| Revenue growth | Q2 revenue ₹403.5 Cr, +58.2% YoY, +44.1% QoQ; mostly price-led. |
|---|---|
| Margins | EBITDA margin 12.2% vs 10% last year; spike partly transient pricing. |
| Demand visibility | Q3 fertiliser subdued by drought; chemicals firm on China supply gap. |
| Management confidence | Over-optimistic and defensive; heavy hedging, repeated 'personal opinion' disclaimers. |
Growth
Volume +4.3% vs revenue +58.2%, so growth is price/mix-led. Chemicals +85.6%, fertiliser +27.5%; EBITDA margin 12.2%.
Outlook
FY27 revenue guided at least ₹1,250 Cr, called conservative. Chairman's personal FY28 view is ~₹2,000 Cr. ₹70 Cr Unit 5 plant due March 2028.
Risks
CFO-cited HSA price spike is called transient. Unit 6 slipped to Q4 with possibly nil revenue. Fertiliser subdued by drought; subsidy still undeclared.
Last quarter's promises, checked
Delivered
- Q2 'better than Q1' (~₹280 Cr) → ₹403.5 Cr (= BEAT)
- 10 MW solar 'very soon' → live (= BEAT)
- Unit 5 dyes 'very soon' → commercial production started (= BEAT)
Partly delivered
- Volumes back to original levels in 3 qtrs → Q2 volume +4.3% YoY, price-led (= PARTIAL)
- FY27 ₹1,350–1,400 Cr upside → guide ≥₹1,250 Cr (= PARTIAL)
Missed
- Unit 6 trials Aug/Sep → slipped to Q4, nil revenue possible (= MISS)
Earnings Call Transcript filed with BSE, NSE: SHREEPUSHK. Summary written with AI assistance from the document.
Shree Pushkar Chemicals & Fertilisers Ltd: key numbers
- Share price
- ₹574.55
- Market cap
- ₹1,858 Cr
- Revenue (annual)
- ₹976.6 Cr
- Net profit (annual)
- ₹70.10 Cr
- P/E (TTM)
- 20.7×Sector 34.1×
- Promoter holding
- 69.45%+0.09% QoQ
- FII holding
- 0.58%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shree Pushkar Chemicals & Fertilisers Ltd
All →Shree Pushkar Chemicals & Fertilisers Preferential Issue
Shree Pushkar called an EGM to approve Rs 45 Crore promoter warrants at Rs 526.90 each. Warrants convert into equity within 18 months.
- Value
- ₹45.00 Cr
Shree Pushkar Chemicals & Fertilisers Convertible Warrants
Shree Pushkar Chemicals calls an EGM on 2 December 2026. Shareholders will vote on preferential issue of convertible warrants to the promoter.
Shree Pushkar Chemicals & Fertilisers Other Announcement
Shree Pushkar Chemicals reported no deviation in using preferential warrant funds for the quarter ended 30 September 2026. Rs.7.50 crore subscription money has been received so far.
Shree Pushkar Chemicals & Fertilisers Capital Structure Change
Shree Pushkar Chemicals' board approved reissue of forfeited shares and fund raising. Authorised capital rises to 34 million shares, subject to a 2 December 2026 vote.
Shree Pushkar Chemicals & Fertilisers Fund Raise of ₹45 Cr
Shree Pushkar's board approved a preferential issue of 854,060 convertible warrants to Punit Makharia. The issue would raise about Rs.45.00 Crore at Rs.527 per warrant.
- Value
- ₹45.00 Cr
Shree Pushkar Chemicals & Fertilisers Investor Presentation: Key Takeaways
Q2 FY27 revenue Rs 403.5 Cr (+58.2% YoY), EBITDA Rs 49.2 Cr (12.2% margin), PAT Rs 35.7 Cr (+96.1%). H1 revenue Rs 683.6 Cr (+34.1%). Growth driven by capacity additions.