NSE: SHK | BSE: 539450

Falling Comet

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172.21 4.21 (2.51%)

40.94% Fall from 52W High

286.2K NSE+BSE Volume

NSE 28 Nov, 2025 2:33 PM (IST)

2,383.7

Market Cap

Below industry Median

Beta 1Year

High Volatility

S H Kelkar & Company Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for SHK, BSE:539450 S H Kelkar & Company Ltd.

S H Kelkar & Company Ltd.

14 Nov 2017

172.21

2.51%

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

Buy: S H Kelkar & Company Ltd.

Target

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...

S H Kelkar & Company Ltd. has lost -28.44% in the last 3 Months

S H Kelkar & Company Ltd.

14 Nov 2017

172.21

2.51%

S H Kelkar & Company Ltd. - Result Update Q2FY18

Buy: S H Kelkar & Company Ltd.

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 lost -22.78% in the last 1 Month

S H Kelkar & Company Ltd.

08 Nov 2017

172.21

2.51%

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 below all available SMAs

S H Kelkar & Company Ltd.

10 Oct 2017

172.21

2.51%

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 0.01% of shares in last quarter. Total pledge stands at 5.66% of promoter holdings

S H Kelkar & Company Ltd.

26 May 2017

172.21

2.51%

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 lost -22.78% in the last 1 Month

S H Kelkar & Company Ltd.

17 Nov 2016

172.21

2.51%

S H Kelkar & Co - Proven FMCG proxy

Buy: S H Kelkar & Company Ltd.

LKP Securities

efficiencies and moderation in other expenses contributed to an improvement of 220 basis points in EBITDA margins, leading to a ~ 35.6 % expansion in operating profits. A combination of reduction of finance costs on account of repayment of debt with the IPO proceeds and...

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

Is S H Kelkar & Company Ltd. worth buying?

195 Votes:

Buy 85.13%

Sell 8.21%

Hold 6.67%