S H Kelkar and Company Ltd
NSE:SHK

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S H Kelkar and Company Ltd Logo
S H Kelkar and Company Ltd
NSE:SHK
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Price: 145.82 INR -0.63% Market Closed
Market Cap: ₹20.2B

P/S

0.9
Current
32%
Cheaper
vs 3-y average of 1.3

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
₹20.8B
/
Revenue
₹22.9B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
₹20.8B
/
Revenue
₹22.9B

Valuation Scenarios

S H Kelkar and Company Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (1.3), the stock would be worth ₹215.21 (48% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+196%
Average Upside
97%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.9 ₹145.82
0%
3-Year Average 1.3 ₹215.21
+48%
5-Year Average 1.4 ₹222.93
+53%
Industry Average 1.7 ₹280.68
+92%
Country Average 2.6 ₹431.98
+196%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹20.8B
/
Jan 2026
₹22.9B
=
0.9
Current
₹20.8B
/
Mar 2026
₹23.9B
=
0.9
Forward
₹20.8B
/
Mar 2027
₹26.3B
=
0.8
Forward
₹20.8B
/
Mar 2028
₹30.2B
=
0.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
S H Kelkar and Company Ltd
NSE:SHK
20.2B INR 0.9 11.9
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
13.5T JPY 5.2 28.4
US
Sherwin-Williams Co
NYSE:SHW
78.7B USD 3.3 30.7
US
Ecolab Inc
NYSE:ECL
72.4B USD 4.5 34.9
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
282.8B CNY 1.3 21.5
CH
Givaudan SA
SIX:GIVN
25.7B CHF 3.4 23.8
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 9.3 54.8
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.3T INR 6.7 60.7
US
PPG Industries Inc
NYSE:PPG
23.4B USD 1.5 14.8
CH
Sika AG
F:SIKA
19.9B EUR 1.6 17.5

Market Distribution

Lower than 85% of companies in India
Percentile
15th
Based on 2 983 companies
15th percentile
0.9
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

S H Kelkar and Company Ltd
Glance View

Market Cap
20.2B INR
Industry
Chemicals

S.H.Kelkar & Co Ltd. is a holding company, which engages in the manufacture and sale of fragrances and flavours. The company is headquartered in Mumbai, Maharashtra and currently employs 1,047 full-time employees. The company went IPO on 2015-11-16. The firm is engaged in the manufacturing, supplying and exporting of fragrances and aroma ingredients, which is made of organic and inorganic chemical compounds. The company operates through two segments: Fragrances and Flavours. The firm offers fragrances in various categories, such as skincare and cosmetics, fabric care, household products, hair care, personal care and fine fragrances. The firm offers flavors in various categories, such as bakery products, beverages, confectionery, dairy products, savory food products and pharmaceuticals. The company also offers a range of services, which include bio technology research service, cosmetic research service, cosmetic testing laboratory and custom synthesis services.

SHK Intrinsic Value
234.78 INR
Undervaluation 38%
Intrinsic Value
Price ₹145.82
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