# S H Kelkar & Company share price today (S H Kelkar & Company Ltd, NSE: SHK)

> S H Kelkar & Company share price today: ₹131.20 at the NSE close on 4 November 2026, down 39.5% in a year. S H Kelkar & Company (NSE: SHK) is worth ₹1,821 crore, trades at a P/E of 38.5 and has closed between ₹119.38 and ₹216.86 over the past 52 weeks. > S H Kelkar & Company Ltd's share price has fallen more than its earnings. Earnings per share fell 5.5% in a year while the price moved −39.5%. SHK · Chemicals - Others · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/s-h-kelkar-company-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹131.20 (−39.5% in a year)
- P/E: 38.5× (higher than 82% of the last 11 years)
- Revenue (Jun 2026): ₹662 Cr (+14.1% on a year ago)
- Profit (Jun 2026): ₹45.0 Cr (+73.1% on a year ago)
- Operating margin: 13.0% (flat on a year ago)
- ROCE: 6%, FY26
- ROIC: 4.0%, against a 12.0% cost of capital: −8.0 points

The main question: yearly earnings per share moved −5.5% while the share price moved −39.5%. ## What is the S H Kelkar & Company share price today? S H Kelkar & Company Ltd's share price was ₹131.20 at the close on 4 November 2026. It has been falling for 51 weeks. That is 13.2% 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 3 weeks running. In the last 52 weeks it traded between ₹119 and ₹217, and at that close it sat 12% of the way up from that low. Over the last 11 years the share price moved −43% 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. ## What changed at S H Kelkar & Company this quarter? 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. ## What are S H Kelkar & Company's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹662 crore | ₹580 crore | +14.1% |
| Profit | ₹45.0 crore | ₹26.0 crore | +73.1% |
| Earnings per share | ₹3.28 | ₹1.85 | +77.3% |
| Operating margin | 13.0% | 13.0% | 0.0 points |

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.)

## What is the S H Kelkar & Company share price history? S H Kelkar & Company closed at ₹131.20 on 4 November 2026, down 39.5% from ₹216.86 a year earlier (7 November 2025) and down 14.0% 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹125.34 | +4.7% |
| 1 month ago · 1 Oct 2026 | ₹137.86 | −4.8% |
| 6 months ago · 8 May 2026 | ₹152.83 | −14.2% |
| 1 year ago · 7 Nov 2025 | ₹216.86 | −39.5% |
| 3 years ago · 3 Nov 2023 | ₹147.40 | −11.0% |
| 5 years ago · 4 Nov 2021 | ₹152.50 | −14.0% |
| 10 years ago · 4 Nov 2016 | ₹305.75 | −57.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹232.10 | −43.5% |
| Highest weekly close since March 2016 · 2 Sep 2016 | ₹341.35 | −61.6% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹50.30 | +160.8% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹216.86 | −39.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹119.38 | +9.9% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on S H Kelkar & Company? 4 Nov 2026: S H Kelkar & Company closed at ₹131.20, up 4.7% on the week and down 4.8% 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. ## What dividend does S H Kelkar & Company pay? S H Kelkar & Company paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.76% at the ₹131.20 close on 4 November 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 13 Feb 2026 | ₹1 | Interim |
| 1 Aug 2025 | ₹1 | Dividend |
| 12 Apr 2024 | ₹0.75 | Interim |
| 3 Aug 2023 | ₹2 | Dividend |
| 2 Aug 2022 | ₹0.75 | Dividend |
| 2 Aug 2021 | ₹0.75 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did S H Kelkar & Company management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/6462-29-Jul-2026.pdf). (From the call for April to June 2026, 29 July 2026.)

## What to watch in S H Kelkar & Company's next results? 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. - What to check (from the call)
- 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. - Global ingredient business should resume growth in H2 FY27 after Q1 supply disruption and the transition away from the China supply chain. - Mahad factory should become operational in October to December 2026; track whether remaining India capital spending is deployed or deferred in line with demand. - Q2 operating margin should remain broadly similar to 13.4%, with gross margin protected by inventory and contracts; September debt may be slightly higher before expected Q3 deleveraging. ## Which stock lists is S H Kelkar & Company on? S H Kelkar & Company is not on any of our India lists this week. ## Is S H Kelkar & Company profitable? 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. 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. ## How much revenue does S H Kelkar & Company make, and is it growing? 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. 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). ## How much of every ₹100 of sales does S H Kelkar & Company keep? 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. 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. ## Is S H Kelkar & Company's profit turning into cash? 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. 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. ## Where does S H Kelkar & Company's cash go? 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. 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. ## What is S H Kelkar & Company's P/E ratio, and how does it compare with its own history? S H Kelkar & Company Ltd's P/E is 38.5×, near the high end of its own history: higher than 82% 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. Why the multiple is where it is: over the past year earnings per share moved −5.5% while the price moved −39.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −3.0% a year; about −23.3% a year came from earnings growth and about +20.3 percentage points from the multiple (the market paying more); over 10 years the price moved −8.1% a year; about −6.6% a year came from earnings growth and about −1.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the S H Kelkar & Company business getting better or worse? S H Kelkar & Company Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −52.4% in the latest quarter, against +4175.0% at its best in 12 quarters, with ROCE steady at 12.3%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does S H Kelkar & Company earn on its capital? S H Kelkar & Company Ltd earned a ROCE of 6% in FY26. Its return on capital used (ROIC) is 8.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 2.9% net margin and 0.82× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.9% net margin × 0.82× asset turnover × 2.12× leverage (assets divided by equity) ≈ 5.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.0% − 12.0% = −8.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does S H Kelkar & Company have too much debt? S H Kelkar & Company Ltd has total debt of ₹1,029 Cr against shareholder equity of ₹1,362 Cr as of Jun 2026, so its debt is 0.76× its equity. Year by year, that ratio went from 0.64 in FY22 to 0.76 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the S H Kelkar & Company shareholding pattern? Foreign institutions cut their stake in S H Kelkar & Company Ltd by 4.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 5.3% of the company. Domestic institutions moved +4.1 points over the same period, to 6.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −4.1 points over 8 quarters, to 5.3%; Domestic institutions: +4.1 points over 8 quarters, to 6.3%; Promoters: −0.8 points over 8 quarters, to 54.9%. Why the owners changed: foreign institutions moved −4.1 points and domestic institutions +4.1 points over 8 quarters, while promoters moved −0.8 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is S H Kelkar & Company from balance-sheet trouble? For S H Kelkar & Company Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does S H Kelkar & Company rank in its industry? 26.0 out of 100, rank 3 of 4 in Chemicals - Others, with 97% of the evidence available. S H Kelkar & Company Ltd scores 26.0 out of 100 against the 4 companies it is compared with in Chemicals - Others, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.9 + 7.7 + 9.4 + 0 = 26. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is S H Kelkar & Company compared with? S H Kelkar & Company ranks 3 of 4 Chemicals - Others companies on the 4-Factor Sector Score, with 26.0 out of 100. 1. [Petro Carbon & Chemicals Ltd](https://www.sectoralpha.in/stocks/petro-carbon-chemicals-ltd) PCCL · breaking out · Too little evidence to rank firmly · 55% evidence 66.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue n/a · Profit n/a · Operating margin change 8.6 points · 27% evidence Capital efficiency 14.1/25 · ROCE 14.1% · Operating margin 12% · 100% evidence Valuation 10.0/20 · P/E 41.4× · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 36.8% · Lead over NIFTY 500 58.1% · 1 year 129.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.3 + 14.1 + 10 + 20 = 66.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [Shree Pushkar Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/shree-pushkar-chemicals-fertilizers-ltd) SHREEPUSHK · breaking out · Evidence leans up · 97% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 15.6% · Profit 7.5% · Operating margin change 0 points · 100% evidence Capital efficiency 9.8/25 · ROCE 12.9% · Operating margin 11% · 100% evidence Valuation 11.7/20 · P/E 27× · PEG 0.42 · 85% evidence Relative strength 20.0/20 · Lead over its industry 37.1% · Lead over NIFTY 500 59.9% · 1 year 50.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 17 + 9.8 + 11.7 + 20 = 58.5 · What this means: Relative strength against the index is 59.9%, and revenue and profit growth are weak. 3. S H Kelkar & Company Ltd this page SHK · quiet · Most evidence points down · 97% evidence 26.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.9/35 · Revenue 9.8% · Profit -52.4% · Operating margin change 0 points · 100% evidence Capital efficiency 7.7/25 · ROCE 5.8% · Operating margin 13% · 100% evidence Valuation 9.4/20 · P/E 36.7× · PEG 1.38 · 85% evidence Relative strength 0.0/20 · Lead over its industry -24.7% · Lead over NIFTY 500 -11.2% · 1 year -43.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 8.9 + 7.7 + 9.4 + 0 = 26 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Camlin Fine Sciences Ltd](https://www.sectoralpha.in/stocks/camlin-fine-sciences-ltd) CAMLINFINE · basing · Most evidence points down · 64% evidence 21.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 9.4% · Profit 100% · Operating margin change -3.2 points · 71% evidence Capital efficiency 3.0/25 · ROCE 4.8% · Operating margin 1.8% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 0.0/20 · Lead over its industry -42.2% · Lead over NIFTY 500 -31.4% · 1 year -57.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.3 + 3 + 10 + 0 = 21.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Chemicals - Others](https://www.sectoralpha.in/sectors/chemicals-others), all 4 compared on one page. ## Which companies are close to S H Kelkar & Company in size? S H Kelkar & Company is the 2nd largest of 4 Chemicals - Others companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Shree Pushkar Chemicals & Fertilizers. Just below it: Camlin Fine Sciences and Petro Carbon & Chemicals. ### Chemicals - Others companies close in size

1. [Shree Pushkar Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/shree-pushkar-chemicals-fertilizers-ltd) ₹1,949 crore
2. S H Kelkar & Company Ltd ₹1,735 crore
3. [Camlin Fine Sciences Ltd](https://www.sectoralpha.in/stocks/camlin-fine-sciences-ltd) ₹1,616 crore
4. [Petro Carbon & Chemicals Ltd](https://www.sectoralpha.in/stocks/petro-carbon-chemicals-ltd) ₹1,040 crore

[All 4 Chemicals - Others companies, largest first](https://www.sectoralpha.in/sectors/chemicals-others#all-companies)

### Companies close in size in other industries

1. [Euro Pratik Sales Ltd](https://www.sectoralpha.in/stocks/euro-pratik-sales-ltd) ₹1,736 crore · Trading
2. [Gaja Alternative Asset Management Ltd](https://www.sectoralpha.in/stocks/gaja-alternative-asset-management-ltd) ₹1,735 crore
3. S H Kelkar & Company Ltd ₹1,735 crore
4. [Fischer Medical Ventures Ltd](https://www.sectoralpha.in/stocks/fischer-medical-ventures-ltd) ₹1,732 crore · Chemicals - Inorganic
5. [Vidya Wires Ltd](https://www.sectoralpha.in/stocks/vidya-wires-ltd) ₹1,729 crore · Electric Equipment - General

## What else do people ask about S H Kelkar & Company? ### What is S H Kelkar & Company's share price today? S H Kelkar & Company Ltd's share price is ₹131.20, −39.5% over the past year. The whole company is worth ₹1,821 Cr on the market. In the last 52 weeks it traded between ₹119 to ₹217; today it is 12% of the way up from the low, 13.2% below its 200-day average (as of 4 November 2026). ### What were S H Kelkar & Company's latest quarterly results? S H Kelkar & Company Ltd reported revenue of ₹662 Cr and net profit of ₹45.0 Cr for the Jun 2026 quarter. Revenue rose 14.1% and profit rose 73.1% compared with a year earlier. Earnings per share were ₹3.28 (as of 4 November 2026). ### What is S H Kelkar & Company's market cap? S H Kelkar & Company Ltd's market capitalisation is ₹1,821 Cr at a share price of ₹131.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is S H Kelkar & Company performing? S H Kelkar & Company Ltd's share price has been falling for 51 weeks. In its latest quarter, revenue rose 14.1% and profit rose 73.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 4 November 2026). ### Will S H Kelkar & Company's share price go up? This page does not forecast S H Kelkar & Company Ltd's share price. What it shows instead: the share price is ₹131.20, and it has been falling for 51 weeks. Its P/E of 38.5× is higher than 82% of its own last 11 years (as of 4 November 2026). ### Does S H Kelkar & Company have too much debt? S H Kelkar & Company Ltd has a moderate amount of debt: its debt is 0.76× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹1,029 Cr against equity of ₹1,361 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is S H Kelkar & Company in its business cycle? S H Kelkar & Company Ltd's FY26 operating margin was 10.0%, against a 13-year range of 10.0% to 18.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 13.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the S H Kelkar & Company story? The main question: yearly earnings per share moved −5.5% while the share price moved −39.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is S H Kelkar & Company a stock worth studying right now? What the numbers show: S H Kelkar & Company Ltd's share price has fallen more than its earnings. Earnings per share fell 5.5% in a year while the price moved −39.5%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a S H Kelkar & Company share price forecast for 2026? What management itself 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. This is research, not advice. We’re not SEBI-registered.