Deepak Fertilisers & Petrochemicals

SBI Mutual Fund acquired 2,09,600 shares of Deepak Fertilisers & Petrochemicals Corporation Ltd on November 11, 2025, through market purchase. This acquisition increased SBI Mutual Fund's total holding to 63,48,107 shares, representing 5.0287% of the company's paid-up share capital. Prior to this acquisition, SBI Mutual Fund held 61,38,507 shares (4.9627% stake). The acquisition crossed the 5% threshold, triggering disclosure requirements under SEBI regulations. Deepak Fertilisers has a total equity share capital of Rs. 126.24 crore consisting of 12,62,37,825 equity shares with a face value of Rs. 10 each.

Deepak Fertilisers and Petrochemicals Corporation reported operating revenue of INR 3,006 crores for Q2 FY26, marking 9% year-on-year growth. However, operating EBITDA margins declined from 18% to 15%. The company's TAN business showed strong performance with 29% volume growth, while Crop Nutrition business grew 54%. For H1 FY26, operating revenue increased 13% to INR 5,665 crores with net profit rising 11% to INR 458 crores. The Chemicals segment faced challenges with IPA and Ammonia businesses declining 21% year-on-year due to global price volatility and oversupply issues. The company completed full acquisition of Platinum Blasting Services in Australia at 6.7x EBITDA multiple for INR 537 crores enterprise value. Two major projects are progressing - TAN project at Gopalpur reached 87% completion and Nitric Acid project at Dahej hit 70% completion, both expected to commission by end of Q4 FY26. Net debt-to-EBITDA stands at 1.74x with peak debt expected to reach INR 4,500 crores. The company's specialty products now contribute 22% of H1 revenues, with Crop Nutrition leading through crop-specific NPK grades.

Deepak Fertilisers and Petrochemicals Corporation Limited reported 9% year-over-year growth in operating revenue for Q2 FY26, reaching Rs 3,006 crores. Half-year revenue grew 13% to Rs 5,665 crores. Net profit remained flat at Rs 214 crores for the quarter but increased 11% for the half-year to Rs 458 crores. The company completed full acquisition of Platinum Blasting Services, its Australian subsidiary, which delivered Rs 533 crores in revenue and Rs 80 crores in EBITDA in FY25. The fertilizer business showed strong performance with 36% year-over-year growth, while the chemicals segment declined 21% due to headwinds in IPA and Ammonia businesses. Specialty products now comprise 28% of the crop nutrition business revenue. The company's expansion projects at Gopalpur (TAN) and Dahej (Nitric Acid) are 87% and 70% complete respectively, with commissioning expected by end of FY26.