SHK

What S H Kelkar and Company promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 23 tracked 1 delivered 5 missed 17 open
  • Insurance Payout delivered, diluted said Q2 FY25 Promised: around ₹100 crore by Dec-Jan (Q3 FY25) Q1 FY27: Promise remains achieved (diluted) from a prior period. New insurance claims relate to a different incident.
  • Long-term EBITDA Margin went quiet said Q2 FY25 Promised: 20% in next 2-3 years Q1 FY27: The long-term target was not specifically discussed. Q1 FY27 EBITDA margin was 13.4%, and FY27 guidance is for 'improved margins', which is still far from the original or revised long-term goals.
  • Vashivali Factory Rebuild Completion delayed said Q2 FY25 Promised: Within 9-10 months (by ~Q2/Q3 FY26) Q1 FY27: Management mentioned that capex for the Vashivali upgradation might be deferred to Q1 FY28, suggesting the Q3 FY27 availability target is at risk of further delay.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 23 tracked commitments for S H Kelkar and Company — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens