Financials S H Kelkar and Company Limited

Equities

SHK

INE500L01026

Specialty Chemicals

Market Closed - NSE India S.E. 05:13:55 14/06/2024 pm IST 5-day change 1st Jan Change
202.8 INR +0.78% Intraday chart for S H Kelkar and Company Limited +2.55% +39.46%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 37,464 22,020 10,498 15,382 19,396 13,450
Enterprise Value (EV) 1 38,971 25,031 13,525 19,193 25,183 18,775
P/E ratio 39.7 x 24.7 x 29.7 x 10.6 x 13.3 x 22 x
Yield 0.68% - 1.25% 1.57% 0.52% 2.01%
Capitalization / Revenue 3.65 x 2.1 x 0.94 x 1.16 x 1.24 x 0.8 x
EV / Revenue 3.8 x 2.39 x 1.21 x 1.45 x 1.61 x 1.11 x
EV / EBITDA 22.8 x 14.2 x 8.08 x 8.22 x 12 x 9.61 x
EV / FCF -121 x -28.4 x 11.5 x 19 x -144 x 21.3 x
FCF Yield -0.83% -3.52% 8.68% 5.26% -0.7% 4.7%
Price to Book 4.34 x 2.51 x 1.27 x 1.62 x 1.91 x 1.26 x
Nbr of stocks (in thousands) 1,44,621 1,43,594 1,37,947 1,38,014 1,35,114 1,35,175
Reference price 2 259.0 153.4 76.10 111.4 143.6 99.50
Announcement Date 10/08/18 15/07/19 08/08/20 14/07/21 12/07/22 19/07/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 10,251 10,481 11,142 13,220 15,642 16,865
EBITDA 1 1,706 1,760 1,674 2,335 2,103 1,953
EBIT 1 1,494 1,471 1,311 1,902 1,590 1,330
Operating Margin 14.57% 14.04% 11.77% 14.39% 10.16% 7.89%
Earnings before Tax (EBT) 1 1,448 1,153 544.8 1,935 1,323 1,044
Net income 1 941.9 884.8 356.9 1,447 1,486 611.7
Net margin 9.19% 8.44% 3.2% 10.95% 9.5% 3.63%
EPS 2 6.519 6.200 2.558 10.48 10.81 4.525
Free Cash Flow 1 -321.9 -881.2 1,174 1,010 -175.4 882.4
FCF margin -3.14% -8.41% 10.53% 7.64% -1.12% 5.23%
FCF Conversion (EBITDA) - - 70.12% 43.28% - 45.19%
FCF Conversion (Net income) - - 328.8% 69.83% - 144.25%
Dividend per Share 2 1.750 - 0.9500 1.750 0.7500 2.000
Announcement Date 10/08/18 15/07/19 08/08/20 14/07/21 12/07/22 19/07/23
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 3,830 4,052 3,590 3,599 4,036 4,593 4,150 4,142
EBITDA 1 668.5 671.1 414.2 538.6 621 603 548.7 586.6
EBIT 1 500.1 489.3 242 365.1 449.9 402.1 350.8 382.4
Operating Margin 13.06% 12.08% 6.74% 10.14% 11.15% 8.76% 8.45% 9.23%
Earnings before Tax (EBT) 1 506.9 531.6 244 273 430.8 373.8 314.9 351.5
Net income 1 353.9 401.3 814.7 222.2 323.7 125 216 240.9
Net margin 9.24% 9.9% 22.69% 6.17% 8.02% 2.72% 5.2% 5.82%
EPS 2 2.560 2.910 5.900 1.610 2.350 0.9100 1.600 1.800
Dividend per Share - - - - - - - -
Announcement Date 10/02/21 27/05/21 06/08/21 29/10/21 07/02/22 25/05/22 09/08/22 21/10/22
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,507 3,011 3,027 3,812 5,788 5,325
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.8831 x 1.711 x 1.809 x 1.633 x 2.753 x 2.727 x
Free Cash Flow 1 -322 -881 1,174 1,010 -175 882
ROE (net income / shareholders' equity) 11.3% 10.2% 4.2% 16.1% 14.6% 5.73%
ROA (Net income/ Total Assets) 7.92% 6.75% 5.59% 7.02% 4.74% 3.68%
Assets 1 11,889 13,110 6,390 20,617 31,368 16,624
Book Value Per Share 2 59.70 61.10 59.70 69.00 75.00 78.70
Cash Flow per Share 2 1.210 2.650 4.530 9.890 8.820 4.700
Capex 1 1,208 1,180 447 338 268 688
Capex / Sales 11.78% 11.26% 4.01% 2.55% 1.71% 4.08%
Announcement Date 10/08/18 15/07/19 08/08/20 14/07/21 12/07/22 19/07/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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