Deepak Fertilizers and Petrochemicals Corporation Limited
2,561words
4turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
1.64 billion
40%
60%
25%
28%
26%
18%
50%
Rs. 2,667
Rs. 480
10%
Guidance — 12 items
Outlook
opening
“• Mining Chemicals growth likely to continue into FY26, driven by increasing power demand and infrastructure investments.”
Outlook
opening
“Cr) and Sales Volume (KMT) ₹ 1,798 63 KMT 85 KMT ₹ 1,803 61 KMT 96 KMT 191 KMT 189 KMT FY24 CNA+SNA Sales Volume IPA Sales Volume FY25 DNA Sales Volume IC Revenue 500 450 400 350 300 250 200 150 100 50 - 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 Revenue & Volume Performance: • Volume • Total Nitric Acid: Q4 volumes jumped by 29% YoY.”
Outlook
opening
“For FY25, volume improved by 3% • IPA: Q4 IPA volume declined 27% YoY & 31% QoQ, on account of shutdown taken to improve process improvements efficiency and production rate.”
Capacity Utilization
opening
“• Nitric Acid : Q4FY25 – 91% & FY25: 89% • IPA : Q4FY25 – 63% & FY25: 88%”
Outlook
opening
“FY25 Overview: • • FY25 manufactured bulk sales demonstrated 55% YoY growth, driven by above-normal monsoon rains & wide acceptance of our innovative Crop Focus Solutions.”
Outlook
opening
“Bulk Manufacturing Capacity Utilization: Q4FY25: 76%; FY25 – 77% Outlook: With above-normal monsoon is expected, We expect growth in our market share in view of strong improvements in Crop Yields and Quality….thus helping build a Unique Brand “MAHADHAN”.”
Outlook
opening
“Cr) CAGR 15% 11,301 10,274 8,676 7,663 5,808 CAGR 19% 2,165 1,925 CAGR 23% 1,221 1,356 1,287 955 687 406 945 468 FY21 FY22 FY23 FY24 FY25 FY21 FY22 * FY23 FY24 FY25 FY21 FY22 * FY23 FY24 FY25 Fixed Assets (Rs.”
Outlook
opening
“Cr.) EPS (Rs.) CAGR 16% 5,739 4,631 3,905 6,552 7,135 CAGR 22% 5,193 5,580 6,254 CAGR 16% 97.7 4,002 2,800 60.4 41.5 74.0 35.9 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Attractive Capex of Rs.”
Outlook
opening
“4,500 crores Underway TAN Project, Gopalpur Nitric Acid Project, Dahej o Capacity: 376 KTPA.”
Outlook
opening
“o Capacity : WNA 300 KTPA & CNA 150 KTPA o o o Expected Commissioning: H2FY26 Post-expansion, total AN capacity will be ~1.0 MMTPA, making us 3rd largest pure-play TAN producer globally”
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Risks & concerns — 1 flagged
Margins might face slight pressure due to weak market dynamics, driven by declines in Acetone prices and elevated inventories.
— Outlook
Speaking time
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Opening remarks
Outlook
• Mining Chemicals growth likely to continue into FY26, driven by increasing power demand and infrastructure investments. Industrial Chemicals Business : Q4FY25 Performance Quarterly Revenue (Rs. Cr) and Sales Volume (KMT) Highlights 100 KMT 90 KMT 80 KMT 70 KMT 60 KMT 50 KMT 40 KMT 30 KMT 20 KMT 10 KMT 0 KMT 400 KMT 350 KMT 300 KMT 250 KMT 200 KMT 150 KMT 100 KMT 50 KMT 0 KMT ₹ 419 16 KMT 17 KMT 39 KMT ₹ 476 17 KMT 29 KMT ₹ 412 12 KMT 24 KMT 48 KMT 48 KMT Q4FY24 Q3FY25 Q4FY25 CNA+SNA Sales Volume IPA Sales Volume DNA Sales Volume IC Revenue Yearly Revenue (Rs. Cr) and Sales Volume (KMT) ₹ 1,798 63 KMT 85 KMT ₹ 1,803 61 KMT 96 KMT 191 KMT 189 KMT FY24 CNA+SNA Sales Volume IPA Sales Volume FY25 DNA Sales Volume IC Revenue 500 450 400 350 300 250 200 150 100 50 - 1,850 1,800 1,750 1,700 1,650 1,600 1,550 1,500 Revenue & Volume Performance: • Volume • Total Nitric Acid: Q4 volumes jumped by 29% YoY. While CNA & SNA grew by 23%, DNA volume surged by 41%. For FY25, volume improved by 3% • I
Outlook
• Nitric Acid : The outlook indicates steady demand, supported by the strong requirements for Technical Ammonium Nitrate, even as demand from Nitroaromatics remains subdued. • IPA - volume demand remains resilient. Margins might face slight pressure due to weak market dynamics, driven by declines in Acetone prices and elevated inventories. Crop Nutrition Business: Q4FY25 Performance Quarterly Revenue (Rs. Cr) and Sales Volume (KMT) Highlights 300 KMT 250 KMT 200 KMT 150 KMT 100 KMT 50 KMT 0 KMT 1200 KMT 1000 KMT 800 KMT 600 KMT 400 KMT 200 KMT 0 KMT 19 KMT 27 KMT ₹ 1,295 ₹ 1,373 15 KMT 41 KMT 231 KMT 214 KMT 14 KMT ₹ 736 17 KMT 127 KMT 1,500 1,300 1,100 900 700 500 300 100 -100 -300 -500 Q4FY24 Q3FY25 Q4FY25 Bulk Mgf Sales Vol (ANP+NPK) Bulk Traded Sales Vol Specialty Sales Vol CNB Revenue CNB Production (KMT) ₹ 4,093 75 KMT 184 KMT 572 KMT FY24 ₹ 5,133 84 KMT 127 KMT 888 KMT FY25 5,500 4,500 3,500 2,500 > 1 Million MT 1,500 500 -500 Bulk Mgf Sales Vol (ANP+NPK) Bulk Traded Sales Vol S
Strategic Location Advantages
o Closer to major mining areas in East India o Port based location- favourable for exports o o o o Expected Commissioning: H2FY26 Post-expansion, total WNA capacity will be ~1.2 MMTPA, making us Asia's largest manufacturer of Nitric Acid. Strategic Location: Closer to major consumers in West and Central India. 65% CN’A capacity tied up through a 20 years long term contract 75% 48% Capitalizing on 40 Years of Know-How and Riding the India Growth Story Strengthening Our Balance Sheet (Rs. CR) ST Debt LT Debt Mar-25 Mar-24 Leverage Ratios Mar-25 Mar-24 Change 257 590 3,676 3,455 Net Debt/Equity (x) 0.53x 0.61x ▼ 0.08 Net Debt/EBIDTA (x) 1.72x 2.66x ▼ 0.95 Total Debt 3,933 4,045 Cash & Cash Equivalent Other Bank Balances Investment in MFs 354 90 183 226 135 258 Net Debt 3,305 3,426 • Capex incurred in Projects – 655 Cr. Still net debt reduced from Rs. 3,426 Cr to Rs. 3,305 Cr based on healthy cash generation. • Short-term debt has significantly decreased thanks to improved efficiency in wo
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