Shree Pushkar Chemicals & Fertilisers Ltd. (SHREEPUSHK) AI Stock Analysis

• Market Cap: ₹10.61B
• Dividend Yield: 0.52%
• Average Volume (3M): 70.19K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 1.42
• Revenue Growth: 28.67%
• EPS Growth: 50.12%
• Country: IN
• Employees: 730
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 5.63
• Shares Outstanding: 32,337,692
• 10 Day Avg. Volume: 6,944
• 30 Day Avg. Volume: 70,188
• PEG Ratio: 0.26
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 1.06
• P/FCF Ratio: -90.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹357.00 ▼(-5.36% Downside)

Shree Pushkar Chemicals & Fertilisers Ltd. demonstrates strong financial performance, particularly in revenue growth and profitability, which is the most significant factor in the score. Technical analysis shows mixed signals, and valuation is reasonable but not compelling. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Sustained high revenue growth (reported ~28.7%) indicates durable demand expansion across the chemicals and fertiliser segments. Over 2–6 months this supports scale benefits, stronger distributor/customer traction, and provides a foundation for reinvestment and margin durability if managed consistently.

Margin Expansion

Material improvement in gross and operating margins signals improved cost control or a shift toward higher-value specialty products. If margin gains reflect structural product-mix and pricing power rather than one-offs, they enhance long-term profitability and competitive positioning across customer segments.

Balance Sheet Strength

A strong equity base with declining leverage and improving ROE provides financial flexibility to fund capex, withstand demand cycles, and pursue strategic initiatives. Prudent leverage management reduces refinancing risk and supports durable operational resilience over the medium term.

Negative Factors

Free Cash Flow Deficit

Persistently negative free cash flow despite improved operating cash flow points to heavy capital expenditure needs and weak cash conversion after investments. Over months this constrains capacity to reduce debt, pay dividends, or fund expansion without external financing, pressuring financial flexibility.

Modest Net Income Growth

Revenue rising faster than net income suggests limits to bottom-line scalability — potentially from higher non-operating costs, interest, taxes, or incremental operating expenses. This gap can impair sustained ROE improvement and free cash generation unless fixed-cost absorption and efficiency continue to improve.

Input Cost and Mix Sensitivity

Business exposure to raw material and energy costs and reliance on both commodity fertilisers and specialty chemicals creates structural margin volatility. Over 2–6 months, adverse input price moves or utilisation declines can materially affect profitability and working capital, requiring active hedging and mix management.

Shree Pushkar Chemicals & Fertilisers Ltd. Business Overview & Revenue Model

Company Description

Shree Pushkar Chemicals & Fertilisers Limited engages in the manufacturing and trading of chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners under the Shree Pushkar brand in India. The company offers reactive dyes under the DYECOL name; dyes intermediates, such as H acid, vinyl sulphone, sulpho para base, K acid, and gamma acid; single super phosphate, sulphate of potash, mono potassium phosphate, monoammonium phosphate, calcium nitrate, and water soluble fertilizers, as well as nitrogen, phosphorus, and potash fertilizers; and sulphuric, oleum, and chloro sulphonic acids; and cattle feed supplement. Shree Pushkar Chemicals & Fertilisers Limited also exports its products. The company was formerly known as Shree Pushkar Petro Products Limited and changed its name to Shree Pushkar Chemicals & Fertilisers Limited in March 2012. The company was incorporated in 1993 and is headquartered in Mumbai, India.

How the Company Makes Money

Shree Pushkar Chemicals & Fertilisers Ltd. generates revenue primarily through the sale of its chemical and fertilizer products. The company has established multiple revenue streams, including the production and distribution of fertilizers, which cater to the agricultural sector, and specialty chemicals, which serve industrial markets. SHREEPUSHK benefits from strong relationships with farmers and agricultural distributors, ensuring steady demand for its products. Additionally, the company may engage in partnerships with agricultural organizations and research institutions to develop innovative solutions, further enhancing its market presence and revenue potential.

Shree Pushkar Chemicals & Fertilisers Ltd. Financial Statement Overview

Summary

Shree Pushkar Chemicals & Fertilisers Ltd. shows robust financial performance with strong revenue growth, improved profitability, and stable leverage. However, challenges in cash flow management, particularly in generating positive free cash flow, remain a concern.

Income Statement

Shree Pushkar Chemicals & Fertilisers Ltd. has demonstrated strong revenue growth with a consistent upward trajectory in recent years. The gross profit margin increased significantly from 11.5% in 2024 to 36.8% in 2025, indicating improved cost management or pricing power. Net profit margin also improved from 5.1% to 7.3%, showing enhanced profitability. EBIT and EBITDA margins rose dramatically, reflecting efficient operations. The revenue growth rate between 2024 and 2025 was 11.5%, highlighting solid expansion. However, net income growth has been more modest, suggesting room for further profitability enhancement.

Balance Sheet

The balance sheet of Shree Pushkar Chemicals & Fertilisers Ltd. reflects a strong equity base with an equity ratio of 62.2% in 2025, indicating significant financial stability. The debt-to-equity ratio decreased from 0.23 in 2024 to 0.19 in 2025, demonstrating prudent leverage management. Return on equity increased from 7.8% in 2024 to 10.9% in 2025, showing improved efficiency in generating returns for shareholders. The company maintains a healthy liquidity position, which supports its operational and strategic initiatives.

Cash Flow

The cash flow position of Shree Pushkar Chemicals & Fertilisers Ltd. presents a mixed picture. Operating cash flow has improved, but free cash flow remains negative at -94.2 million in 2025, highlighting ongoing capital expenditure needs. The operating cash flow to net income ratio is 0.64, suggesting moderate cash conversion efficiency. The free cash flow to net income ratio remains negative, pointing to challenges in generating cash from operations after capital investments. Despite these challenges, the company has shown resilience in managing its cash flows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.67B	8.06B	7.23B	6.81B	5.81B	3.52B
Gross Profit	3.14B	2.97B	830.18M	1.56B	1.58B	641.39M
EBITDA	1.04B	838.95M	714.20M	763.07M	860.71M	499.53M
Net Income	667.33M	586.17M	370.62M	372.33M	555.47M	285.37M
Balance Sheet
Total Assets	0.00	8.67B	7.10B	6.57B	6.24B	4.86B
Cash, Cash Equivalents and Short-Term Investments	1.10B	1.10B	1.09B	935.06M	840.07M	28.32M
Total Debt	0.00	1.03B	1.08B	699.25M	944.93M	579.08M
Total Liabilities	-5.39B	3.28B	2.36B	2.19B	2.29B	1.47B
Stockholders Equity	5.39B	5.39B	4.74B	4.38B	3.96B	3.39B
Cash Flow
Free Cash Flow	0.00	-94.22M	-304.31M	240.49M	-161.68M	83.77M
Operating Cash Flow	0.00	375.04M	161.63M	503.99M	422.15M	411.94M
Investing Cash Flow	0.00	-347.83M	-575.59M	-380.18M	-629.52M	-327.52M
Financing Cash Flow	0.00	-4.12M	381.75M	-217.76M	311.53M	-67.13M

Shree Pushkar Chemicals & Fertilisers Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 377.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHREEPUSHK, the sentiment is Neutral. The current price of 377.2 is above the 20-day moving average (MA) of 336.15, above the 50-day MA of 367.30, and above the 200-day MA of 352.76, indicating a neutral trend. The MACD of -11.25 indicates Negative momentum. The RSI at 45.79 is Neutral, neither overbought nor oversold. The STOCH value of 43.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SHREEPUSHK.

Shree Pushkar Chemicals & Fertilisers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZUARI	74 Outperform	₹11.66B	1.17	―	―	23.32%	447.31%
SHREEPUSHK	68 Neutral	₹10.61B	14.81	―	0.52%	28.67%	50.12%
PUNJABCHEM	64 Neutral	₹14.91B	24.83	―	0.24%	10.70%	32.65%
KHAICHEM	62 Neutral	₹6.29B	8.58	―	―	67.43%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
INDORAMA	50 Neutral	₹11.29B	7.62	―	―	30.79%	―

Shree Pushkar Chemicals & Fertilisers Ltd. Corporate Events

Shree Pushkar Chemicals Files SEBI Compliance Certificate; No Demat Requests in Q3 FY26

Shree Pushkar Chemicals & Fertilisers Ltd. has submitted to the stock exchanges the required certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, as part of its ongoing compliance obligations. According to the confirmation from its registrar and share transfer agent, Bigshare Services Pvt. Ltd., the company did not receive any dematerialisation requests for its equity shares during the quarter, indicating stability in its shareholding pattern and reaffirming adherence to regulatory norms for depository and participant operations.

Shree Pushkar Chemicals Plans Share Capital Increase at Upcoming EGM

Shree Pushkar Chemicals & Fertilisers Ltd. has announced an Extraordinary General Meeting (EGM) scheduled for December 10, 2025, to discuss increasing the company’s authorized share capital from Rs. 32.5 crore to Rs. 33.5 crore. This move, which involves amending the Memorandum of Association, is aimed at enhancing the company’s financial flexibility and supporting its growth objectives. The EGM will be conducted via video conferencing, allowing shareholders to participate remotely and vote on the proposed changes.