SHREEPUSHK

Shree Pushkar Chemicals & Fertilisers share price & financials

Price
₹396
Market cap
₹1.2k Cr
Sector
Chemicals
Calls analysed
6
Latest concall · Q1 FY27 · call held 13 Aug 2026

Shree Pushkar Chemicals & Fertilisers Limited Q1 FY27

Revenue from Operations ₹281.1 cr +10%EBITDA ₹31.9 cr +10%EBITDA Margin 11.4% Profit After Tax ₹22.9 cr +9%

What went well

  • Revenue from operations grew by 10% year-on-year to Rs. 281.1 crores, despite challenges.
  • EBITDA increased by 9.7% year-on-year to Rs. 31.9 crores, with a margin of 11.4%.
  • Profit after tax grew by 9.4% to Rs. 22.9 crores, with a margin of 8.2%.

What to watch

  • Overall sales volume across both businesses were lower during the quarter.
  • Fertilizer business sales volume declined from 76,288 metric tons in Q1 FY26 to 66,527 metric tons in Q1 FY27.
Read the full call →

What Shree Pushkar Chemicals & Fertilisers Limited does

Shree Pushkar Chemicals & Fertilisers runs an interlinked, zero-waste manufacturing model anchored by an Acid Complex, where by-products from sulphuric acid, oleum and chloro sulphonic acid production feed into its Chemicals and Fertilisers divisions. The Chemicals division makes dye intermediates (K-Acid, H-Acid, Vinyl Sulphone, R-Salt, Meta Ureido Aniline) and specialty reactive dyestuff used for dyeing cellulosic fibers such as cotton, flax and wool, sold to synthetic-dye manufacturers and textile dyers. The Fertilisers division produces Single Super Phosphate (SSP), Sulphate of Potash, NPK complex fertilisers and soil conditioners, sold to farmers through a nationwide distributor network, and also makes animal health and nutrition feed supplements. The company also operates a captive solar power setup and a waste-heat-recovery power plant supporting its manufacturing sites.

Segments

  • Chemicals
  • Fertilisers
Total installed manufacturing capacity
7,17,660 MTPA
Manufacturing facilities
9 units across Maharashtra, Madhya Pradesh and Haryana (Ratnagiri, Deewanganj, Meghnagar, Hisar)
Fertilisers division capacity
5,90,200 MTPA
Dye intermediates & dyestuff capacity
1,27,460 MTPA
Distribution network
800+ distributors and 14 offices across India
Installed solar power capacity
10.6 MW DC across plants in Maharashtra and Haryana
Founded 1993Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 13 tracked 1 delivered 2 missed 10 open
  • FY27 Tax Rate went quiet said Q4 FY26 Promised: 22% to 25% Q1 FY27: Not mentioned this quarter.
  • Unit-5 Commercial Production delayed said Q4 FY25 Promised: Operational efficiency in the last six months of FY26 Q1 FY27: I expect that in the next month or month and a half, we should go on trials.
  • FY26 Revenue delivered said Q4 FY25 Promised: ₹950 crores to ₹1,000 crores Q4 FY26: Achieved FY26 revenue of ₹976.6 crores, which is within the original guidance of ₹950-1,000 crores.

All 13 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 9.8%, net profit up 9.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue176 217 219 255 255 +45%249 +15%218 −0%280 +10%
EBITDA19 22 25 29 26 +37%22 +0%22 −12%32 +10%
Net profit13 16 17 21 18 +38%18 +13%13 −24%23 +10%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +44.4% 1Y

₹300₹350₹400₹450₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 19 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹337.25 on 10 Sept 2025 → ₹486.9. High ₹514.9 (7 Sept 2026), low ₹275.7 (23 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−7.7%
13 Aug
Q4 FY26
−4.1%
19 May
Q3 FY26
+0.4%
12 Feb
Q2 FY26
+3.0%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 12.6% a year over 3 years, FY23 to FY26. Operating margin held at 10.1%.

Year endingFY23FY24FY25FY26
Revenue₹684 Cr₹727 Cr₹806 Cr₹977 Cr
Operating profit₹68 Cr₹61 Cr₹84 Cr₹99 Cr
Operating margin9.9%8.4%10.4%10.1%
Interest₹2 Cr₹1 Cr₹2 Cr₹5 Cr
Depreciation₹19 Cr₹20 Cr₹24 Cr₹24 Cr
Net profit₹37 Cr₹37 Cr₹59 Cr₹70 Cr
Net margin5.4%5.1%7.3%7.2%
Cash from operations₹50 Cr₹16 Cr₹38 Cr₹102 Cr
Free cash flow₹24 Cr₹-30 Cr₹-9 Cr₹-14 Cr
ROCE12.0%9.0%12.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹31 Cr₹31 Cr₹32 Cr₹32 Cr₹32 Cr₹32 Cr
Reserves₹308 Cr₹365 Cr₹406 Cr₹442 Cr₹546 Cr₹578 Cr
Borrowings₹58 Cr₹94 Cr₹70 Cr₹108 Cr₹153 Cr₹130 Cr
Other liabilities₹89 Cr₹134 Cr₹149 Cr₹128 Cr₹169 Cr₹231 Cr
Total liabilities₹486 Cr₹624 Cr₹657 Cr₹710 Cr₹900 Cr₹970 Cr
Fixed assets₹175 Cr₹195 Cr₹313 Cr₹295 Cr₹296 Cr₹305 Cr
Capital work in progress₹81 Cr₹110 Cr₹0 Cr₹42 Cr₹89 Cr₹149 Cr
Investments₹65 Cr₹77 Cr₹95 Cr₹118 Cr₹153 Cr₹141 Cr
Other assets₹165 Cr₹243 Cr₹249 Cr₹254 Cr₹362 Cr₹375 Cr
Total assets₹486 Cr₹624 Cr₹657 Cr₹710 Cr₹900 Cr₹970 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025.

Promoters
69.4%
FIIs
0.5%
Public
30.1%

Since Jun 2025

  • Public −0.09 pp
  • FIIs +0.08 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window the public went from 29.0% to 30.1% — +1.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.6%, FIIs 1.4%, DIIs 1.0%, Public 29.0%.Dec '23: Promoters 68.6%, FIIs 1.4%, DIIs 0.8%, Public 29.3%.Mar '24: Promoters 68.6%, FIIs 1.4%, Public 30.0%.Jun '24: Promoters 68.6%, FIIs 1.6%, DIIs 0.0%, Public 29.8%.Sep '24: Promoters 69.4%, FIIs 1.6%, Public 29.0%.Dec '24: Promoters 69.4%, FIIs 0.4%, Public 30.2%.Mar '25: Promoters 69.4%, FIIs 0.9%, Public 29.8%.Jun '25: Promoters 69.4%, FIIs 0.4%, Public 30.2%.Sep '25: Promoters 69.4%, FIIs 1.5%, Public 29.2%.Dec '25: Promoters 69.4%, FIIs 0.6%, DIIs 0.4%, Public 29.7%.Mar '26: Promoters 69.4%, FIIs 0.4%, DIIs 0.3%, Public 29.9%.Jun '26: Promoters 69.4%, FIIs 0.5%, Public 30.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Shree Pushkar Chemicals & Fertilisers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bhanu Gopi Makharia 55.34%unchanged
Punit Gopikishan Makharia 5.00%unchanged
Gautam Gopikishan Makharia 5.00%unchanged
Agrima Makharia 1.42%unchanged
Maple Leaf Trading And Services Limited 1.32%unchanged
Raghav Makharia 0.79%unchanged
Radhika Punit Makharia 0.64%unchanged
Ranjana Punit Makharia 0.50%unchanged
Aradhana Makharia 0.50%unchanged
Gopi Krishan Makharia 0.17%unchanged
Shivangi Kailash Agrawal 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹487, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~23%. At that growth it is worth ₹699 — upside of 44%.

Growth the price implies
15.6% a year
for 7 years, fading to 4%
It has actually compounded at
23.7% a year
net profit, FY23–FY26 · EPS 22.6%
The gap
-0.1 pp
44% downside if it only repeats history
Price today ₹486.9 Value at the reference growth ₹698.75

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Shree Pushkar Chemicals & Fertilisers Limited

Guides on how to read this kind of business and the numbers that matter.