📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
0 analysed today
FollowTelegram
0
Today
152,139
All-time analysed
43,645
Positive
6,747
Negative
92,898
Neutral
8,781
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
38 announcements match the current filters (relevance ≥ 5).
Deepak Fertilisers Receives ₹74.89 Crore Tax Demand; Company to Appeal
Deepak Fertilisers and Petrochemicals Corp Ltd has received a tax demand order totaling ₹74.89 crore from the Deputy Commissioner of State Tax, Pune. The demand consists of ₹31.04 crore in tax, ₹36.09 crore in interest, and ₹7.76 crore in penalties related to MVAT disputes. The conflict arises from the tax department applying a 13.5% rate on natural gas sales to a subsidiary, while the company contends a 3% rate is applicable. The company has stated the demand is not tenable and intends to challenge the order in an appropriate legal forum.
Key Highlights
Total tax demand of ₹74,89,20,261 issued by Maharashtra State Tax authorities.
Breakdown includes ₹31.04 crore tax, ₹36.09 crore interest, and ₹7.76 crore penalty.
Dispute involves MVAT rate application (13.5% vs 3%) on natural gas sales to a subsidiary.
Company maintains there is no violation and will file an appeal against the order.
Management currently expects no material impact on financials or operations.
👀 What to Watch
Investors should monitor the progress of the legal appeal as the demand represents a significant contingent liability. No immediate panic is necessary as tax disputes are common and the company is actively contesting the claim.
Deepak Fertilizers Subsidiary Completes Acquisition of Chardham Chemicals for Rs 121.45 Cr
Deepak Mining Solutions Limited (DMSL), a wholly-owned subsidiary of Deepak Fertilizers, has completed the 100% acquisition of Chardham Chemicals Private Limited (CCPL) for Rs 121.45 crores. CCPL is an explosives manufacturer that reported nil turnover for the last three financial years, indicating it may be a pre-operative or asset-heavy entity. The acquisition is strategically aimed at providing a full range of explosives to enhance mine productivity and support export growth, particularly to DMSL's Australian subsidiary. The transaction was settled via cash and concluded on May 6, 2026.
Key Highlights
Acquisition of 100% equity stake in Chardham Chemicals Private Limited for Rs 121.45 Crores.
Target entity is an explosives manufacturer incorporated in 2021 with nil turnover in FY23, FY24, and FY25.
Strategic intent to leverage CCPL's products for the Total Cost of Ownership (TCO) model in mining services.
Expansion of export capabilities to the company's 100% owned mining servicing subsidiary in Australia.
Transaction completed through wholly-owned subsidiary Deepak Mining Solutions Limited (DMSL).
👀 What to Watch
Investors should view this as a long-term strategic move to strengthen the mining solutions vertical, though the immediate impact on earnings may be limited given the target's current nil turnover. Monitor the timeline for operationalizing CCPL's assets and its contribution to export revenue.
ICRA Reaffirms DEEPAKFERT Ratings at AA-; Outlook Revised to Watch on Gas Supply Risks
ICRA has reaffirmed Deepak Fertilizers' long-term rating at [ICRA]AA- but shifted the outlook from 'Positive' to 'Watch with Developing Implications' due to geopolitical tensions in West Asia disrupting gas supplies. The company is currently executing a massive Rs. 4,700 crore capex for TAN and Nitric Acid plants, with Rs. 2,936 crore already invested as of December 2025. While near-term profitability faces pressure from volatile ammonia and gas prices, the commencement of the Equinor gas contract in May 2026 is expected to stabilize supply and improve margins from FY2027 onwards.
Key Highlights
Long-term rating reaffirmed at [ICRA]AA-; outlook revised to 'Watch with Developing Implications' from 'Positive'.
Executing Rs. 4,700 crore debt-funded capex for TAN (Gopalpur) and Nitric Acid (Dahej) projects, with Rs. 2,936 crore spent by Dec 2025.
Equinor gas contract starting May 2026 is expected to meet entire gas requirements and provide surplus for trading.
West Asia conflict cited as a primary risk factor for ammonia production and input cost volatility in the near term.
ITAT ruled in favor of subsidiary MAL regarding a significant Rs. 580.82 crore income tax demand, reducing legal overhang.
👀 What to Watch
Investors should monitor the timely commissioning of the Gopalpur and Dahej projects by Q1 FY2027 and the successful commencement of the Equinor gas contract in May 2026. While the 'Watch' status indicates near-term geopolitical risks, the company's strong market position in TAN and Nitric Acid remains a long-term positive.
Deepak Fertilizers Novates 15-Year LNG Supply Agreement for 0.65 MTPA to Subsidiary
Deepak Fertilizers has transferred its long-term LNG supply agreement with Equinor ASA to its Singapore-based wholly-owned subsidiary, Deepak Globalchem PTE. LTD (DGPL). The arrangement secures an annual supply of up to 0.65 million tonnes of LNG for a 15-year period starting in 2026. While the subsidiary assumes the buyer's obligations, the parent company will provide corporate guarantee support. This move likely streamlines international procurement operations without changing the original commercial terms.
Key Highlights
Novation of LNG Sale and Purchase Agreement (SPA) from parent to subsidiary DGPL
Secures annual supply of up to 0.65 million tonnes of LNG
Agreement duration is 15 years, commencing from the year 2026
Maintains identical commercial terms as the original February 2024 agreement
Deepak Fertilizers to provide corporate guarantee support for the subsidiary
👀 What to Watch
This is a procedural transfer of an existing contract to a subsidiary and does not alter the company's fundamental outlook. Investors should continue to monitor the company's feedstock cost management as these supplies begin in 2026.
Deepak Fertilizers to Invest ₹5 Crore for 26% Stake in First Energy 11 for Captive Hybrid Power
Deepak Fertilizers has entered into a Share Subscription and Shareholders Agreement to invest ₹5 crore in First Energy 11 Private Limited. This investment will secure a minimum 26% equity stake (along with other captive users) to facilitate Wind-Solar Hybrid power for captive consumption. The move is designed to achieve long-term cost efficiencies in power procurement while significantly advancing the company's sustainability and carbon reduction goals. The transaction is conducted at arm's length and is not a related party transaction.
Key Highlights
Investment of ₹5,00,00,000 (₹5 Crore) for equity subscription in First Energy 11 Private Limited.
Acquisition of at least 26% stake to qualify for captive power consumption under the Electricity Act, 2003.
Agreement enables long-term access to renewable Wind-Solar Hybrid power.
Strategic focus on reducing operational costs and improving the company's ESG profile.
👀 What to Watch
Investors should view this as a positive move towards operational efficiency and ESG compliance. While the investment amount is small, the long-term impact on power cost stability is beneficial for margins.
Deepak Fertilisers Q3 FY26: Revenue Up 10% to ₹2,830 Cr, PAT Drops 34% Amid Cost Pressures
Deepak Fertilisers reported a 10% Y-o-Y revenue growth to ₹2,830 crores for Q3 FY26, though adjusted PAT declined 34% to ₹141 crores due to higher raw material costs and unseasonal rains impacting mining and farming. The Crop Nutrition segment showed resilience with 26% revenue growth, while Mining Chemicals volumes remained flat. Management highlighted that major capex projects in Gopalpur and Dahej are nearing completion (91% and 79% respectively), with commissioning expected in Q1 FY27 to drive future margins.
Key Highlights
Consolidated Q3 revenue rose 10% Y-o-Y to ₹2,830 crores, while YTD revenue reached ₹8,495 crores.
EBITDA for the quarter fell 27% Y-o-Y to ₹353 crores, pressured by high ammonia prices and weak IPA realizations.
Gopalpur TAN project is 91% complete and Dahej acid project is 79% complete, both slated for Q1 FY27 commissioning.
Specialty fertilizers and Croptek now contribute 30% of Crop Nutrition revenue, up from previous quarters.
Net debt-to-EBITDA stands at 2.27x with total net debt at ₹4,021 crores as the company nears the end of its capex cycle.
👀 What to Watch
Investors should focus on the upcoming commissioning of the Gopalpur and Dahej projects in Q1 FY27, which are expected to be significant margin catalysts. While current earnings are impacted by raw material volatility, the shift toward specialty products and long-term LNG contracts provides a positive medium-term outlook.
Deepak Fertilizers Shareholders Approve Appointment of Four Independent Directors
Shareholders of Deepak Fertilizers have overwhelmingly approved the appointment and re-appointment of four Independent Directors via a postal ballot process. Dr. Purvi Mehta Bhatt was appointed as an Independent Woman Director with 99.99% of votes in favor. Additionally, the re-appointments of Mr. Sanjay Gupta, Mr. Sitaram Kunte, and Mr. Terje Bakken were cleared with approval ratings exceeding 99%. This ensures continuity in the company's board leadership and maintains high standards of corporate governance.
Key Highlights
Appointment of Dr. Purvi Mehta Bhatt as Independent Woman Director approved with 99.9985% votes in favor.
Re-appointment of Mr. Sanjay Gupta as Independent Director secured 99.9741% shareholder support.
Mr. Sitaram Kunte and Mr. Terje Bakken re-appointed with 99.2857% and 99.9744% approval respectively.
Total valid votes cast for the resolutions reached approximately 81.61 million shares.
All resolutions were passed as Special Resolutions with the requisite majority on January 29, 2026.
👀 What to Watch
Investors should view the high approval rates as a positive sign of shareholder confidence in the company's leadership. No immediate portfolio changes are required as these are routine governance matters.
Deepak Fertilisers Q3 Revenue Rises 10% to ₹2,830 Cr; PAT Drops 44% on Margin Pressure
Deepak Fertilisers reported a mixed Q3 FY26 with revenue growing 10% YoY to ₹2,830 Cr, driven by the Crop Nutrition and Mining Chemicals segments. However, profitability was significantly impacted as EBITDA fell 27% YoY to ₹353 Cr and PAT dropped 44% to ₹141 Cr, primarily due to rising raw material costs like Ammonia and pricing pressure in Industrial Chemicals. The company is currently executing a large ₹4,650 Cr capex plan for TAN and Nitric Acid, with commissioning expected in Q1 FY27. While debt has increased to ₹4,429 Cr to fund expansion, the company maintains a strong market position in its core verticals.
Key Highlights
Q3 FY26 Revenue increased 10% YoY to ₹2,830 Cr, while YTD FY26 Revenue grew 12% to ₹8,495 Cr.
Operating EBITDA margins contracted sharply to 12% in Q3 FY26 from 19% in the previous year.
Industrial Chemicals revenue fell 20% YoY due to a significant drop in IPA prices and extended shutdowns for trials.
Crop Nutrition Business (CNB) revenue grew 26% YoY, supported by a 13% volume growth in ANP and Smartek products.
Net Debt increased to ₹4,020 Cr as of Dec 2025 to support ongoing strategic capex of ₹4,650 Cr.
👀 What to Watch
Investors should remain cautious due to significant margin contraction caused by rising Ammonia prices and weak IPA realizations. Long-term value depends on the successful commissioning of the Gopalpur TAN and Dahej Nitric Acid projects in early FY27.
Deepak Fertilisers Q3 Net Profit Drops 84% YoY; Board Approves Closure of 300 TPD Methanol Plant
Deepak Fertilisers reported a sharp decline in standalone net profit for Q3 FY26, falling to ₹10.78 crore from ₹66.92 crore in the same period last year. Revenue from operations also saw a significant contraction, dropping 22.7% YoY to ₹401.18 crore. In a strategic move, the board approved the permanent closure and dismantling of its 300 TPD Methanol Plant, which has been idle since August 2021. This rationalization is intended to free up land for more efficient brownfield projects and improve the company's environmental sustainability profile.
Key Highlights
Standalone Net Profit plummeted 83.9% YoY to ₹10.78 crore in Q3 FY26.
Revenue from operations declined to ₹401.18 crore compared to ₹519.05 crore in Q3 FY25.
Board approved dismantling of the 300 TPD Methanol Plant to free up land for future growth projects.
Standalone EPS for the quarter fell to ₹0.85 from ₹5.30 in the previous year's corresponding quarter.
Major subsidiaries reported a combined net loss of ₹26.73 crore for the nine-month period ending December 2025.
👀 What to Watch
Investors should exercise caution as the company faces significant pressure on both top-line and bottom-line growth. The stock may face short-term headwinds, and focus should remain on management's plans for the newly available land and recovery in subsidiary performance.
Deepak Fertilizers Q3 Net Profit Slumps 84% YoY to ₹10.78 Cr; To Dismantle Methanol Plant
Deepak Fertilizers reported a weak set of numbers for Q3 FY26, with standalone net profit crashing 83.9% YoY to ₹10.78 crore. Revenue from operations declined by 22.7% YoY to ₹401.18 crore, reflecting significant margin pressure. On a consolidated basis for the nine-month period, the company reported a net loss of ₹26.73 crore. Additionally, the board approved the permanent closure and dismantling of its 300 TPD Methanol Plant, which has been non-operational since 2021, to free up land for potential brownfield expansion.
Key Highlights
Standalone Net Profit for Q3 FY26 fell 83.9% YoY to ₹10.78 crore from ₹66.92 crore.
Standalone Revenue from operations decreased 22.7% YoY to ₹401.18 crore.
Consolidated 9M FY26 performance resulted in a net loss of ₹26.73 crore on revenues of ₹6,801.11 crore.
Standalone EPS dropped significantly to ₹0.85 in Q3 FY26 from ₹5.30 in Q3 FY25.
Board approved dismantling of the 300 TPD Methanol Plant at K1 Unit to repurpose land for future growth projects.
👀 What to Watch
Investors should exercise caution as the sharp decline in profitability and consolidated losses indicate operational headwinds. The stock may face downward pressure in the short term, and recovery will depend on the execution of new projects on the freed-up land.
Deepak Fertilisers Receives Revised Tax Demand Order of ₹95.61 Crore
Deepak Fertilisers and Petrochemicals Corporation Limited has received a revised order from the Joint Commissioner of State Tax (Appeals), Pune. The total demand is now ₹95.61 crores, which includes a tax component of ₹34.38 crores, interest of ₹56.28 crores, and a penalty of ₹4.94 crores. The order follows an appeal that successfully reduced the original tax demand from ₹40.44 crores and the penalty from ₹5.62 crores. The company maintains that the demand is not tenable and intends to challenge the order at a higher forum.
Key Highlights
Total revised demand stands at ₹95.61 crores including tax, interest, and penalty.
Tax demand reduced from ₹40.44 crores to ₹34.38 crores following the first appeal.
Interest and penalty components were reduced to ₹56.28 crores and ₹4.94 crores respectively.
The dispute relates to Input Tax Credit (ITC) disallowance due to non-reflection in GSTR2A.
Company plans to challenge the order at an appropriate forum and claims no material financial impact.
👀 What to Watch
Investors should monitor the outcome of the next level of appeal as the total demand of ₹95.61 crore is significant, though the company is currently contesting it.
Deepak Fertilisers Receives Tax Appeal Order Reducing Total Demand to ₹95.61 Crore
Deepak Fertilizers has received an order from the Joint Commissioner of State Tax (Appeals), Pune, which reduced a previous tax demand to a total of ₹95.61 crore. The revised demand consists of ₹34.38 crore in tax, ₹56.28 crore in interest, and ₹4.94 crore in penalties. The dispute stems from the disallowance of Input Tax Credit (ITC) due to non-reflection in GSTR2A. The company intends to challenge this order at a higher forum, maintaining that the demand is not tenable and will not have a material impact on current operations.
Key Highlights
Total tax demand reduced to ₹95,60,58,493 following a first appeal order.
Tax component specifically reduced from ₹40.44 crore to ₹34.38 crore.
Interest and penalty components stand at ₹56.28 crore and ₹4.94 crore respectively.
The dispute relates to disallowed Input Tax Credit (ITC) and GSTR2A discrepancies.
Company to challenge the order at an appropriate forum, citing the demand as untenable.
👀 What to Watch
Investors should monitor the progress of the appeal as the interest component is significant, though management expects no material financial impact. No immediate action is required as this is part of ongoing tax litigation.
Deepak Fertilisers Wins Income Tax Appeal for ₹215 Crore Disputed Income
Deepak Fertilisers has received a favorable ruling from the Commissioner of Income Tax (Appeals), Mumbai, regarding long-standing tax disputes. The appeals cover Assessment Years 2013-14 to 2018-19, involving a total disputed taxable income of ₹215 Crores. The company had previously contested these demand orders, and the current ruling validates the management's stance that the disallowances were legally defendable. This resolution significantly reduces potential tax liabilities and clears a major legal overhang for the company.
Key Highlights
Commissioner of Income Tax (Appeals) allowed appeals for six assessment years from 2013-14 to 2018-19
The total disputed taxable income involved in the successful appeals is ₹215 Crores
The favorable order was officially received by the company on January 8, 2026
This resolution addresses tax issues previously disclosed in the 2021 financial statements
👀 What to Watch
Investors should view this as a positive development that strengthens the balance sheet by reducing contingent liabilities. No immediate action is required, but the removal of this legal uncertainty is a favorable tailwind for the stock.
Deepak Fertilizers Appoints Dr. Purvi Mehta Bhatt and Re-appoints 3 Independent Directors
Deepak Fertilizers has announced the appointment of Dr. Purvi Mehta Bhatt as an Independent Woman Director for a 3-year term starting January 1, 2026. The company also approved the re-appointment of three existing Independent Directors—Mr. Sanjay Gupta, Mr. Sitaram Kunte, and Mr. Terje Bakken—for second terms of 5 years each. These directors bring extensive experience in global agriculture, hydrocarbons, public administration, and international plant nutrition. The appointments are subject to shareholder approval and aim to maintain board continuity and strategic depth.
Key Highlights
Dr. Purvi Mehta Bhatt appointed as Independent Woman Director for a 3-year term starting Jan 1, 2026.
Mr. Sanjay Gupta and Mr. Sitaram Kunte re-appointed for 5-year terms effective Feb 2, 2026.
Mr. Terje Bakken re-appointed for a 5-year term starting Feb 20, 2026.
Appointees bring over 30 years of leadership experience each across sectors like agriculture, climate change, and infrastructure.
Board changes are subject to shareholder approval through a postal ballot process.
👀 What to Watch
Investors should view these appointments as a positive move for corporate governance and long-term strategic stability. No immediate portfolio action is required based on these routine board updates.
Deepak Fertilizers Subsidiary to Acquire 100% Stake in Explosives Manufacturer
Deepak Mining Solutions Limited (DMSL), a wholly-owned subsidiary of Deepak Fertilizers, has entered into an agreement to acquire 100% equity of an undisclosed explosives manufacturer. The acquisition is a cash deal intended to bolster exports of value-added products from the upcoming Gopalpur Technical Ammonium Nitrate (TAN) plant. The transaction is expected to be completed by April 15, 2026, and will also support the company's mining services subsidiary in Australia. While financial details remain confidential, the move signifies a strategic push into vertical integration within the mining chemicals sector.
Key Highlights
Acquisition of 100% equity shares in an explosives manufacturing entity via subsidiary DMSL.
The deal is a pure cash consideration with a completion deadline of April 15, 2026.
Strategic alignment with the upcoming Gopalpur TAN plant to drive exports of differentiated products.
Synergistic benefits expected for the company's 100% owned Mining Services subsidiary in Australia.
👀 What to Watch
Investors should monitor for future disclosures regarding the acquisition cost and the target's revenue to evaluate the deal's valuation. The move is fundamentally positive as it strengthens the company's export capabilities and global mining footprint.
Deepak Fertilizers' Subsidiaries Receive Income Tax Demand Orders Totaling ₹106.67 Crore
Deepak Fertilizers' material subsidiaries, Deepak Mining Solutions (DMSL) and Mahadhan AgriTech (MAL), have received income tax demand orders totaling approximately ₹106.67 crore. The largest demand of ₹89.57 crore against DMSL for AY 2022-23 is attributed to the non-consideration of tax credits and TDS worth ₹81.96 crore related to a demerged business. Additional demands for AY 2024-25 include ₹14.92 crore for DMSL and ₹2.18 crore for MAL. The company maintains that these demands are erroneous and procedural in nature, expecting no actual financial impact as they pursue rectification and clarification.
Key Highlights
Deepak Mining Solutions Limited received a demand of ₹89.57 crore for AY 2022-23 due to non-consideration of demerger-related tax credits.
DMSL faced an additional demand of ₹14.92 crore for AY 2024-25 involving a TDS credit discrepancy of ₹12.18 crore.
Mahadhan AgriTech Limited received a demand order of ₹2.18 crore for AY 2024-25.
Total tax demand across subsidiaries stands at approximately ₹106.67 crore.
Company is filing for rectification and clarification, stating there is no immediate impact on financials or operations.
👀 What to Watch
Investors should monitor the outcome of the rectification filings to ensure these tax demands are successfully resolved without cash outflows. The issue appears to be a technical reconciliation matter following a demerger rather than a fundamental business risk.
DEEPAKFERT: Order related to CGST Appeals; Penalty reduced to ₹18.29 Lakh
Deepak Fertilizers has received an order from the Joint Commissioner (CGST Appeals) regarding appeals against a demand order. The JC-Appeals directed the AO to re-determine the demand under section 73 instead of section 74. The interest of ₹4,57,129 was set aside, and the penalty was reduced from ₹1,82,88,216 to ₹18,28,821. The company plans to challenge the order before the GST Tribunal, maintaining that the demand is not tenable.
Key Highlights
Demand order initially at ₹1,82,88,216
Interest set aside: ₹4,57,129
Penalty reduced to ₹18,28,821 from ₹1,82,88,216
Order date: 08-10-2025
👀 What to Watch
Investors should monitor further developments in the GST Tribunal proceedings. The company believes the demand is not tenable and is pursuing further legal action.
DEEPAKFERT: Order related to CGST Appeals; Penalty reduced to ₹18.29 Lakh
Deepak Fertilizers has received an order from the Joint Commissioner (CGST Appeals) regarding appeals against a demand order. The JC-Appeals directed the AO to re-determine the demand under section 73, set aside interest of ₹4,57,129, and reduced the penalty from ₹1,82,88,216 to ₹18,28,821. The company views the demand as not tenable and plans to challenge the order before the GST Tribunal.
Key Highlights
Interest of ₹4,57,129 set aside.
Penalty reduced from ₹1,82,88,216 to ₹18,28,821.
Original demand was ₹1,82,88,216.
Reduced basic demand to Rs. 1,72,38,216/-
👀 What to Watch
Investors should monitor the progress of the company's appeal before the GST Tribunal. The outcome could impact the company's financials.
