ALFA Finder| Revenue growth | Muted European growth; India business saw slight volume drop in March. |
|---|---|
| Margins | Targeting 42% gross margins; transitioning out of low-margin business. |
| Order book | US business has $1 million in orders starting to convert. |
| Demand visibility | Strong demand in US ($1m+ contracted) and Middle East. |
| Management confidence | Confident in 13% EBITDA floor and FY27 ₹300cr+ EBITDA target. |
Growth
FY26 adjusted EBITDA margin at 13.5% in Q4 excluding one-offs. Reporting one-off sale of ₹35cr low-margin products.
Outlook
Targeting 13-14% EBITDA margin; FY27 capex planned at ₹140cr; aim for 10% annual debt reduction.
Risks
Inflationary pressures from Middle East situation; raw material price volatility (up 12-13%); geopolitical uncertainty impacting supply chains.
Earnings Call filed with BSE, NSE: SHK. Summary written with AI assistance from the document.
S H Kelkar & Company Ltd: key numbers
- Share price
- ₹132.85
- Market cap
- ₹1,839 Cr
- Revenue (annual)
- ₹2,368 Cr
- Net profit (annual)
- ₹69.26 Cr
- P/E (TTM)
- 19.5×Sector 41.3×
- Promoter holding
- 54.87%+0.00% QoQ
- FII holding
- 5.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from S H Kelkar & Company Ltd
All →S H Kelkar & Company Annual General Meeting
S H Kelkar and Company has issued a postal ballot notice seeking shareholder approval for three independent director re-appointments and one non-executive director appointment. E-voting runs from 9 November to 8 December 2026.
S H Kelkar & Company Earnings Call Transcript: Key Takeaways
SH Kelkar reported robust growth driven by the flavor segment, though consolidated margins remain compressed by overseas expansion costs.
- Call
- Guides 12% growth
S H Kelkar & Company Results Update
S H Kelkar and Company released its Q2 and H1 FY27 results press release and investor presentation. H1 revenue rose 14.5% and EBITDA margin reached 13.0%.
S H Kelkar & Company Management Change
S H Kelkar appointed Sumedha Karmarkar as non-executive director and re-appointed three independent directors for five-year terms. Changes take effect between November 2026 and May 2027.
- Execution
- 60 months for each re-appointed independent director; term for Sumedha Karmarkar not stated
S H Kelkar & Company Q2 FY27 Results: Net Profit ₹14.6 Cr, Up 58.7% YoY
S H Kelkar & Company Ltd reported revenue from operations of ₹636.2 Cr (+14.9% YoY) and net profit of ₹14.6 Cr (+58.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹14.6 Cr · +58.7% YoY
S H Kelkar & Company Legal & Regulatory
S H Kelkar received cautionary letters from BSE and NSE for filing late the schedule of an analyst meet held on March 3, 2025. The company states the matter had no financial impact.