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S H Kelkar & Company Ltd share Price Today

Company details

197.00
207.65
111.10
232.00
6M Return 36.70%
1Y Return 69.68%
Mkt Cap.(Cr) 2,750.29
Volume 530,481
Div Yield 0.38%
OI
-
OI Chg %
-
Volume 530,481

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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.”

 

 

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S H Kelkar & Company Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 205.2
R2 211.8
R3 215.9
Pivot

201.11

S1 194.6
S2 190.5
S3 183.9
EMA SMA
199.6
198.0
192.9
179.3
197.2
198.7
198.4
177.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
S H KELKAR EMPLOYEE BENEFIT TRUST Bulk Sell 2023-08-16 147.25 700000 NSE
KEVA INVESTMENT PARTNERS Bulk Purchase 2022-09-28 140.41 1110000 NSE
KEVA CONSTRUCTIONS PVT LTD Bulk Sell 2022-09-28 140.41 1110000 NSE
Name Category Shares
Kedar Ramesh Vaze PROMOTER 12.42%
Prabha Ramesh Vaze PROMOTER 1.3%
Anagha Sandeep Nene PROMOTER 1.06%
Ramesh Vinayak Vaze PROMOTER 1.05%
Nandan Kedar Vaze PROMOTER 0.91%
Parth Kedar Vaze PROMOTER 0.91%
Neha Kedar Karmarkar PROMOTER 0.53%
Nishant Kedar Karmarkar PROMOTER 0.53%
Ramesh Vinayak Vaze Family Trust (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee) PROMOTER 19.51%
Knp Industries Pte Limited PROMOTER 10.75%
Keva Constructions Pvt Ltd PROMOTER 5.34%
Vinayak Ganesh Vaze Charities (Ramesh Vaze, Prabha Vaze & Kedar Vaze-in the capacity of trustee) PROMOTER 1.39%
Keva Investment Partners PROMOTER 1.13%
Skk Industries Private Limited PROMOTER 1.07%
Asn Investment Advisors Private Limited PROMOTER 1.06%

FINANCIALS

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Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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S H Kelkar & Company Ltd Stocks COMPARISON

Financials( in Cr) S H Kelkar & Company Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 198.69 3,107.10 2,420.25 8,304.25 3,305.20
% Change -4.31 -1.19 -1.62 -0.69 -2.14
Mcap Cr 2,750.29 158,029.90 71,742.26 70,821.97 36,307.62
Revenue TTM Cr 1,576.61 11,799.10 13,138.52 3,135.52 5,684.66
Net Profit TTM Cr 149.42 1,288.87 1,335.71 538.06 1,323.05
PE TTM 22.43 88.70 53.85 163.14 83.65
1 Year Return 69.68 16.32 1.27 81.21 5.81
ROCE 14.99 24.24 12.52 16.29 29.38
ROE 10.76 18.93 12.25 14.70 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,013.30 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

S H Kelkar & Company Ltd Information

Stock PE (TTM)
22.43
Promoter Holding
58.95%
Book Value
87.6177
ROCE
14.99%
ROE
10.76%
Description
  • S H Kelkar & Co. was incorporated on July 1, 1955 in Mumbai under the Companies Act, 1913. After incorporation, the company took over businesses carried on by Mr. V.G. Vaze as a sole proprietor of M/s S.H. Kelkar & Co and in partnership by the firm M/s Saraswati Chemical Works. The Company is focused on its core business of manufacture, supply and exports of fragrances, flavours and aroma ingredients that are used in the food, beverage, personal care or household product industries. As on March 31, 2018, the Company had subsidiaries in India, United Kingdom, Netherlands, Singapore, Italy and Indonesia comprising of Keva Fragrances Pvt. Ltd.; Keva Flavours Pvt. Ltd.; Saiba Industries Pvt. Ltd.; Rasiklal Hemani Agencies Pvt. Ltd.; Keva Chemicals Pvt. Ltd.; Creative Flavours & Fragrances S.p.A., Italy; Keva UK Ltd., United Kingdom; Keva Fragrance Industries Pte. Ltd., Singapore V N Creative Chemicals Pvt. Ltd. (step-down subsidiary) Tanishka Fragrance Encapsulation Technologies LLP (step-down subsidiary) PFW Aroma Ingredients B.V., Netherlands (step-down subsidiary) PT SHKKEVA Indonesia (Indonesia) (step-down subsidiary). The company was founded by Mr. V.G. Vaze who had three sons, G.D. Kelkar, Suresh Vaze, and Promoter Ramesh Vaze. On account of certain disputes which led to petitions being filed before the Company Law Board, Principal Bench at New Delhi (`Company Law Board`), the three sons and their respective families executed a memorandum recording a family settlement on November 18, 2009 as amended by an addendum dated July 12, 2010 (the `Family Settlement`). The Family Settlement contained the terms and conditions on which G.D. Kelkar and Suresh Vaze and their respective families exited from our Company and its subsidiaries (the `Kelkar Group`). In accordance with the terms of the Family Settlement, the control and management of the Kelkar Group vests with our Promoter Ramesh Vaze and his family. Accordingly, as on date, no member of G.D. Kelkar`s family or Suresh Vaze`s family holds any stake or otherwise has interest in the Kelkar Group. The terms of the agreements between the family groups was recorded in the orders of the Company Law Board dated March 10, 2009 and November 2, 2009. The company established First manufacturing unit at Vapi in 1979. During the year 2007, the company commissioned a manufacturing unit at Vashivali. During 2014 and 2015, the company has received numerous awards for Best Performance in quality, for Best HR strategy in Line with Business and also award for `Dream Companies to Work For (Manufacturing)` at the Dream Companies to Work For Awards. The company created a new brand identity of `KEVA` which was launched during the financial year ended 31 March 2016. In October 2015, the company successfully completed an Initial public issue of 28,231,827 equity shares of face value Rs 10 each for cash at a price of Rs 180 per equity share (including a share premium of Rs 170 per equity share) aggregating Rs 5,081.73 million consisting of a fresh issue of 11,666,666 equity shares by the Company and an offer for sale of 13,141,000 equity shares, 86,575 equity shares and 3,337,586 equity shares by Blackstone Capital Partners (Singapore) VI FDI Two Pte. Ltd., Blackstone Family Investment Partnership (Singapore) VI-ESC FDI Two Pte. Ltd. and Mrs. Prabha Vaze. The shares of company got listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 16 November 2015. Rasiklal Hemani Agencies Pvt. Ltd. (RHAPL) was acquired by the Company on April 2, 2016 to strengthen its base in the northern region and reach closer to the customers. RHAPL has been the indenting agents in Northern region for Company`s fragrances for 50 years. Through deep industry knowledge and wide network of trade contacts of its promoters, RHAPL has over the years built a strong portfolio of customers for the Company`s fragrances. The acquisition will aid in expansion of the marketing and field activities in Northern region in coming years. During the financial year ended 31 March 2017, Keva forayed into Fine Fragrances. For Fine Fragrances, it intends to increase growth by focusing on fast growing end-market customers. During the year under review, S H Kelkar & Company acquired part of the ingredients technology from PFW Aroma Ingredients BV. As part of S H Kelkar & Company`s long term strategy all the technologies and IP of the group will reside in the company. During the year under review, the company acquired the Business Undertaking of High-Tech Technologies comprising of Flavours Division through its subsidiary Keva Flavours Pvt. Ltd. The acquisition helped Keva power its flavours portfolio throughout the regions in which it operates and thus, expand of Keva`s presence in the Flavours business. During the year under review, Keva Fragrances Pvt. Ltd. (`Transferor Company`), a wholly-owned subsidiary of the Company got amalgamated with K V Arochem Private Limited (`Transferee Company`), a wholly-owned subsidiary of the Company pursuant to the Scheme of Amalgamation (the `Scheme`) sanctioned by the Honorable High Court of Bombay vide its order dated 22 September 2016. Thereafter, the name of the Transferee Company was changed to Keva Fragrances Pvt. Ltd.` with effect from 14 December 2016. The objective of merger was to enable optimal utilisation of existing resources through consolidation of operations into a single legal entity, provide an opportunity to leverage and pool skilled and experienced manpower of the respective companies and derives operational and financial synergies through prudent financial management and cost reduction. On April 24, 2017, S H Kelkar & Company, through Keva Chemicals Pvt. Ltd. (`KCPL`), step-down subsidiary of the Company, acquired Fragrance Encapsulation Technology from Tanishka Fragrance Encapsulation Technologies LLP (`TFET LLP`). As a part of the transaction, KCPL has also contributed to the capital of TFET LLP on the said date and thus, has become a majority capital contributing partner in TFET LLP. The unique technology has enhanced Keva`s technological infrastructure and would enable the company to offer differentiated fragrance products especially in fabric care which is a fast-growing area in which Keva`s unique capabilities would give it a solid competitive edge. S H Kelkar and Company, through its subsidiary Keva Fragrances Pvt. Ltd., acquired VN Creative Chemicals Pvt. Ltd. (`VNCC`) on September 29, 2017. VNCC is into the business of aromatic chemicals and owns a manufacturing facility in Mahad, Maharashtra. The investment would enable the Company to consolidate/ combine production activities for attaining maximal operational efficiency and thus, would contribute to building up Keva`s competitiveness and improve its profits and margins. The company entered into an agreement to acquire Creative Flavours and Fragrances S.p.A. (`CFF`) along with its subsidiaries on January 15, 2018. Incorporated in year 2000, CFF has presence throughout Europe and enjoys a leading position in the Italian market. It has a state-of-the-art manufacturing facility and R&D lab in Milan. The acquisition coupled with the recent launch of fine fragrances studio in Amsterdam is in line with Keva`s growth strategy to strengthen its product portfolio and build a business with truly international profile. It is an important milestone in Keva`s global growth journey. The company through its subsidiary Keva Fragrance Industries Pte. Ltd., entered into an agreement to acquire 90% stake in Anhui Ruibang Aroma Co. Ltd. on May 25, 2018. Headquartered in Fuyang, Anhui is a leading aroma ingredient Company in China. The acquisition will give Keva access to alternate tonalid manufacturing facility, thereby ensuring no supply disruptions to customers. It will also enable Keva consolidate its market position for tonalid.

Registered Address

Devkaran Mansion, 36 Mangaldas Road, Mumbai, Maharashtra, 400002

Tel : 91-22-21649163
Email : investors:keva.co.in
Website : http://www.keva.co.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539450
NSE Code : SHK
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE500L01026

FAQ’s on S H Kelkar & Company Ltd Shares

You can buy S H Kelkar & Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy S H Kelkar & Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of S H Kelkar & Company Ltd was Rs.198.69.

The latest PE ratio of S H Kelkar & Company Ltd as of Jun 24, 2024 03:59 PM is 22.43

The latest PB ratio of S H Kelkar & Company Ltd as of Jun 24, 2024 03:59 PM is 0.44

The 52-week high of S H Kelkar & Company Ltd share price is Rs. 232.00 while the 52-week low is Rs. 111.10

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of S H Kelkar & Company Ltd stood at Rs. 2,750.29 Cr.

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