Deepak Fertilizers Share Price Target Forecast 2022, 2023, 2025, 2030

15 OCTOBER 2021

Hem Securities recommends Deepak Fertilizers based on fundamentals.

Deepak is a major manufacturer of fertilisers and petrochemicals in India. Its sales increased by more than 24% in FY21, and EBITDA quadrupled, while net profit increased by 4.6 times.

In addition, the firm has gained REACH registration, allowing it to export to the EU in the near future. Aside from that, it started making hand sanitizers, wipes, and rubbing alcohol based on IPA. In the previous 4-6 quarters, the promoter’s share has also been steadily raised.

Moneycontrol.com is the source for this information.


12 November 2021

Deepak Fertilisers’ net profit increased by 16 percent to Rs 93 crore in the second quarter.

Deepak Fertilizers and Petrochemicals reported a 16 percent increase in consolidated net profit for the second quarter ended September, at Rs 93.33 crore, owing to higher profits. The Pune-based firm reported a net profit of Rs 80.55 crore in the same quarter of the previous fiscal, according to a regulatory filing.

In the second quarter of FY22, net income increased to Rs 1,803.93 crore, up from Rs 1,418.47 crore the year before. Expenses were Rs 1,669 crore in the reported period, compared to Rs 1,306.42 crore in the second quarter of FY11.

The company used the Qualified Institutional Placement (QIP) method to offer 1.24 crore shares for Rs 410 on October 22. On the BSE, the company’s shares finished at Rs 396.75, down 0.09 percent.

EconomicsTimes.com is the source for this information.


25 October, 2021

QIPs help Deepak Fertilisers raise Rs 510 crores.

Through a Qualified Institutions Placement (QIP) of equity shares, Deepak Fertilizers and Petrochemicals has raised Rs 510 crore. Smallcap World Fund, Government Pension Fund Global, Axis Mutual Fund, Fidelity, Avendus, and Societe Generale are among the issue’s participants, according to the firm.

Since its first public offering in 1982, this is the company’s first external equity financing. Over a lengthy period of time, the QIP garnered a robust response from institutional investors, including two of the world’s largest FIIs, Smallcap World Fund and Fidelity.

The company issued 1,24,39,029 equity shares at a minimum price of Rs 422.84 per share, and investors were assigned shares at a price of Rs 410 per share, a 2.95 percent reduction from the floor price. Was. Foreign portfolio investors bought 82 percent of the issued shares, mutual funds bought 13 percent, and alternative investment funds bought the remaining 5%.

The offering was handled by IIFL Securities and started on October 19 and concluded on October 22. J Sagar Associates served as the Indian legal counsel and Hogle Lovells Lee & Lee served as the international legal advisor.

EconomicsTimes.com is the source for this information.


11 August, 2021

Despite solid first-quarter results, Deepak Fertilisers & Petrochemicals Corporation is down 5%.

Deepak Fertilizers and Petrochemicals released its quarterly results on Tuesday for the period ending June 30, 2021.

From Rs 1,382 crore in the first quarter of FY11 to Rs 1,902 crore in the first quarter of FY12, the topline increased by 37.6% year on year to Rs 1,902 crore. Operating EBITDA of Rs 290 crore, up 6.7 percent from Rs 272 crore in the first quarter of FY21. In Q1FY22, net profit increased by 7.8% to Rs 131 crore, up from Rs 121 crore in Q1FY21.

Deepak Fertilizers and Petrochemicals Corp Ltd was trading at Rs 420.85 per piece at about 1.08 pm, down Rs 22.1 or 4.99 percent from its previous close of Rs 442.95 per piece on BSE.

In Q1FY22, the business reported it decreased net debt by roughly Rs 240 crore. Due to improved working capital management and sustained reductions in short-term debt, finance costs decreased by 22% year over year. Achieved highest-ever quarterly ANP and NPK output; 1.31 lakh MT sales of individual NPK (Smartek) products (+39 percent p.a. ); special fertiliser sales also grew considerably.

It further stated that TAN volumes increased by 11% year over year in Q1FY21 because to a lower base; Cement and infrastructure segment demand increased slowly QoQ due to the second wave of Covid. In Q1, major RM prices increased by 102 percent year over year (Ammonia, 49 percent; Phos Acid, 49 percent; RGP, 50 percent; MOP, 7 percent), with finished products prices likely to improve over the Was. It acquired the first export order from Central America for rubbing alcohol.

“We maintained a steady development trajectory in our operational and business performance, which genuinely lived up to our objectives,” stated Shailesh C Mehta, Chairman and Managing Director, despite the continuous hurdles from the second wave of COVID-19.

Mehta emphasised the gains made throughout the quarter:

  • “The firm continues to improve its collection performance, and the net debt position at the end of Q1FY22 was much lower, allowing for improved inventory management.”
  • In the first quarter of FY22, demand and supply were harmed by the lockdown imposed in some sections of the nation, while raw material costs surged dramatically. Our product portfolio’s versatility is confirmed by strong quarterly performance.

Looking Ahead:

  • We will continue to play an important role in nation building by providing high-quality and safe locally created tan products to the mining and infrastructure industries.
  • We are glad to report that the Government of India has granted our crop-specific grades NBS clearance. In the next Rabi season, we will introduce crop-specific ratings.
  • Once executed, balanced capex plans would greatly reinforce the company’s strong basis and aid in preserving and improving our regional leadership established over the previous 40 years.
  • Our efforts to transition from commodity to specialty in each industry are continuing apace, and are likely to have a favourable impact over the next few years.

Indiainfoline.com is the source for this information.


14 June, 2021

Deepak Fertilisers sets a new high, rising 51 percent in just six days.

Deepak Fertilizers and Petrochemicals increased 11.88 percent to Rs 445.10, extending its winning run to six trading days.

Deepak Fertilizers’ stock has increased 51.24 percent in six trading days since closing at Rs 294.30 on June 4, 2021. Today, the counter touched a new intraday high of Rs 456.40. From its 52-week low of Rs 99.86 on June 12, 2020, the stock has risen 345 percent.
Deepak Fertilizers has gained about 58 percent in the last month, compared to 7.72 percent for the Nifty 50 index.

The stock’s RSI (Relative Strength Index) was 86.674 on the technical front. The RSI fluctuates between zero and one hundred. When the RSI is over 70 and below 30, it is traditionally considered oversold.

At 277.35 and 231.06, the stock is trading above its 50 and 100 day simple moving averages, respectively. In the foreseeable future, these levels will serve as essential support zones.

Deepak is a fertiliser and petrochemicals producer. The firm recorded a 405.5 percent increase in net profit to Rs 113.29 crore on a consolidated basis, compared to a 21.8 percent increase in net sales from Q4 FY20 to Q4 FY21.

Business-standard source


03 June, 2021

Deepak Fertilisers is in negotiations with international companies about forming collaborations.

Deepak Fertilizers and Petrochemicals is in negotiations with numerous overseas corporations about future collaborations, according to the company’s chairman, since it wants to break its main operations into independent corporate entities.

SC Mehta told ET that big global companies are in negotiations with the company in all three of its core industries – industrial chemicals, fertilisers, and mining chemicals – and that the form of the relationship is being examined.

“We’re considering a number of possibilities.” “It appears that they are interested in India, and they believe that Deepak Fertilizers can provide a good foundation,” Mehta added. “Everyone wants to visit India, but it’s a bit of a hassle.” So, from that standpoint, nothing compares to this sort of contest.”

While negotiations are ongoing, a deal may not be completed right now.

Meanwhile, the firm has set aside Rs 1,500 crore for the construction of a new ammonia plant at its Taloja facility in Maharashtra, ensuring the supply of this critical raw material for all of its business areas. In the next two financial years, the facility would require an additional investment of Rs 2,750 crore, which will be funded through both debt and equity.

“Imports of ammonia from the Middle East would have reached around 4-4.5 lakh tonnes.” “We’ll save $75-80 per tonne on logistics costs with this new unit,” said Mehta, who is also the company’s managing director. He predicted that the project will have an internal rate of 18-20%.

In Odisha, the business would also invest in a 300,000-tonne-per-year greenfield technical ammonium nitrate (TAN) factory. The chemical is utilised in mining activities, and a factory in Odisha will put the corporation in close proximity to numerous eastern mining locations. According to Mehta, the factory will propel the firm to third place in the world’s tan production, up from fifth place today.

Deepak Fertilizers Group, including its 100 percent subsidiary Smartchem Technologies, is seeking to shift away from selling bulk chemicals like industrial chemicals and NPK fertilisers and toward delivering value-added end-products like nutrition baskets, according to Mehta. Was. For the mining sector, specialised crops, speciality chemicals, and explosives are available.

“We’re evolving from being product-centric to solution-focused across all three industries, but especially in the fertiliser industry, where we’re establishing unique crop-specific offers and building intellectual property and partnerships with farmers.” “There has been a change away from a manufacturing-focused business model toward a forward-integration-focused business model,” he added.

Deepak Fertilizers’ stock rose 4.14 percent to Rs 297.95 on the BSE on Wednesday, when the benchmark Sensex fell 0.16 percent.

EconomicsTimes.com is the source for this information.


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