Shree Pushkar Chemicals & Fertilisers Ltd.
Snapshot View

171.40 -1.20 ▼-0.7%

02 August 2021, 04:00:00 P.M.
Volume: 6,119

Overview View Details

Sector Chemicals Compare with Sector peers
Industry Dyes & Pigments Compare with Industry peers
Website http://www.shreepushkar.com
Financial Indicators
Market Cap 530.08 Cr.
Earnings per share (EPS) 9.25 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 18.58 Trailing Twelve Months Ending 2021-03
Industry PE 21.52 Trailing Twelve Months Ending 2021-03
Book Value / Share 109.93 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.56 Calculated using Price: 171.90
Dividend Yield 0.29 Period Ending 2020-03
No. of Shares Subscribed 3.08 Cr. 30,836,407 Shares
FaceValue 10
Company Profile

Shree Pushkar Chemicals and Fertilisers is an ISO 9001: 2008 certified company, promoted by first generation entrepreneurs, Punit Makharia and Gautam Makharia. It commenced its business operations in the year 1993 with a trading business and has emerged to become one of the few manufacturers with widest range of dye intermediates in India with zero waste. It has state of art integrated manufacturing facilities located at Lote Parshuram, Maharashtra. Over the years, the integration (backward and forward) has helped it diversify into wide range of products in such a way that many of the intermediate products are used to manufacture other value added products leading to efficiencies in the cost of production and low dependence on raw materials from external sources.

Its products are marketed and sold in the states of Maharashtra, Gujarat and Karnataka in India. The company is also a recognised Export House by Government of India. Its products are exported to one of the world’s leading dye manufacturers’ viz., Huntsman Corporation, headquartered in USA as also to Archroma Management LLC, a global color and speciality chemical company headquartered in Swizterland. Besides these, it also exports to countries namely, Brazil, Thailand, Pakistan and Mexico.

The company has also entered into the marketing arrangement with DCM Shriram, Delhi, for Single Super Phosphate (SSP) within the state of Maharashtra and Karnataka. It distributes its product along with its own products in the regions of Maharashtra and Karnataka. Its product is sold under the brand name “SHRIRAM SUPER”. DCM Shriram is amongst India’s leading companies having presence in Agri-Rural business like urea & SSP, sugar and farm inputs and Chlor-Vinyl business such as caustic soda, chlorine, calcium carbide, PVC resins among others manufacturing. It has during January 2012 launched its own soil conditioner brand “Dharti Ratna” which is being marketed in Western Maharashtra. In addition, the company has also entered into marketing arrangement with Shivam Chemicals, Mumbai, (SCPL) for marketing of Di Calcium Phosphate (DCP) in the state of Karnataka. SCPL is a marketing agent in the state of Karnataka for Di Calcium Phosphate beside other products like Quick Lime, Hydrated Lime. It has a well established marketing network with agents all over India.

Business area of the company

The company is amongst India’s large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles. It manufactures products in 4 major verticals viz., Dye Intermediates, Acid Complex (comprising sulphuric and its derivative acids), Cattle Feed Supplement and Fertilizers (Single Super Phosphate & Soil Conditioner). It markets, sells and distributes its wide range of products to its diverse customers based in India and abroad. Over the years it has established its sales network both in domestic and international markets. It works on two-way marketing strategy, one being direct approach to its customers and the other through selling agents/ dealers.

Key Events and Milestones

  • 1993: Incorporated as “Shree Pushkar Petro Products Limited” on March 29, 1993
  • 1996: Commenced trading in / imports of related chemical products and dye intermidiates
  • 2001: Commenced manufacturing of Gamma Acid at B-103, MIDC Industrial Area Lote Parshuram.
  • 2002: Commenced manufacturing of Amido-G
  • 2003: Commenced manufacturing of G-Salt
  • 2004: Commenced manufacturing of K-Acid and Vinyl Sulphone Ester
  • 2006: Commenced manufacturing of Meta Ureido Aniline and R-Salt
  • 2007: Commenced manufacturing of Di Calcium Phosphate
  • 2008: Acquired additional plot of land at B-102, MIDC Industrial Area, Lote Parshuram for carrying on expansion of its manufacturing activities.
  • 2009: Acquired additional plot at D-25, M.I.D.C. Industrial Area, Lote Parshuram, for setting up a plant for manufacturing of fertilizers.
  • 2009: Participation by IFCI Venture Capital Funds Limited in the equity share capital of the company vide execution of Equity Subscription Agreement dated April 27, 2009.
  • 2009: Commenced manufacturing of H-Acid
  • 2010: Commenced the Acid division and achieved a turnover of Rs 1,000 million
  • 2011: Commenced manufacturing of Single Super Phosphate and Soil Conditioner (Fertilizer) and commissioned a 500KW Captive Power Plant
  • 2011: Implemented SAP
  • 2011: Opened office in Pune for marketing of fertilizers.
  • 2012: The name of the company was changed to ‘Shree Pushkar Chemicals & Fertilisers Limited’ pursuant to a Fresh Certificate of Incorporation dated March 5, 2012, issued by the Registrar of Companies, Maharashtra to reflect the business of the company more accurately.
  • 2012: Launched its own soil conditioner brand “Dharti Ratna” which is being marketed in Western Maharashtra.
  • 2013: Enhanced the capacity of the SSP plant located at D-25, MIDC, Ratnagiri, Maharashtra from 45,000 TPA to 1 Lac Tonnes Per Annum.
  • 2013: ISO 14001:2004 and ISO 9001:2008 certificates for both of its manufacturing units
  • 2014: Entered into MoU for acquiring an additional plot at D-18, M.I.D.C. Industrial Area, Lote Parshuram, for setting up a plant for manufacture of fertilizer - Sulphate of Potash.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.70%
1 Week
-1.47%
1 Month
-4.94%
3 Month
+11.59%
6 Month
+28.10%
1 Year
+55.82%
2 Year
+91.40%
5 Year
+38.79%
4 years 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 15.66 17.53 16.35 12.28
Return on Capital Employed (%) 23.33 21.59 18.80 12.23
Return on Assets (%) 11.63 11.23 10.00 8.16

Balance Sheet View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 193 237 284 306
Non Curr. Liab. 12 17 28 23
Curr. Liab. 55 137 114 120
Minority Int.
Equity & Liab. 260 391 426 449
Non Curr. Assets 137 180 196 282
Curr. Assets 123 211 230 167
Misc. Exp. not W/O
Total Assets 260 391 426 449

Profit Loss View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 306 395 452 346
Other Income 2 2 3 4
Total Income 308 397 455 351
Total Expenditure -254 -334 -385 -297
PBIDT 54 63 70 54
Interest -3 -3 -4 -2
Depreciation -5 -8 -10 -11
Taxation -16 -16 -15 -4
Exceptional Items
PAT 30 37 41 36

Cash Flow View Details

Particulars 4 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 17 -5 56 76
Cash Fr. Inv. -12 -50 -40 -61
Cash Fr. Finan. -5 55 -15 -14
Net Change 0 0 0 0
Cash & Cash Eqvt 0 0 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 65.03 65.03 65.03 65.25 65.28 66.50 66.53 66.95 67.03
Public 34.97 34.97 34.97 34.75 34.72 33.49 33.47 33.05 32.97
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 29 Jul 2021
Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (LODR) Regulations 2015. - Change In Category Of Directorship
With reference to the above captioned subject matter and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with Para A of Schedule III we would like to give disclosure on Change in category of Directorship in the attached letter
Thu, 29 Jul 2021
Board Meeting Intimation for Intimation Of The Date Of Board Meeting For Consideration And Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2021 And Other Matters.
Shree Pushkar Chemicals & Fertilisers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2021 inter alia to consider and approve With respect to the captioned subject please be informed that pursuant to provision of Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the meeting of the Board of Directors of the Company will be held on Thursday 12th August 2021 at 05:15 p.m. electronically through video conferencing inter alia to consider review and approve the following business:

1. The Un-audited Financial Results of the Company for the Quarter ended 30th June 2021;

2. Matter relating to Annual General Meeting;

3. Any other matter with the permission of Chair.

You are requested to take a note of the same and oblige.
Sat, 24 Jul 2021
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Impact On The Operations Of The Company'S Plant At Ratnagiri District In Maharashtra Due To Flooding.
With reference to the captioned subject matter and pursuant to SEBI (LODR) Regulations 2015 we would like to inform you that due to unprecedent rains on 22nd July 2021 and 23rd July 2021 in entire Ratnagiri District of Maharashtra causing flooding resulting into disruption at our Ratnagiri plant in Maharashtra.

As per the present scenario the bridge nearby our factory has collapsed this is causing obstruction for the labours and suppliers to enter our factory supply of raw material in the factory and delivering the finished product from the factory.

Further to the above there has been no damage to the Units. However the productions at the units has been put on halt on temporarily basis and it is expected to resume the production shortly and we will keep you updated on the same.

We are currently assessing the situation and shall take necessary steps considering the safety norms to resume the operation at the manufacturing unit at the earliest.

Technical Scans View Details

Mon, 02 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
CCI Crossed Below -100 CCI Crossed Below -100
CCI Oversold Zone CCI Oversold Zone
Fri, 30 Jul 2021
Opening at High Opening at High
S Close Below Last Week Low

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