S H Kelkar and Company Limited has informed the Exchange about Transcript of Conference Call for Investor and Analysts
SHK · price
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Awaiting price reaction for this filing.
S H Kelkar reported a strong 15% revenue growth in FY25, with the Fragrance division up 19% and Flavours up 43%. The company has guided for 12%+ revenue growth going forward and aims to improve EBITDA margins from the current ~15% to a long-term target of 18-20% by FY27, once new facility-related additional costs (Rs. 15-20 crore) taper off. CAPEX of about Rs. 200 crore is planned over the next two years, with net debt expected to reduce from Rs. 658 crore currently to roughly Rs. 550 crore by end of FY26, and further meaningfully lower from FY27. Three new international centres in Germany, Manchester, and New Jersey are expected to cumulatively contribute Rs. 250-300 crore of revenue over the next three years. The Board has recommended a final dividend of Rs. 1 per share. An interim insurance payout of Rs. 95 crore has been received from the Vashivali fire claim, with the balance of ~Rs. 200 crore expected over the next two years.
Positive for shareholders: clear multi-year growth and margin roadmap with credible international expansion. Short-term margin pressure from BCP costs is acknowledged and already priced in, with improvement visibility from FY27. Debt reduction trajectory and ongoing insurance recoveries strengthen the balance sheet outlook.