S H Kelkar & Company Ltd (SHK) — shareholding pattern, promoter holding, financials and share price
About S H Kelkar & Company Ltd (SHK)
S H Kelkar & Company Ltd operates in the Specialty Chemicals industry, within the Chemicals sector. It trades on the NSE as SHK and on the BSE under scrip code 539450. Its ISIN is INE500L01026.
S H Kelkar and Company Limited is engaged in manufacture, supply and exports of fragrances and aroma ingredients [1] It is the largest domestic fragrance producer in India and the only company of Indian origin to file patents in the field of Fragrance & Novel aroma molecules.
S H Kelkar and Company Limited is India’s largest origin fragrance and flavour company, manufacturing proprietary fragrances, flavours and aroma ingredients for FMCG, personal care, household and food sectors, operating CDCs and manufacturing facilities across India, Europe, Southeast Asia and the U.S.
In 9M FY2026 SHK reported revenue from operations of Rs.1,718 crore and EBITDA of Rs.182 crore, while adjusted EBITDA was Rs.240 crore (14% margin), reflecting an ongoing growth investment phase that compressed reported margins but preserved gross margins near 42%.
Listed peers in Specialty Chemicals: Nitta Gelatin India Ltd, Titan Biotech Ltd, Vidhi Specialty Food Ingredients Ltd, Paushak Ltd, Indokem Ltd, Platinum Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹131.05 a share on 10 Jul 2026, S H Kelkar & Company Ltd (SHK) was valued at a price-to-earnings ratio of 26.23x against an industry P/E of 45.11x and a price-to-book of 1.33x on a book value of ₹98.39 per share as of Mar 2026. Solomo computes return on equity of 5.08% and return on capital employed of 7.02% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 26.23x
- Industry P/E
- 45.11x
- P/B
- 1.33x
- EPS (TTM)
- ₹5
- Book value / share
- ₹98.39
- ROE
- 5.08%
- ROCE
- 7.02%
- ROA
- 2.37%
- Debt / equity
- 0.76x
- Dividend yield
- 1.53%
- EBITDA margin
- 12.18%
- 52-week range
- ₹111.98 – ₹275.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, S H Kelkar & Company Ltd (SHK) reported revenue of ₹2,368 crore, net profit of ₹69 crore and earnings per share of ₹5. That compares with revenue of ₹2,123 crore and net profit of ₹73 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹649.94 crore and net profit ₹1.8 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,564 | 1,687 | 1,930 | 2,123 | 2,368 |
| Net profit (₹ cr) | 149 | 63 | 124 | 73 | 69 |
| EPS (₹) | 10.73 | 4.42 | 8.84 | 5.29 | 5 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 7.16% | 10.96% | 13.32% | 11.59% |
| Profit growth | -8.51% | -15.99% | -13.85% | -5.29% |
| Stock price CAGR | -5% | -5% | 4% | -47% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 54.87% of S H Kelkar & Company Ltd (SHK) (unchanged from the previous quarter), foreign institutional investors (FII) hold 5.92% and domestic institutional investors (DII) hold 6.01%. Promoters have pledged 8.3% of their holding. Market capitalisation was ₹1,814 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2015.
Largest disclosed public shareholders in Jun 2026: Firmenich Aromatics Production (India) Pvt Ltd 9.8%, Bandhan Small Cap Fund 5.43%, India Insight Value Fund 2.12%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 54.87% | 8.3% | 5.92% | 6.01% | 45.13% |
| Mar 2026 | 54.87% | 8.3% | 7.42% | 5.18% | 45.13% |
| Dec 2025 | 54.87% | 5.7% | 6.79% | 6.02% | 45.13% |
| Sep 2025 | 54.87% | 5.7% | 7.36% | 5.69% | 45.13% |
| Jun 2025 | 55.03% | 5.6% | 6.96% | 3.37% | 44.97% |
| Mar 2025 | 55.48% | 5.6% | 7.22% | 3.44% | 44.52% |
| Dec 2024 | 55.63% | 5.6% | 7.53% | 3.1% | 44.37% |
| Sep 2024 | 55.63% | 5.6% | 9.4% | 2.26% | 44.37% |