S H Kelkar and Company Limited, together with its subsidiaries, manufactures and supplies fragrances, flavors, and aroma ingredients in India.
+ 1 more risk
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has S H Kelkar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 539450's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 539450 underperformed the Indian Chemicals industry which returned -14.8% over the past year.
Return vs Market: 539450 underperformed the Indian Market which returned -29.3% over the past year.
Price Volatility Vs. Market
How volatile is S H Kelkar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is S H Kelkar undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 539450 (₹75.55) is trading below our estimate of fair value (₹80.49)
Significantly Below Fair Value: 539450 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 539450 is poor value based on its PE Ratio (25x) compared to the Chemicals industry average (7.7x).
PE vs Market: 539450 is poor value based on its PE Ratio (25x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: 539450 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 539450 is overvalued based on its PB Ratio (1.3x) compared to the IN Chemicals industry average (0.8x).
How is S H Kelkar forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 539450's forecast earnings growth (40.8% per year) is above the savings rate (6.5%).
Earnings vs Market: 539450's earnings (40.8% per year) are forecast to grow faster than the Indian market (19.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 539450's revenue (12.5% per year) is forecast to grow faster than the Indian market (8.9% per year).
High Growth Revenue: 539450's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 539450's Return on Equity is forecast to be low in 3 years time (12.6%).
How has S H Kelkar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 539450 has a large one-off loss of ₹524.1M impacting its December 31 2019 financial results.
Growing Profit Margin: 539450's current net profit margins (3.8%) are lower than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: 539450's earnings have grown by 1% per year over the past 5 years.
Accelerating Growth: 539450's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 539450 had negative earnings growth (-52.8%) over the past year, making it difficult to compare to the Chemicals industry average (10%).
Return on Equity
High ROE: 539450's Return on Equity (5%) is considered low.
How is S H Kelkar's financial position?
Financial Position Analysis
Short Term Liabilities: 539450's short term assets (₹7.7B) exceed its short term liabilities (₹5.6B).
Long Term Liabilities: 539450's short term assets (₹7.7B) exceed its long term liabilities (₹707.2M).
Debt to Equity History and Analysis
Debt Level: 539450's debt to equity ratio (50.4%) is considered high.
Reducing Debt: 539450's debt to equity ratio has increased from 45.4% to 50.4% over the past 5 years.
Debt Coverage: 539450's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: 539450's interest payments on its debt are well covered by EBIT (5.2x coverage).
Inventory Level: 539450 has a high level of physical assets or inventory.
Debt Coverage by Assets: 539450's debt is covered by short term assets (assets are 1.8x debt).
What is S H Kelkar's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 539450's dividend (2.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: 539450's dividend (2.51%) is low compared to the top 25% of dividend payers in the Indian market (4.16%).
Stability and Growth of Payments
Stable Dividend: 539450 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 539450's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 539450's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kedar Vaze (45yo)
Mr. Kedar Ramesh Vaze has been Group Chief Executive Officer and Whole-Time Director of S H Kelkar and Company Limited since September 18, 2014 and September 04, 2010 respectively. Mr. Vaze has a many year ...
CEO Compensation Analysis
Compensation vs Market: Kedar's total compensation ($USD222.89K) is above average for companies of similar size in the Indian market ($USD48.15K).
Compensation vs Earnings: Kedar's compensation has been consistent with company performance over the past year.
|Group CEO & Whole-Time Director||5.5yrs||₹16.80m||12.01% ₹1.3b|
|Executive VP & Group CFO||1.25yrs||no data||no data|
|Compliance Officer||no data||₹1.08m||no data|
|Executive VP & Group Chief Human Resources Officer||6.67yrs||₹7.47m||no data|
|Senior Vice President - Fragrance Operations & Business Solutions||2.17yrs||₹4.70m||no data|
|Executive Vice President of Business Development||no data||no data||no data|
|Executive Vice President of AID||0.67yr||no data||no data|
Experienced Management: 539450's management team is considered experienced (2.2 years average tenure).
|Group CEO & Whole-Time Director||5.5yrs||₹16.80m||12.01% ₹1.3b|
|Non-Executive Independent Director||5.25yrs||₹1.30m||no data|
|Non-Independent Non-Executive Director||7.58yrs||no data||no data|
|Non-Executive Independent Director||5yrs||₹1.10m||no data|
|Non-Executive Independent Director||5yrs||₹1.60m||no data|
|Non-Executive Chairman||0.50yr||₹25.70m||19.76% ₹2.1b|
|Non-Executive Non-Independent Director||39.42yrs||₹600.00k||3.56% ₹371.3m|
|Non-Executive Independent Director||5.25yrs||₹1.40m||no data|
|Additional Non-Executive Independent Director||1.83yrs||₹1.00m||no data|
|Independent Director||0.25yr||no data||no data|
Experienced Board: 539450's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
S H Kelkar and Company Limited's company bio, employee growth, exchange listings and data sources
- Name: S H Kelkar and Company Limited
- Ticker: 539450
- Exchange: BSE
- Founded: 1922
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: ₹10.422b
- Shares outstanding: 137.95m
- Website: https://www.keva.co.in
Number of Employees
- S H Kelkar and Company Limited
- Lal Bahadur Shastri Marg
- Near Balrajeshwar Temple
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|539450||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Nov 2015|
|SHK||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Nov 2015|
S H Kelkar and Company Limited, together with its subsidiaries, manufactures and supplies fragrances, flavors, and aroma ingredients in India. Its fragrances are used in personal care, hair care, skin care and cosmetic, fabric care, and household products, as well as in fine fragrances; and flavors are used in dairy, beverage, confectionery, bakery, pharmaceutical, and savory products. The company markets its products under the SHK, Cobra, Keva, and Auris brand names to national and multi-national FMCG companies, blenders of fragrances and flavors, and fragrance and flavor producers. It also exports its products to approximately 50 countries worldwide through a distributor model. The company was formerly known as S H Kelkar And Company Private Limited and changed its name to S H Kelkar and Company Limited in March 2015. S H Kelkar and Company Limited was founded in 1922 and is based in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 13:29|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.