S H Kelkar and Company logo

S H Kelkar and Company share price

NSE: SHKBSE: 539450Chemicals & PetrochemicalsSmall Cap

Last close ₹125.46down ₹4.83 (3.71%)BSE ₹125.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹130.29.

52-week range of traded prices to 23 Oct 2026
₹111.98Low, 30 Mar 2026₹231.28High, 23 Oct 2025
Market cap
₹1,737 Cr1,162nd largest listed
P/E
19.5
P/E without one-offs
70.2
P/B
1.3
Dividend yield
0.80%
ROE
6.8%
ROE without one-offs
1.9%
ROCE
5.8%
Debt to equity
0.62
Volume, NSE
2,99,44154.3% delivered

Share price

Daily closes since Nov 2015, adjusted for splits and bonuses

−45.0%over a year

Results20-session average 2,35,798 shares a day, 51.6% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 28 Jul

Revenue
₹662 Crup 1.92%
Net profit
₹45 Crup 2,423.89%
Net margin
6.9%

Revenue by year

Net profit by year, a loss in red

The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

₹ croreSep 2024Filed 14 NovDec 2024Filed 12 FebMar 2025Filed 12 JunJun 2025Filed 8 AugSep 2025Filed 7 NovDec 2025Filed 6 FebMar 2026Filed 15 MayJun 2026Filed 28 Jul
Revenue543543567581554584650662
Net profit401810326933245
Net margin7.3%3.2%18.1%4.4%1.7%5.6%0.3%6.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Fragrance₹2,127 Crup 9.79%89.8%
  • Flavours₹241 Crup 29.66%10.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 98% of 2,456 trading days since Nov 2016.

LowestHighest
Its median23.0Industry median24.5
Price to book

At or below today's level on 5% of 1,974 trading days since Nov 2018.

LowestHighest
Its median2.0Industry median2.5
EV to EBITDA9.8

At or below today's level on 11% of 1,974 trading days since Nov 2018.

LowestHighest
Its median11.2Industry median16.2
Dividend yield

At or below today's level on 62% of 2,479 trading days over the last 10 years.

LowestHighest
Its median0.66%Industry median0.52%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−35.5%−5.8%−32.4%0.9%
3 years+4.7%+4.2%−0.1%0.6%
5 years+1.0%−13.3%+15.6%0.9%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023, Mar 2025 and Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters54.87%
  • Foreign institutions5.28%
  • Indian institutions6.35%
  • Individuals and others33.50%
Holder
Ramesh Vinayak Vaze Family Trust (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee)Promoter19.51%
Knp Industries Pte LimitedPromoter10.75%
Firmenich Aromatics Production (India) Pvt LtdCompanies9.80%
Kedar Ramesh VazePromoter9.44%
Keva Constructions Private LimitedPromoter5.34%
India Insight Value FundForeign portfolio investors, category I2.12%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

4 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 1 of the 2 funds that added or cut is an index fund, an ETF or an arbitrage fund: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.

Added
1
Cut
1
Held unchanged
2
Fund
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund84,42,0280.33%₹119.0 Cr
Quantum Mutual Fund logoQuantum Small Cap FundQuantum Mutual Fund1,82,8230.98%₹2.58 Cr
Tata Mutual Fund logoTata Childrens FundTata Mutual Fund1,50,0000.67%₹2.12 Cr
Motilal Oswal Mutual Fund logoMotilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund143–₹20,000
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Specialty Chemicals, 130 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to S H Kelkar and Company in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Ddev Plastiks Industries logoDdev Plastiks IndustriesDDEVPLSTIK2,51111.82.58.3+15.3%+9.4%23.1%26.9%0.72%
NOCIL logoNOCILNOCIL2,45737.21.421.0+1.0%−29.0%3.7%3.4%1.02%
Rossari Biotech logoRossari BiotechROSSARI2,29715.01.68.1+19.8%+11.8%11.5%12.1%0.12%
Oriental Aromatics logoOriental AromaticsOAL1,943365.32.933.4+13.5%−77.7%0.8%3.6%0.09%
Indokem logoIndokemINDOKEM1,725770.226.8334.3−4.5%–3.5%3.1%0.00%
Titan Bio-Tech logoTitan Bio-TechTITANBIO1,68349.79.339.8+36.9%+54.0%20.2%20.1%0.12%
Vidhi Specialty Food Ingredients logoVidhi Specialty Food IngredientsVIDHIING1,59129.94.919.5+13.2%+11.7%16.9%19.3%0.47%
Camlin Fine Sciences logoCamlin Fine SciencesCAMLINFINE1,547263.01.524.0+8.4%–0.6%0.6%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹2.00 a share, year to Mar 2023.
Ex-dateTypePer share
13 Feb 2026Interim₹1.00
1 Aug 2025Final₹1.00
12 Apr 2024Interim₹0.75
3 Aug 2023Final₹2.00
2 Aug 2022Final₹0.75
2 Aug 2021Final₹0.75
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

S H Kelkar and Company share price by year

Each calendar year to 2025.S H Kelkar and Company share price history

YearClose at year endChangeHighest closeLowest close
2025179.18−27.4%268.11160.95
2024246.70+69.6%327.30143.90
2023145.45+2.1%171.6082.55
2022142.45−8.1%169.85127.35
2021155.00+28.6%193.00110.95
2020120.50+9.2%138.8048.90
2019110.30−35.8%181.30103.40
2018171.80−42.4%310.25166.45
2017298.50−3.9%335.40237.85
2016310.50+22.5%343.75210.30
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026130.29130.43124.00125.46125.542,99,44154.3%
22 Oct 2026130.26133.45128.11130.29130.081,03,48146.9%
21 Oct 2026134.89135.00128.91130.26131.832,97,42357.6%
19 Oct 2026139.48139.90133.25134.89135.122,62,28455.3%
16 Oct 2026135.78139.90135.50138.76138.901,41,58949.9%
15 Oct 2026138.30142.00134.52135.78136.262,01,34455.2%
14 Oct 2026138.05139.75135.99138.30138.241,64,90150.0%
13 Oct 2026137.48138.79134.26137.39136.112,07,87958.3%
12 Oct 2026136.15139.75135.96136.87138.201,87,73450.9%
9 Oct 2026135.11139.00135.11136.61136.881,82,50248.3%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
S H Kelkar and Company Limited
NSE symbol
SHK
BSE code
539450
ISIN
INE500L01026
Industry
Chemicals & Petrochemicals
Listed
Nov 2015
Face value
₹10
CIN
L74999MH1955PLC009593
Corporate identity number, the registrar of companies' code for it