Switch on the Geyser. Time to Shower with Deepak Fertilizer
PE Ratio is 8 while Sector PE ratio of 53
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
- Annual Revenue rose 47.7%, in the last year to Rs 11,384.7 Crores. Its sector's average revenue growth for the last fiscal year was 17.2%.
- Annual Net Profit rose 78.4% in the last year to Rs 1,210.1 Crores. Its sector's average net profit growth for the last fiscal year was 5.9%
- Mutual Fund Holding increased by 0% in the last quarter to 1.4.
- Return on Equity for the last financial year was 23.9%.
Negative:
- Quarterly Net profit fell 74.6% YoY to Rs 110 Crores. Its sector's average net profit growth YoY for the quarter was -45.1%.
- Promoter Pledges rose 7.5% QoQ taking the total promoter holding pledge % to 22.6%.
Deepak Fertilizers and Petrochemicals Corporation Ltd is a manufacturer of fertilizers and industrial chemicals with products in industrial chemicals, bulk and specialty fertilizers, farming diagnostics and solutions, technical ammonium nitrate and value added real estate, which includes India’s 1st & largest concept retail destination for Home Interiors & Design. Company is also investing in cloud computing, process automation, mobile apps, unified communication, and collaboration tools.
New Products in FY22
a) Company launched Crop Nutrient Solution brand Croptek with 3 crop specific grades Croptek Onion, Croptek Sugarcane, Croptek Cotton, and also launched Crop Specific and stage specific brand Solutek for fertigation
b) Company's IC business unit launched 8 different products for disinfection solutions in the hospital segment
Operational Highlights - Q4FY23
a) Acid business achieved a capacity utilization of 89% while the IPA business reached 98%. CNB Bulk (NP + NPK) had a capacity utilization of 55%
b) Company developed a technology to manufacture Pure DIPE from crude DIPE first time in India and has completed the commercial trial successfully
c) Steel grade Nitric acid for steel pickling application has completed its multi-stage commercial trials successfully and will soon be launched commercially
Capex - FY23:
a) Ammonia:
It has a capacity of 128,700 MTPA and company plans to increase it to 628,700 MTPA. For that, it has planned an Investment of Rs. 4,350 Cr. Company, through its stepdown subsidiary Performance Chemiserve Ltd, is setting up an ammonia manufacturing facility of 1,500 MTPD at Taloja
b) TAN:
Technical Ammonium Nitrate has a capacity of 486,900 MTPA which is planned to increase to 862,900 MTPA by H2 FY26 with an Investment of Rs. 2,201 Cr
- Company has delivered good profit growth of 49.7% CAGR over last 5 years
- Annual Revenue rose 47.7%, in the last year to Rs 11,384.7 Crores. Its sector's average revenue growth for the last fiscal year was 17.2%.
- Annual Net Profit rose 78.4% in the last year to Rs 1,210.1 Crores. Its sector's average net profit growth for the last fiscal year was 5.9%
- Mutual Fund Holding increased by 0% in the last quarter to 1.4.
- Return on Equity for the last financial year was 23.9%.
Negative:
- Quarterly Net profit fell 74.6% YoY to Rs 110 Crores. Its sector's average net profit growth YoY for the quarter was -45.1%.
- Promoter Pledges rose 7.5% QoQ taking the total promoter holding pledge % to 22.6%.
Deepak Fertilizers and Petrochemicals Corporation Ltd is a manufacturer of fertilizers and industrial chemicals with products in industrial chemicals, bulk and specialty fertilizers, farming diagnostics and solutions, technical ammonium nitrate and value added real estate, which includes India’s 1st & largest concept retail destination for Home Interiors & Design. Company is also investing in cloud computing, process automation, mobile apps, unified communication, and collaboration tools.
New Products in FY22
a) Company launched Crop Nutrient Solution brand Croptek with 3 crop specific grades Croptek Onion, Croptek Sugarcane, Croptek Cotton, and also launched Crop Specific and stage specific brand Solutek for fertigation
b) Company's IC business unit launched 8 different products for disinfection solutions in the hospital segment
Operational Highlights - Q4FY23
a) Acid business achieved a capacity utilization of 89% while the IPA business reached 98%. CNB Bulk (NP + NPK) had a capacity utilization of 55%
b) Company developed a technology to manufacture Pure DIPE from crude DIPE first time in India and has completed the commercial trial successfully
c) Steel grade Nitric acid for steel pickling application has completed its multi-stage commercial trials successfully and will soon be launched commercially
Capex - FY23:
a) Ammonia:
It has a capacity of 128,700 MTPA and company plans to increase it to 628,700 MTPA. For that, it has planned an Investment of Rs. 4,350 Cr. Company, through its stepdown subsidiary Performance Chemiserve Ltd, is setting up an ammonia manufacturing facility of 1,500 MTPD at Taloja
b) TAN:
Technical Ammonium Nitrate has a capacity of 486,900 MTPA which is planned to increase to 862,900 MTPA by H2 FY26 with an Investment of Rs. 2,201 Cr
Trade active:
Getting ready for some action.
Comment:
Its time to rise. The sector is in flavor.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
