S H Kelkar & Company Ltd. News and Updates

Name: Latest research reports of S H Kelkar & Company Ltd. authored by BP Wealth and published by - Trendlyne research reports.
Item: S H Kelkar & Company Ltd.
Rating: 5
Author: BP Wealth

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S H Kelkar & Company Ltd.

28 May 2020

251.57

0.37%

Buy SH Kelkar ; target of Rs 90: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on SH Kelkar has recommended buy rating on the stock with a target price of Rs 90 in its research report dated May 27, 2020.

S H Kelkar & Company Ltd. is trading above all available SMAs

S H Kelkar & Company Ltd.

12 Feb 2020

251.57

0.37%

BP Equities SH Kelkar & Co Ltd Q3FY20 Result Update

Buy: S H Kelkar & Company Ltd.

Target

BP Wealth

below our estimate of INR2985mn. Revenue growth was mainly led by 14.4% growth in fragrance segment on account of steady uptick in domestic market and increased client engagements. Overall domestic business grew by 20.7% (YoY) and Exports shown flat growth of 1.2% (YoY). EBITDA...

S H Kelkar & Company Ltd. is trading above all available SMAs

S H Kelkar & Company Ltd.

11 Feb 2020, 12:00AM

251.57

0.37%

Growth picks up; Raw material pricing eases

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

11 February 2020 SH Kelkars (SHKL) 3QFY20 operating performance was driven by improved demand in the Fragrances business (~90% of revenue). We expect growth momentum to be driven by demand pick-up in the underlying industry. Albeit the delay in CFF consolidation, we cut our earnings estimates for FY20 and increase estimates for FY21 on account of better demand outlook and easing RM pricing pressure. Reiterate Revenue grew 13% YoY (v/s est. EBIDTA increased 8% YoY to INR431m (v/s est. INR492m) with margin contracting 75bp YoY to 14.9% (v/s est. Adj. PAT was up 20% YoY at INR256m (v/s est. However, SHKL reported net loss of INR109m (v/s INR214m profit in 3QFY19) owing to one-time exceptional expense of INR365m on impairment of PPE and other cost related to the shutdown of a research facility in the Netherlands. Fragrances biz grew 14% YoY to INR2,595m, largely driven by growth in the domestic segment (+22% YoY), while the overseas segment remained muted at 1%.

Promoters pledged 0.05% of shares in last quarter. Total pledge stands at 5.65% of promoter holdings

S H Kelkar & Company Ltd.

03 Dec 2019

251.57

0.37%

Ideas for Profit | SH Kelkar: Recovering from domestic slowdown and restructuring

Moneycontrol

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S H Kelkar & Company Ltd. has gained 34.35% in the last 6 Months

S H Kelkar & Company Ltd.

14 Nov 2019

251.57

0.37%

BP Equities SH Kelkar & Co Ltd Q2FY20 Result Update

Buy: S H Kelkar & Company Ltd.

Target

BP Wealth

our estimate of INR2921mn. Revenue de-growth was mainly due to subdued sentiments in the FMCG segment. Overall domestic business decline by 8.3% (YoY) and Exports shown growth of11.5% (YoY). Despite a subdued environment, the Company is witnessing an improved traction in terms of...

Promoters pledged 0.05% of shares in last quarter. Total pledge stands at 5.65% of promoter holdings

S H Kelkar & Company Ltd.

27 Aug 2019

251.57

0.37%

Growth bounces back but revival to be gradual

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

27 August 2019 Revenue grew 15.6% YoY to INR2,744m (v/s est. INR2,611m), due to new product launches in the domestic FMCG market and healthy demand in international markets. EBIDTA stood at INR464m (v/s est. EBITDA margins expanded 260bp YoY (+770bp QoQ) to 16.9% (v/s est. 14.2%), largely driven by lower other expenses (down 330bp YoY) on adoption of IND-AS 116, which led to lower rental costs. PAT stood at INR185m (v/s est. Fragrances business grew 15% YoY (+1% QoQ) to INR2,435m, driven by strong traction in both domestic (up 10% YoY) and international business (up 26% YoY). Flavors business grew 14% YoY (+6% QoQ) to INR280m on increased client engagements and uptick in international business. Further, normalizing RM supply environment is likely to ease cost pressure. (a) Company has re-iterated strong double-digit growth for FY20 to be largely driven by both domestic and international business.

Promoters pledged 0.05% of shares in last quarter. Total pledge stands at 5.65% of promoter holdings

S H Kelkar & Company Ltd.

23 Aug 2019

251.57

0.37%

BP Equities SH Kelkar & Co Ltd Q1FY20 Result Update

Buy: S H Kelkar & Company Ltd.

Target

BP Wealth

SH Kelkar & Co Ltd (SHK) posted revenues of INR2,744mn with 16.1% YoY increase which was above our estimate of INR2,589mn. Revenue growth was mainly driven by new product and brand launch and value & volume growth in existing products. Overall domestic business grew by 9.8% (YoY) and Exports shown growth of 25.4%(YoY). Despite 97bps decline in gross margin due to change in product mix, EBITDA margin improved by 297bps, was 234bps higher than our estimate. Surge in margin due to adoption of Ind AS 116for lease this led to lower rent exp by INR39mn. Adj EBITDA margin were up by 154bps. Adj. PAT came below our estimate at INR185mn (est INR235mn) due to higher finance and depreciation cost (Ind As adjustment). As per management, over the last...