S.H. Kelkar Ltd


(Pavas) #21

Curiously this valuation also gets promoter stake to ~75% …the permissible limit…


(Pankaj) #22

Thanks Mahesh. I agree that valuations are not exorbitant.


(Kiran K) #23

@Mahesh and members tracking,
Any reason why the working capital is stretched over the years ? (data from screener)


(Mahesh Shah) #24

There seems to be some inaccuracy in data posted by you. Do refer prospectus/past consolidated ARs of SHK to arrive at figures and they seem to be more or less stable over last many years. The nature of the industry is such that the company has to hold on to a large inventory of varied RMs as each F&F blend is composed of multi ingredients mixed in minuscule proportions.

Rgds.

Discl. - Not Invested in SHK


(Kiran K) #25

@Mahesh Yes. There was some inconsistency in the data I extracted from sceener. Got the below data from RHP. Thanks


(kaustubhkale) #26

Attached are my notes from annual report (posting link, since jotted too many points):

Disclosure: Invested