{"id":307085,"date":"2026-10-14T10:39:12","date_gmt":"2026-10-14T05:09:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=307085"},"modified":"2026-10-14T10:39:12","modified_gmt":"2026-10-14T05:09:12","slug":"gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/","title":{"rendered":"Gem Aromatics vs SH Kelkar vs Vidhi Specialty: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Gem Aromatics PE NA, mkt cap Rs 780 crore. SH Kelkar and Company PE 21.38, mkt cap Rs 1,903 crore. Vidhi Specialty Food Ingredients PE 30.96, mkt cap Rs 1,648 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients is a side-by-side comparison of three companies from the flavours, fragrances and food ingredients space. On this comparison, Gem Aromatics carries a market capitalisation of about Rs 780 crore, against Rs 1,903 crore for SH Kelkar and Company and Rs 1,648 crore for Vidhi Specialty Food Ingredients, with return on equity of 0.32%, 3.60% and 14.93% respectively. Each company&#8217;s numbers are presented here without a declared preference, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients starts with the core numbers most investors compare within the flavours, fragrances and food ingredients segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the flavours, fragrances and food ingredients bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients_Company_Overview\" title=\"Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients: Company Overview\">Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Valuation_and_Profitability_Snapshot\" title=\"Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Valuation and Profitability Snapshot\">Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Latest_Quarterly_Results\" title=\"Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Latest Quarterly Results\">Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Five-Quarter_Revenue_and_Net_Profit_Trend\" title=\"Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Five-Quarter Revenue and Net Profit Trend\">Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Five-Quarter Revenue and Net Profit Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#FAQs_on_Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients\" title=\"FAQs on Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients\">FAQs on Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#What_is_the_market_cap_difference_between_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\" title=\"What is the market cap difference between Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\">What is the market cap difference between Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#What_are_the_PE_and_PB_ratios_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\" title=\"What are the PE and PB ratios of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\">What are the PE and PB ratios of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#What_is_the_debt_to_equity_ratio_for_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\" title=\"What is the debt to equity ratio for Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\">What is the debt to equity ratio for Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#What_were_the_latest_quarterly_revenue_and_net_profit_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\" title=\"What were the latest quarterly revenue and net profit of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\">What were the latest quarterly revenue and net profit of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/gem-aromatics-vs-sh-kelkar-vs-vidhi-specialty\/#Does_this_comparison_recommend_one_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\" title=\"Does this comparison recommend one of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\">Does this comparison recommend one of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients_Company_Overview\"><\/span><strong>Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Gem Aromatics<\/strong> is a listed Indian company in the flavours, fragrances and food ingredients space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 780 crore, a return on equity of 0.32% and a book value of Rs 86.13 per share. Its quarterly revenue moved from Rs 88.90 crore in June 2025 to Rs 99.01 crore in June 2026, a change of +11.4%.<\/p>\n<p><strong>SH Kelkar and Company<\/strong> is a listed Indian company in the flavours, fragrances and food ingredients space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,903 crore, a return on equity of 3.60% and a book value of Rs 98.39 per share. Its quarterly revenue moved from Rs 581.31 crore in June 2025 to Rs 663.23 crore in June 2026, a change of +14.1%.<\/p>\n<p><strong>Vidhi Specialty Food Ingredients<\/strong> is a listed Indian company in the flavours, fragrances and food ingredients space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,648 crore, a return on equity of 14.93% and a book value of Rs 65.64 per share. Its quarterly revenue moved from Rs 88.39 crore in June 2025 to Rs 146.48 crore in June 2026, a change of +65.7%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Valuation_and_Profitability_Snapshot\"><\/span><strong>Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/gemaroma\/gem-aromatics-ltd-share-price-today\">Gem Aromatics<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/shk\/sh-kelkar-and-company-ltd-share-price-today\">SH Kelkar and Company<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/vidhiing\/vidhi-specialty-food-ingredients-ltd-share-price-today\">Vidhi Specialty Food Ingredients<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 780 crore<\/td>\n<td>Rs 1,903 crore<\/td>\n<td>Rs 1,648 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>NA<\/td>\n<td>21.38<\/td>\n<td>30.96<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>1.73<\/td>\n<td>1.40<\/td>\n<td>5.03<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>0.32%<\/td>\n<td>3.60%<\/td>\n<td>14.93%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>-2.76<\/td>\n<td>6.43<\/td>\n<td>10.66<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<td>0.73%<\/td>\n<td>0.91%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.34<\/td>\n<td>0.76<\/td>\n<td>0.18<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>86.13<\/td>\n<td>98.39<\/td>\n<td>65.64<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, Gem Aromatics trades at a PE of NA and a PB of 1.73, SH Kelkar and Company at a PE of 21.38 and a PB of 1.40, while Vidhi Specialty Food Ingredients trades at a PE of 30.96 and a PB of 5.03. On return on equity, the three post 0.32%, 3.60% and 14.93% respectively, and on dividend yield they stand at 0.00%, 0.73% and 0.91%. SH Kelkar and Company has the highest market capitalisation of the three at Rs 1,903 crore, while Gem Aromatics has the lowest at Rs 780 crore. Vidhi Specialty Food Ingredients has the highest PE ratio of the three at 30.96, while SH Kelkar and Company has the lowest at 21.38. Vidhi Specialty Food Ingredients has the highest return on equity of the three at 14.93%, while Gem Aromatics has the lowest at 0.32%. SH Kelkar and Company has the highest debt to equity ratio of the three at 0.76, while Vidhi Specialty Food Ingredients has the lowest at 0.18. Debt to equity is 0.34, 0.76 and 0.18 for the three respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Latest_Quarterly_Results\"><\/span><strong>Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<th>YoY Change (Net Profit)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gem Aromatics<\/td>\n<td>Rs 99.01 crore<\/td>\n<td>-Rs 7.87 crore<\/td>\n<td>+11.4%<\/td>\n<td>-10.6%<\/td>\n<td>-198.6%<\/td>\n<\/tr>\n<tr>\n<td>SH Kelkar and Company<\/td>\n<td>Rs 663.23 crore<\/td>\n<td>Rs 45.43 crore<\/td>\n<td>+14.1%<\/td>\n<td>+1.0%<\/td>\n<td>+77.8%<\/td>\n<\/tr>\n<tr>\n<td>Vidhi Specialty Food Ingredients<\/td>\n<td>Rs 146.48 crore<\/td>\n<td>Rs 17.12 crore<\/td>\n<td>+65.7%<\/td>\n<td>+19.0%<\/td>\n<td>+34.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients_Five-Quarter_Revenue_and_Net_Profit_Trend\"><\/span><strong>Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients: Five-Quarter Revenue and Net Profit Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients, which helps separate a one-quarter move from a steadier pattern.<\/p>\n<p><strong>Quarterly revenue (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Gem Aromatics<\/th>\n<th>SH Kelkar and Company<\/th>\n<th>Vidhi Specialty Food Ingredients<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 88.90 crore<\/td>\n<td>Rs 581.31 crore<\/td>\n<td>Rs 88.39 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>Rs 90.51 crore<\/td>\n<td>Rs 554.21 crore<\/td>\n<td>Rs 75.67 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>Rs 77.24 crore<\/td>\n<td>Rs 584.92 crore<\/td>\n<td>Rs 94.68 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>Rs 110.71 crore<\/td>\n<td>Rs 656.85 crore<\/td>\n<td>Rs 123.06 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>Rs 99.01 crore<\/td>\n<td>Rs 663.23 crore<\/td>\n<td>Rs 146.48 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Quarterly net profit (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Gem Aromatics<\/th>\n<th>SH Kelkar and Company<\/th>\n<th>Vidhi Specialty Food Ingredients<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 7.98 crore<\/td>\n<td>Rs 25.55 crore<\/td>\n<td>Rs 12.70 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>-Rs 2.58 crore<\/td>\n<td>Rs 9.17 crore<\/td>\n<td>Rs 10.56 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>-Rs 4.99 crore<\/td>\n<td>Rs 32.63 crore<\/td>\n<td>Rs 12.42 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>Rs 1.01 crore<\/td>\n<td>Rs 1.80 crore<\/td>\n<td>Rs 13.15 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>-Rs 7.87 crore<\/td>\n<td>Rs 45.43 crore<\/td>\n<td>Rs 17.12 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Gem Aromatics reported revenue of Rs 88.90 crore in June 2025 and Rs 99.01 crore in June 2026, a change of +11.4% across the period. Its highest quarterly revenue in this window was Rs 110.71 crore in March 2026. Net profit stood at -Rs 7.87 crore in June 2026, which is a net profit margin of -7.95% (a net loss for the quarter). Gem Aromatics reported a net loss in September 2025, December 2025 and June 2026.<\/p>\n<p>SH Kelkar and Company reported revenue of Rs 581.31 crore in June 2025 and Rs 663.23 crore in June 2026, a change of +14.1% across the period. Its highest quarterly revenue in this window was Rs 663.23 crore in June 2026. Net profit stood at Rs 45.43 crore in June 2026, which is a net profit margin of 6.85%.<\/p>\n<p>Vidhi Specialty Food Ingredients reported revenue of Rs 88.39 crore in June 2025 and Rs 146.48 crore in June 2026, a change of +65.7% across the period. Its highest quarterly revenue in this window was Rs 146.48 crore in June 2026. Net profit stood at Rs 17.12 crore in June 2026, which is a net profit margin of 11.69%.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three flavours, fragrances and food ingredients names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as raw material prices, customer concentration, export demand and product mix. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.<\/p>\n<p>It also helps to read the latest quarterly filings and investor presentations of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients highlights how differently three companies in the same flavours, fragrances and food ingredients segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Gem_Aromatics_vs_SH_Kelkar_and_Company_vs_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>FAQs on Gem Aromatics vs SH Kelkar and Company vs Vidhi Specialty Food Ingredients<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>What is the market cap difference between Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, Gem Aromatics has a market cap of approximately Rs 780 crore, SH Kelkar and Company is at approximately Rs 1,903 crore, and Vidhi Specialty Food Ingredients is at approximately Rs 1,648 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_PE_and_PB_ratios_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>What are the PE and PB ratios of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, the PE ratios stand at NA, 21.38 and 30.96 respectively, and the price to book ratios stand at 1.73, 1.40 and 5.03 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients post ROE of 0.32%, 3.60% and 14.93% respectively as of October 2026. Vidhi Specialty Food Ingredients has the highest return on equity of the three at 14.93%, while Gem Aromatics has the lowest at 0.32%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients carry dividend yields of 0.00%, 0.73% and 0.91% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>What is the debt to equity ratio for Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gem Aromatics carries a debt to equity of 0.34, SH Kelkar and Company of 0.76, and Vidhi Specialty Food Ingredients of 0.18.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_latest_quarterly_revenue_and_net_profit_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>What were the latest quarterly revenue and net profit of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For Q1 FY27 (quarter ended June 2026), Gem Aromatics reported revenue of Rs 99.01 crore and net profit of -Rs 7.87 crore, SH Kelkar and Company reported revenue of Rs 663.23 crore and net profit of Rs 45.43 crore, and Vidhi Specialty Food Ingredients reported revenue of Rs 146.48 crore and net profit of Rs 17.12 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_this_comparison_recommend_one_of_Gem_Aromatics_SH_Kelkar_and_Company_and_Vidhi_Specialty_Food_Ingredients\"><\/span><strong>Does this comparison recommend one of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, Gem Aromatics has a market cap of approximately Rs 780 crore, SH Kelkar and Company is at approximately Rs 1,903 crore, and Vidhi Specialty Food Ingredients is at approximately Rs 1,648 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the PE and PB ratios of Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, the PE ratios stand at NA, 21.38 and 30.96 respectively, and the price to book ratios stand at 1.73, 1.40 and 5.03 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gem Aromatics, SH Kelkar and Company and Vidhi Specialty Food Ingredients post ROE of 0.32%, 3.60% and 14.93% respectively as of October 2026. 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