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Latest filing: 2026-08-18 19:26
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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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17 announcements match the current filters (relevance ≥ 5).
Shree Pushkar Q1 FY27 Concall: Guides FY27 Rev to ₹1,350-1,400 Cr, Unit 5 & 6 Trials by Sept
Shree Pushkar Chemicals reported Q1 FY27 revenue growth of 10% YoY to ₹280.10 Cr and PAT growth of 9.4% YoY to ₹22.9 Cr, supported by strong realizations despite lower volumes. Chemical sales value grew 17.1% YoY to ₹138 Cr while fertilizer sales value rose 4% YoY to ₹142 Cr. Management raised its FY27 revenue expectation to ₹1,350–1,400 Cr (vs previous ₹1,200–1,250 Cr) on higher dye intermediate realizations, with K-acid prices surging from ₹550 to ₹700+/kg. Unit 5 and Unit 6 expansions are complete and expected to commence trials by August-September 2026, contributing 4-5 months of operations in FY27.
Confidence: HIGH
What changedFiled transcript of Q1 FY27 concall providing operational updates on Unit 5/6 commissioning timelines, dye intermediate pricing dynamics, and an upgraded revenue guidance.
Why it mattersHigher product realizations and impending commercialization of Unit 5 and 6 capacity provide visibility toward the management's upgraded FY27 revenue projection of ₹1,350-1,400 Cr (up ~38-43% vs FY26 revenue of ₹977 Cr).
Q1 FY27 Revenue: ₹280.10 CrQ1 FY27 PAT: ₹22.9 CrFY27 Revenue Guidance: ₹1,350 - 1,400 CrFY27 Guidance vs TTM Revenue: ~135% - 140%Land Acquisition Value: ₹9.33 CrPipeline Fertilizer Capacity Addition: 4,50,000 MTPA
📅 Short termPositive sentiment driven by upgraded revenue guidance and trial timelines for Unit 5 and Unit 6 within the next 4-6 weeks.
📈 Long termStrengthened backward integration, solar power installations, and major capacity additions across fertilizer (4.5L MTPA) and chemicals (72k MTPA) position the company toward its medium-term growth targets.
⚠ Risk flags
- Raw material price volatility (sulfur and ammonia) impacting acid plant run rates
- Working capital drag due to advance payment requirements for sulfur vs credit terms for finished acids
- Export sensitivity to global supply chain disruptions
Key Highlights
Q1 FY27 revenue rose 10% YoY to ₹280.10 Cr, with EBITDA at ₹31.9 Cr (11.4% margin) and PAT at ₹22.9 Cr (8.2% margin)
Management raised annual revenue target to ₹1,350–1,400 Cr from the earlier guidance of ₹1,200–1,250 Cr
Unit 6 and Unit 5 dye plants are complete and slated for trial runs by end-August/September 2026, targeting 4-5 months of operational contribution in FY27
Overall pipeline includes 4,50,000 MTPA fertilizer and 72,000 MTPA chemical capacity additions, alongside a 10 MW DC solar project expanding total solar to 20.6 MW DC
Acquired ~30,000 sq meters of land at Lote Parshuram for ₹9.33 Cr for future brownfield expansion
👀 What to Watch
Track the commercial capitalization and trial execution of Unit 5 and Unit 6 over Q2/Q3 FY27, along with the sustainability of elevated K-acid and Vinyl Sulphone export demand.
Shree Pushkar Commissions 10 MW Solar Plant, Total Capacity Reaches 20.6 MW DC
Shree Pushkar Chemicals & Fertilisers has commissioned a 10.00 MW DC solar plant at Shirur, Umri Solar Park in Nanded, Maharashtra. The company also secured Open Access approval from MSEDCL for captive power consumption across Units 1, 2, 3, and 5. With this commissioning, the company's total consolidated solar capacity stands doubled at 20.6 MW DC, which will help optimize power and fuel costs across its core manufacturing facilities.
Confidence: HIGH
What changedOperationalized a 10.00 MW DC captive solar plant with grid open access approval in Maharashtra.
Why it mattersExpands captive renewable energy infrastructure to 20.6 MW DC, reducing industrial power costs and supporting operating profit margins (OPM at 10.2% in FY26).
New Solar Capacity Commissioned: 10.00 MW DCTotal Consolidated Solar Capacity: 20.6 MW DCCaptive Power Units Benefited: Units 1, 2, 3 and 5TTM Revenue Context: Rs 1002 Cr
📅 Short termImmediate substitution of higher-cost grid electricity with captive solar power across designated manufacturing units.
📈 Long termEnhances long-term operational cost competitiveness and improves the company's ESG profile amid ongoing chemical and fertilizer expansions.
⚠ Risk flags
- Grid wheeling/transmission charge adjustments by state regulators
- Seasonal variation in solar power generation
Key Highlights
Commissioned 10.00 MW DC solar power plant at Umri Solar Park, Nanded, Maharashtra
Obtained Open Access approval from MSEDCL for self-captive consumption at Units 1, 2, 3, and 5
Consolidated solar generation capacity increased to 20.6 MW DC
👀 What to Watch
Track the upcoming quarterly financial results for power cost savings and operating margin expansion.
10% Revenue Growth in Q1 FY27; 4.5 Lakh MTPA Fertilizer Expansion Underway
Shree Pushkar reported a 10% YoY revenue growth to ₹280.1 cr in Q1 FY27, driven by improved realizations despite a 38.6% YoY drop in chemical sales volumes. EBITDA margins remained stable at 11.4%, with PAT rising 9.4% to ₹22.9 cr. The company is executing a massive capacity expansion, including 4,50,000 MTPA in fertilizers and 72,000 MTPA in chemicals, largely funded through internal accruals and preferential issues. Liquidity remains strong with ₹124.91 cr in non-lien deposits as of June 2026.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial performance and provided a status update on its multi-year capacity expansion and land acquisition for future growth.
Why it mattersThe massive capacity expansion (adding ~60% to total capacity) is the primary driver for the company's target to reach ₹2,500-3,000 cr revenue by FY29, representing a significant scale-up from current TTM revenue of ₹977 cr.
Q1 FY27 Revenue: ₹280.1 crQ1 FY27 PAT: ₹22.9 crChemical Volume Growth: -38.6%Non-lien Deposits: ₹124.91 crLand Acquisition Cost: ₹9.33 crPlanned Fertilizer Expansion: 4,50,000 MTPA
📅 Short termThe stock may react positively to the revenue and PAT growth, though the sharp volume decline in chemicals is a point of caution for the next few weeks.
📈 Long termStructural growth is supported by a zero-waste integrated model and massive capacity additions that could triple revenue by FY29 if execution remains on track.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant volume decline in the chemical segment
- Raw material price volatility
- Execution risk for large-scale capacity additions
Key Highlights
Q1 FY27 Revenue increased 10% YoY to ₹280.1 cr, with PAT growing 9.4% to ₹22.9 cr.
Chemical segment sales value rose 17.1% YoY to ₹138 cr despite a 38.6% volume decline to 9,113 MT.
Fertilizer segment contributed 51% of total sales value, reaching ₹142 cr in Q1 FY27.
Planned capacity expansion will add 4,50,000 MTPA in fertilizers and 72,000 MTPA in chemicals.
Acquired 30,000 sq. meters of land at Lote Parshuram for ₹9.33 cr for future development.
👀 What to Watch
Monitor the commissioning timeline of Ratnagiri Units 5 and 6, which are nearing completion. Investors should also track if the company can sustain high realizations to offset the current volume pressure in the chemical segment.
10% Revenue Growth in Q1 FY27; PAT at Rs 22.9 Cr Despite Volume Headwinds
Shree Pushkar reported a 10% YoY revenue growth to Rs 280.1 Cr for Q1 FY27, driven by improved realizations despite a significant drop in sales volumes (Chemicals down 38.6%, Fertilisers down 12.8%). EBITDA grew 9.7% YoY to Rs 31.9 Cr, maintaining a steady margin of 11.4%. The company acquired 30,000 sq. meters of land for Rs 9.33 Cr (approx. 0.7% of market cap) to support future expansion. Management noted that Unit 5 and 6 are nearing completion, though commencement timing is being optimized for raw material price stability.
Confidence: HIGH
What changedQ1 FY27 results show a shift towards value-driven growth (higher realizations) over volume-driven growth, alongside a strategic land acquisition for future capacity.
Why it mattersThe company is maintaining profitability and margins while navigating global supply chain challenges and preparing for its next phase of capacity expansion to reach its FY29 revenue targets.
Q1 FY27 Revenue: Rs 280.1 CrYoY Revenue Growth: 10.0%Q1 FY27 PAT: Rs 22.9 CrLand Acquisition Cost: Rs 9.33 CrChemical Volume Change (YoY): -38.6%Fertiliser Volume Change (YoY): -12.8%
📅 Short termThe market may react positively to the strong QoQ recovery (PAT up 78.2%) and steady margins, though the sharp YoY volume drop in chemicals remains a point of caution.
📈 Long termThe company's integrated 'zero-waste' model and ongoing expansions (Unit 5, 6, and 8) are structural drivers aimed at reaching Rs 2,500-3,000 Cr revenue by FY29.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant volume decline in the chemical segment (-38.6% YoY)
- Raw material price volatility affecting commencement of new units
- Global supply chain challenges impacting export-heavy dye business
Key Highlights
Revenue from operations increased 10.0% YoY to Rs 280.1 Cr, representing ~28.7% of TTM revenue.
PAT grew 9.4% YoY to Rs 22.9 Cr with a stable PAT margin of 8.2%.
Chemical segment revenue rose 17.1% YoY to Rs 137.9 Cr despite a 38.6% volume decline in MT.
Acquired 30,000 sq. meters of land adjacent to Unit 1 for Rs 9.33 Cr for future development.
Non-Lien Deposit facility of Rs 124.9 Cr available, supporting a strong liquidity position.
👀 What to Watch
Monitor the commencement timeline for Ratnagiri Unit 5 and Unit 6, as management is delaying startup to ensure stable operations amid raw material volatility. Watch for volume recovery in the chemical segment, which saw a sharp decline this quarter.
Sep 18 Set as Record Date for Final Dividend; Board Approves Q1 Results and Auditor Change
Shree Pushkar Chemicals & Fertilisers has fixed September 18, 2026, as the record date for its final dividend for FY25-26. The board also approved the Q1 FY27 financial results and recommended the appointment of M/s JASS & CO LLP as statutory auditors for a 5-year term starting from the 33rd AGM. Additionally, the company announced the resignation of Non-Executive Director Mr. Ramakant Madhav Nayak and the appointment of Mr. Raghav Punit Makharia. These changes come as the company maintains a TTM revenue of Rs 977 Cr and a PAT of Rs 70 Cr.
Confidence: HIGH
What changedThe company has formalized the timeline for its annual dividend payout and initiated a mandatory rotation of its statutory audit firm after a 10-year tenure by the previous auditor.
Why it mattersThe announcement provides administrative clarity for shareholders regarding dividend eligibility and ensures corporate governance continuity through the appointment of new auditors and directors.
Record Date: 18-Sep-2026AGM Date: 28-Sep-2026TTM Revenue: Rs 977 CrTTM PAT: Rs 70 CrAuditor Term: 5 years
📅 Short termThe stock may see routine price adjustments around the ex-dividend date; however, the primary focus will be on the Q1 FY27 earnings performance.
📈 Long termLimited structural impact from this filing; long-term growth remains dependent on the execution of the Unit 8 expansion and the target of Rs 2,500-3,000 Cr revenue by FY29.
Key Highlights
Record date for FY25-26 final dividend established as September 18, 2026
33rd Annual General Meeting (AGM) scheduled for September 28, 2026
New statutory auditor M/s JASS & CO LLP recommended for a 5-year term until 2031
Resignation of Director Mr. Ramakant Madhav Nayak effective August 13, 2026
Appointment of Mr. Dilip M. Bathija as Cost Auditor for the financial year 2026-27
👀 What to Watch
Investors should ensure their holdings are in the demat account by the September 18 record date to be eligible for the dividend. Monitor the upcoming Q1 FY27 detailed results for operational efficiency trends in the Chemicals and Fertilizer segments.
Shree Pushkar Sets Sept 18 Dividend Record Date, Appoints New Director and Statutory Auditor
Shree Pushkar Chemicals & Fertilisers approved its Q1 FY27 financial results and announced several governance updates. The company has fixed September 18, 2026, as the record date for the final dividend of FY 2025-26. Key leadership changes include the appointment of Mr. Raghav Punit Makharia as an Additional Director following the resignation of Mr. Ramakant Madhav Nayak. Additionally, M/s JASS & Co LLP has been recommended as the new statutory auditor for a five-year term starting from the upcoming 33rd AGM on September 28, 2026.
Confidence: HIGH
What changedThe company is transitioning its statutory auditors due to term completion and refreshing its board with a new director appointment.
Why it mattersThese administrative and governance changes ensure regulatory compliance and continuity as the company pursues its massive capacity expansion strategy (Units 5, 6, and 8).
Record Date: September 18, 2026AGM Date: September 28, 2026Auditor Term: 5 consecutive yearsTTM Revenue: ₹977 CrMarket Cap: ₹1296 Cr
📅 Short termThe stock may see routine activity around the dividend record date; focus will remain on the Q1 earnings performance details.
📈 Long termThe governance changes are structural; the long-term outlook depends on the successful execution of the ₹2,500 Cr+ revenue roadmap by FY29.
Key Highlights
Record date for FY 2025-26 final dividend fixed for September 18, 2026
33rd Annual General Meeting (AGM) scheduled for September 28, 2026
M/s JASS & Co LLP recommended as Statutory Auditors for a 5-year term until 2031
Mr. Raghav Punit Makharia appointed as Additional Director effective August 13, 2026
Mr. Dilip M. Bathija appointed as Cost Auditor for the financial year 2026-27
👀 What to Watch
Investors should review the detailed Q1 FY27 financial results to assess progress toward the company's long-term revenue target of ₹2,500-3,000 Cr by FY29.
Shree Pushkar FY26 Revenue Grows 21% to ₹976.6 Cr; PAT Increases 19.6% to ₹70.1 Cr
Shree Pushkar Chemicals & Fertilisers reported a strong FY26 with revenue reaching ₹976.6 crores, a 21.1% YoY increase driven by a 25.2% growth in the chemical segment. Full-year PAT rose 19.6% to ₹70.1 crores, while EBITDA margins remained stable at 10.2%. The company is executing a massive ₹512 crore capex plan, funded primarily through internal accruals and preferential allotments, with ₹189 crores already deployed. Despite Q4 supply chain disruptions affecting raw material availability, the company maintains a debt-free balance sheet with a net debt-to-equity ratio of -0.01x.
Key Highlights
FY26 Revenue from operations grew 21.1% YoY to ₹976.6 crores with consolidated volumes reaching 3,25,000 MT.
Chemical segment sales volume increased by 27.9% to 72,423 MT, while fertilizer segment revenue grew 16.5%.
Company is planning a ₹350 crore expansion at Madhya Bharat Phosphates, partially funded by ₹140 crores in existing bond investments.
Solar power capacity reached 10.6 MW DC in FY26, with a roadmap to reach 20.6 MW DC to enhance sustainability.
Return on Equity (ROE) improved to 12.2% and Return on Capital Employed (ROCE) rose to 15.3%.
👀 What to Watch
Investors should focus on the upcoming commissioning of Unit 5 and 6 and the execution of the ₹350 crore Madhya Bharat expansion as key growth drivers. The company's ability to maintain a net-debt-free status while undertaking significant capex makes it a strong candidate for long-term portfolios in the specialty chemicals space.
Shree Pushkar Reports FY26 Revenue Growth of 21% to Rs 976.6 Cr, PAT Up 20%
Shree Pushkar Chemicals & Fertilisers Limited reported a strong full-year performance for FY26, with revenue from operations growing 21.1% YoY to Rs 976.6 crore. Full-year EBITDA increased by 18.7% to Rs 99.5 crore, while PAT grew 19.6% to Rs 70.1 crore. However, Q4 FY26 revenue was flat at Rs 218.2 crore, and Q4 PAT declined 22.2% YoY to Rs 12.9 crore due to global supply chain disruptions. The company is actively expanding its capacities across both chemical and fertiliser segments, funded via internal accruals and preferential issues.
Key Highlights
FY26 Revenue from Operations increased by 21.1% YoY to Rs 976.6 crore compared to Rs 806.3 crore in FY25.
FY26 PAT grew by 19.6% YoY to Rs 70.1 crore, with Return on Equity (ROE) improving to 12.2%.
Q4 FY26 performance was softer with Revenue down 0.6% YoY to Rs 218.2 crore and PAT down 22.2% YoY to Rs 12.9 crore.
The company maintains a strong capital structure with a negative Net Debt/Equity ratio of (0.01)x and Rs 140.68 crore in non-lien deposits.
Ongoing expansions aim to increase fertiliser capacity by 4,50,000 MTPA and chemical capacity by 72,000 MTPA.
👀 What to Watch
Investors should look past the short-term Q4 slowdown caused by global supply chain issues and focus on the strong full-year growth and upcoming capacity expansions. The company's zero-waste integrated model and virtually debt-free balance sheet make it a strong long-term bet in the chemical and fertiliser space.
Shree Pushkar FY26 PAT Grows 19.6% to ₹70.1 Cr; Q4 Performance Muted by Supply Chain Issues
Shree Pushkar reported a robust full-year performance for FY26 with revenue growing 21.1% to ₹976.6 crore and PAT increasing 19.6% to ₹70.1 crore. However, the fourth quarter (Q4 FY26) was significantly weaker, with PAT dropping 22.2% YoY to ₹12.9 crore due to global supply chain disruptions. The company maintains a very strong balance sheet with a negative net debt-to-equity ratio of -0.01x and ₹140.7 crore in non-lien deposits. While chemical volumes grew 27.9% for the full year, fertiliser volumes saw a slight decline of 3%.
Key Highlights
FY26 Revenue from Operations increased by 21.1% YoY to ₹976.6 Crores.
Full-year PAT grew by 19.6% to ₹70.1 Crores with an EPS of ₹21.6.
Q4 FY26 PAT fell 22.2% YoY and 28.8% QoQ to ₹12.9 Crores, reflecting margin pressure.
Chemical segment volumes grew 27.9% in FY26, reaching 72,423 MT.
Company maintains a net-debt free status with a Net Debt/EBITDA of -0.05x.
👀 What to Watch
Investors should monitor the recovery of margins in the upcoming quarters and the commissioning of Ratnagiri Unit 5 and 6, which have faced external delays. The strong balance sheet and full-year growth are positive, but the sharp sequential decline in Q4 earnings warrants a cautious watch on near-term headwinds.
Shree Pushkar Chemicals Recommends ₹2.10 Final Dividend for FY26
Shree Pushkar Chemicals & Fertilisers has recommended a final dividend of ₹2.10 per share for the financial year ended March 31, 2026. This represents a 21% payout on the face value of ₹10 per share, subject to shareholder approval at the upcoming Annual General Meeting. Along with the dividend, the company approved its audited annual financial results for FY26 with an unmodified audit opinion. The board also confirmed the re-appointment of RMJ & Associates LLP as internal auditors for the 2026-27 fiscal year.
Key Highlights
Recommended a final dividend of ₹2.10 per equity share (21% of face value of ₹10).
Approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Statutory auditors issued an unmodified audit report for the full financial year.
Re-appointed M/s. RMJ & Associates LLP as Internal Auditors for FY 2026-2027.
Consolidated results now include new subsidiaries Dyecol Color Technologies and Dyecol Bangladesh.
👀 What to Watch
Investors should track the upcoming AGM date and record date to ensure eligibility for the ₹2.10 dividend. The unmodified audit report and dividend recommendation suggest stable financial health, but investors should review the detailed FY26 earnings for growth trends in the chemicals and fertilizer segments.
Shree Pushkar Chemicals FY26 Results: Board Recommends Rs 2.10 Dividend Per Share
Shree Pushkar Chemicals & Fertilisers has reported its audited financial results for the fiscal year ended March 31, 2026, alongside a dividend recommendation of Rs 2.10 per share (21%). The company's consolidated performance now accounts for new subsidiaries, Dyecol Color Technologies and Dyecol Bangladesh, which were added during the fiscal year. The statutory auditors have issued an unmodified opinion, confirming the reliability of the financial disclosures. Additionally, the board has re-appointed internal auditors for the 2026-27 period to maintain corporate governance standards.
Key Highlights
Recommended a dividend of Rs 2.10 per equity share (21% of face value) for FY 2025-26.
Consolidated results now include Dyecol Color Technologies (w.e.f. Sept 2025) and Dyecol Bangladesh (w.e.f. Nov 2025).
Statutory auditors issued an unmodified audit report for both standalone and consolidated financial results.
Re-appointed M/s. RMJ & Associates LLP as Internal Auditors for the 2026-27 financial year.
👀 What to Watch
The dividend recommendation indicates healthy cash flows; investors should review the detailed profit and loss statement to assess the margin contribution from the newly added subsidiaries.
Shree Pushkar Q3 FY26 Revenue Up 14.6% to ₹249 Cr; PAT Rises 13.5% to ₹18 Cr
Shree Pushkar Chemicals reported a 14.6% YoY revenue growth to ₹249 crores in Q3 FY26, led by a 38.1% increase in the chemical segment. Net profit grew 13.5% to ₹18 crores, although EBITDA margins softened to 8.9% due to doubling sulphur costs. The company remains debt-free with ₹176.75 crores in cash and is expanding its solar capacity to 20.6 MW. Promoters infused ₹30 crores via preferential allotment, signaling long-term confidence.
Key Highlights
Q3 FY26 revenue reached ₹249 crores, up 14.6% YoY, while 9M FY26 PAT surged 36% to ₹57 crores.
Chemical segment volumes grew 75.6% YoY, though fertilizer revenue fell 10.6% due to seasonal factors and high input costs.
Gross margins declined to 31.9% from 35.7% YoY as sulphur prices spiked from ~$280 to ~$560 per ton.
Unit 5 expansion is ready for trial production, pending an electricity connection expected in February 2026.
Maintained a strong cash position with ₹176.75 crores in deposits and zero external debt.
👀 What to Watch
Investors should monitor the commissioning of Unit 5 and the trend in sulphur prices, as these will be the primary drivers for near-term margin expansion. The company's debt-free status and promoter funding provide a high safety margin for long-term investors.
Shree Pushkar Reports 14.6% YoY Revenue Growth in Q3 FY26; PAT Up 13.5% to ₹18.1 Cr
Shree Pushkar Chemicals & Fertilisers reported a 14.6% YoY increase in Q3 FY26 revenue to ₹249 Cr, primarily driven by a 38.1% growth in the Chemicals segment. While PAT rose 13.5% to ₹18.1 Cr, EBITDA margins contracted to 8.9% from 10.3% in the previous year's quarter. The company is executing a massive ₹541 Cr capex plan, with Ratnagiri Units 5 and 6 scheduled for commissioning in Q4 FY26. Additionally, the company has expanded its international footprint by incorporating a subsidiary in Bangladesh.
Key Highlights
9M FY26 Revenue grew by 29.2% YoY to ₹759 Cr, with PAT increasing 36% to ₹57.2 Cr.
Chemicals segment volume surged 75.6% YoY in Q3 FY26, contributing 63% of total revenue.
Total planned capex of ₹541 Cr to add 4.5 lakh MTPA fertiliser and 72,000 MTPA chemical capacity.
Solar power capacity is being expanded from 9.5 MWDC to 20.6 MWDC for energy self-reliance.
Ratnagiri Unit 5 and Unit 6 expansions are on track for commissioning by the end of Q4 FY26.
👀 What to Watch
Investors should focus on the upcoming commissioning of the Ratnagiri units in Q4 FY26, which is expected to boost volumes. The promoter's continued participation in preferential allotments indicates strong internal confidence in the long-term growth strategy.
Shree Pushkar Q3 FY26 Revenue up 14.6% YoY to ₹248.9 Cr; PAT rises 13.5% to ₹18.1 Cr
Shree Pushkar Chemicals & Fertilisers reported a steady Q3 FY26 with consolidated revenue growing 14.6% YoY to ₹248.9 Cr, though EBITDA margins contracted to 8.9% from 10.3% YoY. The Chemical segment performed strongly with a 38.1% revenue jump, effectively offsetting a 10.6% decline in the Fertiliser segment. For the nine-month period (9M FY26), the company showed robust growth with revenue and PAT increasing by 29.2% and 36.0% respectively. Key growth catalysts include the upcoming commissioning of Ratnagiri units in Q4 FY26 and a significant expansion in solar capacity to 20.6 MWDC.
Key Highlights
Q3 FY26 Revenue grew 14.6% YoY to ₹248.9 Cr, while PAT increased 13.5% YoY to ₹18.1 Cr.
Chemical segment revenue surged 38.1% YoY to ₹156 Cr, driven by a 75.6% increase in sales volumes.
Fertiliser segment revenue declined 10.6% YoY to ₹93 Cr with volumes falling 23.7% during the quarter.
Ratnagiri Unit 5 and Unit 6 are scheduled for commissioning in Q4 FY26, providing a clear growth roadmap.
Solar power capacity is being expanded from 9.5 MWDC to 20.6 MWDC to improve energy self-reliance and sustainability.
👀 What to Watch
Investors should monitor the successful commissioning of the Ratnagiri units in Q4 FY26 as they are critical for the next phase of growth. While Q3 margins saw some pressure, the strong 9M performance and promoter confidence via preferential allotment suggest long-term stability.
Shree Pushkar Chemicals Q3 Net Profit Rises 13.5% YoY to ₹18.07 Cr; Revenue Up 14.6%
Shree Pushkar Chemicals & Fertilisers reported a steady Q3 FY26 performance with consolidated revenue growing 14.6% YoY to ₹248.86 crore. Net profit for the quarter increased by 13.5% YoY to ₹18.07 crore, though it remained nearly flat on a sequential basis. The company's nine-month performance is robust, with net profit surging 36% compared to the same period last year. Strategic moves include international expansion into Bangladesh and Iraq, alongside a pending merger of its fertilizer subsidiaries.
Key Highlights
Consolidated Revenue for Q3 FY26 increased 14.6% YoY to ₹24,886.02 Lakhs.
Net Profit for the quarter rose 13.5% YoY to ₹1,807.22 Lakhs from ₹1,592.12 Lakhs.
Nine-month FY26 Net Profit grew significantly by 36% YoY to ₹5,723.23 Lakhs.
Allotted 7,36,196 convertible warrants to the Joint MD at a price of ₹407.50 per warrant.
Expanding global footprint with new subsidiaries in Bangladesh and a new branch in Iraq.
👀 What to Watch
The strong nine-month growth and promoter-led warrant allotment at ₹407.50 signal management confidence. Investors should monitor the progress of the subsidiary merger and the scaling of new international operations.
Shree Pushkar Allots 7.36 Lakh Convertible Warrants to Promoter at Rs 407.50 Each
Shree Pushkar Chemicals & Fertilisers has approved the allotment of 7,36,196 fully convertible warrants to its Promoter and Joint Managing Director, Mr. Gautam Gopikishan Makharia. The warrants are issued at a price of Rs. 407.50 per unit on a preferential basis. The company has already received the mandatory 25% upfront subscription amount, totaling approximately Rs. 7.5 crores. This infusion of capital by the promoter signifies strong internal confidence in the company's long-term growth prospects.
Key Highlights
Allotment of 7,36,196 fully convertible warrants to Promoter Mr. Gautam Gopikishan Makharia
Issue price set at Rs. 407.50 per warrant, representing a significant capital commitment
Receipt of 25% upfront subscription amount totaling Rs. 7,49,99,968
Warrants are convertible into equity shares of face value Rs. 10 each within the statutory period
Preferential allotment follows approval from members in the EGM held on December 10, 2025
👀 What to Watch
The promoter's decision to increase their stake at Rs. 407.50 per share is a positive signal for long-term investors. Shareholders should monitor the deployment of the remaining 75% of funds for future expansion or debt reduction.
Shree Pushkar Chemicals EGM held on December 10, 2025
Shree Pushkar Chemicals & Fertilisers Limited held an Extraordinary General Meeting (EGM) on December 10, 2025, at 3:00 p.m. via video conferencing. The meeting concluded at 3:15 p.m. Key agenda items included an increase in the Authorised Share Capital and the issuance of Fully Convertible Warrants to the Promoter on a preferential basis. Members exercised their voting rights electronically, and the results will be announced within 2 working days.
Key Highlights
EGM held on December 10, 2025 at 3:00 p.m.
EGM concluded at 3:15 p.m.
Increase in Authorised Share Capital was discussed
Issue of Fully Convertible Warrants to the Promoter on Preferential Basis was discussed
👀 What to Watch
Shareholders should monitor the company's announcements for the voting results and details regarding the increase in authorized share capital and warrant issuance. Review the details of the warrant issuance to the promoter and assess its potential impact on the company's equity.
