S H Kelkar & Company share price today

S H Kelkar & Company Ltd's share price was ₹125.34 at the close on 30 October 2026. It has been falling for 51 weeks. That is 17.1% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today S H Kelkar & Company Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹119 and ₹217, and at that close it sat 6% of the way up from that low.

Over the last 11 years the share price moved −46% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) and highest quarterly revenue in 15 quarters.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹662 crore, +14.1% on a year earlier.

2. Highest quarterly revenue in 15 quarters

   Revenue of ₹662 crore in the June 2026 quarter is the highest of the last 15 quarters.

For April to June 2026 (the quarter ended 30 June 2026), S H Kelkar & Company reported revenue of ₹662 crore, up 14.1% from ₹580 crore a year earlier, and a profit of ₹45.0 crore, up 73.1% from ₹26.0 crore.

S H Kelkar & Company results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

S H Kelkar & Company's management discussed these results on a call held on 29 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

S H Kelkar & Company closed at ₹125.34 on 30 October 2026, down 43.3% from ₹221.13 a year earlier (31 October 2025) and down 21.1% over five years. Its highest weekly close since March 2016 was ₹341.35 on 2 September 2016.

S H Kelkar & Company share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 30 October 2026.

30 Oct 2026: S H Kelkar & Company closed at ₹125.34, down 0.1% on the week and down 9.1% on the month. 29 Jul 2026: S H Kelkar & Company held its results call for April to June 2026. Management guided: FY27 consolidated revenue growth is expected to remain in the double digits with improved margins, although the quarterly pace will vary with demand, order timing and geopolitics.

Earlier

• Results for April to June 2026: Revenue up 14.1% and profit up 73.1% on a year earlier.
• 13 Feb 2026: ex-date for an interim dividend of ₹1 a share.

S H Kelkar & Company paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.80% at the ₹125.34 close on 30 October 2026. The last was an interim dividend of ₹1 a share, ex-date 13 February 2026.

S H Kelkar & Company dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. S H Kelkar & Company Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 July 2026, S H Kelkar & Company's management guided: FY27 consolidated revenue growth is expected to remain in the double digits with improved margins, although the quarterly pace will vary with demand, order timing and geopolitics.

“Notwithstanding this quarterly variation, the current business momentum keeps us on track to deliver double-digit revenue growth and improved margins for the full year.”Jagdish Agrawal, Group CFO, on the call for April to June 2026

What management guided

• Flavor sales should normalize from Q1's ₹112 crore; regular business is estimated at ₹95-97 crores, Q2 should be above ₹95-96 crores and Q3 above Q2, without repeating ₹112 crore.
• FY27 operating margin is expected to remain broadly similar to Q1's 13.4%, with percentage movement of about 1.0% depending on pricing and sales momentum; no precise annual range was provided.
• Gross margins are expected to see no major raw-material cost change for roughly six months because inventory and customer contracts are in place; pricing recalibration remains available if required.
• FY27 ETR goal is below 30.0% versus approximately 31.5-32.0% in Q1; net debt may rise slightly in September but is expected to reduce from Q3 by approximately ₹25 crore per quarter.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 July 2026.

When S H Kelkar & Company reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Flavor revenue should be above the ₹95-96 crore normalized range in Q2 but should not repeat ₹112 crore; Q3 is expected to exceed Q2, making order normalization a clear test.

S H Kelkar & Company is not on any of our India lists this week.

S H Kelkar & Company Ltd earned ₹45.0 Cr of net profit in the Jun 2026 quarter, +73.1% on the same quarter a year earlier. Full-year FY26 profit was ₹69.0 Cr. Over 10 years profit has grown −0.6% a year on average. That is 6.8% of the quarter's revenue. The same quarter a year earlier earned ₹26.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹69.0 Cr (−5.5% on the year before).

Why profit moved: revenue changed +14.1% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −4.8% and revenue +9.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

S H Kelkar & Company Ltd reported ₹662 Cr of revenue in the Jun 2026 quarter, +14.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 9.9% a year on average. The last full year, FY26, came in at ₹2,368 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,450 Cr.

FY26 revenue was ₹2,368 Cr, +11.5% on the year before.

Recent pace: the last four quarters grew +9.6% on average, against 9.9% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.8%, against +13.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −52.4%, against +233.5% a year (rolling over).

S H Kelkar & Company Ltd's operating margin was 13.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 10.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 145% of S H Kelkar & Company Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹263 Cr of operating cash against ₹69.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹398 Cr of spending on assets, free cash was −₹135 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 145% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

S H Kelkar & Company Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 189 days in FY26, down from 195 days in FY21. It spent ₹641 Cr on assets over the last 3 years. Customers take 98 days to pay, and stock sits for 182 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,368 Cr, each day of that cycle ties up about ₹6.5 Cr, so roughly ₹1,226 Cr is tied up in the business at any time.

FY26: customers took 98 days to pay and stock sat for 182 days, about 6.0 months of sales sitting as stock, for a full cycle of 189 days, shorter than FY21's 195.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 182 days. Customers pay about 98 days after that. Suppliers are paid at 91 days. Together that makes the 189-day cycle.

Spending on assets: ₹641 Cr over the last 3 years, against ₹303 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹96.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

S H Kelkar & Company Ltd's P/E is 36.7×, near the high end of its own history: higher than 77% of past readings. Its usual P/E (the middle reading) is 24.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.