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: 5
Author: Edelweiss

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S H Kelkar & Company Ltd.

19 Jan 2018

248.19

-0.29%

S H Kelkar & Company Ltd: Result Update Q3FY18

Buy: S H Kelkar & Company Ltd.

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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. is trading above all available SMAs

S H Kelkar & Company Ltd.

17 Jan 2018

248.19

-0.29%

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

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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.

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

S H Kelkar & Company Ltd.

24 Nov 2017

248.19

-0.29%

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.

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

S H Kelkar & Company Ltd.

14 Nov 2017

248.19

-0.29%

Drag-down impact of GST; recovery expected in 2H

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Motilal Oswal

Subdued performance on delayed recovery post GST: SHKL's overall revenue declined 9.5% YoY to INR2,219m (est. of INR2,953m) in 2QFY18. The fragrance business reported de-growth of 12.1% YoY to INR1,943m, while the flavor business reported growth of 17% YoY to INR266m. EBITDA margin shrunk 110bp YoY to 16% (est. of 17.7%) in 2QFY18. EBITDA during the quarter declined 16% YoY to INR355m (est. of INR523m). Gross margin improved by a healthy 400bp to 48.4%, offset by a 150bp increase in employee cost and a 360bp rise in other expenses. Consequently, adj. PAT...

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

S H Kelkar & Company Ltd.

14 Nov 2017

248.19

-0.29%

S H Kelkar & Company Ltd. - Result Update Q2FY18

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Edelweiss

S H Kelkar & Company Ltd: Q2FY18 Result Update : GST related issues impact topline; H2FY18 likely to see rebound in growth. S H Kelkar & Company Ltd. (SHK) reported consolidated Q2FY18...

S H Kelkar & Company Ltd. has gained 41.74% in the last 6 Months

S H Kelkar & Company Ltd.

08 Nov 2017

248.19

-0.29%

S H Kelkar & Company Ltd. - Flavour of the season likely to smell success

Buy: S H Kelkar & Company Ltd.

Edelweiss

Our experts provide an insight on how - S H Kelkar & Company Ltd. is the largest domestic player in the fragrance and flavours market. Expecting a robust growth in flavours segment...

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

S H Kelkar & Company Ltd.

10 Oct 2017

248.19

-0.29%

S H Kelkar & Company Ltd. - Flavour of the season likely to smell success

Buy: S H Kelkar & Company Ltd.

Edelweiss

S H Kelkar & Company Ltd. (SHK) is the largest Indian-origin Fragrances & Flavours (F&F) company in India. Its fragrance products and ingredients are used as a raw material in personal...

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 2017

248.19

-0.29%

S H Kelkar & Co - Company Update

Buy: S H Kelkar & Company Ltd.

LKP Securities

volumes in H2FY17 offset the benefits the company enjoyed from higher realizations, raw material procurement efficiencies, operating leverage & continuing moderation in other expenses. This led to SHK clocking a flat 70 basis points EBITDA margin improvement from...

S H Kelkar & Company Ltd. has gained 41.74% in the last 6 Months

Is S H Kelkar & Company Ltd. worth buying?

192 Votes:

Buy 84.9%

Sell 8.33%

Hold 6.77%