DEEPAKNTR
Deepak Nitrite share price & financials
- Price
- ₹1,644.4
- Market cap
- ₹24.3k Cr
- Sector
- Chemicals
- Calls analysed
- 8
Deepak Nitrite Limited Q1 FY27
What went well
- Record consolidated Revenue of ₹2,592 crores, up 35% YoY and 22% QoQ.
- All-time high EBITDA of ₹554 crores, growing 159% YoY and 45% QoQ, with margins expanding to 21%.
- Phenolics segment delivered its highest ever quarterly performance with revenue of ₹1,775 crores (+36% YoY) and EBIT of ₹418 crores (+254% YoY), achieving a 24% EBIT margin.
What to watch
- Raw material volatility remained a challenge, though management stated it was managed effectively in Q1.
- Pressure of high-cost raw materials persisted for certain products within the Advanced Intermediates segment.
What Deepak Nitrite Limited does
Deepak Nitrite Limited manufactures basic and fine organic and inorganic chemical intermediates used as raw materials by the pharmaceutical, agrochemical, dyes and pigments, paints, and laminate industries. It operates through two reportable segments — Advanced Intermediates (nitro toluenes, nitro chlorobenzenes, xylidines, oximes, fuel additives and speciality agrochemical intermediates) and Phenolics (Phenol, Acetone and Isopropyl Alcohol via a cumene-based process, plus downstream MIBK/MIBC and polycarbonate integration underway). It earns by selling these intermediates to domestic and export customers who use them as inputs into their own downstream chemical, pharma and agro products, and operates through several wholly/majority-owned subsidiaries including Deepak Phenolics, Deepak Chem Tech, Deepak Advanced Materials, Deepak PMC and Deepak Oman Industries.
Segments
- Advanced Intermediates
- Phenolics
- Modern manufacturing facilities
- 7
- Manufacturing locations
- Nandesari, Dahej, Taloja, Roha, Hyderabad (5 strategic locations)
- Products manufactured
- 36+
- End-use applications served
- 56+
- Countries receiving exports
- 50+
- Customers
- 1,500+
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 5 delivered 4 missed 14 open- Nitric Acid Project Commissioning delivered, diluted said Q2 FY25 Promised: H2 FY25 Q1 FY27: Achieved in Q3 FY26. No new updates.
- Advanced Intermediates EBIT Margin missed said Q3 FY25 Promised: 17-18% (Medium Term) Q1 FY27: Actual EBIT Margin was 8%. While this is a significant sequential improvement, it remains well below the 17-18% medium-term target.
- Total Capex Plan revised up said Q2 FY25 Promised: ₹14,000 crores through 2027 Q1 FY27: Total plan not explicitly restated, but the Polycarbonate project alone is now guided at ₹11,500 crore, suggesting the total is higher than the previous ₹11,000 crore guidance.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 31.9%, net profit up 116.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 605 | 552 | 654 | 612 | 616 +2% | 694 +26% | 718 +10% | 807 +32% |
| EBITDA | 75 | 42 | 78 | 60 | 47 −37% | 45 +7% | 73 −6% | 110 +83% |
| Net profit | 142 | 17 | 54 | 30 | 112 −21% | 8 −53% | 39 −28% | 65 +117% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −8.6% 1Y
1Y: ₹1,737.8 on 10 Sept 2025 → ₹1,587.8. High ₹1,875.9 (8 May 2026), low ₹1,286.8 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.8%
- 6 Aug
- Q4 FY26
- −4.3%
- 18 May
- Q3 FY26
- −0.9%
- 13 Feb
- Q2 FY26
- +1.1%
- 14 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 30.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.0k Cr | ₹2.7k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Operating profit | ₹1.3k Cr | ₹439 Cr | ₹292 Cr | ₹225 Cr |
| Operating margin | 16.2% | 16.1% | 11.6% | 8.5% |
| Interest | ₹25 Cr | ₹2 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹166 Cr | ₹87 Cr | ₹99 Cr | ₹104 Cr |
| Net profit | ₹852 Cr | ₹434 Cr | ₹276 Cr | ₹189 Cr |
| Net margin | 10.7% | 15.9% | 10.9% | 7.2% |
| Cash from operations | ₹310 Cr | ₹418 Cr | ₹254 Cr | ₹393 Cr |
| Free cash flow | ₹185 Cr | ₹212 Cr | ₹61 Cr | ₹267 Cr |
| ROCE | 24.0% | 16.0% | 10.0% | 7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr |
| Reserves | ₹1.8k Cr | ₹2.2k Cr | ₹2.6k Cr | ₹2.9k Cr | ₹5.5k Cr | ₹3.2k Cr |
| Borrowings | ₹8 Cr | ₹24 Cr | ₹11 Cr | ₹32 Cr | ₹1.2k Cr | ₹60 Cr |
| Other liabilities | ₹324 Cr | ₹364 Cr | ₹415 Cr | ₹385 Cr | ₹1.1k Cr | ₹533 Cr |
| Total liabilities | ₹2.2k Cr | ₹2.6k Cr | ₹3.0k Cr | ₹3.4k Cr | ₹7.9k Cr | ₹3.8k Cr |
| Fixed assets | ₹776 Cr | ₹674 Cr | ₹728 Cr | ₹835 Cr | ₹2.6k Cr | ₹1.0k Cr |
| Capital work in progress | ₹69 Cr | ₹83 Cr | ₹77 Cr | ₹126 Cr | ₹2.0k Cr | ₹66 Cr |
| Investments | ₹689 Cr | ₹909 Cr | ₹1.1k Cr | ₹945 Cr | ₹303 Cr | ₹1.6k Cr |
| Other assets | ₹644 Cr | ₹978 Cr | ₹1.2k Cr | ₹1.5k Cr | ₹3.0k Cr | ₹1.1k Cr |
| Total assets | ₹2.2k Cr | ₹2.6k Cr | ₹3.0k Cr | ₹3.4k Cr | ₹7.9k Cr | ₹3.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +1.15 pp while the public trimmed −0.77 pp. The shareholder count shrank 8% to 3,82,905.
- Promoters
- 49.3%
- FIIs
- 6.2%
- DIIs
- 23.8%
- Public
- 20.6%
Since Jun 2025
- DIIs +1.15 pp
- Public −0.77 pp
- FIIs −0.44 pp
How it drifted, 12 quarters
Over this window DIIs went from 18.0% to 23.8% — +5.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 49.1%, FIIs 6.5%, DIIs 18.0%, Public 26.4%.Dec '23: Promoters 49.1%, FIIs 6.5%, DIIs 18.9%, Public 25.5%.Mar '24: Promoters 49.1%, FIIs 6.7%, DIIs 19.3%, Public 24.9%.Jun '24: Promoters 49.2%, FIIs 6.9%, DIIs 21.2%, Public 22.7%.Sep '24: Promoters 49.2%, FIIs 6.7%, DIIs 22.3%, Public 21.8%.Dec '24: Promoters 49.2%, FIIs 6.6%, DIIs 23.2%, Public 20.9%.Mar '25: Promoters 49.3%, FIIs 6.6%, DIIs 23.2%, Public 20.8%.Jun '25: Promoters 49.3%, FIIs 6.7%, DIIs 22.6%, Public 21.4%.Sep '25: Promoters 49.3%, FIIs 6.2%, DIIs 22.7%, Public 21.8%.Dec '25: Promoters 49.3%, FIIs 6.1%, DIIs 23.2%, Public 21.4%.Mar '26: Promoters 49.3%, FIIs 6.2%, DIIs 23.5%, Public 21.0%.Jun '26: Promoters 49.3%, FIIs 6.2%, DIIs 23.8%, Public 20.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund +0.32 pp 1.86% held
- Kotak Midcap Fund Mutual fund +0.13 pp 3.36% held
- ICICI Prudential Multicap Fund Mutual fund +0.13 pp 1.26% held
- Franklin India Small Cap Fund Mutual fund +0.07 pp 2.70% held
- Ruchi Mehta newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Deepak Nitrite Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Deepak Chimanlal Mehta | 16.56% | unchanged |
| Life Insurance Corporation Of India Insurer | 9.47% | unchanged |
| Stiffen Credits And Capital Pvt Ltd | 6.19% | unchanged |
| Checkpoint Credits And Capital Pvt Ltd | 5.28% | unchanged |
| Stepup Credits And Capital Pvt Ltd | 5.08% | unchanged |
| Stigma Credits And Capital P Ltd | 4.54% | unchanged |
| Deepak Novochem Technologies Limited | 3.41% | unchanged |
| Kotak Midcap Fund Mutual fund | 3.36% | +0.13 pp |
| Skyrose Finvest Pvt Ltd | 2.81% | unchanged |
| Franklin India Small Cap Fund Mutual fund | 2.70% | +0.07 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 1.86% | +0.32 pp |
| Pranawa Leafin Pvt Ltd | 1.69% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in DEEPAKNTR
Filings to Aug 2026
7 new, 4 added, 1 trimmed, 0 sold out — net +17.61 L shares (+61.8%).
- Held by funds
- ₹805 Cr
- 15 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹325 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹325 Cr | held | Dec '16 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹114 Cr | held | Oct '20 |
| SBI Multi Asset Allocation Fund SBI Mutual Fund | ₹87 Cr | new | Aug '26 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹74 Cr | new | Aug '26 |
| SBI Smallcap Fund SBI Mutual Fund | ₹56 Cr | new | Aug '26 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹38 Cr | new | Aug '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹28 Cr | held | Mar '24 |
| SBI Comma Fund SBI Mutual Fund | ₹26 Cr | new | Aug '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +17.61 L shares (+61.8%)
- Funds are sitting on
- +23%
- vs est. average cost
- Held by funds
- ₹805 Cr
- 15 schemes · ≈ 3.1% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹325 Cr · 0.4% of that fund
Shares held by these funds +45%
Aug '23 28.48 L shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Deepak Nitrite Limited
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