S H Kelkar and Company Limited Net Assets

Latest as of March 2026: Rs13.62 Billion INR ≈ $147.34 Million USD

S H Kelkar and Company Limited net assets. Based on the latest financial reports, S H Kelkar and Company Limited (SHK) has net assets worth Rs13.62 Billion INR (≈ $147.34 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs29.13 Billion ≈ $315.05 Million USD) and total liabilities (Rs15.51 Billion ≈ $167.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore SHK net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs13.62 Billion
% of Total Assets	46.77%
Annual Growth Rate	10.47%
5-Year Change	24.58%
10-Year Change	67.84%
Growth Volatility	18.13

Net Assets of S H Kelkar and Company Limited (2011–2026)

Net assets of S H Kelkar and Company Limited from 2011 to 2026. This chart illustrates how S H Kelkar and Company Limited's net assets have evolved over time, based on quarterly financial data. See SHK net asset quality score to measure how much of total assets are equity-financed.

Annual Net Assets for S H Kelkar and Company Limited (2011–2026)

The table below shows the annual net assets of S H Kelkar and Company Limited from 2011 to 2026. For live market cap and overall valuation, see S H Kelkar and Company Limited stock valuation.

Year	Net Assets	Change
2026-03-31	Rs13.62 Billion ≈ $147.34 Million	+7.07%
2025-03-31	Rs12.72 Billion ≈ $137.61 Million	+4.80%
2024-03-31	Rs12.14 Billion ≈ $131.31 Million	+10.12%
2023-03-31	Rs11.03 Billion ≈ $119.25 Million	+0.82%
2022-03-31	Rs10.94 Billion ≈ $118.27 Million	+14.57%
2021-03-31	Rs9.55 Billion ≈ $103.23 Million	+14.38%
2020-03-31	Rs8.35 Billion ≈ $90.25 Million	-4.53%
2019-03-31	Rs8.74 Billion ≈ $94.54 Million	+2.01%
2018-03-31	Rs8.57 Billion ≈ $92.67 Million	+5.56%
2017-03-31	Rs8.12 Billion ≈ $87.79 Million	+13.36%
2016-03-31	Rs7.16 Billion ≈ $77.44 Million	+69.63%
2015-03-31	Rs4.22 Billion ≈ $45.65 Million	-11.47%
2014-03-31	Rs4.77 Billion ≈ $51.57 Million	+1.01%
2013-03-31	Rs4.72 Billion ≈ $51.05 Million	+25.47%
2012-03-31	Rs3.76 Billion ≈ $40.68 Million	+23.05%
2011-03-31	Rs3.06 Billion ≈ $33.06 Million	--

Equity Component Analysis

This analysis shows how different components contribute to S H Kelkar and Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 3255.2% over the analyzed period, indicating profitable operations and earnings retention.

S H Kelkar and Company Limited Net Assets Breakdown (March 2026)

S H Kelkar and Company Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Retained Earnings	Rs9.45 Billion	69.35%
Common Stock	Rs1.38 Billion	10.16%
Other Comprehensive Income	Rs1.79 Billion	13.16%
Other Components	Rs997.00 Million	7.32%
Total Equity	Rs13.62 Billion	100.00%

S H Kelkar and Company Limited Competitors by Market Cap

The table below lists competitors of S H Kelkar and Company Limited ranked by their market capitalization.

Company	Market Cap
Akwel SA PA:AKW	$191.12 Million
Niagen Bioscience, Inc. NASDAQ:NAGE	$191.15 Million
S-Oil Corp Pref KO:010955	$191.16 Million
Habco Trans Maritima JK:HATM	$191.24 Million
ZongTai Real Estate Development Co Ltd TW:3056	$191.03 Million
Hwacom Systems TWO:6163	$190.94 Million
Eaton Vance Municipal Income Term Closed Fund NYSE:ETX	$190.90 Million
Rockfields Property Indonesia Pt JK:ROCK	$190.90 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in S H Kelkar and Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 12,719,600,000 to 13,618,900,000, a change of 899,300,000 (7.1%).
Net income of 692,600,000 contributed positively to equity growth.
Dividend payments of 276,700,000 reduced retained earnings.
Other comprehensive income increased equity by 482,500,001.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs692.60 Million	+5.09%
Dividends Paid	Rs276.70 Million	-2.03%
Other Comprehensive Income	Rs482.50 Million	+3.54%
Other Changes	Rs900.00K	+0.01%
Total Change	Rs-	7.07%

Book Value vs Market Value Analysis

This analysis compares S H Kelkar and Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.30x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 8.27x to 1.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-03-31	Rs15.44	Rs127.65	x
2012-03-31	Rs26.01	Rs127.65	x
2013-03-31	Rs32.50	Rs127.65	x
2014-03-31	Rs33.72	Rs127.65	x
2015-03-31	Rs29.84	Rs127.65	x
2016-03-31	Rs52.49	Rs127.65	x
2017-03-31	Rs56.13	Rs127.65	x
2018-03-31	Rs59.31	Rs127.65	x
2019-03-31	Rs60.50	Rs127.65	x
2020-03-31	Rs59.06	Rs127.65	x
2021-03-31	Rs68.95	Rs127.65	x
2022-03-31	Rs73.75	Rs127.65	x
2023-03-31	Rs78.74	Rs127.65	x
2024-03-31	Rs88.43	Rs127.65	x
2025-03-31	Rs92.22	Rs127.65	x
2026-03-31	Rs98.32	Rs127.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently S H Kelkar and Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 5.09%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.92%
• Asset Turnover: 0.81x
• Equity Multiplier: 2.14x
Recent ROE (5.09%) is below the historical average (11.01%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	14.10%	6.88%	0.66x	3.08x	Rs91.52 Million
2012	10.95%	7.26%	0.79x	1.90x	Rs35.71 Million
2013	12.64%	8.98%	0.86x	1.64x	Rs124.76 Million
2014	16.62%	10.44%	0.88x	1.81x	Rs315.84 Million
2015	16.68%	8.45%	0.92x	2.14x	Rs282.08 Million
2016	10.20%	7.92%	0.92x	1.41x	Rs14.55 Million
2017	12.91%	10.75%	0.91x	1.33x	Rs236.46 Million
2018	10.96%	9.21%	0.80x	1.49x	Rs81.90 Million
2019	10.25%	8.50%	0.72x	1.67x	Rs21.45 Million
2020	4.33%	3.23%	0.74x	1.81x	Rs-467.07 Million
2021	15.20%	11.00%	0.69x	1.99x	Rs495.29 Million
2022	14.66%	9.53%	0.68x	2.27x	Rs472.40 Million
2023	5.75%	3.65%	0.75x	2.09x	Rs-452.68 Million
2024	10.09%	6.68%	0.76x	1.98x	Rs11.39 Million
2025	5.76%	3.47%	0.79x	2.11x	Rs-539.56 Million
2026	5.09%	2.92%	0.81x	2.14x	Rs-669.29 Million

Industry Comparison

This section compares S H Kelkar and Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $5,262,975,265
Average return on equity (ROE) among peers: 21.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
S H Kelkar and Company Limited (SHK)	Rs13.62 Billion	14.10%	1.14x	$191.09 Million
Aarti Industries Limited (AARTIIND)	$14.26 Billion	22.14%	1.45x	$1.68 Billion
Aarti Surfactants Limited (AARTISURF)	$1.33 Billion	16.31%	1.89x	$41.73 Million
ABM International Limited (ABMINTLLTD)	$229.25 Million	44.30%	0.34x	$4.85 Million
Advanced Enzyme Technologies Limited (ADVENZYMES)	$12.84 Billion	8.23%	0.11x	$337.21 Million
Aether Industries Limited (AETHER)	$3.87 Billion	28.16%	0.99x	$2.18 Billion
Akzo Nobel India Limited (AKZOINDIA)	$3.05 Billion	20.15%	1.34x	$1.60 Billion
Alkali Metals Limited (ALKALI)	$513.80 Million	2.54%	0.73x	$8.63 Million
Alkyl Amines Chemicals Limited (ALKYLAMINE)	$11.69 Billion	19.56%	0.36x	$913.12 Million
Ami Organics Limited (AMIORG)	$274.24 Million	46.15%	2.37x	$1.18 Billion
Anupam Rasayan India Limited (ANURAS)	$4.58 Billion	9.03%	1.19x	$1.40 Billion

About S H Kelkar and Company Limited

NSE:SHK India Specialty Chemicals

Market Cap

$191.09 Million

Rs17.67 Billion INR

Market Cap Rank

#16515 Global

#846 in India

Share Price

Rs127.65

Change (1 day)

+1.84%

52-Week Range

Rs112.34 - Rs222.31

All Time High

Rs327.30