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Deepak Nitrite Ltd.

DEEPAKNTRCommodities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205112022-03-31yes
COVER_LETTER202211172022-09-30no
COVER_LETTER202302152022-12-31no
TRANSCRIPT202208172023-03-31yes
TRANSCRIPT202305192023-03-31yes
TRANSCRIPT202308162023-06-30yes
TRANSCRIPT202311162023-09-30yes
TRANSCRIPT202402212023-12-31yes
TRANSCRIPT202405272024-03-31yes
TRANSCRIPT202411212024-09-30yes
TRANSCRIPT202502212024-12-31yes
TRANSCRIPT202408132025-03-31yes
TRANSCRIPT202506032025-03-31yes
TRANSCRIPT202508212025-06-30yes
TRANSCRIPT202511202025-09-30yes
TRANSCRIPT202602182025-12-31yes
TRANSCRIPT202605222026-03-31yes
TRANSCRIPT202608112026-06-30yes

DEEPAKNTR

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,600.90
52-week range1286.8 – 1875.9
Return 1M-8.57%
Return 3M-1.33%
Return 1Y-14.36%
Return 3Y-25.13%
Return 5Y-35.6%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations2,578.00
Other income14.00
Total income2,592.00
Cost of materials consumed1,581.00
Purchases of stock-in-trade61.00
Changes in inventories-14.00
Employee benefit expense118.00
Finance costs23.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.490.00
institutions foreign0.060.00
institutions domestic0.240.00
mutual funds0.110.00
public0.51-0.00

Documents on file

ClassMost recentOn file
COVER_LETTER2022-12-312
TRANSCRIPT2026-06-3016

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,962.001,991.001,961.001,768.001,778.002,009.002,126.002,167.002,032.001,903.002,180.001,890.001,902.001,975.002,120.002,578.00
Other income12.0013.0013.0032.0017.0014.0019.0019.0021.0021.0023.0025.0020.008.007.0014.00
Total income1,974.002,004.001,974.001,800.001,795.002,023.002,145.002,186.002,053.001,924.002,202.001,914.001,922.001,983.002,127.002,592.00
Cost of materials consumed1,448.001,268.001,251.001,090.001,093.001,459.001,414.001,413.001,456.001,333.001,479.001,331.001,244.001,372.001,378.001,581.00
Purchases of stock-in-trade0.0016.00122.0045.0031.000.002.0023.0077.0014.0018.0064.0076.0075.0059.0061.00
Changes in inventories-78.0055.00-95.0089.0042.00-87.0058.0065.00-151.0047.0015.00-34.0058.00-21.00-57.00-14.00
Employee benefit expense79.0081.0077.0084.0085.0089.0093.0095.0097.0098.00102.00106.0099.00107.00111.00118.00
Finance costs6.006.004.002.003.003.004.006.006.006.009.008.008.0011.0019.0023.00
Depreciation and amortisation42.0041.0041.0038.0039.0042.0046.0047.0048.0048.0051.0051.0053.0058.0063.0064.00
Other expenses242.00257.00258.00251.00225.00243.00258.00262.00255.00244.00249.00233.00221.00232.00254.00291.00
Total expenses1,739.001,723.001,659.001,598.001,518.001,749.001,876.001,911.001,789.001,789.001,924.001,760.001,759.001,833.001,826.002,124.00
Profit before exceptional items and tax235.00281.00315.00202.00277.00274.00269.00275.00264.00135.00279.00155.00163.00151.00301.00468.00
Exceptional items0.000.000.000.000.000.0080.000.000.000.000.000.000.00-13.000.000.00
Profit before tax235.00281.00315.00202.00277.00274.00349.00275.00264.00135.00279.00155.00163.00138.00301.00468.00
Current tax57.0065.0059.0051.0069.0070.0084.0074.0071.0037.0046.0042.0042.0041.0066.00130.00
Deferred tax3.007.0023.001.004.002.0011.00-2.00-1.000.0030.001.002.00-3.0016.00-8.00
Tax expense60.0072.0081.0052.0072.0072.0095.0072.0070.0037.0076.0042.0044.0038.0082.00123.00
Profit for the period174.00209.00234.00150.00205.00202.00254.00203.00194.0098.00202.00112.00119.00100.00220.00345.00
Profit attributable to owners174.00209.00234.00150.00205.00202.00253.00203.00194.0098.00202.00112.00119.00100.00220.00345.00
Profit attributable to non-controlling interests0.000.000.000.000.000.00-0.00-0.000.000.000.000.000.000.000.00-0.00
Other comprehensive income-0.00-1.00-4.00-0.00-0.00-1.00-1.00-0.00-1.00-1.00-2.00-1.00-3.001.00-2.00-0.00
Total comprehensive income174.00208.00230.00150.00205.00202.00253.00202.00194.0097.00201.00112.00116.00101.00218.00345.00
Earnings per share, basic12.7915.3317.1510.9915.0414.8118.6114.8514.247.1914.848.238.717.3216.1125.30
Earnings per share, diluted12.7915.3317.1510.9915.0414.8118.6114.8514.247.1914.848.238.717.3216.1125.30

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations1,792.004,230.004,360.006,802.007,972.007,682.008,282.007,887.00
Other income3.0035.0022.0043.0048.0076.0084.0060.00
Total income1,795.004,265.004,381.006,845.008,020.007,758.008,366.007,947.00
Cost of materials consumed1,028.002,348.002,274.004,211.005,395.005,056.005,681.005,324.00
Purchases of stock-in-trade0.000.000.000.00144.0077.00132.00274.00
Changes in inventories-52.0026.00-10.00-97.00-191.00103.00-25.00-55.00
Employee benefit expense159.00219.00247.00274.00318.00351.00392.00423.00
Finance costs43.00115.0074.0034.0025.0012.0028.0046.00
Depreciation and amortisation53.00140.00153.00178.00166.00166.00195.00225.00
Other expenses352.00612.00601.00810.001,017.00971.001,010.00940.00
Total expenses1,582.003,459.003,340.005,410.006,874.006,736.007,413.007,177.00
Profit before exceptional items and tax212.00806.001,042.001,434.001,146.001,022.00953.00770.00
Exceptional items0.000.000.000.000.0080.000.00-13.00
Profit before tax212.00806.001,042.001,434.001,146.001,102.00953.00757.00
Current tax49.00192.00240.00353.00259.00273.00228.00191.00
Deferred tax26.003.0026.0015.0035.0018.0027.0016.00
Tax expense74.00195.00266.00368.00294.00291.00255.00206.00
Profit for the period138.00611.00776.001,067.00852.00811.00697.00551.00
Profit attributable to owners—607.00776.001,067.00852.00809.00697.00551.00
Profit attributable to non-controlling interests—0.000.000.000.00-0.000.000.00
Other comprehensive income-3.00-4.00-1.000.00-5.00-2.00-3.00-4.00
Total comprehensive income135.00607.00775.001,067.00847.00809.00694.00547.00
Earnings per share, basic10.1244.8056.8878.2062.4759.4551.1240.36
Earnings per share, diluted10.1244.8056.8878.2062.4759.4551.1240.36

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets4,669.005,129.005,268.006,096.007,009.007,718.007,884.008,681.00
Non-current assets2,219.002,390.002,692.003,255.003,819.004,421.005,082.005,611.00
Current assets2,449.002,739.002,576.002,842.003,189.003,297.002,801.003,069.00
Property, plant and equipment1,887.001,914.001,946.002,243.002,346.002,400.002,512.003,210.00
Capital work-in-progress181.00283.00479.00774.001,169.001,649.002,046.001,828.00
Goodwill0.000.000.000.003.003.003.003.00
Other intangible assets30.0028.0026.0050.0055.0054.0052.0057.00
Inventories740.00893.00726.00760.00916.00926.00904.00862.00
Trade receivables1,096.001,310.001,212.001,298.001,254.001,274.001,381.001,506.00
Cash and cash equivalents63.0038.0015.00238.0033.00179.0022.00243.00
Total equity and liabilities4,669.005,129.005,268.006,096.007,009.007,718.007,884.008,681.00
Equity3,651.004,090.004,342.004,823.005,125.005,425.005,550.005,869.00
Equity share capital27.0027.0027.0027.0027.0027.0027.0027.00
Other equity3,624.004,063.004,315.004,769.005,061.005,361.005,488.005,810.00
Total liabilities1,018.001,039.00926.001,274.001,884.002,293.002,333.002,811.00
Non-current liabilities261.00245.00238.00488.001,046.001,370.001,446.001,533.00
Current liabilities756.00794.00688.00785.00839.00923.00887.001,279.00
Borrowings, non-current95.0043.0040.00217.00772.001,026.001,089.001,135.00
Borrowings, current159.0011.0013.000.0019.00145.0060.00393.00
Trade payables500.00662.00512.00582.00557.00522.00556.00534.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities302.00650.00535.00878.00324.00625.00204.00539.00
Net cash from investing activities-119.00-276.00-427.00-722.00-973.00-1,491.00-215.00-669.00
Net cash from financing activities-144.00-359.00-130.0044.00442.00806.00-146.00193.00
Purchase of property, plant and equipment143.00358.00305.00742.00477.001,122.00662.001,185.00
Net increase in cash40.0015.00-23.00200.00-207.00-60.00-157.0064.00
con:CFO.BEFORE_TAX437.00910.00645.001,144.00444.00840.00286.00728.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING135.00260.00110.00266.00120.00215.0082.00189.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.0017.000.000.00364.000.0014.00
con:INVESTMENTS_SOLD24.0082.00-107.00289.00-255.000.00218.00329.00
con:PPE_DISPOSALS0.001.000.003.000.0017.000.002.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.0027.0042.0042.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group49.1349.1349.1349.1349.1349.2449.2449.2449.2849.280.490.490.490.49
Domestic institutions15.0515.6217.9518.8719.2721.2122.2923.2223.2222.620.230.230.230.24
Mutual funds—————————11.680.110.110.110.11
Insurance companies7.016.988.469.309.429.9610.069.9510.039.930.100.100.110.10
Foreign institutions7.728.086.476.486.726.866.696.606.656.680.060.060.060.06
Government—————————————0.00
Public50.8750.8750.8750.8750.8750.7650.7650.7650.7250.720.510.510.510.51
Non-institutional28.0927.1726.4425.5224.8722.6921.7820.9420.8521.420.220.210.210.21
Shares outstanding136393041136393041136393041136393041136393041136393041136393041136393041136393041136393041136393041136393041136393041136393041

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Shri Deepak C MehtaKey Management Personnel of SubsidAny other transaction, Interest paid, Remuneration313,500,000.003
Deepak Fertilisers & Petrochemicals Corporation LimitedEntities over which key managerialAny other transaction, Purchase of goods or services289,800,000.002
Performance Chemiserve LimitedEntities over which key managerialPurchase of goods or services198,900,000.001
Deepak Novochem Technologies LimitedEntities over which key managerialAny other transaction, Sale of goods or services118,600,000.002
Smt. Ila D. MehtaRelative of KMPAny other transaction, Interest paid52,900,000.003
Shri Deepak C. MehtaKey Management PersonnelRemuneration40,500,000.001
Shri Sanjay B UpadhyayKey Management PersonnelRemuneration28,900,000.001
Shri Maulik.D. MehtaKey Management PersonnelRemuneration23,100,000.001
Shri Kishor JhalariaKey Management Personnel of SubsidRemuneration18,800,000.001
Hyspec Chemicals Private LimitedEntities over which key managerialAny other transaction, Sale of goods or services14,800,000.003
Shri Girish SatarkarKey Management PersonnelRemuneration11,700,000.001
OXOC Chemicals LimitedEntities over which key managerialPurchase of goods or services11,100,000.001
Shri Ajay JajooKey Management Personnel of SubsidRemuneration10,500,000.001
Shri Somsekhar A. NandaKey Management PersonnelRemuneration9,900,000.001
Deepak Cybit Private LimitedEntities over which key managerialAny other transaction, Purchase of goods or services8,900,000.003

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-11Q1FY27Read the call
2026-05-22Q4FY26Read the call
2026-02-18Q3FY26Read the call
2025-11-20Q2FY26Read the call
2025-08-21Q1FY26Read the call
2025-06-03FYFY25Read the call
2025-02-21Q3FY25Read the call
2024-11-21H1FY25Read the call
2024-08-13FYFY25EXECUTIVE OFFICER, GROUP CFORead the call
2024-05-27FYFY24Read the call
2024-02-21Q3FY24Read the call
2023-11-16H1FY24Read the call
2023-08-16Q1FY24LIMITEDRead the call
2023-05-19Q4FY23ANALYST:Read the call
2022-08-17FYFY23Read the call
2022-05-11FYFY22DEPUTY, LIMITED, SOMSEKHARRead the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ1FY26Q1FY27Q2FY26Q3FY24Q3FY25Q3FY26Q4FY23Q4FY26
CapexIf I recall it correctly, we are undergoing INR 8,500 crore of capex plus INR 2,000 crore of capex, which is under various stages of commissioning.How much capex is pending, which will be spent this year?And generally, all of this is around with, I would say, either 0 or insignificant CAPEX.We have also initiated land for large scale capex which should be Greenfield for example, Oman plant.So now we are in the advanced process of commissioning it by end of Q4 FY25, if you can share how much of the capex we have incurred on the same.So, other than the last one, which I mentioned, which is polymer applications, which requires medium-sized CAPEX.Sir just one last clarification in our presentation you had mentioned that there are Rs.2,500 crore projects currently which are undergoing so what is…So Deepak Nitrite Limited May 18, 2026 our capex includes the ability to have this in a slightly disjointed manner.
Capital allocation—All of these will allow us to also participate in the merchant market as the downstream capacities get ramped up and the customer acquisition is in li…——————
CostsSo you change the raw materials from A to B, you're able to make a product which goes into a different application.Within AI, pressure of high- cost raw materials remained for certain products.One, we do have an alignment similar to the way that we have with regards to other key raw materials, which allow us to import ammonia as well as buy …And keep in mind that we also in many cases have to take up the cost of logistics of getting the raw material, as well as in some cases giving the fin…And in those places when we buy our raw materials, those raw materials also come with an N -1 or N -2 in terms of the prices.And also if you can share your thoughts, are we importing any raw materials currently from Europe, which earlier used to have a duty and with this EU …So because you rightly said that turnover is difficult to predict because it all depends upon the selling prices of the products, but if we see FY2020…But just wanted to understand on the raw material availability that is propylene, how much of our capacity right now are we running?
Debt and cash—So today, at this INR 11,500 crore what we are having against that, we are borrowing around INR 6,800 crore plus working capital, whatever is required…—It would be a considerable amount, but what I was sharing was largely the situation that was at play into Q3, agrochemicals especially the products th…So, you are saying that there has been an element of operating deleverage as well?——So in all of these cases, all I can say is that having a domestic supplier of high-quality products is a game changer for domestic consumers who don't…
DemandFirst on the agrochemical side, can you help us understand what really has happened, it is lower demand, because destocking appears to be largely behi…While the chemical industry at large continues to navigate price volatility, evolving geopolitical dynamics and an uneven demand recovery, we believe …So now we have multiple storage facilities that are all feeding into our consumption point where pipelines.This year we have demonstrated that one of the plants we have spent little amount and then produce additional product which was never there in our bud…However, other than that also, in a couple of our assets where we had plant capacities available, those assets were idled until the customer demand pi…At the moment, we have a pipeline of about 15 products at various stages between R&D, piloting and awaiting customer feedback with regards to samples.Could you give some color on the demand trends that you have been witnessing for your key end segments in the month of April and May?And (b), given the kind of raw materials what we use for the standalone business like ortho-xylene, ammonia, sulfuric acid, AHF, how have we secured i…
GuidanceSo just on nitric acid, should we expect the benefits to start from the second quarter of this financial year?This provides us with greater confidence in the medium-term outlook for the business.And overall, if you can guide what will be the FY26 volume growth on the phenol front?So, two parts of question on this, whether the inventory destocking by the Chinese players is over and can we expect the things getting normalizing in…Though January and February were affected by imports this year, we expect a normalized situation from March onwards.When can we expect the full benefit of nitric acid into our operational numbers?Sir I have two questions so one is when we see our performance in FY2020, vis-à-vis what we have delivered in FY2023 for the standalone business, I th…When can we expect that or do you think this is not the right time to start a new plant and probably you would wait for another quarter to see how the…
MarginSome of them which would be higher margin have had a deferment of supply from our customers, which we are working to see how to address.More importantly, the investments we have made over the past several years are now beginning to translate into stronger operating leverage and improve…So we're looking at significantly increasing our own self-consumption because that's where we will make more margin.What's a fair assessment in terms of our quarterly EBITDA again moving to those ranges of Rs.53 crore, but the EBITDA impact was close to Rs.I got a few questions, Maulik bhai, First, regarding the standalone business: for at least part of this quarter, nitric acid and the gross profit marg…Nonetheless, we have been able to maintain a reasonably healthy margin on a per kilo basis and as we expand, in FY2021, we had a plant which was about…Did we achieve the margin profile we were looking at?
PeopleSo realistically, what sort of capacity utilization percentages could we work with for this financial year and then maybe next financial year?And we have already started operating these assets with a relatively high utilization, anticipating that we need to place our products in the market o…So sir, here, like in terms of this Nitric Acid plant and capacities, would it be fair to assume that initially as our requirement picks up over the s…And along with if you can just share your thoughts on how much of our current capacity like including those debottleneck is currently utilized and has…Any comment on the utilization rates in some of these geographies?First on the projects that we have started in this quarter, can we broadly give a direction to reach steady state, say, 80% to 100% utilization, how m…Sir the second question is on like one of our competitor is also expanding on the NT side so how we are placed in terms of our existing utilization he…First, on the nitric acid, can you just help us understand in this quarter, what was the utilization?
PricingIn terms of current pricing, what is the optimal level of revenues that we are expecting?While geopolitical developments and pricing volatility may continue to influence the operating environment, Deepak today is significantly stronger, si…—This gives us the delta of about a month, month, and a half, where we have that breathing room and it gives us the opportunity to optimize our pricing…First of all, the import was not at an aggressive pricing or decremental pricing which happened right, during the quarter, that's the first question, …What percentage of this would be purely led by the pricing, if you can give the pricing and volume decline or a growth, some broad directions on this.The presentation mentions that there is contracted supply of products from both the segments which provides high visibility for continued growth so ju…Have we passed on the entire pricing increase which has been witnessed in the market?
Revenue growthSo it should be looked at Deepak Nitrite Limited August 14, 2025 in line with that, that all the investment when you look at a backward integration do…Lastly, is it possible to quantify in terms of what sort of incremental contribution in terms of, let's say, the top line as well as some flavor on th…As I mentioned, key chemicals being absent from our Q2 sales plan has been a significant contributing factor to the top line as well as the bottom lin…I can just share that we have already announced by and large every quarter there will be some plant, or another being commissioned, some with upstream…So firstly on the Phenolics business, if we have lost around say 12,000 to 15,000 tonnes kind of volumes, how have we been able to maintain the kind o…And second is, broadly in the last three years in the AI segment, the topline has reduced from, say, INR 3,000 crore, right now, we are close to aroun…How this results with regards to topline growth is difficult to Deepak Nitrite Limited May 12, 2023 say because the market continues to be volatile.—