S H Kelkar and Company Limited

NSE: SHK · Unclassified

₹130.06-1.92%06 Nov 2026

Ask the data

Instant answers about S H Kelkar and Company Limited — computed from its filings, no language model

Market cap₹1,800 cr

Current price₹130.06

High / Low₹224 / ₹112

P/E19.1

P/B1.27

Book value₹102.6

ROE6.6%

ROCE9.2%

Debt / equity0.68

Dividend yield1.54%

EPS (TTM)₹6.82

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,043	1,114	1,322	1,564	1,687	1,930	2,123	2,368
EBITDA	162	158	236	215	217	307	297	242
Operating margin	15.6%	14.2%	17.8%	13.7%	12.9%	15.9%	14.0%	10.2%
Interest	4	25	17	16	24	41	49	56
Depreciation	24	52	62	72	80	89	95	119
Profit before tax	143	53	193	132	105	182	116	112
Tax	51	19	50	-17	41	59	41	43
Net profit	0	0	0	149	61	122	73	69
EPS ₹	6.52	2.56	10.48	10.81	4.53	8.93	5.31	5.00
Operating cash flow	—	—	—	50	189	107	16	263
Capex	—	—	—	27	69	61	96	206
Dividend paid	—	—	—	11	19	29	10	28
Total assets	—	—	—	—	2,222	2,402	2,685	2,913
Equity	—	—	—	—	1,064	1,213	1,272	1,362

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	285	236	284	255	279	290	271	193	354	378	397	356	359	399	451	415	414	385	472	445	455	496	533	470	542	543	567	581	554	584	650	662	636
Operating profit	27	33	37	38	38	43	32	31	71	67	67	41	54	59	60	55	52	43	67	70	72	77	88	78	81	65	73	73	53	56	60	89	79
Operating margin	9.5%	13.9%	13.0%	15.1%	13.7%	14.9%	11.7%	16.1%	20.1%	17.7%	16.9%	11.7%	15.0%	14.9%	13.3%	13.2%	12.5%	11.3%	14.2%	15.8%	15.7%	15.5%	16.5%	16.6%	14.9%	11.9%	12.9%	12.6%	9.5%	9.6%	9.2%	13.4%	12.4%
Other income	15	3	6	7	1	2	2	4	6	5	8	3	1	4	9	0	9	2	1	1	2	2	2	1	21	1	2	1	0	1	7	1	3
Interest	2	2	2	4	7	7	4	5	4	4	4	3	4	4	5	5	5	6	7	10	10	11	10	10	13	14	13	13	14	14	15	15	17
Depreciation	6	7	8	9	13	14	13	12	15	17	18	17	17	17	20	20	20	20	21	22	22	23	23	22	24	23	25	26	27	27	39	35	38
Profit before tax	32	28	33	32	19	-12	18	19	71	51	53	24	27	43	37	32	35	19	19	39	41	46	57	-73	64	28	97	36	12	50	14	69	27
Tax	12	10	5	10	4	-1	6	4	17	16	13	-57	5	11	24	8	10	6	18	11	11	13	23	12	24	10	-6	11	3	16	13	24	12
Net profit	0	19	0	0	0	0	0	0	0	0	0	0	21	0	12	22	24	13	2	27	29	32	34	-87	40	18	103	26	9	33	2	45	15
EPS ₹	1.48	1.30	2.01	1.50	1.09	-0.78	0.91	1.11	3.91	2.56	2.91	5.90	1.61	2.35	0.91	1.60	1.80	0.96	0.17	2.01	2.16	2.37	2.46	-6.25	2.87	1.27	7.41	1.85	0.66	2.36	0.13	3.28	1.05
Revenue YoY	—	—	—	—	-1.5%	13.8%	—	—	26.9%	30.3%	46.4%	84.7%	1.2%	5.6%	13.5%	16.7%	15.4%	-3.6%	4.8%	7.3%	10.0%	28.9%	12.8%	5.6%	19.1%	9.5%	6.4%	23.5%	2.1%	7.5%	14.6%	14.1%	14.9%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	15.8%	—	-81.5%	26.0%	20.7%	148.0%	1359.3%	-418.1%	35.7%	-45.5%	204.1%	—	-76.9%	86.4%	-98.2%	77.6%	58.1%

Earlier results (standalone, Dec '15 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

S H Kelkar and Company Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY17†
Revenue	668
Operating profit	101
Operating margin	15.1%
Other income	11
Interest	2
Depreciation	7
Profit before tax	103
Tax	29
Net profit	74

Quarters

showing latest 8 of 9 periods

	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	135	167	158	172	166	171	161	140	197
Operating profit	24	30	35	27	28	11	27	18	32
Operating margin	18.0%	17.9%	22.0%	15.7%	16.8%	6.5%	16.6%	12.8%	16.3%
Other income	2	3	2	2	4	4	3	3	4
Interest	2	0	1	1	1	1	1	1	1
Depreciation	3	4	2	2	2	2	2	3	2
Profit before tax	21	29	35	27	29	13	27	18	33
Tax	4	10	12	8	6	3	9	6	11
Net profit	17	20	23	19	23	10	18	12	23
EPS ₹	1.23	1.44	1.58	1.29	1.58	0.69	1.24	0.83	1.56
Revenue YoY	—	—	—	—	23.2%	2.8%	1.6%	-18.8%	18.5%
Profit YoY	—	—	—	—	37.4%	-49.8%	-21.1%	-35.8%	-1.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	DEC '18	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	5.6%	6.9%	5.7%	6.3%	6.3%	8.0%	10.1%	0.7%	1.6%	0.4%	5.8%	14.6%	11.6%	12.8%	5.1%	6.5%	6.6%
ROCE	—	—	—	—	—	—	—	—	—	—	10.1%	8.8%	7.6%	8.4%	8.7%	10.5%	12.2%	6.1%	7.2%	6.5%	8.2%	13.8%	10.7%	11.7%	7.6%	9.2%	9.2%
Net margin	1.8%	0.0%	0.0%	0.0%	0.0%	0.0%	1.4%	1.4%	2.1%	3.4%	3.5%	4.3%	3.6%	3.9%	4.1%	4.9%	6.3%	0.4%	0.9%	0.2%	3.4%	8.3%	6.9%	7.4%	2.9%	3.6%	3.7%
EBITDA margin	12.7%	13.9%	16.0%	16.8%	17.8%	16.6%	15.4%	14.7%	13.7%	14.0%	13.5%	12.6%	12.9%	13.6%	14.4%	15.3%	15.9%	16.1%	15.9%	14.9%	14.0%	13.1%	11.7%	11.2%	10.2%	10.5%	11.2%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.58	0.58	0.58	0.58	0.53	0.53	0.51	0.51	0.62	0.62	0.59	0.59	0.60	0.60	0.62	0.62	0.68
Interest coverage	14.13	2.97	5.91	10.51	12.32	13.56	11.01	10.93	9.17	8.78	8.79	6.69	5.38	4.85	4.48	4.76	5.42	2.71	3.12	2.62	3.35	5.30	4.24	4.66	3.02	3.53	3.62
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.79	0.78	0.76	0.77	0.74	0.79	0.80	0.81	0.76	0.78	0.79	0.83	0.80	0.81	0.81	0.84	0.83

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	138	138	138	138	138	138	138	138	138
Other equity / reserves	900	926	1,003	1,074	1,026	1,134	1,191	1,223	1,282
Total equity	1,039	1,064	1,141	1,213	1,164	1,272	1,330	1,362	1,420
Borrowings	601	620	609	617	726	745	799	851	973
Current liabilities	653	709	895	934	1,239	1,131	1,157	1,159	1,225
Non-current liabilities	390	411	295	254	271	281	318	392	400
Total assets	2,123	2,222	2,369	2,402	2,674	2,685	2,805	2,913	3,045
Property, plant & equipment	392	387	379	419	405	460	514	464	456
Capital work-in-progress	8	22	28	7	26	39	59	90	134
Investments	11	23	65	10	12	11	13	11	11
Inventories	540	603	666	657	767	718	746	665	799
Receivables	421	438	444	490	501	506	559	635	615
Cash & equivalents	84	64	90	100	134	86	87	64	62

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	50	189	107	16	263
Cash from investing	-160	-103	-82	-72	-205
Cash from financing	13	-175	8	99	-158
Capex	27	69	61	96	206
Free cash flow	23	121	47	-80	57
Dividends paid	11	19	29	10	28

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹456 cr15%

CWIP

₹134 cr4%

Investments

₹11 cr0%

Inventories

₹799 cr26%

Receivables

₹615 cr20%

Cash & equivalents

₹62 cr2%

Other assets

₹968 cr32%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
S H Kelkar and Company Limited	1,800	130.06	19.1	1.27	6.6%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-8.2%

6 months-16.4%

1 year-42.6%

3Y CAGR-5.5%

5Y CAGR-3.2%

10Y CAGR-8.2%

50-day avg₹138.58

200-day avg₹141.91

RSI (14)37

FAQs

What is the share price of S H Kelkar and Company Limited?

S H Kelkar and Company Limited (SHK) closed at ₹130.06 on NSE on 06 Nov 2026.

What is the market cap of S H Kelkar and Company Limited?

₹1,800 crore at the latest close.

What is the P/E ratio of S H Kelkar and Company Limited?

19.1, on trailing-twelve-month earnings from its filings.

How fast is S H Kelkar and Company Limited growing?

S H Kelkar and Company Limited: revenue has compounded at 12.0% a year over three years; net profit at 4.2% a year. Latest-quarter revenue is up 14.9% year on year, profit up 58.1%.

How profitable is S H Kelkar and Company Limited?

On a trailing-twelve-month basis return on equity is 6.6%, return on capital employed 9.2%, operating margin 11.2%, net margin 3.7%.

How much debt does S H Kelkar and Company Limited have?

S H Kelkar and Company Limited is moderately geared: debt to equity is 0.68 with borrowings of ₹973 cr against cash of ₹62 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.6 times.

Financials parsed from S H Kelkar and Company Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.