loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

S H Kelkar & Company Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
S H Kelkar & Company Ltd. 11 Aug 2025 12:36 PM
Result PDF

Q1FY26 Quarterly Result Announced for S H Kelkar & Company Ltd.

Personal Products firm S H Kelkar & Company announced Q1FY26 results

  • Revenue from operations at Rs 580.6 crore as against Rs 470.3 crore.
  • EBITDA at Rs 76.4 crore as against Rs 83.3 crore.
  • EBITDA margin at 13.2% as against 17.8%.
  • PBT (bei) stood at Rs 34.4 crore as against Rs 46.5 crore.
  • Cash profit at Rs 49.8 crore as against Rs 55.8 crore.

Kedar Vaze, Whole Time Director & Group CEO at SH Kelkar and Company, said: “In Q1FY26, the Company reported consolidated revenue of Rs 579 crore, achieving growth of approximately 14.8% over the H1FY25 average, given that the fire-related disruption impacted Q1FY25. This performance was supported by healthy traction in the domestic market across both our Fragrance and Flavour divisions. While European revenues were lower due to transient demand softness and capacity constraints, underlying customer engagement remains strong, and the ongoing brownfield expansion in Holland and reinstatement in India are expected to support a recovery.

Gross margin improved by 94 bps QoQ to 42.4%, moving closer to our longer-term trend range of 43-45%, supported by stabilising raw material availability, selective pricing actions, and an optimised product mix. EBITDA margin for the quarter stood at ~13%, reflecting the impact of strategic growth initiatives, including the costs associated with our new Creative Development Centres (CDCs). Adjusted for these investments, the EBITDA margin was ~16%. With input costs stabilising and operating leverage expected to improve, margins are anticipated to strengthen in the second half of FY26 and more meaningfully from FY2027 onwards.

We remain committed to leveraging our enhanced capacities and innovation-led approach to strengthen our global footprint and deliver sustained value to all stakeholders.”

Result PDF

Result PDF

Personal Products company S H Kelkar & Company announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenues from operations at Rs 567.4 crore as against Rs 513.3 crore, up by 10.5%
  • EBITDA at Rs 78.4 crore as against Rs 89.5 crore, lower by 12.4%
    • EBITDA margin at 13.9% as against 17.5%
  • Adj. PBT stood at Rs 37.7 crore as against Rs 58.8 crore, lower by 36.0%
  • Cash profit at Rs 51.1 crore as against Rs 55.9 crore, down by 8.7%

FY25 Financial Highlights:

  • Revenues from operations at Rs 2,123.4 crore as against Rs 1,840,8 crore, up by 15.4%
  • EBITDA at Rs 316.9 crore as against Rs 303.3 crore, higher by 4.5%
    • EBITDA margin at 15.0% as against 16.5%
  • Adj. PBT stood at Rs 176.7 crore as against Rs 183.3 crore, lower by 3.6%
  • Cash profit at Rs 224.1 crore as against Rs 208.5 crore, up by 7.5%

Commenting on the performance, Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We are pleased with our performance for the year, having delivered a strong 15% revenue growth. This was driven by sustained demand across segments, with notable traction in the domestic market for both the Fragrance and Flavour divisions. Our core European business also continued to perform well, reinforcing our position in key international markets.

Improving raw material availability, together with calibrated price hikes, is expected to enable gradual margin recovery. Meanwhile, incremental costs associated with our growth-led initiatives have begun to stabilise, positioning us well to benefit from operating leverage going forward.

On April 2, 2025, we received an interim payment of Rs 95 crore from our insurer as an on account interim relief for the fire-related claim. This inflow will support working capital requirements and further strengthen our balance sheet.

Looking ahead, we remain committed to leveraging our expanded capabilities, including the ramp-up of our Creative Development Centres (CDCs) in Germany and the UK. These centres, supported by experienced perfumers, are deepening market understanding, driving innovation, and anchoring long-term growth. With these strategic levers in place, we are confident in our ability to capture emerging opportunities across domestic and global markets and deliver sustainable growth for all stakeholders.”

Result PDF

Personal Products company S H Kelkar & Company announced Q3FY25 results

  • Revenues from operations at Rs 543.2 crore as against Rs 471.7 crore, up by 15.2%
  • EBITDA at Rs 69.5 crore as against Rs 75.9 crore, lower by 8.3%
    • EBITDA margin at 12.9% as against 16.2%
  • PBT stood at Rs 27.4 crore as against Rs 46.0 crore, lower by 40.6%
  • Cash profit at Rs 40.9 crore as against Rs 53.9 crore, down by 24.2%

Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We continued to witness positive business sentiment in India, marked by market share gains in select product categories. Demand across key international regions also remained steady, particularly in our core European market. As a result, consolidated revenues for the nine months of FY2025 reached Rs 1,556 crore, reflecting a healthy YoY growth of 17%, keeping us on track to achieve strong double-digit growth for the full financial year

During the quarter, we saw a notable impact on gross margins due to limited supplies of strategic raw materials. While we had anticipated these constraints from Q4 onwards, they emerged earlier, as we built inventories in response to healthy revenue traction. We expect these pressures to persist in the near term, after which we anticipate gross margins to normalize as availability challenges ease and the impact of our price adjustments takes effect. Given the ongoing geopolitical situation, we are cautiously optimistic about our ability to manage raw material constraints.

Despite facing operational challenges, we continue to prioritize our growth-led investments. Our strategic outlay, which includes the full cost of new Development Centres in key international locations, reflects our confidence in the long-term opportunities ahead. While these investments have resulted in incremental costs that have impacted our margins in the near term, we are performing reasonably well when adjusted for these expenses. Over the next three to five years, we expect these investments to help us capture a larger market share, both in India and internationally, by driving innovation and expanding our global customer base. We are confident that these initiatives will contribute to revenue growth, deliver notable operating leverage, and drive value creation for all stakeholders in the coming years.”

Result PDF

Personal Products company S H Kelkar & Company announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenues from operations at Rs 542.5 crore as against Rs 433.3 crore, up by 25.2%.
  • EBITDA at Rs 85.8 crore as against Rs 69.9 crore, higher by 22.8%.
    • EBITDA margin at 15.9% as against 16.2%, declining by 30 bps.
  • Adjusted PBT stood at Rs 63.8 crore as against Rs 40.6 crore, up 57.1%.
  • Cash profit at Rs 59.2 crore as against Rs 50.8 crore, growing by 16.7%.

H1FY25 Financial Highlights:

  • Revenues from operations at Rs 1,012.8 crore as against Rs 855.8 crore, up by 18.3%.
  • EBITDA at Rs 169.0 crore as against Rs 137.9 crore, higher by 22.6%.
    • EBITDA margin at 16.8% as against 16.2%, higher by 60 bps.
  • Adjusted PBT stood at Rs 110.3 crore as against Rs 78.4 crore, higher by 40.7%.
  • Cash profit at Rs 115.0 crore as against Rs 98.7 crore, growing by 16.5%.

Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said: "We are pleased to report a healthy financial performance for the period under review, driven by positive business sentiment and steady demand across various segments. This quarter also saw the recovery of our order backlog following the fire incident, contributing to our halfyear revenues reaching Rs 1,013 crore, marking an 18.3% YoY increase. Notably, our core European segment delivered impressive double-digit revenue growth, despite challenging demand conditions in the region.

A shift in product mix during the quarter led to a sequential moderation in gross margins. Additionally, incremental costs during this period were driven by our growth-led investments in cultivating new business opportunities in Europe and the US, markets with considerable growth potential. Consequently, EBITDA margins stood at 16.8% in H1, compared to 16.2% previously

In the previous quarter, we launched a Creative Development Centre (CDC) in Germany and have since expanded this capability with an additional centre in Manchester, UK. These centres will act as a hub for innovation and will serve as pillars of our growth for the coming decades. This enhanced talent base strengthens our ability to serve key markets and positions us to capitalize on sustainable growth opportunities.

Looking ahead, while domestic demand remains soft, we are encouraged by the strong momentum across our small and mid-sized existing and new accounts, including our key Global MNC client. With a solid start to the fiscal year, strategic initiatives in place, and a favourable market outlook for our products, we are confident of achieving strong growth in FY25, along with healthy profitability.”

Result PDF

Personal Products firm S H Kelkar & Company announced Q1FY24 results:

  • Revenues from operations at Rs 445.5 crore as against Rs 415.0 crore, up by 7.3%
    • Constant currency sales improve by 6%
    • Fragrance and Flavours revenues (excluding global ingredients) grew 8.6% to Rs 429 crore
  • EBITDA at Rs 73.5 crore as against Rs 55.1 crore, higher by 33.4%
    • EBITDA margin at 16.5% as against 13.2%, expanding by 322 bps
  • PAT stood at Rs 27.8 crore as against Rs 23.2 crore, up by 19.8%
  • Cash profit at Rs 49.2 crore as against Rs 42.1 crore, growing by 16.9%

Commenting on the performance, Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We have started FY24 on a positive note, with a steady growth of 7.7% from operations during Q1FY24. Growth rates in the Indian markets stood out, registering at 12.1%, a result of healthy traction from our major customers and a comparatively lower base in the previous year. Moreover, our core Fragrance division has demonstrated strong growth in profitability, attributable to effective pricing strategies. Our European segment also contributed to our profitability during the quarter.

Overall, at a consolidated level, our operating EBITDA grew by 33.4% YoY to Rs 73.5 crore and margins stood higher at 16.5%. Owing to the dynamic nature of the global raw material situation, we might experience some margin volatility. However, it remains our endeavour to sustainably normalize our full-year margins to over 16%.

While our growth has been tempered in recent years due to various external factors, we remain committed to growth and scaling up our global operations. Our growth-oriented focus is fueled by our global presence, solid client base, and robust cash flows. As we move into the latter half of the fiscal year, we anticipate a positive shift in the domestic FMCG environment, which should further support our performance.”

 

 

Result PDF

Personal Products company S H Kelkar & Company announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenues from operations at Rs 472.4 crore as against Rs 450.6 crore, higher by 4.8%
      • Fragrance and Flavours revenues (excluding global ingredients) increased 5.2% to Rs 460 crore
      • Emerging market sales (excluding global ingredients) at Rs 359 crore, up 7.7%
    • EBITDA at Rs 74.6 crore as against Rs 68.5 crore
      • EBITDA margin at 15.7% as against 14.9%
    • PAT stood at Rs 1.1 crore as against Rs 13.6 crore
    • Cash profit at Rs 52.7 crore as against Rs 45.8 crore
  • FY23:
    • Revenues from operations at Rs 1,686.5 crore as against Rs 1,564.2 crore, up 7.8%
      • Fragrance and Flavours revenues (excluding global ingredients) increased 9.8% to Rs 1,631 crore
      • Emerging markets (excluding global ingredients) sales stood at Rs 1,278 crore, registering a growth of 12.0%
    • EBITDA at Rs 235.1 crore as against Rs 232.1 crore
      • EBITDA margin at 13.8% vs 14.7%
    • Reported PAT at Rs 63 crore as against Rs 149.4 crore
      • Adjusted for one-offs, PAT stood at Rs 96.1 crore as against Rs 108.7 crore
    • Cash Profit stood at Rs 176.6 crore as against Rs 180.5 crore

Commenting on the performance, Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “Our core Fragrance and Flavour divisions reported a stable performance over last year while operating in a subdued external environment. However, the Global Ingredient segment faced distinct challenges that contributed to an overall muted performance. On the other hand, the issues encountered by the Flavour division during the third quarter have since been resolved.

The global Ingredient segment was impacted by raw material dependency on China, which has affected its competitiveness in the market. In order to address that the Company has developed processes for backward integration and is in the final stage of discussion to close the local sourcing of key raw materials.

As we reach a momentous milestone of 100 years in our Company's history this fiscal year, we take tremendous pride in reflecting on our remarkable journey. While recent years have presented challenges, our firm belief in the potential of our business continues to drive us forward. Through the implementation of strategic measures and a steadfast focus on long-term goals, we are confident in our ability to steer our Company towards improved results in the years ahead.

Despite the modest near-term outlook for the domestic FMCG industry, our active involvement in the RFP process with a global FMCG company places us in a promising position to outperform industry expectations in our core Fragrance division. Furthermore, the strength of our existing client base and our expanded global presence significantly contribute to our confidence in achieving sustainable business growth in the future.”

 

 

Result PDF

Personal Products firm S H Kelkar & Company announced Q3FY23 results:

  • Q3FY23 vs Q3FY22:
    • Revenues from operations at Rs 384.9 crore as against Rs 399.2 crore, lower by 3.6%.
      • On a like-to-like basis (excluding acquisitions), revenues declined by 11% YoY at constant currency.
      • Fragrance sales (excluding Global ingredients) stood steady at Rs 338 crore.
    • EBITDA at Rs 45.0 crore as against Rs 63.8 crore.
      • EBITDA margins at 11.6% as against 15.8%.
    • Reported PAT at Rs 13.0 crore as against Rs 32.4 crore.
    • Cash profit (excluding exceptional items) at Rs 32.9 crore as against Rs 49.4 crore.
  • 9MFY23 vs 9MFY22:
    • Revenues from operations at Rs 1,214.1 crore as against Rs 1,113.6 crore, up 9.0%.
      • On a like-to-like basis, (excluding acquisitions), revenues grew by 0.6%YoY at constant currency.
      • Fragrance sales (excluding Global ingredients) improved by 7.6% to Rs 1,029 crore.
    • EBITDA at Rs 160.6 crore as against Rs 163.6 crore, lower by 1.9%.
      • EBITDA margin at 13.1% vs 14.6%.
      • Reported PAT at Rs 58.8 crore as against Rs 136.1 crore.
    • Cash Profit (excluding exceptional items) stood at Rs 124.2 crore as against Rs 127.6 crore.
    • The Company's net debt decreased by Rs 12 crore over Q2FY23 on a constant currency basis. However, the net debt position was Rs 522 crore as of Q3FY23 compared to Rs 503 crore as of Q2FY23.
    • The increase is primarily due to the translation impact of the currency loan (Rs 31 crore).

Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, "Our results during the period under review were soft, with Global Ingredients and non-core Contract Manufacturing segment in Europe witnessing a notable decline in revenues on a YoY basis. The demand environment in both Emerging Markets and Europe remains muted. The Flavours division also experienced a one-time adjustment of inventory due to the consolidation of distributors in the Middle East, leading to a decrease in our revenues.

The Global Ingredient segment has been facing headwinds in recent years due to raw material supplies from China, affecting its competitiveness in the global markets. To improve this situation, we have developed processes for complete backward integration in India and are exploring opportunities for collaboration/ partnership with specialty / agro-chemical companies to address these challenges.

Regarding our participation in the RFP from a major global FMCG company, we have submitted proposals for various brands across categories. Although the process of closing the order has taken longer than expected, we remain confident in our submissions and optimistic about the potential for long-term business growth from this account.

While the outlook for the domestic FMCG sector remains modest, we are optimistic about our long-term growth prospects. The opportunity to pursue business from a global FMCG company positions us well to address the entire Indian fragrance market. This, combined with our existing strong client base and increased global presence, we believe, will enable us to sustainably grow our business in the long-term.”

Result PDF

 Personal Products company S H Kelkar & Company declares Q4FY22 result:

  • Revenues from operations at Rs. 1,564.2 cr, higher by 18%
  • Gross margins at 41%
  • Cash Profit at Rs. 176.6 cr
  • Revenues from operations stood at Rs. 450.6 crore as against Rs. 397.0 crore, higher by 13.5%
  • EBITDA stood at Rs. 68.5 crore as against Rs. 75.3 crore
    • EBITDA Margins at 14.9% as against 18.6%
  • Cash profit stood at Rs. 48.7 crore as against Rs. 58.3 crore
    • Reported PAT at Rs. 12.5 crore as against Rs. 40.1 crore
    • On an adjusted basis, PAT stood at Rs. 28.6 crore in Q4 FY22
  • Revenues from operations stood at Rs. 1,564.2 crore as against Rs. 1,322.0 crore, higher by 18.3%
  • EBITDA at Rs. 232.1 crore as against Rs. 259.4 crore
    • EBITDA margin stood at 14.7% vs 19.3%
  • Cash profit stood at Rs. 176.6 crore as against Rs. 197.3 crore
    • Reported PAT stood at Rs. 148.5 crore as against Rs. 144.7 crore
    • On an adjusted basis, PAT stood at Rs. 104.8 crore in FY22

Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We have ended the fiscal year on a steady note, despite macro-challenges such as Covid-19 led disruptions and inflationary raw material environment. Although FMCG consumption and offtake remained stable, RM pricing pressures restricted volume growth in our core fragrance business. In the European markets, we saw improved demand and offtake, which translated to healthy double-digit growth for our acquired businesses during the year.

During the year, we have undertaken calibrated price hikes in collaboration with our customers. This has helped us mitigate inflationary pressures to a large extent leading to limited impact on gross margins. Going forward, this, along with our inventory management strategy should help us maintain steady profitability margins.

SHK is continuously witnessing strong client wins across emerging and European markets. Our recent participation in a global RFP by a large global FMCG MNC is also progressing well. We are confident about our capabilities built over decades and remain optimistic about the multi-year business potential from this global tender

In the last few quarters, despite adverse market conditions and inflationary environment, we have undertaken several measures to enhance our global market presence, augment our niche offerings and expand our customer segments. As we look ahead, our growth initiatives along with our healthy client engagements and our participation in global RFPs will help support accelerated growth in the medium to longer term”

Result PDF

Personal Products firm S H Kelkar & Company declares Q3FY22 result:

Q3 FY2022 performance overview compared with Q3 FY2021:

  • Revenues from operations at Rs. 1,109.8 cr EBITDA at Rs. 163.7 cr
  • Revenues from operations stood at Rs. 396.6 crore as against Rs. 375.4 crore, higher by 5.6%
  • EBITDA stood at Rs. 63.8 crore as against Rs. 71.8 crore
  • EBITDA margins remained stable on a sequential basis at 15.8%
  • PAT stood at Rs. 32.37 crore as against Rs. 35.39 crore
    9M FY22 performance overview compared with 9M FY21:
  • Revenues from operations stood at Rs. 1,109.8 crore as against Rs. 918.6 crore
  • Emerging markets’ revenues grew by 7.1% YoY
  • EBITDA at Rs. 163.7 crore as against Rs. 184.1 crore
  • EBITDA margin stood at 14.6%
  • Reported PAT stood at Rs. 136.07 crore as against Rs. 104.57 crore, higher by 30.1%
  • On an adjusted basis**, PAT stood at Rs. 77.76 crore

Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We have reported a steady performance in the quarter and nine months period. In our core domestic fragrance business, we saw improved demand momentum. Our CFF and Nova segment also saw healthy offtake during the quarter. Although client wins across our geographies continued to remain healthy, inflationary trends impacted volume growth in international markets.

In a strategic development during the quarter, we are happy to share that we have acquired 62% of stake in Holland Aromatics, a leading fragrance company in the Netherlands. The acquisition, while being complementary to the CFF business, supports our strategy to deepen presence in the European fragrance market. Our proven expertise in the F&F industry along with the blend of capabilities from CFF, Nova, and Holland Aromatics will strengthen our endeavor to tap upon diverse global customer segments. In-sync with this strategy, we have been actively participating in large MNC tender processes. This is one of the key focus areas for us, which we believe, will drive the next leg of growth.

The Board, during the quarter, has also approved the acquisition of 100% stake in NuTaste Food and Drink Labs. The acquisition accelerates the momentum of our flavour business and will enable us to expand further into the high-potential flavour categories such as syrups, sauces, seasonings, fruit preps and other such premium grade products. Overall, both the acquisitions are value-accretive and highly synergistic in nature. As we look ahead, a combination of our strategic business initiatives, healthy client engagements and our participation in global RFPs will result in a positive growth momentum for us. We look forward to delivering a strong and sustainable growth in the medium to longer term”

 

 

Result PDF

Financial Highlights:

  • H1 FY22 Revenues from operations stood at Rs. 713.2 crore
  • On a like-to-like basis, revenues grew by 15% YoY
  • Emerging markets sales grew by 9% YoY in H1 FY22
  • H1 FY22 EBITDA stood at Rs. 99.8 crore, with margins at 13.9%
  • Gross margins in H1 FY22 stood at 41.5%.
  • H1 FY22 Reported PAT stood at Rs. 103.5 crore
  • In Q2 FY22, there was a one-time exceptional loss of Rs. 6.2 crore

Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said:

“We have reported a steady performance in the first half of the fiscal. Our European business registered healthy growth on the back of higher consumption and demand trends during the period. On a consolidated basis, our revenue from operations in H1 grew by 31% on a YoY basis and on a like to like basis, it grew by 15% YoY. H1 FY2021 results included consolidation of CFF for only 2 months, i.e. August and September 2020. So, on a like to like basis, CFF’s core fragrance business grew by 39% in H1 and on a 2-year CAGR it was 10%. In Q2, we have reported muted performance on the back of a challenging macro-environment witnessed in the emerging markets and higher base in the previous quarter last year. Emerging markets sales grew by 9% during the first half of the year.

We continued to witness cost pressures on account of global inflation in raw materials. However, our inventory policy, better product mix, and our ability to pass on price increases enabled us to minimize the impact on margins. In order to efficiently mitigate cost pressures and to normalize our operating margins, we are working with our customers to undertake further price hikes in the future.

In one of the key developments during the quarter, we are happy to share that we won an order in the Home Care segment from a large global MNC player in the domestic FMCG market. This strategic win will enhance our competitive advantage in the domestic markets and will support our endeavour to build presence in the high potential global MNC space over the longer term.

The Board at the meeting today also approved the buyback of SHK’s fully paid up equity shares. It signifies our confidence on both the balance sheet and our future cash flows over the medium to long term. From an overall demand standpoint, we are encouraged with healthy client engagements and enquiries across the emerging and European markets. In a normalized demand environment, we are confident that our emphasis on growth should enable us to report healthy performance going forward”

 

 

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status