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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shree Pushkar Chemicals & Fertilizers Ltd

About the Company - Shree Pushkar Chemicals & Fertilizers Ltd

Shree Pushkar Chemicals & Fertilisers Ltd. is a Public Limited Listed company incorporated on 29/03/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1993PLC071376 and registration number is 071376. Currently Company is involved in the business activities of Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Company’s Total Operating Revenue is Rs. 357.94 Cr. and Equity Capital is Rs. 30.84 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Others301-302, 3rd Floor, Atlanta Centre, Mumbai Maharashtra 400063cosec@shreepushkar.com
http://www.shreepushkar.com
Management
NamePosition Held
Mr. Punit MakhariaChairman & Managing Director
Mr. Gautam MakhariaJoint Managing Director
Mr. Ramakant NayakNon Executive Director
Mr. Dinesh ModiNon Executive Director
Mr. Satpal AroraIndependent Director
Mrs. Barkharani Harsh NevatiaIndependent Director
Mr. Ishtiaq AliIndependent Director
Mrs. Ranjana MakhariaNon Executive Director

Shree Pushkar Chemicals & Fertilisers Ltd. Share Price Update

Share PriceValue
Today₹193.00
Previous Day₹191.65

Basic Stock Data of Shree Pushkar Chemicals & Fertilizers Ltd

Market Cap 603 Cr.
Current Price 191
High / Low242/140
Stock P/E16.4
Book Value 144
Dividend Yield0.79 %
ROCE11.6 %
ROE8.91 %
Face Value 10.0

Data Source: screener.in

Competitors of Shree Pushkar Chemicals & Fertilizers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindcon Chemicals Ltd 296 Cr. 57.869.7/15.351.5 9.070.17 %14.3 %10.6 % 2.00
Andhra Sugars Ltd 1,514 Cr. 112129/100.018.3 1141.76 %16.0 %12.6 % 2.00
SRF Ltd 70,665 Cr. 2,3842,637/2,04047.9 3660.30 %22.4 %22.8 % 10.0
Navin Fluorine International Ltd 15,621 Cr. 3,1514,950/3,00153.0 4570.22 %20.4 %18.2 % 2.00
Tamil Nadu Petro Products Ltd 849 Cr. 94.4114/68.413.6 93.61.58 %15.1 %11.8 % 10.0
Industry Average17,789.00 Cr1,159.8436.86207.930.81%17.64%15.20%5.20

Shree Pushkar Chemicals & Fertilizers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales76.8995.57113.53118.52136.05137.34192.09168.76181.29153.67180.31175.53185.22
Expenses65.4482.1099.42100.08113.73117.69172.83147.60167.60140.54159.90161.50171.26
Operating Profit11.4513.4714.1118.4422.3219.6519.2621.1613.6913.1320.4114.0313.96
OPM %14.89%14.09%12.43%15.56%16.41%14.31%10.03%12.54%7.55%8.54%11.32%7.99%7.54%
Other Income1.032.052.011.982.301.621.290.922.622.372.021.902.86
Interest0.320.280.200.760.570.490.140.270.550.440.960.500.23
Depreciation2.843.033.603.483.443.603.623.894.814.874.955.425.43
Profit before tax9.3212.2112.3216.1820.6117.1816.7917.9210.9510.1916.5210.0111.16
Tax %21.24%26.13%15.34%17.18%23.58%27.88%16.50%19.48%55.53%49.85%22.40%21.28%24.19%
Net Profit7.349.0210.4313.3915.7512.3814.0314.434.875.1212.817.898.45
EPS in Rs2.382.933.384.345.114.014.554.561.541.624.052.492.67

Shree Pushkar Chemicals & Fertilizers Ltd Quarterly Chart

Shree Pushkar Chemicals & Fertilizers Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales306395452346355584684695
Expenses254334385296312504615633
Operating Profit5261675043806962
OPM %17%15%15%15%12%14%10%9%
Other Income22237789
Interest33421222
Depreciation58101113141921
Profit before tax4652564036715648
Tax %34%30%27%11%20%22%33%
Net Profit3037413629563734
EPS in Rs10.0012.0913.3011.589.2618.0111.7710.83
Dividend Payout %15%0%11%0%11%11%13%

Shree Pushkar Chemicals & Fertilizers Ltd Profit & Loss Yearly Chart

Shree Pushkar Chemicals & Fertilizers Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:25%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:0%
3 Years:2%
TTM:-25%
Stock Price CAGR
10 Years:%
5 Years:7%
3 Years:8%
1 Year:7%
Return on Equity
10 Years:%
5 Years:12%
3 Years:11%
Last Year:9%

Shree Pushkar Chemicals & Fertilizers Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3030313131313232
Reserves163207254275308365406422
Borrowings15654751589470125
Other Liabilities5278778089134149134
Total Liabilities260380408437486624657713
Fixed Assets123166172164175195313305
CWIP0310528111007
Investments00059657795113
Other Assets137210226163165243249287
Total Assets260380408437486624657713

Shree Pushkar Chemicals & Fertilizers Ltd Reserves and Borrowings Chart

Shree Pushkar Chemicals & Fertilizers Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17-55676414250
Cash from Investing Activity -12-50-40-61-33-63-38
Cash from Financing Activity -555-15-14-731-22
Net Cash Flow0-000210-9

Shree Pushkar Chemicals & Fertilizers Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days73797981795968
Inventory Days5511075106959470
Days Payable39685491858781
Cash Conversion Cycle8912210096896657
Working Capital Days711089496876565
ROCE %22%19%12%10%16%12%

Shree Pushkar Chemicals & Fertilizers Ltd Financial Efficiency Indicators Chart

Shree Pushkar Chemicals & Fertilizers Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters66.95%67.03%67.03%67.03%67.61%68.42%68.42%68.42%68.60%68.61%68.60%68.60%
FIIs0.40%0.40%1.33%1.44%1.28%1.34%1.40%1.34%1.33%1.37%1.35%1.35%
DIIs2.88%2.52%1.25%1.25%1.25%1.22%1.14%1.14%1.14%1.06%1.04%0.75%
Public29.76%30.06%30.40%30.28%29.86%29.03%29.05%29.10%28.92%28.96%29.01%29.30%
No. of Shareholders14,42617,92920,06619,80418,01718,01319,10019,23418,68918,44919,15919,638

Shree Pushkar Chemicals & Fertilizers Ltd Shareholding Pattern Chart

No. of Shree Pushkar Chemicals & Fertilizers Ltd Shareholders

This stock is not held by any mutual fund

Shree Pushkar Chemicals & Fertilizers Ltd ROCE Trend

Shree Pushkar Chemicals & Fertilizers Ltd EPS Trend

Shree Pushkar Chemicals & Fertilizers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.8318.019.2511.6013.32
Diluted EPS (Rs.)11.7717.689.2511.6113.25
Cash EPS (Rs.)17.6322.609.7215.3016.54
Book Value[Excl.RevalReserv]/Share (Rs.)138.37128.27112.02101.3991.81
Book Value[Incl.RevalReserv]/Share (Rs.)138.37128.27112.02101.3991.81
Revenue From Operations / Share (Rs.)216.29189.38115.10112.31147.09
PBDIT / Share (Rs.)24.1328.1716.2017.3722.62
PBIT / Share (Rs.)18.2723.5815.7313.6619.38
PBT / Share (Rs.)17.5722.9511.6312.9718.17
Net Profit / Share (Rs.)11.7718.019.2511.5813.29
NP After MI And SOA / Share (Rs.)11.7718.019.2511.5813.29
PBDIT Margin (%)11.1514.8714.0715.4615.38
PBIT Margin (%)8.4412.4513.6612.1613.17
PBT Margin (%)8.1212.1110.1011.5412.35
Net Profit Margin (%)5.449.518.0410.319.03
NP After MI And SOA Margin (%)5.449.518.0410.319.03
Return on Networth / Equity (%)8.5014.048.2611.4214.48
Return on Capital Employeed (%)12.1516.7813.0812.7819.06
Return On Assets (%)5.668.895.878.1610.00
Long Term Debt / Equity (X)0.000.010.020.010.02
Total Debt / Equity (X)0.140.220.150.150.16
Asset Turnover Ratio (%)1.190.720.600.711.09
Current Ratio (X)1.831.561.361.432.21
Quick Ratio (X)1.381.080.880.861.56
Inventory Turnover Ratio (X)6.164.072.923.314.06
Dividend Payout Ratio (NP) (%)0.005.550.0017.220.00
Dividend Payout Ratio (CP) (%)0.004.420.0013.040.00
Earning Retention Ratio (%)0.0094.450.0082.780.00
Cash Earning Retention Ratio (%)0.0095.580.0086.960.00
Interest Coverage Ratio (X)34.4844.313.9525.1618.72
Interest Coverage Ratio (Post Tax) (X)17.8229.343.2617.7712.00
Enterprise Value (Cr.)527.53937.02472.34275.70512.42
EV / Net Operating Revenue (X)0.771.601.330.791.13
EV / EBITDA (X)6.9110.799.465.157.37
MarketCap / Net Operating Revenue (X)0.681.481.190.651.12
Retention Ratios (%)0.0094.440.0082.770.00
Price / BV (X)1.072.181.220.721.79
Price / Net Operating Revenue (X)0.681.481.190.651.12
EarningsYield0.070.060.060.150.08

Shree Pushkar Chemicals & Fertilizers Ltd Profitability Ratios (%)

Shree Pushkar Chemicals & Fertilizers Ltd Liquidity Ratios

Shree Pushkar Chemicals & Fertilizers Ltd Liquidity Ratios (%)

Shree Pushkar Chemicals & Fertilizers Ltd Interest Coverage Ratios (X)

Shree Pushkar Chemicals & Fertilizers Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shree Pushkar Chemicals & Fertilizers Ltd

Fair Value: ₹212.08

The stock is undervalued by 11.04% compared to the current price ₹191

*Investments are subject to market risks

Strength and Weakness of Shree Pushkar Chemicals & Fertilizers Ltd

StrengthWeakness
  1. The company has higher reserves (300.00 cr) compared to borrowings (65.63 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (477.13 cr) and profit (50.63 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 18.12 and average Dividend Yield of 11.98%.
  2. The stock has a low average ROCE of 13.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 83.71, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 88.43, which may not be favorable.

Should I Buy Shree Pushkar Chemicals & Fertilizers Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shree Pushkar Chemicals & Fertilizers Ltd:
    1. Net Profit Margin: 5.44%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.15% (Industry Average ROCE: 14.77%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 17.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.38
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 16.2 (Industry average Stock P/E: 33.9)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shree Pushkar Chemicals & Fertilizers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE