83.03	92.86	90.23
Price / BV (X)	1.93	2.34	1.29	1.96	1.66
Price / Net Operating Revenue (X)	1.16	1.47	0.81	1.27	1.19
EarningsYield	0.02	0.04	0.04	0.07	0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

S H Kelkar & Company Ltd. is a Public Limited Listed company incorporated on 01/07/1955 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1955PLC009593 and registration number is 009593. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 1137.47 Cr. and Equity Capital is Rs. 138.42 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Personal Care	Devkaran Mansion, Mumbai Maharashtra 400002	Contact not found

Management
Name	Position Held
Mr. Ramesh Vaze	Chairman & Non-Exe.Director
Mr. Kedar Vaze	WholeTime Director & Group CEO
Mrs. Prabha Vaze	Non Executive Director
Mr. Deepak Raj Bindra	Independent Director
Mr. Shrikant Oka	Independent Director
Mr. Vasant Gujarathi	Independent Director
Ms. Neela Bhattacherjee	Independent Director

FAQ

What is the intrinsic value of S H Kelkar & Company Ltd (SHK) and is it undervalued?

As of 25 April 2026, S H Kelkar & Company Ltd (SHK)'s intrinsic value is ₹131.92, which is 7.25% higher than the current market price of ₹123.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.70 %), book value (₹96.1), dividend yield (0.81 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of S H Kelkar & Company Ltd (SHK)?

S H Kelkar & Company Ltd (SHK) is trading at ₹123.00 as of 25 April 2026, with a FY2026-2027 high of ₹276 and low of ₹112. The stock is currently near its 52-week low. Market cap stands at ₹1,707 Cr..

How does S H Kelkar & Company Ltd (SHK)'s P/E ratio compare to its industry?

S H Kelkar & Company Ltd (SHK) has a P/E ratio of 18.4, which is below the industry average of 27.79. This is broadly in line with or below the industry average.

Is S H Kelkar & Company Ltd (SHK) financially healthy?

Key indicators for S H Kelkar & Company Ltd (SHK): ROCE of 10.3 % is moderate; ROE of 7.70 % is below ideal levels (industry average: 8.89%). Dividend yield is 0.81 %.

Is S H Kelkar & Company Ltd (SHK) profitable and how is the profit trend?

S H Kelkar & Company Ltd (SHK) reported a net profit of ₹73 Cr in Mar 2025 on revenue of ₹2,123 Cr. Compared to ₹149 Cr in Mar 2022, the net profit shows a declining trend.

Does S H Kelkar & Company Ltd (SHK) pay dividends?

S H Kelkar & Company Ltd (SHK) has a dividend yield of 0.81 % at the current price of ₹123.00. The company pays dividends, though the yield is modest.