Deepak Fertilisers & Petrochemicals Corp Ltd
Deepak Fertilisers & Petrochemicals Corp Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 18.1%
Weaknesses
3- Stock is trading at 2.84 times its book value
- Company has a low return on equity of 11.6% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
Deepak Fertilisers & Petrochemicals Corp Ltd has a market cap of ~Rs 20,000 crore with a PE of 20.4x and trades at 2.94x book value. The company delivered strong long-term stock CAGR of 25% over 10 years but faces near-term profit stagnation with 0% TTM profit growth and declining 3-year ROE trend from 15% (5-year average) to 11% (last year).
- Strong long-term wealth creation with 10-year stock CAGR of 25%, significantly outperforming broader market indices
- TTM sales growth of 14% indicates improving revenue momentum after a flat 3-year compounded sales growth of just 1%
- Robust 5-year compounded profit growth of 13% demonstrates ability to grow earnings over medium-term cycles
- 10-year compounded profit growth of 25% reflects structural long-term earnings expansion capability
- Consistent dividend payout of 18.1% shows commitment to returning capital to shareholders
- 5-year compounded sales growth of 15% reflects solid top-line expansion over a meaningful period
- 5-year stock CAGR of 28% indicates sustained investor confidence and re-rating over medium term
- TTM compounded profit growth is 0%, indicating complete earnings stagnation in the most recent period
- 3-year compounded profit growth is negative at -15%, showing meaningful earnings decline over recent years
- ROE has declined from 15% (5-year average) to 11% (last year), indicating deteriorating capital efficiency
- Stock trades at 2.94x book value which is elevated for a company generating only 11% ROE, implying stretched valuations relative to returns
- Potential capitalization of interest costs raises concerns about true profitability and asset quality transparency
- 3-year compounded sales growth of just 1% suggests the top-line went through a prolonged period of stagnation
- Dividend yield of only 0.63% offers limited income cushion to investors during periods of capital depreciation
- 3-year ROE average of only 11.6% is below cost of equity for most investors, implying inadequate value creation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Record EBITDA and PAT in Q1 Jul 30
Q1FY27 EBITDA surged 65% YoY to ₹845 crore and PAT jumped 101% to ₹490 crore, with margins expanding from 19.3% to 26.0% driven by strong Mining and Industrial Chemicals realizations.
- Revenue up 22% YoY Aug 6
Consolidated revenue rose 22% YoY to ₹3,256 crore in Q1FY27, supported by LNG integration benefits and strong segment performance.
- Net debt improving to 1.4x Aug 6
Net debt reduced to ₹4,719 crore with leverage improving to 1.4x as major capacity expansions at Gopalpur and Dahej near completion.
- Investor meets in August Aug 7
Company will attend EMKAY Confluence 2026 on Aug 12 and Motilal Oswal 22nd Annual Global Investor Conference on Aug 19 in Mumbai. No UPSI will be shared.
- Q1FY27 earnings call held Jul 20
Management including Chairman and CFO hosted an earnings conference call on July 31, 2026 to discuss Q1FY27 results.
- Promoters confirm no encumbrance Jul 8
Promoters disclosed zero encumbrance on equity shares during FY 2025-26 under SEBI takeover regulations, signaling no pledging concerns.
TL;DR: Deepak Fertilisers delivered a standout Q1FY27 with record profitability, margin expansion, and improving leverage as capex projects near completion. No material headwinds are visible in recent news flow. The trend is clearly improving with operating leverage kicking in from LNG integration and capacity additions. Key forward risk to monitor is sustaining realizations in Mining and Industrial Chemicals segments.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,313 | 2,424 | 1,853 | 2,086 | 2,281 | 2,747 | 2,579 | 2,667 | 2,659 | 3,006 | 2,830 | 3,011 | 3,256 |
| Expenses | 2,032 | 2,138 | 1,570 | 1,648 | 1,817 | 2,253 | 2,093 | 2,187 | 2,146 | 2,542 | 2,477 | 2,657 | 2,411 |
| Operating Profit | 281 | 286 | 282 | 438 | 464 | 494 | 486 | 480 | 513 | 464 | 353 | 354 | 845 |
| OPM % | 12% | 12% | 15% | 21% | 20% | 18% | 19% | 18% | 19% | 15% | 12% | 12% | 26% |
| Other Income | 20 | 19 | 11 | 72 | 12 | 7 | 13 | 50 | 24 | 27 | 46 | 6 | 6 |
| Interest | 79 | 107 | 106 | 112 | 111 | 103 | 98 | 101 | 88 | 75 | 96 | 93 | 95 |
| Depreciation | 59 | 81 | 91 | 102 | 95 | 100 | 100 | 109 | 103 | 106 | 108 | 106 | 105 |
| PBT | 162 | 117 | 97 | 296 | 270 | 299 | 301 | 320 | 345 | 310 | 195 | 161 | 651 |
| Tax % | 30% | 46% | 37% | 22% | 26% | 28% | 16% | 13% | 29% | 31% | 27% | 13% | 25% |
| Net Profit | 114 | 63 | 61 | 230 | 200 | 214 | 253 | 278 | 244 | 214 | 141 | 139 | 490 |
| EPS in Rs | 8.72 | 4.76 | 4.56 | 17.83 | 15.49 | 16.64 | 19.86 | 21.96 | 19.26 | 16.89 | 11.21 | 11.04 | 38.82 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,808 | 4,309 | 4,150 | 5,995 | 6,742 | 4,685 | 5,808 | 7,663 | 11,301 | 8,676 | 10,274 | 11,506 | 12,104 |
| Expenses | 3,512 | 3,952 | 3,676 | 5,451 | 6,285 | 4,221 | 4,848 | 6,307 | 9,135 | 7,389 | 8,350 | 9,822 | 10,087 |
| Operating Profit | 297 | 358 | 474 | 544 | 457 | 465 | 961 | 1,356 | 2,165 | 1,287 | 1,925 | 1,684 | 2,016 |
| OPM % | 8% | 8% | 11% | 9% | 7% | 10% | 17% | 18% | 19% | 15% | 19% | 15% | 17% |
| Other Income | 37 | 71 | 13 | 23 | 54 | 95 | 27 | 44 | 84 | 123 | 81 | 103 | 85 |
| Interest | 111 | 130 | 121 | 173 | 229 | 243 | 188 | 155 | 195 | 404 | 413 | 353 | 359 |
| Depreciation | 124 | 122 | 135 | 163 | 171 | 214 | 212 | 233 | 239 | 334 | 403 | 424 | 425 |
| PBT | 98 | 177 | 230 | 230 | 110 | 103 | 588 | 1,013 | 1,816 | 672 | 1,189 | 1,010 | 1,316 |
| Tax % | 32% | 34% | 33% | 29% | 33% | 14% | 31% | 32% | 33% | 30% | 21% | 27% | — |
| Net Profit | 67 | 116 | 155 | 164 | 73 | 89 | 406 | 687 | 1,221 | 468 | 945 | 739 | 985 |
| EPS in Rs | 6.71 | 11.47 | 15.22 | 16.04 | 6.97 | 8.5 | 38.99 | 56.24 | 95.86 | 35.87 | 73.95 | 58.4 | 77.96 |
| Div. Payout % | 52% | 38% | 34% | 33% | 37% | 31% | 19% | 16% | 10% | 24% | 14% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 88 | 88 | 88 | 88 | 88 | 89 | 103 | 121 | 126 | 126 | 126 | 126 |
| Reserves | 1,384 | 1,439 | 1,928 | 1,958 | 2,010 | 2,092 | 2,600 | 3,764 | 4,941 | 5,416 | 6,110 | 6,718 |
| Borrowings | 1,384 | 1,970 | 2,013 | 3,532 | 3,032 | 3,015 | 2,593 | 2,656 | 3,699 | 4,149 | 4,152 | 5,670 |
| Other Liabilities | 584 | 957 | 1,019 | 1,413 | 1,988 | 1,735 | 1,865 | 2,204 | 2,655 | 2,226 | 2,516 | 3,973 |
| Total Liabilities | 3,440 | 4,454 | 5,048 | 6,991 | 7,118 | 6,931 | 7,161 | 8,744 | 11,421 | 11,917 | 12,905 | 16,488 |
| Fixed Assets | 1,384 | 1,317 | 2,056 | 2,189 | 2,209 | 2,712 | 2,621 | 2,644 | 2,678 | 6,258 | 6,292 | 6,157 |
| CWIP | 152 | 396 | 385 | 654 | 1,370 | 1,310 | 1,619 | 2,428 | 3,528 | 754 | 1,408 | 3,046 |
| Investments | 253 | 72 | 154 | 388 | 252 | 12 | 449 | 879 | 600 | 261 | 186 | 133 |
| Other Assets | 1,651 | 2,668 | 2,453 | 3,761 | 3,286 | 2,897 | 2,472 | 2,794 | 4,615 | 4,644 | 5,018 | 7,151 |
| Total Assets | 3,440 | 4,454 | 5,048 | 6,991 | 7,118 | 6,931 | 7,161 | 8,744 | 11,421 | 11,917 | 12,905 | 16,488 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -54 | -110 | 796 | -132 | 1,310 | 578 | 1,248 | 1,211 | 493 | 732 | 1,880 | 206 |
| Investing | -189 | -62 | -840 | -1,139 | -576 | -156 | -634 | -1,430 | -979 | -376 | -1,062 | -1,559 |
| Financing | 205 | 330 | -81 | 1,269 | -737 | -354 | -613 | 221 | 604 | -410 | -689 | 1,376 |
| Net Cash Flow | -38 | 157 | -125 | -1 | -3 | 69 | 1 | 3 | 118 | -54 | 129 | 24 |
| Free Cash Flow | -213 | -458 | 51 | -1,073 | 588 | 227 | 1,014 | 222 | -716 | -94 | 763 | -1,386 |
| CFO/OP | -8 | -22 | 179 | -12 | 293 | 128 | 148 | 113 | 48 | 81 | 120 | 28 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 131 | 115 | 120 | 76 | 99 | 58 | 30 | 55 | 62 | 57 | 74 |
| Inventory Days | 51 | 66 | 63 | 62 | 57 | 75 | 61 | 76 | 60 | 74 | 58 | 79 |
| Days Payable | 30 | 51 | 54 | 73 | 102 | 143 | 124 | 103 | 85 | 80 | 94 | 98 |
| Cash Conversion Cycle | 112 | 146 | 124 | 108 | 30 | 32 | -5 | 3 | 30 | 56 | 22 | 55 |
| Working Capital Days | 5 | 4 | -50 | -72 | -32 | -28 | -17 | -18 | 15 | 20 | 2 | 34 |
| ROCE % | 7% | 8% | 9% | 8% | 6% | 5% | 14% | 19% | 25% | 11% | 16% | 12% |
Documents
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Company Information
Incorporated in 1979, Deepak Fertilisers and Petrochemicals Corporation Ltd is in the business of fertlisers, agri services, bulk chemicals, mining chemicals and real estate[1]