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S H KelkarNSE:SHK -3.19%79 Return-on-Tangible-Asset is 7.67% as of Jun. 2026, which is 11% above its 10-year median of 6.92. GuruFocus rates NSE:SHK with a GF Score™ of 79/100 and a GF Value™ of ₹242.40 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,611 Chemicals companies, S H Kelkar ranks better than 57.05% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. S H Kelkar's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹1,816 Mil. S H Kelkar's average total tangible assets for the quarter that ended in Jun. 2026 was ₹23,678 Mil. Therefore, S H Kelkar's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.67%.
The historical rank and industry rank for S H Kelkar's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SHK'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.61 Med: 6.92 Max: 10.53
Current: 3.92
During the past 12 years, S H Kelkar's highest Return-on-Tangible-Asset was 10.53%. The lowest was 2.61%. And the median was 6.92%.
NSE:SHK's Return-on-Tangible-Asset is ranked better than 57.05% of 1611
companies
in the Chemicals industry
Industry Median: 3.09
vs NSE:SHK: 3.92
S H Kelkar (NSE:SHK) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
S H Kelkar Return-on-Tangible-Asset Related Terms
S H Kelkar Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for S H Kelkar's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SHK vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, S H Kelkar's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
S H Kelkar Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, S H Kelkar's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where S H Kelkar's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.67% mean?
S H Kelkar (NSE:SHK) has a Return-on-Tangible-Asset of 7.67% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on S H Kelkar and its competitors. This is 11% above median its historical median of 6.92. Over the past decade, S H Kelkar's Return-on-Tangible-Asset has ranged from 2.61 to 10.53. According to the industry distribution chart, S H Kelkar ranks #692 out of 1611 companies in the Chemicals industry, placing it in the top 43%.
Is S H Kelkar's Return-on-Tangible-Asset too high?
S H Kelkar's current Return-on-Tangible-Asset of 7.67% is 11% above median its 10-year median of 6.92. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 10.53. The Chemicals industry median Return-on-Tangible-Asset is 3.09. S H Kelkar's value of 7.67% is 148.2% above this industry median. Based on the distribution chart, S H Kelkar ranks #692 out of 1611 companies in the Chemicals industry, which is above the industry midpoint. Overall, S H Kelkar has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S H Kelkar's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, S H Kelkar ranks #692 out of 1611 companies for Return-on-Tangible-Asset. This puts S H Kelkar in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.09. S H Kelkar's value of 7.67% is 148.2% above this benchmark. Historically, S H Kelkar's own Return-on-Tangible-Asset has ranged from 2.61 to 10.53 over the past decade. While the company's 10-year median is 6.92 vs. the industry median of 3.09, S H Kelkar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.09, based on 1,611 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S H Kelkar's current Return-on-Tangible-Asset of 7.67% is 148.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on S H Kelkar and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S H Kelkar's current Return-on-Tangible-Asset is 7.67%, which is 11% above median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S H Kelkar stock overvalued right now?
Based on GuruFocus' analysis, S H Kelkar (NSE:SHK) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹242.40, compared to a current price of ₹164.59 — trading 32.1% below its estimated fair value. The current Return-on-Tangible-Asset is 7.67%, which is 11% above median its 10-year median of 6.92 and 148.2% above the Chemicals industry median of 3.09. S H Kelkar's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For S H Kelkar (NSE:SHK), the current Return-on-Tangible-Asset is 7.67% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is S H Kelkar (NSE:SHK) Overvalued in 2026?
Based on GuruFocus' analysis, S H Kelkar stock appears to be undervalued.
The current stock price of ₹164.59 is trading 32.1% below its estimated GF Value™ of ₹242.40.
GuruFocus considers S H Kelkar to be Significantly Undervalued.
Key valuation signals for NSE:SHK:
Return-on-Tangible-Asset: 7.67% (11% above median its 10-year median of 6.92)
GF Value™: ₹242.40 vs. price of ₹164.59 (32.1% below fair value)
Industry Position: 148.2% above the Chemicals median (#692 of 1611)
No single metric tells the full story. See the NSE:SHK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S H Kelkar & Co Ltd is an Indian manufacturer of personal care products. The company's operating segment includes Fragrances and Flavours. Fragrances segment manufactures and trade in Fragrances and aroma ingredients for Fragrances. It generates maximum revenue from the Fragrances segment. Geographically, it derives a majority of revenue from India. The company's fragrances portfolio includes personal care, hair care, skincare and cosmetics, fabric care, household products, and fine fragrances. Its flavours portfolio includes bakery, beverages, confectionery, dairy, savoury and others.
79GF Score
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