S H Kelkar (NSE:SHK) ROCE %: 6.76% (As of Mar. 2026)

What is S H Kelkar ROCE %?

S H Kelkar NSE:SHK -0.58% 77 ROCE % is 6.76% as of Mar. 2026. GuruFocus rates NSE:SHK with a GF Score™ of 77/100 and a GF Value™ of ₹238.50 (Possible Value Trap). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. S H Kelkar's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.76%.

S H Kelkar (NSE:SHK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

S H Kelkar ROCE % Related Terms

S H Kelkar ROCE % Historical Data

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The historical data trend for S H Kelkar's ROCE % 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.

S H Kelkar ROCE % Chart

S H Kelkar Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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9.83

7.76

14.05

10.87

10.15

S H Kelkar Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															28.30	12.79	6.33	15.18	6.76

77GF Score

S H Kelkar & Co Ltd NSE:SHK

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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S H Kelkar ROCE % Calculation

S H Kelkar's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	1679.2	/	( ( (26848.9 - 11313.2)	+	(29131.9 - 11586.8) )	/ 2 )
	=	1679.2	/	( (15535.7	+	17545.1)	/ 2 )
	=	1679.2	/	16540.4
	=	10.15 %

S H Kelkar's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	1185.2	/	( ( (0 - 0)	+	(29131.9 - 11586.8) )	/ 1 )
	=	1185.2	/	( ( 0	+	17545.1 )	/ 1 )
	=	1185.2	/	17545.1
	=	6.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 6.76% mean?

S H Kelkar (NSE:SHK) has a ROCE % of 6.76% as of Mar. 2026.

Is S H Kelkar's ROCE % too high?

S H Kelkar's current ROCE % is 6.76%. The Chemicals industry median ROCE % is 6.42. S H Kelkar's value of 6.76% is 5.3% above this industry median. Overall, S H Kelkar has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does S H Kelkar's ROCE % compare to LIN and SHW?

S H Kelkar's ROCE % of 6.76% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. S H Kelkar's value of 6.76% is 5.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Chemicals company?

The median ROCE % among Chemicals companies is 6.42, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S H Kelkar's current ROCE % of 6.76% is 5.3% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S H Kelkar's current ROCE % is 6.76%. 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 Possible Value Trap. The stock's GF Value™ is ₹238.50, compared to a current price of ₹134.75 — trading 43.5% below its estimated fair value. The current ROCE % is 6.76% and 5.3% above the Chemicals industry median of 6.42. S H Kelkar's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For S H Kelkar (NSE:SHK), the current ROCE % is 6.76% as of Mar. 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 ₹134.75 is trading 43.5% below its estimated GF Value™ of ₹238.50. GuruFocus considers S H Kelkar to be Possible Value Trap.

Key valuation signals for NSE:SHK:

ROCE %: 6.76%
GF Value™: ₹238.50 vs. price of ₹134.75 (43.5% below fair value)
GF Score™: 77/100 with 4 warning signs
Industry Position: 5.3% above the Chemicals median

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 Business Description

Industry Basic Materials Chemicals

Comparable Companies BOM:506480 NSE:STALLION BOM:512237 BOM:504092 BOM:531717 BOM:506532 BOM:530475 BOM:532834 BOM:543686 BOM:590005 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Other Exchanges 539450:India

Address Lal Bahadur Shashtri Marg, Near Balrajeshwar Temple, Mulund (West), Mumbai, MH, IND, 400 080

Website https://www.keva.co.in

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.

77GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹134.75

Price

₹238.50

GF Value

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