Shree Pushkar Chemicals: ₹219 Cr Sales, 14 Offices, & the Dyes That Won’t Die

1. At a Glance

Shree Pushkar Chemicals & Fertilisers Ltd (SPCFL) is the chemical industry’s multitasker — making dyes, dye intermediates, fertilisers, and even textile chemicals, because why stop at one revenue stream when you can have four? With 14 offices, 600+ dealers, and a Q1 FY26 performance that’s more “solid mid-tier player” than “headline grabber,” the company posted ₹219 crore in sales and ₹16.54 crore in net profit. It’s the kind of quarter that won’t make CNBC shout, but it’ll make the CFO sleep well.

2. Introduction

If the chemicals sector is a Bollywood family, SPCFL is the dependable character actor. It’s not doing item songs like Bodal Chemicals with 610% profit jumps, nor is it the moody method actor like Kiri Industries with volatile swings.

Instead, SPCFL’s script is about consistent, slightly conservative growth — more like a Gujarati thali than a fusion dish: familiar, filling, but occasionally bland. Still, with a 60% stock price jump in the last year and a ROE of ~11.6%, this company is proving you can quietly make money without constantly being in the gossip columns.

3. Business Model (WTF Do They Even Do?)

SPCFL is