SHREEPUSHKCommodities

Shree Pushkar Chemicals & Fertilisers Limited

Dyes And Pigments · ISIN INE712K01011 · BSE 539334 · NSE EQ · FV ₹10
Last price
₹513
+1.09%today
What this company does

Shree Pushkar Chemicals & Fertilisers Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹280 cr of revenue in its latest quarter (Q1 FY27) and kept 8.2% of sales as profit. It is the 4th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
69

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality39

Whether reported profit actually arrives as cash

Growth & consistency87

Whether sales and profit have grown, and how steadily

Valuation31

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Profit up 9% vs last year
Promoters hold 69%
No promoter shares pledged
Strong 15% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in SHREEPUSHK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹513 +1.09%
latest close · 2026-09-17
1-year return
+203.3%
52-wk low ₹16752-wk high ₹545
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.1Average
LowAverageHigh
P/B ratio2.72Moderate
Below bookModerateHigh
EV / EBITDA12.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.0%Strong
WeakFairStrong ▸15%
Return on capital17.9%Strong
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin13.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.21Comfortable
LowModerateHigh ▸1
Interest cover11.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.68Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,657 cr
Book value
₹189
EPS
₹7.09
latest quarter
Net debt
₹126 cr
owes more than its cash
Enterprise value
₹1,784 cr
EBITDA
₹147 cr
annualised
EBIT
₹122 cr
annualised
Operating margin
10.9%
Return on assets
9.5%
Earnings yield
5.53%
P/S
1.48
Sales / share
₹346.4
Tax rate
17.6%
Face value
₹10
Shares
3.2 cr
Working capital
₹195 cr
Current assets
₹483 cr
Current liabilities
₹288 cr
Delivery %
43.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹114₹123, midpoint ₹119

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹280 cr
Other Income₹5 cr
Total Income₹285 cr
Cost of Materials₹193 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹13 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹45 cr
Total Expenses₹257 cr
Profit before Tax₹28 cr
Tax Expense₹5 cr
Net Profit₹23 cr
Net margin on total income8.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹191 cr67.0%
Employee benefit expense₹13 cr4.5%
Finance costs₹3 cr0.9%
Depreciation & amortisation₹6 cr2.2%
Other expenses₹45 cr15.6%
Tax expense₹5 cr1.7%
Profit for the period₹23 cr8.0%
Total income ₹285 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue249 cr218 cr280 cr
Total income253 cr220 cr285 cr
Expenses233 cr203 cr257 cr
Profit before tax20 cr17 cr28 cr
Tax2 cr5 cr5 cr
Net profit (owners' share)18 cr13 cr23 cr
Net margin (owners' share, on revenue)7.3%5.9%8.2%
EPS (₹)5.593.987.09
YoY (latest quarter): total income +10.3% · net profit +9.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹970 cr
Shareholder equity
₹610 cr
parent shareholders
Total debt
₹127 cr
Cash
₹67.3 L
Cash flow · H1 FY26
Operating
₹31 cr
Investing
₹-75 cr
Financing
₹48 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,205₹9,583 cr24.5
Kiri Industries Limited₹535₹3,489 cr3.0
Bodal Chemicals Limited₹182₹2,294 cr18.9
Shree Pushkar Chemicals & Fertilisers Limitedthis company₹513₹1,657 cr18.1
Bhageria Industries Limited₹319₹1,392 cr10.2
Sudarshan Colorants India Limited₹378₹872 cr10.7
Asahi Songwon Colors Limited₹365₹430 cr5.6
AksharChem India Limited₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹2 / share19 Sep 2025
Dividend₹1.5 / share20 Sep 2024
Dividend₹1.5 / share22 Sep 2023
Dividend₹2 / share21 Sep 2022
Dividend₹1 / share16 Sep 2021
Dividend₹0.5 / share27 Feb 2020
Who owns it · 2026-06-30
No pledge
Promoter
69.4%
FII / Foreign
0.5%
DII / Domestic
0.0%
Retail / others
30.1%
Promoter stake up 0.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtBhanu Gopi Makharia · Promoters1.74 cr · ₹17.4 cr19 Mar 25
SoldPunit Gopikishan Makharia · Director87.69 L · ₹8.8 cr19 Mar 25
SoldGautam Gopikishan Makharia · Director86.43 L · ₹8.6 cr19 Mar 25
Bulk / block deals
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE2.33 L @ ₹400.1224 Apr 26
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE2.33 L @ ₹400.4824 Apr 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE4.67 L @ ₹399.9924 Apr 26
Stake changes
SoldPunit Gopikishan Makharia · promoter→ 5.00% · 87.69 L19 Mar 25
BoughtBhanu Gopi Makharia · promoter→ 69.36%19 Mar 25
SoldGautam Gopikishan Makharia · promoter→ 5.00% · 86.43 L19 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 10 Dec 2025
See the official result
1
Increase in Authorised Share Capital of the Company and consequential amendment to Memorandum of Association
Backed by 100% of shareholders other than promotersneeded 50%
4.75 L votes for, 116 against · 0% of mutual funds and other big investors said no
2
Issue of Fully Convertible Warrants to the Promoter of the Company on Preferential Basis
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
4.75 L votes for, 116 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 69.4% between them · as of 2026-06-30
BHANU GOPI MAKHARIA55.34%
GAUTAM GOPIKISHAN MAKHARIA5.00%
PUNIT GOPIKISHAN MAKHARIA5.00%
AGRIMA MAKHARIA1.42%
RAGHAV MAKHARIA0.79%
RADHIKA PUNIT MAKHARIA0.64%
ARADHANA MAKHARIA0.50%
RANJANA PUNIT MAKHARIA0.50%
Business done with them
FY2025 · 4 of the group
The company paid ₹46 cr to companies in the promoter group last year — about 5.7% of its ₹806 cr revenue and received ₹54 L back from them.
GAUTAM GOPIKISHAN MAKHARIA
Other payments to them · Director Remuneration, Warrant Application Money Pending Allotment, Issue of shares upon conversion of warrants, Loan Taken/Repaid
also owns 5.00% of the company
₹46 cr
company paid
PUNIT GOPIKISHAN MAKHARIA
Contribution received from them · Directors Remuneration
also owns 5.00% of the company
₹54 L
company received
Raghav Makharia
Other payments to them · Salary to Relatives of Key Management Personnel (KMP)
also owns 0.79% of the company
₹23.4 L
company paid
Aradhana Makharia
Other payments to them · Salary to Relatives of Key Management Personnel (KMP)
also owns 0.50% of the company
₹17.5 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Dec 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 25% of what it set aside.

For undertaking investment in Madhya Bharat Phosphate Private Limited*, a Material Wholly Owned Subsidiary of the Company, in the form of Equity/Quasi Equity, Debt/Loan instruments, Inter-Corporate Loan/Deposit which will be utilized by such Subsidiary as a Capital Expenditure for Complex Fertilisers and further Expansion of Unit at Meghnagar, Jhabua, Madhya Pradesh. (“Investment in Subsidiary”) *As the Petition of Scheme of Amalgamation of Madhya Bharat Phosphate Private Limited and Kisan Phosphates Private Limited, another Material Wholly Owned Subsidiary of Shree Pushkar Chemicals & Fertilisers Limited is pending before Hon'ble National Company Law Tribunal, Mumbai Bench, this Object shall deemed to include Kisan Phosphates Private Limited if Amalgamation is approved by Hon'ble National Company Law Tribunal, Mumbai Bench before utilizing the proceeds of this Object.
25%
of what was set aside
Spent by quarter: 0%25%25% (to Jun 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.