SHRE PUSH CHEM & FERT LTD

Manufactures speciality textile dyes, dyes intermediates, acids, fertilisers, and animal health & nutrition products, and operates captive solar power. The business operates 9 manufacturing facilities spread across Maharashtra, Madhya Pradesh, and Haryana, and is recognised as an export house with a branch in Iraq. Chemicals (textile dyes, dyes intermediates, acids) contributed 54% of FY26 revenue and fertilisers 46%; chemical segment volumes grew 27.9% in FY26 while fertiliser volumes fell 3%. Animals health & nutrition and captive power are smaller contributors. Raw materials (mainly sulphur and ammonia) are the largest input cost, accounting for 64% of revenue, and have become a major swing factor: sulphur prices roughly tripled to Rs. 100/kg and ammonia more than doubled to Rs. 100+/kg during FY26, partially offset by 30-40% hikes in finished-goods prices. Planned expansions include 4,50,000 MTPA of additional fertiliser capacity, 72,000 MTPA of additional chemical capacity, and 10 MW DC of additional solar capacity (taking the solar base to 20.6 MW DC), against total planned capex of Rs. 512 cr of which Rs. 189 cr has been spent.