🔍

DEEPAKFERT - Deepak Fertiliz.

📊 NSE: DEEPAKFERT 🏢 Chemicals 📅 Last Updated: 12/13/2025 21:27

📢 Recent Corporate Announcements

Deepak Fertilizers Subsidiary Faces ₹54.88 Lakh GST Penalty Order

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Apr 2026, 12:37 PM

Deepak Fertilizers' wholly owned subsidiary, Mahadhan AgriTech Limited (MAL), has received an order from the Assistant Commissioner of CGST & Central Excise, Raigad. The order demands a total of ₹54.88 lakh, comprising ₹27.44 lakh in tax and an equal amount as a penalty, due to the disallowance of CENVAT Credit. The company has stated that this order has no material impact on its financial or operational activities. Management intends to challenge the order at an appropriate legal forum, maintaining that the demand is not tenable.

Total demand of ₹54,88,146 raised against subsidiary Mahadhan AgriTech Limited
Demand includes ₹27,44,073 in tax and a penalty of ₹27,44,073 plus interest
The order pertains to the disallowance of CENVAT Credit by tax authorities
Company confirms no material impact on financials and plans to file an appeal

💡 The financial impact is negligible relative to the company's overall scale, so no immediate action is required. Investors should view this as a routine regulatory disclosure.

Deepak Fertilizers HR President Resigns; Naresh Pinisetti Appointed as Interim Head

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Apr 2026, 07:33 PM

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has announced the resignation of Mr. Romy Sahay, President – Human Resources, effective April 19, 2026. Mr. Sahay is departing to pursue external career opportunities. To ensure leadership continuity, the company has appointed Mr. Naresh Pinisetti, current President – Corporate Governance, to lead the HR function on an interim basis. Mr. Pinisetti is a veteran with over 30 years of experience and has previously served as the company's HR head.

Mr. Romy Sahay resigned as President – Human Resources effective April 19, 2026
Mr. Naresh Pinisetti takes additional interim charge of the HR function from April 20, 2026
Interim head Naresh Pinisetti brings over 30 years of experience in HR and Industrial Relations
Mr. Pinisetti previously held the HR President role at the company and has experience with Bayer and Vestas

💡 This is a routine management change in a non-operational role and does not impact the company's fundamentals. No immediate action is required from investors.

Deepak Fertilisers Clarifies Significant Volume Movement to BSE

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Apr 2026, 02:53 PM

Deepak Fertilisers and Petrochemicals Corporation Limited (DEEPAKFERT) has responded to a clarification request from BSE regarding a significant increase in trading volume. The company stated that it has been strictly complying with SEBI Regulation 30 and has disclosed all material information to the exchanges. Management confirmed there is no pending price-sensitive information or undisclosed announcements. The company attributed the recent volume movement to market-driven factors rather than internal corporate developments.

BSE sought clarification on April 16, 2026, regarding a significant spike in trading volume.
Company confirms full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Management states no undisclosed or pending announcements exist that could impact price/volume behavior.
The company clarified that the recent trading activity is entirely market-driven.

💡 This is a routine regulatory clarification and does not contain any new material information. Investors should continue to monitor the company's fundamental performance rather than short-term volume spikes.

Deepak Fertilisers Clarifies No Undisclosed Info Following Recent Trading Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 Apr 2026, 07:39 PM

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has responded to a clarification request from the National Stock Exchange regarding a significant increase in trading volume. The company stated that it is in full compliance with SEBI Regulation 30 and has disclosed all material information to the exchanges. Management confirmed there is no pending information or announcement that could impact the price or volume of its securities. The company maintains that the recent volume movement is purely market-driven.

NSE sought clarification on April 15, 2026, regarding a significant spurt in trading volume.
Company confirms strict compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Management states no undisclosed price-sensitive information is currently pending.
The surge in trading volume is attributed to market-driven factors rather than internal developments.

💡 Investors should view this as a routine regulatory clarification and avoid speculating on the volume surge. Focus should remain on the company's quarterly performance and fundamental growth drivers.

Deepak Fertilizers to Close Trading Window from April 1, 2026, for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 06:15 PM

Deepak Fertilizers and Petrochemicals Corporation Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially announced. This is a standard regulatory procedure to prevent insider trading during the period when sensitive financial data is being finalized.

Trading window closure begins on April 1, 2026, for all designated persons.
Closure is related to the audited financial results for the quarter and year ending March 31, 2026.
The window will reopen 48 hours after the financial results are declared to the exchanges.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the Q4 and FY26 financial results for performance updates.

Deepak Fertilizers Re-appoints Ernst & Young LLP as Internal Auditors for FY 2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 04:17 PM

Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) has announced the re-appointment of Ernst & Young (EY) LLP as its internal auditors for the financial year 2026-27. The decision was approved by the Board of Directors during a meeting held on March 26, 2026, following a recommendation from the Audit Committee. EY is a global leader in assurance and advisory services, and this re-appointment ensures continuity in the company's internal control and compliance frameworks. This is a standard administrative update reflecting the company's adherence to corporate governance norms.

Ernst & Young (EY) LLP re-appointed as Internal Auditors for the financial year 2026-27.
The Board meeting approving the appointment was held on March 26, 2026, from 11:00 a.m. to 3:55 p.m.
The appointment was made based on the recommendation of the company's Audit Committee.
The disclosure is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 This is a routine governance update with no immediate impact on financial performance or stock valuation. No specific action is required from investors.

Deepak Fertilisers Subsidiary Tax Demand Reduced from ₹1.84 Cr to ₹1.04 Lakh

🟢 POSITIVE ⭐ 4/10

LEGAL 📅 26 Mar 2026, 02:36 PM

Deepak Fertilizers' material subsidiary, Mahadhan AgriTech Limited, has successfully obtained a tax rectification order from the Bengaluru Tax Authority. The initial tax demand of ₹1,84,40,339, which was raised in December 2025, has been drastically reduced to just ₹1,04,048. This reduction follows a rectification application filed under Section 161 of the CGST Act, 2017. The outcome effectively eliminates a potential financial liability for the company's wholly-owned subsidiary.

Tax demand for subsidiary Mahadhan AgriTech reduced from ₹1,84,40,339 to ₹1,04,048
Rectification order passed by the Assistant Commissioner of Commercial Taxes (Audit), Bengaluru
Application was filed under Section 161 of the CGST Act, 2017
The reduction represents a 99.4% decrease from the original tax demand amount
The order was officially received by the company on March 25, 2026

💡 Investors should view this as a positive administrative resolution that clears a legal contingency. While the amount is not material to the company's overall valuation, it reflects well on the company's tax compliance management.

Deepak Fertilizers Novates 15-Year LNG Supply Agreement for 0.65 MTPA to Subsidiary

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 25 Mar 2026, 08:33 PM

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.

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

💡 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

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 20 Mar 2026, 07:26 PM

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.

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.

💡 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 Processes Share Transfer and IEPF Claim Request

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Mar 2026, 07:43 PM

Deepak Fertilisers has processed a request for the transfer of equity shares and recovery of dividends from the Investor Education and Protection Fund (IEPF) for specific shareholders. This action follows a public notice issued on January 10, 2026, to which no legitimate claims or objections were received within the mandatory 30-day period. The company has now issued entitlement letters to the transferees, Mr. Mihir Mukeshchandra Shah and others. As per SEBI regulations, the released shares will be subject to a mandatory lock-in period of 6 months.

Processing of share transfer request under SEBI Circular dated November 6, 2018
Public notice was previously issued on January 10, 2026, with no objections received within 30 days
Entitlement letters issued for claiming back dividends and shares from the IEPF
Transferred shares are subject to a mandatory 6-month lock-in period

💡 No action is required from general investors as this is a routine administrative update regarding specific shareholder claims.

Deepak Fertilizers Receives ₹26.75 Lakh GST Demand Order

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Mar 2026, 11:26 AM

Deepak Fertilizers and Petrochemicals Corporation Limited has received a demand order from the CGST authority in Bharuch, Gujarat. The total demand amounts to ₹26,75,620, which includes a tax component of ₹13,37,810 and an equal penalty of ₹13,37,810. The dispute arises from the disallowance of Input Tax Credit (ITC) by the department. The company has stated that the demand is not tenable and intends to challenge the order, noting no material impact on its financial or operational activities.

Total demand of ₹26,75,620 raised by Superintendent, CGST & C. Ex., Bharuch.
Demand consists of ₹13,37,810 in tax and ₹13,37,810 in penalty.
The order pertains to the disallowance of Input Tax Credit claimed by the company.
Management confirms there is no material impact on the company's financials or operations.
The company plans to file an appeal against the order at an appropriate forum.

💡 No action is required as the demand amount is immaterial compared to the company's scale of operations. Investors should treat this as a routine regulatory dispute.

Deepak Fertilizers to Participate in IIFL Global Investors' Conference on February 25

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 05:45 PM

Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) has scheduled an interaction with institutional investors. The company will participate in IIFL's 17th Enterprising India Global Investors' Conference on February 25, 2026. This is a physical meeting scheduled to take place in Mumbai. The company has explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared during the event.

Participation in IIFL's 17th Enterprising India Global Investors' Conference
Event date set for February 25, 2026, in Mumbai
Physical meeting format for interaction with analysts and institutional investors
Compliance disclosure under Regulation 30 of SEBI LODR Regulations
Confirmation that no UPSI will be disclosed during the conference

💡 No immediate action is required as this is a routine investor outreach event. Investors should monitor the company's website or exchange filings for any investor presentations released following the conference.

Deepak Fertilisers Q3 FY26: Revenue Up 10% to ₹2,830 Cr, PAT Drops 34% Amid Cost Pressures

🔵 WATCH ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 05:14 PM

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.

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.

💡 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 Subsidiary Receives ₹3.46 Crore Income Tax Demand

🟡 NEUTRAL ⭐ 4/10

LEGAL 📅 02 Feb 2026, 06:41 PM

Deepak Mining Solutions Limited (DMSL), a material subsidiary of Deepak Fertilizers, has received a tax demand order of ₹3,45,75,555 for Assessment Year 2024-25. The demand stems from the disallowance of depreciation on intangible assets that were recorded following the demerger of the Technical Ammonium Nitrate (TAN) business. The company has stated that the Income-tax Appellate Tribunal has previously ruled in their favor on this specific issue in earlier years. Management believes the demand is not tenable and intends to challenge the order at the appropriate legal forum.

Tax demand of ₹3,45,75,555 issued under section 143(3) of the Income Tax Act, 1961.
Issue involves disallowance of depreciation on intangible assets post-TAN business demerger.
Company cites previous favorable rulings from the Income-tax Appellate Tribunal (ITAT) on the same matter.
Management confirms no material impact on the financial or operational activities of the company.
DMSL will be filing an appeal to set aside the demand order.

💡 Investors should note that the tax demand is relatively small compared to the company's scale and is likely to be contested successfully based on past legal precedents. No immediate portfolio action is required.

Deepak Fertilizers Shareholders Approve Appointment of Four Independent Directors

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 31 Jan 2026, 06:06 PM

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.

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.

💡 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.

View All DEEPAKFERT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In FY 2024-25, the Chemical Business (Industrial and Mining Chemicals) contributed 49.53% to total revenue, while the Fertilisers Business contributed 49.83%. For Q2 FY26, consolidated operating revenue grew 9% YoY to INR 3,006 Cr, and H1 FY26 revenue grew 13% YoY to INR 5,665 Cr.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates manufacturing facilities in Maharashtra, Gujarat, Andhra Pradesh, and Haryana.

Profitability Margins

Net profit margin for FY 2024-25 improved by 381 basis points to 9.19%. Operating EBITDA margin for FY 2024-25 was 18.73%, an expansion of 390 bps from 14.83% in the previous year. Q2 FY26 EBITDA margins dropped to 15% from 18% YoY due to global geopolitical headwinds.

EBITDA Margin

Operating EBITDA for Q2 FY26 was INR 464 Cr, down 6% QoQ from INR 494 Cr. H1 FY26 EBITDA stood at INR 977 Cr, up 2% YoY. The margin for Q2 FY26 was 15%, reflecting a 300 bps decline YoY.

Capital Expenditure

Standalone purchase of property, plant, and equipment (including capital work-in-progress) was INR 870.03 Cr for the half-year ended September 30, 2025, compared to INR 555.80 Cr in the previous period.

Credit Rating & Borrowing

Finance costs for the standalone entity were INR 15.08 Cr for H1 FY26. The company issued compulsory convertible debentures worth INR 800 Cr during the period to strengthen the balance sheet.

⚙️ Operational Drivers

Raw Materials

Ammonia (critical for fertiliser and chemical production), Isopropyl Alcohol (IPA) feedstocks, and Technical Ammonium Nitrate (TAN) components. Ammonia represents a significant cost, with a planned shutdown in Q4 requiring imports to maintain business continuity.

Import Sources

Global markets for Ammonia imports; domestic sourcing from Gujarat, Maharashtra, Andhra Pradesh, and Haryana for other inputs.

Key Suppliers

Not specifically named in documents, though the company relies on third-party suppliers for Ammonia during plant shutdowns.

Capacity Expansion

New world-class production facility currently under development with full capacity realization expected by FY 2029. New projects are expected to deliver an asset turn of 0.5 to 0.6 and ROCE of 20% plus.

Raw Material Costs

Inventory turnover ratio increased due to an 18% rise in turnover and an 8% reduction in inventory, indicating improved procurement and stock management efficiency.

Manufacturing Efficiency

Capacity utilization metrics not specifically disclosed, but the company focuses on specialty products like Croptek and B2C TAN to drive higher-margin efficiency.

📈 Strategic Growth

Expected Growth Rate

11%

Growth Strategy

The company is shifting toward a specialty product portfolio and B2C segments. Specialty products (Croptek) now contribute 35% of fertiliser revenue, and B2C TAN contributes 14% of mining chemical revenue. Growth is supported by a new facility reaching capacity by FY 2029 and a focus on customer engagement and operational agility.

Products & Services

Industrial Chemicals, Pharma Chemicals (IPA), Mining Chemicals (Technical Ammonium Nitrate), Crop Nutrition (Specialty Fertilisers), and Value Added Real Estate.

Brand Portfolio

Croptek, Croptek+.

New Products/Services

Specialty product portfolio (Croptek) and B2C TAN products are the primary new growth drivers, currently contributing 35% and 14% to their respective segments.

Market Expansion

Expansion into B2C segments for TAN and specialty fertilisers to reach customers directly and capture higher margins.

Market Share & Ranking

One of India’s leading producers of industrial & mining chemicals and fertilisers.

🌍 External Factors

Industry Trends

The industry is shifting toward specialty and customized nutrient solutions to optimize use and minimize environmental impact. DFPCL is positioning itself through its 'Croptek' specialty line and B2C mining chemicals.

Competitive Landscape

Faces competitive pressures in bulk chemical trading and standard fertiliser segments; mitigating this by moving into B2C and specialty chemicals.

Competitive Moat

Moat is built on a 40-year legacy, diversified multi-product enterprise status, and a shift toward high-margin specialty products (35% of fertiliser revenue) which are harder for commodity players to replicate.

Macro Economic Sensitivity

Highly sensitive to global geopolitical trends and trade policies. Profit Before Tax rose 77% in FY 2024-25, showing high sensitivity to operational scale and market pricing.

Consumer Behavior

Farmers are increasingly adopting high-efficiency, customized nutrient solutions for higher yields, supporting the 35% revenue contribution from specialty fertilisers.

Geopolitical Risks

Significant risk from international trade tariffs (e.g., Trump's tariffs) which impact global supply chains and margin stability.

⚖️ Regulatory & Governance

Industry Regulations

Subject to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and governmental/regulatory trends affecting chemical and fertiliser pricing/distribution.

Environmental Compliance

Committed to sustainable agriculture and nutrient use optimization; specific ESG spend not disclosed.

Taxation Policy Impact

Standalone income tax paid (net) was INR 217.53 Cr for H1 FY26.

Legal Contingencies

Provision for doubtful other receivables of INR 2.00 Cr was made in H1 FY26. No specific high-value court cases disclosed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Geopolitical trade barriers (tariffs) and raw material price volatility (Ammonia) are the primary uncertainties, with potential to impact margins by 300-400 bps.