S H Kelkar & Company Ltd
NSE: SHK BSE: 539450
₹124.84
(0.35%)
Mon, 23 Mar 2026, 03:02 pm
Market Cap17.3B
PE Ratio10.17
Dividend1.60
Process Industries
Chemicals: Specialty
24.5KS H Kelkar & Company Analysis
dividend
- Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
- S H Kelkar's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Dividend payments have increased, but S H Kelkar only paid a dividend in the past 4 years.
- S H Kelkar has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- S H Kelkar's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- S H Kelkar's earnings are expected to grow significantly at over 20% yearly.
- S H Kelkar's earnings growth is expected to exceed the India market average.
- S H Kelkar's earnings growth is expected to exceed the low risk savings rate of 7.2%.
- S H Kelkar's earnings are expected to exceed the low risk growth rate next year.
- S H Kelkar's earnings are expected to increase by more than the low risk growth rate in 3 years time.
- S H Kelkar's net income is expected to increase by more than 50% in 2 years time.
- An improvement in S H Kelkar's performance (ROE) is expected over the next 3 years.
- Cash flow for S H Kelkar is expected to decrease over the next 2 years.
- S H Kelkar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
- Performance (ROE) is not expected to exceed the current IN Chemicals industry average.
- S H Kelkar's revenue is expected to increase but not above the 50% threshold in 2 years time.
- S H Kelkar's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
- S H Kelkar's revenue growth is positive but not above the India market average.
health
- S H Kelkar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- S H Kelkar is profitable, therefore cash runway is not a concern.
- S H Kelkar is profitable, therefore cash runway is not a concern.
- Debt is well covered by operating cash flow (60.3%, greater than 20% of total debt).
- Debt is covered by short term assets, assets are 2.4x debt.
- S H Kelkar's cash and other short term assets cover its long term commitments.
- The level of debt compared to net worth has been reduced over the past 5 years (46% vs 40.8% today).
- Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
- S H Kelkar's level of debt (40.8%) compared to net worth is high (greater than 40%).
- High level of physical assets or inventory.
management
- The tenure for the S H Kelkar board of directors is about average.
- Kedar's compensation has been consistent with company performance over the past year, both up more than 20%.
- More shares have been bought than sold by S H Kelkar individual insiders in the past 3 months.
- Kedar's remuneration is higher than average for companies of similar size in India.
- The average tenure for the S H Kelkar management team is less than 2 years, this suggests a new team.
misc
- S H Kelkar has significant price volatility in the past 3 months.
past
- S H Kelkar's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- S H Kelkar's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- S H Kelkar used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.
- S H Kelkar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
- S H Kelkar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- S H Kelkar's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
value
- S H Kelkar is good value based on expected growth next year.
- BSE:539450 is up 33.9% outperforming the Chemicals industry which returned 6.9% over the past month.
- BSE:539450 is up 33.9% outperforming the market in India which returned 8% over the past month.
- S H Kelkar's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- S H Kelkar's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- S H Kelkar is overvalued based on assets compared to the IN Chemicals industry average.
- S H Kelkar is overvalued based on earnings compared to the IN Chemicals industry average.
- S H Kelkar is overvalued based on earnings compared to the India market.
- 539450 underperformed the Chemicals industry which returned 2.2% over the past year.
- 539450 underperformed the Market in India which returned -14.5% over the past year.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800