Buy S H Kelkar & Company, target price Rs 102: Motilal Oswal

Motilal Oswal has given buy rating S H Kelkar & Company with a target price of Rs 102. The share price moved up by 0.32 per cent from its previous close of Rs 78.35. The stock’s last traded price is Rs 78.60.

S H Kelkar & Company Ltd., incorporated in the year 1955, is a Small Cap company (having a market cap of Rs 1112.90 Crore) operating in Chemicals sector.

S H Kelkar & Company Ltd. key Products/Revenue Segments include Chemicals which contributed Rs 712.86 Crore to Sales Value (99.16 % of Total Sales), Other Operating Revenue which contributed Rs 4.85 Crore to Sales Value (0.67 % of Total Sales), Scrap which contributed Rs .84 Crore to Sales Value (0.11 % of Total Sales) and Export Incentives which contributed Rs .28 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2020.


Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 191.39 Crore, down 29.05 % from last quarter Sales of Rs 269.77 Crore and down -29.51 % from last year same quarter Sales of Rs 271.53 Crore. The Company reported net profit after tax of Rs 14.81 Crore in latest quarter.