Shree Pushkar Chemicals & Fertilisers Ltd.

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shreepushkar.comBSE: 539334NSE: SHREEPUSHK

Market Cap₹ 1,623 Cr.

Current Price

High / Low₹ 545 / 272

Stock P/E22.5

Book Value₹ 196

Price to Book1.60

Dividend Yield0.42 %

ROCE11.8 %

ROE11.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.4% CAGR over last 5 years
Company comfortably covers its interest (31.5x coverage)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

Company has a low return on capital employed of 10.9%
Company has a low return on equity of 9.6% over last 3 years
Operating margins have contracted to 10.4% from 14.9%
Inventory has been piling up - inventory days up from 37 to 51
Though reporting repeated profits, the company pays out little dividend (11.0%)
Growth is decelerating - 3Y profit CAGR (1.8%) trails the 5Y trend (10.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsDyes & Pigments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUDARSCHEM	1261.75	138.75	10045.59	0.40	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	550.35	0.61	3586.52	0.00	290.70	186.82	312.36	54.54	110.39	11.71
3.	BODALCHEM	175.00	32.09	2204.02	0.00	30.38	218.67	709.04	56.11	5.06	9.72
4.	VIDHIING	349.05	32.74	1743.33	0.86	17.12	34.74	146.28	66.42	18.83	17.78
5.	SHREEPUSHK	501.95	22.52	1623.19	0.42	22.93	9.40	280.07	10.04	11.81	11.40
6.	ULTRAMAR	427.40	13.54	1248.01	1.40	31.59	56.46	239.96	30.14	11.10	18.95
7.	SUDARCOLOR	380.05	2.88	877.22	0.00	20.36	19.13	222.39	5.54	11.00	11.51
8.	PODDARMENT	295.90	20.60	313.95	1.35	46.47	1015.73	901.30	887.64	5.83	5.95
9.	DYNPRO	235.20	14.38	292.32	0.64	5.19	7.92	86.43	-6.99	11.27	14.60
10.	HPIL	121.00	89.02	138.23	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
11.	ISHANCH	44.45	0.00	121.37	0.00	0.15	-48.33	41.48	154.63	4.08	8.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	176	185	175	191	194	176	217	219	255	255	249	218	280
	162	171	161	172	177	157	195	195	225	229	227	196	257
Operating Profit	14	14	14	19	18	19	22	25	29	26	22	22	23
OPM %	7.99%	7.54%	7.99%	9.82%	9.10%	10.86%	10.34%	11.26%	11.44%	10.29%	8.86%	10.14%	8.20%
	2	3	3	3	3	3	2	2	4	3	5	2	5
Interest	0	0	1	0	0	0	1	1	1	2	1	1	3
Depreciation	5	5	5	5	6	6	6	6	6	6	6	6	6
Profit before Tax	10	11	11	16	15	16	18	20	26	22	20	17	28
Tax %	21.26%	24.22%	31.79%	17.52%	14.91%	16.38%	13.20%	18.80%	18.82%	16.82%	9.42%	26.20%	17.60%
Net Profit	0	0	0	0	13	13	16	17	21	18	18	13	23
	2.49	2.68	2.41	4.14	4.06	4.14	4.93	5.12	6.48	5.63	5.59	3.98	7.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	306	395	452	346	355	584	684	726	806	1,002
	254	334	385	297	312	505	616	666	722	909
Operating Profit	52	61	67	49	43	79	68	61	84	93
OPM %	16.95%	15.45%	14.79%	14.24%	12.18%	13.61%	10.00%	8.34%	10.41%	9.32%
	2	2	3	4	7	7	8	11	11	15
Interest	3	3	4	2	1	2	2	2	2	6
Depreciation	5	8	10	11	13	14	19	22	23	24
Profit before Tax	46	52	56	40	36	71	56	48	70	87
Tax %	34.30%	30.01%	26.85%	10.70%	20.41%	21.50%	33.01%	23.17%	15.94%	17.25%
Net Profit	30	37	41	36	29	56	37	37	59	72
EPS	0.00	0.00	0.00	0.00	9.25	17.68	11.77	11.72	18.13	—
Dividend Payout %	15.00%	0.00%	11.28%	4.32%	10.81%	11.10%	12.74%	12.80%	11.03%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 18%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 10%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 16%
3 Years:: 32%
1 Year:: 46%

RETURN ON EQUITY

10 Years:: —
5 Years:: 11%
3 Years:: 10%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	30	30	31	31	31	31	32	32	32
	163	194	245	275	308	361	406	438	507
	15	65	47	52	60	96	69	109	103
Trade Payables	22	50	45	53	50	85	96	74	157
	30	52	58	32	41	64	61	62	78
Total Liabilities	260	391	426	444	489	637	664	715	877
	123	166	172	164	175	195	313	295	308
Capital Work in Progress	0	3	10	52	81	110	0	42	54
	0	0	0	59	65	77	95	118	94
	32	82	62	62	55	92	83	63	160
	0	0	0	0	0	0	0	159	174
Cash & Bank	22	19	40	1	3	13	5	1	25
	82	119	141	106	110	150	168	37	61
Total Assets	260	391	426	444	489	637	664	715	877

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	26	6	69	86	46	53	62	16	38
Cash from Investing	-12	-50	-40	-61	-33	-63	-38	-58	-35
Cash from Financing	-5	55	-15	-14	-7	31	-22	38	-0
	0	-0	0	0	2	10	-9	-3	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.60	69.36	69.36	69.36	69.36	69.36	69.36	69.36	69.36
	1.59	1.62	0.41	0.86	0.42	1.47	0.59	0.42	0.50
	0.01	0.00	0.00	0.00	0.00	0.00	0.38	0.29	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.80	29.02	30.23	29.78	30.22	29.17	29.67	29.92	30.13

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Commencement of commercial production/operations

2026-09-10 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Commencement of commercial production/operations

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Updates

2026-09-04 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-09-04

Updates

2026-09-04 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange regarding 'Letter To Those Members Whose E-Mail Addresses Are Not Registered For The Annual Report Of The Financial Year 2025-26'.

2026-09-04

Shareholders meeting

2026-09-04 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Transcript

2026-08-17

Commencement of commercial production/operations

2026-08-17 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Commencement of commercial production/operations

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Shree Pushkar Chemicals & Fertilisers Limited has informed the Exchange about Copy of Newspaper Publication