Shares of India’s leading producer of dyes, dye intermediates, and fertilisers as well as its top 5 manufacturer of single super phosphate climbed by 7% on Wednesday.
With a market capitalization of Rs 627 crore, Shree Pushkar Chemicals & Fertilisers Ltd gained after the company started Sulphur Chemistry production in the new facility.
As per exchange filings, The Company started production of Sulphur Chemistry at its new facility, which has a capacity of 66000 MTPA for Sulphur Chemistry and its derivatives and 7200 MTPA for Dyes intermediates. In the future, the new factory will help the business extend its chemical presence worldwide as well as local sales.
At 1:25 pm, Shree Pushkar Chemicals & Fertilisers were quoting at Rs 197.75, up 5 percent.
Shree Pushkar Chemicals & Fertilisers Ltd is engaged in the business of manufacturing and trading of chemicals, dyes and dyes intermediates, cattle feeds, fertilisers, and soil conditioner.
In the last three months, the stock has gained 38 percent ranging from Rs 142 to current levels.
According to the company’s financial statement, Operating revenue climbed by 17 percent to Rs 180 crore in Q4 compared last quarter. In the same way, net profit increased by 140 percent to Rs 12 crore.
On a YoY comparison of the metrics, the revenues significantly improved by 17 percent from Rs 584 crore during FY 21-22 to Rs 684 crore in FY 22-23. Similarly, Net profit declined by 32 percent, from Rs 55 crore to 37 crore.
As per the latest shareholding pattern, promoters of the company hold a 68.6 percent stake, and retail investors hold a 28.92 percent stake in the company as of FY 22-23.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
