S H Kelkar & Company Ltd. News and Updates

Name: Latest research reports of S H Kelkar & Company Ltd. authored by Edelweiss and published by - Trendlyne research reports.
Item: S H Kelkar & Company Ltd.
Rating: 3
Author: Edelweiss

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S H Kelkar & Company Ltd.

13 Feb 2019

176.60

-2.19%

S H Kelkar & Company Ltd - Result Update Q3FY19

Hold: S H Kelkar & Company Ltd.

Recommendation Target

Edelweiss

S H Kelkar & Company Ltd. (SHK) reported consolidated Q3FY19 sales at INR 256 cr down 9% YoY as the fragrance business de-growth of 11% yoy while the flavours division registered a growth of 2% YoY.

S H Kelkar & Company Ltd. has lost -41.16% in the last 6 Months

S H Kelkar & Company Ltd.

09 Nov 2018

176.60

-2.19%

S H Kelkar & Company | Q2FY19 Result Update

Buy: S H Kelkar & Company Ltd.

Target

Edelweiss

S H Kelkar & Company Ltd. (SHK) reported consolidated Q2FY19 sales at INR 285 cr up 28% YoY

S H Kelkar & Company Ltd. has lost -41.16% in the last 6 Months

S H Kelkar & Company Ltd.

01 Nov 2018

176.60

-2.19%

Regaining momentum, expect sustained recovery in 2HFY19

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

Number of FII/FPI investors increased from 68 to 77 in Dec 2024 qtr.

S H Kelkar & Company Ltd.

28 Aug 2018, 12:00AM

176.60

-2.19%

S H Kelkar & Company Ltd | Q1FY19 Result Update

Buy: S H Kelkar & Company Ltd.

Edelweiss

Unprecedented price surge in key raw materials and supply side disruption continued to impact topline and profitability of the company.

Number of FII/FPI investors increased from 68 to 77 in Dec 2024 qtr.

S H Kelkar & Company Ltd.

26 May 2018

176.60

-2.19%

Severe supply side issues result in margin contraction

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

26 May 2018 INR2,851m in 4QFY18, YoY growth of 15% (est.14%). INR569m), decline of 27% YoY with EBITDA margin contraction of 544 bps to 9.5% YoY (est.18.5%) (includes one-time expense of INR50m). Adj. PAT stood at INR231m (est. INR357m), decline of 35% YoY with margin contraction of 300 bps to 8.1% YoY (est.11.6%). On a full year basis, revenues stood at INR10,430m, down 1.6% YoY(est.

S H Kelkar & Company Ltd. has lost -29.64% in the last 3 Months

S H Kelkar & Company Ltd.

26 May 2018

176.60

-2.19%

S H Kelkar & Company Ltd | Q4FY18 Result Update

Buy: S H Kelkar & Company Ltd.

Edelweiss

S H Kelkar & Company Ltd. (SHK) reported consolidated Q4FY18 sales at INR 285 cr up 15% YoY as the fragrance business registered growth of 23% yoy strong uptick in demand from FMCG sector

S H Kelkar & Company Ltd. has lost -29.64% in the last 3 Months

S H Kelkar & Company Ltd.

09 Mar 2018

176.60

-2.19%

S H Kelkar and Co.: Structurally secure; but near-term headwinds

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

Fire in BASF's German chemical plant, China resorting to factory shutdowns in a move to regulate environmental laws, and floods in the US have caused several supply-side disruptions for f lavors and fragrances (F&F) players like S H Kelkar (SHKL), with sourcing of raw materials like or ange oil, citral and Isoprenol being severely affected. BASF alone accounts for 20-25% of SHKL's RM requirements. While SHKL maintains a large stock of inventory, severe supply constraints could exert pressure on margins over the next 2-3 quarters. We, however, believe that margin compression will be partly offset by the shifting of production from the Netherlands facility to Vapi (likely to be completed by July/August 2018). We revise down our FY19 margin estimate by700bp to 18.4% at the operating level and by 800bp to 11.4% at the PAT level.

S H Kelkar & Company Ltd. has lost -29.64% in the last 3 Months

S H Kelkar & Company Ltd.

19 Jan 2018

176.60

-2.19%

S H Kelkar & Company Ltd: Result Update Q3FY18

Buy: S H Kelkar & Company Ltd.

Target

Edelweiss

S H Kelkar & Company Ltd. (SHK) reported consolidated Q3FY18 sales at INR 283 cr up 22% YoY primarily led by the fragrance business. Strong demand uptick from FMCG sector coupled with...

S H Kelkar & Company Ltd. has lost -41.16% in the last 6 Months

S H Kelkar & Company Ltd.

17 Jan 2018

176.60

-2.19%

S H Kelkar and Co.: Volume recovery leads to a strong quarter

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

SHKL's revenue increased 13.5% YoY to INR2,831m (est. of INR2,551m) in 3QFY18(22% YoY growth post netting off GST from the base quarter). Fragrance business reported growth of 16.5% YoY to INR2,546m, while Flavors business reported de-growth of 8.4% YoY to INR272m. EBITDA rose 46% YoY to INR576m (est. of INR459m post excise adjustment), with the margin expanding by 440bp YoY to 20.3% (est. of 18% post excise adjustment). Gross margin contracted sharply by 600bp YoY to 46.1%, while other expenses declined 180bp YoY to 14.1% of sales. Fragrance PBIT margin came in at 15.5% (v/s 13.6% in 3QFY17), while Flavors PBIT margin stood at 25.5% (v/s 30.8% in 3QFY17). Consequently, adj. PAT grew 33% to INR338m (est. of INR286m post excise adjustment) from INR254m in the year-ago period.

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

S H Kelkar & Company Ltd.

24 Nov 2017

176.60

-2.19%

Q2 FY18 Update - S H Kelkar

Buy: S H Kelkar & Company Ltd.

HDFC Securities

Q2 FY18 Update - S H Kelkar Revenue declined 9% yoy to Rs 475cr in the first half of FY18. The fragrance business reported de-growth of 13% YoY to Rs 413cr, while the flavor business revenue remained flat yoy.

S H Kelkar & Company Ltd. has lost -29.64% in the last 3 Months

No results found

Is S H Kelkar & Company Ltd. worth buying?

183 Votes:

Buy 84.7%

Sell 8.2%

Hold 7.1%