Shree Pushkar Chemicals & Fertilisers Ltd. News and Updates

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Shree Pushkar Chemicals & Fertilisers Ltd.

11 Aug 2016

305.90

0.82%

Shree Pushkar plans commercial production at fertiliser plant in Sept

Business Standard

The company is setting up a plant for manufacturing sulphate of potash (SOP), a soluble potassic fertiliser, with a capacity of 10,000 metric tonnes per annum

Shree Pushkar Chemicals & Fertilisers Ltd. is trading above all available SMAs

Shree Pushkar Chemicals & Fertilisers Ltd.

13 Jul 2016

305.90

0.82%

Shree Pushkar Chemicals

Shree Pushkar Chemicals & ...

ICICI Securities Limited

In 2000, SPCL established its manufacturing base thereby manufacturing dye intermediates, which find application in manufacturing dyes, which, in turn, are used as a colouring agent for textiles. In 2000-16, SPCL expanded its capacity both horizontally and vertically thereby evolving into a backward integrated dye intermediates manufacturing company with zero effluent discharge. SPCL has over a period of time treated its main effluents prudently thereby inventing new avenues for sales including fertilisers, soil conditioner and cattle feed. In FY16, SPCL had an installed capacity of 7868 tonne per annum (TPA) of dye intermediates and operated at ~70% utilisation levels. In FY16, SPCL’s sales came in at | 249 crore, EBITDA at | 32.4 crore (EBITDA margins at 13.0%) and PAT at | 22.3 crore. Post its listing in September 2015, SPCL has commenced and commissioned an impressive capex programme. Hence, going forward, it has integrated into manufacturing of dyes (capacity 3000 TPA) and complex fertilisers. The company incurred a capex of | 41 crore out of the raised capital of | 62 crore for the same. SPCL has a stable business model with healthy earnings growth visibility in the next three years on account of commissioning of new capacity. Trendlyne has 1 report on SHREEPUSHK updated in the last year from 1 broker with an average target of Rs 125.