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Shree Pushkar Chemicals & Fertilisers (BOM:539334) Financial Strength : 7 (As of Dec. 2023)


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What is Shree Pushkar Chemicals & Fertilisers Financial Strength?

Shree Pushkar Chemicals & Fertilisers has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Shree Pushkar Chemicals & Fertilisers's Interest Coverage for the quarter that ended in Dec. 2023 was 13.78. Shree Pushkar Chemicals & Fertilisers's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00. As of today, Shree Pushkar Chemicals & Fertilisers's Altman Z-Score is 2.77.


Competitive Comparison of Shree Pushkar Chemicals & Fertilisers's Financial Strength

For the Specialty Chemicals subindustry, Shree Pushkar Chemicals & Fertilisers's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shree Pushkar Chemicals & Fertilisers's Financial Strength Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shree Pushkar Chemicals & Fertilisers's Financial Strength distribution charts can be found below:

* The bar in red indicates where Shree Pushkar Chemicals & Fertilisers's Financial Strength falls into.



Shree Pushkar Chemicals & Fertilisers Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Shree Pushkar Chemicals & Fertilisers's Interest Expense for the months ended in Dec. 2023 was ₹-6 Mil. Its Operating Income for the months ended in Dec. 2023 was ₹85 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Shree Pushkar Chemicals & Fertilisers's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*84.682/-6.147
=13.78

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Shree Pushkar Chemicals & Fertilisers's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 6985.704
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Shree Pushkar Chemicals & Fertilisers has a Z-score of 2.77, indicating it is in Grey Zones. This implies that Shree Pushkar Chemicals & Fertilisers is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.77 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shree Pushkar Chemicals & Fertilisers  (BOM:539334) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Shree Pushkar Chemicals & Fertilisers has the Financial Strength Rank of 7.


Shree Pushkar Chemicals & Fertilisers Financial Strength Related Terms

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Shree Pushkar Chemicals & Fertilisers (BOM:539334) Business Description

Traded in Other Exchanges
Address
Sonawala Road, Office No. 301-302, 3rd Floor, Atlanta Center, Near Udyog Bhavan, Goregaon (East), Mumbai, MH, IND, 400063
Shree Pushkar Chemicals & Fertilisers Ltd is an India-based company that operates in the chemical business. It is involved in the manufacturing and trading of chemicals, dyes, and dyes intermediate, cattle feeds, fertilizers, and soil conditioners. It supplies its products to dye producers and merchant traders directly, as well as through dealers. It caters to the widest range of customers from the smallest of farmers to multinationals.

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