S H Kelkar & Company Ltd. News and Updates

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

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S H Kelkar & Company Ltd.

07 Jun 2019

248.91

-1.06%

SH Kelkar: Focus on buyback meet

Business Line

The board of SH Kelkar and Company will meet on Monday to consider acquisition of the remaining 49 per cent stake in Creative Flavours and Fragrances

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

S H Kelkar & Company Ltd.

28 May 2019

248.91

-1.06%

Earnings volatility continues unabated

Results Update: S H Kelkar & Company Ltd.

Motilal Oswal

Poor offtake impacts performance: Revenue declined 5.4% YoY (our estimate: +4%) to INR2,697m in 4QFY19, which management attributed to a slowdown in demand, mainly in the domestic market. A structural shift toward larger/mid-sized players was evident in the domestic fragrance industry, along with lower demand from smaller customer categories. In line with this trend, SHKL gained a higher wallet share in the mid and larger customer categories, while sales from smaller accounts were significantly impacted. EBIDTA declined 8% YoY to INR249m (our estimate: INR466m),...

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

S H Kelkar & Company Ltd.

17 Apr 2019

248.91

-1.06%

S H Kelkar

Buy: S H Kelkar & Company Ltd.

Keynotes Financial Opiniery

1. Established over 90 years back in 1922, SHK is one the largest India fragrance and flavor companies. 2. SHK possess state of the art manufacturing facilities for both domestic and global markets. The company manufactures and markets over 9700 products to over 4100 customers. 3. SHK's fragrance products and ingredients are used by FMCG companies in personal care, fabric...

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

S H Kelkar & Company Ltd.

13 Feb 2019

248.91

-1.06%

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. is trading above all available SMAs

S H Kelkar & Company Ltd.

09 Nov 2018

248.91

-1.06%

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. is trading above all available SMAs

S H Kelkar & Company Ltd.

01 Nov 2018

248.91

-1.06%

Regaining momentum, expect sustained recovery in 2HFY19

Buy: S H Kelkar & Company Ltd.

Target

Motilal Oswal

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

S H Kelkar & Company Ltd.

28 Aug 2018

248.91

-1.06%

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.

S H Kelkar & Company Ltd. has gained 35.96% in the last 6 Months

S H Kelkar & Company Ltd.

26 May 2018

248.91

-1.06%

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.

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

S H Kelkar & Company Ltd.

26 May 2018

248.91

-1.06%

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. is trading above all available SMAs

S H Kelkar & Company Ltd.

09 Mar 2018

248.91

-1.06%

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 gained 35.96% in the last 6 Months

Is S H Kelkar & Company Ltd. worth buying?

192 Votes:

Buy 84.9%

Sell 8.33%

Hold 6.77%