
About Keva
Keva is a publicly listed company based in Mumbai (India) founded in 1922. Keva is recognized as a leading fragrance and flavor manufacturer. It operates on a Direct-to-Consumer (D2C) and B2B2C model. Keva has raised $47 million across 2 funding rounds from investors including Blackstone. The company has 898 employees. Keva has completed 1 acquisition, including CFF. Its chief executive, as recorded, is Kedar Vaze. Its website keva.co.in draws about 13 thousand monthly visits. Its Indian entity S H Kelkar And Company Limited reported revenue of βΉ2,435 Cr. Keva offers products and services including Fragrances, Flavours, Aroma Ingredients, and Technical Services. Its focus areas include Consumer Goods, Personal Care and Fragrances and Flavors.
Company details
Keva, formerly known as S H Kelkar Company, is established as one of Indias largest fragrance companies with a global presence. Operations are focused on crafting fragrances, flavors, and aroma ingredients that cater to personal care and food industries. Solutions are developed through extensive research and development facilities across multiple countries. A commitment to sustainability and diversity is maintained, ensuring products meet local tastes and global standards. Manufacturing plants and creative centers are strategically located worldwide to support innovation and market reach.
- Headquarters Mumbai, India
- Employees 898
- Stage Public
- SectorsChemicals & Materials
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website keva.co.in
- Social LinkedIn Facebook Instagram
- Legal Name S H Kelkar And Company Ltd
- Market Cap₹1,835 Cr
SHK · NSE
- Share Price₹130.06
-1.92% today
- Revenue₹2,390 Cr
FY 2025-26 · +11.6% YoY
- EBITDA₹242 Cr
Margin 10.1%
- Net Profit₹48.85 Cr
FY 2025-26 · -48.9% YoY
- P/E (TTM)33.9x
P/B 1.3x
- ROE3.7%
ROCE 5.8%
- Debt / Equity0.71
Interest cover 45.3x
- Total Equity Funding$47M (USD)
in 2 rounds
- Latest Funding Round$3M (USD), Series A
Jun 2021
- Investors
- Employee Count898
- Investments & Acquisitions
Associated legal entities of Keva
Keva operates through S H Kelkar And Company Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| S H Kelkar And Company Limited Listed CIN L74999MH1955PLC009593 | Active | 01 Jul 1955 | Mumbai, Maharashtra | ₹2,435 Cr | 557 | 11 | View details |
Products & Services of Keva
Keva offers a comprehensive portfolio of products and services, including Fragrances, Flavours, Aroma Ingredients, and Technical Services.
Fragrances are crafted to evoke emotions and memories.
Flavours are developed to enhance food taste experiences.
Aroma ingredients are used in fragrance product formulations.
Technical services are offered for biotechnology and cosmetics.
Funding Insights of Keva
Keva has successfully raised a total of $47M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $47M
- Total Rounds 2
- Last Round Series A β $3M
- First Round $44M
(Sep 2012)
- Investors Count 1
All 2 funding rounds of Keva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $3M | Series A | β | β | β |
| Sep 2012 | $44M | Private Equity Round | β | β |
1 investors in total: 1 institutional.
Investors in Keva
Keva has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Blackstone.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States |
Investor details for Keva
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of S H Kelkar And Company Limited (Keva)
S H Kelkar And Company Limited is the primary company behind Keva. The board of S H Kelkar And Company Limited currently have 8 directors; the longest-serving is Prabha Ramesh Vaze, appointed in 1980. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabha Ramesh Vaze DIN 00509817 | Director | 29 Oct 1980 | 46 yrs | S H Kelkar And Company Limited |
| Kedar Ramesh Vaze DIN 00511325 | Whole-time director | 27 Aug 2010 | 16 yrs 2 mo | S H Kelkar And Company Limited |
| Shrikant Bhikaji Oka DIN 08135918 | Director | 25 May 2018 | 8 yrs 5 mo | S H Kelkar And Company Limited |
| Ramesh Vinayak Vaze DIN 00509751 | Director | 01 Sep 2019 | 7 yrs 2 mo | S H Kelkar And Company Limited |
| Deepak Raj Bindra DIN 06835196 | Director | 15 Dec 2021 | 4 yrs 10 mo | S H Kelkar And Company Limited |
| Vasant Gujarathi DIN 06863505 | Director | 20 Feb 2022 | 4 yrs 8 mo | S H Kelkar And Company Limited |
| Neela Bhattacherjee DIN 01912483 | Director | 25 May 2022 | 4 yrs 5 mo | S H Kelkar And Company Limited |
| Pallavi Pratap Gokhale DIN 00036369 | Director | 01 Jul 2025 | 1 yr 4 mo | S H Kelkar And Company Limited |
People of Keva
6 people are tracked at Keva (4 in leadership, 2 in team); the tracked headcount is 898.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Reinder Hartholt | Finance Director - Europe | Leadership |
Rajeev Ranjan Mishra | Associate Vice President - Strategy And M&a | Leadership |
Paolo Nodari | Finance Director Fragrance Europe | Leadership |
Nils Schoegje Acma Cgma | Finance Manager, Keva Europe BV | Team |
Elisa Amador-Baars | Accounting And Reporting Specialist | Team |
Complete people profiles for Keva
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Keva
Keva is a publicly listed company on the NSE with ticker symbol SHK in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date16 Nov 2015
- Listed onNSE: SHK · BSE: 539450
- Listed entityS H Kelkar and Company Ltd
- Exchange sectorProcess industries
- ISININE500L01026
- Share price₹138.62 (+0.9% on the day) · 2026-10-14
- Market capitalisation₹1,903 Cr
- Price to earnings21.5
- EPS (diluted, trailing year)₹6.44
- Dividend yield1.46%
- Volume (last session)70,526
Financials of Keva
Exchange-reported figures of S H Kelkar And Company Limited, the listed company behind Keva (NSE: SHK).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,390 | 2,142 | 1,950 | 1,702 | 1,577 | 1,331 | 1,122 |
| Revenue growth | +11.6% | +9.9% | +14.5% | +8.0% | +18.5% | +18.6% | - |
| EBITDA | 242 | 234 | 307 | 197 | 206 | 239 | 123 |
| EBITDA margin | +10.1% | +10.9% | +15.7% | +11.6% | +13.1% | +18.0% | +10.9% |
| Profit before tax | 112 | 114 | 182 | 104 | 132 | 194 | 54.48 |
| Net profit | 48.85 | 95.65 | 123 | 69.39 | 156 | 133 | 57.51 |
| Net profit margin | +2.0% | +4.5% | +6.3% | +4.1% | +9.9% | +10.0% | +5.1% |
| EPS (βΉ) | 5.00 | 5.29 | 8.84 | 4.42 | 10.73 | 10.24 | 2.53 |
| Balance sheet | |||||||
| Total assets | 2,395 | 2,107 | 1,882 | 1,724 | 1,811 | 1,474 | 1,202 |
| Net worth | 1,362 | 1,272 | 1,213 | 1,064 | 1,013 | 952 | 824 |
| Total debt | 1,029 | 832 | 666 | 620 | 698 | 518 | 365 |
| Cash & bank | 64.93 | 86.78 | 103 | 67.22 | 123 | 139 | 65.55 |
| Net working capital | 991 | 1,039 | 880 | 737 | 794 | 656 | 544 |
| Cash flow | |||||||
| Cash from operations | 263 | 15.74 | 107 | 197 | 50.19 | 195 | 205 |
| Cash from investing | (209) | (69.47) | (83.53) | (110) | (134) | (148) | (41.52) |
| Cash from financing | (158) | 99.29 | 8.19 | (175) | 12.33 | 87.60 | (196) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 636 | 662 | 650 | 584 | 554 | 580 | 567 | 543 |
| Revenue growth (YoY) | +14.9% | +14.1% | +14.5% | +7.5% | +2.1% | +23.4% | - | - |
| Other income | 3.42 | 31.34 | 8.22 | 34.19 | 1.06 | 3.04 | 61.15 | 0.89 |
| EBITDA | 78.20 | 87.88 | 59.95 | 55.34 | 52.39 | 73.01 | 73.43 | 63.65 |
| EBITDA margin | +12.4% | +13.3% | +9.3% | +9.5% | +9.5% | +12.6% | +13.0% | +11.8% |
| Depreciation | 37.68 | 35.12 | 38.63 | 26.99 | 27.38 | 26.37 | 24.68 | 23.35 |
| Interest | 17.40 | 15.00 | 14.94 | 13.50 | 13.91 | 13.07 | 12.89 | 13.82 |
| Profit before tax | 26.54 | 69.10 | 14.60 | 49.04 | 12.16 | 36.61 | 97.01 | 27.37 |
| Tax | 11.98 | 23.67 | 12.80 | 16.41 | 2.99 | 11.06 | (5.50) | 9.86 |
| Net profit | 14.56 | 45.43 | 1.80 | 32.63 | 9.17 | 25.55 | 103 | 17.51 |
| EPS (βΉ) | 1.05 | 3.28 | 0.13 | 2.36 | 0.66 | 1.85 | 7.41 | 1.27 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,297 | 1,152 | 957 | 894 | 817 | 769 | 726 |
| Revenue growth | +12.6% | +20.4% | +7.0% | +9.4% | +6.3% | +5.9% | - |
| EBITDA | 28.93 | 10.78 | 134 | 95.09 | 85.14 | 99.45 | 73.10 |
| EBITDA margin | +2.2% | +0.9% | +14.1% | +10.6% | +10.4% | +12.9% | +10.1% |
| Profit before tax | 41.14 | (18.50) | 123 | 76.59 | 66.10 | 99.77 | 43.09 |
| Net profit | (5.44) | 55.39 | 94.36 | 66.96 | 42.45 | 79.93 | 31.51 |
| Net profit margin | -0.4% | +4.8% | +9.9% | +7.5% | +5.2% | +10.4% | +4.3% |
| EPS (βΉ) | 2.41 | (0.98) | 6.81 | 3.77 | 3.07 | 5.64 | 2.26 |
| Balance sheet | |||||||
| Total assets | 1,184 | 1,060 | 842 | 739 | 649 | 703 | 646 |
| Net worth | 739 | 734 | 759 | 643 | 601 | 635 | 569 |
| Total debt | 444 | 326 | 83.37 | 95.47 | 46.90 | 66.56 | 76.28 |
| Cash & bank | 6.87 | 13.24 | 21.49 | 8.70 | 11.70 | 31.39 | 36.39 |
| Net working capital | 256 | 311 | 279 | 193 | 89.42 | 133 | 109 |
| Cash flow | |||||||
| Cash from operations | 98.80 | (12.64) | 30.37 | (11.17) | 84.37 | 84.45 | 187 |
| Cash from investing | (160) | (178) | (20.16) | (24.02) | 10.49 | (65.25) | (31.65) |
| Cash from financing | 54.86 | 182 | 3.86 | 32.59 | (116) | (23.84) | (124) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 337 | 336 | 298 | 307 | 339 | 278 | 298 |
| Revenue growth (YoY) | +12.7% | -0.6% | +20.9% | -0.2% | -5.4% | +43.3% | - | - |
| Other income | 4.77 | 31.40 | 15.45 | 33.57 | 14.18 | 3.17 | 49.95 | 0.95 |
| Total expenses | 331 | 333 | 338 | 292 | 296 | 324 | 272 | 278 |
| EBITDA | 14.15 | 4.36 | (1.07) | 5.60 | 11.02 | 14.84 | 6.35 | 20.23 |
| EBITDA margin | +4.1% | +1.3% | -0.3% | +1.9% | +3.6% | +4.4% | +2.3% | +6.9% |
| Depreciation | 8.97 | 7.72 | 7.32 | 6.94 | 7.23 | 7.31 | 7.57 | 6.50 |
| Interest | 8.64 | 7.71 | 7.30 | 6.92 | 6.85 | 5.75 | 5.37 | 6.91 |
| Profit before tax | 1.31 | 20.33 | (0.24) | 25.31 | 11.12 | 4.95 | 43.36 | 7.77 |
| Tax | (0.34) | 5.12 | (0.25) | 6.66 | 0.52 | 0.85 | (17.48) | 1.44 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 636 | 662 | 650 | 584 | 554 | 580 | 567 | 543 |
| Revenue growth (YoY) | +14.9% | +14.1% | +14.5% | +7.5% | +2.1% | +23.4% | - | - |
| Other income | 3.42 | 31.34 | 8.22 | 34.19 | 1.06 | 3.04 | 61.15 | 0.89 |
| EBITDA | 78.20 | 87.88 | 59.95 | 55.34 | 52.39 | 73.01 | 73.43 | 63.65 |
| EBITDA margin | +12.4% | +13.3% | +9.3% | +9.5% | +9.5% | +12.6% | +13.0% | +11.8% |
| Depreciation | 37.68 | 35.12 | 38.63 | 26.99 | 27.38 | 26.37 | 24.68 | 23.35 |
| Interest | 17.40 | 15.00 | 14.94 | 13.50 | 13.91 | 13.07 | 12.89 | 13.82 |
| Profit before tax | 26.54 | 69.10 | 14.60 | 49.04 | 12.16 | 36.61 | 97.01 | 27.37 |
| Tax | 11.98 | 23.67 | 12.80 | 16.41 | 2.99 | 11.06 | (5.50) | 9.86 |
| Net profit | 14.56 | 45.43 | 1.80 | 32.63 | 9.17 | 25.55 | 103 | 17.51 |
| EPS (βΉ) | 1.05 | 3.28 | 0.13 | 2.36 | 0.66 | 1.85 | 7.41 | 1.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,390 | 2,142 | 1,950 | 1,702 | 1,577 | 1,331 | 1,122 |
| Revenue growth | +11.6% | +9.9% | +14.5% | +8.0% | +18.5% | +18.6% | - |
| Other income | 45.49 | 23.85 | 6.03 | 11.81 | 17.54 | 36.20 | 8.99 |
| Total expenses | 2,148 | 1,908 | 1,643 | 1,505 | 1,371 | 1,091 | 999 |
| Employee cost | 361 | 290 | 252 | 212 | 199 | 162 | 151 |
| EBITDA | 242 | 234 | 307 | 197 | 206 | 239 | 123 |
| EBITDA margin | +10.1% | +10.9% | +15.7% | +11.6% | +13.1% | +18.0% | +10.9% |
| Depreciation | 119 | 94.70 | 89.31 | 80.45 | 71.77 | 61.51 | 51.50 |
| Interest | 55.51 | 49.42 | 41.26 | 23.89 | 19.26 | 20.26 | 25.75 |
| Profit before tax | 112 | 114 | 182 | 104 | 132 | 194 | 54.48 |
| Tax | 43.26 | 40.73 | 58.75 | 41.41 | (17.16) | 49.53 | 18.62 |
| Net profit | 48.85 | 95.65 | 123 | 69.39 | 156 | 133 | 57.51 |
| Net profit margin | +2.0% | +4.5% | +6.3% | +4.1% | +9.9% | +10.0% | +5.1% |
| EPS (βΉ) | 5.00 | 5.29 | 8.84 | 4.42 | 10.73 | 10.24 | 2.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 138 | 138 | 138 | 138 | 138 | 141 | 141 |
| Reserves & surplus | 1,223 | 1,134 | 1,074 | 926 | 875 | 810 | 683 |
| Shareholders' funds (net worth) | 1,362 | 1,272 | 1,213 | 1,064 | 1,013 | 952 | 824 |
| Minority interest | 0.54 | 0.47 | 1.38 | 38.26 | 80.35 | 2.96 | 10.58 |
| Secured loans | 841 | 695 | 427 | 491 | 515 | 357 | 192 |
| Unsecured loans | 188 | 137 | 238 | 129 | 183 | 161 | 173 |
| Total debt | 1,029 | 832 | 666 | 620 | 698 | 518 | 365 |
| Total liabilities | 2,395 | 2,107 | 1,882 | 1,724 | 1,811 | 1,474 | 1,202 |
| Assets | |||||||
| Gross block | 1,824 | 1,443 | 1,345 | 1,240 | 1,243 | 943 | 609 |
| Net block | 1,182 | 953 | 933 | 914 | 959 | 741 | 472 |
| Capital work in progress | 96.50 | 46.05 | 12.78 | 26.43 | 8.88 | 27.85 | 17.78 |
| Investments | 11.21 | 11.16 | 9.59 | 23.02 | 1.35 | 1.31 | 97.00 |
| Inventories | 665 | 718 | 657 | 603 | 555 | 429 | 337 |
| Sundry debtors | 635 | 506 | 490 | 438 | 461 | 374 | 317 |
| Cash & bank balances | 64.93 | 86.78 | 103 | 67.22 | 123 | 139 | 65.55 |
| Loans & advances | 105 | 265 | 104 | 74.96 | 92.99 | 101 | 88.35 |
| Total current assets | 1,470 | 1,576 | 1,354 | 1,184 | 1,232 | 1,044 | 808 |
| Total current liabilities | 479 | 537 | 473 | 447 | 438 | 387 | 265 |
| Net working capital | 991 | 1,039 | 880 | 737 | 794 | 656 | 544 |
| Total assets | 2,395 | 2,107 | 1,882 | 1,724 | 1,811 | 1,474 | 1,202 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 20.26 | (25.30) | (57.42) | 30.74 | 102 | (33.07) | (0.52) |
| Net cash from operating activities | 263 | 15.74 | 107 | 197 | 50.19 | 195 | 205 |
| Net cash from investing activities | (209) | (69.47) | (83.53) | (110) | (134) | (148) | (41.52) |
| Net cash from financing activities | (158) | 99.29 | 8.19 | (175) | 12.33 | 87.60 | (196) |
| Net change in cash | (104) | 45.56 | 32.12 | (88.16) | (71.35) | 135 | (32.55) |
| Closing cash | 64.93 | 86.78 | 103 | 67.22 | 123 | 139 | 65.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +11.6% | +9.9% | +14.5% | +8.0% | +18.5% | +18.6% | - |
| EBITDA growth | +3.3% | -23.7% | +55.8% | -4.3% | -13.9% | +94.8% | - |
| PBT growth | -1.2% | -37.6% | +74.7% | -21.1% | -31.7% | +255.2% | -52.6% |
| Net income growth | -48.9% | -22.3% | +77.3% | -55.5% | +16.9% | +132.0% | - |
| Revenue CAGR (3Y) | +12.0% | +10.8% | +13.6% | +14.9% | +14.4% | +9.1% | +4.4% |
| EBITDA CAGR (3Y) | +7.1% | +4.4% | +8.7% | +17.1% | +14.2% | +17.7% | -9.7% |
| Profitability & leverage | |||||||
| Net income margin | +2.9% | +3.4% | +6.3% | +3.7% | +9.5% | +10.8% | +3.2% |
| Return on capital employed | +5.9% | +10.3% | +12.5% | +8.3% | +9.5% | +16.1% | +9.7% |
| Return on net worth | +3.7% | +7.7% | +10.9% | +6.9% | +15.2% | +16.2% | +6.8% |
| Debt / equity | 0.71 | 0.60 | 0.56 | 0.63 | 0.62 | 0.50 | 0.42 |
| Long-term debt / equity | 0.25 | 0.21 | 0.25 | 0.37 | 0.38 | 0.22 | 0.07 |
| Interest cover | 45.34 | 35.47 | 18.97 | 20.52 | 14.38 | 11.41 | 36.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.46 | 1.54 | 1.51 | 1.37 | 1.44 | 1.71 | 1.88 |
| Inventory turnover | 3.46 | 3.12 | 3.09 | 2.94 | 3.20 | 3.47 | 3.16 |
| Debtors turnover | 4.19 | 4.30 | 4.20 | 3.78 | 3.77 | 3.85 | 3.73 |
| EPS (βΉ) | 5.00 | 5.29 | 8.84 | 4.42 | 10.73 | 10.24 | 2.53 |
| Dividend per share (βΉ) | 1.00 | 1.00 | 0.75 | 2.00 | 0.75 | 1.75 | 0.95 |
| Book value per share (βΉ) | 98.39 | 91.89 | 87.62 | 76.89 | 73.20 | 67.34 | 58.31 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 337 | 336 | 298 | 307 | 339 | 278 | 298 |
| Revenue growth (YoY) | +12.7% | -0.6% | +20.9% | -0.2% | -5.4% | +43.3% | - | - |
| Other income | 4.77 | 31.40 | 15.45 | 33.57 | 14.18 | 3.17 | 49.95 | 0.95 |
| Total expenses | 331 | 333 | 338 | 292 | 296 | 324 | 272 | 278 |
| EBITDA | 14.15 | 4.36 | (1.07) | 5.60 | 11.02 | 14.84 | 6.35 | 20.23 |
| EBITDA margin | +4.1% | +1.3% | -0.3% | +1.9% | +3.6% | +4.4% | +2.3% | +6.9% |
| Depreciation | 8.97 | 7.72 | 7.32 | 6.94 | 7.23 | 7.31 | 7.57 | 6.50 |
| Interest | 8.64 | 7.71 | 7.30 | 6.92 | 6.85 | 5.75 | 5.37 | 6.91 |
| Profit before tax | 1.31 | 20.33 | (0.24) | 25.31 | 11.12 | 4.95 | 43.36 | 7.77 |
| Tax | (0.34) | 5.12 | (0.25) | 6.66 | 0.52 | 0.85 | (17.48) | 1.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,297 | 1,152 | 957 | 894 | 817 | 769 | 726 |
| Revenue growth | +12.6% | +20.4% | +7.0% | +9.4% | +6.3% | +5.9% | - |
| Other income | 67.83 | 15.96 | 20.72 | 13.77 | 12.69 | 34.43 | 10.18 |
| Total expenses | 1,268 | 1,141 | 822 | 799 | 732 | 670 | 653 |
| Employee cost | 118 | 102 | 93.90 | 84.80 | 84.24 | 77.61 | 90.90 |
| EBITDA | 28.93 | 10.78 | 134 | 95.09 | 85.14 | 99.45 | 73.10 |
| EBITDA margin | +2.2% | +0.9% | +14.1% | +10.6% | +10.4% | +12.9% | +10.1% |
| Depreciation | 28.80 | 26.49 | 25.70 | 27.32 | 27.68 | 27.63 | 28.29 |
| Interest | 26.82 | 18.75 | 6.82 | 4.95 | 4.05 | 6.48 | 11.90 |
| Profit before tax | 41.14 | (18.50) | 123 | 76.59 | 66.10 | 99.77 | 43.09 |
| Tax | 7.78 | (4.94) | 28.31 | 24.42 | 23.61 | 20.06 | 11.17 |
| Net profit | (5.44) | 55.39 | 94.36 | 66.96 | 42.45 | 79.93 | 31.51 |
| Net profit margin | -0.4% | +4.8% | +9.9% | +7.5% | +5.2% | +10.4% | +4.3% |
| EPS (βΉ) | 2.41 | (0.98) | 6.81 | 3.77 | 3.07 | 5.64 | 2.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 138 | 138 | 138 | 138 | 138 | 141 | 141 |
| Reserves & surplus | 601 | 595 | 620 | 504 | 463 | 494 | 427 |
| Shareholders' funds (net worth) | 739 | 734 | 759 | 643 | 601 | 635 | 569 |
| Secured loans | 429 | 297 | 68.50 | 74.65 | 21.10 | 50.00 | 76.28 |
| Unsecured loans | 15.02 | 29.35 | 14.87 | 20.82 | 25.80 | 16.56 | 0.00 |
| Total debt | 444 | 326 | 83.37 | 95.47 | 46.90 | 66.56 | 76.28 |
| Total liabilities | 1,184 | 1,060 | 842 | 739 | 649 | 703 | 646 |
| Assets | |||||||
| Gross block | 393 | 371 | 360 | 351 | 350 | 320 | 328 |
| Net block | 186 | 190 | 186 | 202 | 224 | 222 | 254 |
| Capital work in progress | 83.03 | 22.80 | 5.96 | 7.75 | 2.60 | 16.72 | 13.21 |
| Investments | 584 | 502 | 343 | 311 | 322 | 321 | 253 |
| Inventories | 344 | 397 | 423 | 356 | 258 | 175 | 177 |
| Sundry debtors | 233 | 162 | 170 | 142 | 162 | 200 | 146 |
| Cash & bank balances | 6.87 | 13.24 | 21.49 | 8.70 | 11.70 | 31.39 | 36.39 |
| Loans & advances | 25.56 | 116 | 14.31 | 22.83 | 15.29 | 42.16 | 33.82 |
| Total current assets | 609 | 688 | 629 | 530 | 447 | 448 | 393 |
| Total current liabilities | 353 | 377 | 350 | 338 | 358 | 315 | 284 |
| Net working capital | 256 | 311 | 279 | 193 | 89.42 | 133 | 109 |
| Total assets | 1,184 | 1,060 | 842 | 739 | 649 | 703 | 646 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.12 | 21.38 | 7.31 | 9.91 | 30.59 | 35.23 | 3.82 |
| Net cash from operating activities | 98.80 | (12.64) | 30.37 | (11.17) | 84.37 | 84.45 | 187 |
| Net cash from investing activities | (160) | (178) | (20.16) | (24.02) | 10.49 | (65.25) | (31.65) |
| Net cash from financing activities | 54.86 | 182 | 3.86 | 32.59 | (116) | (23.84) | (124) |
| Net change in cash | (6.38) | (8.26) | 14.07 | (2.60) | (20.68) | (4.64) | 31.41 |
| Closing cash | 6.87 | 13.24 | 21.49 | 8.70 | 11.70 | 31.39 | 36.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.6% | +20.4% | +7.0% | +9.4% | +6.3% | +5.9% | - |
| EBITDA growth | +168.4% | -92.0% | +41.4% | +11.7% | -14.4% | +36.1% | - |
| PBT growth | +9998.0% | - | +60.1% | +15.9% | -33.8% | +131.5% | -30.7% |
| Net income growth | -109.8% | -41.3% | +40.9% | +57.7% | -46.9% | +153.7% | - |
| Revenue CAGR (3Y) | +13.2% | +12.1% | +7.5% | +7.2% | +5.4% | +3.9% | +5.4% |
| EBITDA CAGR (3Y) | -32.7% | -49.8% | +10.6% | +9.2% | +9.3% | -1.1% | -10.2% |
| Profitability & leverage | |||||||
| Net income margin | +2.6% | -1.2% | +9.9% | +5.8% | +5.2% | +10.4% | +4.4% |
| Return on capital employed | +3.2% | +7.5% | +16.4% | +15.0% | +10.4% | +15.8% | +8.1% |
| Return on net worth | -0.7% | +7.4% | +13.5% | +10.8% | +6.9% | +13.2% | +5.5% |
| Debt / equity | 0.52 | 0.27 | 0.13 | 0.11 | 0.09 | 0.12 | 0.14 |
| Long-term debt / equity | 0.25 | 0.11 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 |
| Interest cover | 20,630.77 | -119.35 | 6.27 | 7.30 | 7.05 | 9.02 | 26.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.40 | 3.15 | 2.69 | 2.55 | 2.44 | 2.37 | 2.53 |
| Inventory turnover | 3.50 | 2.81 | 2.45 | 2.91 | 3.78 | 4.37 | 4.00 |
| Debtors turnover | 6.56 | 6.93 | 6.13 | 5.87 | 4.52 | 4.45 | 5.34 |
| EPS (βΉ) | 2.41 | (0.98) | 6.81 | 3.77 | 3.07 | 5.64 | 2.26 |
| Dividend per share (βΉ) | 1.00 | 1.00 | 0.75 | 2.00 | 0.75 | 1.75 | 0.95 |
| Book value per share (βΉ) | 53.41 | 52.99 | 54.80 | 46.44 | 43.44 | 44.93 | 40.24 |
Investments & Acquisitions by Keva
Keva has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CFF.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Contract manufacturer of fragrances | creative-flavours-fragrances.com | Opera, Italy | 2000 | Jan 2018 | $14.69M |
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Timeline of Keva
5 dated milestones of Keva across 99 years, from founding to its latest funding, stage changes and deals.
- Founded Keva is founded.
- Funding First funding round of $44.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires CFF.
- Funding Latest funding round, Series A, of $3.0M.
Web traffic of Keva
The website of Keva (keva.co.in) receives about 13.4K visits a month.
- Monthly visits13.4K
▲ 24.9% vs previous month
Websites whose visitors overlap most with Keva. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| huhtamaki.com | 100% | 78.8K | #467,820 | View details | |
| aethoncart.com | 65% | 680.7K | #1,364,344 | View details | |
| eurofragance.com | 62% | 13.9K | #1,630,122 | View details | |
| kevaind.org | 32% | 35.4K | #684,030 | View details | |
kffindia.com | kffindia.com | 32% | #418,986 | β |
Top companies in Chemical Preservatives & Ingredients
3 companies that operate in the same segment as Keva (Chemical Preservatives & Ingredients) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of aroma and fragrance chemicals | 1992 | Mumbai, Maharashtra, India | USD 18.56 M | USD 272.53 M | 281 | |
Manufacturer of aroma chemicals and esters | 1988 | Mumbai, Maharashtra, India | USD 12.3 M | USD 303.51 M | 509 | |
Pine chemicals, synthetic resins, and camphor products are manufactured. | 1996 | Mumbai, Maharashtra, India | USD 64.8 M | 248 |
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Frequently Asked Questions about Keva
Keva was founded in 1922 and raised its 1st funding round 90 years after it was founded.
Keva is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kedar Vaze is the CEO of Keva, as recorded in our data.
Keva is a funded company, having raised a total of $47M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $44M, raised on Sep 2012.
Keva has 898 employees.
The primary company behind Keva, S H Kelkar And Company Limited, reported revenue of βΉ2,435 Cr for FY 2026, up 12% year on year.
Keva, formerly known as S H Kelkar Company, is established as one of Indias largest fragrance companies with a global presence. Operations are focused on crafting fragrances, flavors, and aroma ingredients that cater to personal care and food industries. Solutions are developed through extensive research and development facilities across multiple countries. A commitment to sustainability and diversity is maintained, ensuring products meet local tastes and global standards. Manufacturing plants and creative centers are strategically located worldwide to support innovation and market reach.
Keva offers Fragrances, Flavours, Aroma Ingredients, and Technical Services.
Yes, Keva is publicly traded on NSE under the ticker symbol SHK.
Keva has made 1 acquisition, including CFF.
Keva has 1 investor. Key investors include Blackstone.
Keva operates through S H Kelkar And Company Limited.
