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

• Market Cap: ₹9.66B
• Dividend Yield: 0.52%
• Average Volume (3M): 70.19K
• Price to Earnings (P/E): 17.7
• Beta (1Y): 1.27
• Revenue Growth: 28.67%
• EPS Growth: 50.12%
• Country: IN
• Employees: 730
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 5.59
• 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: ₹326.00 ▼(-13.57% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

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

Sustained Revenue Growth

A high multi-year revenue growth rate signals structural demand across chemicals and fertilizers. Durable top-line expansion supports scale economies, strengthens customer relationships and distributor reach, and underpins reinvestment capacity over the next 2–6 months and beyond.

Margin Improvement

Material improvement in gross and operating margins points to better cost management or higher-value mix in specialty chemicals. Sustained margin expansion enhances cash generation potential, buffers commodity cycles and increases return on invested capital over the medium term.

Healthy Balance Sheet

A strong equity base with declining leverage and rising ROE gives financial flexibility to fund capex, absorb shocks, and pursue growth without heavy refinancing. This structural stability reduces bankruptcy risk and supports strategic investments over coming quarters.

Negative Factors

Negative Free Cash Flow

Persistently negative free cash flow driven by ongoing capex means earnings are not yet translating into distributable cash. Over 2–6 months this constrains the company's ability to self-fund expansion, pay dividends, or shore up liquidity without external funding.

Cash Conversion Weakness

Moderate cash conversion indicates earnings are partially tied up in working capital or non-cash items. This structural inefficiency raises the risk that profit volatility or input-cost shocks will pressure liquidity and operational flexibility in the medium term.

Modest Bottom-line Growth

While revenues climbed, net income growth lagged, implying sensitivity of profitability to costs or mix. Structurally, this limits retained earnings accumulation and constrains balance-sheet strengthening if margins revert or input costs rise over the next several quarters.

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

The company makes money primarily by manufacturing and selling products across two main operating areas: (1) Dyes, dye intermediates, and specialty chemicals, and (2) Fertilisers. In the chemicals segment, revenue is generated from the sale of finished dyes and dye intermediates/specialty chemicals to industrial customers (typically through direct sales and/or distributor channels), with pricing and volumes driven by demand from end-use industries that consume colorants and chemical intermediates. In the fertiliser segment, revenue is generated from the sale of fertiliser products (including single super phosphate) to the agricultural market, generally via a network of dealers/distributors and other trade channels. The company’s earnings are influenced by product mix (higher-value specialty chemicals vs. commoditised products), capacity utilisation, and input cost management (raw materials and energy), as well as working-capital efficiency and market conditions in both industrial chemicals and agri-inputs. Specific information on material customer partnerships, contract structures, or segment-wise revenue contributions is null.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.46B	8.06B	7.23B	6.81B	5.81B	3.52B
Gross Profit	3.12B	2.97B	830.18M	1.56B	1.58B	641.39M
EBITDA	1.11B	838.95M	714.20M	763.07M	860.71M	499.53M
Net Income	716.20M	586.17M	370.62M	372.33M	555.47M	285.37M
Balance Sheet
Total Assets	9.00B	8.67B	7.10B	6.57B	6.24B	4.86B
Cash, Cash Equivalents and Short-Term Investments	1.60B	1.10B	1.09B	935.06M	840.07M	28.32M
Total Debt	1.54B	1.03B	1.08B	699.25M	944.93M	579.08M
Total Liabilities	3.22B	3.28B	2.36B	2.19B	2.29B	1.47B
Stockholders Equity	5.78B	5.39B	4.74B	4.38B	3.96B	3.39B
Cash Flow
Free Cash Flow	-42.28M	-94.22M	-304.31M	240.49M	-161.68M	83.77M
Operating Cash Flow	306.08M	375.04M	161.63M	503.99M	422.15M	411.94M
Investing Cash Flow	-751.49M	-347.83M	-575.59M	-380.18M	-629.52M	-327.52M
Financing Cash Flow	484.58M	-4.12M	381.75M	-217.76M	311.53M	-67.13M

Shree Pushkar Chemicals & Fertilisers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• 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 Negative. The current price of 377.2 is above the 20-day moving average (MA) of 310.18, above the 50-day MA of 328.28, and above the 200-day MA of 362.40, indicating a bearish trend. The MACD of -8.89 indicates Negative momentum. The RSI at 40.35 is Neutral, neither overbought nor oversold. The STOCH value of 59.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
SHREEPUSHK	68 Neutral	₹9.66B	17.66	―	0.52%	28.67%	50.12%
PUNJABCHEM	64 Neutral	₹12.63B	26.88	―	0.24%	10.70%	32.65%
KHAICHEM	62 Neutral	₹4.74B	9.32	―	―	67.43%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ZUARI	57 Neutral	₹8.30B	8.74	―	―	23.32%	447.31%
INDORAMA	52 Neutral	₹8.19B	36.11	―	―	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.