Pratik Profile picture
Nov 16, 2021 β€’ 15 tweets β€’ 7 min read β€’ Read on X
A mega thread on Unique Zero Waste model company

Shree Pushkar Chemical & Fertilizer

Cmp - 228 rs
Mcap - 703 cr
Eps: 15.8
D/e: 0.24

𝑼𝒏𝒕𝒂𝒑𝒑𝒆𝒅 π‘·π’π’•π’†π’π’•π’Šπ’‚π’. 𝑨𝒍𝒍 𝒔𝒆𝒕 𝒕𝒐 π’‡π’π’š π’‰π’Šπ’ˆπ’‰

Thread (1/n)πŸ‘‡
2/n)🎯About Company -

πŸ”ΈShree Pushkar Chemicals & Fertilizers founded in 1994 is an established market leader in the manufacturing of dyes & dyes intermediates and 4th largest SSP fertilizer player in India.

πŸ”ΈCompany is engaged into following different business verticalsπŸ‘‡
🎯Lets first understand -

Q) What are dyes & dye intermediates?πŸ€”
πŸ‘‰Dyes are nothing but organic compound that gives a permanent colour to your clothes,leather,etc
Eg -Reactive dyes
&
πŸ‘‰Dye intermediates act as a raw material to produce this dyestuff
Eg -Vinyl sulphone,H-acid
🎯Strength of Shree Pushkar -

βœ… Fully backward and forward integrated
βœ…Unique zero waste model
βœ… Turnaround Acquisitions
βœ…Debt light with strong operating Cashflows
βœ…Own Power generation
βœ… Capacity expansion funded through internal accuruals
βœ… Diversified Product Mix
♦️Business model -
πŸ‘‰It works in 5 different business and its sub products with applications are mentioned in below image

🎯Revenue mix
Dyestuff and dye intermediates contributes 52% to the revenue and
rest 48% comes from fertilizers and its allied products.
Future Growth Prospect -

⭐Unit 5 expansion-

πŸ‘‰At planned capex of 90 cr, Company will be doubling its entire dyestuff & dye intermediates capacities from 14000 Mtpa to 30000 Mtpa

πŸ‘‰It is expected to get commisioned by Jan 2022 which would add 225 cr to its topline for Fy23
⭐In 2020, Company acquired 100% stake in Madhya Bharat Phospate limited at cost of 28 cr which would now contribute 100 Cr to its sales going forward.

Post these takeover, Pushkar becomes one of the India's largest manufacturer of Single super phospate (SSP- a fertilizer)
⭐With capex of 21 cr, Company is setting up 2 Solar power plants which would save its power cost considerably and would effectively add 6 cr to the the bottom-line per annum which would be operational in H2 Fy22.
Financial Performance :

πŸ”₯Shree Pushkar delivered outstanding set of numbers for Q2 Fy22 both in terms of yoy and qoq basis

βœ…Sales grew by 77%⏫ Yoy
βœ…Ebitda margin improved by 150bpsπŸ”Ό Yoy
βœ…Pat up by 115%⏫ Yoy
Financial Statements :

πŸ”ΈEven after heavy capex of around 120 Cr, Company is sitting on liquid cash worth 86 cr with hardly any debt.
πŸ”ΈOCF/Ebitda remains very healthy at 95%
🌠Outlook -

πŸ”ΈUnit 5 expansion in dyes will be a major driver for its growth in Fy23

πŸ”ΈFor Fy23,Pushkar is all set to deliver strong sales of almost 800 cr backed by Volume growth.

πŸ”ΈStrong presence in fertilizer pan India basis would add meaningfully to its sales
πŸ”ΈFor Fy22, Expect it to clock sales of 550 cr with an eps of 21

πŸ”ΈFor Fy23, Company is well poised to grow at 40% taking its sales to 800 cr with Roce of 24% with an eps of 26.

πŸ”ΈAt cmp of 228, the company is trading at forward pe of merely 8.5

#hiddengem
πŸ‘‰Point to Note :

♦️Prices of its key dye intermediates namely Vinyl sulphone & H acid have shot up to 400 & 600 Rs respectivelyπŸ”Ό

♦️Q3 Fy22 would be one of the best quarter backed by strong price realisation

⭐Promoter's have issued warrant to themselves at price of 190/share
Btw,Do you know?

πŸ”₯Growth in textile is directly proportional to growth in dyes🌠

♦️80% of dyes is extensively used in textiles
Thats the end to thread of Shree Pushkar chemicals

If you find the thread helpful. Do like,follow & retweet for maximum reach

This would encourage me to bring more such high growth ideas,only at right valuations

@RaviMultani7
@Jai0409 @wizard_untamed @nakulvibhor @cobbervipul

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with Pratik

Pratik Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Journey2Wealth_

Oct 2, 2022
A thread on India's largest Plastic Waste Bottle Recycler

♻️GANESHA ECOSPHERE♻️

Cmp 628 rs
Mcap 1370 Cr
Eps 40.4
P/e 15.6
ROCE 12%

π‘»π’–π’“π’π’Šπ’π’ˆ π’˜π’‚π’”π’•π’† π’Šπ’π’•π’ π’˜π’†π’‚π’π’•π’‰

Thread🧡
Company Info-
♻️Ganesha Ecosphere Ltd is one of the leading PET Waste Recycling company in India.

➑️It is engaged in the business of converting PET bottle waste into Recycled Polyster Stable Fiber (RPSF or Rpet fibre) and Recycled Polyster Stable Yarn (RPSY).
β–ͺ️Let's understand its business model in simple terms

What it actually does?
➑️They collect discarded waste Plastic Bottles through its Pan India Network & recycle it into value added products like Polyster stable fiber & spun yarn i.e (RPSP & RPSY)

Manufacturing process ⬇️
Read 23 tweets
Sep 25, 2021
A mega thread on
MEGHMANI FINECHEM LIMITED

Cmp ~ 708 Rs as on 25 Sep 2021
Mrkt Cap - 2944 Cr
Eps - 24.5
Roce ~ 16%

π‘»π’“π’‚π’π’”π’‡π’π’“π’Žπ’‚π’•π’Šπ’π’ π’‡π’“π’π’Ž π‘©π’‚π’”π’Šπ’„ π‘ͺπ’‰π’†π’Žπ’Šπ’„π’‚π’ 𝒕𝒐 𝒂 𝒗𝒂𝒍𝒖𝒆 𝒂𝒅𝒅𝒆𝒅 π’”π’‘π’†π’„π’Šπ’‚π’π’Šπ’•π’š π‘ͺπ’‰π’†π’Žπ’Šπ’„π’‚π’π’”

1/n ThreadπŸ‘‡
Meghmani Finechem Limited (MFL) founded in 2007, is
recognised as one of the leading
producers of π‘ͺ𝒉𝒍𝒐𝒓 π‘¨π’π’Œπ’‚π’π’Š 𝒂𝒏𝒅 π’Šπ’•π’” π’…π’†π’“π’Šπ’—π’‚π’•π’Šπ’—π’†π’” with backward and forward
integration facilities.

2/n
π–π‘πšπ­ 𝐒𝐬 𝐂𝐑π₯𝐨𝐫 𝐀π₯𝐀𝐚π₯𝐒?
π‘ͺ𝒉𝒍𝒐𝒓-π’‚π’π’Œπ’‚π’π’Š π’‘π’“π’π’„π’†π’”π’”π’Šπ’π’ˆ π’Šπ’” π’†π’”π’”π’†π’π’•π’Šπ’‚π’π’π’š 𝒕𝒉𝒆 π’†π’π’†π’„π’•π’“π’π’π’šπ’”π’Šπ’” 𝒐𝒇 π’”π’π’…π’Šπ’–π’Ž π’„π’‰π’π’π’“π’Šπ’…π’† (𝑡𝒂π‘ͺ𝒍), π’˜π’‰π’Šπ’„π’‰ π’ˆπ’Šπ’—π’†π’” 𝒐𝒖𝒕 π‘ͺπ’‰π’π’π’“π’Šπ’π’†, π‘―π’šπ’…π’“π’π’ˆπ’†π’ & π‘ͺπ’‚π’–π’”π’•π’Šπ’„ 𝑺𝒐𝒅𝒂
Read 19 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(