A subsidiary of Deepak Nitrite Limited has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹176.00 crore to Deepak Phenolics Limited. This internal funding arrangement within the Deepak Nitrite group involves a unique financial instrument combining features of debt and equity, potentially aimed at optimizing the group's capital structure or supporting growth initiatives.
Deepak Nitrite Ltd announced its Q4 FY2025 financial results, showing a 2.5% YoY revenue increase to Rs 2,179.69 crore and a 5% EBITDA growth to Rs 316.51 crore. However, net profit declined by 20% to Rs 202.41 crore. Despite the profit drop, the company's share price gained 4.74% post-announcement, suggesting investor focus on revenue and EBITDA growth.
28May 25
Deepak Nitrite Reports 20% Drop in Q4 Profit, Announces Dividend
Deepak Nitrite's Q4 results show a 20.3% year-on-year decrease in consolidated net profit to ₹202.40 crore, while revenue increased by 2.4% to ₹2,179.70 crore. EBITDA rose 5% to ₹316.50 crore, with the EBITDA margin improving to 14.52%. The board recommended a final dividend of ₹7.50 per equity share.
21Apr 25
Deepak Nitrite Poised to Benefit from Extended Ammonium Nitrate Manufacturing Licenses
The Indian government has amended rules for ammonium nitrate manufacturing, extending license validity from 5 to 10 years. This change could positively impact Deepak Nitrite Ltd, allowing for long-term planning, reduced administrative burden, increased operational stability, and potentially enhanced investor confidence. The amendment applies to all companies in the sector, potentially leading to a more stable and competitive industry landscape.
17Apr 25
Deepak Nitrite's Subsidiary Strengthens Capital Base with ₹163 Crore OCRPS Issuance
Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹163 crore to another subsidiary, Deepak Phenolics Limited. The transaction involves 1,63,00,000 9% OCRPS with a face value of ₹100 each. This move aims to strengthen DCTL's capital base and support its ongoing projects in Gujarat. DCTL's paid-up capital before the allotment was ₹923 crore, comprising ₹499.50 crore in equity shares and ₹423.50 crore in preference shares. The transaction, executed on an arm's length basis, required no governmental or regulatory approvals.
16Apr 25
Deepak Nitrite's Subsidiary Raises ₹163 Crore Through Preference Share Issue
Deepak Nitrite Limited's wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹163 crore to another subsidiary, Deepak Phenolics Limited. The transaction, completed on April 16, 2025, involved 1,63,00,000 9% OCRPS at ₹100 each. This move aims to strengthen DCTL's capital base for ongoing projects. Deepak Nitrite maintains 100% ownership of DCTL's equity, while indirectly holding 100% of its preference shares. DCTL, incorporated in 2020, operates a fluorination plant and is pursuing various projects in Gujarat.