Buy S H Kelkar & Company, target price Rs 152: Motilal Oswal

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Buy S H Kelkar & Company, target price Rs 152:  Motilal Oswal


Motilal Oswal has buy call on S H Kelkar & Company with a target price of Rs 152. The current market price of S H Kelkar & Company Ltd. is Rs 121.45.

S H Kelkar & Company Ltd., incorporated in the year 1955, is a Small Cap company (having a market cap of Rs 1724.11 Crore) operating in Chemicals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 377.97 Crore, up 7.41 % from last quarter Sales of Rs 351.88 Crore and up 31.43 % from last year same quarter Sales of Rs 287.59 Crore Company reported net profit after tax of Rs 35.02 Crore in latest quarter.

Investment Rationale
Factoring in the current demand scenario, particularly in business travel, the brokerage has lowered FY21E EBITDA estimate by 12% and have largely maintained FY22E/FY23E EBITDA estimates


Promoter/FII Holdings
Promoters held 58.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 10.8 per cent, DIIs 5.3 per cent and public and others 25.4 per cent.





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