ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | Double-digit growth expected for full year FY27. |
|---|---|
| Margins | EBITDA margins expected to improve with revenue scale-up. |
| Demand visibility | Strong repeat demand; Flavour growth reflects some order preponement. |
| Management confidence | High on long-term 20% ROCE target and international expansion. |
Growth
Revenue grew 14% YoY; EBITDA margin improved to 13.4% from 12.6% due to operating leverage.
Outlook
Double-digit revenue growth and improved margins targeted for FY27; commissioning Vanvate factory in Q3 FY27.
Risks
Geopolitical volatility in West Asia impacting energy/freight costs; Global Ingredient business saw softer demand in exports.
Last quarter's promises, checked
Delivered
- Guided 13.5% Q4 EBITDA margin → delivered 13.4% Q1 FY27 (= BEAT)
- Guided Almere factory operational in months → delivered operational (= BEAT)
- Guided passing on RM inflation via contracts → delivered 95% pass-through (= BEAT)
Partly delivered
- Guided double-digit growth in Europe → delivered growth driven by Flavours/International (= PARTIAL)
Missed
- Guided debt reduction of 10% annually → delivered net debt stable at Rs. 852Cr (= MISS)
Investor Presentation 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.