Deepak Fertilisers & Chemicals

Sailesh Mehta elected as new Fertiliser Association of India chairman

Deepak Fertilizers and Petrochemicals Corp Managing Director Sailesh C Mehta has been elected as the new chairman of the Fertiliser Association of India (FAI). Earlier, N Suresh Krishnan, Managing Director of Paradeep Phosphates Ltd, was the chairman of the fertiliser body. With over four decades of experience in the industry, Mehta also served as the Chairman of the FAI for the western region for over five years, an official statement said. He is also the chairman and Managing Director of Mahadhan AgriTech Ltd, a subsidiary of Deepak Fertilizers and Petrochemicals Corporation Ltd (DFPCL). "I am truly privileged to serve as a bridge between government, industry, and farmers acting as a catalyst to elevate Indian farmer and farm productivity on the world map," he said. India's journey from food scarcity to global agri-exporter has been remarkable. The fertiliser industry continues to play a vital role in this journey, now with a focus on more balanced and nutrient-efficient ...

Deepak Fertilisers Q4 results: PAT jumps 20.7% to ₹277 cr on higher income

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday posted a 20.74 per cent rise in consolidated net profit to Rs 277.66 crore for the fourth quarter of the 2024-25 fiscal on higher income. The company reported a net profit of Rs 229.96 crore a year ago, according to a regulatory filing. Its total income rose 26 per cent to Rs 2,716.99 crore during the January-March quarter of 2024-25, from Rs 2,158.56 crore in the year-ago period. The company's expenses remained higher at Rs 2,396.99 crore against Rs 1,862.20 crore. For the full 2024-25 fiscal, the company posted a two-fold jump in consolidated net profit to Rs 944.67 crore from Rs 467.56 crore in the previous year. The company said its strategic investments are on track. The overall progress in the TAN project in Gopalpur is at 75 per cent, and the same for the Nitric Acid project in Dahej is at 48 per cent. Bulk fertiliser manufactured sales volume in Q4 surged 68 per cent, driven by increased adoption o

Fertiliser stocks zoom up to 8% on Thursday; here's what fueling the rally

The better-than-expected retail inflation data and expectations of a good monsoon season ahead have lifted the sentiment around fertiliser stocks

Fertiliser stocks in focus on hopes of normal monsoon; RCF surges 8%

GSFC, Paradeep Phosphates, Chambal Fertilisers, GNFC and Deepak Fertilisers were up in the range of 3% to 5% in intra-day trade.

Deepak Fertilisers soars 17% on heavy volumes; Q3 net jumps 4-fold

With the government's ongoing focus on investment-led growth and strong structural drivers, the management remains confident about the future of the chemical and fertilizer industries.

Deepak Fertilisers ties up with Norway's Equinor for long-term LNG supply

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG). In a regulatory filing, DFPCL said the a long-term LNG contract will strengthen its value chain from gas to ammonia to various downstream fertilisers, industrial chemicals, and mining chemicals. This end-to-end tie-up shall establish a strong long-term foundation for all of DFPCL's product segments. "This agreement is for annual supplies of up to 0.65 million tonnes over a period of 15 years, beginning 2026. The tie-up provides room for trading some LNG parcels in the growing demands in India as well as accommodating DFPCL's growing captive needs," the company said. The LNG will be delivered to the west coast of India, the company said. Equinor, erstwhile Statoil, is among the established leaders in the oil & gas sector over the last 50 years, with a market cap of USD 75 billion wherein majority ...

2 entities offload Deepak Fertilisers shares for Rs 131 cr via open market

Two entities on Wednesday offloaded shares of Deepak Fertilisers and Petrochemicals for Rs 131 crore through open market transactions. The entities are SmallCap World Fund Inc and Anirudh Damani. According to the bulk deal data available with the NSE, SmallCap World Fund Inc sold 23,54,000 shares, amounting to 1.86 per cent stake in Deepak Fertilisers and Petrochemicals. Also, Damani disposed of 42,943 shares in the firm, as per the data. The shares were offloaded in the range of Rs 548.42-550.57 apiece, taking the transaction value to Rs 131.46 crore. Post the latest transaction, SmallCap World Fund's shareholding has been reduced to 3.08 per cent from 4.94 per cent (as per March 2023) equity in the firm. Meanwhile, Damani bought 8,70,743 shares at an average price of Rs 548.45 apiece of the company. On Wednesday, Deepak Fertilisers and Petrochemicals gained 1.56 per cent to close at Rs 568 per piece on the NSE.

Deepak Fertilisers Q3 net up 40% to Rs 252 cr, revenue rises to Rs 2,754 cr

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday reported a 39.67 per cent growth in consolidated profit after tax at Rs 252.26 crore during the quarter ended December 2022. The company's PAT (profit after tax) stood at Rs 180.61 crore during the corresponding quarter of the previous financial year, DFCL said in a regulatory filing. Revenue from operations of the company witnessed a growth of 40.85 per cent during the quarter under review at Rs 2,754.76 crore compared to Rs 1,955.70 crore in the same period of 2021-22. "This is our best ever quarter three performance despite having to weather the headwinds such as unfavourable raw material pricing and difficult global economic conditions," DFPCL Chairman and Managing Director Sailesh C Mehta said. The company's ammonia greenfield plant is on track, and DFPCL expects that it will be operational by the first quarter of FY24, he said. The project has already been granted ultra-mega project status by the Maharasht

Sebi penalises 2 people for insider trading in Deepak Fertilizers shares

Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 45 lakh on two individuals for indulging in insider trading in the shares of Deepak Fertilizers and Petrochemicals Ltd. The regulator has slapped a fine of Rs 25 lakh on Naresh Ramniklal Mehta and Rs 20 lakh on his wife Pallavi Naresh Mehta, and also directed them to pay the fine within 45 days, according to an order. Sebi noted that Naresh is a director of Nishant Infin, which provided business services to Deepak Fertilizers and its subsidiaries. Also, Naresh is a cousin of Sailesh Mehta, who is the Managing Director of Deepak Fertilizers. Therefore, Naresh is reasonably expected to have access to information pertaining to Deepak Fertilizers, it said. As per the order, the Mehta couple traded in the scrip of Deepak Fertilizers while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to the financial results of the company for the quarter ended June 30, 2020. "The noticees (Mehtas) ha

Deepak Fertilisers, Aarti Ind soar up to 8% on plans to ink Rs8,000 cr deal

Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.

Deepak Fertilisers Q2 net rises nearly 3-fold to Rs 276 cr, revenue up 51%

Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday said its net profit has jumped nearly three fold to Rs 276 crore in the second quarter ended September 30, 2022. The company's net profit stood at Rs 93 crore during the corresponding quarter of the previous fiscal, DFPCL said in a statement. The operating revenue of the company grew by 51.7 per cent to Rs 2,719 crore during the quarter under review, compared to Rs 1,793 crore in the same period a year-ago. "We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products. "Our drive from commodity to specialty continues to support premium margins and brand consolidation in the mining chemicals, pharma chemicals and crop nutrition businesses," DFPCL Chairman and Managing .

Deepak Fertilisers zooms 50% in four weeks on strong demand outlook

The company expects their market leadership in key product segments and strong demand outlook to drive business growth and profitability.

Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos

The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.

Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%

Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.

Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?

Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.

Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month

The company's consolidated net profit doubled to Rs 181 crore in Q3FY22 from Rs 89 crore

Chart Check: Zuari Global, GSFC, Deepak Fertilisers can rally up to 18%

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

Stocks to Watch: Paytm, Star Health, Rel Cap, Ujjivan SFB, BPCL, telcos

Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user

India Pesticides' listing puts spotlight on agro-chem stocks. Time to buy?

Analysts at Sharekhan expect high double-digit earnings growth for agri input companies over the next couple of years

Deepak Fertilisers, Godawari Power dip 5% after surging up to 54% in 9 days

These stocks are trading under 'T' group on the BSE and 'BE' segment on the National Stock Exchange