S H Kelkar and Company Limited has informed the Exchange about Shareholders meeting
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S H Kelkar has filed its FY 2024-25 Annual Report and Notice for the 69th AGM scheduled for August 12, 2025 at 4:30 PM via video conferencing. Consolidated total income grew 16.3% to ₹2,147 crores, supported by 13.9% growth in fragrances, 27.5% growth in flavours, and a 22.6% rise in global ingredients which turned profitable with an EBIT of ₹1.4 crores. Reported PAT dropped 40.9% to ₹73 crores due to a one-off exceptional loss of ₹61 crores from the Vashivali facility fire, though cash profit (excluding exceptional items) rose to ₹224.1 crores from ₹209 crores. The company is aggressively expanding globally with a new Indonesia greenfield plant operational, a Creative Development Centre (CDC) commissioned in Germany, another CDC underway in the UK, and US market entry via Keva USA Inc. Management targets 12%+ revenue CAGR, with EBITDA margins guided at 15-16% in FY26 and 18-20% by FY27, supported by ₹200 crore capex and net debt reduction from ₹658 crores to ₹600 crores.
Reported earnings were dragged by the fire-related exceptional loss, but underlying cash profit growth and strong global expansion (US entry, new R&D hubs) support a positive medium-term outlook. Shareholders should watch for margin recovery, debt reduction, and the August 12 AGM for any dividend or strategic announcements.