Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Sep - Intimation of newspaper publication under Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding the opening of special window for transfer ....
Source: Bse
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT)
Small CapChemicals stocks · Small cap · NSE
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) is a leading Indian producer of industrial & mining chemicals and fertilisers. The company is transitioning towards a solutions-led portfolio with a focus on specialty products and B2C segments.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:49 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Chemicals P/E 32.2 (n=45)
Technical timing lens
Trend score and candlestick chart
34BearishSMA20 -2.6% / mo · MACD − · sector -5.7pp vs Nifty 500 (3M)
Stock trend: 30
Sector RS: 39
Sector 3M: -11.3% vs Nifty 500 -5.6%
Chemicals FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
DEEPAKFERTD candles · FIT view-3.6%Latest close ₹1195.80 on 2026-10-21
Bar
-4.9%
RSI
32
MACD hist
-11.80
52W pos
40%
2026-10-21O ₹1257.00H ₹1268.80L ₹1188.10C ₹1195.80Vol 4.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DEEPAKFERTNifty ChemicalsNifty 500
- DEEPAKFERT
- -25.6%
- Nifty 500
- -6.5%
- Nifty Chemicals
- -12.2%
- Vs Nifty 500
- -19.1 pp
Chart stats
21 Oct 2026- From 52W high
- -28.9%
- 52W range position
- 40%
- ATR (14)
- 4.6%
- Volume vs 20D
- 1.34x
- Avg traded value
- ₹44.2 Cr
- 20D price channel
- ₹1,188.1 - ₹1,421
₹1,681
₹866.4 - ₹1,681
₹54.9
Latest completed session
20-session average
50.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +22.4% · PAT +100.8% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model+65.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence63
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +22% YoY · PAT +101% YoY · margin expansion · +8% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,256 Cr | +22.4% | +8.1% |
| EBITDA | ₹845 Cr | +64.7% | +138.7% |
| Operating margin | 26.0% | +700 bps | +1400 bps |
| PAT | ₹490 Cr | +100.8% | +252.5% |
| PAT margin | 15.1% | +587 bps | +1043 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.20
- P/B
- 2.48
- EV/EBITDA
- 10.73
- Market Cap
- 16979.00Cr
Profitability
- ROE
- 10.90%
- ROCE
- 11.40%
- ROA
- 6.05%
- Dividend Y
- 0.76%
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- -16.00%
Balance Sheet
- Debt/Equity
- 0.83
- Interest Coverage
- 4.69×
- Altman Z
- 2.89
- Book Value
- 542.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 206.00 Cr
- EPS TTM
- 77.96
Shareholding
- Promoter Hold
- 45.63%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 59%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 3,256+8.1% vs prev
Net Profit
₹ CrLatest: 490+252.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 32.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.7% over last month) — short-term momentum negative.
- RSI(14) at 32 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 29% off 52W high · 38% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 1 Base / Transition
1M return
-12.5%
3M return
-25.6%
6M return
-4.6%
1Y return
-20.5%
RS 1D
-4
RS 20D
-21
Sector rank
#15
Industry rank
-
Stage evidence
- Price is 13.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +3.9% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 82.97-3.88%
RS vs Nifty 50083
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation17/30
Growth13/25
Quality2/20
Balance Sheet6/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 65.9%.
- Valuation contributes 17/30 to the score.
Main drags
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
17.2
PB
2.5
EV/EBITDA
10.7
ROE
10.9%
ROCE
11.4%
FCF Yield
—
Debt/Equity
0.8
MoS
+65.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+65.9%
Previous: +64.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
46
46
46
46
46
46
46
46
46
46
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹975.05
-22.6% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹3,508.2
+65.9% MoS
PEG
1.43
Comparable companies
Peers
Business-comparable peers in Chemicals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CHAMBLFERT
Small
Chambal Fertilizers & Chemicals Limited
Fertilizers & Chemicals
match 172
81
8.1
20.0%
+44%
DEEP VALUE
GNFC
Micro
Gujarat Narmada Valley Fertilizers and Chemicals Limited
Fertilizers & Chemicals
match 164
59
8.2
9.1%
+21%
FAIR VALUE
PARADEEP
Large
Paradeep Phosphates Limited
Fertilizers & Chemicals
match 163
72
13.8
16.2%
+71%
UNDERVALUED
RCF
Micro
Rashtriya Chemicals and Fertilizers Limited
Fertilizers & Chemicals
match 159
40
14.0
7.8%
-41%
WATCHLIST
NFL
Micro
National Fertilizers Limited
Fertilizers & Chemicals
match 157
38
8.5
7.5%
-42%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-16T04:08:10.200Z
Management commentary snapshot
FY26 consolidated revenue grew 12% YoY to Rs 11,506 Cr, but operating EBITDA declined 13% YoY to Rs 1,684 Cr, and net profit fell 22% YoY to Rs 739 Cr, primarily due to raw material cost escalation and inadequate subsidy support.
While DFPCL achieved revenue growth, significant margin compression from raw material costs and insufficient subsidy support severely impacted profitability. A substantial increase in working capital (receivables and inventories) and borrowings raises concerns about cash flow and balance sheet health, despite strategic shifts towards specialty products.
Current business mix
Revenue by Business Segment (FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Fertilisers53.6%
Chemicals46.1%
Realty0.2%
Others0.1%
Growth engines
Mining Chemicals B2C Segment
B2C volumes grew 21% YoY and 19% QoQ, supporting improved earnings quality.
Specialty Products Portfolio
Specialty products contributed 33% of CNB revenue (YTD) and 33% of fertiliser revenues, reflecting premiumisation.
SGNA Approvals
SGNA received approvals for ingot and wafer applications from three large customers, with further trial orders expected.
Cororid and PuroGuard+ Market Response
Strong market response across India, with adoption in 246 hospitals spanning 16+ states.
Capacity and execution
LNG Contract Commencement
LNG shipment from the 15-year contract commenced.
Capital Work in Progress
Consolidated Capital Work in Progress increased to Rs 3,04,636 Lakhs as of March 31, 2026, from Rs 1,40,366 Lakhs YoY.
Tailwinds
Elevated FGAN Prices
Elevated FGAN prices are expected to support margin improvement in Mining Chemicals.
Nitric Acid Demand
Nitric Acid demand is expected to strengthen, with limited import supply supporting pricing.
Domestic IPA Market Recovery
Domestic market sentiment for Isopropyl Alcohol (IPA) has started showing early signs of recovery.
Headwinds
Raw Material Cost Escalation
War-led raw material costs escalation impacted all segments, particularly Fertilisers.
Inadequate Subsidy Support
Inadequate subsidy support for fertilisers impacted Crop Nutrition's Q4 performance.
Ammonia Plant Turnaround
Q4 performance was impacted by planned ammonia plant turnaround maintenance and efficiency enhancement costs.
Constrained RGP Availability
Refinery Grade Propylene (RGP) availability remains constrained, impacting IPA sales despite price strengthening.
Risk radar
Subsidy Coverage for Raw Material Hikes
Fertilizer Industry requested GOI for re-considering and ensuring adequate coverage of war-led raw material hikes in subsidies.
Monsoon Impact on Crop Nutrition
IMD indicated a below-normal monsoon (92% of LPA) for 2026, linked to El Nino, posing demand risk for Crop Nutrition.
RGP Supply Constraints
Constrained RGP availability could continue to impact IPA sales.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Full-year (FY26) results provide the overall financial performance, while Q4 FY26 shows sequential recovery in operating EBITDA (adjusted) and Mining Chemicals volumes, indicating recent momentum shifts.
Sector KPIs management disclosed
FY26 Revenue Growth
Consolidated revenues increased 12% YoY to Rs 11,506 Cr.
Q4 FY26 Operating EBITDA Margin
Q4 Operating EBITDA margin was 11.8%, down from 18.0% YoY. Adjusted for one-off plant turnaround, decline moderates to ~10% YoY.
FY26 Net Profit
FY26 Net Profit declined 22% YoY to Rs 739 Cr.
Trade Receivables (Consolidated)
Increased to Rs 2,34,320 Lakhs as of March 31, 2026, from Rs 1,61,721 Lakhs YoY.
Management forward view
Strategic Focus
Company continues to transition toward a solutions-led portfolio, focusing on application-led segmentation, innovation, and differentiated offerings.
Mining Chemicals Strategy
Will maintain value pricing, leveraging supply reliability, application-specific product offerings, and customer partnerships.
Crop Nutrition Strategy
Focus remains on irrigated regions and priority markets to mitigate demand risk, with continued focus on mix enrichment and B2C expansion.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Operating EBITDA Margin | Q4 FY26: 11.8% (Consolidated) | Improvement in margins as raw material cost pass-through and subsidy support evolve. |
| Working Capital Management | Trade receivables and inventories significantly increased YoY. | Reduction in trade receivables and inventory levels to improve cash conversion. |
| Monsoon Performance | IMD indicated below-normal monsoon (92% of LPA) for 2026. | Granular clarity on monsoon impact on specific geographies and irrigated water availability for Kharif. |
| RGP Availability | Constrained, impacting IPA sales. | Improvement in Refinery Grade Propylene (RGP) availability to support IPA volumes. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
project executionnot yet verifiablequantified
The Nitric Acid project in Dahej, with capacities of WNA 300 KTPA and C’NA 150 KTPA, is expected to be commissioned.
Timeframe: H2FY26
"Expected Commissioning: H2FY26"
project executionnot yet verifiablequantified
The Nitric Acid project in Dahej, with capacities of WNA 300 KTPA and C’NA 150 KTPA, is expected to be commissioned.
Timeframe: H2FY26
"Expected Commissioning: H2FY26"
project executionnot yet verifiablequantified
The Technical Ammonium Nitrate (TAN) project in Gopalpur, with a capacity of 376 KTPA, is expected to be commissioned.
Timeframe: H2FY26
"Expected Commissioning: H2FY26"
project executionnot yet verifiablequantified
The Technical Ammonium Nitrate (TAN) project in Gopalpur, with a capacity of 376 KTPA, is expected to be commissioned.
Timeframe: H2FY26
"Expected Commissioning: H2FY26"
demand outlooknot yet verifiable
Demand for Technical Ammonium Nitrate (TAN) is expected to receive robust support as mining and infrastructure activities pick up post-monsoon, driven by increased demand for Power (Coal), Cement, and Steel.
Timeframe: post monsoonDirection: increase
"The mining and infrastructure is expected to pick up post monsoon"
demand outlooknot yet verifiable
Demand for Technical Ammonium Nitrate (TAN) is expected to receive robust support as mining and infrastructure activities pick up post-monsoon, driven by increased demand for Power (Coal), Cement, and Steel.
Timeframe: post monsoonDirection: increase
"The mining and infrastructure is expected to pick up post monsoon"
margin outlooknot yet verifiable
Demand and margins for Propylene-based IPA are expected to be stable and improve following the implementation of the Anti-Dumping Duty (ADD) on Chinese suppliers.
Timeframe: over few quartersDirection: stable and improve
"IPA demand and margins are expected to be stable and improve following the implementation of the ADD"
margin outlookdelivered
Demand and margins for Propylene-based IPA are expected to be stable and improve following the implementation of the Anti-Dumping Duty (ADD) on Chinese suppliers.
Timeframe: over few quartersDirection: stable and improve
"IPA demand and margins are expected to be stable and improve following the implementation of the ADD"
Outcome check: OPM moved from 18.0% to average 18.5% (+0.5 pp).
Trust Score
63Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Management has 100% delivered/partly-delivered outcomes on 1 checked claims. It ranks around the 38th percentile of the scored universe and 23rd percentile within Chemicals. Main check: results consistency is weak at 39/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
143 docs text-extracted · 56 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
38th percentile
overall median 67 · Chemicals: 23rd pctile, median 73 · Small: 43rd pctile, median 66
Evidence depth
Financial-only
143 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
100% delivered or partly delivered
1/5 claims checked · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
39
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Deepak Fertilizers and Petrochemicals Corporation Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - Newspapaer Publication w.r.t. 46th Annual General Meeting and e-voting information.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Jul - Intimation of newspaper publication under Regulation 30 of the SEBI (LODR) Regulations, 2015
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.