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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
S H Kelkar and Company Limited is an India-based fragrance and flavour company. The Company is engaged in the business of manufacturing, supplying and exporting fragrances, flavours and aroma ingredients. The Company's segments include Fragrance and Flavours. The fragrance…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, reasonably priced.
S H Kelkar and Co. is scored on the general / industrial framework. It keeps a thin 2.9% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 3.81× reported profit. Free cash flow is worth about 3.2% of its market value.
Over the last 3 years revenue compounded at 12%/yr and profit at 3%/yr. Book value has grown 7%/yr. Return on equity is a weak 3.8%. In the latest quarter profit grew 2424% versus the prior quarter.
At 26× earnings, the stock sits at the 32nd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~8%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 19.05 | — | — |
| P/B | 1.27 | 2.69 | better |
| EV/EBITDA | 8.19 | 10.45 | better |
| ROE | 3.78 | — | — |
| ROCE | 6.11 | — | — |
| ROA | 3.1 | — | — |
| Quick Ratio | 0.69 | 2.26 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Pidilite Industries | 59.1 | 14.3 | 23.9% |
| SRF | 32.3 | 4.8 | 14.9% |
| Linde India | 118.3 | 13.3 | 11.3% |
Revenue has grown every year across all 4 financial years shown. 12% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (12% vs 3%) — costs are rising faster than the top line.
Operating margins have been stable around 5% — no major structural shift.
ROE at 5% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 3% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 3.8× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 16% above earlier ones.
Profit jumped 2424% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (2% → 7%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 54.9% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.